Elizabeth Park Capital Advisors 13F annual report
Elizabeth Park Capital Advisors is an investment fund managing more than $121 billion ran by /s/ Pelaia. There are currently 44 companies in Pelaia’s portfolio. The largest investments include Qcr Holdings Inc and Sandy Spring Bancorp, together worth $11.9 billion.
$121 billion Assets Under Management (AUM)
As of 7th August 2024, Elizabeth Park Capital Advisors’s top holding is 119,268 shares of Qcr Holdings Inc currently worth over $7.16 billion and making up 6.2% of the portfolio value.
In addition, the fund holds 196,138 shares of Sandy Spring Bancorp worth $4.78 billion, whose value grew 28.8% in the past six months.
The third-largest holding is First Bancshares Inc Ms worth $4.55 billion and the next is Stellar Bancorp Inc worth $4.28 billion, with 186,217 shares owned.
Currently, Elizabeth Park Capital Advisors's portfolio is worth at least $121 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Elizabeth Park Capital Advisors
The Elizabeth Park Capital Advisors office and employees reside in Pepper Pike, Ohio. According to the last 13-F report filed with the SEC, /s/ Pelaia serves as the Chief Compliance Officer at Elizabeth Park Capital Advisors.
Recent trades
In the most recent 13F filing, Elizabeth Park Capital Advisors revealed that it had opened a new position in
Sandy Spring Bancorp and bought 196,138 shares worth $4.78 billion.
This means they effectively own approximately 0.1% of the company.
Sandy Spring Bancorp makes up
9.9%
of the fund's Finance sector allocation and has grown its share price by 19.1% in the past year.
The investment fund also strengthened its position in Stellar Bancorp Inc by buying
66,217 additional shares.
This makes their stake in Stellar Bancorp Inc total 186,217 shares worth $4.28 billion.
On the other hand, there are companies that Elizabeth Park Capital Advisors is getting rid of from its portfolio.
Elizabeth Park Capital Advisors closed its position in Umb Finl Corp on 14th August 2024.
It sold the previously owned 34,148 shares for $2.97 billion.
/s/ Pelaia also disclosed a decreased stake in Qcr Holdings Inc by approximately 0.1%.
This leaves the value of the investment at $7.16 billion and 119,268 shares.
One of the smallest hedge funds
The two most similar investment funds to Elizabeth Park Capital Advisors are Silvia Mccoll Wealth Management and Monetta Financial Services Inc. They manage $115 billion and $116 billion respectively.
/s/ Pelaia investment strategy
Elizabeth Park Capital Advisors’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Finance — making up 41.9% of
the total portfolio value.
The fund focuses on investments in the United States as
45.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
5% of the total holdings value.
On the other hand, large-cap stocks make up only 2.3% of the portfolio.
The average market cap of the portfolio companies is close to $2.52 billion.
The complete list of Elizabeth Park Capital Advisors trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Qcr Holdings Inc |
3.05%
119,268
|
$7,156,080,000 | 6.20% |
| Sandy Spring Bancorp |
Opened
196,138
|
$4,777,922,000 | 4.14% |
| First Bancshares Inc Ms |
Opened
175,056
|
$4,547,955,000 | 3.94% |
| Stellar Bancorp Inc |
55.18%
186,217
|
$4,275,542,000 | 3.70% |
| Premier Financial Corp. |
6.12%
186,564
|
$3,817,099,000 | 3.30% |
| East West Bancorp, Inc. |
No change
45,100
|
$3,302,673,000 | 2.86% |
| Fifth Third Bancorp |
No change
90,000
|
$3,284,100,000 | 2.84% |
| Virginia Natl Bankshares Cor |
No change
98,076
|
$3,216,893,000 | 2.78% |
| Old Natl Bancorp Ind |
No change
185,100
|
$3,181,869,000 | 2.75% |
| Pinnacle Finl Partners Inc |
No change
38,621
|
$3,091,225,000 | 2.68% |
| KeyCorp |
No change
216,500
|
$3,076,465,000 | 2.66% |
| First Fndtn Inc |
26.69%
463,953
|
$3,038,892,000 | 2.63% |
| SmartFinancial Inc |
13.55%
127,649
|
$3,021,452,000 | 2.62% |
| Umb Finl Corp |
Closed
34,148
|
$2,970,535,000 | |
| Citizens Finl Group Inc |
5.97%
79,830
|
$2,876,275,000 | 2.49% |
| John Marshall Bancorp Inc |
6.82%
164,071
|
$2,861,398,000 | 2.48% |
| Esquire Finl Hldgs Inc |
15.47%
59,738
|
$2,843,529,000 | 2.46% |
| Texas Cap Bancshares Inc |
No change
46,508
|
$2,843,499,000 | 2.46% |
| OFG Bancorp |
No change
71,696
|
$2,685,015,000 | 2.32% |
| Northrim Bancorp, Inc. |
27.25%
46,316
|
$2,669,654,000 | 2.31% |
| Comerica, Inc. |
Closed
48,127
|
$2,646,504,000 | |
| Peoples Bancorp Inc |
No change
87,652
|
$2,629,560,000 | 2.28% |
| MainStreet Bancshares Inc |
No change
145,355
|
$2,577,144,000 | 2.23% |
| Webster Finl Corp |
No change
57,475
|
$2,505,335,000 | 2.17% |
| Macatawa Bk Corp |
Closed
254,589
|
$2,492,426,000 | |
| Red River Bancshares, Inc. |
No change
51,645
|
$2,478,444,000 | 2.15% |
| First Cmnty Corp S C |
5.33%
143,672
|
$2,478,342,000 | 2.15% |
| Village Bk & Tr Finl Corp |
20.37%
54,493
|
$2,428,208,000 | 2.10% |
| Customers Bancorp Inc |
5.41%
48,739
|
$2,338,497,000 | 2.02% |
| Independent Bank Group Inc |
Closed
49,575
|
$2,263,099,000 | |
| Evans Bancorp Inc |
22.39%
78,462
|
$2,205,567,000 | 1.91% |
| California BanCorp |
Closed
98,164
|
$2,159,608,000 | |
| Merchants Bancorp Ind |
No change
52,763
|
$2,139,012,000 | 1.85% |
| Capital Bancorp Inc Md |
No change
103,265
|
$2,116,933,000 | 1.83% |
| Wintrust Finl Corp |
Opened
21,392
|
$2,108,396,000 | 1.83% |
| F.N.B. Corp. |
Closed
149,500
|
$2,107,950,000 | |
| Enterprise Finl Svcs Corp |
No change
51,326
|
$2,099,747,000 | 1.82% |
| Blue Ridge Bankshares Inc Va |
Opened
803,446
|
$2,096,994,000 | 1.82% |
| CF Bankshares Inc |
20.97%
110,860
|
$2,079,734,000 | 1.80% |
| Heartland Finl Usa Inc |
Closed
59,087
|
$2,076,908,000 | |
| Peapack-gladstone Finl Corp |
19.33%
86,980
|
$1,970,097,000 | 1.71% |
| Prosperity Bancshares Inc. |
10.53%
31,500
|
$1,925,910,000 | 1.67% |
| Trustmark Corp. |
Opened
62,133
|
$1,866,475,000 | 1.62% |
| Ameris Bancorp |
No change
36,847
|
$1,855,246,000 | 1.61% |
| National Bk Hldgs Corp |
30.08%
44,391
|
$1,733,469,000 | 1.50% |
| Banner Corp. |
Closed
35,891
|
$1,722,768,000 | |
| Uscb Financial Holdings Inc |
No change
118,856
|
$1,524,922,000 | 1.32% |
| Cnb Finl Corp Pa |
No change
66,458
|
$1,356,408,000 | 1.17% |
| Plumas Bancorp. |
Opened
34,668
|
$1,247,355,000 | 1.08% |
| Civista Bancshares Inc |
No change
79,224
|
$1,227,180,000 | 1.06% |
| First Seacoast Bancorp |
No change
125,000
|
$1,125,000,000 | 0.97% |
| First Merchants Corp. |
50.01%
24,989
|
$831,884,000 | 0.72% |
| No transactions found | |||
| Showing first 500 out of 52 holdings | |||
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