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BCM
Basswood Capital Management Portfolio holdings
AUM
$2.12B
1-Year Est. Return
19.53%
This Fund
S&P 500
This Quarter
Est. Return
-7.14%
1 Year Est. Return
+19.53%
3 Year Est. Return
+97.96%
5 Year Est. Return
+81.32%
10 Year Est. Return
+345.86%
AUM
$2.09B
AUM Growth
-$90M
(-4.1%)
Cap. Flow
+$124M
Cap. Flow
% of AUM
5.92%
Top 10 Holdings %
Top 10 Hldgs %
33.99%
Holding
151
New
16
Increased
34
Reduced
30
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Webster Financial
WBS
|
+$76M |
| 2 |
Western Alliance Bancorporation
WAL
|
+$61M |
| 3 |
Texas Capital Bancshares
TCBI
|
+$43.1M |
| 4 |
Old National Bancorp
ONB
|
+$38.9M |
| 5 |
Customers Bancorp
CUBI
|
+$37.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STL
Sterling Bancorp
STL
|
+$83.8M |
| 2 |
M&T Bank
MTB
|
+$35.6M |
| 3 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$32M |
| 4 |
Federated Hermes
FHI
|
+$28.4M |
| 5 |
PennyMac Financial
PFSI
|
+$25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 90.22% |
| 2 | Consumer Discretionary | 4.36% |
| 3 | Industrials | 1.89% |
| 4 | Real Estate | 0.48% |
| 5 | Communication Services | 0.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Century Communities
CCS
$2B
| $10.1M | 0.48% |
188,072
| – | – |
|
52
First Citizens BancShares
FCNCA
$25.7B
| $10M | 0.48% |
15,028
| – | – |
|
53
Pultegroup
PHM
$24.6B
| $9.92M | 0.47% |
236,814
-303,893
| -56% | -$15.1M |
|
54
Pinnacle Financial Partners Inc
PNFP
$16.1B
| $9.04M | 0.43% |
98,134
| – | – |
|
55
Pathward Financial
CASH
$1.78B
| $8.84M | 0.42% |
+160,961
| New | +$9.14M |
|
|
GHLD
56
DELISTED
Guild Holdings
GHLD
| $8.57M | 0.41% |
835,688
-7,499
| -0.9% | -$93.2K |
|
57
QuinStreet
QNST
$1.19B
| $8.34M | 0.4% |
718,837
+363,850
| +102% | +$4.89M |
|
58
United Bankshares
UBSI
$6.66B
| $8.13M | 0.39% |
233,034
| – | – |
|
59
Carlyle Group
CG
$17.2B
| $7.79M | 0.37% |
159,174
+112,410
| +240% | +$5.38M |
|
60
First Interstate BancSystem
FIBK
$3.67B
| $7.45M | 0.36% |
+202,723
| New | +$7.99M |
|
61
Horizon Bancorp
HBNC
$1.05B
| $7.45M | 0.36% |
399,179
+285,376
| +251% | +$5.92M |
|
|
SSBK
62
DELISTED
Southern States Bancshares
SSBK
| $7.22M | 0.35% |
312,937
-5,960
| -2% | -$125K |
|
63
The Bancorp
TBBK
$2.83B
| $7.12M | 0.34% |
+251,137
| New | +$7.24M |
|
64
Meritage Homes
MTH
$4.75B
| $6.73M | 0.32% |
169,982
-215,364
| -56% | -$10.5M |
|
|
MCBC
65
DELISTED
Macatawa Bank Corp
MCBC
| $6.7M | 0.32% |
743,312
+217,620
| +41% | +$2M |
|
66
Chemung Financial Corp
CHMG
$401M
| $6.59M | 0.32% |
141,193
+14,610
| +12% | +$672K |
|
67
Assurant
AIZ
$13.9B
| $6.25M | 0.3% |
34,381
| – | – |
|
68
Lazard
LAZ
$4.24B
| $6.22M | 0.3% |
180,311
| – | – |
|
69
HBT Financial
HBT
$1.33B
| $5.84M | 0.28% |
321,446
+50,754
| +19% | +$966K |
|
70
Bank of Marin Bancorp
BMRC
$462M
| $5.76M | 0.28% |
+164,307
| New | +$6M |
|
71
KB Home
KBH
$3.42B
| $5.56M | 0.27% |
171,642
-276,744
| -62% | -$10.9M |
|
72
TriCo Bancshares
TCBK
$1.84B
| $5.52M | 0.26% |
137,981
| – | – |
|
73
Allstate
ALL
$64.7B
| $5.45M | 0.26% |
+39,373
| New | +$4.94M |
|
74
First United
FUNC
$294M
| $5.31M | 0.25% |
235,844
+56,252
| +31% | +$1.21M |
|
75
First Bancorp
FBNC
$2.72B
| $5.15M | 0.25% |
123,266
| – | – |
|
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Basswood Capital Management's Q1 2022 Portfolio in Review
As of Q1 2022, Basswood Capital Management held 151 positions worth $2.09B, down 4.1% from $2.18B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Basswood Capital Management deployed $124M of net new capital in Q1 2022, opening 16 new positions and adding to 34 existing holdings. Its largest new stake was Webster Financial: 1,280,641 shares worth $71.9M.
By sector, the portfolio is most concentrated in Financials at 90% of assets, up from 84% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was M&T Bank, an estimated $35.6M trimmed.
- Basswood Capital Management's largest Q1 2022 buy was Webster Financial: 1,280,641 shares worth $71.9M.
- Basswood Capital Management added most to Western Alliance Bancorporation in Q1 2022, an estimated $61M increase.
- Basswood Capital Management's biggest Q1 2022 reduction was M&T Bank, cutting an estimated $35.6M.
- Basswood Capital Management fully exited Sterling Bancorp in Q1 2022, selling an estimated $83.8M.
- Basswood Capital Management's ten largest holdings make up 34% of its $2.09B portfolio in Q1 2022.
- Basswood Capital Management opened 16 new positions and closed 18 in Q1 2022.
- Basswood Capital Management's portfolio value fell 4.1% quarter-over-quarter to $2.09B.
Based on Basswood Capital Management's 13F filing for Q1 2022, filed 16 May 2022.