Fourthstone 13F annual report

Fourthstone is an investment fund managing more than $314 billion ran by Robin Anderson. There are currently 46 companies in Mr. Anderson’s portfolio. The largest investments include Shore Bancshares and Community West Bancshares Ne, together worth $69.3 billion.

Limited to 30 biggest holdings

$314 billion Assets Under Management (AUM)

As of 7th August 2024, Fourthstone’s top holding is 3,275,243 shares of Shore Bancshares currently worth over $37.5 billion and making up 11.9% of the portfolio value. Relative to the number of outstanding shares of Shore Bancshares, Fourthstone owns less than approximately 0.1% of the company. In addition, the fund holds 1,719,272 shares of Community West Bancshares Ne worth $31.8 billion. The third-largest holding is Southern Calif Bancorp worth $23.9 billion and the next is Codorus Vy Bancorp Inc worth $23.1 billion, with 961,275 shares owned.

Currently, Fourthstone's portfolio is worth at least $314 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 Fourthstone

The Fourthstone office and employees reside in St Louis, Missouri. According to the last 13-F report filed with the SEC, Robin Anderson serves as the Chief Compliance Officer at Fourthstone.

Recent trades

In the most recent 13F filing, Fourthstone revealed that it had opened a new position in Community West Bancshares Ne and bought 1,719,272 shares worth $31.8 billion.

The investment fund also strengthened its position in Shore Bancshares by buying 1,527,216 additional shares. This makes their stake in Shore Bancshares total 3,275,243 shares worth $37.5 billion. Shore Bancshares soared 12.3% in the past year.

On the other hand, there are companies that Fourthstone is getting rid of from its portfolio. Fourthstone closed its position in Community Finl Corp Md on 14th August 2024. It sold the previously owned 561,587 shares for $22.4 billion. Robin Anderson also disclosed a decreased stake in Peoples Bancorp N C Inc by 0.1%. This leaves the value of the investment at $10.7 billion and 364,833 shares.

One of the smaller hedge funds

The two most similar investment funds to Fourthstone are Walter & Keenan Wealth Management in adv and Rdst Capital. They manage $314 billion and $314 billion respectively.


Robin Anderson investment strategy

Fourthstone’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Finance — making up 32.0% of the total portfolio value. The fund focuses on investments in the United States as 28.3% 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 approximately 0.1% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $523 million.

The complete list of Fourthstone trades based on 13F SEC filings

These positions were updated on August 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
Shore Bancshares Inc.
87.37%
3,275,243
$37,501,532,000 11.94%
Community West Bancshares Ne
Opened
1,719,272
$31,806,532,000 10.13%
Southern Calif Bancorp
Opened
1,770,619
$23,850,238,000 7.59%
Codorus Vy Bancorp Inc
38.61%
961,275
$23,109,051,000 7.36%
Community Finl Corp Md
Closed
561,587
$22,403,481,000
Chemung Finl Corp
112.64%
446,445
$21,429,360,000 6.82%
Colony Bankcorp, Inc.
76.67%
1,712,547
$20,978,701,000 6.68%
FVCBankcorp Inc
Closed
917,574
$17,497,909,000
Southern Sts Bancshares Inc
Closed
599,850
$17,356,945,000
Ames Natl Corp
Closed
719,162
$16,979,415,000
Evans Bancorp Inc
Closed
424,507
$15,872,317,000
Burke Herbert Finl Svcs Corp
Opened
307,447
$15,673,648,000 4.99%
Orrstown Finl Svcs Inc
Opened
559,469
$15,307,072,000 4.87%
Timberland Bancorp, Inc.
Closed
447,806
$15,279,467,000
Unity Bancorp, Inc.
Closed
475,564
$12,996,924,000
Franklin Finl Svcs Corp
40.28%
439,238
$12,421,651,000 3.96%
Central Vy Cmnty Bancorp
Closed
565,838
$11,984,441,000
Meridian Corp
605.95%
1,119,023
$11,772,122,000 3.75%
Peoples Bancorp N C Inc
12.94%
364,833
$10,653,124,000 3.39%
FS Bancorp Inc
Closed
315,430
$10,547,979,000
First Natl Corp
0.23%
625,653
$9,503,669,000 3.03%
First Northwest Bancorp
497.97%
938,529
$9,094,346,000 2.90%
Investar Hldg Corp
40.73%
583,146
$8,980,448,000 2.86%
Northrim Bancorp, Inc.
Closed
157,284
$8,582,988,000
California BanCorp
38.65%
352,690
$7,582,835,000 2.41%
Norwood Finl Corp
Closed
217,763
$7,281,995,000
First Utd Corp
Opened
339,228
$6,927,036,000 2.21%
Riverview Bancorp, Inc.
2,602.34%
1,726,256
$6,887,761,000 2.19%
Eagle Bancorp Mont Inc
1,172.22%
514,765
$6,830,932,000 2.17%
Virginia Natl Bankshares Cor
Closed
169,129
$6,199,559,000
Choiceone Finl Svcs Inc
Closed
191,459
$5,552,311,000
First Cmnty Corp S C
42.46%
310,573
$5,357,384,000 1.71%
Oak Vy Bancorp Oakdale Calif
Closed
197,783
$4,479,785,000
Finward Bancorp
52.83%
178,999
$4,389,055,000 1.40%
MainStreet Bancshares Inc
Closed
153,174
$4,208,373,000
Middlefield Banc Corp.
Closed
107,399
$2,942,733,000
HomeStreet Inc
Opened
256,505
$2,924,157,000 0.93%
Bv Finl Inc
Opened
217,453
$2,589,865,000 0.82%
Bank Marin Bancorp
Opened
103,928
$1,682,594,000 0.54%
First Svgs Finl Group Inc
51.59%
80,642
$1,434,621,000 0.46%
Hmn Finl Inc
Closed
64,804
$1,382,663,000
Carter Bankshares Inc
Opened
89,916
$1,359,530,000 0.43%
Provident Finl Svcs Inc
Opened
82,000
$1,176,700,000 0.37%
M & T Bk Corp
Closed
8,100
$1,174,986,000
Western New Eng Bancorp Inc
53.12%
162,910
$1,120,821,000 0.36%
Bank Princeton New Jersey
Closed
32,731
$1,038,227,000
Comerica, Inc.
Closed
15,100
$1,009,435,000
Zions Bancorporation N.A
Closed
20,208
$993,425,000
Keycorp
Closed
50,100
$872,742,000
Truist Finl Corp
Closed
20,100
$864,903,000
Mid Penn Bancorp, Inc.
Opened
39,313
$862,920,000 0.27%
Wells Fargo Co New
Closed
20,110
$830,342,000
Old Point Finl Corp
Opened
56,321
$826,229,000 0.26%
Bank Of The James Finl Gp In
Opened
72,928
$821,169,000 0.26%
Linkbancorp Inc
Opened
132,952
$813,666,000 0.26%
FNCB Bancorp Inc
Closed
96,655
$793,538,000
Citizens Finl Group Inc
Closed
20,100
$791,337,000
Civista Bancshares Inc
Opened
49,113
$760,760,000 0.24%
Primis Financial Corp
2.75%
66,539
$697,329,000 0.22%
Blue Ridge Bankshares Inc Va
74.77%
260,477
$679,845,000 0.22%
Pathfinder Bancorp Inc Md
Opened
47,117
$621,473,000 0.20%
Citizens Finl Svcs Inc
75.65%
13,493
$606,375,000 0.19%
Western Alliance Bancorp
Opened
9,100
$571,662,000 0.18%
Midwestone Finl Group Inc Ne
Opened
25,100
$564,499,000 0.18%
Columbia Bkg Sys Inc
Opened
28,100
$558,909,000 0.18%
Bank Ozk Little Rock Ark
Opened
13,339
$546,899,000 0.17%
Webster Finl Corp
Opened
12,268
$534,762,000 0.17%
Capital Bancorp Inc Md
Opened
25,193
$516,457,000 0.16%
Northfield Bancorp Inc
Opened
54,000
$511,920,000 0.16%
Oceanfirst Finl Corp
Opened
31,970
$508,003,000 0.16%
Parke Bancorp Inc
Opened
24,113
$419,566,000 0.13%
United Sec Bancshares Calif
Opened
41,389
$300,070,000 0.10%
Ponce Financial Group Inc
Closed
23,330
$217,436,000
Sierra Bancorp
Closed
10,000
$213,000,000
No transactions found
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