Elizabeth Park Capital Advisors, Ltd.
Long book
$129.9M
Q1 2026
Positions
46
Top-10 weight
35%
concentration
Last quarter
+18.0%
SPY +14.8%
Turnover
28%
of book per quarter
Strategy in plain words
auto-generated from filingsElizabeth Park Capital Advisors, Ltd. is a diversified fundamental manager, specialised in financials (100% of the long book), running a $129.9M US long book across 46 positions.
The portfolio is moderately concentrated (top 10 ≈ 35% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: QCR HOLDINGS INC, ORIGIN BANCORP INC, HORIZON BANCORP INC/IN, CALIFORNIA BANCORP, VALLEY NATIONAL BANCORP.
Over the last 9 quarters its long book ran on average 1.9pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.7%
Q2 2024
+16.5%
Q3 2024
+8.1%
Q4 2024
-5.3%
Q1 2025
+7.1%
Q2 2025
+6.8%
Q3 2025
+5.0%
Q4 2025
+2.2%
Q1 2026
+18.0%
Sector allocation
Financials 100%
Long book by quarter
What does Elizabeth Park own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| QCRH QCR HOLDINGS INC | Financials | 85.1K | $7.3M | 5.6% | Held |
| OBK ORIGIN BANCORP INC | Financials | 128.2K | $5.3M | 4.1% | +1.6% |
| HBNC HORIZON BANCORP INC/IN | Financials | 284.7K | $4.7M | 3.6% | +10.9% |
| BCAL CALIFORNIA BANCORP | Financials | 254.6K | $4.5M | 3.5% | +78.5% |
| VLY VALLEY NATIONAL BANCORP | Financials | 360.9K | $4.4M | 3.4% | +0.6% |
| CFG CITIZENS FINANCIAL GROUP | Financials | 73.1K | $4.4M | 3.4% | -6.6% |
| IBOC INTERNATIONAL BANCSHARES CRP | Financials | 62.5K | $4.2M | 3.2% | +1.5% |
| EWBC EAST WEST BANCORP INC | Financials | 37.2K | $4.0M | 3.1% | +8.8% |
| ZION ZIONS BANCORP NA | Financials | 62.9K | $3.6M | 2.8% | +5.9% |
| ONB OLD NATIONAL BANCORP | Financials | 155.6K | $3.4M | 2.6% | +4.7% |
| BRBS BLUE RIDGE BANKSHARES INC | Financials | 803.4K | $3.4M | 2.6% | Held |
| OSBC OLD SECOND BANCORP INC | Financials | 166.5K | $3.4M | 2.6% | +4.9% |
| FRAF FRANKLIN FINANCIAL SERVICES | Financials | 63.9K | $3.3M | 2.5% | New |
| DCOM DIME COMMERCIAL BANCSHARES I | Financials | 90.8K | $3.1M | 2.4% | Held |
| FFBC FIRST FINANCIAL BANCORP | Financials | 108.3K | $3.0M | 2.3% | New |
| VABK VIRGINIA NATIONAL BANKSHARES | Financials | 74.9K | $2.9M | 2.2% | Held |
| CNOB CONNECTONE BANCORP INC | Financials | 103.2K | $2.8M | 2.1% | +4.0% |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 99.4K | $2.7M | 2.1% | +2.5% |
| PLBC PLUMAS BANCORP | Financials | 53.8K | $2.6M | 2.0% | Held |
| HAFC HANMI FINANCIAL CORPORATION | Financials | 97.7K | $2.6M | 2.0% | +16.7% |
| MBWM MERCANTILE BANK CORP | Financials | 51.0K | $2.6M | 2.0% | Held |
| FITB FIFTH THIRD BANCORP | Financials | 55.0K | $2.6M | 2.0% | New |
| BUSE FIRST BUSEY CORP | Financials | 99.8K | $2.5M | 1.9% | New |
| BHB BAR HARBOR BANKSHARES | Financials | 77.6K | $2.5M | 1.9% | Held |
| SMBK SMARTFINANCIAL INC | Financials | 64.0K | $2.5M | 1.9% | -13.3% |
| UMBF UMB FINANCIAL CORP | Financials | 22.0K | $2.5M | 1.9% | +201.3% |
| SFBS SERVISFIRST BANCSHARES INC | Financials | 34.0K | $2.5M | 1.9% | New |
| FCCO FIRST COMMUNITY CORP | Financials | 83.6K | $2.4M | 1.9% | -15.6% |
| PEBO PEOPLES BANCORP INC | Financials | 74.2K | $2.4M | 1.9% | +4.2% |
| NRIM NORTHRIM BANCORP INC | Financials | 102.3K | $2.3M | 1.8% | Held |
| ATLO AMES NATIONAL CORP | Financials | 80.5K | $2.3M | 1.7% | -25.1% |
| JMSB JOHN MARSHALL BANCORP INC | Financials | 105.3K | $2.1M | 1.6% | Held |
| SFNC SIMMONS FIRST NATL CORP-CL A | Financials | 109.4K | $2.1M | 1.6% | New |
| SBCF SEACOAST BANKING CORP/FL | Financials | 68.5K | $2.1M | 1.6% | +3.8% |
| SFST SOUTHERN FIRST BANCSHARES | Financials | 37.8K | $2.1M | 1.6% | New |
| USCB USCB FINANCIAL HOLDINGS INC | Financials | 110.6K | $2.1M | 1.6% | Held |
| WTFC WINTRUST FINANCIAL CORP | Financials | 14.4K | $2.0M | 1.5% | -41.0% |
| CCNE CNB FINANCIAL CORP/PA | Financials | 66.5K | $1.9M | 1.5% | Held |
| WNEB WESTERN NEW ENGLAND BANCORP | Financials | 146.0K | $1.9M | 1.5% | Held |
| COSO COASTAL SOUTH BANCSHARES INC | Financials | 75.7K | $1.9M | 1.4% | Held |
| CBNK CAPITAL BANCORP INC/MD | Financials | 60.2K | $1.8M | 1.4% | Held |
| AVBH AVIDBANK HOLDINGS INC | Financials | 61.6K | $1.8M | 1.4% | +207.8% |
| HTB HOMETRUST BANCSHARES INC | Financials | 40.8K | $1.7M | 1.3% | -30.6% |
| FSEA FIRST SEACOAST BANCORP INC | Financials | 138.1K | $1.7M | 1.3% | +10.5% |
| CIVB CIVISTA BANCSHARES INC | Financials | 60.9K | $1.4M | 1.1% | Held |
| FLG FLAGSTAR BANK NA | Financials | 58.7K | $773K | 0.6% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 46 | $129.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 45 | $121.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 48 | $123.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 41 | $111.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 43 | $110.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 41 | $122.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 43 | $123.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 44 | $115.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 46 | $120.5M | canonical | SEC ↗ |