Basswood Capital Management, L.L.C.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Basswood Capital Management, L.L.C. reported 107 stock positions worth $2.2 billion. Its top holding was JPMorgan Chase (JPM) at 6.9% of the portfolio, followed by Mr Cooper (COOP, 4.6%) and Bank of America (BAC, 4.1%). Compared with Q2 2025, it opened 4 new positions, sold out of 9, added to 23 and reduced 42. The biggest buy was Keycorp (KEY, shares +442279%) and the biggest sale Lennar Class A (LEN, shares −76%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001085393
Portfolio Value
$2.2B (Q3 2025)
SEC Filing
0001405086-25-000357 ↗ filed Nov 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 Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $2.2B $2.2B Q3 2025 Q4 2025: $2.3B Q4 2025 Q1 2026: $2.0B Q1 2026 Q2 2026: $2.3B Q2 2026

Holdings 107 stocks · $2.2B
JPM JPMorgan Chase & Co. 6.88% 469,496 $148.1M No change
COOP Mr Cooper Group Inc. 4.63% 472,616 $99.6M Reduce -12.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.13% 1,722,254 $88.9M Reduce -6.1%
USB US Bancorp 3.54% 1,575,799 $76.2M Reduce -2.6%
WBS Webster Financial Corp. 3.40% 1,233,267 $73.3M Add +1.8%
PFSI Pennymac Financial Services 3.33% 578,544 $71.7M Add +1.5%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 2.84% 2,049,143 $61.1M Reduce -0.4%
MS Morgan Stanley 2.73% 369,259 $58.7M No change
OMF Onemain Holdings Inc. 2.43% 926,023 $52.3M Add +2.0%
WFC Wells Fargo & Co. 2.10% 538,987 $45.2M Reduce -6.4%
SCHW Schwab (charles) Corp. 2.09% 472,209 $45.1M Add +0.3%
TOL Toll Brothers Inc. 2.08% 324,796 $44.9M Add +9.9%
ONB Old National Bancorp 2.03% 1,989,568 $43.7M Add +102.2%
COF Capital One Financial Corp. 1.96% 198,531 $42.2M Reduce -14.7%
FCNCA First Citizens Bcshs Class A 1.92% 23,056 $41.3M Reduce -1.2%
RM Regional Management Corp. 1.85% 1,024,310 $39.9M No change
BPOP Popular Inc. 1.64% 278,718 $35.4M Add +85.3%
TMHC Taylor Morrison Home Corp. 1.62% 529,549 $35.0M Reduce -1.4%
FNB FNB Corp. 1.58% 2,115,505 $34.1M Reduce -0.4%
CFG Citizens Financial Group 1.48% 597,537 $31.8M Reduce -4.6%
PNC PNC Financial Services Group 1.40% 150,495 $30.2M Reduce -7.3%
VCTR Victory Capital Holding - A 1.35% 447,993 $29.0M Add +2.4%
PWP Perella Weinberg Partners 1.28% 1,292,524 $27.6M Add +2.3%
ESQ Esquire Financial Holdings I 1.27% 268,727 $27.4M No change
APO Apollo Global Management Inc. 1.25% 202,518 $27.0M Reduce -2.8%
CPF Central Pacific Financial Co. 1.16% 825,776 $25.1M Reduce -6.8%
EVR Evercore Inc. Class A 1.09% 69,797 $23.5M Reduce -27.8%
BOH Bank of Hawaii Corp. filed as BANK HAWAII CORP 1.06% 346,498 $22.7M Add +2.0%
MDY State Street SPDR S&P Midcap 1.05% 38,082 $22.7M No change
MHO M/I Homes Inc. 1.03% 153,318 $22.1M Add +1.4%
BANR Banner Corporation 1.02% 336,656 $22.1M Reduce -4.3%
INDB Independent Bank Corp. 1.02% 318,296 $22.0M Add +0.3%
RF Regions Financial Corp. 1.01% 824,053 $21.7M Reduce -22.3%
KEY Keycorp 1.01% 1,159,033 $21.7M Add +442279.0%
IVZ Invesco Ltd. 0.99% 926,451 $21.3M Add +40.3%
SNV Synovus Financial Corp. 0.98% 430,841 $21.1M No change
VLY Valley National Bancorp 0.95% 1,935,629 $20.5M Add +71.2%
SYF Synchrony Financial 0.94% 285,303 $20.3M Reduce -27.2%
FNF Fidelity National Financial 0.94% 334,183 $20.2M No change
AMP Ameriprise Financial Inc. 0.93% 40,839 $20.1M Reduce -2.6%
COLB Columbia Banking System Inc. 0.92% 769,171 $19.8M Add +5.2%
BFH Bread Financial Holdings Inc. 0.89% 341,696 $19.1M Add +10.6%
BLK BlackRock Inc. 0.87% 16,052 $18.7M Reduce -17.6%
PHM Pultegroup Inc. 0.83% 135,730 $17.9M No change
RJF Raymond James Financial Inc. 0.80% 99,487 $17.2M Reduce -2.8%
MCB Metropolitan Bank Holding Co. 0.77% 221,460 $16.6M No change
CWK Cushman & Wakefield UK Holdc 0.75% 1,021,060 $16.3M Add +135.1%
VOYA Voya Financial Inc. 0.70% 202,102 $15.1M Reduce -8.2%
OBK Origin Bancorp Inc. 0.70% 437,140 $15.1M Reduce -7.4%
HWC Hancock Whitney Corp. 0.67% 229,158 $14.3M Reduce -2.4%
UMBF Umb Financial Corp. 0.63% 115,120 $13.6M Reduce -5.5%
EQH Equitable Holdings Inc. 0.62% 264,189 $13.4M Add +6.9%
LEN Lennar Corp. Class A 0.62% 106,051 $13.4M Reduce -76.4%
UWMC Uwm Holdings Corp. 0.60% 2,131,661 $13.0M New
CRBG Corebridge Financial Inc. 0.60% 404,838 $13.0M Reduce -3.6%
HAPN Happen Inc. filed as LENDINGCLUB CORP 0.59% 831,334 $12.6M Add +526.1%
WAL Western Alliance Bancorp 0.54% 133,164 $11.5M No change
SSB Southstate Bank Corp. 0.49% 107,184 $10.6M Reduce -40.7%
TFC Truist Financial Corp. 0.47% 223,030 $10.2M Reduce -55.3%
CBZ Cbiz Inc. 0.47% 191,063 $10.1M Add +373.5%
LAZ Lazard Inc. 0.47% 189,816 $10.0M Reduce -2.7%
BKU Bankunited Inc. 0.45% 256,358 $9.8M Reduce -5.9%
CAC Camden National Corp. 0.44% 247,699 $9.6M No change
QNST Quinstreet Inc. 0.42% 586,573 $9.1M Reduce -7.2%
MBIN Merchants Bancorp 0.40% 273,747 $8.7M No change
UBSI United Bankshares Inc. 0.40% 233,034 $8.7M No change
TLT iShares 20+ Year Treasury BD 0.40% 96,154 $8.6M No change
PFS Provident Financial Services 0.37% 414,090 $8.0M Reduce -1.7%
USCB Uscb Financial Holdings Inc. 0.36% 438,211 $7.6M Reduce -7.1%
ALLY Ally Financial Inc. 0.34% 187,528 $7.4M Reduce -56.3%
CBU Community Financial System I 0.33% 122,201 $7.2M Reduce -54.2%
AUB Atlantic Union Bankshares Co. 0.31% 190,680 $6.7M No change
KBH KB Home 0.31% 103,217 $6.6M No change
FBNC First Bancorp 0.30% 123,266 $6.5M No change
GHLD Guild Holdings Co. Class A 0.29% 315,583 $6.3M No change
RPC Ridgepost Capital Inc. Class A filed as P10 INC 0.29% 574,648 $6.3M Add +82.6%
ZION Zions Bancorp NA 0.29% 110,399 $6.2M New
CMA Comerica Inc. 0.29% 89,972 $6.2M No change
TCBK Trico Bancshares 0.28% 137,981 $6.1M No change
FLG Flagstar Bank NA 0.26% 491,956 $5.7M Reduce -1.5%
PGR Progressive Corp. 0.26% 22,926 $5.7M Add +1107.3%
HFWA Heritage Financial Corp. 0.26% 230,737 $5.6M No change
RKT Rocket Cos Inc. Class A 0.25% 276,334 $5.4M No change
SFNC Simmons First Natl Corp. Class A 0.24% 268,542 $5.1M New
HOMB Home Bancshares Inc. 0.22% 166,538 $4.7M No change
FITB Fifth Third Bancorp 0.19% 93,607 $4.2M No change
BANC Banc of California Inc. 0.19% 251,202 $4.2M Reduce -13.1%
HBNC Horizon Bancorp Inc. 0.19% 250,000 $4.0M New
KKR KKR & Co. Inc. 0.15% 25,666 $3.3M Reduce -11.4%
NBN Northeast Bank 0.14% 31,107 $3.1M No change
MOFG Midwestone Financial Group I 0.14% 106,660 $3.0M No change
JLL Jones Lang Lasalle Inc. 0.13% 9,473 $2.8M Reduce -44.4%
BUSE First Busey Corp. 0.13% 117,192 $2.7M No change
MTB M & T Bank Corp. filed as M & T BK CORP 0.12% 13,360 $2.6M No change
CCS Century Communities Inc. 0.10% 33,349 $2.1M Reduce -84.1%
C Citigroup Inc. 0.09% 19,920 $2.0M No change
WSBC Wesbanco Inc. 0.09% 58,859 $1.9M No change
FBK FB Financial Corp. filed as FB FINL CORP 0.09% 33,216 $1.9M No change
NBHC National Bank Hold Class A 0.08% 46,956 $1.8M No change
EWBC East West Bancorp Inc. 0.08% 15,249 $1.6M No change

Show all 107 holdings

Options reported separately and not counted above: TLT calls ($86.4M), COOP puts ($74.2M), KRE puts ($64.5M), RSP puts ($34.1M), MDY puts ($27.6M).

Portfolio Sells Q2 2025 → Q3 2025
LEN Lennar Corp. Class A Reduce -76.4% 0.62% −1.85
TFC Truist Financial Corp. Reduce -55.3% 0.47% −0.60
COF Capital One Financial Corp. Reduce -14.7% 1.96% −0.51
ALLY Ally Financial Inc. Reduce -56.3% 0.34% −0.49
CCS Century Communities Inc. Reduce -84.1% 0.10% −0.49
CBU Community Financial System I Reduce -54.2% 0.33% −0.42
SYF Synchrony Financial Reduce -27.2% 0.94% −0.36
FCNCA First Citizens Bcshs Class A Reduce -1.2% 1.92% −0.36
BBT Beacon Financial Corp. Sold out 0.00% −0.34
SSB Southstate Bank Corp. Reduce -40.7% 0.49% −0.34
RF Regions Financial Corp. Reduce -22.3% 1.01% −0.23
APO Apollo Global Management Inc. Reduce -2.8% 1.25% −0.22
EVR Evercore Inc. Class A Reduce -27.8% 1.09% −0.21
MYFW First Western Financial Inc. Sold out 0.00% −0.21
WFC Wells Fargo & Co. Reduce -6.4% 2.10% −0.20
BAC Bank of America Corp. Reduce -6.1% 4.13% −0.20
RY Royal Bank of Canada Sold out 0.00% −0.19
AMP Ameriprise Financial Inc. Reduce -2.6% 0.93% −0.18
CHMG Chemung Financial Corp. Sold out 0.00% −0.17
AMG Affiliated Managers Group Sold out 0.00% −0.16
BLK BlackRock Inc. Reduce -17.6% 0.87% −0.15
CRBG Corebridge Financial Inc. Reduce -3.6% 0.60% −0.14
OBK Origin Bancorp Inc. Reduce -7.4% 0.70% −0.14
USB US Bancorp Reduce -2.6% 3.54% −0.11
PNC PNC Financial Services Group Reduce -7.3% 1.40% −0.10
BANR Banner Corporation Reduce -4.3% 1.02% −0.10
JLL Jones Lang Lasalle Inc. Reduce -44.4% 0.13% −0.09
QNST Quinstreet Inc. Reduce -7.2% 0.42% −0.09
VRTS Virtus Investment Partners Sold out 0.00% −0.09
VOYA Voya Financial Inc. Reduce -8.2% 0.70% −0.08
CPF Central Pacific Financial Co. Reduce -6.8% 1.16% −0.07
KKR KKR & Co. Inc. Reduce -11.4% 0.15% −0.04
USCB Uscb Financial Holdings Inc. Reduce -7.1% 0.36% −0.03
WRLD World Acceptance Corp. Reduce -28.4% 0.06% −0.03
BKU Bankunited Inc. Reduce -5.9% 0.45% −0.03
SBCF Seacoast Banking Corp. Reduce -70.1% 0.01% −0.02
TMHC Taylor Morrison Home Corp. Reduce -1.4% 1.62% −0.02
NRDS Nerdwallet Inc. Class A Sold out 0.00% −0.01
ALL Allstate Corp. Sold out 0.00% −0.01
BANC Banc of California Inc. Reduce -13.1% 0.19% −0.01
UMBF Umb Financial Corp. Reduce -5.5% 0.63% −0.01
HWC Hancock Whitney Corp. Reduce -2.4% 0.67% −0.01
WSFS WSFS Financial Corp. Sold out 0.00% −0.00
LAZ Lazard Inc. Reduce -2.7% 0.47% −0.00
FLG Flagstar Bank NA Reduce -1.5% 0.26% +0.00
PFS Provident Financial Services Reduce -1.7% 0.37% +0.00
RJF Raymond James Financial Inc. Reduce -2.8% 0.80% +0.02
FNB FNB Corp. Reduce -0.4% 1.58% +0.04
DCOM Dime Commercial Bancshares I Reduce -0.4% 2.84% +0.08
CFG Citizens Financial Group Reduce -4.6% 1.48% +0.08

Portfolio Buys Q2 2025 → Q3 2025
KEY Keycorp Add +442279.0% 1.01% +1.01
ONB Old National Bancorp Add +102.2% 2.03% +0.98
BPOP Popular Inc. Add +85.3% 1.64% +0.82
UWMC Uwm Holdings Corp. New 0.60% +0.60
CWK Cushman & Wakefield UK Holdc Add +135.1% 0.75% +0.52
HAPN Happen Inc. Add +526.1% 0.59% +0.51
PFSI Pennymac Financial Services Add +1.5% 3.33% +0.50
IVZ Invesco Ltd. Add +40.3% 0.99% +0.47
VLY Valley National Bancorp Add +71.2% 0.95% +0.45
TOL Toll Brothers Inc. Add +9.9% 2.08% +0.40
CBZ Cbiz Inc. Add +373.5% 0.47% +0.33
ZION Zions Bancorp NA New 0.29% +0.29
SFNC Simmons First Natl Corp. Class A New 0.24% +0.24
PGR Progressive Corp. Add +1107.3% 0.26% +0.24
HBNC Horizon Bancorp Inc. New 0.19% +0.19
MHO M/I Homes Inc. Add +1.4% 1.03% +0.18
RPC Ridgepost Capital Inc. Class A Add +82.6% 0.29% +0.13
WBS Webster Financial Corp. Add +1.8% 3.40% +0.11
COLB Columbia Banking System Inc. Add +5.2% 0.92% +0.07
PWP Perella Weinberg Partners Add +2.3% 1.28% +0.06
INDB Independent Bank Corp. Add +0.3% 1.02% +0.03
BFH Bread Financial Holdings Inc. Add +10.6% 0.89% +0.01
VCTR Victory Capital Holding - A Add +2.4% 1.35% −0.04
SCHW Schwab (charles) Corp. Add +0.3% 2.09% −0.04
EQH Equitable Holdings Inc. Add +6.9% 0.62% −0.07
BOH Bank of Hawaii Corp. Add +2.0% 1.06% −0.09
OMF Onemain Holdings Inc. Add +2.0% 2.43% −0.15

Options Activity Q2 2025 → Q3 2025
TLT iShares 20+ Year Treasury BD call Add +1.3% 967,300 $86.4M
COOP Mr Cooper Group Inc. put New 351,900 $74.2M
KRE SS SPDR S&P Regional Bank put Add +24.9% 1,018,700 $64.5M
RSP Invesco S&P 500 Equal Weight put Reduce -13.2% 179,900 $34.1M
MDY State Street SPDR S&P Midcap put New 46,300 $27.6M

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