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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
+10.55%
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
$974M
AUM Growth
+$19.8M
(+2.1%)
Cap. Flow
-$71.7M
Cap. Flow
% of AUM
-7.37%
Top 10 Holdings %
Top 10 Hldgs %
23.64%
Holding
198
New
31
Increased
43
Reduced
93
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Homes 4 Rent
AMH
|
+$16.9M |
| 2 |
Morgan Stanley
MS
|
+$8.42M |
| 3 |
American International
AIG
|
+$8.02M |
| 4 |
NMI Holdings
NMIH
|
+$6.96M |
| 5 |
Bankunited
BKU
|
+$6.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wintrust Financial
WTFC
|
+$13.1M |
| 2 |
American Express
AXP
|
+$10.4M |
| 3 |
Simmons First National
SFNC
|
+$9.67M |
| 4 |
DFS
Discover Financial Services
DFS
|
+$9.1M |
| 5 |
AerCap
AER
|
+$8.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 71.37% |
| 2 | Industrials | 2.22% |
| 3 | Real Estate | 2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
STBZ
1
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $40.7M | 4.17% |
2,235,000
-270,000
| -11% | -$4.58M |
|
2
Citigroup
C
$222B
| $32.6M | 3.34% |
625,000
-2,100
| -0.3% | -$106K |
|
3
State Street
STT
$50.9B
| $26.9M | 2.76% |
366,500
+49,600
| +16% | +$3.47M |
|
4
JPMorgan Chase
JPM
$939B
| $21.6M | 2.22% |
369,900
-85,100
| -19% | -$4.66M |
|
5
MetLife
MET
$61B
| $19.6M | 2.01% |
408,071
+123,981
| +44% | +$5.56M |
|
|
6
American International
AIG
$41.9B
| $18.7M | 1.92% |
366,800
+160,900
| +78% | +$8.02M |
|
7
First Citizens BancShares
FCNCA
$24.6B
| $18.4M | 1.88% |
82,431
-28,569
| -26% | -$6.16M |
|
|
8
American Homes 4 Rent
AMH
$12B
| $18M | 1.85% |
1,109,300
+1,050,800
| +1,796% | +$16.9M |
|
9
Lazard
LAZ
$4.37B
| $17.4M | 1.79% |
384,100
-52,300
| -12% | -$2.12M |
|
|
OABC
10
DELISTED
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
| $16.4M | 1.69% |
767,600
-6,000
| -0.8% | -$133K |
|
|
OKSB
11
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $15.9M | 1.64% |
1,001,200
+7,600
| +0.8% | +$120K |
|
|
FNBC
12
DELISTED
First NBC Bank Holding Company
FNBC
| $15.8M | 1.63% |
490,000
-207,100
| -30% | -$5.75M |
|
|
OSG
13
Octave Specialty Group
OSG
$252M
| $14.9M | 1.53% |
605,600
-37,100
| -6% | -$777K |
|
14
PNC Financial Services
PNC
$100B
| $14.9M | 1.53% |
191,500
-36,000
| -16% | -$2.7M |
|
15
Independent Bank Corp
IBCP
$776M
| $13.8M | 1.42% |
1,150,000
-222,500
| -16% | -$2.39M |
|
16
Raymond James Financial
RJF
$32.5B
| $13.6M | 1.39% |
390,000
-103,050
| -21% | -$3.19M |
|
|
FMBI
17
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $13.2M | 1.35% |
751,600
-159,000
| -17% | -$2.69M |
|
|
COBZ
18
DELISTED
CoBiz Financial,Inc
COBZ
| $12.7M | 1.31% |
1,065,500
+36,544
| +4% | +$398K |
|
|
19
AerCap
AER
$23.9B
| $12.5M | 1.28% |
325,000
-342,100
| -51% | -$8.06M |
|
20
BancFirst
BANF
$3.92B
| $12.4M | 1.27% |
442,200
-143,600
| -25% | -$3.97M |
|
|
TBNK
21
DELISTED
Territorial Bancorp Inc.
TBNK
| $12.1M | 1.24% |
522,600
-52,400
| -9% | -$1.2M |
|
|
NOVB
22
DELISTED
NORTH VALLEY BANCORP-COM
NOVB
| $11.5M | 1.18% |
607,700
| – | – |
|
|
23
Morgan Stanley
MS
$337B
| $11.2M | 1.15% |
358,200
+283,200
| +378% | +$8.42M |
|
|
PLMT
24
DELISTED
PALMETTO BANCSHARES, INC. (SC) COMMON STOCK
PLMT
| $10.2M | 1.04% |
783,306
-101,535
| -11% | -$1.32M |
|
25
Preferred Bank
PFBC
$1.22B
| $10.1M | 1.03% |
501,709
-81,491
| -14% | -$1.6M |
|
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MC
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MCA
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PWMG
Maltese Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Maltese Capital Management held 198 positions worth $974M, up 2.1% from $954M the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Maltese Capital Management withdrew a net $71.7M in Q4 2013, closing 27 positions and reducing 93 holdings. Its most notable exit was American Express, an estimated $10.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 71% of assets, up from 70% a quarter earlier, followed by Industrials and Real Estate.
Against the trend, Maltese Capital Management opened a new position in NMI Holdings worth $6.66M.
- Maltese Capital Management's largest Q4 2013 buy was NMI Holdings: 523,000 shares worth $6.66M.
- Maltese Capital Management added most to American Homes 4 Rent in Q4 2013, an estimated $16.9M increase.
- Maltese Capital Management's biggest Q4 2013 reduction was Wintrust Financial, cutting an estimated $13.1M.
- Maltese Capital Management fully exited American Express in Q4 2013, selling an estimated $10.4M.
- Maltese Capital Management's ten largest holdings make up 24% of its $974M portfolio in Q4 2013.
- Maltese Capital Management opened 31 new positions and closed 27 in Q4 2013.
- Maltese Capital Management's portfolio value rose 2.1% quarter-over-quarter to $974M.
Based on Maltese Capital Management's 13F filing for Q4 2013, filed 11 Feb 2014.