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PL CAPITAL ADVISORS, LLC
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NAPLES FL
Investment Advisor
Hedge Fund
Activist Investor
PL Capital Advisors is based out of Naples. PL Capital Advisors is a hedge fund with 4 clients and discretionary assets under management (AUM) of $304,853,451 (Form ADV from 2024-03-20). Their last reported 13F filing for Q1 2025 included $297,737,431 in managed 13F securities
and a top 10 holdings concentration of 83.66%. PL Capital Advisors's largest holding is Banc of California Inc with shares held of 3,024,219. Whalewisdom has at least 57 13F filings, 37 13D filings, and 6 13G filings
Business Description
PL Capital Advisors concentrates its investments in publicly-traded bank/thrift equity securities. The firm's principals look for situations where the bank/thrift stock trades at a significant discount to its underlying takeover/franchise value due to inefficient operations or ineffective management, leading to depressed earnings and stock prices.
PL Capital Advisors aims to assist management and/or the board of the bank/thrift to advocate for changes in operations, strategic direction, or management to improve earnings and/or sell the bank/thrift at a premium, eliminating the undervalued situation. The firm also invests in banks and thrifts that its principals believe are well managed.
Investment Strategy
PL Capital Advisors aims for long-term capital appreciation, relative to the risks assumed, by investing in securities of a limited number of publicly traded equity and fixed income securities issued primarily by companies in the banking industry. The investment strategy emphasizes total return, not current income. PL Capital Advisors seeks to identify investment opportunities primarily through its network of industry contacts and knowledge, supported by ongoing fundamental research.
The Funds rely primarily upon its own research, analysis and industry specific knowledge in making investment decisions. The Funds are especially dependent upon PL Capital Advisors’ investment skills and abilities, to a degree perhaps higher than that inherent in managed investment entities generally. Investors in the Funds are substantially dependent upon a highly individualistic investment strategy of PL Capital Advisors and are exposed to both the risks and rewards incident thereto.
Owners
- DWYER, MATTHEW, CHRISTOPHER - CHIEF COMPLIANCE OFFICER
- DAVIS, CATHERINE, ELIZABETH - CHIEF FINANCIAL OFFICER
- PALMER, JOHN, WILLIAM - CO-MANAGING MEMBER
- LASHLEY, RICHARD, J - CO-MANAGING MEMBER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| FISI Financial Institutio | 5.94% |
| ARBV American Riviera Ban | 3.59% |
| FNWD Finward Bancorp | 0.46% |
| INBC Inbankshares Corp | 0.17% |
| CBAF CITBA Financial Corp | 0.16% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| AGNC AGNC Investment Corp | 1.87% |
| NLY Annaly Capital Manag | 0.95% |
| PFS Provident Financial | 0.86% |
| IVR Invesco Mortgage Cap | 0.83% |
| VLY Valley National Banc | 0.31% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| BANC Banc of California I | 14.41% |
| EFSC Enterprise Financial | 12.7% |
| FISI Financial Institutio | 10.57% |
| FRME First Merchants Corp | 9.32% |
| EVBN Evans Bancorp Inc | 8.01% |
2025-03-31
13F Activity
| Market Value | $298m, Prior: $293m |
| Inflows (Outflows) as % of Total MV | +5.6551% |
| New Purchases | 4 stocks |
| Added To | 4 stocks |
| Sold out of | 6 stocks |
| Reduced holdings in | 3 stocks |
| Top 10 Holdings % | 83.66% |
| Turnover %[1] | 30.3% |
| Turnover Alt %[2] | 5.08% |
| Time Held Top 20 | 16.7 quarters |
| Time Held Top 10 | 22.1 quarters |
| Time Held All | 19.52 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31