Hedge Fund - Fourthstone LLC

Fourthstone is an SEC-registered investment management firm based in St. Louis, MO, dedicated to leveraging financial sector opportunities. Fourthstone has consistently ranked as a top performer in managing financial sector equities across various alternative investment strategies. With a 14-year history of effectively deploying capital across diverse market sizes and regions, Fourthstone has consistently delivered strong absolute and relative performance. The firm's substantial internal capital underscores its commitment to aligning interests closely with those of its clients.

Founded by Phil and Amy Stone in 2013 in St. Louis, Missouri, Fourthstone LLC specializes in banks, thrifts, and other financial securities. Phil Stone employs a market-timing strategy, adjusting his fund's net exposure through long and short positions to achieve absolute returns in diverse market conditions. Fourthstone adopts a "bottom-up" research methodology for selecting individual stocks and utilizes a "top-down" approach to assess and manage the fund's overall net exposure.

Fourthstone is a prominent hedge fund managing discretionary assets totaling $768,789,037 as of their latest Form ADV filed on March 2024. Their Q1 2024 13F filing reported managing $307,013,289 in 13F securities, with a significant concentration of 66.7% in their top 10 holdings. Notably, Fourthstone's largest position is in Shore Bancshares Inc., where they hold 3,173,506 shares.