Stieven Capital Advisors, L.P.
Long book
$468.1M
Q1 2026
Positions
35
Top-10 weight
51%
concentration
Last quarter
+18.0%
SPY +14.8%
Turnover
30%
of book per quarter
Strategy in plain words
auto-generated from filingsStieven Capital Advisors, L.P. is a diversified fundamental manager, specialised in financials (100% of the long book), running a $468.1M US long book across 35 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: COLUMBIA BANKING SYSTEM INC, WESTERN ALLIANCE BANCORP, ATLANTIC UNION BANKSHARES CO, UMB FINANCIAL CORP, SOUTHSTATE BANK CORP.
Over the last 9 quarters its long book ran on average 1.1pp per quarter ahead of the S&P 500, beating the index in 6 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
-1.5%
Q2 2024
+15.6%
Q3 2024
+6.7%
Q4 2024
-5.6%
Q1 2025
+4.7%
Q2 2025
+8.9%
Q3 2025
+4.3%
Q4 2025
-1.1%
Q1 2026
+18.0%
Sector allocation
Financials 98%
Other 2%
Long book by quarter
What does Stieven Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 1.2M | $32.5M | 6.9% | +6.9% |
| WAL WESTERN ALLIANCE BANCORP | Financials | 393.5K | $27.9M | 6.0% | -1.0% |
| AUB ATLANTIC UNION BANKSHARES CO | Financials | 740.2K | $26.5M | 5.7% | -0.3% |
| UMBF UMB FINANCIAL CORP | Financials | 228.8K | $25.8M | 5.5% | -0.3% |
| SSB SOUTHSTATE BANK CORP | Financials | 269.5K | $24.9M | 5.3% | +9.4% |
| CFG CITIZENS FINANCIAL GROUP | Financials | 373.9K | $22.4M | 4.8% | -0.3% |
| AX AXOS FINANCIAL INC | Financials | 240.7K | $20.5M | 4.4% | -5.9% |
| EWBC EAST WEST BANCORP INC | Financials | 187.0K | $20.0M | 4.3% | -7.7% |
| CNOB CONNECTONE BANCORP INC | Financials | 721.6K | $19.3M | 4.1% | +3.2% |
| HWC HANCOCK WHITNEY CORP | Financials | 300.5K | $19.1M | 4.1% | -3.6% |
| ONB OLD NATIONAL BANCORP | Financials | 744.4K | $16.5M | 3.5% | +31.4% |
| OSBC OLD SECOND BANCORP INC | Financials | 773.5K | $15.6M | 3.3% | -0.3% |
| FITB FIFTH THIRD BANCORP | Financials | 323.5K | $15.0M | 3.2% | New |
| FNB FNB CORP | Financials | 872.6K | $14.6M | 3.1% | +5.7% |
| WTFC WINTRUST FINANCIAL CORP | Financials | 96.1K | $13.3M | 2.9% | -22.5% |
| CCNE CNB FINANCIAL CORP/PA | Financials | 458.6K | $13.3M | 2.8% | -0.3% |
| HAFC HANMI FINANCIAL CORPORATION | Financials | 446.9K | $11.8M | 2.5% | -5.6% |
| RF REGIONS FINANCIAL CORP | Financials | 441.7K | $11.5M | 2.5% | -0.3% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 6.1K | $11.5M | 2.5% | -7.9% |
| PFBC PREFERRED BANK/LOS ANGELES | — | 122.6K | $11.1M | 2.4% | +4.0% |
| HBNC HORIZON BANCORP INC/IN | Financials | 559.4K | $9.3M | 2.0% | +26.0% |
| BANR BANNER CORPORATION | Financials | 150.4K | $9.1M | 1.9% | -16.0% |
| CCB COASTAL FINANCIAL CORP/WA | Financials | 110.6K | $8.4M | 1.8% | +68.1% |
| ALRS ALERUS FINANCIAL CORP | Financials | 338.9K | $8.0M | 1.7% | New |
| NIC NICOLET BANKSHARES INC | Financials | 52.8K | $7.8M | 1.7% | New |
| RNST RENASANT CORP | Financials | 185.2K | $6.7M | 1.4% | -29.2% |
| FBP FIRST BANCORP PUERTO RICO | Financials | 309.9K | $6.6M | 1.4% | -0.4% |
| MCHB MECHANICS BANCORP-A | Financials | 438.6K | $6.5M | 1.4% | -8.7% |
| MCB METROPOLITAN BANK HOLDING CO | Financials | 75.0K | $6.2M | 1.3% | New |
| SMBK SMARTFINANCIAL INC | Financials | 147.2K | $5.8M | 1.2% | -0.3% |
| FBK FB FINANCIAL CORP | Financials | 107.1K | $5.6M | 1.2% | -0.3% |
| PNFP PINNACLE FINANCIAL PARTNERS | Financials | 60.0K | $5.2M | 1.1% | New |
| BAC BANK OF AMERICA CORP | Financials | 101.3K | $4.9M | 1.1% | -31.7% |
| CIVB CIVISTA BANCSHARES INC | Financials | 126.7K | $2.9M | 0.6% | +15.5% |
| VLY VALLEY NATIONAL BANCORP | Financials | 158.2K | $1.9M | 0.4% | -0.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 35 | $468.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 38 | $539.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 40 | $530.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 41 | $512.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 45 | $516.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 49 | $561.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 49 | $528.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 45 | $451.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 46 | $481.0M | canonical | SEC ↗ |