NORTH REEF CAPITAL MANAGEMENT LP
Q1 2026 Form 13-F
LAGUNA BEACH, CALIFORNIA
CIK 0001867831
· CRD 311056
· SEC-registered investment adviser
$2.9B Reported Value Total
NORTH REEF CAPITAL MANAGEMENT LP reports 10 total accounts under management (AUM). There are 10 discretionary accounts valued at $4,141,234,742, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
2 funds
· $1.7B gross asset value
Hedge Fund: $1.7B
Source: Form ADV filed 2026-03-30
Reported value
$2.9B
Quarter over quarter
-6.3%
Holdings
60
Top-10 concentration
65.6%
Key People
Form ADV owners & control persons
James H Hanna
LIMITED PARTNER
Daniel Mariano Locasto
CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER
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13F Metrics
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Q1 2026 13F record
Q1 2026 13F filing summary
| Period of report | March 31, 2026 |
|---|---|
| Filed | May 15, 2026 |
| Form | 13F-HR |
| Reported value | $2.9B |
| Positions | 60 |
| Change in reported value | +16.9% |
| New positions | 18 |
| Exited positions | 14 |
| Position turnover | 43.2% |
| Top-10 concentration | 65.6% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 14, 2026
|
43 | $2.6B |
|
Q1 2026 13F
Filed May 15, 2026
|
60 | $2.9B |
|
Q4 2025 13F
Filed Feb 17, 2026
|
56 | $2.5B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
43 | $2.1B |
|
Q2 2025 13F
Filed Aug 14, 2025
|
40 | $2.3B |
|
Q1 2025 13F
Filed May 15, 2025
|
46 | $2.3B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
41 | $2.2B |
|
Q3 2024 13F
Filed Nov 14, 2024
|
48 | $2.1B |
|
Q2 2024 13F
Filed Aug 14, 2024
|
46 | $2.2B |
|
Q1 2024 13F
Filed May 15, 2024
|
44 | $1.9B |
|
Q4 2023 13F
Filed Feb 14, 2024
|
36 | $1.7B |
|
Q3 2023 13F
Filed Nov 13, 2023
|
44 | $1.6B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
36 | $1.3B |
|
Q1 2023 13F
Filed May 12, 2023
|
40 | $892.5M |
|
Q4 2022 13F
Filed Feb 13, 2023
|
37 | $912.3M |
|
Q3 2022 13F
Filed Nov 10, 2022
|
37 | $400.7M |
|
Q2 2022 13F
Filed Aug 12, 2022
|
34 | $355.8M |
|
Q1 2022 13F
Filed May 13, 2022
|
34 | $244.5M |
|
Q4 2021 13F
Filed Feb 11, 2022
|
33 | $216.9M |
Top 20 holdings · Q1 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | FHN FIRST HORIZON CORPORATION | $329.0M | 11.32% |
| 2 | MKTX MARKETAXESS HLDGS INC | $309.3M | 10.65% |
| 3 | ABCB AMERIS BANCORP | $267.0M | 9.19% |
| 4 | KEY KEYCORP | $253.6M | 8.73% |
| 5 | SBCF SEACOAST BKG CORP FLA | $176.4M | 6.07% |
| 6 | AUB ATLANTIC UN BANKSHARES CORP | $153.1M | 5.27% |
| 7 | ALKT ALKAMI TECHNOLOGY INC | $119.9M | 4.13% |
| 8 | V VISA INC | $108.8M | 3.74% |
| 9 | CBC CENTRAL BANCOMPANY | $97.6M | 3.36% |
| 10 | ACIW ACI WORLDWIDE INC | $91.5M | 3.15% |
| 11 | TRMK TRUSTMARK CORP | $82.3M | 2.83% |
| 12 | PB PROSPERITY BANCSHARES INC | $74.4M | 2.56% |
| 13 | PIPRZZZZ PIPER SANDLER COMPANIES | $73.8M | 2.54% |
| 14 | EGBN EAGLE BANCORPORATION INC | $67.3M | 2.32% |
| 15 | NTRS NORTHERN TR CORP | $41.7M | 1.43% |
| 16 | TW TRADEWEB MKTS INC | $39.7M | 1.36% |
| 17 | MIAX MIAMI INTL HLDGS INC | $39.5M | 1.36% |
| 18 | FLG FLAGSTAR BANK NATIONAL ASSOC | $36.7M | 1.26% |
| 19 | FIS FIDELITY NATL INFORMATION SV | $36.4M | 1.25% |
| 20 | FFWM FIRST FNDTN INC | $34.9M | 1.2% |
Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.