Maltese Capital Management LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Maltese Capital Management LLC reported 109 stock positions worth $647.1 million. Its top holding was Citigroup (C) at 4.4% of the portfolio, followed by Amerant Bancorp (AMTB, 3.6%) and Wells Fargo (WFC, 3.5%). Compared with Q3 2024, it opened 18 new positions, sold out of 7, added to 36 and reduced 49. The biggest buy was Wells Fargo (WFC, shares +182%) and the biggest sale Wintrust Financial (WTFC, shares −57%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001040762
- Portfolio Value
- $647.1M (Q4 2024)
- SEC Filing
- 0000919574-25-001507 ↗ filed Feb 14, 2025
Holdings Value
Holdings 109 stocks · $647.1M
| C Citigroup Inc. | 4.41% | 405,000 | $28.5M | Add +7.6% |
| AMTB Amerant Bancorp Inc. | 3.63% | 1,048,507 | $23.5M | Reduce -0.3% |
| WFC Wells Fargo & Co. | 3.52% | 324,500 | $22.8M | Add +182.2% |
| USB US Bancorp | 3.31% | 447,500 | $21.4M | Reduce -11.4% |
| FCNCA First Citizens Bcshs Class A | 2.83% | 8,675 | $18.3M | Reduce -38.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.64% | 91,000 | $17.1M | Reduce -5.2% |
| ABCB Ameris Bancorp | 2.27% | 235,000 | $14.7M | Reduce -9.2% |
| WSBC Wesbanco Inc. | 2.27% | 451,363 | $14.7M | Add +3.4% |
| WBS Webster Financial Corp. | 2.26% | 265,000 | $14.6M | Reduce -20.8% |
| EWBC East West Bancorp Inc. | 2.22% | 150,000 | $14.4M | Reduce -17.2% |
| EQBK Equity Bancshares Inc. Class A | 2.14% | 326,000 | $13.8M | Add +95.2% |
| WABC Westamerica Bancorporation | 1.98% | 244,400 | $12.8M | Add +9.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.97% | 290,000 | $12.7M | Add +35.1% |
| QCRH QCR Holdings Inc. | 1.96% | 157,500 | $12.7M | Add +7.5% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 1.89% | 1,070,640 | $12.2M | Add +9.5% |
| FHN First Horizon Corp. | 1.89% | 605,700 | $12.2M | Reduce -22.0% |
| BANC Banc of California Inc. | 1.88% | 788,700 | $12.2M | Reduce -19.1% |
| HBNC Horizon Bancorp Inc. | 1.65% | 664,000 | $10.7M | Add +4.6% |
| FRST Primis Financial Corp. | 1.62% | 901,135 | $10.5M | Add +14.8% |
| ZION Zions Bancorp NA | 1.57% | 187,500 | $10.2M | Reduce -10.7% |
| MOFG Midwestone Financial Group I | 1.54% | 342,601 | $10.0M | Reduce -2.1% |
| WAL Western Alliance Bancorp | 1.53% | 118,500 | $9.9M | Reduce -10.6% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 1.44% | 302,473 | $9.3M | New |
| ESSA Essa Bancorp Inc. | 1.37% | 453,800 | $8.8M | No change |
| FSBC Five Star Bancorp | 1.36% | 291,600 | $8.8M | Reduce -3.2% |
| WTFC Wintrust Financial Corp. | 1.35% | 70,100 | $8.7M | Reduce -57.1% |
| NBHC National Bank Hold Class A | 1.31% | 197,100 | $8.5M | Reduce -42.9% |
| UMBF Umb Financial Corp. | 1.30% | 74,800 | $8.4M | Reduce -36.3% |
| JPM JPMorgan Chase & Co. | 1.20% | 32,450 | $7.8M | Reduce -17.0% |
| SSB Southstate Bank Corp. | 1.19% | 77,168 | $7.7M | Add +5.0% |
| RNST Renasant Corp. | 1.15% | 208,288 | $7.4M | Reduce -0.9% |
| ESQ Esquire Financial Holdings I | 1.13% | 92,000 | $7.3M | Reduce -2.1% |
| PFBC Preferred Bank/Los Angeles | 1.12% | 84,078 | $7.3M | Add +12.7% |
| FFWM First Foundation Inc. | 1.11% | 1,158,588 | $7.2M | Add +37.1% |
| TFC Truist Financial Corp. | 1.11% | 165,000 | $7.2M | Add +35.6% |
| UNTY Unity Bancorp Inc. | 1.04% | 155,000 | $6.8M | Reduce -4.4% |
| SF Stifel Financial Corp. | 1.01% | 61,400 | $6.5M | Add +145.6% |
| HBAN Huntington Bancshares Inc. | 1.01% | 400,000 | $6.5M | Reduce -18.6% |
| FISI Financial Institutions Inc. | 0.95% | 226,100 | $6.2M | New |
| VLY Valley National Bancorp | 0.92% | 658,200 | $6.0M | Add +68.7% |
| LEN.B Lennar Corp. Class B | 0.92% | 44,898 | $5.9M | Reduce -22.9% |
| BLK BlackRock Inc. | 0.90% | 5,700 | $5.8M | Add +26.7% |
| FBMS First Bancshares Inc. | 0.90% | 166,723 | $5.8M | Reduce -13.3% |
| IBOC International Bancshares CRP | 0.89% | 90,900 | $5.7M | Add +32.5% |
| ISTR Investar Holding Corp. | 0.86% | 254,000 | $5.6M | Reduce -2.2% |
| ORRF Orrstown Finl Services Inc. | 0.85% | 150,000 | $5.5M | Add +200.0% |
| USCB Uscb Financial Holdings Inc. | 0.84% | 305,961 | $5.4M | Reduce -7.3% |
| CCNE CNB Financial Corp. | 0.77% | 201,200 | $5.0M | Add +67.7% |
| UBSI United Bankshares Inc. | 0.76% | 131,300 | $4.9M | Add +92.2% |
| FCCO First Community Corp. | 0.75% | 202,592 | $4.9M | Add +3.2% |
| ARES Ares Management Corp. Class A | 0.75% | 27,400 | $4.9M | Reduce -5.5% |
| SASR Sandy Spring Bancorp Inc. | 0.74% | 142,100 | $4.8M | Add +0.1% |
| CBNK Capital Bancorp Inc. | 0.73% | 165,964 | $4.7M | Reduce -4.0% |
| KKR KKR & Co. Inc. | 0.67% | 29,300 | $4.3M | Reduce -13.8% |
| BKU Bankunited Inc. | 0.62% | 105,600 | $4.0M | Reduce -19.9% |
| SRCE 1ST Source Corp. | 0.59% | 65,892 | $3.8M | Add +1.7% |
| EFSC Enterprise Financial Service | 0.59% | 68,200 | $3.8M | Reduce -15.8% |
| COLB Columbia Banking System Inc. | 0.58% | 140,000 | $3.8M | Add +51.7% |
| PNC PNC Financial Services Group | 0.56% | 18,800 | $3.6M | Reduce -16.4% |
| OPBK Op Bancorp | 0.55% | 225,000 | $3.6M | Add +2.7% |
| CARE Carter Bankshares Inc. | 0.55% | 201,000 | $3.5M | New |
| MGYR Magyar Bancorp Inc. | 0.52% | 231,300 | $3.4M | Add +1.1% |
| TRMK Trustmark Corp. | 0.52% | 95,400 | $3.4M | No change |
| CCBG Capital City Bank Group Inc. | 0.52% | 91,700 | $3.4M | Add +18.5% |
| HOPE Hope Bancorp Inc. | 0.50% | 263,600 | $3.2M | Add +22.6% |
| FMBH First Mid Bancshares Inc. | 0.50% | 87,200 | $3.2M | Add +34.1% |
| MBWM Mercantile Bank Corp. | 0.46% | 67,500 | $3.0M | New |
| IROQ If Bancorp Inc. | 0.45% | 129,439 | $2.9M | Reduce -22.3% |
| HBCP Home Bancorp Inc. | 0.45% | 63,248 | $2.9M | Reduce -4.9% |
| CFG Citizens Financial Group | 0.45% | 66,300 | $2.9M | Reduce -6.4% |
| CRBG Corebridge Financial Inc. | 0.42% | 90,000 | $2.7M | Reduce -68.0% |
| CIVB Civista Bancshares Inc. | 0.41% | 124,690 | $2.6M | Add +22.9% |
| TOWN Towne Bank | 0.38% | 72,100 | $2.5M | New |
| FFIC Flushing Financial Corp. | 0.36% | 164,500 | $2.3M | New |
| PWOD Penns Woods Bancorp Inc. | 0.36% | 77,000 | $2.3M | New |
| PCB PCB Bancorp | 0.36% | 114,300 | $2.3M | Add +31.4% |
| IBCP Independent Bank Corp. - Mich | 0.35% | 64,992 | $2.3M | Add +8.3% |
| PVBC Provident Bancorp Inc. | 0.35% | 197,010 | $2.2M | Reduce -7.0% |
| HOMB Home Bancshares Inc. | 0.35% | 79,300 | $2.2M | Reduce -4.6% |
| WLFC Willis Lease Finance Corp. | 0.35% | 10,783 | $2.2M | Reduce -7.7% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.33% | 212,500 | $2.1M | Reduce -3.7% |
| EQFN Equitable Financial Corp. | 0.31% | 159,560 | $2.0M | Reduce -3.1% |
| BAM Brookfield Asset Mgmt-A | 0.31% | 37,500 | $2.0M | New |
| BWB Bridgewater Bancshares Inc. | 0.31% | 148,800 | $2.0M | Add +2.7% |
| COFS Choiceone Financial SVCS Inc. | 0.29% | 52,005 | $1.9M | Reduce -52.5% |
| BEN Franklin Templeton Inc. | 0.28% | 90,000 | $1.8M | New |
| FNB FNB Corp. | 0.25% | 110,000 | $1.6M | Reduce -27.4% |
| ONB Old National Bancorp | 0.24% | 70,900 | $1.5M | New |
| WRIV White River Bancshares Co. | 0.24% | 43,738 | $1.5M | Reduce -13.6% |
| INDB Independent Bank Corp. | 0.20% | 20,000 | $1.3M | New |
| PEBK Peoples Bancorp of NC | 0.16% | 32,601 | $1.0M | Add +4.8% |
| KEY Keycorp | 0.15% | 58,001 | $994K | Reduce -69.3% |
| FFBC First Financial Bancorp | 0.15% | 35,000 | $941K | Reduce -31.9% |
| PBBK PB Bankshares Inc. | 0.14% | 60,000 | $917K | No change |
| TRST Trustco Bank Corp. NY | 0.13% | 26,200 | $873K | Add +74.7% |
| JHG Janus Henderson Group PLC | 0.13% | 20,500 | $872K | Reduce -47.0% |
| SEIC Sei Investments Company | 0.13% | 10,000 | $825K | New |
| SBCF Seacoast Banking Corp. | 0.12% | 29,100 | $801K | No change |
| TCBC TC Bancshares Inc. | 0.12% | 44,400 | $752K | Reduce -5.1% |
| ECBK Ecb Bancorp Inc. | 0.10% | 45,500 | $675K | Reduce -2.5% |
| VCTR Victory Capital Holding - A | 0.10% | 10,000 | $655K | No change |
| SLG SL Green Realty Corp. | 0.09% | 8,500 | $577K | Reduce -4.5% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.07% | 16,120 | $458K | New |
| RVSB Riverview Bancorp Inc. | 0.04% | 46,065 | $264K | No change |
| PFIS Peoples Financial Services | 0.04% | 5,004 | $256K | New |
| FSUN Firstsun Capital Bancorp | 0.02% | 3,600 | $144K | New |
| FVCB Fvcbankcorp Inc. | 0.02% | 9,000 | $113K | New |
| AFBI Affinity Bancshares Inc. | 0.01% | 5,000 | $88K | New |
| FSFG First Savings Financial Grp | 0.01% | 1,380 | $37K | New |
Other holdings (4): bonds, preferreds, convertibles and warrants · $7.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | 98,889 | $2.4M | Reduce -7.5% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 58,205 | $2.2M | No change |
| MERCHANTS BANCORP (MBIN V8.25 PERP) | Preferred | 64,579 | $1.7M | Reduce -16.3% |
| MERCHANTS BANCORP (MBIN 7.625 PERP) | Preferred | 65,000 | $1.6M | New |
Total filed on the 13F, all lines: $655.0M.
Portfolio Sells Q3 2024 → Q4 2024
| WTFC Wintrust Financial Corp. | Reduce -57.1% | 1.35% | −1.55 |
| FCNCA First Citizens Bcshs Class A | Reduce -38.5% | 2.83% | −1.41 |
| NBHC National Bank Hold Class A | Reduce -42.9% | 1.31% | −1.06 |
| CRBG Corebridge Financial Inc. | Reduce -68.0% | 0.42% | −0.92 |
| WAFD Wafd Inc. | Sold out | 0.00% | −0.78 |
| LEN.B Lennar Corp. Class B | Reduce -22.9% | 0.92% | −0.73 |
| UMBF Umb Financial Corp. | Reduce -36.3% | 1.30% | −0.71 |
| MBIN Merchants Bancorp | Sold out | 0.00% | −0.67 |
| FCF First Commonwealth Finl Corp. | Sold out | 0.00% | −0.63 |
| CMA Comerica Inc. | Sold out | 0.00% | −0.52 |
| USB US Bancorp | Reduce -11.4% | 3.31% | −0.47 |
| BANC Banc of California Inc. | Reduce -19.1% | 1.88% | −0.46 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.40 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.39 |
| AAMI Acadian Asset Management Inc. | Sold out | 0.00% | −0.37 |
| ABCB Ameris Bancorp | Reduce -9.2% | 2.27% | −0.37 |
| KEY Keycorp | Reduce -69.3% | 0.15% | −0.36 |
| WAL Western Alliance Bancorp | Reduce -10.6% | 1.53% | −0.35 |
| WBS Webster Financial Corp. | Reduce -20.8% | 2.26% | −0.29 |
| COFS Choiceone Financial SVCS Inc. | Reduce -52.5% | 0.29% | −0.27 |
| EWBC East West Bancorp Inc. | Reduce -17.2% | 2.22% | −0.23 |
| HBAN Huntington Bancshares Inc. | Reduce -18.6% | 1.01% | −0.18 |
| BKU Bankunited Inc. | Reduce -19.9% | 0.62% | −0.16 |
| MTB M & T Bank Corp. | Reduce -5.2% | 2.64% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -17.0% | 1.20% | −0.15 |
| PNC PNC Financial Services Group | Reduce -16.4% | 0.56% | −0.12 |
| FBMS First Bancshares Inc. | Reduce -13.3% | 0.90% | −0.11 |
| FSBC Five Star Bancorp | Reduce -3.2% | 1.36% | −0.11 |
| JHG Janus Henderson Group PLC | Reduce -47.0% | 0.13% | −0.11 |
| FNB FNB Corp. | Reduce -27.4% | 0.25% | −0.10 |
| IROQ If Bancorp Inc. | Reduce -22.3% | 0.45% | −0.10 |
| MOFG Midwestone Financial Group I | Reduce -2.1% | 1.54% | −0.09 |
| FHN First Horizon Corp. | Reduce -22.0% | 1.89% | −0.09 |
| EFSC Enterprise Financial Service | Reduce -15.8% | 0.59% | −0.08 |
| FFBC First Financial Bancorp | Reduce -31.9% | 0.15% | −0.07 |
| KKR KKR & Co. Inc. | Reduce -13.8% | 0.67% | −0.06 |
| ZION Zions Bancorp NA | Reduce -10.7% | 1.57% | −0.05 |
| AMTB Amerant Bancorp Inc. | Reduce -0.3% | 3.63% | −0.05 |
| BCOW 1895 Bancorp of Wisconsin Inc. | Reduce -3.7% | 0.33% | −0.04 |
| HBCP Home Bancorp Inc. | Reduce -4.9% | 0.45% | −0.03 |
| EQFN Equitable Financial Corp. | Reduce -3.1% | 0.31% | −0.03 |
| CFG Citizens Financial Group | Reduce -6.4% | 0.45% | −0.03 |
| PVBC Provident Bancorp Inc. | Reduce -7.0% | 0.35% | −0.03 |
| HOMB Home Bancshares Inc. | Reduce -4.6% | 0.35% | −0.02 |
| SLG SL Green Realty Corp. | Reduce -4.5% | 0.09% | −0.01 |
| TCBC TC Bancshares Inc. | Reduce -5.1% | 0.12% | −0.01 |
| ECBK Ecb Bancorp Inc. | Reduce -2.5% | 0.10% | −0.01 |
| WRIV White River Bancshares Co. | Reduce -13.6% | 0.24% | +0.00 |
| CBNK Capital Bancorp Inc. | Reduce -4.0% | 0.73% | +0.00 |
| ARES Ares Management Corp. Class A | Reduce -5.5% | 0.75% | +0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| WFC Wells Fargo & Co. | Add +182.2% | 3.52% | +2.46 |
| DCOM Dime Commercial Bancshares I | New | 1.44% | +1.44 |
| EQBK Equity Bancshares Inc. Class A | Add +95.2% | 2.14% | +1.02 |
| FISI Financial Institutions Inc. | New | 0.95% | +0.95 |
| SF Stifel Financial Corp. | Add +145.6% | 1.01% | +0.62 |
| BAC Bank of America Corp. | Add +35.1% | 1.97% | +0.58 |
| ORRF Orrstown Finl Services Inc. | Add +200.0% | 0.85% | +0.55 |
| C Citigroup Inc. | Add +7.6% | 4.41% | +0.55 |
| CARE Carter Bankshares Inc. | New | 0.55% | +0.55 |
| MBWM Mercantile Bank Corp. | New | 0.46% | +0.46 |
| TOWN Towne Bank | New | 0.38% | +0.38 |
| FFIC Flushing Financial Corp. | New | 0.36% | +0.36 |
| PWOD Penns Woods Bancorp Inc. | New | 0.36% | +0.36 |
| UBSI United Bankshares Inc. | Add +92.2% | 0.76% | +0.35 |
| VLY Valley National Bancorp | Add +68.7% | 0.92% | +0.34 |
| BAM Brookfield Asset Mgmt-A | New | 0.31% | +0.31 |
| CCNE CNB Financial Corp. | Add +67.7% | 0.77% | +0.30 |
| BEN Franklin Templeton Inc. | New | 0.28% | +0.28 |
| TFC Truist Financial Corp. | Add +35.6% | 1.11% | +0.25 |
| FFWM First Foundation Inc. | Add +37.1% | 1.11% | +0.25 |
| ONB Old National Bancorp | New | 0.24% | +0.24 |
| IBOC International Bancshares CRP | Add +32.5% | 0.89% | +0.22 |
| BLK BlackRock Inc. | Add +26.7% | 0.90% | +0.20 |
| INDB Independent Bank Corp. | New | 0.20% | +0.20 |
| COLB Columbia Banking System Inc. | Add +51.7% | 0.58% | +0.19 |
| QCRH QCR Holdings Inc. | Add +7.5% | 1.96% | +0.19 |
| WABC Westamerica Bancorporation | Add +9.7% | 1.98% | +0.18 |
| WSBC Wesbanco Inc. | Add +3.4% | 2.27% | +0.14 |
| PFBC Preferred Bank/Los Angeles | Add +12.7% | 1.12% | +0.14 |
| SEIC Sei Investments Company | New | 0.13% | +0.13 |
| CIVB Civista Bancshares Inc. | Add +22.9% | 0.41% | +0.11 |
| OPBK Op Bancorp | Add +2.7% | 0.55% | +0.10 |
| PCB PCB Bancorp | Add +31.4% | 0.36% | +0.09 |
| FMBH First Mid Bancshares Inc. | Add +34.1% | 0.50% | +0.08 |
| CCBG Capital City Bank Group Inc. | Add +18.5% | 0.52% | +0.07 |
| BBT Beacon Financial Corp. | New | 0.07% | +0.07 |
| FCCO First Community Corp. | Add +3.2% | 0.75% | +0.06 |
| MGYR Magyar Bancorp Inc. | Add +1.1% | 0.52% | +0.06 |
| FRST Primis Financial Corp. | Add +14.8% | 1.62% | +0.06 |
| HOPE Hope Bancorp Inc. | Add +22.6% | 0.50% | +0.06 |
| TRST Trustco Bank Corp. NY | Add +74.7% | 0.13% | +0.05 |
| PFIS Peoples Financial Services | New | 0.04% | +0.04 |
| HBNC Horizon Bancorp Inc. | Add +4.6% | 1.65% | +0.04 |
| PEBK Peoples Bancorp of NC | Add +4.8% | 0.16% | +0.03 |
| IBCP Independent Bank Corp. - Mich | Add +8.3% | 0.35% | +0.02 |
| FSUN Firstsun Capital Bancorp | New | 0.02% | +0.02 |
| SSB Southstate Bank Corp. | Add +5.0% | 1.19% | +0.02 |
| FVCB Fvcbankcorp Inc. | New | 0.02% | +0.02 |
| AFBI Affinity Bancshares Inc. | New | 0.01% | +0.01 |
| SASR Sandy Spring Bancorp Inc. | Add +0.1% | 0.74% | +0.01 |
Options Activity Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 35,000 | $20.1Mbefore exit |
| KRE SS SPDR S&P Regional Bank | put | Sold out | 245,000 | $13.9Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | Reduce -7.5% | 98,889 | $2.4M |
| MERCHANTS BANCORP (MBIN V8.25 PERP) | Preferred | Reduce -16.3% | 64,579 | $1.7M |
| MERCHANTS BANCORP (MBIN 7.625 PERP) | Preferred | New | 65,000 | $1.6M |
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 |