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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
-6.03%
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
$1.43B
AUM Growth
+$81.7M
(+6%)
Cap. Flow
+$281M
Cap. Flow
% of AUM
19.61%
Top 10 Holdings %
Top 10 Hldgs %
38.22%
Holding
131
New
14
Increased
31
Reduced
26
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Capital Bancshares
TCBI
|
+$82.3M |
| 2 |
FRC
First Republic Bank
FRC
|
+$29.7M |
| 3 |
Bank of America
BAC
|
+$29.2M |
| 4 |
Webster Financial
WBS
|
+$23M |
| 5 |
SIVB
SVB Financial Group
SIVB
|
+$17.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SBNY
Signature Bank
SBNY
|
+$15M |
| 2 |
PACW
PacWest Bancorp
PACW
|
+$13.9M |
| 3 |
Old National Bancorp
ONB
|
+$11.9M |
| 4 |
SNV
Synovus
SNV
|
+$8.78M |
| 5 |
Eagle Bancorp
EGBN
|
+$8.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 88.41% |
| 2 | Consumer Discretionary | 7.44% |
| 3 | Real Estate | 1.44% |
| 4 | Industrials | 0.63% |
| 5 | Communication Services | 0.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Amalgamated Financial
AMAL
$1.52B
| $9.3M | 0.65% |
525,981
-63,971
| -11% | -$1.41M |
|
|
STEL
52
DELISTED
Stellar Bancorp
STEL
| $9.02M | 0.63% |
366,659
-65,940
| -15% | -$1.85M |
|
53
Camden National
CAC
$990M
| $8.96M | 0.62% |
247,699
| – | – |
|
|
SNV
54
DELISTED
Synovus
SNV
| $8.92M | 0.62% |
289,187
-230,550
| -44% | -$8.78M |
|
55
Valley National Bancorp
VLY
$8.25B
| $8.88M | 0.62% |
+961,391
| New | +$10.6M |
|
56
United Bankshares
UBSI
$6.66B
| $8.2M | 0.57% |
233,034
| – | – |
|
57
Blackstone
BX
$110B
| $7.89M | 0.55% |
89,855
+443
| +0.5% | +$39.1K |
|
58
Perella Weinberg Partners
PWP
$1.28B
| $7.66M | 0.53% |
+842,033
| New | +$8.41M |
|
59
QuinStreet
QNST
$1.19B
| $7.58M | 0.53% |
477,404
-219,580
| -32% | -$3.47M |
|
|
60
Old National Bancorp
ONB
$10.4B
| $7.38M | 0.51% |
511,657
-705,450
| -58% | -$11.9M |
|
61
AerCap
AER
$23.6B
| $7.21M | 0.5% |
128,166
| – | – |
|
|
GHLD
62
DELISTED
Guild Holdings
GHLD
| $7.11M | 0.5% |
683,654
+7,940
| +1% | +$88.6K |
|
|
TMHC
63
DELISTED
Taylor Morrison
TMHC
| $6.92M | 0.48% |
180,907
| – | – |
|
64
PJT Partners
PJT
$4.36B
| $6.6M | 0.46% |
+91,452
| New | +$7.02M |
|
65
FinWise Bancorp
FINW
$191M
| $6.4M | 0.45% |
726,490
| – | – |
|
|
PACW
66
DELISTED
PacWest Bancorp
PACW
| $6.29M | 0.44% |
646,581
-622,990
| -49% | -$13.9M |
|
67
First Interstate BancSystem
FIBK
$3.67B
| $6.05M | 0.42% |
202,723
| – | – |
|
68
TriCo Bancshares
TCBK
$1.84B
| $5.74M | 0.4% |
137,981
| – | – |
|
69
First Bancorp
FBNC
$2.72B
| $5.54M | 0.39% |
156,067
| – | – |
|
70
Ally Financial
ALLY
$13.5B
| $5.45M | 0.38% |
213,913
-86,983
| -29% | -$2.49M |
|
71
Pinnacle Financial Partners Inc
PNFP
$16.1B
| $5.41M | 0.38% |
98,134
| – | – |
|
72
Parke Bancorp
PKBK
$409M
| $5.06M | 0.35% |
284,787
| – | – |
|
73
Heritage Financial
HFWA
$1.22B
| $4.94M | 0.34% |
230,737
| – | – |
|
74
The Bancorp
TBBK
$2.83B
| $4.91M | 0.34% |
176,314
| – | – |
|
75
M&T Bank
MTB
$36.6B
| $4.83M | 0.34% |
40,383
| – | – |
|
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Basswood Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Basswood Capital Management held 131 positions worth $1.43B, up 6% from $1.35B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Basswood Capital Management deployed $281M of net new capital in Q1 2023, opening 14 new positions and adding to 31 existing holdings. Its largest new stake was First Republic Bank: 289,723 shares worth $4.05M.
By sector, the portfolio is most concentrated in Financials at 88% of assets, down from 89% a quarter earlier, followed by Consumer Discretionary and Real Estate.
On the sell side, the largest reduction was PacWest Bancorp, an estimated $13.9M trimmed.
- Basswood Capital Management's largest Q1 2023 buy was First Republic Bank: 289,723 shares worth $4.05M.
- Basswood Capital Management added most to Texas Capital Bancshares in Q1 2023, an estimated $82.3M increase.
- Basswood Capital Management's biggest Q1 2023 reduction was PacWest Bancorp, cutting an estimated $13.9M.
- Basswood Capital Management fully exited Signature Bank in Q1 2023, selling an estimated $15M.
- Basswood Capital Management's ten largest holdings make up 38% of its $1.43B portfolio in Q1 2023.
- Basswood Capital Management opened 14 new positions and closed 22 in Q1 2023.
- Basswood Capital Management's portfolio value rose 6% quarter-over-quarter to $1.43B.
Based on Basswood Capital Management's 13F filing for Q1 2023, filed 15 May 2023.