PL Capital Advisors portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Jul 31, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
PL Capital Advisors reported a $360M portfolio of 31 positions to the SEC as of the end of Q2 2026. Its largest positions are FISI, BANC, EFSC. During the quarter it opened OppFi and exited Bnccorp.
Sections with a free account
What changed this quarter
7 positions with a change (2 new, 1 added to, 3 trimmed, 1 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Bnccorp−3.3 ppof portfolioSold out3.6% → —
- Banc of California−17%fewer sharesReduced15.6% → 13.9%
- NBT Bancorp−65%fewer sharesReduced2.7% → 1.0%
- OppFi+0.8 ppof portfolioNew— → 0.8%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Financial InstitutionsFISI19.7%
- BANC of CaliforniaBANC13.9%
- Enterprise Financial ServicesEFSC13.4%
- Horizon BancorpHBNC10.1%
- First MerchantsFRME8.3%
- FNBFNB5.3%
- American Riviera BancorpARBV4.1%
- Finward BancorpFNWD4.0%
- Flagstar Bank, National AssociationFLG3.5%
- Independent BankIBCP3.2%
- Community West BancsharesCWBC2.5%
- First BK Williamstown New JEFRBA2.4%
- Chemung FinancialCHMG2.3%
- Primis FinancialFRST1.1%
- NBT BancorpNBTB1.0%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 93%
- ● No sector 7%
How its portfolio changed (8 quarters)
Q2 2026: 31
Q2 2026: 85%
Q2 2026: 4.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
13F filings with amendments or confidential positions
- 13F Q4 2024 ↗filed Feb 4, 2025Amendment of Feb 5, 2025 (replaces the original) ↗
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of May 5, 2026 (high confidence).
The data, as reported: PL CAPITAL ADVISORS, LLC (CRD 162083): 7.B private funds: 7 hedge (gross assets $327M); 5.D assets by client type: pooled vehicles 100% (of $327M)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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