Basswood Capital Management, L.L.C.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Basswood Capital Management, L.L.C. reported 95 stock positions worth $1.7 billion. Its top holding was JPMorgan Chase (JPM) at 5.5% of the portfolio, followed by Webster Financial (WBS, 4.2%) and Lennar Class A (LEN, 4.1%). Compared with Q4 2023, it opened 5 new positions, sold out of 8, added to 25 and reduced 21. The biggest buy was a new position in Regions Financial (RF) and the biggest sale First American Financial (FAF, shares −41%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001085393
Portfolio Value
$1.7B (Q1 2024)
SEC Filing
0001405086-24-000130 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.7B $1.7B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.9B Q3 2024 Q4 2024: $1.7B Q4 2024 Q1 2025: $1.8B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $2.2B Q3 2025 Q4 2025: $2.3B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 95 stocks · $1.7B
JPM JPMorgan Chase & Co. 5.49% 469,496 $94.0M No change
WBS Webster Financial Corp. 4.25% 1,433,110 $72.8M Add +6.1%
LEN Lennar Corp. Class A 4.08% 405,933 $69.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.69% 1,663,980 $63.1M Reduce -5.8%
USB US Bancorp 3.01% 1,152,063 $51.5M No change
OMF Onemain Holdings Inc. 2.75% 922,934 $47.2M Add +11.9%
COF Capital One Financial Corp. 2.55% 292,755 $43.6M Add +21.0%
SCHW Schwab (charles) Corp. 2.54% 602,070 $43.6M Add +13.9%
SNV Synovus Financial Corp. 2.42% 1,032,232 $41.4M Reduce -0.6%
MHO M/I Homes Inc. 2.35% 295,081 $40.2M Add +13.8%
PFSI Pennymac Financial Services 2.35% 440,930 $40.2M Add +28.8%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 2.29% 2,032,559 $39.1M No change
FNB FNB Corp. 2.24% 2,721,097 $38.4M Add +1.1%
FCNCA First Citizens Bcshs Class A 2.23% 23,333 $38.1M No change
EWBC East West Bancorp Inc. 2.16% 468,358 $37.1M Add +31.2%
MS Morgan Stanley 2.03% 369,259 $34.8M No change
WFC Wells Fargo & Co. 2.00% 591,823 $34.3M Add +3.4%
CCS Century Communities Inc. 1.99% 353,774 $34.1M Add +22.7%
CFG Citizens Financial Group 1.94% 916,188 $33.2M Reduce -13.3%
COOP Mr Cooper Group Inc. 1.85% 405,894 $31.6M Add +106.6%
SYF Synchrony Financial 1.66% 660,017 $28.5M Add +49.7%
BPOP Popular Inc. 1.59% 309,959 $27.3M Add +2.4%
TMHC Taylor Morrison Home Corp. 1.47% 404,284 $25.1M Add +37.0%
MBIN Merchants Bancorp 1.43% 565,912 $24.4M Reduce -5.0%
WAL Western Alliance Bancorp 1.38% 367,272 $23.6M Reduce -8.6%
APO Apollo Global Management Inc. 1.37% 208,253 $23.4M No change
HWC Hancock Whitney Corp. 1.36% 507,281 $23.4M Add +15.5%
RF Regions Financial Corp. 1.35% 1,098,923 $23.1M New
RM Regional Management Corp. 1.33% 941,924 $22.8M Add +2.6%
VCTR Victory Capital Holding - A 1.28% 516,255 $21.9M Add +39.6%
TOL Toll Brothers Inc. 1.28% 169,052 $21.9M Reduce -6.5%
LAZ Lazard Inc. 1.16% 476,007 $19.9M Add +26.0%
RJF Raymond James Financial Inc. 1.10% 146,444 $18.8M Reduce -7.0%
AMP Ameriprise Financial Inc. 1.07% 41,930 $18.4M Reduce -28.3%
FNF Fidelity National Financial 1.04% 334,183 $17.7M No change
QNST Quinstreet Inc. 1.01% 982,864 $17.4M Reduce -2.4%
ESQ Esquire Financial Holdings I 0.98% 353,934 $16.8M Reduce -9.7%
ALLY Ally Financial Inc. 0.96% 406,562 $16.5M New
FAF First American Financial 0.96% 270,124 $16.5M Reduce -40.6%
PWP Perella Weinberg Partners 0.96% 1,165,072 $16.5M Add +38.5%
PHM Pultegroup Inc. 0.96% 135,730 $16.4M Reduce -31.3%
NBN Northeast Bank 0.93% 287,755 $15.9M Reduce -1.4%
DFS Discover Financial Services 0.90% 117,792 $15.4M Reduce -19.6%
AMG Affiliated Managers Group 0.89% 90,481 $15.2M New
EVR Evercore Inc. Class A 0.86% 76,420 $14.7M Reduce -10.9%
VRTS Virtus Investment Partners 0.86% 59,100 $14.7M Add +86.9%
AX Axos Financial Inc. 0.85% 270,072 $14.6M No change
TPH Tri Pointe Homes Inc. 0.77% 339,684 $13.1M New
FG F&G Annuities & Life Inc. 0.75% 318,352 $12.9M Add +12.2%
MCB Metropolitan Bank Holding Co. 0.71% 315,071 $12.1M Add +97.8%
TCBI Texas Capital Bancshares Inc. 0.71% 196,347 $12.1M No change
BX Blackstone Inc. 0.70% 91,358 $12.0M No change
KKR KKR & Co. Inc. 0.55% 92,926 $9.3M No change
TFC Truist Financial Corp. 0.53% 233,601 $9.1M Reduce -52.9%
TLT iShares 20+ Year Treasury BD 0.53% 96,154 $9.1M No change
ONB Old National Bancorp 0.52% 511,657 $8.9M No change
GHLD Guild Holdings Co. Class A 0.49% 568,088 $8.4M Add +7.5%
UBSI United Bankshares Inc. 0.49% 233,034 $8.3M No change
CAC Camden National Corp. 0.48% 247,699 $8.3M No change
VOYA Voya Financial Inc. 0.45% 103,560 $7.7M No change
FLG New York Community Bancorp 0.44% 2,328,285 $7.5M Add +57.8%
KBH KB Home 0.43% 103,217 $7.3M No change
BLK BlackRock Finance Inc. 0.41% 8,371 $7.0M Reduce -47.6%
BUR Burford Capital Ltd. 0.39% 422,784 $6.8M No change
BUSE First Busey Corp. 0.37% 266,088 $6.4M Reduce -3.8%
TBBK The Bancorp Inc. 0.34% 176,314 $5.9M No change
FIBK First Interstate Bancsys-A 0.32% 199,020 $5.4M No change
USCB Uscb Financial Holdings Inc. 0.30% 450,487 $5.1M Add +83.0%
TCBK Trico Bancshares 0.30% 137,981 $5.1M No change
CMA Comerica Inc. 0.29% 89,972 $4.9M Reduce -6.6%
SSB Southstate Bank Corp. 0.26% 52,944 $4.5M No change
HFWA Heritage Financial Corp. 0.26% 230,737 $4.5M No change
FBNC First Bancorp 0.26% 123,266 $4.5M No change
STEL Stellar Bancorp Inc. 0.25% 176,578 $4.3M No change
MTH Meritage Homes Corp. 0.24% 23,872 $4.2M No change
HOMB Home Bancshares Inc. 0.24% 166,538 $4.1M No change
FISI Financial Institutions Inc. 0.23% 211,112 $4.0M New
BANC Banc of California Inc. 0.22% 251,202 $3.8M No change
FUNC First United Corp. 0.21% 156,098 $3.6M No change
FITB Fifth Third Bancorp 0.20% 93,607 $3.5M No change
LBAI Lakeland Bancorp Inc. 0.20% 281,681 $3.4M No change
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.20% 147,794 $3.4M No change
PKBK Parke Bancorp Inc. 0.19% 185,572 $3.2M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.11% 13,360 $1.9M No change
WSBC Wesbanco Inc. 0.10% 58,859 $1.8M No change
WRLD World Acceptance Corp. 0.10% 11,430 $1.7M No change
ALRS Alerus Financial Corp. 0.08% 60,240 $1.3M No change
C Citigroup Inc. 0.07% 19,920 $1.3M No change
EGBN Eagle Bancorp Inc. 0.03% 21,325 $501K No change
SASR Sandy Spring Bancorp Inc. 0.03% 20,707 $480K No change
PGR Progressive Corp. 0.02% 1,899 $393K Reduce -96.3%
PJT PJT Partners Inc. Class A 0.01% 2,163 $204K Reduce -96.4%
ALL Allstate Corp. 0.01% 943 $163K No change
CLST Catalyst Bancorp Inc. 0.01% 11,246 $133K No change
KEY Keycorp 0.00% 262 $4K No change

Options reported separately and not counted above: TLT calls ($1.6M), MDY puts ($437K), KRE puts ($241K).

Portfolio Sells Q4 2023 → Q1 2024
FAF First American Financial Reduce -40.6% 0.96% −0.93
TFC Truist Financial Corp. Reduce -52.9% 0.53% −0.65
PGR Progressive Corp. Reduce -96.3% 0.02% −0.50
BFH Bread Financial Holdings Inc. Sold out 0.00% −0.47
BLK BlackRock Finance Inc. Reduce -47.6% 0.41% −0.43
VNO Vornado Realty Trust Sold out 0.00% −0.41
PJT PJT Partners Inc. Class A Reduce -96.4% 0.01% −0.38
PHM Pultegroup Inc. Reduce -31.3% 0.96% −0.36
AMP Ameriprise Financial Inc. Reduce -28.3% 1.07% −0.36
WAL Western Alliance Bancorp Reduce -8.6% 1.38% −0.33
CFG Citizens Financial Group Reduce -13.3% 1.94% −0.32
PGC Peapack Gladstone Finl Corp. Sold out 0.00% −0.30
ESQ Esquire Financial Holdings I Reduce -9.7% 0.98% −0.28
MBIN Merchants Bancorp Reduce -5.0% 1.43% −0.21
DFS Discover Financial Services Reduce -19.6% 0.90% −0.16
BAC Bank of America Corp. Reduce -5.8% 3.69% −0.16
SNV Synovus Financial Corp. Reduce -0.6% 2.42% −0.11
NBN Northeast Bank Reduce -1.4% 0.93% −0.11
EVR Evercore Inc. Class A Reduce -10.9% 0.86% −0.09
BUSE First Busey Corp. Reduce -3.8% 0.37% −0.07
SLG SL Green Realty Corp. Sold out 0.00% −0.06
CMA Comerica Inc. Reduce -6.6% 0.29% −0.06
RJF Raymond James Financial Inc. Reduce -7.0% 1.10% −0.04
OWL Blue Owl Capital Inc. Sold out 0.00% −0.02
ZION Zions Bancorp NA Sold out 0.00% −0.01
FINW Finwise Bancorp Sold out 0.00% −0.00
AMAL Amalgamated Financial Corp. Sold out 0.00% −0.00
TOL Toll Brothers Inc. Reduce -6.5% 1.28% +0.08
QNST Quinstreet Inc. Reduce -2.4% 1.01% +0.18

Portfolio Buys Q4 2023 → Q1 2024
RF Regions Financial Corp. New 1.35% +1.35
COOP Mr Cooper Group Inc. Add +106.6% 1.85% +1.02
ALLY Ally Financial Inc. New 0.96% +0.96
AMG Affiliated Managers Group New 0.89% +0.89
TPH Tri Pointe Homes Inc. New 0.77% +0.77
SYF Synchrony Financial Add +49.7% 1.66% +0.57
EWBC East West Bancorp Inc. Add +31.2% 2.16% +0.50
COF Capital One Financial Corp. Add +21.0% 2.55% +0.49
VCTR Victory Capital Holding - A Add +39.6% 1.28% +0.46
TMHC Taylor Morrison Home Corp. Add +37.0% 1.47% +0.45
PFSI Pennymac Financial Services Add +28.8% 2.35% +0.39
VRTS Virtus Investment Partners Add +86.9% 0.86% +0.36
LAZ Lazard Inc. Add +26.0% 1.16% +0.31
PWP Perella Weinberg Partners Add +38.5% 0.96% +0.30
CCS Century Communities Inc. Add +22.7% 1.99% +0.30
FISI Financial Institutions Inc. New 0.23% +0.23
SCHW Schwab (charles) Corp. Add +13.9% 2.54% +0.19
WFC Wells Fargo & Co. Add +3.4% 2.00% +0.18
MCB Metropolitan Bank Holding Co. Add +97.8% 0.71% +0.14
OMF Onemain Holdings Inc. Add +11.9% 2.75% +0.13
USCB Uscb Financial Holdings Inc. Add +83.0% 0.30% +0.10
MHO M/I Homes Inc. Add +13.8% 2.35% +0.04
GHLD Guild Holdings Co. Class A Add +7.5% 0.49% +0.01
BPOP Popular Inc. Add +2.4% 1.59% −0.01
HWC Hancock Whitney Corp. Add +15.5% 1.36% −0.02
FG F&G Annuities & Life Inc. Add +12.2% 0.75% −0.09
FNB FNB Corp. Add +1.1% 2.24% −0.16
RM Regional Management Corp. Add +2.6% 1.33% −0.16
WBS Webster Financial Corp. Add +6.1% 4.25% −0.18
FLG New York Community Bancorp Add +57.8% 0.44% −0.54

Options Activity Q4 2023 → Q1 2024
TLT iShares 20+ Year Treasury BD call Add +88.2% 16,916 $1.6M
MDY State Street SPDR S&P Midcap put Reduce -62.4% 785 $437K
KRE SS SPDR S&P Regional Bank put Reduce -38.0% 4,787 $241K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 108$2.3BJPM, BAC, WBS, USB, DCOM
Q1 2026 105$2.0BJPM, BAC, WBS, USB, DCOM
Q4 2025 107$2.3BJPM, RKT, WBS, BAC, USB
Q3 2025 107$2.2BJPM, COOP, BAC, USB, WBS
Q2 2025 112$2.0BJPM, BAC, COOP, USB, WBS
Q1 2025 110$1.8BJPM, WBS, USB, DCOM, COOP
Q4 2024 105$1.7BJPM, DCOM, WBS, BAC, LEN
Q3 2024 102$1.9BJPM, WBS, LEN, DCOM, MHO
Q2 2024 87$1.5BJPM, WBS, LEN, BAC, USB
Q1 2024 95$1.7BJPM, WBS, LEN, BAC, USB