Filed: 11/14/2025ACC: 0001214659-25-016568
📋 What this filing means
NORTH REEF CAPITAL MANAGEMENT LP filed this quarterly 13F‑HR report disclosing 43 equity positions with a total reported market value of $2.14B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
43
Positions
$2.14B
Total AUM (reported)
63.57M
Total Shares
Allocation by class
COM$1.85B86.7%
COM NEW$164.26M7.7%
COM CL A$50.93M2.4%
CLASS A COM$24.55M1.1%
CL A$12.55M0.6%
COM VTG$8.80M0.4%
CL A COM$5.88M0.3%
Portfolio Concentration
Top 3$789.15M36.9%
4–10$859.08M40.2%
11–25$410.69M19.2%
Rest$79.46M3.7%
Top 3 weight
36.9%
Top 10 weight
77.1%
Voting Authority Distribution
Total shares with voting rights: 63.57M
Sole
Full voting authority
63.57M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole43
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings43
Rows:
FIRST HORIZON CORPORATION
SOLEShares12.37M
TypeSH
Market value$279.69M
13.08%
Sole
12.37M
Shared
0.00
None
0.00
CADENCE BANK
SOLEShares7.05M
TypeSH
Market value$264.84M
12.39%
Sole
7.05M
Shared
0.00
None
0.00
COMERICA INC
SOLEShares3.57M
TypeSH
Market value$244.62M
11.44%
Sole
3.57M
Shared
0.00
None
0.00
MARKETAXESS HLDGS INC
SOLEShares911.36K
TypeSH
Market value$158.80M
7.43%
Sole
911.36K
Shared
0.00
None
0.00
SEACOAST BKG CORP FLA
SOLEShares5M
TypeSH
Market value$152.00M
7.11%
Sole
5M
Shared
0.00
None
0.00
AMERIS BANCORP
SOLEShares1.98M
TypeSH
Market value$145.23M
6.79%
Sole
1.98M
Shared
0.00
None
0.00
ATLANTIC UN BANKSHARES CORP
SOLEShares3.71M
TypeSH
Market value$131.05M
6.13%
Sole
3.71M
Shared
0.00
None
0.00
Q2 HLDGS INC
SOLEShares1.69M
TypeSH
Market value$122.34M
5.72%
Sole
1.69M
Shared
0.00
None
0.00
ACI WORLDWIDE INC
SOLEShares1.78M
TypeSH
Market value$94.13M
4.40%
Sole
1.78M
Shared
0.00
None
0.00
STELLAR BANCORP INC
SOLEShares1.83M
TypeSH
Market value$55.52M
2.60%
Sole
1.83M
Shared
0.00
None
0.00
EAGLE BANCORP INC MD
SOLEShares2.63M
TypeSH
Market value$53.24M
2.49%
Sole
2.63M
Shared
0.00
None
0.00
PIPER SANDLER COMPANIES
SOLEShares151.71K
TypeSH
Market value$52.64M
2.46%
Sole
151.71K
Shared
0.00
None
0.00
TEXAS CAP BANCSHARES INC
SOLEShares555K
TypeSH
Market value$46.91M
2.19%
Sole
555K
Shared
0.00
None
0.00
FIRST FNDTN INC
SOLEShares6.90M
TypeSH
Market value$38.43M
1.80%
Sole
6.90M
Shared
0.00
None
0.00
VISA INC
SOLEShares105K
TypeSH
Market value$35.84M
1.68%
Sole
105K
Shared
0.00
None
0.00
MIAMI INTL HLDGS INC
SOLEShares725.80K
TypeSH
Market value$29.22M
1.37%
Sole
725.80K
Shared
0.00
None
0.00
FIRST INTST BANCSYSTEM INC
SOLEShares850K
TypeSH
Market value$27.09M
1.27%
Sole
850K
Shared
0.00
None
0.00
NORTHERN TR CORP
SOLEShares190K
TypeSH
Market value$25.57M
1.20%
Sole
190K
Shared
0.00
None
0.00
ACADIAN ASSET MANAGEMENT INC
SOLEShares511.45K
TypeSH
Market value$24.63M
1.15%
Sole
511.45K
Shared
0.00
None
0.00
MARQETA INC
SOLEShares4.65M
TypeSH
Market value$24.55M
1.15%
Sole
4.65M
Shared
0.00
None
0.00
FIRST WESTN FINL INC
SOLEShares617.82K
TypeSH
Market value$14.23M
0.67%
Sole
617.82K
Shared
0.00
None
0.00
NCR VOYIX CORPORATION
SOLEShares840.39K
TypeSH
Market value$10.55M
0.49%
Sole
840.39K
Shared
0.00
None
0.00
PRIMIS FINANCIAL CORP
SOLEShares974.87K
TypeSH
Market value$10.25M
0.48%
Sole
974.87K
Shared
0.00
None
0.00
FLYWIRE CORPORATION
SOLEShares650K
TypeSH
Market value$8.80M
0.41%
Sole
650K
Shared
0.00
None
0.00
FIGURE TECHNOLOGY SOLUTIO
SOLEShares240K
TypeSH
Market value$8.73M
0.41%
Sole
240K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
FIRST HORIZON CORPORATIONSOLE | COM | 12.37M | SH | $279.69M 13.08% | 12.37M | 0.00 | 0.00 |
CADENCE BANKSOLE | COM | 7.05M | SH | $264.84M 12.39% | 7.05M | 0.00 | 0.00 |
COMERICA INCSOLE | COM | 3.57M | SH | $244.62M 11.44% | 3.57M | 0.00 | 0.00 |
MARKETAXESS HLDGS INCSOLE | COM | 911.36K | SH | $158.80M 7.43% | 911.36K | 0.00 | 0.00 |
SEACOAST BKG CORP FLASOLE | COM NEW | 5M | SH | $152.00M 7.11% | 5M | 0.00 | 0.00 |
AMERIS BANCORPSOLE | COM | 1.98M | SH | $145.23M 6.79% | 1.98M | 0.00 | 0.00 |
ATLANTIC UN BANKSHARES CORPSOLE | COM | 3.71M | SH | $131.05M 6.13% | 3.71M | 0.00 | 0.00 |
Q2 HLDGS INCSOLE | COM | 1.69M | SH | $122.34M 5.72% | 1.69M | 0.00 | 0.00 |
ACI WORLDWIDE INCSOLE | COM | 1.78M | SH | $94.13M 4.40% | 1.78M | 0.00 | 0.00 |
STELLAR BANCORP INCSOLE | COM | 1.83M | SH | $55.52M 2.60% | 1.83M | 0.00 | 0.00 |
EAGLE BANCORP INC MDSOLE | COM | 2.63M | SH | $53.24M 2.49% | 2.63M | 0.00 | 0.00 |
PIPER SANDLER COMPANIESSOLE | COM | 151.71K | SH | $52.64M 2.46% | 151.71K | 0.00 | 0.00 |
TEXAS CAP BANCSHARES INCSOLE | COM | 555K | SH | $46.91M 2.19% | 555K | 0.00 | 0.00 |
FIRST FNDTN INCSOLE | COM | 6.90M | SH | $38.43M 1.80% | 6.90M | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 105K | SH | $35.84M 1.68% | 105K | 0.00 | 0.00 |
MIAMI INTL HLDGS INCSOLE | COM | 725.80K | SH | $29.22M 1.37% | 725.80K | 0.00 | 0.00 |
FIRST INTST BANCSYSTEM INCSOLE | COM | 850K | SH | $27.09M 1.27% | 850K | 0.00 | 0.00 |
NORTHERN TR CORPSOLE | COM | 190K | SH | $25.57M 1.20% | 190K | 0.00 | 0.00 |
ACADIAN ASSET MANAGEMENT INCSOLE | COM | 511.45K | SH | $24.63M 1.15% | 511.45K | 0.00 | 0.00 |
MARQETA INCSOLE | CLASS A COM | 4.65M | SH | $24.55M 1.15% | 4.65M | 0.00 | 0.00 |
FIRST WESTN FINL INCSOLE | COM | 617.82K | SH | $14.23M 0.67% | 617.82K | 0.00 | 0.00 |
NCR VOYIX CORPORATIONSOLE | COM | 840.39K | SH | $10.55M 0.49% | 840.39K | 0.00 | 0.00 |
PRIMIS FINANCIAL CORPSOLE | COM | 974.87K | SH | $10.25M 0.48% | 974.87K | 0.00 | 0.00 |
FLYWIRE CORPORATIONSOLE | COM VTG | 650K | SH | $8.80M 0.41% | 650K | 0.00 | 0.00 |
FIGURE TECHNOLOGY SOLUTIOSOLE | COM CL A | 240K | SH | $8.73M 0.41% | 240K | 0.00 | 0.00 |
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