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BCM
BHZ Capital Management Portfolio holdings
AUM
$88M
1-Year Est. Return
9.79%
This Fund
S&P 500
This Quarter
Est. Return
+25.36%
1 Year Est. Return
+9.79%
3 Year Est. Return
-3.24%
5 Year Est. Return
+22.77%
10 Year Est. Return
–
AUM
$189M
AUM Growth
+$68.1M
(+56%)
Cap. Flow
-$5.69M
Cap. Flow
% of AUM
-3.01%
Top 10 Holdings %
Top 10 Hldgs %
67.02%
Holding
72
New
7
Increased
23
Reduced
23
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Banc of California
BANC
|
+$4.65M |
| 2 |
First Citizens BancShares
FCNCA
|
+$1.9M |
| 3 |
FLG
Flagstar Bank National Association
FLG
|
+$1.4M |
| 4 |
FFWM
First Foundation Inc
FFWM
|
+$1.19M |
| 5 |
Enterprise Financial Services Corp
EFSC
|
+$606K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PACW
PacWest Bancorp
PACW
|
+$4.61M |
| 2 |
CSTR
CapStar Financial Holdings, Inc
CSTR
|
+$1.78M |
| 3 |
FS Bancorp
FSBW
|
+$1.61M |
| 4 |
Primis Financial Corp
FRST
|
+$1.25M |
| 5 |
Carter Bankshares
CARE
|
+$1.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 56.24% |
| 2 | Miscellaneous | 43.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
| $58.1M | 30.72% |
1,545,000
+620,000
| +67% | +$21.5M |
|
2
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.22B
| $24.6M | 13.03% |
+470,000
| New | +$21M |
|
|
FFWM
3
DELISTED
First Foundation Inc
FFWM
| $7.19M | 3.8% |
742,355
+187,182
| +34% | +$1.19M |
|
|
4
Banc of California
BANC
$3B
| $7.09M | 3.75% |
528,165
+376,625
| +249% | +$4.65M |
|
5
Eagle Bancorp
EGBN
$859M
| $6.41M | 3.39% |
212,651
+14,762
| +7% | +$349K |
|
|
6
First Citizens BancShares
FCNCA
$24.9B
| $6.23M | 3.29% |
4,390
+1,353
| +45% | +$1.9M |
|
|
VBTX
7
DELISTED
Veritex Holdings
VBTX
| $5.37M | 2.84% |
230,902
-22,006
| -9% | -$433K |
|
|
CMA
8
DELISTED
Comerica
CMA
| $4.29M | 2.27% |
76,951
+7,116
| +10% | +$322K |
|
|
FLG
9
Flagstar Bank National Association
FLG
$5.61B
| $3.71M | 1.96% |
120,996
+46,679
| +63% | +$1.4M |
|
10
First Financial Corp
THFF
$944M
| $3.68M | 1.95% |
85,588
-602
| -0.7% | -$22.4K |
|
11
Northeast Community Bancorp
NECB
$374M
| $3.1M | 1.64% |
174,813
| – | – |
|
|
FFIC
12
DELISTED
Flushing Financial
FFIC
| $2.99M | 1.58% |
181,579
-5,714
| -3% | -$79.7K |
|
|
NFBK
13
DELISTED
Northfield Bancorp
NFBK
| $2.95M | 1.56% |
234,429
+45,093
| +24% | +$454K |
|
14
Southern California Bancorp
BCAL
$704M
| $2.8M | 1.48% |
161,367
-23,381
| -13% | -$351K |
|
15
OP Bancorp
OPBK
$231M
| $2.74M | 1.45% |
250,317
-20,848
| -8% | -$191K |
|
16
RBB Bancorp
RBB
$458M
| $2.61M | 1.38% |
137,142
-11,005
| -7% | -$164K |
|
17
Parke Bancorp
PKBK
$407M
| $2.55M | 1.35% |
125,747
| – | – |
|
18
Dime Commercial Bancshares
DCOM
$1.82B
| $2.24M | 1.19% |
83,338
+18,592
| +29% | +$398K |
|
19
Texas Capital Bancshares
TCBI
$4.29B
| $2.24M | 1.18% |
34,619
| – | – |
|
20
First Horizon
FHN
$11.8B
| $2.22M | 1.17% |
156,842
-6,123
| -4% | -$73.7K |
|
21
PCB Bancorp
PCB
$395M
| $1.96M | 1.03% |
106,174
-112
| -0.1% | -$1.81K |
|
22
Third Coast Bancshares
TCBX
$767M
| $1.77M | 0.94% |
89,321
-5,034
| -5% | -$87.3K |
|
|
HTB
23
HomeTrust Bancshares
HTB
$781M
| $1.6M | 0.85% |
59,477
+18,156
| +44% | +$416K |
|
|
24
Primis Financial Corp
FRST
$406M
| $1.55M | 0.82% |
122,417
-128,063
| -51% | -$1.25M |
|
|
CVLY
25
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $1.52M | 0.81% |
59,238
| – | – |
|
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BHZ Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, BHZ Capital Management held 72 positions worth $189M, up 56% from $121M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
BHZ Capital Management withdrew a net $5.69M in Q4 2023, closing 10 positions and reducing 23 holdings. Its most notable exit was PacWest Bancorp, an estimated $4.61M position sold in full.
By sector, the portfolio is most concentrated in Financials at 56% of assets, down from 76% a quarter earlier, followed by Miscellaneous.
Against the trend, BHZ Capital Management opened a new position in Enterprise Financial Services Corp worth $692K.
- BHZ Capital Management's largest Q4 2023 buy was Enterprise Financial Services Corp: 15,503 shares worth $692K.
- BHZ Capital Management added most to Banc of California in Q4 2023, an estimated $4.65M increase.
- BHZ Capital Management's biggest Q4 2023 reduction was FS Bancorp, cutting an estimated $1.61M.
- BHZ Capital Management fully exited PacWest Bancorp in Q4 2023, selling an estimated $4.61M.
- BHZ Capital Management's ten largest holdings make up 67% of its $189M portfolio in Q4 2023.
- BHZ Capital Management opened 7 new positions and closed 10 in Q4 2023.
- BHZ Capital Management's portfolio value rose 56% quarter-over-quarter to $189M.
Based on BHZ Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.