North Reef Capital Management LP
North Reef Capital Management LP is a hedge fund and investment adviser based in Laguna Beach, California. Established in August 2020 as a Delaware limited partnership, the firm primarily serves institutional investors and high net worth individuals. It employs a small team of around 6 employees, with principal leadership by James H. Hanna, III. The firm manages portfolios and reports quarterly holdings as required by the SEC.
Investment Strategy
North Reef Capital Management LP employs a long/short equity strategy, focusing primarily on US public equities—including financials, regionals, and select growth opportunities. The firm frequently rebalances its portfolio, holding approximately 40-50 positions, with a significant concentration in a handful of top holdings. Their investment approach involves active management, value identification, and risk adjustment to seek asymmetric risk/reward across their core sectors.
Top Holdings
Equity Positions (39)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
F FHN | FIRST HORIZON CORPORATION | 11.82% | $266.6M | 12,575,000 | $12.93 | $21.20 | +$26.3M |
C CMA | COMERICA INC | 11.04% | $249.0M | 4,175,000 | $53.27 | $59.65 | +$5.0M |
S SNV | SYNOVUS FINL CORP | 8.20% | $185.0M | 3,575,000 | $41.39 | $51.75 | +$72.9M |
S SBCF | SEACOAST BKG CORP FLA | 7.04% | $158.8M | 5,750,000 | $26.58 | $27.62 | +$24.4M |
T TCBI | TEXAS CAP BANCSHARES INC | 6.99% | $157.6M | 1,984,977 | $67.46 | $79.40 | -$175.9K |