Maltese Capital Management LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Maltese Capital Management LLC reported 98 stock positions worth $611.2 million. Its top holding was First Citizens Bcshs Class A (FCNCA) at 4.2% of the portfolio, followed by Citigroup (C, 3.9%) and US Bancorp (USB, 3.8%). Compared with Q2 2024, it opened 18 new positions, sold out of 9, added to 26 and reduced 47. The biggest buy was a new position in Wesbanco (WSBC) and the biggest sale Wells Fargo (WFC, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001040762
- Portfolio Value
- $611.2M (Q3 2024)
- SEC Filing
- 0000919574-24-006752 ↗ filed Nov 14, 2024
Holdings Value
Holdings 98 stocks · $611.2M
| FCNCA First Citizens Bcshs Class A | 4.25% | 14,100 | $26.0M | Reduce -3.4% |
| C Citigroup Inc. | 3.86% | 376,400 | $23.6M | Reduce -12.8% |
| USB US Bancorp | 3.78% | 505,000 | $23.1M | Add +27.5% |
| AMTB Amerant Bancorp Inc. | 3.68% | 1,052,207 | $22.5M | Add +101.2% |
| WTFC Wintrust Financial Corp. | 2.91% | 163,600 | $17.8M | Reduce -24.8% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.80% | 96,000 | $17.1M | Add +38.2% |
| ABCB Ameris Bancorp | 2.64% | 258,800 | $16.1M | Add +25.6% |
| WBS Webster Financial Corp. | 2.55% | 334,700 | $15.6M | Reduce -2.3% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 2.52% | 978,140 | $15.4M | Reduce -3.2% |
| EWBC East West Bancorp Inc. | 2.45% | 181,100 | $15.0M | Reduce -23.2% |
| NBHC National Bank Hold Class A | 2.38% | 345,000 | $14.5M | Reduce -7.3% |
| BANC Banc of California Inc. | 2.35% | 974,600 | $14.4M | Reduce -21.9% |
| WSBC Wesbanco Inc. | 2.13% | 436,363 | $13.0M | New |
| UMBF Umb Financial Corp. | 2.02% | 117,400 | $12.3M | Add +61.8% |
| FHN First Horizon Corp. | 1.97% | 776,100 | $12.1M | Reduce -4.3% |
| WAL Western Alliance Bancorp | 1.88% | 132,600 | $11.5M | Reduce -50.6% |
| WABC Westamerica Bancorporation | 1.80% | 222,900 | $11.0M | Reduce -35.3% |
| QCRH QCR Holdings Inc. | 1.77% | 146,500 | $10.8M | Reduce -1.4% |
| LEN.B Lennar Corp. Class B | 1.65% | 58,198 | $10.1M | No change |
| MOFG Midwestone Financial Group I | 1.63% | 350,000 | $10.0M | New |
| ZION Zions Bancorp NA | 1.62% | 210,000 | $9.9M | Reduce -43.6% |
| HBNC Horizon Bancorp Inc. | 1.61% | 634,600 | $9.9M | Reduce -11.4% |
| FRST Primis Financial Corp. | 1.56% | 784,693 | $9.6M | Add +2.8% |
| FSBC Five Star Bancorp | 1.46% | 301,100 | $9.0M | Reduce -17.5% |
| ESSA Essa Bancorp Inc. | 1.43% | 453,800 | $8.7M | Add +1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.39% | 214,600 | $8.5M | Add +78.8% |
| JPM JPMorgan Chase & Co. | 1.35% | 39,100 | $8.2M | Reduce -35.7% |
| CRBG Corebridge Financial Inc. | 1.34% | 281,100 | $8.2M | Add +39.2% |
| HBAN Huntington Bancshares Inc. | 1.18% | 491,300 | $7.2M | Reduce -24.5% |
| SSB Southstate Bank Corp. | 1.17% | 73,500 | $7.1M | Add +67.2% |
| RNST Renasant Corp. | 1.12% | 210,288 | $6.8M | New |
| EQBK Equity Bancshares Inc. Class A | 1.12% | 167,000 | $6.8M | Add +5.8% |
| WFC Wells Fargo & Co. | 1.06% | 115,000 | $6.5M | Reduce -72.9% |
| FBMS First Bancshares Inc. | 1.01% | 192,323 | $6.2M | Reduce -41.3% |
| ESQ Esquire Financial Holdings I | 1.00% | 94,000 | $6.1M | Reduce -15.1% |
| PFBC Preferred Bank/Los Angeles | 0.98% | 74,600 | $6.0M | Reduce -40.1% |
| UNTY Unity Bancorp Inc. | 0.90% | 162,100 | $5.5M | New |
| FFWM First Foundation Inc. | 0.86% | 845,000 | $5.3M | New |
| TFC Truist Financial Corp. | 0.85% | 121,700 | $5.2M | Reduce -43.4% |
| ISTR Investar Holding Corp. | 0.82% | 259,600 | $5.0M | Reduce -1.9% |
| USCB Uscb Financial Holdings Inc. | 0.82% | 329,917 | $5.0M | Reduce -1.4% |
| BKU Bankunited Inc. | 0.79% | 131,800 | $4.8M | Reduce -32.5% |
| WAFD Wafd Inc. | 0.78% | 137,500 | $4.8M | New |
| ARES Ares Management Corp. Class A | 0.74% | 29,000 | $4.5M | New |
| SASR Sandy Spring Bancorp Inc. | 0.73% | 141,900 | $4.5M | New |
| CBNK Capital Bancorp Inc. | 0.73% | 172,900 | $4.4M | No change |
| KKR KKR & Co. Inc. | 0.73% | 34,000 | $4.4M | Add +93.2% |
| BLK BlackRock Finance Inc. | 0.70% | 4,500 | $4.3M | Reduce -16.2% |
| FCCO First Community Corp. | 0.69% | 196,362 | $4.2M | Add +44.6% |
| PNC PNC Financial Services Group | 0.68% | 22,500 | $4.2M | Add +61.9% |
| EFSC Enterprise Financial Service | 0.68% | 81,000 | $4.2M | Reduce -53.9% |
| IBOC International Bancshares CRP | 0.67% | 68,600 | $4.1M | Reduce -2.4% |
| MBIN Merchants Bancorp | 0.67% | 91,000 | $4.1M | Add +202.3% |
| SRCE 1ST Source Corp. | 0.63% | 64,792 | $3.9M | Add +34.5% |
| FCF First Commonwealth Finl Corp. | 0.63% | 225,000 | $3.9M | New |
| VLY Valley National Bancorp | 0.58% | 390,100 | $3.5M | Reduce -4.6% |
| COFS Choiceone Financial SVCS Inc. | 0.55% | 109,544 | $3.4M | New |
| IROQ If Bancorp Inc. | 0.55% | 166,604 | $3.4M | Reduce -6.3% |
| CMA Comerica Inc. | 0.52% | 53,200 | $3.2M | New |
| KEY Keycorp | 0.52% | 189,000 | $3.2M | Reduce -33.1% |
| TRMK Trustmark Corp. | 0.50% | 95,400 | $3.0M | Reduce -13.7% |
| HBCP Home Bancorp Inc. | 0.49% | 66,500 | $3.0M | No change |
| CFG Citizens Financial Group | 0.48% | 70,800 | $2.9M | Reduce -5.6% |
| CCNE CNB Financial Corp. | 0.47% | 120,000 | $2.9M | Add +263.6% |
| MGYR Magyar Bancorp Inc. | 0.46% | 228,700 | $2.8M | Add +23.0% |
| OPBK Op Bancorp | 0.45% | 219,000 | $2.7M | Reduce -0.8% |
| CCBG Capital City Bank Group Inc. | 0.45% | 77,400 | $2.7M | Reduce -23.9% |
| HOPE Hope Bancorp Inc. | 0.44% | 215,000 | $2.7M | Add +29.0% |
| UBSI United Bankshares Inc. | 0.41% | 68,300 | $2.5M | New |
| FMBH First Mid Bancshares Inc. | 0.41% | 65,000 | $2.5M | Add +224.4% |
| PNFP Pinnacle Financial Partners | 0.40% | 25,000 | $2.4M | New |
| COLB Columbia Banking System Inc. | 0.39% | 92,300 | $2.4M | New |
| FITB Fifth Third Bancorp | 0.39% | 55,000 | $2.4M | Reduce -31.3% |
| SF Stifel Financial Corp. | 0.38% | 25,000 | $2.3M | Reduce -50.0% |
| PVBC Provident Bancorp Inc. | 0.37% | 211,869 | $2.3M | Add +5.9% |
| AAMI Acadian Asset Management Inc. filed as BRIGHTSPHERE INVT GROUP INC | 0.37% | 90,000 | $2.3M | Add +163.5% |
| HOMB Home Bancshares Inc. | 0.37% | 83,105 | $2.3M | Reduce -2.6% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.36% | 220,709 | $2.2M | No change |
| FNB FNB Corp. | 0.35% | 151,500 | $2.1M | New |
| EQFN Equitable Financial Corp. | 0.35% | 164,600 | $2.1M | Reduce -1.2% |
| BWB Bridgewater Bancshares Inc. | 0.34% | 144,900 | $2.1M | Add +11.2% |
| IBCP Independent Bank Corp. - Mich | 0.33% | 60,000 | $2.0M | Reduce -56.2% |
| CIVB Civista Bancshares Inc. | 0.30% | 101,444 | $1.8M | Add +21.6% |
| ORRF Orrstown Finl Services Inc. | 0.29% | 50,000 | $1.8M | New |
| WLFC Willis Lease Finance Corp. | 0.28% | 11,683 | $1.7M | No change |
| PCB PCB Bancorp | 0.27% | 87,000 | $1.6M | Reduce -14.8% |
| JHG Janus Henderson Group PLC | 0.24% | 38,700 | $1.5M | Reduce -59.3% |
| WRIV White River Bancshares Co. | 0.24% | 50,638 | $1.4M | Add +12.0% |
| FFBC First Financial Bancorp | 0.21% | 51,400 | $1.3M | Reduce -20.9% |
| PBBK PB Bankshares Inc. | 0.15% | 60,000 | $928K | No change |
| PEBK Peoples Bancorp of NC | 0.13% | 31,100 | $790K | Add +33.8% |
| SBCF Seacoast Banking Corp. | 0.13% | 29,100 | $776K | Reduce -13.9% |
| TCBC TC Bancshares Inc. | 0.12% | 46,800 | $758K | Reduce -1.9% |
| ECBK Ecb Bancorp Inc. | 0.11% | 46,667 | $668K | Reduce -4.7% |
| SLG SL Green Realty Corp. | 0.10% | 8,900 | $620K | No change |
| VCTR Victory Capital Holding - A | 0.09% | 10,000 | $554K | Reduce -55.6% |
| TRST Trustco Bank Corp. NY | 0.08% | 15,000 | $496K | New |
| RVSB Riverview Bancorp Inc. | 0.04% | 46,065 | $217K | New |
Options reported separately and not counted above: SPY puts ($20.1M), KRE puts ($13.9M).
Other holdings (3): bonds, preferreds, convertibles and warrants · $6.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | 106,963 | $2.6M | Reduce -14.2% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 58,205 | $2.3M | Add +25.7% |
| MERCHANTS BANCORP (MBIN V8.25 PERP) | Preferred | 77,140 | $2.0M | Reduce -23.8% |
Total filed on the 13F, all lines: $618.0M.
Portfolio Sells Q2 2024 → Q3 2024
| WFC Wells Fargo & Co. | Reduce -72.9% | 1.06% | −3.66 |
| ZION Zions Bancorp NA | Reduce -43.6% | 1.62% | −1.40 |
| WABC Westamerica Bancorporation | Reduce -35.3% | 1.80% | −1.33 |
| WAL Western Alliance Bancorp | Reduce -50.6% | 1.88% | −1.28 |
| C Citigroup Inc. | Reduce -12.8% | 3.86% | −1.27 |
| WTFC Wintrust Financial Corp. | Reduce -24.8% | 2.91% | −1.11 |
| JPM JPMorgan Chase & Co. | Reduce -35.7% | 1.35% | −0.95 |
| PFBC Preferred Bank/Los Angeles | Reduce -40.1% | 0.98% | −0.78 |
| EWBC East West Bancorp Inc. | Reduce -23.2% | 2.45% | −0.78 |
| TFC Truist Financial Corp. | Reduce -43.4% | 0.85% | −0.71 |
| EFSC Enterprise Financial Service | Reduce -53.9% | 0.68% | −0.67 |
| BANC Banc of California Inc. | Reduce -21.9% | 2.35% | −0.64 |
| FBMS First Bancshares Inc. | Reduce -41.3% | 1.01% | −0.58 |
| HFWA Heritage Financial Corp. | Sold out | 0.00% | −0.54 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.51 |
| HBAN Huntington Bancshares Inc. | Reduce -24.5% | 1.18% | −0.42 |
| FHN First Horizon Corp. | Reduce -4.3% | 1.97% | −0.42 |
| STBA S & T Bancorp Inc. | Sold out | 0.00% | −0.41 |
| SF Stifel Financial Corp. | Reduce -50.0% | 0.38% | −0.40 |
| IBCP Independent Bank Corp. - Mich | Reduce -56.2% | 0.33% | −0.36 |
| JHG Janus Henderson Group PLC | Reduce -59.3% | 0.24% | −0.36 |
| FCNCA First Citizens Bcshs Class A | Reduce -3.4% | 4.25% | −0.35 |
| NBHC National Bank Hold Class A | Reduce -7.3% | 2.38% | −0.34 |
| AMP Ameriprise Financial Inc. | Sold out | 0.00% | −0.33 |
| OCFC Oceanfirst Financial Corp. | Sold out | 0.00% | −0.29 |
| BKU Bankunited Inc. | Reduce -32.5% | 0.79% | −0.28 |
| WBS Webster Financial Corp. | Reduce -2.3% | 2.55% | −0.24 |
| KEY Keycorp | Reduce -33.1% | 0.52% | −0.23 |
| NBTB N B T Bancorp Inc. | Sold out | 0.00% | −0.20 |
| FITB Fifth Third Bancorp | Reduce -31.3% | 0.39% | −0.16 |
| FSBC Five Star Bancorp | Reduce -17.5% | 1.46% | −0.15 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −0.13 |
| TRMK Trustmark Corp. | Reduce -13.7% | 0.50% | −0.13 |
| VCTR Victory Capital Holding - A | Reduce -55.6% | 0.09% | −0.11 |
| CCBG Capital City Bank Group Inc. | Reduce -23.9% | 0.45% | −0.09 |
| BLK BlackRock Finance Inc. | Reduce -16.2% | 0.70% | −0.09 |
| IBOC International Bancshares CRP | Reduce -2.4% | 0.67% | −0.08 |
| FFBC First Financial Bancorp | Reduce -20.9% | 0.21% | −0.06 |
| HBNC Horizon Bancorp Inc. | Reduce -11.4% | 1.61% | −0.04 |
| PCB PCB Bancorp | Reduce -14.8% | 0.27% | −0.04 |
| CARE Carter Bankshares Inc. | Sold out | 0.00% | −0.04 |
| SBT Sterling Bancorp Inc. | Sold out | 0.00% | −0.04 |
| CFG Citizens Financial Group | Reduce -5.6% | 0.48% | −0.03 |
| EQFN Equitable Financial Corp. | Reduce -1.2% | 0.35% | −0.03 |
| SBCF Seacoast Banking Corp. | Reduce -13.9% | 0.13% | −0.02 |
| HOMB Home Bancshares Inc. | Reduce -2.6% | 0.37% | −0.01 |
| ECBK Ecb Bancorp Inc. | Reduce -4.7% | 0.11% | −0.01 |
| TCBC TC Bancshares Inc. | Reduce -1.9% | 0.12% | +0.00 |
| IROQ If Bancorp Inc. | Reduce -6.3% | 0.55% | +0.01 |
| ESQ Esquire Financial Holdings I | Reduce -15.1% | 1.00% | +0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| WSBC Wesbanco Inc. | New | 2.13% | +2.13 |
| MOFG Midwestone Financial Group I | New | 1.63% | +1.63 |
| AMTB Amerant Bancorp Inc. | Add +101.2% | 3.68% | +1.46 |
| RNST Renasant Corp. | New | 1.12% | +1.12 |
| UNTY Unity Bancorp Inc. | New | 0.90% | +0.90 |
| UMBF Umb Financial Corp. | Add +61.8% | 2.02% | +0.89 |
| FFWM First Foundation Inc. | New | 0.86% | +0.86 |
| USB US Bancorp | Add +27.5% | 3.78% | +0.84 |
| MTB M & T Bank Corp. | Add +38.2% | 2.80% | +0.83 |
| WAFD Wafd Inc. | New | 0.78% | +0.78 |
| ARES Ares Management Corp. Class A | New | 0.74% | +0.74 |
| SASR Sandy Spring Bancorp Inc. | New | 0.73% | +0.73 |
| ABCB Ameris Bancorp | Add +25.6% | 2.64% | +0.70 |
| FCF First Commonwealth Finl Corp. | New | 0.63% | +0.63 |
| COFS Choiceone Financial SVCS Inc. | New | 0.55% | +0.55 |
| SSB Southstate Bank Corp. | Add +67.2% | 1.17% | +0.54 |
| CMA Comerica Inc. | New | 0.52% | +0.52 |
| BAC Bank of America Corp. | Add +78.8% | 1.39% | +0.50 |
| MBIN Merchants Bancorp | Add +202.3% | 0.67% | +0.44 |
| UBSI United Bankshares Inc. | New | 0.41% | +0.41 |
| PNFP Pinnacle Financial Partners | New | 0.40% | +0.40 |
| COLB Columbia Banking System Inc. | New | 0.39% | +0.39 |
| KKR KKR & Co. Inc. | Add +93.2% | 0.73% | +0.38 |
| FNB FNB Corp. | New | 0.35% | +0.35 |
| CCNE CNB Financial Corp. | Add +263.6% | 0.47% | +0.35 |
| ORRF Orrstown Finl Services Inc. | New | 0.29% | +0.29 |
| FMBH First Mid Bancshares Inc. | Add +224.4% | 0.41% | +0.29 |
| PNC PNC Financial Services Group | Add +61.9% | 0.68% | +0.28 |
| FCCO First Community Corp. | Add +44.6% | 0.69% | +0.25 |
| CRBG Corebridge Financial Inc. | Add +39.2% | 1.34% | +0.24 |
| AAMI Acadian Asset Management Inc. | Add +163.5% | 0.37% | +0.23 |
| SRCE 1ST Source Corp. | Add +34.5% | 0.63% | +0.15 |
| HOPE Hope Bancorp Inc. | Add +29.0% | 0.44% | +0.11 |
| TRST Trustco Bank Corp. NY | New | 0.08% | +0.08 |
| EQBK Equity Bancshares Inc. Class A | Add +5.8% | 1.12% | +0.08 |
| MGYR Magyar Bancorp Inc. | Add +23.0% | 0.46% | +0.07 |
| FRST Primis Financial Corp. | Add +2.8% | 1.56% | +0.07 |
| CIVB Civista Bancshares Inc. | Add +21.6% | 0.30% | +0.05 |
| BWB Bridgewater Bancshares Inc. | Add +11.2% | 0.34% | +0.05 |
| RVSB Riverview Bancorp Inc. | New | 0.04% | +0.04 |
| PEBK Peoples Bancorp of NC | Add +33.8% | 0.13% | +0.00 |
| PVBC Provident Bancorp Inc. | Add +5.9% | 0.37% | −0.01 |
| ESSA Essa Bancorp Inc. | Add +1.5% | 1.43% | −0.04 |
| WRIV White River Bancshares Co. | Add +12.0% | 0.24% | −0.22 |
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 35,000 | $20.1M |
| KRE SS SPDR S&P Regional Bank | put | New | 245,000 | $13.9M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | Reduce -14.2% | 106,963 | $2.6M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Add +25.7% | 58,205 | $2.3M |
| MERCHANTS BANCORP (MBIN V8.25 PERP) | Preferred | Reduce -23.8% | 77,140 | $2.0M |
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 |