Basswood Capital Management, L.L.C.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Basswood Capital Management, L.L.C. reported 110 stock positions worth $1.8 billion. Its top holding was JPMorgan Chase (JPM) at 6.5% of the portfolio, followed by Webster Financial (WBS, 3.7%) and US Bancorp (USB, 3.6%). Compared with Q4 2024, it opened 14 new positions, sold out of 9, added to 29 and reduced 21. The biggest buy was a new position in PNC Financial Services (PNC) and the biggest sale Metropolitan Bank (MCB, shares −53%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001085393
Portfolio Value
$1.8B (Q1 2025)
SEC Filing
0001405086-25-000129 ↗ filed May 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $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 $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 110 stocks · $1.8B
JPM JPMorgan Chase & Co. 6.47% 469,496 $115.2M No change
WBS Webster Financial Corp. 3.66% 1,264,527 $65.2M Add +14.2%
USB US Bancorp 3.58% 1,507,593 $63.7M Add +30.9%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 3.22% 2,058,143 $57.4M Reduce -0.3%
COOP Mr Cooper Group Inc. 3.15% 468,113 $56.0M Reduce -3.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 3.05% 1,299,227 $54.2M No change
PFSI Pennymac Financial Services 3.03% 538,467 $53.9M Add +17.9%
LEN Lennar Corp. Class A 2.62% 405,933 $46.6M No change
FCNCA First Citizens Bcshs Class A 2.43% 23,333 $43.3M No change
MS Morgan Stanley 2.42% 369,259 $43.1M No change
OMF Onemain Holdings Inc. 2.40% 875,545 $42.8M Reduce -10.8%
SCHW Schwab (charles) Corp. 2.32% 526,290 $41.2M Add +71.8%
RM Regional Management Corp. 1.73% 1,019,819 $30.7M Add +0.1%
TMHC Taylor Morrison Home Corp. 1.71% 507,006 $30.4M Reduce -15.8%
TOL Toll Brothers Inc. 1.70% 286,812 $30.3M Add +25.7%
COF Capital One Financial Corp. 1.61% 159,331 $28.6M Add +29.4%
APO Apollo Global Management Inc. 1.60% 208,253 $28.5M No change
CFG Citizens Financial Group 1.40% 606,614 $24.9M Reduce -8.2%
FNB FNB Corp. 1.31% 1,736,649 $23.4M Add +0.8%
BANC Banc of California Inc. 1.27% 1,598,821 $22.7M Reduce -14.0%
WFC Wells Fargo & Co. 1.27% 314,052 $22.5M Add +16.4%
FNF Fidelity National Financial 1.22% 334,183 $21.7M No change
PNC PNC Financial Services Group 1.21% 122,733 $21.6M New
CPF Central Pacific Financial Co. 1.21% 797,725 $21.6M Add +51.1%
MBIN Merchants Bancorp 1.20% 577,201 $21.4M Reduce -0.8%
SYF Synchrony Financial 1.15% 386,692 $20.5M Add +101.2%
CCS Century Communities Inc. 1.15% 303,986 $20.4M Reduce -7.5%
AMP Ameriprise Financial Inc. 1.14% 41,930 $20.3M No change
ESQ Esquire Financial Holdings I 1.14% 268,727 $20.3M No change
SNV Synovus Financial Corp. 1.13% 430,841 $20.1M No change
PFS Provident Financial Services 1.09% 1,132,814 $19.5M Add +2.5%
VCTR Victory Capital Holding - A 1.03% 317,269 $18.4M Add +19.9%
BLK BlackRock Inc. 1.01% 19,066 $18.0M Add +155.8%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 0.99% 255,919 $17.7M New
MHO M/I Homes Inc. 0.99% 154,171 $17.6M Reduce -11.3%
COLB Columbia Banking System Inc. 0.98% 698,667 $17.4M Add +17.8%
BANR Banner Corporation 0.97% 270,761 $17.3M New
UBSI United Bankshares Inc. 0.96% 494,405 $17.1M Add +112.2%
MOFG Midwestone Financial Group I 0.90% 539,722 $16.0M Add +2.8%
PB Prosperity Bancshares Inc. 0.87% 216,750 $15.5M New
EVR Evercore Inc. Class A 0.86% 76,420 $15.3M No change
OBK Origin Bancorp Inc. 0.85% 437,745 $15.2M Add +688.9%
PWP Perella Weinberg Partners 0.82% 794,709 $14.6M Add +22.1%
VOYA Voya Financial Inc. 0.80% 210,071 $14.2M New
RJF Raymond James Financial Inc. 0.80% 102,367 $14.2M No change
ONB Old National Bancorp 0.80% 670,190 $14.2M Reduce -42.9%
PHM Pultegroup Inc. 0.78% 135,730 $14.0M No change
BPOP Popular Inc. 0.78% 150,377 $13.9M No change
VBTX Veritex Holdings Inc. 0.77% 546,513 $13.6M Add +34.2%
SSB Southstate Bank Corp. 0.76% 144,933 $13.5M Add +173.8%
AMG Affiliated Managers Group 0.75% 79,041 $13.3M Reduce -36.4%
WSFS WSFS Financial Corp. 0.73% 248,749 $12.9M New
ALLY Ally Financial Inc. 0.72% 351,390 $12.8M Add +227.5%
MCB Metropolitan Bank Holding Co. 0.70% 221,460 $12.4M Reduce -52.8%
IVZ Invesco Ltd. 0.70% 815,699 $12.4M New
HWC Hancock Whitney Corp. 0.69% 234,817 $12.3M Reduce -29.4%
UMBF Umb Financial Corp. 0.69% 121,787 $12.3M No change
FBNC First Bancorp 0.64% 285,659 $11.5M Add +131.7%
QNST Quinstreet Inc. 0.61% 607,733 $10.8M Add +243.6%
GHLD Guild Holdings Co. Class A 0.58% 675,633 $10.3M Add +0.1%
WAL Western Alliance Bancorp 0.57% 133,164 $10.2M No change
VLY Valley National Bancorp 0.56% 1,130,941 $10.1M Reduce -45.5%
CAC Camden National Corp. 0.56% 247,699 $10.0M No change
USCB Uscb Financial Holdings Inc. 0.54% 514,460 $9.5M No change
BKU Bankunited Inc. 0.53% 272,399 $9.4M Reduce -54.1%
PGC Peapack Gladstone Finl Corp. 0.50% 314,277 $8.9M Add +27.1%
BFH Bread Financial Holdings Inc. 0.50% 178,025 $8.9M New
INDB Independent Bank Corp. 0.49% 140,062 $8.8M New
TLT iShares 20+ Year Treasury BD 0.49% 96,154 $8.8M No change
DFS Discover Financial Services 0.49% 51,096 $8.7M Reduce -3.4%
LAZ Lazard Inc. 0.47% 195,076 $8.4M Reduce -38.1%
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.40% 271,519 $7.1M No change
CWK Cushman & Wakefield UK Holdc 0.40% 692,991 $7.1M Reduce -15.3%
BWB Bridgewater Bancshares Inc. 0.36% 456,301 $6.3M Add +124.3%
CRBG Corebridge Financial Inc. 0.35% 196,353 $6.2M New
KBH KB Home 0.34% 103,217 $6.0M No change
SASR Sandy Spring Bancorp Inc. 0.33% 211,869 $5.9M No change
FLG Flagstar Bank NA 0.33% 499,236 $5.8M No change
HFWA Heritage Financial Corp. 0.32% 230,737 $5.6M No change
TCBK Trico Bancshares 0.31% 137,981 $5.5M No change
CMA Comerica Inc. 0.30% 89,972 $5.3M No change
HOMB Home Bancshares Inc. 0.26% 166,538 $4.7M No change
FUNC First United Corp. 0.25% 150,364 $4.5M No change
BFST Business First Bancshares 0.25% 182,114 $4.4M Add +408.1%
MYFW First Western Financial Inc. 0.22% 196,498 $3.9M New
FG F&G Annuities & Life Inc. 0.22% 106,709 $3.8M New
FITB Fifth Third Bancorp 0.21% 93,607 $3.7M No change
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.21% 165,755 $3.7M No change
CHMG Chemung Financial Corp. 0.19% 71,460 $3.4M Add +88.4%
KKR KKR & Co. Inc. 0.19% 28,973 $3.3M No change
RY Royal Bank of Canada 0.18% 28,335 $3.2M No change
CBZ Cbiz Inc. 0.17% 40,355 $3.1M No change
HONE Harborone Bancorp Inc. 0.16% 279,803 $2.9M New
NBN Northeast Bank 0.16% 31,107 $2.8M No change
BUSE First Busey Corp. 0.14% 117,192 $2.5M No change
RKT Rocket Cos Inc. Class A 0.14% 201,738 $2.4M New
MTB M & T Bank Corp. filed as M & T BK CORP 0.13% 13,360 $2.4M No change
WSBC Wesbanco Inc. 0.10% 58,859 $1.8M No change
VRTS Virtus Investment Partners 0.09% 9,464 $1.6M Reduce -84.7%
BUR Burford Capital Ltd. 0.09% 118,200 $1.6M No change

Show all 110 holdings

Options reported separately and not counted above: TLT calls ($863K), RSP puts ($811K), MDY puts ($401K), KRE puts ($370K).

Portfolio Sells Q4 2024 → Q1 2025
MCB Metropolitan Bank Holding Co. Reduce -52.8% 0.70% −0.90
BKU Bankunited Inc. Reduce -54.1% 0.53% −0.79
VRTS Virtus Investment Partners Reduce -84.7% 0.09% −0.70
ONB Old National Bancorp Reduce -42.9% 0.80% −0.69
AB Alliancebernstein Holding LP Sold out 0.00% −0.60
AMG Affiliated Managers Group Reduce -36.4% 0.75% −0.59
OMF Onemain Holdings Inc. Reduce -10.8% 2.40% −0.58
WAFD Wafd Inc. Sold out 0.00% −0.54
VLY Valley National Bancorp Reduce -45.5% 0.56% −0.53
FISI Financial Institutions Inc. Sold out 0.00% −0.49
DCOM Dime Commercial Bancshares I Reduce -0.3% 3.22% −0.48
LAZ Lazard Inc. Reduce -38.1% 0.47% −0.47
HAPN Happen Inc. Reduce -76.0% 0.08% −0.45
TMHC Taylor Morrison Home Corp. Reduce -15.8% 1.71% −0.44
BANC Banc of California Inc. Reduce -14.0% 1.27% −0.40
UWMC Uwm Holdings Corp. Sold out 0.00% −0.38
HWC Hancock Whitney Corp. Reduce -29.4% 0.69% −0.37
MHO M/I Homes Inc. Reduce -11.3% 0.99% −0.36
CFG Citizens Financial Group Reduce -8.2% 1.40% −0.29
CCS Century Communities Inc. Reduce -7.5% 1.15% −0.26
NRDS Nerdwallet Inc. Class A Reduce -94.7% 0.01% −0.26
CWK Cushman & Wakefield UK Holdc Reduce -15.3% 0.40% −0.23
FHI Federated Hermes Inc. Sold out 0.00% −0.19
MCHB Mechanics Bancorp Class A Sold out 0.00% −0.19
OCFC Oceanfirst Financial Corp. Sold out 0.00% −0.16
WRLD World Acceptance Corp. Sold out 0.00% −0.07
DFS Discover Financial Services Reduce -3.4% 0.49% −0.04
MBIN Merchants Bancorp Reduce -0.8% 1.20% −0.04
PKBK Parke Bancorp Inc. Sold out 0.00% −0.02
COOP Mr Cooper Group Inc. Reduce -3.7% 3.15% +0.42

Portfolio Buys Q4 2024 → Q1 2025
PNC PNC Financial Services Group New 1.21% +1.21
SCHW Schwab (charles) Corp. Add +71.8% 2.32% +0.99
BOH Bank of Hawaii Corp. New 0.99% +0.99
BANR Banner Corporation New 0.97% +0.97
PB Prosperity Bancshares Inc. New 0.87% +0.87
VOYA Voya Financial Inc. New 0.80% +0.80
OBK Origin Bancorp Inc. Add +688.9% 0.85% +0.75
WSFS WSFS Financial Corp. New 0.73% +0.73
IVZ Invesco Ltd. New 0.70% +0.70
BLK BlackRock Inc. Add +155.8% 1.01% +0.57
BFH Bread Financial Holdings Inc. New 0.50% +0.50
ALLY Ally Financial Inc. Add +227.5% 0.72% +0.49
INDB Independent Bank Corp. New 0.49% +0.49
UBSI United Bankshares Inc. Add +112.2% 0.96% +0.45
SSB Southstate Bank Corp. Add +173.8% 0.76% +0.45
SYF Synchrony Financial Add +101.2% 1.15% +0.42
QNST Quinstreet Inc. Add +243.6% 0.61% +0.37
USB US Bancorp Add +30.9% 3.58% +0.36
CRBG Corebridge Financial Inc. New 0.35% +0.35
FBNC First Bancorp Add +131.7% 0.64% +0.33
COF Capital One Financial Corp. Add +29.4% 1.61% +0.32
CPF Central Pacific Financial Co. Add +51.1% 1.21% +0.32
PFSI Pennymac Financial Services Add +17.9% 3.03% +0.31
MYFW First Western Financial Inc. New 0.22% +0.22
FG F&G Annuities & Life Inc. New 0.22% +0.22
BWB Bridgewater Bancshares Inc. Add +124.3% 0.36% +0.20
BFST Business First Bancshares Add +408.1% 0.25% +0.20
HONE Harborone Bancorp Inc. New 0.16% +0.16
WFC Wells Fargo & Co. Add +16.4% 1.27% +0.16
RKT Rocket Cos Inc. Class A New 0.14% +0.14
VBTX Veritex Holdings Inc. Add +34.2% 0.77% +0.12
WBS Webster Financial Corp. Add +14.2% 3.66% +0.10
CHMG Chemung Financial Corp. Add +88.4% 0.19% +0.08
COLB Columbia Banking System Inc. Add +17.8% 0.98% +0.04
PGC Peapack Gladstone Finl Corp. Add +27.1% 0.50% +0.04
TOL Toll Brothers Inc. Add +25.7% 1.70% +0.03
GHLD Guild Holdings Co. Class A Add +0.1% 0.58% +0.03
VCTR Victory Capital Holding - A Add +19.9% 1.03% +0.02
MOFG Midwestone Financial Group I Add +2.8% 0.90% +0.01
PWP Perella Weinberg Partners Add +22.1% 0.82% −0.08
PFS Provident Financial Services Add +2.5% 1.09% −0.12
FNB FNB Corp. Add +0.8% 1.31% −0.17
RM Regional Management Corp. Add +0.1% 1.73% −0.29

Options Activity Q4 2024 → Q1 2025
TLT iShares 20+ Year Treasury BD call Add +1.9% 9,553 $863K
RSP Invesco S&P 500 Equal Weight put New 4,684 $811K
MDY State Street SPDR S&P Midcap put Add +27.3% 751 $401K
KRE SS SPDR S&P Regional Bank put New 6,504 $370K

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