Maltese Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Maltese Capital Management LLC reported 119 stock positions worth $705.9 million. Its top holding was Citigroup (C) at 3.6% of the portfolio, followed by M & T Bank (MTB, 2.9%) and QCR (QCRH, 2.7%). Compared with Q1 2025, it opened 17 new positions, sold out of 10, added to 49 and reduced 25. The biggest buy was a new position in Chime Financial Class A (CHYM) and the biggest sale an exit from First Bancshares (FBMS).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001040762
- Portfolio Value
- $705.9M (Q2 2025)
- SEC Filing
- 0000919574-25-004794 ↗ filed Aug 14, 2025
Holdings Value
Holdings 119 stocks · $705.9M
| C Citigroup Inc. | 3.62% | 300,000 | $25.5M | Reduce -14.5% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 2.89% | 105,000 | $20.4M | Add +12.3% |
| QCRH QCR Holdings Inc. | 2.74% | 285,000 | $19.4M | Add +58.3% |
| AMTB Amerant Bancorp Inc. | 2.69% | 1,042,604 | $19.0M | No change |
| WFC Wells Fargo & Co. | 2.41% | 212,500 | $17.0M | Add +3.7% |
| FCNCA First Citizens Bcshs Class A | 2.38% | 8,600 | $16.8M | Reduce -7.5% |
| WAL Western Alliance Bancorp | 2.22% | 201,000 | $15.7M | Add +8.9% |
| ABCB Ameris Bancorp | 2.18% | 237,500 | $15.4M | Add +1.1% |
| NBHC National Bank Hold Class A | 2.16% | 405,000 | $15.2M | Add +62.0% |
| MCHB Mechanics Bancorp Class A filed as HOMESTREET INC | 2.04% | 1,100,000 | $14.4M | Add +4.8% |
| WSBC Wesbanco Inc. | 2.02% | 451,663 | $14.3M | Add +0.1% |
| WBS Webster Financial Corp. | 2.01% | 260,000 | $14.2M | Add +6.1% |
| CHYM Chime Financial Inc. Class A | 1.97% | 403,400 | $13.9M | New |
| EQBK Equity Bancshares Inc. Class A | 1.88% | 326,000 | $13.3M | No change |
| ZION Zions Bancorp NA | 1.86% | 253,000 | $13.1M | Add +19.1% |
| FHN First Horizon Corp. | 1.68% | 560,000 | $11.9M | Reduce -7.5% |
| HBNC Horizon Bancorp Inc. | 1.68% | 770,000 | $11.8M | Add +9.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.68% | 250,000 | $11.8M | Reduce -28.6% |
| COF Capital One Financial Corp. | 1.66% | 55,000 | $11.7M | Add +266.7% |
| FFWM First Foundation Inc. | 1.60% | 2,211,200 | $11.3M | Add +31.6% |
| SSB Southstate Bank Corp. | 1.60% | 122,500 | $11.3M | Add +25.6% |
| FRST Primis Financial Corp. | 1.58% | 1,025,430 | $11.1M | Add +10.3% |
| UMBF Umb Financial Corp. | 1.42% | 95,400 | $10.0M | Add +0.4% |
| WTFC Wintrust Financial Corp. | 1.41% | 80,000 | $9.9M | Reduce -26.9% |
| MOFG Midwestone Financial Group I | 1.40% | 344,101 | $9.9M | No change |
| WABC Westamerica Bancorporation | 1.37% | 200,000 | $9.7M | Reduce -18.2% |
| JPM JPMorgan Chase & Co. | 1.33% | 32,500 | $9.4M | Reduce -23.5% |
| RNST Renasant Corp. | 1.32% | 260,000 | $9.3M | Add +23.7% |
| TFC Truist Financial Corp. | 1.31% | 215,000 | $9.2M | Add +22.9% |
| FSBC Five Star Bancorp | 1.18% | 291,600 | $8.3M | No change |
| ESSA Essa Bancorp Inc. | 1.16% | 421,279 | $8.2M | No change |
| NPB Northpointe Bancshares Inc. | 1.14% | 585,000 | $8.0M | Reduce -7.9% |
| FSUN Firstsun Capital Bancorp | 1.13% | 230,000 | $8.0M | Add +2.2% |
| KEY Keycorp | 1.09% | 440,000 | $7.7M | Add +17.3% |
| ONB Old National Bancorp | 1.04% | 343,700 | $7.3M | Add +175.9% |
| UNTY Unity Bancorp Inc. | 1.03% | 155,000 | $7.3M | Add +9.0% |
| BY Byline Bancorp Inc. | 0.97% | 256,600 | $6.9M | New |
| EFSI Eagle Financial Services Inc. | 0.94% | 217,500 | $6.7M | Add +8.8% |
| IBOC International Bancshares CRP | 0.94% | 100,000 | $6.7M | No change |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.91% | 257,500 | $6.4M | No change |
| SF Stifel Financial Corp. | 0.90% | 61,400 | $6.4M | No change |
| CARE Carter Bankshares Inc. | 0.90% | 364,972 | $6.3M | Add +26.5% |
| ARES Ares Management Corp. Class A | 0.86% | 35,000 | $6.1M | Add +6.1% |
| EWBC East West Bancorp Inc. | 0.86% | 60,000 | $6.1M | Reduce -36.8% |
| PFBC Preferred Bank/Los Angeles | 0.86% | 70,000 | $6.1M | Reduce -5.7% |
| VLY Valley National Bancorp | 0.81% | 642,900 | $5.7M | Reduce -0.2% |
| FISI Financial Institutions Inc. | 0.80% | 220,000 | $5.6M | Reduce -2.7% |
| FCCO First Community Corp. | 0.79% | 227,678 | $5.6M | Add +3.5% |
| FITB Fifth Third Bancorp | 0.76% | 130,000 | $5.3M | Add +8.3% |
| JCAP Jefferson Capital Inc. | 0.75% | 286,800 | $5.3M | New |
| ISTR Investar Holding Corp. | 0.71% | 258,153 | $5.0M | No change |
| USCB Uscb Financial Holdings Inc. | 0.68% | 289,200 | $4.8M | No change |
| BLK BlackRock Inc. | 0.67% | 4,500 | $4.7M | Reduce -11.8% |
| MBWM Mercantile Bank Corp. | 0.66% | 100,000 | $4.6M | Add +16.7% |
| SCHW Schwab (charles) Corp. | 0.65% | 50,000 | $4.6M | Add +233.3% |
| JHG Janus Henderson Group PLC | 0.63% | 115,000 | $4.5M | Add +1050.0% |
| CBNK Capital Bancorp Inc. | 0.59% | 125,000 | $4.2M | Reduce -10.7% |
| UBSI United Bankshares Inc. | 0.59% | 115,000 | $4.2M | Reduce -12.4% |
| EFSC Enterprise Financial Service | 0.59% | 75,000 | $4.1M | No change |
| INDB Independent Bank Corp. | 0.58% | 65,000 | $4.1M | Add +30.0% |
| SEIC Sei Investments Company | 0.57% | 45,000 | $4.0M | Add +50.0% |
| MGYR Magyar Bancorp Inc. | 0.56% | 239,100 | $4.0M | Add +0.0% |
| HBAN Huntington Bancshares Inc. | 0.55% | 230,000 | $3.9M | Reduce -32.4% |
| CFG Citizens Financial Group | 0.54% | 85,000 | $3.8M | Add +142.9% |
| FMBH First Mid Bancshares Inc. | 0.52% | 98,500 | $3.7M | No change |
| AUB Atlantic Union Bankshares Co. | 0.52% | 117,500 | $3.7M | New |
| WT Wisdomtree Inc. | 0.51% | 315,000 | $3.6M | Add +530.0% |
| BUSE First Busey Corp. | 0.49% | 150,000 | $3.4M | New |
| CIVB Civista Bancshares Inc. | 0.48% | 147,000 | $3.4M | Add +1.4% |
| CCBG Capital City Bank Group Inc. | 0.47% | 85,000 | $3.3M | Reduce -7.3% |
| HBCP Home Bancorp Inc. | 0.47% | 64,448 | $3.3M | No change |
| CCNE CNB Financial Corp. | 0.47% | 145,600 | $3.3M | No change |
| TOWN Towne Bank | 0.46% | 95,000 | $3.2M | Add +5.6% |
| VCTR Victory Capital Holding - A | 0.45% | 50,000 | $3.2M | Reduce -16.7% |
| OPBK Op Bancorp | 0.45% | 245,000 | $3.2M | Add +5.4% |
| BEN Franklin Templeton Inc. | 0.45% | 133,097 | $3.2M | Reduce -24.8% |
| OBT Orange County Bancorp Inc. | 0.44% | 120,000 | $3.1M | New |
| BWB Bridgewater Bancshares Inc. | 0.40% | 178,469 | $2.8M | Add +19.9% |
| IBCP Independent Bank Corp. - Mich | 0.40% | 87,141 | $2.8M | Add +34.1% |
| PNC PNC Financial Services Group | 0.40% | 15,000 | $2.8M | New |
| BAM Brookfield Asset Mgmt-A | 0.39% | 50,000 | $2.8M | Add +400.0% |
| ESQ Esquire Financial Holdings I | 0.36% | 27,000 | $2.6M | Reduce -50.9% |
| IROQ If Bancorp Inc. | 0.34% | 99,769 | $2.4M | Reduce -0.2% |
| IVZ Invesco Ltd. | 0.34% | 150,000 | $2.4M | Add +114.3% |
| PCB PCB Bancorp | 0.33% | 112,127 | $2.4M | Add +1.9% |
| COLB Columbia Banking System Inc. | 0.33% | 100,000 | $2.3M | New |
| WNEB Western New England Bancorp | 0.33% | 252,500 | $2.3M | Add +107.0% |
| BKU Bankunited Inc. | 0.33% | 65,000 | $2.3M | Reduce -35.0% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.31% | 212,500 | $2.2M | No change |
| HOMB Home Bancshares Inc. | 0.30% | 75,000 | $2.1M | No change |
| STBA S & T Bancorp Inc. | 0.29% | 53,500 | $2.0M | New |
| EQFN Equitable Financial Corp. | 0.27% | 147,513 | $1.9M | No change |
| HTBK Heritage Commerce Corp. | 0.27% | 190,000 | $1.9M | New |
| TRMK Trustmark Corp. | 0.26% | 50,000 | $1.8M | Reduce -48.7% |
| HOPE Hope Bancorp Inc. | 0.24% | 160,000 | $1.7M | Add +14.3% |
| WRIV White River Bancshares Co. | 0.24% | 40,000 | $1.7M | No change |
| WLFC Willis Lease Finance Corp. | 0.22% | 10,783 | $1.5M | No change |
| COFS Choiceone Financial SVCS Inc. | 0.21% | 52,005 | $1.5M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.19% | 15,000 | $1.4M | New |
| MBBC Marathon Bancorp Inc. | 0.19% | 135,000 | $1.3M | New |
Other holdings (4): 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 | 98,000 | $2.4M | No change |
| 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 | 60,000 | $1.5M | Reduce -7.1% |
| MERCHANTS BANCORP (MBIN 7.625 PERP) | Preferred | 29,895 | $688K | Reduce -43.5% |
Total filed on the 13F, all lines: $712.7M.
Portfolio Sells Q1 2025 → Q2 2025
| FBMS First Bancshares Inc. | Sold out | 0.00% | −0.79 |
| BAC Bank of America Corp. | Reduce -28.6% | 1.68% | −0.73 |
| BANC Banc of California Inc. | Reduce -75.7% | 0.18% | −0.69 |
| SRCE 1ST Source Corp. | Sold out | 0.00% | −0.68 |
| WABC Westamerica Bancorporation | Reduce -18.2% | 1.37% | −0.67 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.65 |
| WTFC Wintrust Financial Corp. | Reduce -26.9% | 1.41% | −0.62 |
| EWBC East West Bancorp Inc. | Reduce -36.8% | 0.86% | −0.55 |
| C Citigroup Inc. | Reduce -14.5% | 3.62% | −0.49 |
| FCNCA First Citizens Bcshs Class A | Reduce -7.5% | 2.38% | −0.46 |
| JPM JPMorgan Chase & Co. | Reduce -23.5% | 1.33% | −0.38 |
| NPB Northpointe Bancshares Inc. | Reduce -7.9% | 1.14% | −0.37 |
| ESQ Esquire Financial Holdings I | Reduce -50.9% | 0.36% | −0.32 |
| TRMK Trustmark Corp. | Reduce -48.7% | 0.26% | −0.30 |
| HBAN Huntington Bancshares Inc. | Reduce -32.4% | 0.55% | −0.29 |
| PPBI Pacific Premier Bancorp Inc. | Sold out | 0.00% | −0.26 |
| FHN First Horizon Corp. | Reduce -7.5% | 1.68% | −0.26 |
| PVBC Provident Bancorp Inc. | Reduce -96.9% | 0.01% | −0.25 |
| BKU Bankunited Inc. | Reduce -35.0% | 0.33% | −0.24 |
| DCOM Dime Commercial Bancshares I | Sold out | 0.00% | −0.23 |
| PWOD Penns Woods Bancorp Inc. | Sold out | 0.00% | −0.19 |
| GNTY Guaranty Bancshares Inc. | Sold out | 0.00% | −0.16 |
| PFBC Preferred Bank/Los Angeles | Reduce -5.7% | 0.86% | −0.16 |
| UBSI United Bankshares Inc. | Reduce -12.4% | 0.59% | −0.16 |
| VLY Valley National Bancorp | Reduce -0.2% | 0.81% | −0.13 |
| FISI Financial Institutions Inc. | Reduce -2.7% | 0.80% | −0.13 |
| BLK BlackRock Inc. | Reduce -11.8% | 0.67% | −0.13 |
| VCTR Victory Capital Holding - A | Reduce -16.7% | 0.45% | −0.12 |
| BEN Franklin Templeton Inc. | Reduce -24.8% | 0.45% | −0.11 |
| CCBG Capital City Bank Group Inc. | Reduce -7.3% | 0.47% | −0.07 |
| CBNK Capital Bancorp Inc. | Reduce -10.7% | 0.59% | −0.06 |
| IROQ If Bancorp Inc. | Reduce -0.2% | 0.34% | −0.05 |
| RVSB Riverview Bancorp Inc. | Sold out | 0.00% | −0.04 |
| FSFG First Savings Financial Grp | Sold out | 0.00% | −0.02 |
| HTB Hometrust Bancshares Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| CHYM Chime Financial Inc. Class A | New | 1.97% | +1.97 |
| COF Capital One Financial Corp. | Add +266.7% | 1.66% | +1.21 |
| BY Byline Bancorp Inc. | New | 0.97% | +0.97 |
| JCAP Jefferson Capital Inc. | New | 0.75% | +0.75 |
| QCRH QCR Holdings Inc. | Add +58.3% | 2.74% | +0.63 |
| ONB Old National Bancorp | Add +175.9% | 1.04% | +0.60 |
| NBHC National Bank Hold Class A | Add +62.0% | 2.16% | +0.58 |
| JHG Janus Henderson Group PLC | Add +1050.0% | 0.63% | +0.57 |
| AUB Atlantic Union Bankshares Co. | New | 0.52% | +0.52 |
| BUSE First Busey Corp. | New | 0.49% | +0.49 |
| SCHW Schwab (charles) Corp. | Add +233.3% | 0.65% | +0.45 |
| WT Wisdomtree Inc. | Add +530.0% | 0.51% | +0.44 |
| OBT Orange County Bancorp Inc. | New | 0.44% | +0.44 |
| PNC PNC Financial Services Group | New | 0.40% | +0.40 |
| COLB Columbia Banking System Inc. | New | 0.33% | +0.33 |
| BAM Brookfield Asset Mgmt-A | Add +400.0% | 0.39% | +0.31 |
| CFG Citizens Financial Group | Add +142.9% | 0.54% | +0.30 |
| STBA S & T Bancorp Inc. | New | 0.29% | +0.29 |
| HTBK Heritage Commerce Corp. | New | 0.27% | +0.27 |
| BNY Bank of New York Mellon Corp. | New | 0.19% | +0.19 |
| MBBC Marathon Bancorp Inc. | New | 0.19% | +0.19 |
| SEIC Sei Investments Company | Add +50.0% | 0.57% | +0.19 |
| FFWM First Foundation Inc. | Add +31.6% | 1.60% | +0.16 |
| IVZ Invesco Ltd. | Add +114.3% | 0.34% | +0.16 |
| FFIC Flushing Financial Corp. | New | 0.16% | +0.16 |
| BHF Brighthouse Financial Inc. | New | 0.15% | +0.15 |
| RNST Renasant Corp. | Add +23.7% | 1.32% | +0.15 |
| ACNB Acnb Corp. | New | 0.14% | +0.14 |
| WNEB Western New England Bancorp | Add +107.0% | 0.33% | +0.14 |
| MTB M & T Bank Corp. | Add +12.3% | 2.89% | +0.13 |
| USB US Bancorp | New | 0.13% | +0.13 |
| CARE Carter Bankshares Inc. | Add +26.5% | 0.90% | +0.13 |
| TFC Truist Financial Corp. | Add +22.9% | 1.31% | +0.12 |
| ZION Zions Bancorp NA | Add +19.1% | 1.86% | +0.12 |
| SSB Southstate Bank Corp. | Add +25.6% | 1.60% | +0.11 |
| LPLA LPL Financial Holdings Inc. | Add +400.0% | 0.13% | +0.11 |
| KEY Keycorp | Add +17.3% | 1.09% | +0.10 |
| FRST Primis Financial Corp. | Add +10.3% | 1.58% | +0.08 |
| UNTY Unity Bancorp Inc. | Add +9.0% | 1.03% | +0.08 |
| CBAN Colony Bankcorp | New | 0.07% | +0.07 |
| IBCP Independent Bank Corp. - Mich | Add +34.1% | 0.40% | +0.07 |
| INDB Independent Bank Corp. | Add +30.0% | 0.58% | +0.06 |
| ARES Ares Management Corp. Class A | Add +6.1% | 0.86% | +0.06 |
| BWB Bridgewater Bancshares Inc. | Add +19.9% | 0.40% | +0.06 |
| SBCF Seacoast Banking Corp. | Add +58.3% | 0.19% | +0.06 |
| MBWM Mercantile Bank Corp. | Add +16.7% | 0.66% | +0.04 |
| PEBK Peoples Bancorp of NC | Add +22.1% | 0.18% | +0.02 |
| MGYR Magyar Bancorp Inc. | Add +0.0% | 0.56% | +0.02 |
| CIVB Civista Bancshares Inc. | Add +1.4% | 0.48% | +0.02 |
| MCHB Mechanics Bancorp Class A | Add +4.8% | 2.04% | +0.01 |
Notes & Other Activity Q1 2025 → Q2 2025
| MERCHANTS BANCORP (MBIN V8.25 PERP) | Preferred | Reduce -7.1% | 60,000 | $1.5M |
| MERCHANTS BANCORP (MBIN 7.625 PERP) | Preferred | Reduce -43.5% | 29,895 | $688K |
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 |