River Oaks Capital 13F annual report
River Oaks Capital is an investment fund managing more than $67.9 billion ran by David Welch. There are currently 46 companies in Mr. Welch’s portfolio. The largest investments include Old Second Bancorp Ill and Plumas Bancorp, together worth $8.84 billion.
$67.9 billion Assets Under Management (AUM)
As of 20th October 2023, River Oaks Capital’s top holding is 381,100 shares of Old Second Bancorp Ill currently worth over $5.19 billion and making up 7.6% of the portfolio value.
In addition, the fund holds 107,121 shares of Plumas Bancorp worth $3.66 billion, whose value fell 8.3% in the past six months.
The third-largest holding is Orrstown Finl Svcs worth $3.25 billion and the next is Webster Finl worth $3.2 billion, with 79,500 shares owned.
Currently, River Oaks Capital's portfolio is worth at least $67.9 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 River Oaks Capital
The River Oaks Capital office and employees reside in Wayzata, Minnesota. According to the last 13-F report filed with the SEC, David Welch serves as the Principal at River Oaks Capital.
Recent trades
In the most recent 13F filing, River Oaks Capital revealed that it had increased its stake in
Webster Finl and bought 4,100 additional shares worth around .
On the other hand, there are companies that River Oaks Capital is getting rid of from its portfolio.
River Oaks Capital closed its position in Oceanfirst Finl on 27th October 2023.
It sold the previously owned 4,000 shares for $62.5 million.
David Welch also disclosed a decreased stake in Old Second Bancorp Ill by approximately 0.1%.
This leaves the value of the investment at $5.19 billion and 381,100 shares.
One of the smallest hedge funds
The two most similar investment funds to River Oaks Capital are Autonomy Capital (jersey) L.P. and Trustees Of Columbia University In The City Of New York. They manage $67.8 billion and $68.2 billion respectively.
David Welch investment strategy
River Oaks Capital’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Finance — making up 33.4% of
the total portfolio value.
The fund focuses on investments in the United States as
41.3% 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 $2.25 billion.
The complete list of River Oaks Capital trades based on 13F SEC filings
These positions were updated on October 27th 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 |
|---|---|---|---|
| Old Second Bancorp Ill |
0.37%
381,100
|
$5,186,771,000 | 7.64% |
| Plumas Bancorp. |
2.36%
107,121
|
$3,657,111,000 | 5.38% |
| Orrstown Finl Svcs |
7.83%
154,500
|
$3,246,045,000 | 4.78% |
| Webster Finl |
5.44%
79,500
|
$3,204,645,000 | 4.72% |
| First Business Finl Svcs W |
2.66%
94,600
|
$2,838,946,000 | 4.18% |
| Peoples Bancorp |
365.96%
109,500
|
$2,779,110,000 | 4.09% |
| SouthState Corporation |
No change
39,200
|
$2,640,512,000 | 3.89% |
| Enterprise Finl Svcs Corp |
No change
69,400
|
$2,602,500,000 | 3.83% |
| Southern First Bancshares In |
1.15%
94,899
|
$2,556,579,000 | 3.76% |
| Uscb Financial Holdings Class A |
No change
234,600
|
$2,465,646,000 | 3.63% |
| Ameris Bancorp |
No change
62,700
|
$2,407,053,000 | 3.54% |
| Meridian Corp |
No change
243,974
|
$2,389,725,000 | 3.52% |
| Financial Instns |
2.43%
139,000
|
$2,339,370,000 | 3.44% |
| Pinnacle Finl Partners Inc |
No change
34,000
|
$2,279,360,000 | 3.36% |
| Unity Bancorp, Inc. |
No change
94,973
|
$2,225,217,000 | 3.28% |
| Capstar Finl Hldgs Inc |
11.54%
138,445
|
$1,964,535,000 | 2.89% |
| First Merchants Corp. |
19.28%
60,500
|
$1,683,110,000 | 2.48% |
| Columbia Bkg Sys |
195.36%
82,700
|
$1,678,810,000 | 2.47% |
| Us Bancorp Del |
0.67%
44,900
|
$1,484,394,000 | 2.19% |
| Byline Bancorp Inc |
No change
73,800
|
$1,454,598,000 | 2.14% |
| Village Bk & Tr Financial Co |
0.31%
31,401
|
$1,431,886,000 | 2.11% |
| East West Bancorp, Inc. |
No change
26,400
|
$1,391,544,000 | 2.05% |
| Western Alliance Bancorp |
No change
28,600
|
$1,314,742,000 | 1.94% |
| Citizens Cmnty Bancorp Md |
No change
131,299
|
$1,260,470,000 | 1.86% |
| FS Bancorp Inc |
No change
31,714
|
$935,563,000 | 1.38% |
| Bancorp Del |
No change
25,400
|
$876,300,000 | 1.29% |
| Southern Calif Bancorp |
No change
60,700
|
$850,407,000 | 1.25% |
| First Natl |
0.00%
48,057
|
$846,284,000 | 1.25% |
| BankUnited Inc |
21.05%
34,500
|
$783,150,000 | 1.15% |
| Coastal Finl Wa |
No change
18,000
|
$772,380,000 | 1.14% |
| Bridgewater Bancshares Inc |
4.50%
80,296
|
$761,206,000 | 1.12% |
| First Intst Bancsystem Cl A |
1.03%
28,700
|
$715,778,000 | 1.05% |
| Townebank Portsmouth VA |
No change
28,800
|
$660,384,000 | 0.97% |
| ConnectOne Bancorp Inc. |
No change
36,600
|
$652,578,000 | 0.96% |
| Summit Financial Group Inc |
80.32%
26,386
|
$594,740,000 | 0.88% |
| Cvb Finl |
3.69%
33,900
|
$561,723,000 | 0.83% |
| United Bankshares West Va |
22.73%
18,700
|
$515,933,000 | 0.76% |
| Truis Finl |
46.29%
15,200
|
$434,872,000 | 0.64% |
| Southern Mo Bancorp Inc |
6.36%
10,769
|
$416,653,000 | 0.61% |
| Bank Hawaii |
No change
7,500
|
$372,675,000 | 0.55% |
| Investar Hldg |
13.52%
20,150
|
$213,389,000 | 0.31% |
| Mid Penn Bancorp, Inc. |
No change
7,600
|
$152,988,000 | 0.23% |
| Cadence Bank |
65.38%
7,200
|
$152,784,000 | 0.22% |
| Veritex Holdings Inc |
46.15%
4,900
|
$87,955,000 | 0.13% |
| Oceanfirst Finl |
Closed
4,000
|
$62,480,000 | |
| Hancock Whitney Corp. |
84.47%
1,600
|
$59,184,000 | 0.09% |
| Peoples Bancorp N C Inc |
No change
700
|
$15,397,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 47 holdings | |||
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