Hedge fund North Reef Capital Management increased its Alkami Technology holdings by 5.55 million shares, valuing the addition at $102.21 million.
North Reef Capital Management raised its stake in Alkami Technology (NASDAQ:ALKT) by 5.55 million shares in the first quarter, bringing its total to 7.65 million shares. The purchase, disclosed in an SEC filing dated May 15, 2026, is valued at $102.21 million based on the quarter’s average closing price.
The quarter-end value of North Reef’s Alkami position increased by $71.43 million, reflecting both share additions and price movements. The firm’s Alkami holdings now represent 4.13% of its 13F assets under management. Alkami shares closed at $16.62 on May 14, 2026, down 46% over the past year and trailing the S&P 500 by 73.3 percentage points.
North Reef’s top holdings include First Horizon (NYSE:FHN) at $328.96 million and MarketAxess (NASDAQ:MKTX) at $309.34 million. Alkami provides cloud-based digital banking solutions for U.S. financial institutions.