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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
JPM icon
1
JPMorgan Chase
JPM
$950B
$68.3M 5.03%
469,496
– –
WBS icon
2
Webster Financial
WBS
$12.8B
$51.7M 3.81%
1,369,450
-235,738
-15% -$8.7M
LEN icon
3
Lennar Class A
LEN
$21.2B
$50.9M 3.75%
419,329
-19,519
-4% -$2.13M
OMF icon
4
OneMain Financial
OMF
$7.47B
$44.8M 3.3%
1,024,966
-9,886
-1% -$386K
BAC icon
5
Bank of America
BAC
$442B
$38.1M 2.81%
1,328,750
-718,084
-35% -$20.5M
USB icon
6
US Bancorp
USB
$99.6B
$38.1M 2.8%
1,152,063
– –
PFSI icon
7
PennyMac Financial
PFSI
$4.02B
$36.3M 2.67%
516,043
-21,219
-4% -$1.34M
SCHW
8
Charles Schwab
SCHW
$187B
$35.9M 2.65%
633,566
+365,744
+137% +$19.2M
DCOM icon
9
Dime Commercial Bancshares
DCOM
$1.78B
$35.8M 2.64%
2,030,333
– –
WFC icon
10
Wells Fargo
WFC
$264B
$34M 2.5%
796,047
-446,239
-36% -$18M
MS icon
11
Morgan Stanley
MS
$340B
$31.5M 2.32%
369,259
– –
COF icon
12
Capital One
COF
$134B
$30.4M 2.24%
277,999
-211,464
-43% -$21.2M
FCNCA icon
13
First Citizens BancShares
FCNCA
$25.3B
$29.9M 2.21%
23,333
-4,756
-17% -$5.5M
RM icon
14
Regional Management Corp
RM
$303M
$28M 2.06%
918,388
+45,153
+5% +$1.24M
CCS icon
15
Century Communities
CCS
$2.03B
$27.2M 2.01%
355,379
+32,815
+10% +$2.2M
ESQ icon
16
Esquire Financial Holdings
ESQ
$1.14B
$26.6M 1.96%
581,496
-6,575
-1% -$270K
BLK icon
17
Blackrock
BLK
$176B
$26.5M 1.95%
38,346
+12,354
+48% +$8.27M
CMA
18
DELISTED
Comerica
CMA
$25.7M 1.9%
607,610
+337,157
+125% +$13.6M
TCBI icon
19
Texas Capital Bancshares
TCBI
$4.32B
$25.5M 1.88%
495,990
-1,571,369
-76% -$78.4M
APO icon
20
Apollo Global Management
APO
$73.4B
$25.4M 1.87%
330,680
-45,753
-12% -$3.06M
FNB icon
21
FNB Corp
FNB
$6.75B
$24.8M 1.83%
2,166,760
-206,433
-9% -$2.33M
AMP icon
22
Ameriprise Financial
AMP
$48.8B
$24M 1.77%
72,342
+38,907
+116% +$12M
MHO icon
23
M/I Homes
MHO
$3.84B
$23.5M 1.73%
269,494
+20,574
+8% +$1.46M
SNV
24
DELISTED
Synovus
SNV
$22.9M 1.69%
756,450
+467,263
+162% +$13.7M
WAL icon
25
Western Alliance Bancorporation
WAL
$8.87B
$22.6M 1.67%
620,927
+238,255
+62% +$8.26M
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.