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MCM
Maltese Capital Management Portfolio holdings
AUM
$508M
1-Year Est. Return
21.31%
This Fund
S&P 500
This Quarter
Est. Return
-2.98%
1 Year Est. Return
+21.31%
3 Year Est. Return
+85.51%
5 Year Est. Return
+66.69%
10 Year Est. Return
+260.06%
AUM
$589M
AUM Growth
-$155M
(-21%)
Cap. Flow
-$127M
Cap. Flow
% of AUM
-21.52%
Top 10 Holdings %
Top 10 Hldgs %
23.6%
Holding
183
New
19
Increased
31
Reduced
88
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$6.78M |
| 2 |
QCR Holdings
QCRH
|
+$4.65M |
| 3 |
Hilltop Holdings
HTH
|
+$3.6M |
| 4 |
International Bancshares
IBOC
|
+$3.36M |
| 5 |
JPMorgan Chase
JPM
|
+$3.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBTX
Independent Bank Group, Inc.
IBTX
|
+$16.8M |
| 2 |
BancFirst
BANF
|
+$10.7M |
| 3 |
Bankunited
BKU
|
+$9.73M |
| 4 |
Citigroup
C
|
+$8.96M |
| 5 |
SASR
Sandy Spring Bancorp Inc
SASR
|
+$7.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 83.22% |
| 2 | Consumer Discretionary | 5.27% |
| 3 | Real Estate | 2.03% |
| 4 | Technology | 1.09% |
| 5 | Industrials | 0.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Plumas Bancorp
PLBC
$429M
| $714K | 0.12% |
36,270
-20,524
| -36% | -$427K |
|
127
Hope Bancorp
HOPE
$1.79B
| $711K | 0.12% |
93,716
-84,084
| -47% | -$703K |
|
128
Western Alliance Bancorporation
WAL
$8.87B
| $634K | 0.11% |
+20,057
| New | +$714K |
|
|
FFIC
129
DELISTED
Flushing Financial
FFIC
| $616K | 0.1% |
58,600
-15,300
| -21% | -$174K |
|
130
Cullen/Frost Bankers
CFR
$10.2B
| $595K | 0.1% |
+9,300
| New | +$652K |
|
131
Provident Financial Services
PFS
$3.19B
| $512K | 0.09% |
41,957
+18,788
| +81% | +$253K |
|
132
Dime Commercial Bancshares
DCOM
$1.78B
| $492K | 0.08% |
28,200
-1,400
| -5% | -$26.9K |
|
133
Alerus Financial
ALRS
$828M
| $472K | 0.08% |
24,085
-155,915
| -87% | -$3.16M |
|
134
Bogota Financial
BSBK
$111M
| $457K | 0.08% |
60,000
-20,000
| -25% | -$155K |
|
135
Capital One
COF
$134B
| $359K | 0.06% |
5,000
-46,300
| -90% | -$3.1M |
|
136
Kearny Financial
KRNY
$599M
| $324K | 0.06% |
45,000
+10,000
| +29% | +$76.8K |
|
|
BCTF
137
DELISTED
Bancorp 34, Inc. Common Stock
BCTF
| $272K | 0.05% |
28,160
| – | – |
|
138
Willis Lease Finance
WLFC
$1.29B
| $241K | 0.04% |
39,249
| – | – |
|
139
Equity Bancshares
EQBK
$1.05B
| $224K | 0.04% |
+14,450
| New | +$222K |
|
|
ALTA
140
DELISTED
Altabancorp
ALTA
| $201K | 0.03% |
+10,000
| New | +$203K |
|
|
141
BancFirst
BANF
$3.8B
| – | – |
-264,700
| Closed | -$10.7M |
|
|
BNY
142
Bank of New York Mellon
BNY
$107B
| – | – |
-104,500
| Closed | -$4.04M |
|
|
143
Bankunited
BKU
$3.36B
| – | – |
-480,600
| Closed | -$9.73M |
|
144
Citizens Financial Group
CFG
$30.6B
| – | – |
-66,400
| Closed | -$1.68M |
|
145
Cannae Holdings
CNNE
$649M
| – | – |
-67,500
| Closed | -$2.77M |
|
146
First Merchants
FRME
$2.67B
| – | – |
-20,044
| Closed | -$553K |
|
147
First United
FUNC
$289M
| – | – |
-101,800
| Closed | -$1.36M |
|
148
iShares 7-10 Year Treasury Bond ETF
IEF
$47.3B
| – | – |
-20,000
| Closed | -$2.44M |
|
149
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| – | – |
-10,000
| Closed | -$1.43M |
|
150
LPL Financial
LPLA
$28.6B
| – | – |
-28,100
| Closed | -$2.2M |
|
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Maltese Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Maltese Capital Management held 183 positions worth $589M, down 21% from $744M the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Maltese Capital Management withdrew a net $127M in Q3 2020, closing 27 positions and reducing 88 holdings. Its most notable exit was Independent Bank Group, Inc., an estimated $16.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 83% of assets, down from 85% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Maltese Capital Management opened a new position in Hilltop Holdings worth $3.82M.
- Maltese Capital Management's largest Q3 2020 buy was Hilltop Holdings: 185,755 shares worth $3.82M.
- Maltese Capital Management added most to Goldman Sachs in Q3 2020, an estimated $6.78M increase.
- Maltese Capital Management's biggest Q3 2020 reduction was Citigroup, cutting an estimated $8.96M.
- Maltese Capital Management fully exited Independent Bank Group, Inc. in Q3 2020, selling an estimated $16.8M.
- Maltese Capital Management's ten largest holdings make up 24% of its $589M portfolio in Q3 2020.
- Maltese Capital Management opened 19 new positions and closed 27 in Q3 2020.
- Maltese Capital Management's portfolio value fell 21% quarter-over-quarter to $589M.
Based on Maltese Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.