On May 15, 2026, North Reef Capital Management disclosed a new position in Trustmark Corporation (NASDAQ:TRMK), acquiring 1,952,930 shares in the first quarter—an estimated $82.37 million trade based on quarterly average pricing.
What happened According to a May 15, 2026, SEC filing, North Reef Capital Management established a new position in Trustmark Corporation (NASDAQ:TRMK) during the first quarter, acquiring 1,952,930 shares
The estimated value of the trade was $82.37 million, based on the average closing price for the quarter. At quarter end, the position was valued at $82.30 million, reflecting both the purchase and market price changes. What else to know – This was a new position for North Reef Capital Management LP, representing 2.8% of its 13F reportable assets under management as of March 31, 2026. – Top holdings after the filing: – NYSE: FHN: $328.96 million (11.3% of AUM) – NASDAQ: MKTX: $309.34 million (10.6% of AUM) – NYSE: ABCB: $266.98 million (9.2% of AUM) – NYSE: KEY: $253.63 million (8.7% of AUM) – NASDAQ: SBCF: $176.44 million (6.1% of AUM) – – As of May 15, 2026, Trustmark shares were priced at $43.10, up 20% over the past year.
Company overview Company snapshot – Trustmark offers a comprehensive suite of financial products and services, including commercial and consumer banking, wealth management, and insurance solutions. – The firm generates revenue primarily through net interest income, fees from banking and wealth management activities, and insurance commissions. – It serves individuals, small- to mid-sized businesses, and institutional clients, with a focus on regional markets in the United States. Trustmark Corporation is a diversified regional financial services provider with a longstanding presence in the U.S. Southeast.