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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
KEY icon
101
KeyCorp
KEY
$24.5B
$2.42K ﹤0.01%
262
-73,416
-100% -$766K
AIZ icon
102
Assurant
AIZ
$13.9B
– –
-34,381
Closed -$4.13M
ALLY icon
103
Ally Financial
ALLY
$13.5B
– –
-213,913
Closed -$5.45M
BSVN icon
104
Bank7 Corp
BSVN
$495M
– –
-92,187
Closed -$2.26M
CFG icon
105
Citizens Financial Group
CFG
$31.1B
– –
-675,454
Closed -$20.5M
CG icon
106
Carlyle Group
CG
$17.2B
– –
-480,715
Closed -$14.9M
CHMG icon
107
Chemung Financial Corp
CHMG
$401M
– –
-43,140
Closed -$1.79M
CUBI icon
108
Customers Bancorp
CUBI
$2.8B
– –
-226,256
Closed -$4.19M
GPN icon
109
Global Payments
GPN
$23.4B
– –
-17,408
Closed -$1.83M
PNFP icon
110
Pinnacle Financial Partners Inc
PNFP
$16.1B
– –
-98,134
Closed -$5.41M
PWP icon
111
Perella Weinberg Partners
PWP
$1.28B
– –
-842,033
Closed -$7.66M
SPY icon
112
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-1,729
Closed -$708K
VLY icon
113
Valley National Bancorp
VLY
$8.25B
– –
-961,391
Closed -$8.88M
VRTS icon
114
Virtus Investment Partners
VRTS
$1.12B
– –
-60,381
Closed -$11.5M
ZION icon
115
Zions Bancorporation
ZION
$10.5B
– –
-331,075
Closed -$9.91M
CVII
116
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
– –
-152,973
Closed -$1.55M
CCVI
117
DELISTED
Churchill Capital Corp VI
CCVI
– –
-145,846
Closed -$1.47M
APGB
118
DELISTED
Apollo Strategic Growth Capital II
APGB
– –
-76,938
Closed -$789K
SIVB
119
DELISTED
SVB Financial Group
SIVB
– –
-63,197
Closed -$57.2K
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.