ENDEAVOUR CAPITAL ADVISORS INC
Long book
$441.0M
Q1 2026
Positions
37
Top-10 weight
56%
concentration
Last quarter
+15.4%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsENDEAVOUR CAPITAL ADVISORS INC is a concentrated fundamental stock-picker, specialised in financials (100% of the long book), running a $441.0M US long book across 37 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: QCR HOLDINGS INC, SOUTHERN FIRST BANCSHARES, CALIFORNIA BANCORP, NATIONAL BANK HOLD-CL A, OLD NATIONAL BANCORP.
Over the last 9 quarters its long book ran on average 2.5pp 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
-0.5%
Q2 2024
+19.7%
Q3 2024
+11.0%
Q4 2024
-5.0%
Q1 2025
+4.9%
Q2 2025
+8.9%
Q3 2025
+8.1%
Q4 2025
+0.3%
Q1 2026
+15.4%
Sector allocation
Financials 99%
Other 1%
Long book by quarter
What does ENDEAVOUR CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| QCRH QCR HOLDINGS INC | Financials | 409.7K | $35.0M | 7.9% | +24.7% |
| SFST SOUTHERN FIRST BANCSHARES | Financials | 607.4K | $33.1M | 7.5% | +3.7% |
| BCAL CALIFORNIA BANCORP | Financials | 1.8M | $32.2M | 7.3% | +3.1% |
| NBHC NATIONAL BANK HOLD-CL A | Financials | 575.7K | $22.5M | 5.1% | +228.6% |
| ONB OLD NATIONAL BANCORP | Financials | 999.5K | $22.1M | 5.0% | +68.9% |
| CCB COASTAL FINANCIAL CORP/WA | Financials | 273.6K | $20.8M | 4.7% | +69.0% |
| VLY VALLEY NATIONAL BANCORP | Financials | 1.7M | $20.4M | 4.6% | +28.4% |
| OCFC OCEANFIRST FINANCIAL CORP | Financials | 1.1M | $20.4M | 4.6% | +41.0% |
| AVBH AVIDBANK HOLDINGS INC | Financials | 708.5K | $20.2M | 4.6% | +1.5% |
| BHRB BURKE & HERBERT FINANCIAL SE | Financials | 305.2K | $19.0M | 4.3% | +143.5% |
| USCB USCB FINANCIAL HOLDINGS INC | Financials | 1.0M | $19.0M | 4.3% | -3.1% |
| FVCB FVCBANKCORP INC | Financials | 1.2M | $18.8M | 4.3% | -5.0% |
| EFSC ENTERPRISE FINANCIAL SERVICE | Financials | 282.5K | $15.3M | 3.5% | +52.5% |
| CIVB CIVISTA BANCSHARES INC | Financials | 620.9K | $14.1M | 3.2% | +13.3% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 872.3K | $13.7M | 3.1% | +4293.9% |
| ALRS ALERUS FINANCIAL CORP | Financials | 562.2K | $13.3M | 3.0% | +8.8% |
| FIGR FIGURE TECHNOLOGY SOLUT-CL A | Financials | 370.9K | $12.6M | 2.9% | +14.9% |
| OBK ORIGIN BANCORP INC | Financials | 303.0K | $12.6M | 2.8% | +9.7% |
| VABK VIRGINIA NATIONAL BANKSHARES | Financials | 298.8K | $11.4M | 2.6% | +14.2% |
| FMBH FIRST MID BANCSHARES INC | Financials | 185.5K | $7.6M | 1.7% | -11.1% |
| BANC BANC OF CALIFORNIA INC | Financials | 367.5K | $6.5M | 1.5% | -20.7% |
| COSO COASTAL SOUTH BANCSHARES INC | Financials | 241.6K | $5.9M | 1.3% | -28.3% |
| BY BYLINE BANCORP INC | Financials | 180.6K | $5.7M | 1.3% | +16.4% |
| EBC EASTERN BANKSHARES INC | Financials | 288.9K | $5.7M | 1.3% | -23.5% |
| CNOB CONNECTONE BANCORP INC | Financials | 200.6K | $5.4M | 1.2% | +55.5% |
| UVSP UNIVEST FINANCIAL CORP | Financials | 138.6K | $4.7M | 1.1% | -43.8% |
| MVBF MVB FINANCIAL CORP | Financials | 187.9K | $4.7M | 1.1% | -0.1% |
| FNWD FINWARD BANCORP | Financials | 99.5K | $3.6M | 0.8% | Held |
| EQBK EQUITY BANCSHARES INC - CL A | Financials | 65.5K | $2.9M | 0.7% | New |
| CBNA CHAIN BRIDGE BANCORP INC-A | Financials | 83.3K | $2.9M | 0.7% | +5.0% |
| TOWN TOWNE BANK | — | 85.7K | $2.9M | 0.7% | New |
| NBTB N B T BANCORP INC | Financials | 62.7K | $2.7M | 0.6% | -13.7% |
| FLG FLAGSTAR BANK NA | Financials | 80.5K | $1.1M | 0.2% | Held |
| CBFV CB FINANCIAL SERVICES INC | Financials | 24.2K | $826K | 0.2% | -10.0% |
| SSB SOUTHSTATE BANK CORP | Financials | 7.5K | $694K | 0.2% | New |
| FBK FB FINANCIAL CORP | Financials | 7.0K | $364K | 0.1% | New |
| EWBC EAST WEST BANCORP INC | Financials | 3.0K | $317K | 0.1% | -26.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 42 | $441.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 41 | $359.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 41 | $330.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 39 | $290.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 42 | $269.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 39 | $314.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 35 | $318.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 34 | $287.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 35 | $289.3M | canonical | SEC ↗ |