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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
Cap. Flow
+$281M
Cap. Flow %
19.61%
Top 10 Hldgs %
38.22%
Holding
131
New
14
Increased
31
Reduced
26
Closed
22

Top Buys

Rank Stock Value
1
TCBI icon
Texas Capital Bancshares
TCBI
+$82.3M
2
FRC
First Republic Bank
FRC
+$29.7M
3
BAC icon
Bank of America
BAC
+$29.2M
4
WBS icon
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
ONB icon
Old National Bancorp
ONB
+$11.9M
4
SNV
Synovus
SNV
+$8.78M
5
EGBN icon
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
TCBI icon
1
Texas Capital Bancshares
TCBI
$4.32B
$101M 7.05%
2,067,359
+1,340,025
+184% +$82.3M
WBS icon
2
Webster Financial
WBS
$12.8B
$63.3M 4.41%
1,605,188
+478,452
+42% +$23M
JPM icon
3
JPMorgan Chase
JPM
$950B
$61.2M 4.26%
469,496
– –
BAC icon
4
Bank of America
BAC
$442B
$58.5M 4.08%
2,046,834
+883,601
+76% +$29.2M
COF icon
5
Capital One
COF
$134B
$47.1M 3.28%
489,463
+140,872
+40% +$14.7M
WFC icon
6
Wells Fargo
WFC
$264B
$46.4M 3.24%
1,242,286
+271,848
+28% +$11.8M
DCOM icon
7
Dime Commercial Bancshares
DCOM
$1.78B
$46.1M 3.22%
2,030,333
-214,340
-10% -$6.32M
LEN icon
8
Lennar Class A
LEN
$21.2B
$44.7M 3.11%
438,848
-11,611
-3% -$1.12M
USB icon
9
US Bancorp
USB
$99.6B
$41.5M 2.89%
1,152,063
– –
OMF icon
10
OneMain Financial
OMF
$7.47B
$38.4M 2.67%
1,034,852
+371,346
+56% +$14.9M
MS icon
11
Morgan Stanley
MS
$340B
$32.4M 2.26%
369,259
– –
PFSI icon
12
PennyMac Financial
PFSI
$4.02B
$32M 2.23%
537,262
+202,488
+60% +$12.5M
FNB icon
13
FNB Corp
FNB
$6.75B
$27.5M 1.92%
2,373,193
-21,861
-0.9% -$292K
FCNCA icon
14
First Citizens BancShares
FCNCA
$25.3B
$27.3M 1.91%
28,089
+13,061
+87% +$9.7M
APO icon
15
Apollo Global Management
APO
$73.4B
$23.8M 1.66%
376,433
+21,203
+6% +$1.42M
ESQ icon
16
Esquire Financial Holdings
ESQ
$1.14B
$23M 1.6%
588,071
-55,417
-9% -$2.34M
RM icon
17
Regional Management Corp
RM
$303M
$22.8M 1.59%
873,235
– –
CCS icon
18
Century Communities
CCS
$2.03B
$20.6M 1.44%
322,564
+105,185
+48% +$6.27M
CFG icon
19
Citizens Financial Group
CFG
$30.6B
$20.5M 1.43%
675,454
+291,374
+76% +$11.4M
MBIN icon
20
Merchants Bancorp
MBIN
$2.49B
$19.1M 1.33%
733,174
+15,412
+2% +$427K
BPOP icon
21
Popular Inc
BPOP
$11.1B
$18.1M 1.26%
314,594
+105,541
+50% +$6.87M
BLK icon
22
Blackrock
BLK
$176B
$17.4M 1.21%
25,992
+17,031
+190% +$12M
VOYA icon
23
Voya Financial
VOYA
$9.19B
$17.1M 1.19%
+239,866
New +$16.8M
AX icon
24
Axos Financial
AX
$5.68B
$15.8M 1.1%
427,179
-40,442
-9% -$1.74M
MHO icon
25
M/I Homes
MHO
$3.84B
$15.7M 1.09%
248,920
+31,579
+15% +$1.82M
1
2 3 4 5

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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.