Equal-WT
WhaleScore 2.0
?
Basswood Capital Management is based out of New York. Basswood Capital Management is a hedge fund with 11 clients and discretionary assets under management (AUM) of $1,951,000,260 (Form ADV from 2024-03-30). Their last reported 13F filing for Q3 2024 included $1,941,308,960 in managed 13F securities
and a top 10 holdings concentration of 32.11%. Basswood Capital Management's largest holding is JPMorgan Chase & Co. with shares held of 469,496. Whalewisdom has at least 90 13F filings, 46 13D filings, 221 13G filings, and 62 Form 4 filings
Business Description
Basswood Capital Management, L.L.C., also known as "Basswood," is an investment advisory firm headquartered in New York City with a second office in Westchester County, New York. Established in 1998, the firm is organized as a Delaware limited liability company. The principal owners of Basswood are Bennett Lindenbaum and Matthew Lindenbaum.
Basswood Partners, L.L.C., an affiliate of Basswood Capital Management, L.L.C., serves as the general partner of certain private investment funds for which Basswood acts as investment adviser. Basswood Partners, L.L.C. is not required to be separately registered with the SEC. References to "Basswood," "we," "us," or the "firm" encompass both Basswood Capital Management, L.L.C. and Basswood Partners, L.L.C.
Investment Strategy
The primary investment strategies aim to generate long-term capital appreciation through a value-oriented and opportunistic approach. This involves identifying undervalued or overvalued investments through fundamental research and analysis, and determining appropriate entry and exit points. The strategies primarily focus on equity securities, encompassing a U.S. Financials Strategy, a European Financials Strategy, and a General Strategy. The General Strategy is not sector-specific but can be heavily weighted towards the financial services sector.
The Co-investment Strategy focuses on holding securities of a single or limited number of issuers. A security qualifies for co-investment if it is already held in primary strategy accounts and has reached its desired allocation, leaving capacity for additional investments on behalf of co-investment clients.
Owners
- LINDENBAUM, BENNETT, DAVID - PRINCIPAL / MANAGING MEMBER
- CANNIZZARO, JUSTIN, MICHAEL - CHIEF COMPLIANCE OFFICER
- LINDENBAUM, MATTHEW, AMIEL - PRINCIPAL / MANAGING MEMBER
- SAMIT, MARC, EVAN - PRINCIPAL, CHIEF OPERATING OFFICER / MEMBER
- BRODER, SCOTT, BRIAN - CHIEF FINANCIAL OFFICER Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
(Subscription Required)
2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| COLB Columbia Banking Sys | 1.37% |
| BANC Banc of California I | 1.11% |
| MCB Metropolitan Bank Ho | 1.05% |
| VLY Valley National Banc | 1% |
| BKU BankUnited Inc | 0.91% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| SNV Synovus Financial Co | 0.91% |
| NBN Northeast Bancorp, I | 0.78% |
| SCHW Charles Schwab Corp | 0.75% |
| ALLY Ally Financial Inc | 0.66% |
| RF Regions Financial Co | 0.64% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| JPM JPMorgan Chase & Co. | 5.1% |
| WBS Webster Financial Co | 4.27% |
| LEN Lennar Corp. Class A | 3.92% |
| BDGE Bridge Bancorp | 3.02% |
| MHO M/I Homes Inc | 2.78% |
Messrs. Bennett Lindenbaum and Matthew Lindenbaum, as Principals of Basswood Capital Management, L.L.C., have investment discretion over the investment portfolios reported herein.
2024-09-30
13F Activity
| Market Value | $1.94b, Prior: $1.54b |
| Inflows (Outflows) as % of Total MV | +9.0491% |
| New Purchases | 15 stocks |
| Added To | 26 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 21 stocks |
| Top 10 Holdings % | 32.11% |
| Turnover %[1] | 15.24% |
| Turnover Alt %[2] | 4.89% |
| Time Held Top 20 | 14.7 quarters |
| Time Held Top 10 | 18.2 quarters |
| Time Held All | 21.06 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30