Ategra Capital Management, LLC
Long book
$179.6M
Q1 2026
Positions
23
Top-10 weight
71%
concentration
Last quarter
+14.4%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsAtegra Capital Management, LLC is a concentrated fundamental stock-picker, specialised in financials (97% of the long book), running a $179.6M US long book across 23 positions.
The portfolio is concentrated: the top 10 names carry 71% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TRUIST FINANCIAL CORP, FINANCIAL INSTITUTIONS INC, BEACON FINANCIAL CORP, CITIZENS FINANCIAL GROUP, HAWTHORN BANCSHARES INC.
Over the last 9 quarters its long book ran on average 3.1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.5%
Q2 2024
+16.4%
Q3 2024
+11.0%
Q4 2024
-2.5%
Q1 2025
+6.8%
Q2 2025
+8.5%
Q3 2025
+7.7%
Q4 2025
+2.8%
Q1 2026
+14.4%
Sector allocation
Financials 92%
Other 6%
Utilities 2%
Industrials 1%
Long book by quarter
What does Ategra Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TFC TRUIST FINANCIAL CORP | Financials | 395.7K | $18.2M | 10.1% | +24.6% |
| FISI FINANCIAL INSTITUTIONS INC | Financials | 564.1K | $17.9M | 10.0% | -1.4% |
| BBT BEACON FINANCIAL CORP | Financials | 511.3K | $15.3M | 8.5% | Held |
| CFG CITIZENS FINANCIAL GROUP | Financials | 248.7K | $14.9M | 8.3% | +3.6% |
| HWBK HAWTHORN BANCSHARES INC | Financials | 342.4K | $11.5M | 6.4% | Held |
| WFC WELLS FARGO & CO | Financials | 144.4K | $11.5M | 6.4% | +2306.8% |
| PKBK PARKE BANCORP INC | Financials | 374.1K | $10.6M | 5.9% | -17.5% |
| AX AXOS FINANCIAL INC | Financials | 113.8K | $9.7M | 5.4% | -25.8% |
| ARBV AMERICAN RIVIERA BANCORP | — | 380.7K | $9.0M | 5.0% | Held |
| TCBX THIRD COAST BANCSHARES INC | Financials | 204.9K | $7.8M | 4.3% | +12.5% |
| CBNK CAPITAL BANCORP INC/MD | Financials | 231.3K | $6.9M | 3.8% | Held |
| FVCB FVCBANKCORP INC | Financials | 436.7K | $6.6M | 3.7% | Held |
| IBCP INDEPENDENT BANK CORP - MICH | Financials | 139.2K | $4.6M | 2.6% | Held |
| MRBK MERIDIAN CORP | Financials | 239.2K | $4.5M | 2.5% | -32.1% |
| PEBO PEOPLES BANCORP INC | Financials | 89.3K | $2.9M | 1.6% | Held |
| EIX EDISON INTERNATIONAL | Utilities | 36.9K | $2.7M | 1.5% | Held |
| BA BOEING CO/THE | Industrials | 9.5K | $1.9M | 1.1% | -18.8% |
| MVBF MVB FINANCIAL CORP | Financials | 71.1K | $1.8M | 1.0% | -35.7% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 16.2K | $1.5M | 0.8% | +226.9% |
| CFFI C & F FINANCIAL CORP | Financials | 7.2K | $525K | 0.3% | -49.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 27 | $201.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 33 | $210.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 29 | $169.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 26 | $126.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 27 | $128.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 30 | $151.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 22 | $140.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Feb 14, 2025 | 24 | $119.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Feb 14, 2025 | 94 | $221.5M | canonical | SEC ↗ |