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Basswood Capital Management, L.L.C.
Basswood Capital Management, L.L.C. is a New York-based investment adviser firm founded in 1998. The firm specializes in managing hedge funds, separate accounts, and alternative investment strategies, primarily serving institutional investors, high-net-worth individuals, and family offices. As of early 2025, it employs approximately 17 staff and manages over $2 billion in assets. The firm has a long history of active equity investing and is known for its deep research focus and active positioning in financial and banking sector equities.
Investment Strategy
Basswood Capital Management pursues a fundamental, research-driven investment approach with a focus on financial sector equities, particularly banks, community banks, and financial institutions. The firm employs both long and short equity strategies, aiming to capitalize on market inefficiencies. Basswood combines deep fundamental research with proactive portfolio management to achieve outsized returns, often emphasizing capital preservation and risk-adjusted performance. Its strategy involves identifying undervalued and overvalued securities through rigorous analysis and active engagement with management teams.
Latest 13F Filing Activity
Basswood Capital Management, L.L.C. filed their most recent 13F report on Jun 30, 2025 disclosing 112 equity positions and 3 options positions with a total 13F market value of $2B. The fund increased holdings in Bank America Corp., Regions Financial Corp. New, MR Cooper Group Inc. among other positions. Basswood Capital Management, L.L.C. reduced exposure to Banc of California Inc., Prosperity Bancshares Inc., Veritex HLDGS Inc. among others.
Top Holdings
Equity Positions (112)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
J JPM | JPMORGAN CHASE & CO. | 6.25% | $136.1M | 469,496 | $48.37 | $289.91 | +$20.9M |
B BAC | BANK AMERICA CORP | 3.98% | $86.8M | 1,834,077 | $32.72 | $47.32 | +$32.6M |
C COOP | MR COOPER GROUP INC | 3.69% | $80.4M | 539,047 | $83.48 | $149.21 | +$24.4M |
U USB | US BANCORP DEL | 3.36% | $73.2M | 1,618,081 | $40.59 | $45.25 | +$9.6M |
W WBS | WEBSTER FINL CORP | 3.04% | $66.1M | 1,211,430 | $48.64 | $54.60 | +$957.7K |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
T TLT | ISHARES TR | Bought | Call | $84.3M | 9,553 | $88.25 | $88.33 | +9,457.47 | +$83.4M |
K KRE | SPDR SERIES TRUST | Bought | Put | $48.4M | 8,153 | $59.39 | $59.37 | +8,087.96 | +$48.1M |
R RSP | INVESCO EXCHANGE TRADED FD T | Bought | Put | $37.7M | 2,073 | $181.74 | $181.55 | +2,026.16 | +$36.9M |
Industry Allocation
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