North Reef Expands Bank Stock Holdings Across Firms

North Reef Capital Management LP disclosed new and expanded stakes across several U.S. banks in its first-quarter 13F filing. The firm boosted its position in Central Bancompany by 210.9% to 4,075,000 shares, about 1.70% of CBC, ranking it among its top 10 holdings. It also increased Ameris Bancorp holdings by 25.1% to 3,423,243 shares, roughly 5.09% of its portfolio and its third-largest position. Additionally, North Reef acquired 159,162 shares of Raymond James Financial, valued at about $23.0 million, making it roughly 0.8% of the portfolio and its 28th largest holding. The stake in Banc of California rose 29.7% to 1,500,000 shares, about 0.9% of the portfolio and its 25th largest holding, while Flagstar Bank was added with 2,790,000 shares valued at around $36.7 million, representing about 1.3% of the portfolio and the 18th largest holding.