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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 | |
|---|---|---|---|---|---|---|
76
UWM Holdings
UWMC
$2.42B
| $4.78M | 0.33% |
+973,632
| New | +$4.27M |
|
|
LBAI
77
DELISTED
Lakeland Bancorp Inc
LBAI
| $4.41M | 0.31% |
281,681
| – | – |
|
78
Customers Bancorp
CUBI
$2.8B
| $4.19M | 0.29% |
226,256
-277,593
| -55% | -$7.57M |
|
79
Assurant
AIZ
$13.9B
| $4.13M | 0.29% |
34,381
| – | – |
|
80
First United
FUNC
$294M
| $4.12M | 0.29% |
244,518
| – | – |
|
|
FRC
81
DELISTED
First Republic Bank
FRC
| $4.05M | 0.28% |
+289,723
| New | +$29.7M |
|
82
Hancock Whitney
HWC
$6.34B
| $4.03M | 0.28% |
110,720
-114,913
| -51% | -$5.36M |
|
83
SouthState Bank Corp
SSB
$10.7B
| $3.77M | 0.26% |
52,944
| – | – |
|
|
COOP
84
DELISTED
Mr. Cooper
COOP
| $3.71M | 0.26% |
+90,650
| New | +$3.98M |
|
|
BBT
85
Beacon Financial Corp
BBT
$2.69B
| $3.7M | 0.26% |
147,794
| – | – |
|
|
MCBC
86
DELISTED
Macatawa Bank Corp
MCBC
| $3.65M | 0.25% |
357,225
-155,987
| -30% | -$1.66M |
|
87
Home BancShares
HOMB
$6.23B
| $3.62M | 0.25% |
166,538
| – | – |
|
88
Ameris Bancorp
ABCB
$5.94B
| $2.99M | 0.21% |
81,689
| – | – |
|
89
Meritage Homes
MTH
$4.75B
| $2.79M | 0.19% |
47,744
-45,136
| -49% | -$2.43M |
|
|
FITB
90
Fifth Third Bancorp
FITB
$52.6B
| $2.49M | 0.17% |
93,607
| – | – |
|
91
Bank7 Corp
BSVN
$495M
| $2.26M | 0.16% |
92,187
-137,736
| -60% | -$3.78M |
|
92
PCB Bancorp
PCB
$395M
| $2.12M | 0.15% |
146,292
| – | – |
|
93
Global Payments
GPN
$23.4B
| $1.83M | 0.13% |
17,408
| – | – |
|
94
WesBanco
WSBC
$4.07B
| $1.81M | 0.13% |
58,859
| – | – |
|
95
Chemung Financial Corp
CHMG
$401M
| $1.79M | 0.12% |
43,140
-108,836
| -72% | -$5.22M |
|
|
CVII
96
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
| $1.55M | 0.11% |
152,973
| – | – |
|
|
97
Eagle Bancorp
EGBN
$877M
| $1.54M | 0.11% |
46,012
-198,344
| -81% | -$8.48M |
|
|
CCVI
98
DELISTED
Churchill Capital Corp VI
CCVI
| $1.47M | 0.1% |
145,846
| – | – |
|
99
Pathfinder Bancorp
PBHC
$102M
| $1.2M | 0.08% |
69,606
-10,056
| -13% | -$188K |
|
100
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
| $1.05M | 0.07% |
+9,838
| New | +$1.03M |
|
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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.