Maltese Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Maltese Capital Management LLC reported 112 stock positions worth $607.3 million. Its top holding was Citigroup (C) at 4.1% of the portfolio, followed by Amerant Bancorp (AMTB, 3.5%) and First Citizens Bcshs Class A (FCNCA, 2.8%). Compared with Q4 2024, it opened 13 new positions, sold out of 10, added to 46 and reduced 32. The biggest buy was a new position in Northpointe Bancshares (NPB) and the biggest sale an exit from US Bancorp (USB).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001040762
- Portfolio Value
- $607.3M (Q1 2025)
- SEC Filing
- 0000919574-25-003055 ↗ filed May 15, 2025
Holdings Value
Holdings 112 stocks · $607.3M
| C Citigroup Inc. | 4.10% | 351,000 | $24.9M | Reduce -13.3% |
| AMTB Amerant Bancorp Inc. | 3.54% | 1,042,604 | $21.5M | Reduce -0.6% |
| FCNCA First Citizens Bcshs Class A | 2.84% | 9,300 | $17.2M | Add +7.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.75% | 93,500 | $16.7M | Add +2.8% |
| WFC Wells Fargo & Co. | 2.42% | 205,000 | $14.7M | Reduce -36.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 2.40% | 350,000 | $14.6M | Add +20.7% |
| WAL Western Alliance Bancorp | 2.33% | 184,500 | $14.2M | Add +55.7% |
| WSBC Wesbanco Inc. | 2.30% | 451,363 | $14.0M | No change |
| ABCB Ameris Bancorp | 2.23% | 234,900 | $13.5M | Reduce -0.0% |
| EQBK Equity Bancshares Inc. Class A | 2.12% | 326,000 | $12.8M | No change |
| QCRH QCR Holdings Inc. | 2.11% | 180,000 | $12.8M | Add +14.3% |
| WBS Webster Financial Corp. | 2.08% | 245,000 | $12.6M | Reduce -7.5% |
| WABC Westamerica Bancorporation | 2.04% | 244,400 | $12.4M | No change |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 2.03% | 1,050,000 | $12.3M | Reduce -1.9% |
| WTFC Wintrust Financial Corp. | 2.03% | 109,500 | $12.3M | Add +56.2% |
| FHN First Horizon Corp. | 1.94% | 605,700 | $11.8M | No change |
| HBNC Horizon Bancorp Inc. | 1.75% | 705,000 | $10.6M | Add +6.2% |
| ZION Zions Bancorp NA | 1.74% | 212,500 | $10.6M | Add +13.3% |
| JPM JPMorgan Chase & Co. | 1.72% | 42,500 | $10.4M | Add +31.0% |
| MOFG Midwestone Financial Group I | 1.68% | 344,101 | $10.2M | Add +0.4% |
| UMBF Umb Financial Corp. | 1.58% | 95,000 | $9.6M | Add +27.0% |
| NBHC National Bank Hold Class A | 1.58% | 250,000 | $9.6M | Add +26.8% |
| NPB Northpointe Bancshares Inc. | 1.51% | 635,000 | $9.2M | New |
| FRST Primis Financial Corp. | 1.49% | 929,230 | $9.1M | Add +3.1% |
| SSB Southstate Bank Corp. | 1.49% | 97,500 | $9.0M | Add +26.4% |
| FFWM First Foundation Inc. | 1.44% | 1,680,000 | $8.7M | Add +45.0% |
| EWBC East West Bancorp Inc. | 1.40% | 95,000 | $8.5M | Reduce -36.7% |
| FSUN Firstsun Capital Bancorp | 1.34% | 225,000 | $8.1M | Add +6150.0% |
| FSBC Five Star Bancorp | 1.33% | 291,600 | $8.1M | No change |
| ESSA Essa Bancorp Inc. | 1.31% | 421,279 | $7.9M | Reduce -7.2% |
| TFC Truist Financial Corp. | 1.19% | 175,000 | $7.2M | Add +6.1% |
| RNST Renasant Corp. | 1.17% | 210,188 | $7.1M | Add +0.9% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 1.11% | 257,500 | $6.7M | Add +1497.4% |
| EFSI Eagle Financial Services Inc. | 1.08% | 200,000 | $6.6M | New |
| IBOC International Bancshares CRP | 1.04% | 100,000 | $6.3M | Add +10.0% |
| PFBC Preferred Bank/Los Angeles | 1.02% | 74,245 | $6.2M | Reduce -11.7% |
| KEY Keycorp | 0.99% | 375,000 | $6.0M | Add +546.5% |
| SF Stifel Financial Corp. | 0.95% | 61,400 | $5.8M | No change |
| UNTY Unity Bancorp Inc. | 0.95% | 142,200 | $5.8M | Reduce -8.3% |
| VLY Valley National Bancorp | 0.94% | 643,900 | $5.7M | Reduce -2.2% |
| FISI Financial Institutions Inc. | 0.93% | 226,100 | $5.6M | No change |
| USCB Uscb Financial Holdings Inc. | 0.88% | 289,200 | $5.4M | Reduce -5.5% |
| BANC Banc of California Inc. | 0.86% | 370,000 | $5.3M | Reduce -53.1% |
| HBAN Huntington Bancshares Inc. | 0.84% | 340,000 | $5.1M | Reduce -15.0% |
| FCCO First Community Corp. | 0.82% | 220,000 | $5.0M | Add +8.6% |
| ARES Ares Management Corp. Class A | 0.80% | 33,000 | $4.8M | Add +20.4% |
| BLK BlackRock Inc. | 0.79% | 5,100 | $4.8M | Reduce -10.5% |
| FBMS First Bancshares Inc. | 0.79% | 142,623 | $4.8M | Reduce -14.5% |
| FITB Fifth Third Bancorp | 0.77% | 120,000 | $4.7M | New |
| CARE Carter Bankshares Inc. | 0.77% | 288,456 | $4.7M | Add +43.5% |
| UBSI United Bankshares Inc. | 0.75% | 131,300 | $4.6M | No change |
| ISTR Investar Holding Corp. | 0.75% | 258,153 | $4.5M | Add +1.6% |
| ESQ Esquire Financial Holdings I | 0.68% | 55,000 | $4.1M | Reduce -40.2% |
| SRCE 1ST Source Corp. | 0.68% | 69,000 | $4.1M | Add +4.7% |
| EFSC Enterprise Financial Service | 0.66% | 75,000 | $4.0M | Add +10.0% |
| SASR Sandy Spring Bancorp Inc. | 0.65% | 142,100 | $4.0M | No change |
| CBNK Capital Bancorp Inc. | 0.65% | 140,000 | $4.0M | Reduce -15.6% |
| MBWM Mercantile Bank Corp. | 0.61% | 85,698 | $3.7M | Add +27.0% |
| VCTR Victory Capital Holding - A | 0.57% | 60,000 | $3.5M | Add +500.0% |
| BKU Bankunited Inc. | 0.57% | 100,000 | $3.4M | Reduce -5.3% |
| FMBH First Mid Bancshares Inc. | 0.57% | 98,500 | $3.4M | Add +13.0% |
| BEN Franklin Templeton Inc. | 0.56% | 177,000 | $3.4M | Add +96.7% |
| TRMK Trustmark Corp. | 0.55% | 97,500 | $3.4M | Add +2.2% |
| MGYR Magyar Bancorp Inc. | 0.55% | 239,000 | $3.3M | Add +3.3% |
| CCBG Capital City Bank Group Inc. | 0.54% | 91,700 | $3.3M | No change |
| CCNE CNB Financial Corp. | 0.53% | 145,600 | $3.2M | Reduce -27.6% |
| INDB Independent Bank Corp. | 0.52% | 50,000 | $3.1M | Add +150.0% |
| TOWN Towne Bank | 0.51% | 90,000 | $3.1M | Add +24.8% |
| HBCP Home Bancorp Inc. | 0.48% | 64,448 | $2.9M | Add +1.9% |
| CIVB Civista Bancshares Inc. | 0.47% | 145,000 | $2.8M | Add +16.3% |
| OPBK Op Bancorp | 0.46% | 232,500 | $2.8M | Add +3.3% |
| COF Capital One Financial Corp. | 0.44% | 15,000 | $2.7M | New |
| ONB Old National Bancorp | 0.43% | 124,561 | $2.6M | Add +75.7% |
| IROQ If Bancorp Inc. | 0.40% | 100,000 | $2.4M | Reduce -22.7% |
| SEIC Sei Investments Company | 0.38% | 30,000 | $2.3M | Add +200.0% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.36% | 212,500 | $2.2M | No change |
| HOMB Home Bancshares Inc. | 0.35% | 75,000 | $2.1M | Reduce -5.4% |
| BWB Bridgewater Bancshares Inc. | 0.34% | 148,800 | $2.1M | No change |
| PCB PCB Bancorp | 0.34% | 110,000 | $2.1M | Reduce -3.8% |
| IBCP Independent Bank Corp. - Mich | 0.33% | 64,992 | $2.0M | No change |
| EQFN Equitable Financial Corp. | 0.31% | 147,513 | $1.9M | Reduce -7.5% |
| WLFC Willis Lease Finance Corp. | 0.28% | 10,783 | $1.7M | No change |
| PPBI Pacific Premier Bancorp Inc. | 0.26% | 75,000 | $1.6M | New |
| PVBC Provident Bancorp Inc. | 0.26% | 135,948 | $1.6M | Reduce -31.0% |
| WRIV White River Bancshares Co. | 0.26% | 40,000 | $1.6M | Reduce -8.6% |
| COFS Choiceone Financial SVCS Inc. | 0.25% | 52,005 | $1.5M | No change |
| HOPE Hope Bancorp Inc. | 0.24% | 140,000 | $1.5M | Reduce -46.9% |
| CFG Citizens Financial Group | 0.24% | 35,000 | $1.4M | Reduce -47.2% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 0.23% | 50,000 | $1.4M | Reduce -83.5% |
| FFBC First Financial Bancorp | 0.21% | 50,000 | $1.2M | Add +42.9% |
| SCHW Schwab (charles) Corp. | 0.19% | 15,000 | $1.2M | New |
| WNEB Western New England Bancorp | 0.19% | 122,000 | $1.1M | New |
| PWOD Penns Woods Bancorp Inc. | 0.19% | 40,546 | $1.1M | Reduce -47.3% |
| IVZ Invesco Ltd. | 0.17% | 70,000 | $1.1M | New |
| PEBK Peoples Bancorp of NC | 0.17% | 36,859 | $1.0M | Add +13.1% |
| GNTY Guaranty Bancshares Inc. | 0.16% | 25,000 | $1.0M | New |
| PBBK PB Bankshares Inc. | 0.16% | 60,000 | $987K | No change |
| PB Prosperity Bancshares Inc. | 0.15% | 12,500 | $892K | New |
| AFBI Affinity Bancshares Inc. | 0.14% | 47,000 | $835K | Add +840.0% |
| TRST Trustco Bank Corp. NY | 0.13% | 26,200 | $799K | No change |
Other holdings (4): bonds, preferreds, convertibles and warrants · $7.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | 98,000 | $2.4M | Reduce -0.9% |
| 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 | No change |
| MERCHANTS BANCORP (MBIN 7.625 PERP) | Preferred | 52,885 | $1.3M | Reduce -18.6% |
Total filed on the 13F, all lines: $614.9M.
Portfolio Sells Q4 2024 → Q1 2025
| USB US Bancorp | Sold out | 0.00% | −3.31 |
| DCOM Dime Commercial Bancshares I | Reduce -83.5% | 0.23% | −1.21 |
| WFC Wells Fargo & Co. | Reduce -36.8% | 2.42% | −1.10 |
| BANC Banc of California Inc. | Reduce -53.1% | 0.86% | −1.02 |
| LEN.B Lennar Corp. Class B | Sold out | 0.00% | −0.92 |
| ORRF Orrstown Finl Services Inc. | Sold out | 0.00% | −0.85 |
| EWBC East West Bancorp Inc. | Reduce -36.7% | 1.40% | −0.82 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.67 |
| COLB Columbia Banking System Inc. | Sold out | 0.00% | −0.58 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.56 |
| ESQ Esquire Financial Holdings I | Reduce -40.2% | 0.68% | −0.45 |
| CRBG Corebridge Financial Inc. | Sold out | 0.00% | −0.42 |
| FFIC Flushing Financial Corp. | Sold out | 0.00% | −0.36 |
| C Citigroup Inc. | Reduce -13.3% | 4.10% | −0.30 |
| HOPE Hope Bancorp Inc. | Reduce -46.9% | 0.24% | −0.26 |
| FNB FNB Corp. | Sold out | 0.00% | −0.25 |
| CCNE CNB Financial Corp. | Reduce -27.6% | 0.53% | −0.24 |
| BAM Brookfield Asset Mgmt-A | Reduce -73.3% | 0.08% | −0.23 |
| CFG Citizens Financial Group | Reduce -47.2% | 0.24% | −0.21 |
| WBS Webster Financial Corp. | Reduce -7.5% | 2.08% | −0.18 |
| PWOD Penns Woods Bancorp Inc. | Reduce -47.3% | 0.19% | −0.18 |
| HBAN Huntington Bancshares Inc. | Reduce -15.0% | 0.84% | −0.17 |
| BLK BlackRock Inc. | Reduce -10.5% | 0.79% | −0.11 |
| FBMS First Bancshares Inc. | Reduce -14.5% | 0.79% | −0.11 |
| PFBC Preferred Bank/Los Angeles | Reduce -11.7% | 1.02% | −0.10 |
| UNTY Unity Bancorp Inc. | Reduce -8.3% | 0.95% | −0.09 |
| PVBC Provident Bancorp Inc. | Reduce -31.0% | 0.26% | −0.09 |
| AMTB Amerant Bancorp Inc. | Reduce -0.6% | 3.54% | −0.09 |
| CBNK Capital Bancorp Inc. | Reduce -15.6% | 0.65% | −0.08 |
| JHG Janus Henderson Group PLC | Reduce -51.2% | 0.06% | −0.08 |
| ESSA Essa Bancorp Inc. | Reduce -7.2% | 1.31% | −0.06 |
| IROQ If Bancorp Inc. | Reduce -22.7% | 0.40% | −0.06 |
| BKU Bankunited Inc. | Reduce -5.3% | 0.57% | −0.06 |
| ABCB Ameris Bancorp | Reduce -0.0% | 2.23% | −0.05 |
| PFIS Peoples Financial Services | Sold out | 0.00% | −0.04 |
| PCB PCB Bancorp | Reduce -3.8% | 0.34% | −0.02 |
| EQFN Equitable Financial Corp. | Reduce -7.5% | 0.31% | −0.00 |
| HOMB Home Bancshares Inc. | Reduce -5.4% | 0.35% | +0.00 |
| WRIV White River Bancshares Co. | Reduce -8.6% | 0.26% | +0.02 |
| VLY Valley National Bancorp | Reduce -2.2% | 0.94% | +0.02 |
| USCB Uscb Financial Holdings Inc. | Reduce -5.5% | 0.88% | +0.04 |
| MCHB Mechanics Bancorp Class A | Reduce -1.9% | 2.03% | +0.14 |
Portfolio Buys Q4 2024 → Q1 2025
| NPB Northpointe Bancshares Inc. | New | 1.51% | +1.51 |
| FSUN Firstsun Capital Bancorp | Add +6150.0% | 1.34% | +1.32 |
| EFSI Eagle Financial Services Inc. | New | 1.08% | +1.08 |
| BBT Beacon Financial Corp. | Add +1497.4% | 1.11% | +1.04 |
| KEY Keycorp | Add +546.5% | 0.99% | +0.83 |
| WAL Western Alliance Bancorp | Add +55.7% | 2.33% | +0.80 |
| FITB Fifth Third Bancorp | New | 0.77% | +0.77 |
| WTFC Wintrust Financial Corp. | Add +56.2% | 2.03% | +0.68 |
| JPM JPMorgan Chase & Co. | Add +31.0% | 1.72% | +0.51 |
| VCTR Victory Capital Holding - A | Add +500.0% | 0.57% | +0.47 |
| COF Capital One Financial Corp. | New | 0.44% | +0.44 |
| BAC Bank of America Corp. | Add +20.7% | 2.40% | +0.44 |
| FFWM First Foundation Inc. | Add +45.0% | 1.44% | +0.32 |
| INDB Independent Bank Corp. | Add +150.0% | 0.52% | +0.32 |
| SSB Southstate Bank Corp. | Add +26.4% | 1.49% | +0.30 |
| BEN Franklin Templeton Inc. | Add +96.7% | 0.56% | +0.28 |
| UMBF Umb Financial Corp. | Add +27.0% | 1.58% | +0.28 |
| NBHC National Bank Hold Class A | Add +26.8% | 1.58% | +0.26 |
| PPBI Pacific Premier Bancorp Inc. | New | 0.26% | +0.26 |
| SEIC Sei Investments Company | Add +200.0% | 0.38% | +0.26 |
| CARE Carter Bankshares Inc. | Add +43.5% | 0.77% | +0.22 |
| ONB Old National Bancorp | Add +75.7% | 0.43% | +0.20 |
| SCHW Schwab (charles) Corp. | New | 0.19% | +0.19 |
| WNEB Western New England Bancorp | New | 0.19% | +0.19 |
| IVZ Invesco Ltd. | New | 0.17% | +0.17 |
| ZION Zions Bancorp NA | Add +13.3% | 1.74% | +0.17 |
| GNTY Guaranty Bancshares Inc. | New | 0.16% | +0.16 |
| IBOC International Bancshares CRP | Add +10.0% | 1.04% | +0.15 |
| QCRH QCR Holdings Inc. | Add +14.3% | 2.11% | +0.15 |
| MBWM Mercantile Bank Corp. | Add +27.0% | 0.61% | +0.15 |
| PB Prosperity Bancshares Inc. | New | 0.15% | +0.15 |
| MOFG Midwestone Financial Group I | Add +0.4% | 1.68% | +0.14 |
| TOWN Towne Bank | Add +24.8% | 0.51% | +0.13 |
| AFBI Affinity Bancshares Inc. | Add +840.0% | 0.14% | +0.12 |
| MTB M & T Bank Corp. | Add +2.8% | 2.75% | +0.11 |
| HBNC Horizon Bancorp Inc. | Add +6.2% | 1.75% | +0.10 |
| SRCE 1ST Source Corp. | Add +4.7% | 0.68% | +0.09 |
| TFC Truist Financial Corp. | Add +6.1% | 1.19% | +0.08 |
| WT Wisdomtree Inc. | New | 0.07% | +0.07 |
| FMBH First Mid Bancshares Inc. | Add +13.0% | 0.57% | +0.07 |
| EFSC Enterprise Financial Service | Add +10.0% | 0.66% | +0.07 |
| FCCO First Community Corp. | Add +8.6% | 0.82% | +0.07 |
| CIVB Civista Bancshares Inc. | Add +16.3% | 0.47% | +0.06 |
| FFBC First Financial Bancorp | Add +42.9% | 0.21% | +0.06 |
| ARES Ares Management Corp. Class A | Add +20.4% | 0.80% | +0.05 |
| FVCB Fvcbankcorp Inc. | Add +233.3% | 0.05% | +0.03 |
| TRMK Trustmark Corp. | Add +2.2% | 0.55% | +0.03 |
| LPLA LPL Financial Holdings Inc. | New | 0.03% | +0.03 |
| MGYR Magyar Bancorp Inc. | Add +3.3% | 0.55% | +0.03 |
| HBCP Home Bancorp Inc. | Add +1.9% | 0.48% | +0.02 |
Notes & Other Activity Q4 2024 → Q1 2025
| BANC OF CALIFORNIA INC (BANC V7.75 PERP F) | NON 13F SECURITY | Reduce -0.9% | 98,000 | $2.4M |
| MERCHANTS BANCORP (MBIN 7.625 PERP) | Preferred | Reduce -18.6% | 52,885 | $1.3M |
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 |