BHZ CAPITAL MANAGEMENT, LP

CIK

1618872

Location

Bala Cynwyd, PA

Portfolio Value

Micro $84,756,739

Diversification

Diversified

Filing Date

Global Rank

#7,005 / 7,434 ▼ 1886 · as of Mar 2024

Top Industry

Banks - Regional 66.9%

3Y Alpha vs SPY

-0.6%

Period ended 2 years ago

Filed May 13, 2024 · 2y

17 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2024, never from the firm's own description.

Style

Concentrated

The top 10 positions are 63.8% of the book (60%+)

Turnover

Medium turnover

39.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 9.1 quarters, but 24.0% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2024-03-31, active share 99.4%; sector active share 75.7% against the combined 13F book's sector weights.

Over time 17 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

41 tracked positions · as of Mar 31, 2024 · Δ vs Dec 31, 2023

Top Position

27.5%

−4.0 pts

Top 5

52.1%

−3.9 pts

Top 10

70.6%

+2.2 pts

HHI

1,025

Diversified−249

Portfolio Trend

17 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2024

Sector	% Portfolio	Value	Positions
Financial Services	83.2%	$70,531,099	33
Unclassified	16.8%	$14,225,640	8

Last Quarter's Activity

Export CSV

Mar 31, 2024 vs Dec 31, 2023

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BANC	Banc Of California, Inc.	−181,042	347,123	$5,279,740
—		−115,287	627,068	$4,734,363
—		−92,090	45,025	$409,728
OPBK	OP Bancorp	−87,750	162,567	$1,622,418
RBB	RBB Bancorp	−61,574	75,568	$1,360,979
NECB	NorthEast Community Bancorp, Inc.	−51,138	123,675	$1,945,407
PBFS	Pioneer Bancorp, Inc.	−47,045	72,281	$709,076
—		−45,725	67,682	$662,607
PKBK	Parke Bancorp, Inc.	−45,380	80,367	$1,384,723
—		−44,575	189,854	$1,845,381
DCOM	Dime Commercial Bancshares, Inc.	−44,452	38,886	$748,944
SHBI	Shore Bancshares Inc	−42,127	17,568	$202,032
—		−40,721	140,858	$1,776,219
—		−35,610	195,292	$4,001,533
PCB	Pcb Bancorp	−34,615	71,559	$1,168,558
THFF	First Financial Corp	−33,495	52,093	$1,996,724
FRST	Primis Financial Corp.	−27,128	95,289	$1,159,667
HTB	HomeTrust Bancshares, Inc.	−26,075	33,402	$913,210
MNSB	MainStreet Bancshares, Inc.	−25,819	28,054	$509,460
—		−16,504	20,766	$539,293
—		−15,851	43,387	$987,488
EGBN	Eagle Bancorp Inc	−15,041	197,610	$4,641,858
—		−13,520	17,851	$376,656
CCNE	Cnb Financial Corp	−13,477	44,427	$905,866
CTBI	Community Trust Bancorp Inc	−12,706	12,905	$550,398
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
HAFC	Hanmi Financial Corp	10,442	$166,236
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
BCAL	California BanCorp CA	161,367	$2,799,717
TCBX	Third Coast Bancshares, Inc.	89,321	$1,774,808
BCML	BayCom Corp	61,184	$1,443,330
IBOC	International Bancshares Corp	25,054	$1,360,933
WTFC	Wintrust Financial Corp	14,589	$1,353,129
BWFG	Bankwell Financial Group, Inc.	28,036	$846,126
—		80,977	$830,824
HTH	Hilltop Holdings Inc.	21,187	$745,994
EFSC	Enterprise Financial Services Corp	15,503	$692,208
BWB	Bridgewater Bancshares Inc	48,132	$650,744
HBCP	Home Bancorp, Inc.	15,335	$644,223
BFST	Business First Bancshares, Inc.	25,084	$618,320
—		52,790	$502,032
CLST	Catalyst Bancorp, Inc.	38,001	$411,930
EBMT	Eagle Bancorp Montana, Inc.	23,419	$369,786
BCOW	1895 Bancorp of Wisconsin, Inc.	46,132	$322,462
MGYR	Magyar Bancorp, Inc.	28,366	$318,550
SBFG	Sb Financial Group, Inc.	16,289	$250,036
ASRV	Ameriserv Financial Inc	76,277	$247,137
OPHC	OptimumBank Holdings, Inc.	42,294	$176,788
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

41 tracked positions · $84,756,739 total · filing declares 42 positions · $87,959,464 · as of Mar 31, 2024

All sectors Financial Services

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
XLF	State Street Corp PUT Financial Services	Reduced	554,000	-991,000	$23,334,480	−59.8%	—	—	27.53%
FCNCA	First Citizens Bancshares Inc Financial Services	Reduced	3,778	-612	$6,177,030	−0.8%	4	$1,318.28	7.29%
BANC	Banc Of California, Inc. Financial Services	Reduced	347,123	-181,042	$5,279,740	−25.6%	11	$14.56	6.23%
		Reduced	627,068	-115,287	$4,734,363	−34.1%	7	unpriced	5.59%
EGBN	Eagle Bancorp Inc Financial Services	Reduced	197,610	-15,041	$4,641,858	−27.6%	7	$28.01	5.48%
		Held	76,951	0	$4,231,535	−1.5%	4	unpriced	4.99%
		Reduced	195,292	-35,610	$4,001,533	−25.5%	5	unpriced	4.72%
KRE	State Street(R) SPDR(R) S&P(R) Regional Banking ETF PUT	Reduced	60,000	-410,000	$3,016,800	−87.8%	—	—	3.56%
FHN	First Horizon Corp Financial Services	Held	156,842	0	$2,415,366	+8.8%	4	$13.40	2.85%
THFF	First Financial Corp Financial Services	Reduced	52,093	-33,495	$1,996,724	−45.8%	17+	before history	2.36%
NECB	NorthEast Community Bancorp, Inc. Financial Services	Reduced	123,675	-51,138	$1,945,407	−37.3%	6	$13.79	2.30%
		Reduced	189,854	-44,575	$1,845,381	−37.4%	9	unpriced	2.18%
		Reduced	140,858	-40,721	$1,776,219	−40.6%	17+	before history	2.10%
OPBK	OP Bancorp Financial Services	Reduced	162,567	-87,750	$1,622,418	−40.8%	17+	before history	1.91%
TCBI	Texas Capital Bancshares Inc Financial Services	Reduced	22,669	-11,950	$1,395,276	−37.6%	17+	before history	1.65%
PKBK	Parke Bancorp, Inc. Financial Services	Reduced	80,367	-45,380	$1,384,723	−45.6%	17+	before history	1.63%
RBB	RBB Bancorp Financial Services	Reduced	75,568	-61,574	$1,360,979	−47.9%	17+	before history	1.61%
PCB	Pcb Bancorp Financial Services	Reduced	71,559	-34,615	$1,168,558	−40.3%	17+	before history	1.38%
FRST	Primis Financial Corp. Financial Services	Reduced	95,289	-27,128	$1,159,667	−25.2%	10	$15.15	1.37%
CFG	Citizens Financial Group Inc Financial Services	Held	30,610	0	$1,110,836	+9.5%	5	$32.21	1.31%
		Reduced	43,387	-15,851	$987,488	−35.1%	17+	before history	1.17%
HTB	HomeTrust Bancshares, Inc. Financial Services	Reduced	33,402	-26,075	$913,210	−43.0%	5	$23.57	1.08%
CCNE	Cnb Financial Corp Financial Services	Reduced	44,427	-13,477	$905,866	−30.7%	12	$24.39	1.07%
BY	Byline Bancorp, Inc. Financial Services	Reduced	34,859	-8,900	$757,137	−26.6%	7	$20.87	0.89%
DCOM	Dime Commercial Bancshares, Inc. Financial Services	Reduced	38,886	-44,452	$748,944	−66.6%	9	$28.58	0.88%
PBFS	Pioneer Bancorp, Inc. Financial Services	Reduced	72,281	-47,045	$709,076	−40.6%	10	$10.30	0.84%
		Reduced	67,682	-45,725	$662,607	−48.2%	17+	before history	0.78%
CTBI	Community Trust Bancorp Inc Financial Services	Reduced	12,905	-12,706	$550,398	−51.0%	4	$36.22	0.65%
		Reduced	20,766	-16,504	$539,293	−55.1%	17+	before history	0.64%
MNSB	MainStreet Bancshares, Inc. Financial Services	Reduced	28,054	-25,819	$509,460	−61.9%	16	$20.50	0.60%
CFFI	C & F Financial Corp Financial Services	Reduced	8,421	-138	$412,629	−29.3%	17+	before history	0.49%
		Reduced	45,025	-92,090	$409,728	−70.3%	6	unpriced	0.48%
		Reduced	17,851	-13,520	$376,656	—	17+	before history	0.44%
FSBW	FS Bancorp, Inc. Financial Services	Reduced	9,719	-11,014	$337,346	−56.0%	17+	before history	0.40%
MPB	Mid Penn Bancorp Inc Financial Services	Reduced	14,451	-9,288	$289,164	−49.8%	3	$21.84	0.34%
WSBF	Waterstone Financial, Inc. Financial Services	Reduced	21,568	-10,361	$262,482	−42.1%	2	$11.82	0.31%
SHBI	Shore Bancshares Inc Financial Services	Reduced	17,568	-42,127	$202,032	−76.2%	3	$11.38	0.24%
RBKB	Rhinebeck Bancorp, Inc. Financial Services	Reduced	20,026	-9,163	$169,220	−28.0%	10	$9.36	0.20%
HAFC	Hanmi Financial Corp Financial Services	NEW	10,442	NEW	$166,236	NEW	1	$16.29	0.20%
BOTJ	Bank Of The James Financial Group Inc Financial Services	Reduced	13,255	-8,686	$137,321	−48.8%	2	$10.38	0.16%
BVFL	BV Financial, Inc. Financial Services	Reduced	10,799	-6,467	$111,553	−54.4%	2	$11.55	0.13%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.