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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
+8.17%
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
$1.36B
AUM Growth
-$77.2M
Cap. Flow
-$154M
Cap. Flow %
-11.37%
Top 10 Hldgs %
31.95%
Holding
119
New
10
Increased
24
Reduced
40
Closed
18

Top Buys

Rank Stock Value
1
EWBC icon
East-West Bancorp
EWBC
+$19.7M
2
SCHW
Charles Schwab
SCHW
+$19.2M
3
SNV
Synovus
SNV
+$13.7M
4
CMA
Comerica
CMA
+$13.6M
5
KKR icon
KKR & Co
KKR
+$12.6M

Top Sells

Rank Stock Value
1
TCBI icon
Texas Capital Bancshares
TCBI
+$78.4M
2
COF icon
Capital One
COF
+$21.2M
3
CFG icon
Citizens Financial Group
CFG
+$20.5M
4
BAC icon
Bank of America
BAC
+$20.5M
5
WFC icon
Wells Fargo
WFC
+$18M

Sector Composition

Rank Sector Weight
1 Financials 86.5%
2 Consumer Discretionary 8.59%
3 Real Estate 2.65%
4 Communication Services 0.47%
5 Industrials 0.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTH icon
76
Meritage Homes
MTH
$4.75B
$3.4M 0.25%
47,744
– –
FUNC icon
77
First United
FUNC
$294M
$3.29M 0.24%
230,779
-13,739
-6% -$203K
PGR icon
78
Progressive
PGR
$121B
$3.23M 0.24%
+24,367
New +$3.27M
UPST icon
79
Upstart Holdings
UPST
$2.83B
$3.18M 0.23%
+88,794
New +$2.04M
MCBC
80
DELISTED
Macatawa Bank Corp
MCBC
$3.14M 0.23%
337,915
-19,310
-5% -$179K
BBT
81
Beacon Financial Corp
BBT
$2.69B
$3.06M 0.23%
147,794
– –
ABCB icon
82
Ameris Bancorp
ABCB
$5.94B
$2.79M 0.21%
81,689
– –
FITB
83
Fifth Third Bancorp
FITB
$52.6B
$2.45M 0.18%
93,607
– –
SLG icon
84
SL Green Realty
SLG
$4B
$2.16M 0.16%
+71,906
New +$1.74M
UWMC icon
85
UWM Holdings
UWMC
$2.42B
$1.9M 0.14%
339,590
-634,042
-65% -$3.41M
MCB icon
86
Metropolitan Bank Holding Corp
MCB
$1.17B
$1.69M 0.12%
48,786
-245,771
-83% -$7.39M
MTB icon
87
M&T Bank
MTB
$36.6B
$1.65M 0.12%
13,360
-27,023
-67% -$3.27M
WRLD icon
88
World Acceptance Corp
WRLD
$884M
$1.53M 0.11%
11,430
– –
WSBC icon
89
WesBanco
WSBC
$4.07B
$1.51M 0.11%
58,859
– –
AMAL icon
90
Amalgamated Financial
AMAL
$1.52B
$1.46M 0.11%
90,822
-435,159
-83% -$6.99M
ALRS icon
91
Alerus Financial
ALRS
$843M
$1.08M 0.08%
60,240
– –
EGBN icon
92
Eagle Bancorp
EGBN
$877M
$974K 0.07%
46,012
– –
C icon
93
Citigroup
C
$231B
$917K 0.07%
19,920
– –
PBHC icon
94
Pathfinder Bancorp
PBHC
$102M
$786K 0.06%
54,318
-15,288
-22% -$217K
MDY icon
95
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.2B
$593K 0.04%
+1,238
New +$564K
PCB icon
96
PCB Bancorp
PCB
$395M
$541K 0.04%
36,788
-109,504
-75% -$1.56M
FRC
97
DELISTED
First Republic Bank
FRC
$506K 0.04%
920,236
+630,513
+218% +$7.71M
SASR
98
DELISTED
Sandy Spring Bancorp Inc
SASR
$470K 0.03%
20,707
– –
TLT icon
99
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$418K 0.03%
4,078
-5,760
-59% -$597K
CLST icon
100
Catalyst Bancorp
CLST
$69.6M
$124K 0.01%
11,246
– –
1 2 3
4
5

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Basswood Capital Management's Q2 2023 Portfolio in Review

As of Q2 2023, Basswood Capital Management held 119 positions worth $1.36B, down 5.4% from $1.43B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Basswood Capital Management withdrew a net $154M in Q2 2023, closing 18 positions and reducing 40 holdings. Its most notable exit was Citizens Financial Group, an estimated $20.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 86% of assets, down from 88% a quarter earlier, followed by Consumer Discretionary and Real Estate.

Against the trend, Basswood Capital Management opened a new position in East-West Bancorp worth $20.5M.

  • Basswood Capital Management's largest Q2 2023 buy was East-West Bancorp: 389,027 shares worth $20.5M.
  • Basswood Capital Management added most to Charles Schwab in Q2 2023, an estimated $19.2M increase.
  • Basswood Capital Management's biggest Q2 2023 reduction was Texas Capital Bancshares, cutting an estimated $78.4M.
  • Basswood Capital Management fully exited Citizens Financial Group in Q2 2023, selling an estimated $20.5M.
  • Basswood Capital Management's ten largest holdings make up 32% of its $1.36B portfolio in Q2 2023.
  • Basswood Capital Management opened 10 new positions and closed 18 in Q2 2023.
  • Basswood Capital Management's portfolio value fell 5.4% quarter-over-quarter to $1.36B.

Based on Basswood Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.