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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
-11.91%
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
$268M
AUM Growth
-$92M
(-26%)
Cap. Flow
-$31.5M
Cap. Flow
% of AUM
-11.77%
Top 10 Holdings %
Top 10 Hldgs %
30.33%
Holding
110
New
8
Increased
13
Reduced
66
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wintrust Financial
WTFC
|
+$5.77M |
| 2 |
National Bank Holdings
NBHC
|
+$4.23M |
| 3 |
Affiliated Managers Group
AMG
|
+$3.95M |
| 4 |
CMA
Comerica
CMA
|
+$3.2M |
| 5 |
First Citizens BancShares
FCNCA
|
+$2.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$5.49M |
| 2 |
Raymond James Financial
RJF
|
+$4.81M |
| 3 |
AAMI
Acadian Asset Management
AAMI
|
+$4.45M |
| 4 |
Independent Bank
INDB
|
+$4.37M |
| 5 |
HTB
HomeTrust Bancshares
HTB
|
+$3.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 89.35% |
| 2 | Consumer Discretionary | 5.99% |
| 3 | Industrials | 0.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lennar Class B
LEN.B
$20B
| $16M | 5.99% |
188,939
-37,241
| -16% | -$2.96M |
|
2
M&T Bank
MTB
$36.2B
| $10.2M | 3.79% |
85,000
-2,500
| -3% | -$363K |
|
|
3
Wintrust Financial
WTFC
$10.7B
| $8.02M | 2.99% |
110,000
+67,500
| +159% | +$5.77M |
|
4
Wells Fargo
WFC
$261B
| $7.94M | 2.96% |
212,500
+32,500
| +18% | +$1.42M |
|
5
Ameris Bancorp
ABCB
$5.89B
| $7.39M | 2.76% |
202,000
-3,600
| -2% | -$162K |
|
6
Webster Financial
WBS
$12.3B
| $6.9M | 2.57% |
175,000
-2,200
| -1% | -$106K |
|
|
7
National Bank Holdings
NBHC
$1.93B
| $6.86M | 2.56% |
205,000
+106,100
| +107% | +$4.23M |
|
8
Preferred Bank
PFBC
$1.22B
| $6.39M | 2.38% |
116,578
-6,822
| -6% | -$461K |
|
9
Esquire Financial Holdings
ESQ
$1.04B
| $5.82M | 2.17% |
148,900
-20,000
| -12% | -$843K |
|
|
10
First Citizens BancShares
FCNCA
$24.6B
| $5.74M | 2.14% |
5,900
+3,800
| +181% | +$2.82M |
|
|
ESSA
11
DELISTED
ESSA Bancorp
ESSA
| $5.74M | 2.14% |
365,000
-43,088
| -11% | -$828K |
|
|
CATC
12
DELISTED
CAMBRIDGE BANCORP
CATC
| $5.73M | 2.14% |
88,400
-127
| -0.1% | -$9.83K |
|
|
AAMI
13
Acadian Asset Management
AAMI
$2.88B
| $5.48M | 2.05% |
232,500
-188,900
| -45% | -$4.45M |
|
14
PNC Financial Services
PNC
$100B
| $5.45M | 2.04% |
42,900
+18,400
| +75% | +$2.77M |
|
15
International Bancshares
IBOC
$4.77B
| $5.34M | 1.99% |
124,700
-18,400
| -13% | -$836K |
|
16
CNB Financial Corp
CCNE
$1.03B
| $5.28M | 1.97% |
275,100
-59,300
| -18% | -$1.36M |
|
17
Primis Financial Corp
FRST
$382M
| $5.07M | 1.89% |
526,500
-8,500
| -2% | -$96.3K |
|
18
Valley National Bancorp
VLY
$7.93B
| $4.76M | 1.78% |
515,000
-164,900
| -24% | -$1.82M |
|
19
East-West Bancorp
EWBC
$17.9B
| $4.57M | 1.71% |
82,400
-27,600
| -25% | -$1.91M |
|
20
USCB Financial Holdings
USCB
$396M
| $4.55M | 1.7% |
459,900
-37,500
| -8% | -$451K |
|
21
Investar Holding Corp
ISTR
$411M
| $4.16M | 1.55% |
298,000
-4,716
| -2% | -$90.9K |
|
22
Enterprise Financial Services Corp
EFSC
$2.41B
| $4.01M | 1.5% |
90,000
-60,000
| -40% | -$3.07M |
|
|
IROQ
23
DELISTED
IF Bancorp
IROQ
| $3.95M | 1.47% |
254,119
-2,826
| -1% | -$48.7K |
|
|
PACWP
24
DELISTED
PacWest Bancorp Depositary Shares Each Representing a 1/40th Interest in a Share of % Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A
PACWP
| $3.85M | 1.44% |
260,217
+50,381
| +24% | +$1.14M |
|
25
SouthState Bank Corp
SSB
$10.3B
| $3.61M | 1.35% |
50,700
+16,500
| +48% | +$1.28M |
|
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Maltese Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Maltese Capital Management held 110 positions worth $268M, down 26% from $360M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Maltese Capital Management withdrew a net $31.5M in Q1 2023, closing 18 positions and reducing 66 holdings. Its most notable exit was Goldman Sachs, an estimated $5.49M position sold in full.
By sector, the portfolio is most concentrated in Financials at 89% of assets, down from 92% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Maltese Capital Management opened a new position in Affiliated Managers Group worth $3.56M.
- Maltese Capital Management's largest Q1 2023 buy was Affiliated Managers Group: 25,000 shares worth $3.56M.
- Maltese Capital Management added most to Wintrust Financial in Q1 2023, an estimated $5.77M increase.
- Maltese Capital Management's biggest Q1 2023 reduction was Acadian Asset Management, cutting an estimated $4.45M.
- Maltese Capital Management fully exited Goldman Sachs in Q1 2023, selling an estimated $5.49M.
- Maltese Capital Management's ten largest holdings make up 30% of its $268M portfolio in Q1 2023.
- Maltese Capital Management opened 8 new positions and closed 18 in Q1 2023.
- Maltese Capital Management's portfolio value fell 26% quarter-over-quarter to $268M.
Based on Maltese Capital Management's 13F filing for Q1 2023, filed 15 May 2023.