Fourthstone 13F annual report

Fourthstone is an investment fund managing more than $314 billion ran by Robin Anderson. There are currently 46 companies in Mr. Anderson’s portfolio. The largest investments include Shore Bancshares and Community West Bancshares Ne, together worth $69.3 billion.

Limited to 30 biggest holdings

$314 billion Assets Under Management (AUM)

As of 7th August 2024, Fourthstone’s top holding is 3,275,243 shares of Shore Bancshares currently worth over $37.5 billion and making up 11.9% of the portfolio value. Relative to the number of outstanding shares of Shore Bancshares, Fourthstone owns less than approximately 0.1% of the company. In addition, the fund holds 1,719,272 shares of Community West Bancshares Ne worth $31.8 billion. The third-largest holding is Southern Calif Bancorp worth $23.9 billion and the next is Codorus Vy Bancorp Inc worth $23.1 billion, with 961,275 shares owned.

Currently, Fourthstone's portfolio is worth at least $314 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 Fourthstone

The Fourthstone office and employees reside in St Louis, Missouri. According to the last 13-F report filed with the SEC, Robin Anderson serves as the Chief Compliance Officer at Fourthstone.

Recent trades

In the most recent 13F filing, Fourthstone revealed that it had opened a new position in Community West Bancshares Ne and bought 1,719,272 shares worth $31.8 billion.

The investment fund also strengthened its position in Shore Bancshares by buying 1,527,216 additional shares. This makes their stake in Shore Bancshares total 3,275,243 shares worth $37.5 billion. Shore Bancshares soared 12.3% in the past year.

On the other hand, there are companies that Fourthstone is getting rid of from its portfolio. Fourthstone closed its position in Community Finl Corp Md on 14th August 2024. It sold the previously owned 561,587 shares for $22.4 billion. Robin Anderson also disclosed a decreased stake in Peoples Bancorp N C Inc by 0.1%. This leaves the value of the investment at $10.7 billion and 364,833 shares.

One of the smaller hedge funds

The two most similar investment funds to Fourthstone are Walter & Keenan Wealth Management in adv and Rdst Capital. They manage $314 billion and $314 billion respectively.

Robin Anderson investment strategy

Fourthstone’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Finance — making up 32.0% of the total portfolio value. The fund focuses on investments in the United States as 28.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $523 million.

The complete list of Fourthstone 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
Shore Bancshares Inc.	87.37% 3,275,243	$37,501,532,000	11.94%
Community West Bancshares Ne	Opened 1,719,272	$31,806,532,000	10.13%
Southern Calif Bancorp	Opened 1,770,619	$23,850,238,000	7.59%
Codorus Vy Bancorp Inc	38.61% 961,275	$23,109,051,000	7.36%
Community Finl Corp Md	Closed 561,587	$22,403,481,000
Chemung Finl Corp	112.64% 446,445	$21,429,360,000	6.82%
Colony Bankcorp, Inc.	76.67% 1,712,547	$20,978,701,000	6.68%
FVCBankcorp Inc	Closed 917,574	$17,497,909,000
Southern Sts Bancshares Inc	Closed 599,850	$17,356,945,000
Ames Natl Corp	Closed 719,162	$16,979,415,000
Evans Bancorp Inc	Closed 424,507	$15,872,317,000
Burke Herbert Finl Svcs Corp	Opened 307,447	$15,673,648,000	4.99%
Orrstown Finl Svcs Inc	Opened 559,469	$15,307,072,000	4.87%
Timberland Bancorp, Inc.	Closed 447,806	$15,279,467,000
Unity Bancorp, Inc.	Closed 475,564	$12,996,924,000
Franklin Finl Svcs Corp	40.28% 439,238	$12,421,651,000	3.96%
Central Vy Cmnty Bancorp	Closed 565,838	$11,984,441,000
Meridian Corp	605.95% 1,119,023	$11,772,122,000	3.75%
Peoples Bancorp N C Inc	12.94% 364,833	$10,653,124,000	3.39%
FS Bancorp Inc	Closed 315,430	$10,547,979,000
First Natl Corp	0.23% 625,653	$9,503,669,000	3.03%
First Northwest Bancorp	497.97% 938,529	$9,094,346,000	2.90%
Investar Hldg Corp	40.73% 583,146	$8,980,448,000	2.86%
Northrim Bancorp, Inc.	Closed 157,284	$8,582,988,000
California BanCorp	38.65% 352,690	$7,582,835,000	2.41%
Norwood Finl Corp	Closed 217,763	$7,281,995,000
First Utd Corp	Opened 339,228	$6,927,036,000	2.21%
Riverview Bancorp, Inc.	2,602.34% 1,726,256	$6,887,761,000	2.19%
Eagle Bancorp Mont Inc	1,172.22% 514,765	$6,830,932,000	2.17%
Virginia Natl Bankshares Cor	Closed 169,129	$6,199,559,000
Choiceone Finl Svcs Inc	Closed 191,459	$5,552,311,000
First Cmnty Corp S C	42.46% 310,573	$5,357,384,000	1.71%
Oak Vy Bancorp Oakdale Calif	Closed 197,783	$4,479,785,000
Finward Bancorp	52.83% 178,999	$4,389,055,000	1.40%
MainStreet Bancshares Inc	Closed 153,174	$4,208,373,000
Middlefield Banc Corp.	Closed 107,399	$2,942,733,000
HomeStreet Inc	Opened 256,505	$2,924,157,000	0.93%
Bv Finl Inc	Opened 217,453	$2,589,865,000	0.82%
Bank Marin Bancorp	Opened 103,928	$1,682,594,000	0.54%
First Svgs Finl Group Inc	51.59% 80,642	$1,434,621,000	0.46%
Hmn Finl Inc	Closed 64,804	$1,382,663,000
Carter Bankshares Inc	Opened 89,916	$1,359,530,000	0.43%
Provident Finl Svcs Inc	Opened 82,000	$1,176,700,000	0.37%
M & T Bk Corp	Closed 8,100	$1,174,986,000
Western New Eng Bancorp Inc	53.12% 162,910	$1,120,821,000	0.36%
Bank Princeton New Jersey	Closed 32,731	$1,038,227,000
Comerica, Inc.	Closed 15,100	$1,009,435,000
Zions Bancorporation N.A	Closed 20,208	$993,425,000
Keycorp	Closed 50,100	$872,742,000
Truist Finl Corp	Closed 20,100	$864,903,000
Mid Penn Bancorp, Inc.	Opened 39,313	$862,920,000	0.27%
Wells Fargo Co New	Closed 20,110	$830,342,000
Old Point Finl Corp	Opened 56,321	$826,229,000	0.26%
Bank Of The James Finl Gp In	Opened 72,928	$821,169,000	0.26%
Linkbancorp Inc	Opened 132,952	$813,666,000	0.26%
FNCB Bancorp Inc	Closed 96,655	$793,538,000
Citizens Finl Group Inc	Closed 20,100	$791,337,000
Civista Bancshares Inc	Opened 49,113	$760,760,000	0.24%
Primis Financial Corp	2.75% 66,539	$697,329,000	0.22%
Blue Ridge Bankshares Inc Va	74.77% 260,477	$679,845,000	0.22%
Pathfinder Bancorp Inc Md	Opened 47,117	$621,473,000	0.20%
Citizens Finl Svcs Inc	75.65% 13,493	$606,375,000	0.19%
Western Alliance Bancorp	Opened 9,100	$571,662,000	0.18%
Midwestone Finl Group Inc Ne	Opened 25,100	$564,499,000	0.18%
Columbia Bkg Sys Inc	Opened 28,100	$558,909,000	0.18%
Bank Ozk Little Rock Ark	Opened 13,339	$546,899,000	0.17%
Webster Finl Corp	Opened 12,268	$534,762,000	0.17%
Capital Bancorp Inc Md	Opened 25,193	$516,457,000	0.16%
Northfield Bancorp Inc	Opened 54,000	$511,920,000	0.16%
Oceanfirst Finl Corp	Opened 31,970	$508,003,000	0.16%
Parke Bancorp Inc	Opened 24,113	$419,566,000	0.13%
United Sec Bancshares Calif	Opened 41,389	$300,070,000	0.10%
Ponce Financial Group Inc	Closed 23,330	$217,436,000
Sierra Bancorp	Closed 10,000	$213,000,000
No transactions found
Showing first 500 out of 74 holdings