Ategra Capital Management, LLC
Ategra Capital Management, LLC is a hedge fund and SEC-registered investment adviser based in Vienna, Virginia. Established in 2005, the firm manages pooled investment vehicles with total assets under management of approximately $117.3 million as of July 2024. Ategra is managed by a small team, with 6 employees reported, most of whom are investment professionals, and is led by principals Michael Rebibo, Jonathan Holtaway, and Jacques Rebibo. The firm focuses mainly on managing and advising private funds, including the Ategra LS500 LP and Ategra Community Financial Institution Fund LP, serving primarily institutional and accredited investors.
Investment Strategy
ATEGRA CAPITAL MANAGEMENT, LLC specializes in hedge fund management, allocating capital primarily to pooled investment vehicles. The firm's investment approach emphasizes long/short equity strategies, with a historical focus on US community financial institutions and banks. Ategra seeks to leverage industry expertise and fundamental research to identify undervalued opportunities and generate returns for its fund investors. The firm's filings and reported holdings suggest an active, research-driven strategy rooted in financial sector specialization.
Top Holdings
Equity Positions (19)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AX | AXOS FINANCIAL INC | 13.25% | $16.7M | 220,216 | $50.17 | $76.04 | +$1.6M |
T TFC | TRUIST FINL CORP | 12.48% | $15.8M | 366,620 | $33.77 | $42.99 | +$2.3M |
F FISI | FINANCIAL INSTNS INC | 11.63% | $14.7M | 572,075 | $23.44 | $25.68 | +$411.9K |
V VOO | VANGUARD INDEX FDS | 8.19% | $10.4M | 18,224 | $324.81 | $568.03 | -$940.9K |
H HWBK | HAWTHORN BANCSHARES INC | 7.90% | $10.0M | 342,390 | $19.18 | $29.14 | +$311.6K |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
T TFC | TRUIST FINL CORP | Sold | Call | $506.5K | 1,500 | $42.99 | $33.27 | -2,007 | -$1.3M |
S SPY | SPDR S&P 500 ETF TR | New | Put | $45.7K | 180 | $617.85 | $617.85 | +180 | +$45.7K |
R RY | ROYAL BK CDA | Sold | Put | $15.3K | 100 | $131.55 | $112.72 | -612 | -$99.1K |