SEC 13F Intelligence

Managers / Q4 2019 · view latest →

BHZ CAPITAL MANAGEMENT, LP

CIK 0001618872 · 2025 GATEWAY PLACE, SUITE 405, SAN JOSE, CA, 95110 · 408-998-5438

Reported Value
$426M
Q4 2019
Positions
148
Filings on Record
24
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Bhz Capital Management, LP reported $426M in U.S.-listed holdings across 148 positions for Q4 2019.

Its largest position, HTH, represents 5.2% of the portfolio.

Compared with Q3 2019, the fund opened 15 new positions and exited 6.

Portfolio Metrics

Turnover
+8.0%
vs prior filed quarter
Top-10 Concentration
+30.6%
share of reported value
Largest Position
+5.2%
Hilltop
New / Exited
15 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $379MQ4 ’18Q1 ’19: $399MQ2 ’19: $417MQ3 ’19: $413MQ3 ’19Q4 ’19: $426MQ1 ’20: $266MQ2 ’20: $254MQ2 ’20Q3 ’20: $236MQ4 ’20: $296MQ1 ’21: $315MQ1 ’21Q2 ’21: $269MQ3 ’21: $294MQ4 ’21: $294MQ4 ’21Q1 ’22: $297MQ2 ’22: $247MQ3 ’22: $240MQ3 ’22Q4 ’22: $227MQ1 ’23: $215MQ2 ’23: $143MQ2 ’23Q3 ’23: $121MQ4 ’23: $189MQ1 ’24: $88MQ1 ’24Q2 ’24: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 86.6%Other: 13.4%
  • Common Stock · 86.6% · $369M
  • Other · 13.4% · $57M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WSBCWESBANCO INCNEW+80.3K80.3K+$3M$3M
UMBFUMB FINL CORPNEW+15.8K15.8K+$1M$1M
NWBINORTHWEST BANCSHARES INC MDNEW+55.9K55.9K+$929,000$929,000
GWBGREAT WESTN BANCORP INCNEW+26.0K26.0K+$903,000$903,000
WNEBWESTERN NEW ENG BANCORP INCNEW+91.3K91.3K+$879,000$879,000
CPFCENTRAL PAC FINL CORPNEW+27.8K27.8K+$821,000$821,000
ABCBAMERIS BANCORPNEW+14.3K14.3K+$610,000$610,000
FSB BANCORP INCNEW+22.1K22.1K+$384,000$384,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

50 positions
#IssuerClass% PortfolioValueShares
1HTHHILLTOP HOLDINGS INChistory →COM5.19%$22M887.3K
2TCBITEXAS CAPITAL BANCSHARES INChistory →COM3.66%$16M274.5K
3BKUBANKUNITED INChistory →COM3.41%$15M397.8K
4CUBICUSTOMERS BANCORP INChistory →COM3.40%$14M608.4K
5FRANKLIN FINL NETWORK INCCOM3.37%$14M418.0K
6IBOCINTERNATIONAL BANCSHARES CORhistory →COM3.22%$14M318.9K
7PACWUSDPACWEST BANCORP DELhistory →COM2.50%$11M278.7K
8CSTRUSDCAPSTAR FINL HLDGS INChistory →COM2.13%$9M544.6K
9MCHBHOMESTREET INChistory →COM1.90%$8M238.3K
10FSBWFS BANCORP INChistory →COM1.81%$8M120.7K
11HOPEHOPE BANCORP INChistory →COM1.80%$8M517.5K
12DCOMUSDDIME CMNTY BANCSHAREShistory →COM1.73%$7M353.8K
13NORTHEAST BANCORPCOM NEW1.67%$7M323.0K
14CIVBCIVISTA BANCSHARES INChistory →COM NO PAR1.64%$7M290.6K
15FW2NBANNER CORPhistory →COM NEW1.54%$7M115.7K
16FISIFINANCIAL INSTNS INChistory →COM1.48%$6M197.0K
17CAROLINA TR BANCSHARES INCCOM1.43%$6M479.2K
18XHCHERITAGE COMMERCE CORPhistory →COM1.42%$6M470.4K
19RBBRBB BANCORPhistory →COM1.37%$6M276.0K
20FCBPFIRST CHOICE BANCORPhistory →COM1.35%$6M213.4K
21BANK COMM HLDGSCOM1.31%$6M482.6K
22IBERIABANK CORPCOM1.31%$6M74.6K
23PKBKPARKE BANCORP INChistory →COM1.27%$5M213.8K
24OPBKOP BANCORPhistory →COM1.25%$5M512.8K
25FRBKQREPUBLIC FIRST BANCORP INChistory →COM1.21%$5M1.23M
26ENFCUSDENTEGRA FINL CORPhistory →COM1.18%$5M166.9K
27TCFCUSDCOMMUNITY FINL CORP MDhistory →COM1.17%$5M139.7K
28WF2WINTRUST FINL CORPhistory →COM1.12%$5M67.5K
29CADEEURCADENCE BANCORPORATIONhistory →CL A1.11%$5M261.2K
30OPBUSDOPUS BK IRVINE CALIFhistory →COM1.04%$4M172.1K
31THFFFIRST FINL CORP INDhistory →COM1.04%$4M97.3K
32FFWMFIRST FNDTN INChistory →COM1.03%$4M251.7K
33ISBCUSDINVESTORS BANCORP INC NEWCOM0.95%$4M338.1K
34WSBFWATERSTONE FINL INC MDCOM0.93%$4M208.5K
35EGBNEAGLE BANCORP INC MDCOM0.90%$4M78.7K
36ALLEGIANCE BANCSHARES INCCOM0.90%$4M101.5K
37BFINUSDBANKFINANCIAL CORPCOM0.89%$4M288.7K
38FBIZFIRST BUS FINL SVCS INC WISCOM0.87%$4M140.6K
39ACBIUSDATLANTIC CAP BANCSHARES INCCOM0.86%$4M199.2K
40PCBPCB BANCORPCOM0.78%$3M191.7K
41CLBKCOLUMBIA FINL INCCOM0.78%$3M195.4K
42FNBFNB CORP PACOM0.77%$3M257.0K
43SMBKSMARTFINANCIAL INCCOM NEW0.75%$3M135.1K
44PMBCPACIFIC MERCANTILE BANCORPCOM0.74%$3M386.9K
45FIRST BANK WILLIAMSTOWN NJCOM0.74%$3M283.8K
46FCCYUSD1ST CONSTITUTION BANCORPCOM0.72%$3M138.3K
47WSBCWESBANCO INCCOM0.71%$3M80.3K
48LBAIUSDLAKELAND BANCORP INCCOM0.70%$3M171.3K
49CVCYUSDCENTRAL VALLEY CMNTY BANCORPCOM0.70%$3M137.3K
50SLCTSELECT BANCORP INC NEWCOM0.68%$3M234.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2024$01Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$88M42May 13, 202413F-HRchanges · EDGAR ↗
Q4 2023$189M62Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$121M65Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$143M71Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$215M111May 16, 202313F-HRchanges · EDGAR ↗
Q4 2022$227M116Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$240M122Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$247M119Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$297M141May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$294M135Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$294M135Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$269M127Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$315M134May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$296M140Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$236M140Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$254M138Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$266M142May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$426M148Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$413M139Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$417M147Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$399M138May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$379M131Feb 15, 2019RESTATEMENTchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.