Basswood Capital Management, L.L.C 13F annual report
Basswood Capital Management, L.L.C is an investment fund managing more than $1.54 trillion ran by Matthew Lindenbaum. There are currently 87 companies in Mr. Lindenbaum’s portfolio. The largest investments include Jpmorgan Chase Co. and Webster Finl Corp, together worth $168 billion.
$1.54 trillion Assets Under Management (AUM)
As of 7th August 2024, Basswood Capital Management, L.L.C’s top holding is 469,496 shares of Jpmorgan Chase Co. currently worth over $95 billion and making up 6.2% of the portfolio value.
In addition, the fund holds 1,683,484 shares of Webster Finl Corp worth $73.4 billion.
The third-largest holding is Lennar worth $60.8 billion and the next is Bank America Corp worth $51.7 billion, with 1,299,227 shares owned.
Currently, Basswood Capital Management, L.L.C's portfolio is worth at least $1.54 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Basswood Capital Management, L.L.C
The Basswood Capital Management, L.L.C office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Matthew Lindenbaum serves as the MANAGING MEMBER at Basswood Capital Management, L.L.C.
Recent trades
In the most recent 13F filing, Basswood Capital Management, L.L.C revealed that it had opened a new position in
Umb Finl Corp and bought 232,881 shares worth $19.4 billion.
The investment fund also strengthened its position in Webster Finl Corp by buying
250,374 additional shares.
This makes their stake in Webster Finl Corp total 1,683,484 shares worth $73.4 billion.
On the other hand, there are companies that Basswood Capital Management, L.L.C is getting rid of from its portfolio.
Basswood Capital Management, L.L.C closed its position in First Amern Finl Corp on 14th August 2024.
It sold the previously owned 270,124 shares for $16.5 billion.
Matthew Lindenbaum also disclosed a decreased stake in Bank America Corp by 0.2%.
This leaves the value of the investment at $51.7 billion and 1,299,227 shares.
One of the largest hedge funds
The two most similar investment funds to Basswood Capital Management, L.L.C are Toms Capital Investment Management L.P. and Efficient Advisors. They manage $1.54 trillion and $1.54 trillion respectively.
Matthew Lindenbaum investment strategy
Basswood Capital Management, L.L.C’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 23.0% of
the total portfolio value.
The fund focuses on investments in the United States as
39.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
9% of the total holdings value.
On the other hand, small-cap stocks make up only 3.4% of the portfolio.
The average market cap of the portfolio companies is close to $13.4 billion.
The complete list of Basswood Capital Management, L.L.C trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Jpmorgan Chase Co. |
No change
469,496
|
$94,960,261,000 | 6.17% |
| Webster Finl Corp |
17.47%
1,683,484
|
$73,383,068,000 | 4.77% |
| Lennar Corp. |
No change
405,933
|
$60,837,179,000 | 3.95% |
| Bank America Corp |
21.92%
1,299,227
|
$51,670,258,000 | 3.36% |
| Us Bancorp Del |
No change
1,152,063
|
$45,736,901,000 | 2.97% |
| OneMain Holdings Inc |
0.60%
917,405
|
$44,484,968,000 | 2.89% |
| Pennymac Finl Svcs Inc New |
3.91%
458,167
|
$43,342,598,000 | 2.82% |
| Dime Cmnty Bancshares Inc |
0.05%
2,033,487
|
$41,483,131,000 | 2.70% |
| First Ctzns Bancshares Inc N |
No change
23,333
|
$39,283,672,000 | 2.55% |
| M/i Homes Inc |
4.74%
309,063
|
$37,748,955,000 | 2.45% |
| Morgan Stanley |
No change
369,259
|
$35,888,282,000 | 2.33% |
| Taylor Morrison Home Corp. |
52.59%
616,882
|
$34,199,938,000 | 2.22% |
| Century Cmntys Inc |
10.20%
389,862
|
$31,836,131,000 | 2.07% |
| Wells Fargo Co New |
10.62%
528,985
|
$31,416,419,000 | 2.04% |
| F.N.B. Corp. |
20.01%
2,176,713
|
$29,777,434,000 | 1.93% |
| Mr. Cooper Group Inc |
10.50%
363,273
|
$29,508,666,000 | 1.92% |
| Citizens Finl Group Inc |
10.81%
817,166
|
$29,442,491,000 | 1.91% |
| Regional Mgmt Corp |
8.17%
1,018,851
|
$29,281,778,000 | 1.90% |
| Synovus Finl Corp |
29.46%
728,184
|
$29,265,715,000 | 1.90% |
| Western Alliance Bancorp |
23.05%
451,917
|
$28,389,426,000 | 1.84% |
| Toll Brothers Inc. |
44.79%
244,769
|
$28,192,493,000 | 1.83% |
| Merchants Bancorp Ind |
12.50%
636,637
|
$25,809,264,000 | 1.68% |
| Apollo Global Mgmt Inc |
No change
208,253
|
$24,588,432,000 | 1.60% |
| Popular Inc. |
11.30%
274,926
|
$24,311,706,000 | 1.58% |
| East West Bancorp, Inc. |
32.52%
316,025
|
$23,142,511,000 | 1.50% |
| Virtus Invt Partners Inc |
66.22%
98,236
|
$22,186,601,000 | 1.44% |
| Synchrony Financial |
30.92%
455,920
|
$21,514,865,000 | 1.40% |
| Ally Finl Inc |
32.89%
540,298
|
$21,433,622,000 | 1.39% |
| Hancock Whitney Corp. |
12.51%
443,801
|
$21,227,002,000 | 1.38% |
| Victory Cap Hldgs Inc |
14.18%
443,075
|
$21,147,970,000 | 1.37% |
| Capital One Finl Corp |
48.42%
151,014
|
$20,907,888,000 | 1.36% |
| Umb Finl Corp |
Opened
232,881
|
$19,426,933,000 | 1.26% |
| Perella Weinberg Partners |
1.67%
1,184,576
|
$19,249,360,000 | 1.25% |
| Schwab Charles Corp |
57.06%
258,504
|
$19,049,160,000 | 1.24% |
| Raymond James Finl Inc |
5.04%
153,827
|
$19,014,555,000 | 1.24% |
| Pnc Finl Svcs Group Inc |
Opened
119,702
|
$18,611,267,000 | 1.21% |
| Ameriprise Finl Inc |
No change
41,930
|
$17,912,077,000 | 1.16% |
| Esquire Finl Hldgs Inc |
0.12%
353,525
|
$16,827,790,000 | 1.09% |
| Affiliated Managers Group In |
18.92%
107,602
|
$16,810,660,000 | 1.09% |
| Regions Financial Corp. |
24.50%
829,720
|
$16,627,589,000 | 1.08% |
| Fidelity National Financial Inc |
No change
334,183
|
$16,515,324,000 | 1.07% |
| First Amern Finl Corp |
Closed
270,124
|
$16,491,070,000 | |
| Evercore Inc |
No change
76,420
|
$15,928,221,000 | 1.03% |
| Lazard Inc. |
15.35%
402,953
|
$15,384,746,000 | 1.00% |
| Pulte Group Inc |
No change
135,730
|
$14,943,873,000 | 0.97% |
| Axos Financial Inc. |
4.12%
258,937
|
$14,798,250,000 | 0.96% |
| Northeast Bk Lewiston Me |
20.36%
229,177
|
$13,947,712,000 | 0.91% |
| QuinStreet Inc |
16.58%
819,867
|
$13,601,594,000 | 0.88% |
| Tri Pointe Homes Inc. |
Closed
339,684
|
$13,132,183,000 | |
| Fg Annuities Life Inc |
Closed
318,352
|
$12,909,174,000 | |
| Texas Cap Bancshares Inc |
Closed
196,347
|
$12,085,158,000 | |
| Blackstone Inc |
Closed
91,358
|
$12,001,700,000 | |
| Kkr Co Inc |
No change
92,926
|
$9,779,532,000 | 0.64% |
| Metropolitan Bk Hldg Corp |
30.30%
219,605
|
$9,243,174,000 | 0.60% |
| Truist Finl Corp |
Closed
233,601
|
$9,105,767,000 | |
| Ishares Tr |
No change
96,154
|
$8,825,014,000 | 0.57% |
| Old Natl Bancorp Ind |
No change
511,657
|
$8,795,384,000 | 0.57% |
| Guild Hldgs Co |
2.86%
584,354
|
$8,642,596,000 | 0.56% |
| Camden Natl Corp |
No change
247,699
|
$8,174,067,000 | 0.53% |
| Voya Financial, Inc. |
Closed
103,560
|
$7,655,155,000 | |
| United Bankshares Inc West V |
No change
233,034
|
$7,559,623,000 | 0.49% |
| Cushman Wakefield Plc |
Opened
722,119
|
$7,510,038,000 | 0.49% |
| KB Home |
No change
103,217
|
$7,243,769,000 | 0.47% |
| Provident Finl Svcs Inc |
Opened
476,688
|
$6,840,473,000 | 0.44% |
| Blackrock Inc. |
No change
8,371
|
$6,590,656,000 | 0.43% |
| Discover Finl Svcs |
59.29%
47,952
|
$6,272,601,000 | 0.41% |
| Bancorp Inc. (The) |
Closed
176,314
|
$5,899,466,000 | |
| Uscb Financial Holdings Inc |
0.34%
448,965
|
$5,760,221,000 | 0.37% |
| Trico Bancshares |
No change
137,981
|
$5,459,908,000 | 0.35% |
| First Intst Bancsystem Inc |
Closed
199,020
|
$5,415,334,000 | |
| Burford Cap Ltd |
3.36%
408,574
|
$5,331,891,000 | 0.35% |
| New York Cmnty Bancorp Inc |
36.61%
1,475,869
|
$4,752,298,000 | 0.31% |
| Comerica, Inc. |
No change
89,972
|
$4,592,171,000 | 0.30% |
| Smith Douglas Homes Corp |
Opened
186,234
|
$4,354,151,000 | 0.28% |
| Meritage Homes Corp. |
Closed
23,872
|
$4,188,581,000 | |
| Heritage Finl Corp Wash |
No change
230,737
|
$4,160,188,000 | 0.27% |
| SouthState Corporation |
No change
52,944
|
$4,045,980,000 | 0.26% |
| Stellar Bancorp Inc |
0.29%
176,066
|
$4,042,475,000 | 0.26% |
| Home Bancshares Inc |
No change
166,538
|
$3,990,250,000 | 0.26% |
| Financial Instns Inc |
Closed
211,112
|
$3,973,128,000 | |
| First Bancorp N C |
No change
123,266
|
$3,934,651,000 | 0.26% |
| Fifth Third Bancorp |
No change
93,607
|
$3,415,719,000 | 0.22% |
| Lakeland Bancorp, Inc. |
Closed
281,681
|
$3,408,340,000 | |
| Berkshire Hills Bancorp Inc. |
No change
147,794
|
$3,369,703,000 | 0.22% |
| Parke Bancorp Inc |
0.35%
184,929
|
$3,217,765,000 | 0.21% |
| Banc of California Inc |
No change
251,202
|
$3,210,362,000 | 0.21% |
| First Utd Corp |
0.39%
155,485
|
$3,175,004,000 | 0.21% |
| First Busey Corp. |
55.96%
117,192
|
$2,837,218,000 | 0.18% |
| M T Bk Corp |
No change
13,360
|
$2,022,170,000 | 0.13% |
| Wesbanco, Inc. |
No change
58,859
|
$1,642,755,000 | 0.11% |
| World Accep Corporation |
No change
11,430
|
$1,412,519,000 | 0.09% |
| Citigroup Inc |
No change
19,920
|
$1,264,123,000 | 0.08% |
| Alerus Finl Corp |
No change
60,240
|
$1,181,306,000 | 0.08% |
| Sandy Spring Bancorp |
No change
20,707
|
$504,423,000 | 0.03% |
| Eagle Bancorp Inc Md |
No change
21,325
|
$403,043,000 | 0.03% |
| Progressive Corp. |
No change
1,899
|
$394,441,000 | 0.03% |
| PJT Partners Inc |
Closed
2,163
|
$203,884,000 | |
| Allstate Corp (The) |
No change
943
|
$150,559,000 | 0.01% |
| Catalyst Bancorp Inc |
No change
11,246
|
$103,013,000 | 0.01% |
| KeyCorp |
No change
262
|
$2,945,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 100 holdings | |||
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