BHZ Capital Management, LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), BHZ Capital Management, LP reported 40 stock positions worth $61.6 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 10.0% of the portfolio, followed by Banc of California (BANC, 8.6%) and First Foundation (FFWM, 7.7%). Compared with Q4 2023, it opened 1 new position, sold out of 21, added to 1 and reduced 35. The biggest buy was New York Community Bancorp (FLG, shares +174%) and the biggest sale an exit from California Bancorp (BCAL).
- Most Recent 13F
- Q2 2024
- Location
- San Jose, CA
- CIK
- 0001618872
- Portfolio Value
- $61.6M (Q1 2024)
- SEC Filing
- 0001104659-24-060306 ↗ filed May 13, 2024
Holdings Value
Holdings 40 stocks · $61.6M
| FCNCA First Citizens Bcshs Class A | 10.03% | 3,778 | $6.2M | Reduce -13.9% |
| BANC Banc of California Inc. | 8.57% | 347,123 | $5.3M | Reduce -34.3% |
| FFWM First Foundation Inc. | 7.68% | 627,068 | $4.7M | Reduce -15.5% |
| EGBN Eagle Bancorp Inc. | 7.53% | 197,610 | $4.6M | Reduce -7.1% |
| CMA Comerica Inc. | 6.87% | 76,951 | $4.2M | No change |
| VBTX Veritex Holdings Inc. | 6.50% | 195,292 | $4.0M | Reduce -15.4% |
| FLG New York Community Bancorp | 5.20% | 994,754 | $3.2M | Add +174.1% |
| FHN First Horizon Corp. | 3.92% | 156,842 | $2.4M | No change |
| THFF First Financial Corp. | 3.24% | 52,093 | $2.0M | Reduce -39.1% |
| NECB Northeast Community Bancorp | 3.16% | 123,675 | $1.9M | Reduce -29.3% |
| NFBK Northfield Bancorp Inc. | 3.00% | 189,854 | $1.8M | Reduce -19.0% |
| FFIC Flushing Financial Corp. | 2.88% | 140,858 | $1.8M | Reduce -22.4% |
| OPBK Op Bancorp | 2.63% | 162,567 | $1.6M | Reduce -35.1% |
| TCBI Texas Capital Bancshares Inc. | 2.26% | 22,669 | $1.4M | Reduce -34.5% |
| PKBK Parke Bancorp Inc. | 2.25% | 80,367 | $1.4M | Reduce -36.1% |
| RBB RBB Bancorp | 2.21% | 75,568 | $1.4M | Reduce -44.9% |
| PCB PCB Bancorp | 1.90% | 71,559 | $1.2M | Reduce -32.6% |
| FRST Primis Financial Corp. | 1.88% | 95,289 | $1.2M | Reduce -22.2% |
| CFG Citizens Financial Group | 1.80% | 30,610 | $1.1M | No change |
| CVLY Codorus Valley Bancorp Inc. | 1.60% | 43,387 | $987K | Reduce -26.8% |
| HTB Hometrust Bancshares Inc. | 1.48% | 33,402 | $913K | Reduce -43.8% |
| CCNE CNB Financial Corp. | 1.47% | 44,427 | $906K | Reduce -23.3% |
| BY Byline Bancorp Inc. | 1.23% | 34,859 | $757K | Reduce -20.3% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 1.22% | 38,886 | $749K | Reduce -53.3% |
| PBFS Pioneer Bancorp Inc. | 1.15% | 72,281 | $709K | Reduce -39.4% |
| MCBC Macatawa Bank Corp. | 1.08% | 67,682 | $663K | Reduce -40.3% |
| CTBI Community Trust Bancorp Inc. | 0.89% | 12,905 | $550K | Reduce -49.6% |
| EBTC Enterprise Bancorp Inc. | 0.88% | 20,766 | $539K | Reduce -44.3% |
| MNSB Mainstreet Bancshares Inc. | 0.83% | 28,054 | $509K | Reduce -47.9% |
| CFFI C & F Financial Corp. filed as C & F FINL CORP | 0.67% | 8,421 | $413K | Reduce -1.6% |
| PVBC Provident Bancorp Inc. | 0.67% | 45,025 | $410K | Reduce -67.2% |
| HMNF HMN Financial Inc. | 0.61% | 17,851 | $377K | Reduce -43.1% |
| FSBW FS Bancorp Inc. | 0.55% | 9,719 | $337K | Reduce -53.1% |
| MPB Mid Penn Bancorp Inc. | 0.47% | 14,451 | $289K | Reduce -39.1% |
| WSBF Waterstone Financial Inc. | 0.43% | 21,568 | $262K | Reduce -32.5% |
| SHBI Shore Bancshares Inc. | 0.33% | 17,568 | $202K | Reduce -70.6% |
| RBKB Rhinebeck Bancorp Inc. | 0.27% | 20,026 | $169K | Reduce -31.4% |
| HAFC Hanmi Financial Corporation | 0.27% | 10,442 | $166K | New |
| BOTJ Bank of the James Financial | 0.22% | 13,255 | $137K | Reduce -39.6% |
| BVFL BV Financial Inc. filed as BV FINL INC | 0.18% | 10,799 | $112K | Reduce -37.5% |
Options reported separately and not counted above: XLF puts ($23.3M), KRE puts ($3.0M).
Portfolio Sells Q4 2023 → Q1 2024
| BCAL California Bancorp | Sold out | 0.00% | −2.63 |
| TCBX Third Coast Bancshares Inc. | Sold out | 0.00% | −1.67 |
| BCML Baycom Corp. | Sold out | 0.00% | −1.36 |
| IBOC International Bancshares CRP | Sold out | 0.00% | −1.28 |
| WTFC Wintrust Financial Corp. | Sold out | 0.00% | −1.27 |
| DCOM Dime Commercial Bancshares I | Reduce -53.3% | 1.22% | −0.89 |
| BWFG Bankwell Financial Group Inc. | Sold out | 0.00% | −0.80 |
| BFIN Bankfinancial Corp. | Sold out | 0.00% | −0.78 |
| HTH Hilltop Holdings Inc. | Sold out | 0.00% | −0.70 |
| EFSC Enterprise Financial Service | Sold out | 0.00% | −0.65 |
| PVBC Provident Bancorp Inc. | Reduce -67.2% | 0.67% | −0.63 |
| BWB Bridgewater Bancshares Inc. | Sold out | 0.00% | −0.61 |
| HBCP Home Bancorp Inc. | Sold out | 0.00% | −0.61 |
| BFST Business First Bancshares | Sold out | 0.00% | −0.58 |
| NSTS NSTS Bancorp Inc. | Sold out | 0.00% | −0.47 |
| SHBI Shore Bancshares Inc. | Reduce -70.6% | 0.33% | −0.47 |
| MNSB Mainstreet Bancshares Inc. | Reduce -47.9% | 0.83% | −0.43 |
| CLST Catalyst Bancorp Inc. | Sold out | 0.00% | −0.39 |
| EBMT Eagle Bancorp Montana Inc. | Sold out | 0.00% | −0.35 |
| BCOW 1895 Bancorp of Wisconsin Inc. | Sold out | 0.00% | −0.30 |
| MGYR Magyar Bancorp Inc. | Sold out | 0.00% | −0.30 |
| EBTC Enterprise Bancorp Inc. | Reduce -44.3% | 0.88% | −0.26 |
| RBB RBB Bancorp | Reduce -44.9% | 2.21% | −0.25 |
| SBFG SB Financial Group Inc. | Sold out | 0.00% | −0.24 |
| ASRV Ameriserv Financial Inc. | Sold out | 0.00% | −0.23 |
| THFF First Financial Corp. | Reduce -39.1% | 3.24% | −0.22 |
| FSBW FS Bancorp Inc. | Reduce -53.1% | 0.55% | −0.17 |
| OPHC Optimumbank Holdings Inc. | Sold out | 0.00% | −0.17 |
| CTBI Community Trust Bancorp Inc. | Reduce -49.6% | 0.89% | −0.16 |
| LSBK Lake Shore Bancorp Inc. | Sold out | 0.00% | −0.15 |
| PKBK Parke Bancorp Inc. | Reduce -36.1% | 2.25% | −0.15 |
| MCBC Macatawa Bank Corp. | Reduce -40.3% | 1.08% | −0.13 |
| MPB Mid Penn Bancorp Inc. | Reduce -39.1% | 0.47% | −0.07 |
| HMNF HMN Financial Inc. | Reduce -43.1% | 0.61% | −0.07 |
| BVFL BV Financial Inc. | Reduce -37.5% | 0.18% | −0.05 |
| BOTJ Bank of the James Financial | Reduce -39.6% | 0.22% | −0.03 |
| HTB Hometrust Bancshares Inc. | Reduce -43.8% | 1.48% | −0.02 |
| WSBF Waterstone Financial Inc. | Reduce -32.5% | 0.43% | −0.00 |
| PBFS Pioneer Bancorp Inc. | Reduce -39.4% | 1.15% | +0.03 |
| RBKB Rhinebeck Bancorp Inc. | Reduce -31.4% | 0.27% | +0.05 |
| OPBK Op Bancorp | Reduce -35.1% | 2.63% | +0.06 |
| PCB PCB Bancorp | Reduce -32.6% | 1.90% | +0.06 |
| FFIC Flushing Financial Corp. | Reduce -22.4% | 2.88% | +0.07 |
| CFFI C & F Financial Corp. | Reduce -1.6% | 0.67% | +0.12 |
| TCBI Texas Capital Bancshares Inc. | Reduce -34.5% | 2.26% | +0.16 |
| CVLY Codorus Valley Bancorp Inc. | Reduce -26.8% | 1.60% | +0.17 |
| NFBK Northfield Bancorp Inc. | Reduce -19.0% | 3.00% | +0.22 |
| CCNE CNB Financial Corp. | Reduce -23.3% | 1.47% | +0.24 |
| NECB Northeast Community Bancorp | Reduce -29.3% | 3.16% | +0.24 |
| BY Byline Bancorp Inc. | Reduce -20.3% | 1.23% | +0.26 |
Portfolio Buys Q4 2023 → Q1 2024
Options Activity Q4 2023 → Q1 2024
| XLF SS Financial Select Sector | put | Reduce -64.1% | 554,000 | $23.3M |
| KRE SS SPDR S&P Regional Bank | put | Reduce -87.2% | 60,000 | $3.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.