Basswood Capital Management, L.L.C.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Basswood Capital Management, L.L.C. reported 87 stock positions worth $1.5 billion. Its top holding was JPMorgan Chase (JPM) at 6.2% of the portfolio, followed by Webster Financial (WBS, 4.8%) and Lennar Class A (LEN, 4.0%). Compared with Q1 2024, it opened 5 new positions, sold out of 13, added to 16 and reduced 29. The biggest buy was a new position in Umb Financial (UMBF) and the biggest sale Schwab (charles) (SCHW, shares −57%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001085393
Portfolio Value
$1.5B (Q2 2024)
SEC Filing
0001405086-24-000196 ↗ filed Aug 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.7B Q1 2024 Q2 2024: $1.5B $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 87 stocks · $1.5B
JPM JPMorgan Chase & Co. 6.17% 469,496 $95.0M No change
WBS Webster Financial Corp. 4.77% 1,683,484 $73.4M Add +17.5%
LEN Lennar Corp. Class A 3.95% 405,933 $60.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.36% 1,299,227 $51.7M Reduce -21.9%
USB US Bancorp 2.97% 1,152,063 $45.7M No change
OMF Onemain Holdings Inc. 2.89% 917,405 $44.5M Reduce -0.6%
PFSI Pennymac Financial Services 2.82% 458,167 $43.3M Add +3.9%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 2.69% 2,033,487 $41.5M Add +0.1%
FCNCA First Citizens Bcshs Class A 2.55% 23,333 $39.3M No change
MHO M/I Homes Inc. 2.45% 309,063 $37.7M Add +4.7%
MS Morgan Stanley 2.33% 369,259 $35.9M No change
TMHC Taylor Morrison Home Corp. 2.22% 616,882 $34.2M Add +52.6%
CCS Century Communities Inc. 2.07% 389,862 $31.8M Add +10.2%
WFC Wells Fargo & Co. 2.04% 528,985 $31.4M Reduce -10.6%
FNB FNB Corp. 1.93% 2,176,713 $29.8M Reduce -20.0%
COOP Mr Cooper Group Inc. 1.92% 363,273 $29.5M Reduce -10.5%
CFG Citizens Financial Group 1.91% 817,166 $29.4M Reduce -10.8%
RM Regional Management Corp. 1.90% 1,018,851 $29.3M Add +8.2%
SNV Synovus Financial Corp. 1.90% 728,184 $29.3M Reduce -29.5%
WAL Western Alliance Bancorp 1.84% 451,917 $28.4M Add +23.1%
TOL Toll Brothers Inc. 1.83% 244,769 $28.2M Add +44.8%
MBIN Merchants Bancorp 1.68% 636,637 $25.8M Add +12.5%
APO Apollo Global Management Inc. 1.60% 208,253 $24.6M No change
BPOP Popular Inc. 1.58% 274,926 $24.3M Reduce -11.3%
EWBC East West Bancorp Inc. 1.50% 316,025 $23.1M Reduce -32.5%
VRTS Virtus Investment Partners 1.44% 98,236 $22.2M Add +66.2%
SYF Synchrony Financial 1.40% 455,920 $21.5M Reduce -30.9%
ALLY Ally Financial Inc. 1.39% 540,298 $21.4M Add +32.9%
HWC Hancock Whitney Corp. 1.38% 443,801 $21.2M Reduce -12.5%
VCTR Victory Capital Holding - A 1.37% 443,075 $21.1M Reduce -14.2%
COF Capital One Financial Corp. 1.36% 151,014 $20.9M Reduce -48.4%
UMBF Umb Financial Corp. 1.26% 232,881 $19.4M New
PWP Perella Weinberg Partners 1.25% 1,184,576 $19.2M Add +1.7%
SCHW Schwab (charles) Corp. 1.24% 258,504 $19.0M Reduce -57.1%
RJF Raymond James Financial Inc. 1.24% 153,827 $19.0M Add +5.0%
PNC PNC Financial Services Group 1.21% 119,702 $18.6M New
AMP Ameriprise Financial Inc. 1.16% 41,930 $17.9M No change
ESQ Esquire Financial Holdings I 1.09% 353,525 $16.8M Reduce -0.1%
AMG Affiliated Managers Group 1.09% 107,602 $16.8M Add +18.9%
RF Regions Financial Corp. 1.08% 829,720 $16.6M Reduce -24.5%
FNF Fidelity National Financial 1.07% 334,183 $16.5M No change
EVR Evercore Inc. Class A 1.03% 76,420 $15.9M No change
LAZ Lazard Inc. 1.00% 402,953 $15.4M Reduce -15.3%
PHM Pultegroup Inc. 0.97% 135,730 $14.9M No change
AX Axos Financial Inc. 0.96% 258,937 $14.8M Reduce -4.1%
NBN Northeast Bank 0.91% 229,177 $13.9M Reduce -20.4%
QNST Quinstreet Inc. 0.88% 819,867 $13.6M Reduce -16.6%
KKR KKR & Co. Inc. 0.64% 92,926 $9.8M No change
MCB Metropolitan Bank Holding Co. 0.60% 219,605 $9.2M Reduce -30.3%
TLT iShares 20+ Year Treasury BD 0.57% 96,154 $8.8M No change
ONB Old National Bancorp 0.57% 511,657 $8.8M No change
GHLD Guild Holdings Co. Class A 0.56% 584,354 $8.6M Add +2.9%
CAC Camden National Corp. 0.53% 247,699 $8.2M No change
UBSI United Bankshares Inc. 0.49% 233,034 $7.6M No change
CWK Cushman & Wakefield UK Holdc 0.49% 722,119 $7.5M New
KBH KB Home 0.47% 103,217 $7.2M No change
PFS Provident Financial Services 0.44% 476,688 $6.8M New
BLK BlackRock Finance Inc. 0.43% 8,371 $6.6M No change
DFS Discover Financial Services 0.41% 47,952 $6.3M Reduce -59.3%
USCB Uscb Financial Holdings Inc. 0.37% 448,965 $5.8M Reduce -0.3%
TCBK Trico Bancshares 0.35% 137,981 $5.5M No change
BUR Burford Capital Ltd. 0.35% 408,574 $5.3M Reduce -3.4%
FLG New York Community Bancorp 0.31% 1,475,869 $4.8M Reduce -36.6%
CMA Comerica Inc. 0.30% 89,972 $4.6M No change
SDHC Smith Douglas Homes Corp. 0.28% 186,234 $4.4M New
HFWA Heritage Financial Corp. 0.27% 230,737 $4.2M No change
SSB Southstate Bank Corp. 0.26% 52,944 $4.0M No change
STEL Stellar Bancorp Inc. 0.26% 176,066 $4.0M Reduce -0.3%
HOMB Home Bancshares Inc. 0.26% 166,538 $4.0M No change
FBNC First Bancorp 0.26% 123,266 $3.9M No change
FITB Fifth Third Bancorp 0.22% 93,607 $3.4M No change
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.22% 147,794 $3.4M No change
PKBK Parke Bancorp Inc. 0.21% 184,929 $3.2M Reduce -0.3%
BANC Banc of California Inc. 0.21% 251,202 $3.2M No change
FUNC First United Corp. 0.21% 155,485 $3.2M Reduce -0.4%
BUSE First Busey Corp. 0.18% 117,192 $2.8M Reduce -56.0%
MTB M & T Bank Corp. filed as M & T BK CORP 0.13% 13,360 $2.0M No change
WSBC Wesbanco Inc. 0.11% 58,859 $1.6M No change
WRLD World Acceptance Corp. 0.09% 11,430 $1.4M No change
C Citigroup Inc. 0.08% 19,920 $1.3M No change
ALRS Alerus Financial Corp. 0.08% 60,240 $1.2M No change
SASR Sandy Spring Bancorp Inc. 0.03% 20,707 $504K No change
EGBN Eagle Bancorp Inc. 0.03% 21,325 $403K No change
PGR Progressive Corp. 0.03% 1,899 $394K No change
ALL Allstate Corp. 0.01% 943 $151K No change
CLST Catalyst Bancorp Inc. 0.01% 11,246 $103K No change
KEY Keycorp 0.00% 262 $3K No change

Options reported separately and not counted above: TLT calls ($1.0M), MDY puts ($414K), KRE puts ($296K).

Portfolio Sells Q1 2024 → Q2 2024
SCHW Schwab (charles) Corp. Reduce -57.1% 1.24% −1.31
COF Capital One Financial Corp. Reduce -48.4% 1.36% −1.19
FAF First American Financial Sold out 0.00% −0.96
TPH Tri Pointe Homes Inc. Sold out 0.00% −0.77
FG F&G Annuities & Life Inc. Sold out 0.00% −0.75
TCBI Texas Capital Bancshares Inc. Sold out 0.00% −0.71
BX Blackstone Inc. Sold out 0.00% −0.70
EWBC East West Bancorp Inc. Reduce -32.5% 1.50% −0.66
TFC Truist Financial Corp. Sold out 0.00% −0.53
SNV Synovus Financial Corp. Reduce -29.5% 1.90% −0.51
DFS Discover Financial Services Reduce -59.3% 0.41% −0.49
VOYA Voya Financial Inc. Sold out 0.00% −0.45
TBBK The Bancorp Inc. Sold out 0.00% −0.34
BAC Bank of America Corp. Reduce -21.9% 3.36% −0.33
FIBK First Interstate Bancsys-A Sold out 0.00% −0.32
FNB FNB Corp. Reduce -20.0% 1.93% −0.31
RF Regions Financial Corp. Reduce -24.5% 1.08% −0.27
SYF Synchrony Financial Reduce -30.9% 1.40% −0.26
MTH Meritage Homes Corp. Sold out 0.00% −0.24
FISI Financial Institutions Inc. Sold out 0.00% −0.23
LBAI Lakeland Bancorp Inc. Sold out 0.00% −0.20
BUSE First Busey Corp. Reduce -56.0% 0.18% −0.19
LAZ Lazard Inc. Reduce -15.3% 1.00% −0.16
QNST Quinstreet Inc. Reduce -16.6% 0.88% −0.13
FLG New York Community Bancorp Reduce -36.6% 0.31% −0.13
MCB Metropolitan Bank Holding Co. Reduce -30.3% 0.60% −0.11
BUR Burford Capital Ltd. Reduce -3.4% 0.35% −0.05
CFG Citizens Financial Group Reduce -10.8% 1.91% −0.03
NBN Northeast Bank Reduce -20.4% 0.91% −0.02
BPOP Popular Inc. Reduce -11.3% 1.58% −0.02
PJT PJT Partners Inc. Class A Sold out 0.00% −0.01
FUNC First United Corp. Reduce -0.4% 0.21% −0.00
STEL Stellar Bancorp Inc. Reduce -0.3% 0.26% +0.01
HWC Hancock Whitney Corp. Reduce -12.5% 1.38% +0.01
PKBK Parke Bancorp Inc. Reduce -0.3% 0.21% +0.02
WFC Wells Fargo & Co. Reduce -10.6% 2.04% +0.04
COOP Mr Cooper Group Inc. Reduce -10.5% 1.92% +0.07
USCB Uscb Financial Holdings Inc. Reduce -0.3% 0.37% +0.07
VCTR Victory Capital Holding - A Reduce -14.2% 1.37% +0.09
AX Axos Financial Inc. Reduce -4.1% 0.96% +0.11
ESQ Esquire Financial Holdings I Reduce -0.1% 1.09% +0.11
OMF Onemain Holdings Inc. Reduce -0.6% 2.89% +0.14

Portfolio Buys Q1 2024 → Q2 2024
UMBF Umb Financial Corp. New 1.26% +1.26
PNC PNC Financial Services Group New 1.21% +1.21
TMHC Taylor Morrison Home Corp. Add +52.6% 2.22% +0.75
VRTS Virtus Investment Partners Add +66.2% 1.44% +0.59
RM Regional Management Corp. Add +8.2% 1.90% +0.57
TOL Toll Brothers Inc. Add +44.8% 1.83% +0.55
WBS Webster Financial Corp. Add +17.5% 4.77% +0.52
CWK Cushman & Wakefield UK Holdc New 0.49% +0.49
PFSI Pennymac Financial Services Add +3.9% 2.82% +0.47
WAL Western Alliance Bancorp Add +23.1% 1.84% +0.47
PFS Provident Financial Services New 0.44% +0.44
ALLY Ally Financial Inc. Add +32.9% 1.39% +0.43
DCOM Dime Commercial Bancshares I Add +0.1% 2.69% +0.41
PWP Perella Weinberg Partners Add +1.7% 1.25% +0.29
SDHC Smith Douglas Homes Corp. New 0.28% +0.28
MBIN Merchants Bancorp Add +12.5% 1.68% +0.25
AMG Affiliated Managers Group Add +18.9% 1.09% +0.21
RJF Raymond James Financial Inc. Add +5.0% 1.24% +0.14
MHO M/I Homes Inc. Add +4.7% 2.45% +0.10
CCS Century Communities Inc. Add +10.2% 2.07% +0.07
GHLD Guild Holdings Co. Class A Add +2.9% 0.56% +0.07

Options Activity Q1 2024 → Q2 2024
TLT iShares 20+ Year Treasury BD call Reduce -34.0% 11,162 $1.0M
MDY State Street SPDR S&P Midcap put Reduce -1.4% 774 $414K
KRE SS SPDR S&P Regional Bank put Add +25.9% 6,029 $296K

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