Q2 2026 13F · SEC CIK 1767803

Fourthstone LLC

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $140.5M
Reported positions: 25
Top holdings a year, 3 yrs: +23.4%
Assets under management: $1.2B

Fourthstone LLC is a hedge fund that reported 25 positions worth $140.5M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Avidbank Hldgs Inc (AVBH, 16.5%), First Northn Cmnty Bancorp (FNRN, 14.7%), Eagle Finl Svcs Inc (EFSI, 8.5%). A portfolio copying its top holdings returned 23.4% a year over the last 3 years, against 22.3% for the S&P 500.

Fourthstone LLC holdings all 25 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Fourthstone LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AVBHAvidbank Hldgs Inc	16.5%	5.1%	700,818	-33.0%	$23.1M
FNRNFirst Northn Cmnty Bancorp	14.7%	—	1,150,060	—	$20.6M
EFSIEagle Finl Svcs Inc	8.5%	3.2%	287,575	-46.0%	$11.9M
MRBKMeridian Corp	7.7%	3.8%	538,390	-54.2%	$10.8M
FNWBFirst Northwest Bancorp	7.1%	1.4%	925,038	+0.1%	$10.0M
ISTRInvestar Holding Corp	6.9%	3.8%	322,428	-61.0%	$9.7M
BOTJBank of the James Finl Gp in	6.1%	1.3%	334,491	-13.2%	$8.6M
PROVProvident Finl Hldgs Inc Com	4.6%	1.0%	369,973	+1.2%	$6.4M
BHRBBurke Herbert Finl Svcs Corp	4.4%	2.6%	84,248	-65.8%	$6.1M
COSOCoastalsouth Bancshares Inc	4.3%	4.6%	225,211	-79.5%	$6.1M
CFBKCf Bankshares Inc	3.7%	3.0%	159,824	-75.0%	$5.3M
FCBMFirst Carolina Financial Services, Inc	3.6%	—	377,228	—	$5.0M
HNVRHanover Bancorp Inc	2.4%	1.9%	144,216	-72.4%	$3.4M
CBANColony Bankcorp Inc	2.4%	7.0%	166,465	-91.9%	$3.3M
WSBFWaterstone Financial Inc	1.5%	0.9%	98,910	-66.0%	$2.1M
BPRNPrinceton Bancorp Inc	1.4%	0.2%	53,218	+25.3%	$2.0M
MNSBMainstreet Bancshares Inc	0.8%	1.4%	47,432	-87.7%	$1.2M
BCBPBcb Bancorp Inc	0.8%	—	100,903	—	$1.1M
RVSBRiverview Bancorp Inc	0.7%	—	169,041	—	$918K
FNWDFinward Bancorp	0.5%	—	20,976	—	$771K
ATLOAmes National	0.4%	3.3%	16,768	-97.5%	$543K
AUBNAuburn Natl Bancorp	0.3%	—	17,806	—	$481K
TCBSTexas Community Bancshares I	0.3%	—	20,894	—	$370K
VABKVirginia Natl Bk Chrlotsvle	0.2%	—	7,374	—	$327K
CBFVCb Finl Svcs Inc	0.2%	—	8,083	—	$311K

What Fourthstone LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +30.0% /yr; S&P 500 +11.7%
3 years: +23.4% /yr; S&P 500 +22.3%
5 years: +4.4% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F 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

Questions about Fourthstone LLC's portfolio

What stocks does Fourthstone LLC own?

Fourthstone LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 25 positions worth $140.5M. The largest are Avidbank Hldgs Inc (AVBH) at 16.5%, First Northn Cmnty Bancorp (FNRN) at 14.7%, Eagle Finl Svcs Inc (EFSI) at 8.5%, Meridian Corp (MRBK) at 7.7% and First Northwest Bancorp (FNWB) at 7.1%.

What did Fourthstone LLC buy last quarter?

In Q2 2026, Fourthstone LLC added Princeton Bancorp Inc (BPRN) (+25.3% shares), compared with its Q1 2026 filing.

What did Fourthstone LLC sell last quarter?

In Q2 2026, Fourthstone LLC sold all of Carter Bankshares Inc (CARE), sold all of Community West Bancshares (CWBC), sold all of First Natl Corp Va (FXNC), sold all of Parke Bancorp Inc (PKBK), sold all of Fvcbankcorp Inc (FVCB), Ames National (ATLO) (-97.5% shares), Colony Bankcorp Inc (CBAN) (-91.9% shares) and Mainstreet Bancshares Inc (MNSB) (-87.7% shares), compared with its Q1 2026 filing.

How has Fourthstone LLC's portfolio performed?

A portfolio copying Fourthstone LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +23.4% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +30.0% against +11.7%. Over 5 years: +4.4% a year against +10.6%.

When is Fourthstone LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Fourthstone LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Fourthstone LLC manage?

Fourthstone LLC reported $1.2B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $140.5M.