Maltese Capital Management LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Maltese Capital Management LLC reported 86 stock positions worth $512.7 million. Its top holding was Citigroup (C) at 5.5% of the portfolio, followed by First Citizens Bcshs Class A (FCNCA, 4.2%) and Banc of California (BANC, 4.2%). Compared with Q4 2023, it opened 10 new positions, sold out of 12, added to 47 and reduced 26. The biggest buy was a new position in Mechanics Bancorp Class A (MCHB) and the biggest sale an exit from Columbia Banking System (COLB).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001040762
- Portfolio Value
- $512.7M (Q1 2024)
- SEC Filing
- 0000919574-24-003047 ↗ filed May 15, 2024
Holdings Value
Holdings 86 stocks · $512.7M
| C Citigroup Inc. | 5.49% | 445,000 | $28.1M | Add +161.8% |
| FCNCA First Citizens Bcshs Class A | 4.15% | 13,020 | $21.3M | Add +57.9% |
| BANC Banc of California Inc. | 4.15% | 1,399,000 | $21.3M | Add +171.7% |
| WTFC Wintrust Financial Corp. | 3.97% | 195,000 | $20.4M | Add +178.6% |
| WAL Western Alliance Bancorp | 3.79% | 303,100 | $19.5M | Add +34.7% |
| EWBC East West Bancorp Inc. | 3.56% | 230,600 | $18.2M | Add +59.0% |
| ZION Zions Bancorp NA | 3.51% | 415,000 | $18.0M | Add +102.4% |
| WBS Webster Financial Corp. | 3.42% | 345,000 | $17.5M | Add +53.3% |
| WABC Westamerica Bancorporation | 3.34% | 350,715 | $17.1M | Add +130.0% |
| WFC Wells Fargo & Co. | 3.17% | 280,000 | $16.2M | Reduce -24.4% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 3.15% | 1,071,820 | $16.1M | New |
| NBHC National Bank Hold Class A | 2.64% | 375,800 | $13.6M | Add +52.1% |
| USB US Bancorp | 2.48% | 285,000 | $12.7M | Add +18.8% |
| FHN First Horizon Corp. | 2.28% | 760,000 | $11.7M | Add +778.6% |
| LEN.B Lennar Corp. Class B | 2.01% | 66,998 | $10.3M | Reduce -15.4% |
| AMTB Amerant Bancorp Inc. | 2.01% | 442,500 | $10.3M | Add +100.8% |
| HBAN Huntington Bancshares Inc. | 1.97% | 725,000 | $10.1M | Add +326.5% |
| ABCB Ameris Bancorp | 1.93% | 205,000 | $9.9M | Add +32.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.89% | 66,800 | $9.7M | Reduce -33.5% |
| PFBC Preferred Bank/Los Angeles | 1.86% | 124,200 | $9.5M | Add +11.8% |
| FRST Primis Financial Corp. | 1.75% | 739,000 | $9.0M | Add +4.3% |
| FSBC Five Star Bancorp | 1.67% | 380,000 | $8.6M | New |
| JPM JPMorgan Chase & Co. | 1.66% | 42,500 | $8.5M | Add +553.9% |
| HBNC Horizon Bancorp Inc. | 1.52% | 607,500 | $7.8M | Add +211.5% |
| EFSC Enterprise Financial Service | 1.50% | 190,000 | $7.7M | Add +90.0% |
| ESSA Essa Bancorp Inc. | 1.43% | 401,812 | $7.3M | Add +19.6% |
| FBMS First Bancshares Inc. | 1.42% | 280,000 | $7.3M | Add +80.7% |
| QCRH QCR Holdings Inc. | 1.32% | 111,200 | $6.8M | Add +37.2% |
| TFC Truist Financial Corp. | 1.24% | 162,500 | $6.3M | Add +225.0% |
| BKU Bankunited Inc. | 1.12% | 205,000 | $5.7M | Add +11.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.06% | 143,500 | $5.4M | Add +68.8% |
| HTLF Heartland Financial USA Inc. | 1.04% | 151,400 | $5.3M | Add +236.4% |
| VLY Valley National Bancorp | 1.04% | 667,800 | $5.3M | Add +11.3% |
| KEY Keycorp | 1.03% | 335,000 | $5.3M | New |
| ESQ Esquire Financial Holdings I | 0.97% | 105,000 | $5.0M | Add +5.0% |
| ISTR Investar Holding Corp. | 0.86% | 268,400 | $4.4M | Reduce -4.1% |
| IBOC International Bancshares CRP | 0.84% | 77,000 | $4.3M | Reduce -12.8% |
| USCB Uscb Financial Holdings Inc. | 0.83% | 375,000 | $4.3M | Reduce -10.8% |
| STBA S & T Bancorp Inc. | 0.73% | 116,600 | $3.7M | Add +191.5% |
| CBNK Capital Bancorp Inc. | 0.69% | 169,000 | $3.5M | Reduce -0.6% |
| IROQ If Bancorp Inc. | 0.61% | 189,522 | $3.2M | Reduce -9.0% |
| PNC PNC Financial Services Group | 0.61% | 19,200 | $3.1M | Add +31.5% |
| SSB Southstate Bank Corp. | 0.58% | 35,100 | $3.0M | Add +45.0% |
| KKR KKR & Co. Inc. | 0.58% | 29,600 | $3.0M | Reduce -6.9% |
| EQBK Equity Bancshares Inc. Class A | 0.58% | 86,303 | $3.0M | New |
| MCBC Macatawa Bank Corp. | 0.58% | 302,400 | $3.0M | Add +764.0% |
| SF Stifel Financial Corp. | 0.53% | 35,000 | $2.7M | New |
| HBCP Home Bancorp Inc. | 0.53% | 70,400 | $2.7M | Reduce -16.4% |
| WRIV White River Bancshares Co. | 0.52% | 46,503 | $2.7M | No change |
| FHI Federated Hermes Inc. | 0.51% | 72,600 | $2.6M | Reduce -14.0% |
| MBIN Merchants Bancorp | 0.51% | 60,000 | $2.6M | Reduce -59.4% |
| RJF Raymond James Financial Inc. | 0.50% | 20,000 | $2.6M | New |
| CCBG Capital City Bank Group Inc. | 0.49% | 90,600 | $2.5M | Add +20.8% |
| CFG Citizens Financial Group | 0.48% | 67,500 | $2.4M | Reduce -4.8% |
| EQFN Equitable Financial Corp. | 0.47% | 187,644 | $2.4M | Reduce -1.4% |
| HOMB Home Bancshares Inc. | 0.47% | 97,500 | $2.4M | Reduce -12.5% |
| OPBK Op Bancorp | 0.43% | 219,252 | $2.2M | Add +86.6% |
| ARES Ares Management Corp. Class A | 0.42% | 16,100 | $2.1M | Add +222.0% |
| FCCO First Community Corp. | 0.41% | 119,589 | $2.1M | Add +39.4% |
| OCFC Oceanfirst Financial Corp. | 0.40% | 125,400 | $2.1M | Add +401.6% |
| APO Apollo Global Management Inc. | 0.38% | 17,500 | $2.0M | New |
| AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC | 0.36% | 80,000 | $1.8M | Reduce -72.2% |
| TRMK Trustmark Corp. | 0.35% | 64,300 | $1.8M | Add +543.0% |
| PCB PCB Bancorp | 0.32% | 99,200 | $1.6M | Add +6.8% |
| ENV Envestnet Inc. | 0.30% | 26,400 | $1.5M | Add +164.0% |
| CIVB Civista Bancshares Inc. | 0.29% | 96,700 | $1.5M | Reduce -22.6% |
| NBTB N B T Bancorp Inc. | 0.29% | 40,000 | $1.5M | Add +87.8% |
| MGYR Magyar Bancorp Inc. | 0.28% | 130,150 | $1.4M | Add +59.1% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.28% | 212,125 | $1.4M | Reduce -1.1% |
| BWB Bridgewater Bancshares Inc. | 0.26% | 112,500 | $1.3M | Add +150.0% |
| CCNE CNB Financial Corp. | 0.25% | 63,900 | $1.3M | Add +16.2% |
| SRCE 1ST Source Corp. | 0.23% | 22,700 | $1.2M | New |
| PBBK PB Bankshares Inc. | 0.21% | 82,895 | $1.1M | Reduce -2.5% |
| SBCF Seacoast Banking Corp. | 0.19% | 38,600 | $980K | Reduce -15.9% |
| PVBC Provident Bancorp Inc. | 0.18% | 103,827 | $945K | Reduce -16.3% |
| ECBK Ecb Bancorp Inc. | 0.17% | 67,952 | $882K | Reduce -28.5% |
| AMK Assetmark Financial Holdings | 0.14% | 20,000 | $708K | Add +268.3% |
| TCBC TC Bancshares Inc. | 0.13% | 49,800 | $685K | Reduce -23.4% |
| FFBC First Financial Bancorp | 0.13% | 30,000 | $673K | Reduce -29.4% |
| WLFC Willis Lease Finance Corp. | 0.13% | 13,083 | $649K | No change |
| BEN Franklin Templeton Inc. | 0.11% | 20,000 | $562K | New |
| PEBK Peoples Bancorp of NC | 0.09% | 16,785 | $467K | Reduce -4.1% |
| HOPE Hope Bancorp Inc. | 0.09% | 40,000 | $460K | New |
| PDLB Ponce Financial Group Inc. | 0.06% | 37,257 | $332K | Reduce -82.1% |
| SBT Sterling Bancorp Inc. | 0.05% | 45,000 | $232K | Add +49.3% |
| AFBI Affinity Bancshares Inc. | 0.03% | 8,000 | $132K | No change |
Other holdings (3): bonds, preferreds, convertibles and warrants · $6.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | 138,080 | $3.2M | No change |
| MERCHANTS BANCORP (MBIN V8.25 PERP) | Preferred | 104,400 | $2.7M | No change |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 18,400 | $604K | New |
Total filed on the 13F, all lines: $519.2M.
Portfolio Sells Q4 2023 → Q1 2024
| COLB Columbia Banking System Inc. | Sold out | 0.00% | −3.61 |
| WFC Wells Fargo & Co. | Reduce -24.4% | 3.17% | −2.05 |
| MTB M & T Bank Corp. | Reduce -33.5% | 1.89% | −2.05 |
| FFWM First Foundation Inc. | Sold out | 0.00% | −2.01 |
| MBIN Merchants Bancorp | Reduce -59.4% | 0.51% | −1.29 |
| AAMI Acadian Asset Management Inc. | Reduce -72.2% | 0.36% | −1.22 |
| LEN.B Lennar Corp. Class B | Reduce -15.4% | 2.01% | −1.02 |
| USCB Uscb Financial Holdings Inc. | Reduce -10.8% | 0.83% | −0.64 |
| CRBG Corebridge Financial Inc. | Sold out | 0.00% | −0.62 |
| TOWN Towne Bank | Sold out | 0.00% | −0.60 |
| IBOC International Bancshares CRP | Reduce -12.8% | 0.84% | −0.53 |
| PDLB Ponce Financial Group Inc. | Reduce -82.1% | 0.06% | −0.52 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.51 |
| RPC Ridgepost Capital Inc. Class A | Sold out | 0.00% | −0.50 |
| CBNK Capital Bancorp Inc. | Reduce -0.6% | 0.69% | −0.49 |
| HBCP Home Bancorp Inc. | Reduce -16.4% | 0.53% | −0.49 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.40 |
| WT Wisdomtree Inc. | Sold out | 0.00% | −0.38 |
| CIVB Civista Bancshares Inc. | Reduce -22.6% | 0.29% | −0.37 |
| IROQ If Bancorp Inc. | Reduce -9.0% | 0.61% | −0.34 |
| HOMB Home Bancshares Inc. | Reduce -12.5% | 0.47% | −0.34 |
| ISTR Investar Holding Corp. | Reduce -4.1% | 0.86% | −0.34 |
| FHI Federated Hermes Inc. | Reduce -14.0% | 0.51% | −0.31 |
| MSVB Mid-Southern Bancorp Inc. | Sold out | 0.00% | −0.28 |
| CFG Citizens Financial Group | Reduce -4.8% | 0.48% | −0.20 |
| SBCF Seacoast Banking Corp. | Reduce -15.9% | 0.19% | −0.18 |
| KKR KKR & Co. Inc. | Reduce -6.9% | 0.58% | −0.17 |
| PVBC Provident Bancorp Inc. | Reduce -16.3% | 0.18% | −0.17 |
| ECBK Ecb Bancorp Inc. | Reduce -28.5% | 0.17% | −0.17 |
| FFBC First Financial Bancorp | Reduce -29.4% | 0.13% | −0.16 |
| EQFN Equitable Financial Corp. | Reduce -1.4% | 0.47% | −0.15 |
| BCOW 1895 Bancorp of Wisconsin Inc. | Reduce -1.1% | 0.28% | −0.15 |
| TCBC TC Bancshares Inc. | Reduce -23.4% | 0.13% | −0.12 |
| PBBK PB Bankshares Inc. | Reduce -2.5% | 0.21% | −0.10 |
| PEBK Peoples Bancorp of NC | Reduce -4.1% | 0.09% | −0.06 |
| FISI Financial Institutions Inc. | Sold out | 0.00% | −0.02 |
| IBCP Independent Bank Corp. - Mich | Sold out | 0.00% | −0.01 |
| CARV Carver Bancorp Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| MCHB Mechanics Bancorp Class A | New | 3.15% | +3.15 |
| C Citigroup Inc. | Add +161.8% | 5.49% | +2.98 |
| BANC Banc of California Inc. | Add +171.7% | 4.15% | +2.17 |
| WTFC Wintrust Financial Corp. | Add +178.6% | 3.97% | +2.11 |
| FHN First Horizon Corp. | Add +778.6% | 2.28% | +1.93 |
| FSBC Five Star Bancorp | New | 1.67% | +1.67 |
| HBAN Huntington Bancshares Inc. | Add +326.5% | 1.97% | +1.35 |
| JPM JPMorgan Chase & Co. | Add +553.9% | 1.66% | +1.34 |
| KEY Keycorp | New | 1.03% | +1.03 |
| ZION Zions Bancorp NA | Add +102.4% | 3.51% | +0.94 |
| WABC Westamerica Bancorporation | Add +130.0% | 3.34% | +0.88 |
| FCNCA First Citizens Bcshs Class A | Add +57.9% | 4.15% | +0.80 |
| HBNC Horizon Bancorp Inc. | Add +211.5% | 1.52% | +0.72 |
| TFC Truist Financial Corp. | Add +225.0% | 1.24% | +0.71 |
| EQBK Equity Bancshares Inc. Class A | New | 0.58% | +0.58 |
| EWBC East West Bancorp Inc. | Add +59.0% | 3.56% | +0.57 |
| HTLF Heartland Financial USA Inc. | Add +236.4% | 1.04% | +0.55 |
| SF Stifel Financial Corp. | New | 0.53% | +0.53 |
| RJF Raymond James Financial Inc. | New | 0.50% | +0.50 |
| MCBC Macatawa Bank Corp. | Add +764.0% | 0.58% | +0.46 |
| AMTB Amerant Bancorp Inc. | Add +100.8% | 2.01% | +0.46 |
| APO Apollo Global Management Inc. | New | 0.38% | +0.38 |
| STBA S & T Bancorp Inc. | Add +191.5% | 0.73% | +0.35 |
| OCFC Oceanfirst Financial Corp. | Add +401.6% | 0.40% | +0.28 |
| TRMK Trustmark Corp. | Add +543.0% | 0.35% | +0.27 |
| ARES Ares Management Corp. Class A | Add +222.0% | 0.42% | +0.25 |
| BAC Bank of America Corp. | Add +68.8% | 1.06% | +0.24 |
| SRCE 1ST Source Corp. | New | 0.23% | +0.23 |
| EFSC Enterprise Financial Service | Add +90.0% | 1.50% | +0.22 |
| ENV Envestnet Inc. | Add +164.0% | 0.30% | +0.16 |
| WBS Webster Financial Corp. | Add +53.3% | 3.42% | +0.15 |
| FBMS First Bancshares Inc. | Add +80.7% | 1.42% | +0.12 |
| BEN Franklin Templeton Inc. | New | 0.11% | +0.11 |
| AMK Assetmark Financial Holdings | Add +268.3% | 0.14% | +0.09 |
| HOPE Hope Bancorp Inc. | New | 0.09% | +0.09 |
| BWB Bridgewater Bancshares Inc. | Add +150.0% | 0.26% | +0.08 |
| OPBK Op Bancorp | Add +86.6% | 0.43% | +0.06 |
| NBTB N B T Bancorp Inc. | Add +87.8% | 0.29% | +0.03 |
| MGYR Magyar Bancorp Inc. | Add +59.1% | 0.28% | +0.02 |
| NBHC National Bank Hold Class A | Add +52.1% | 2.64% | +0.01 |
| SSB Southstate Bank Corp. | Add +45.0% | 0.58% | −0.00 |
| SBT Sterling Bancorp Inc. | Add +49.3% | 0.05% | −0.00 |
| QCRH QCR Holdings Inc. | Add +37.2% | 1.32% | −0.04 |
| PNC PNC Financial Services Group | Add +31.5% | 0.61% | −0.04 |
| CCNE CNB Financial Corp. | Add +16.2% | 0.25% | −0.10 |
| FCCO First Community Corp. | Add +39.4% | 0.41% | −0.12 |
| CCBG Capital City Bank Group Inc. | Add +20.8% | 0.49% | −0.14 |
| PCB PCB Bancorp | Add +6.8% | 0.32% | −0.17 |
| ABCB Ameris Bancorp | Add +32.3% | 1.93% | −0.42 |
| WAL Western Alliance Bancorp | Add +34.7% | 3.79% | −0.44 |
Notes & Other Activity Q4 2023 → Q1 2024
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | New | 18,400 | $604K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 97 | $538.3M | SSB, USB, FSUN, FRST, NBHC |
| Q1 2026 | 101 | $498.3M | SSB, FFWM, CCNE, C, EQBK |
| Q4 2025 | 104 | $553.7M | SSB, C, FFWM, EQBK, WBS |
| Q3 2025 | 119 | $648.1M | C, AMTB, WAL, NBHC, WBS |
| Q2 2025 | 119 | $705.9M | C, MTB, QCRH, AMTB, WFC |
| Q1 2025 | 112 | $607.3M | C, AMTB, FCNCA, MTB, WFC |
| Q4 2024 | 109 | $647.1M | C, AMTB, WFC, USB, FCNCA |
| Q3 2024 | 98 | $611.2M | FCNCA, C, USB, AMTB, WTFC |
| Q2 2024 | 89 | $534.4M | C, WFC, FCNCA, WTFC, EWBC |
| Q1 2024 | 86 | $512.7M | C, FCNCA, BANC, WTFC, WAL |