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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
+6.28%
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
$2.18B
AUM Growth
-$286M
(-12%)
Cap. Flow
-$433M
Cap. Flow
% of AUM
-19.87%
Top 10 Holdings %
Top 10 Hldgs %
34%
Holding
159
New
13
Increased
29
Reduced
63
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$31.2M |
| 2 |
FNB Corp
FNB
|
+$20.5M |
| 3 |
FBC
Flagstar Bancorp, Inc. New
FBC
|
+$18.2M |
| 4 |
STEL
Stellar Bancorp
STEL
|
+$18.1M |
| 5 |
First Busey Corp
BUSE
|
+$17.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Customers Bancorp
CUBI
|
+$58.5M |
| 2 |
AerCap
AER
|
+$54.1M |
| 3 |
OneMain Financial
OMF
|
+$52.9M |
| 4 |
PennyMac Financial
PFSI
|
+$49.7M |
| 5 |
HAPN
Happen Inc
HAPN
|
+$43.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 83.91% |
| 2 | Consumer Discretionary | 9.23% |
| 3 | Industrials | 4.2% |
| 4 | Real Estate | 0.71% |
| 5 | Communication Services | 0.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Dime Commercial Bancshares
DCOM
$1.78B
| $120M | 5.5% |
3,412,088
-104,698
| -3% | -$3.68M |
|
|
STL
2
DELISTED
Sterling Bancorp
STL
| $83.8M | 3.84% |
3,247,710
-402,284
| -11% | -$10.4M |
|
|
3
PennyMac Financial
PFSI
$4.02B
| $81.3M | 3.73% |
1,165,455
-753,360
| -39% | -$49.7M |
|
4
JPMorgan Chase
JPM
$950B
| $77.8M | 3.57% |
491,000
| – | – |
|
|
5
AerCap
AER
$23.8B
| $69.2M | 3.17% |
1,057,897
-874,336
| -45% | -$54.1M |
|
6
Regional Management Corp
RM
$303M
| $67.9M | 3.12% |
1,182,237
-92,907
| -7% | -$5.31M |
|
|
7
OneMain Financial
OMF
$7.47B
| $66.7M | 3.06% |
1,333,280
-1,000,096
| -43% | -$52.9M |
|
8
US Bancorp
USB
$99.6B
| $64.7M | 2.97% |
1,152,063
| – | – |
|
9
Wells Fargo
WFC
$264B
| $57.7M | 2.65% |
1,201,780
+142,374
| +13% | +$7.01M |
|
10
Popular Inc
BPOP
$11.1B
| $52M | 2.39% |
634,380
-65,617
| -9% | -$5.32M |
|
11
Bank of America
BAC
$442B
| $51.8M | 2.37% |
1,163,233
| – | – |
|
|
FBC
12
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $50.7M | 2.32% |
1,056,788
+367,615
| +53% | +$18.2M |
|
|
13
FNB Corp
FNB
$6.75B
| $49M | 2.25% |
4,039,345
+1,693,332
| +72% | +$20.5M |
|
|
14
First Busey Corp
BUSE
$2.56B
| $47.3M | 2.17% |
1,744,866
+659,563
| +61% | +$17.5M |
|
15
Lennar Class A
LEN
$21.2B
| $46.1M | 2.12% |
410,092
-27,222
| -6% | -$2.78M |
|
|
CMA
16
DELISTED
Comerica
CMA
| $43.1M | 1.98% |
495,372
+81,560
| +20% | +$7M |
|
|
TMHC
17
DELISTED
Taylor Morrison
TMHC
| $42.5M | 1.95% |
1,215,701
-485,658
| -29% | -$15.2M |
|
|
18
Ally Financial
ALLY
$13.3B
| $42.3M | 1.94% |
887,580
+629,666
| +244% | +$31.2M |
|
|
SBNY
19
DELISTED
Signature Bank
SBNY
| $42.1M | 1.93% |
130,130
| – | – |
|
20
M/I Homes
MHO
$3.84B
| $38.1M | 1.75% |
612,924
+49,966
| +9% | +$2.99M |
|
21
Perella Weinberg Partners
PWP
$1.3B
| $36.7M | 1.69% |
2,857,118
+83,449
| +3% | +$1.1M |
|
22
Morgan Stanley
MS
$340B
| $36.2M | 1.66% |
369,259
| – | – |
|
23
M&T Bank
MTB
$36.2B
| $35.1M | 1.61% |
228,696
+30,679
| +15% | +$4.71M |
|
24
Esquire Financial Holdings
ESQ
$1.14B
| $33.9M | 1.56% |
1,077,485
+6,893
| +0.6% | +$223K |
|
|
ATH
25
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $32M | 1.47% |
383,883
-105,844
| -22% | -$8.69M |
|
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Basswood Capital Management's Q4 2021 Portfolio in Review
As of Q4 2021, Basswood Capital Management held 159 positions worth $2.18B, down 12% from $2.47B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Basswood Capital Management withdrew a net $433M in Q4 2021, closing 24 positions and reducing 63 holdings. Its most notable exit was Honeywell, an estimated $34.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 84% of assets, up from 80% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Basswood Capital Management opened a new position in Texas Capital Bancshares worth $13.7M.
- Basswood Capital Management's largest Q4 2021 buy was Texas Capital Bancshares: 226,601 shares worth $13.7M.
- Basswood Capital Management added most to Ally Financial in Q4 2021, an estimated $31.2M increase.
- Basswood Capital Management's biggest Q4 2021 reduction was Customers Bancorp, cutting an estimated $58.5M.
- Basswood Capital Management fully exited Honeywell in Q4 2021, selling an estimated $34.6M.
- Basswood Capital Management's ten largest holdings make up 34% of its $2.18B portfolio in Q4 2021.
- Basswood Capital Management opened 13 new positions and closed 24 in Q4 2021.
- Basswood Capital Management's portfolio value fell 12% quarter-over-quarter to $2.18B.
Based on Basswood Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.