# Fourthstone LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1767803. Source: https://holderbook.com/funds/1767803-fourthstone-llc/

- Reported value: $140.5M
- Positions: 25
- Weight of the ten largest: 80.7%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AVIDBANK HLDGS INC | [AVBH](https://holderbook.com/stocks/AVBH/) | $23.1M | 700,818 | 16.5% | 4 |
| FIRST NORTHN CMNTY BANCORP | [FNRN](https://holderbook.com/stocks/FNRN/) | $20.6M | 1,150,060 | 14.7% | 1 |
| EAGLE FINL SVCS INC | [EFSI](https://holderbook.com/stocks/EFSI/) | $11.9M | 287,575 | 8.5% | 6 |
| MERIDIAN CORP | [MRBK](https://holderbook.com/stocks/MRBK/) | $10.8M | 538,390 | 7.7% | 21 |
| FIRST NORTHWEST BANCORP | [FNWB](https://holderbook.com/stocks/FNWB/) | $10.0M | 925,038 | 7.1% | 17 |
| INVESTAR HOLDING CORP | [ISTR](https://holderbook.com/stocks/ISTR/) | $9.7M | 322,428 | 6.9% | 5 |
| BANK OF THE JAMES FINL GP IN | [BOTJ](https://holderbook.com/stocks/BOTJ/) | $8.6M | 334,491 | 6.1% | 13 |
| PROVIDENT FINL HLDGS INC | [PROV](https://holderbook.com/stocks/PROV/) | $6.4M | 369,973 | 4.6% | 8 |
| BURKE HERBERT FINL SVCS CORP | [BHRB](https://holderbook.com/stocks/BHRB/) | $6.1M | 84,248 | 4.4% | 9 |
| COASTALSOUTH BANCSHARES INC | [COSO](https://holderbook.com/stocks/COSO/) | $6.1M | 225,211 | 4.3% | 4 |
| CF BANKSHARES INC | [CFBK](https://holderbook.com/stocks/CFBK/) | $5.3M | 159,824 | 3.7% | 6 |
| FIRST CAROLINA FINL SVCS INC | [FCBM](https://holderbook.com/stocks/FCBM/) | $5.0M | 377,228 | 3.6% | 1 |
| HANOVER BANCORP INC | [HNVR](https://holderbook.com/stocks/HNVR/) | $3.4M | 144,216 | 2.4% | 5 |
| COLONY BANKCORP INC | [CBAN](https://holderbook.com/stocks/CBAN/) | $3.3M | 166,465 | 2.4% | 27 |
| WATERSTONE FINL INC MD | [WSBF](https://holderbook.com/stocks/WSBF/) | $2.1M | 98,910 | 1.5% | 7 |
| PRINCETON BANCORP INC | [BPRN](https://holderbook.com/stocks/BPRN/) | $2.0M | 53,218 | 1.4% | 6 |
| MAINSTREET BANCSHARES INC | [MNSB](https://holderbook.com/stocks/MNSB/) | $1.2M | 47,432 | 0.8% | 8 |
| BCB BANCORP INC | [BCBP](https://holderbook.com/stocks/BCBP/) | $1.1M | 100,903 | 0.8% | 1 |
| RIVERVIEW BANCORP INC | [RVSB](https://holderbook.com/stocks/RVSB/) | $917.9K | 169,041 | 0.7% | 1 |
| FINWARD BANCORP | [FNWD](https://holderbook.com/stocks/FNWD/) | $771.5K | 20,976 | 0.5% | 1 |
| AMES NATL CORP | [ATLO](https://holderbook.com/stocks/ATLO/) | $542.8K | 16,768 | 0.4% | 6 |
| AUBURN NATL BANCORP | [AUBN](https://holderbook.com/stocks/AUBN/) | $481.5K | 17,806 | 0.3% | 1 |
| TEXAS COMMUNITY BANCSHARES I | [TCBS](https://holderbook.com/stocks/TCBS/) | $370.2K | 20,894 | 0.3% | 5 |
| VIRGINIA NATL BK CHRLOTSVLE | [VABK](https://holderbook.com/stocks/VABK/) | $327.3K | 7,374 | 0.2% | 2 |
| CB FINL SVCS INC | [CBFV](https://holderbook.com/stocks/CBFV/) | $311.5K | 8,083 | 0.2% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.9% | +14.8% | -1.0% | 96% |
| Q1 2026 | +5.7% | -4.6% | +10.3% | 100% |
| Q4 2025 | +7.4% | +2.4% | +5.1% | 100% |
| Q3 2025 | +8.2% | +7.8% | +0.4% | 100% |
| Q2 2025 | +2.8% | +10.5% | -7.6% | 100% |
| Q1 2025 | -8.2% | -4.6% | -3.7% | 100% |
| Q4 2024 | +6.9% | +2.1% | +4.8% | 100% |
| Q3 2024 | +16.4% | +5.4% | +10.9% | 90% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $140.5M | 25 |
| Q1 2026 | $590.0M | 62 |
| Q4 2025 | $534.4M | 54 |
| Q3 2025 | $557.6M | 83 |
| Q2 2025 | $509.7M | 98 |
| Q1 2025 | $403.4M | 75 |
| Q4 2024 | $512.1M | 68 |
| Q3 2024 | $448.8M | 66 |
| Q2 2024 | $314.1M | 46 |
| Q1 2024 | $307.0M | 29 |
| Q4 2023 | $493.8M | 65 |
| Q3 2023 | $440.6M | 99 |