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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
-15.73%
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
$1.59B
AUM Growth
-$500M
(-24%)
Cap. Flow
-$174M
Cap. Flow
% of AUM
-10.94%
Top 10 Holdings %
Top 10 Hldgs %
33.3%
Holding
147
New
14
Increased
27
Reduced
42
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Capital One
COF
|
+$27.8M |
| 2 |
Axos Financial
AX
|
+$20.7M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$18.3M |
| 4 |
Blackrock
BLK
|
+$17M |
| 5 |
Columbia Banking Systems
COLB
|
+$14.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OneMain Financial
OMF
|
+$27.1M |
| 2 |
FBC
Flagstar Bancorp, Inc. New
FBC
|
+$24.9M |
| 3 |
Radian Group
RDN
|
+$22.1M |
| 4 |
Popular Inc
BPOP
|
+$18.2M |
| 5 |
Wells Fargo
WFC
|
+$16.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 89.17% |
| 2 | Consumer Discretionary | 3.33% |
| 3 | Industrials | 2.01% |
| 4 | Technology | 0.87% |
| 5 | Real Estate | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Dime Commercial Bancshares
DCOM
$1.78B
| $88.8M | 5.58% |
2,994,611
-400,841
| -12% | -$12.7M |
|
2
Webster Financial
WBS
$12.8B
| $64.9M | 4.08% |
1,540,896
+260,255
| +20% | +$12.5M |
|
3
JPMorgan Chase
JPM
$950B
| $55.3M | 3.48% |
491,000
| – | – |
|
4
US Bancorp
USB
$99.6B
| $53M | 3.33% |
1,152,063
| – | – |
|
|
CMA
5
DELISTED
Comerica
CMA
| $50.4M | 3.17% |
686,558
-32,090
| -4% | -$2.59M |
|
|
6
Wells Fargo
WFC
$264B
| $49.7M | 3.13% |
1,269,548
-382,018
| -23% | -$16.8M |
|
7
Western Alliance Bancorporation
WAL
$8.87B
| $45.5M | 2.86% |
644,646
-102,459
| -14% | -$7.84M |
|
8
Regional Management Corp
RM
$303M
| $44.2M | 2.78% |
1,182,405
+2,535
| +0.2% | +$112K |
|
9
Texas Capital Bancshares
TCBI
$4.32B
| $39M | 2.45% |
741,187
-159,639
| -18% | -$8.56M |
|
10
FNB Corp
FNB
$6.75B
| $38.7M | 2.43% |
3,562,503
-1,011,292
| -22% | -$11.8M |
|
|
11
Capital One
COF
$134B
| $38M | 2.39% |
365,120
+227,757
| +166% | +$27.8M |
|
12
Bank of America
BAC
$442B
| $36.2M | 2.28% |
1,163,233
| – | – |
|
13
Customers Bancorp
CUBI
$2.77B
| $35.8M | 2.25% |
1,055,123
+211,732
| +25% | +$8.61M |
|
|
14
OneMain Financial
OMF
$7.47B
| $33.2M | 2.08% |
886,924
-626,916
| -41% | -$27.1M |
|
15
Esquire Financial Holdings
ESQ
$1.14B
| $31.1M | 1.96% |
934,915
-155,115
| -14% | -$5.46M |
|
16
Old National Bancorp
ONB
$10.2B
| $30.9M | 1.94% |
2,091,070
-548,002
| -21% | -$8.44M |
|
17
Ally Financial
ALLY
$13.3B
| $29.9M | 1.88% |
890,884
+192,444
| +28% | +$7.69M |
|
18
Morgan Stanley
MS
$340B
| $28.1M | 1.77% |
369,259
| – | – |
|
19
Lennar Class A
LEN
$21.2B
| $28.1M | 1.77% |
410,838
-53,855
| -12% | -$3.95M |
|
20
First Busey Corp
BUSE
$2.56B
| $28M | 1.76% |
1,225,970
-617,868
| -34% | -$14.4M |
|
21
AerCap
AER
$23.8B
| $27.6M | 1.73% |
673,498
| – | – |
|
|
22
Popular Inc
BPOP
$11.1B
| $26.9M | 1.69% |
349,766
-228,854
| -40% | -$18.2M |
|
|
PACW
23
DELISTED
PacWest Bancorp
PACW
| $23.7M | 1.49% |
888,549
-286,030
| -24% | -$9.25M |
|
|
SBNY
24
DELISTED
Signature Bank
SBNY
| $23.3M | 1.47% |
130,130
| – | – |
|
25
PennyMac Financial
PFSI
$4.02B
| $21.9M | 1.38% |
500,538
-251,375
| -33% | -$11.9M |
|
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Basswood Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Basswood Capital Management held 147 positions worth $1.59B, down 24% from $2.09B the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Basswood Capital Management withdrew a net $174M in Q2 2022, closing 12 positions and reducing 42 holdings. Its most notable exit was Radian Group, an estimated $22.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 89% of assets, down from 90% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Basswood Capital Management opened a new position in Axos Financial worth $19.3M.
- Basswood Capital Management's largest Q2 2022 buy was Axos Financial: 539,421 shares worth $19.3M.
- Basswood Capital Management added most to Capital One in Q2 2022, an estimated $27.8M increase.
- Basswood Capital Management's biggest Q2 2022 reduction was OneMain Financial, cutting an estimated $27.1M.
- Basswood Capital Management fully exited Radian Group in Q2 2022, selling an estimated $22.1M.
- Basswood Capital Management's ten largest holdings make up 33% of its $1.59B portfolio in Q2 2022.
- Basswood Capital Management opened 14 new positions and closed 12 in Q2 2022.
- Basswood Capital Management's portfolio value fell 24% quarter-over-quarter to $1.59B.
Based on Basswood Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.