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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
+0.65%
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
$1.17B
AUM Growth
-$123M
(-9.5%)
Cap. Flow
-$126M
Cap. Flow
% of AUM
-10.79%
Top 10 Holdings %
Top 10 Hldgs %
21.84%
Holding
205
New
16
Increased
55
Reduced
75
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$32.9M |
| 2 |
Forestar Group
FOR
|
+$16M |
| 3 |
Alerus Financial
ALRS
|
+$11.7M |
| 4 |
Evercore
EVR
|
+$8.75M |
| 5 |
Apollo Global Management
APO
|
+$8.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TCF
TCF Financial Corporation
TCF
|
+$28.7M |
| 2 |
Capital One
COF
|
+$13.1M |
| 3 |
UBNK
United Financial Bancorp, Inc.
UBNK
|
+$11.7M |
| 4 |
Goldman Sachs
GS
|
+$11.4M |
| 5 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$9.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 84.42% |
| 2 | Consumer Discretionary | 3.74% |
| 3 | Real Estate | 2.62% |
| 4 | Technology | 1.71% |
| 5 | Industrials | 0.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lennar Class B
LEN.B
$20B
| $34.6M | 2.96% |
820,560
-52,600
| -6% | -$2M |
|
2
Citigroup
C
$222B
| $34.4M | 2.94% |
497,500
-26,000
| -5% | -$1.77M |
|
|
TCF
3
DELISTED
TCF Financial Corporation Common Stock
TCF
| $31.5M | 2.7% |
+827,704
| New | +$32.9M |
|
4
Morgan Stanley
MS
$337B
| $28.4M | 2.43% |
666,300
+20,100
| +3% | +$859K |
|
5
Zions Bancorporation
ZION
$10.1B
| $28M | 2.4% |
630,036
-113,425
| -15% | -$4.9M |
|
6
Ameris Bancorp
ABCB
$5.89B
| $23M | 1.97% |
570,939
-54,152
| -9% | -$2.04M |
|
7
KeyCorp
KEY
$24.3B
| $20.9M | 1.79% |
1,173,981
-194,489
| -14% | -$3.36M |
|
|
STL
8
DELISTED
Sterling Bancorp
STL
| $19M | 1.62% |
945,119
-154,947
| -14% | -$3.14M |
|
9
First Financial Bancorp
FFBC
$3.55B
| $18.1M | 1.54% |
737,561
-27,531
| -4% | -$664K |
|
|
10
Forestar Group
FOR
$1.44B
| $17.5M | 1.49% |
955,749
+818,576
| +597% | +$16M |
|
|
CSFL
11
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $16.7M | 1.43% |
695,000
-414,187
| -37% | -$9.67M |
|
12
First Hawaiian
FHB
$3.42B
| $16.6M | 1.42% |
620,000
+83,000
| +15% | +$2.15M |
|
13
Ares Management
ARES
$28.5B
| $16.2M | 1.39% |
604,798
-48,602
| -7% | -$1.39M |
|
|
FITB
14
Fifth Third Bancorp
FITB
$52B
| $16.1M | 1.38% |
589,416
-117,037
| -17% | -$3.21M |
|
15
Independent Bank Corp
IBCP
$776M
| $16M | 1.37% |
749,517
-150,617
| -17% | -$3.14M |
|
16
Bankunited
BKU
$3.38B
| $15.8M | 1.35% |
470,047
-29,973
| -6% | -$979K |
|
|
HONE
17
DELISTED
HarborOne Bancorp
HONE
| $15.3M | 1.31% |
1,520,000
+367,493
| +32% | +$3.79M |
|
|
ESSA
18
DELISTED
ESSA Bancorp
ESSA
| $15.1M | 1.3% |
922,322
-20,200
| -2% | -$310K |
|
|
BPFH
19
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $14.5M | 1.24% |
1,240,068
+237,840
| +24% | +$2.68M |
|
20
Regions Financial
RF
$26.3B
| $14.2M | 1.22% |
900,152
-90,094
| -9% | -$1.36M |
|
|
UCFC
21
DELISTED
United Community Financial Corp
UCFC
| $13.5M | 1.16% |
1,255,739
+69,339
| +6% | +$685K |
|
22
Victory Capital Holdings
VCTR
$6.08B
| $13.5M | 1.16% |
880,000
+158,651
| +22% | +$2.72M |
|
23
Howard Hughes
HHH
$3.93B
| $13.2M | 1.13% |
106,474
-29,896
| -22% | -$3.7M |
|
24
Home BancShares
HOMB
$6.21B
| $13M | 1.12% |
693,884
-140,531
| -17% | -$2.63M |
|
25
Triumph Financial Inc
TFIN
$1.84B
| $12.9M | 1.1% |
404,026
+266,026
| +193% | +$8.02M |
|
Similar funds
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MC
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MCA
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PWMG
Maltese Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Maltese Capital Management held 205 positions worth $1.17B, down 9.5% from $1.29B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Maltese Capital Management withdrew a net $126M in Q3 2019, closing 29 positions and reducing 75 holdings. Its most notable exit was TCF Financial Corporation, an estimated $28.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 84% of assets, up from 84% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Maltese Capital Management opened a new position in TCF Financial Corporation Common Stock worth $31.5M.
- Maltese Capital Management's largest Q3 2019 buy was TCF Financial Corporation Common Stock: 827,704 shares worth $31.5M.
- Maltese Capital Management added most to Forestar Group in Q3 2019, an estimated $16M increase.
- Maltese Capital Management's biggest Q3 2019 reduction was United Financial Bancorp, Inc., cutting an estimated $11.7M.
- Maltese Capital Management fully exited TCF Financial Corporation in Q3 2019, selling an estimated $28.7M.
- Maltese Capital Management's ten largest holdings make up 22% of its $1.17B portfolio in Q3 2019.
- Maltese Capital Management opened 16 new positions and closed 29 in Q3 2019.
- Maltese Capital Management's portfolio value fell 9.5% quarter-over-quarter to $1.17B.
Based on Maltese Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.