Forest Hill Capital 13F annual report

Forest Hill Capital is an investment fund managing more than $216 billion ran by Mark Lee. There are currently 42 companies in Mr. Lee’s portfolio. The largest investments include Banner and Cadence Bank, together worth $26.1 billion.

Limited to 30 biggest holdings

$216 billion Assets Under Management (AUM)

As of 7th February 2023, Forest Hill Capital’s top holding is 217,431 shares of Banner currently worth over $13.7 billion and making up 6.4% of the portfolio value. Relative to the number of outstanding shares of Banner, Forest Hill Capital owns more than approximately 0.1% of the company. In addition, the fund holds 502,574 shares of Cadence Bank worth $12.4 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Texas Cap Bancshares Inc worth $12.3 billion and the next is First Intst Bancsystem Inc worth $12.1 billion, with 312,064 shares owned.

Currently, Forest Hill Capital's portfolio is worth at least $216 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Forest Hill Capital

The Forest Hill Capital office and employees reside in Little Rock, Arkansas. According to the last 13-F report filed with the SEC, Mark Lee serves as the Manager at Forest Hill Capital.

Recent trades

In the most recent 13F filing, Forest Hill Capital revealed that it had opened a new position in Renasant and bought 62,851 shares worth $2.36 billion. This means they effectively own approximately 0.1% of the company. Renasant makes up 2.6% of the fund's Finance sector allocation and has grown its share price by 3.8% in the past year.

The investment fund also strengthened its position in Cadence Bank by buying 20,000 additional shares. This makes their stake in Cadence Bank total 502,574 shares worth $12.4 billion. Cadence Bank dropped 12.4% in the past year.

On the other hand, there are companies that Forest Hill Capital is getting rid of from its portfolio. Forest Hill Capital closed its position in Fifth Third Bancorp on 14th February 2023. It sold the previously owned 150,000 shares for $5.04 million. Mark Lee also disclosed a decreased stake in Banner by approximately 0.1%. This leaves the value of the investment at $13.7 billion and 217,431 shares.

One of the average hedge funds

The two most similar investment funds to Forest Hill Capital are Landmark Advisors and Atlas Private Wealth Management. They manage $217 billion and $217 billion respectively.

Mark Lee investment strategy

Forest Hill Capital’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Finance — making up 42.8% of the total portfolio value. The fund focuses on investments in the United States as 52.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 17% of the total holdings value. On the other hand, small-cap stocks make up only 2.4% of the portfolio. The average market cap of the portfolio companies is close to $27.3 billion.

The complete list of Forest Hill Capital trades based on 13F SEC filings

These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Banner Corp.	3.32% 217,431	$13,741,639,000	6.35%
Cadence Bank	4.14% 502,574	$12,393,475,000	5.73%
Texas Cap Bancshares Inc	5.15% 204,015	$12,304,145,000	5.69%
First Intst Bancsystem Inc	0.78% 312,064	$12,061,274,000	5.57%
Hancock Whitney Corp.	No change 248,545	$12,027,093,000	5.56%
Franco Nev Corp	No change 81,500	$11,123,120,000	5.14%
Pinnacle Finl Partners Inc	No change 133,382	$9,790,239,000	4.52%
Synovus Finl Corp	No change 259,494	$9,744,000,000	4.50%
Newmont Corp	0.71% 198,950	$9,390,440,000	4.34%
Banc of California Inc	No change 534,882	$8,520,670,000	3.94%
Heritage Finl Corp Wash	No change 273,090	$8,367,478,000	3.87%
VanEck ETF Trust	2.95% 279,500	$8,010,470,000	3.70%
Comerica, Inc.	9.70% 113,089	$7,560,000,000	3.49%
SmartFinancial Inc	1.56% 265,649	$7,305,348,000	3.38%
Regions Financial Corp.	6.99% 332,815	$7,175,491,000	3.32%
Glacier Bancorp, Inc.	No change 141,671	$7,001,381,000	3.24%
SouthState Corporation	29.15% 88,600	$6,765,496,000	3.13%
Atlantic Un Bankshares Corp	No change 170,868	$6,004,302,000	2.77%
Pacwest Bancorp	No change 226,098	$5,188,949,000	2.40%
Fb Finl Corp	No change 105,123	$3,799,145,000	1.76%
Amazon.com Inc.	No change 40,000	$3,360,000,000	1.55%
Univar Solutions Inc	No change 103,958	$3,305,864,000	1.53%
St. Joe Co.	4.75% 79,500	$3,072,675,000	1.42%
Columbus Mckinnon Corp N Y	29.12% 88,688	$2,879,699,000	1.33%
Americas Car Mart, Inc.	146.29% 39,261	$2,837,000,000	1.31%
Air Transport Services Grp I	10.42% 105,950	$2,752,581,000	1.27%
Triumph Financial Inc	21.88% 53,570	$2,617,966,000	1.21%
Sandy Spring Bancorp	70.94% 70,117	$2,470,222,000	1.14%
Renasant Corp.	Opened 62,851	$2,362,569,000	1.09%
Paramount Global	56.19% 123,700	$2,088,056,000	0.96%
Cal-Maine Foods, Inc.	No change 25,000	$1,361,250,000	0.63%
Westrock Coffee Co	Opened 100,000	$1,336,000,000	0.62%
Vanguard Whitehall Fds	35.21% 19,200	$1,143,744,000	0.53%
Encore Wire Corp.	49.58% 8,000	$1,100,480,000	0.51%
Vanguard Index Fds	13.11% 6,900	$1,095,720,000	0.51%
Zimvie Inc	31.37% 104,696	$977,861,000	0.45%
Cisco Sys Inc	Opened 14,531	$692,257,000	0.32%
Crown Castle Inc	Opened 4,600	$623,944,000	0.29%
Enbridge Inc	33.90% 15,800	$617,780,000	0.29%
Abbvie Inc	No change 3,600	$581,796,000	0.27%
3M Co.	71.43% 4,800	$575,616,000	0.27%
Waste Mgmt Inc Del	No change 1,730	$271,402,000	0.13%
Fifth Third Bancorp	Closed 150,000	$5,040,000
Veritex Holdings Inc	Closed 136,414	$3,991,000
Hanover Bancorp Inc	Closed 47,400	$969,000
Universal Stainless & Alloy	Closed 76,082	$563,000
No transactions found
Showing first 500 out of 46 holdings