SEC 13F Intelligence

Managers / Q4 2020 · view latest →

BHZ CAPITAL MANAGEMENT, LP

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

Reported Value
$296M
Q4 2020
Positions
140
Filings on Record
24
2019–present window
Filed
Feb 10, 2021
original filing

Summary

Bhz Capital Management, LP reported $296M in U.S.-listed holdings across 140 positions for Q4 2020.

Its largest position, WF2, represents 4.5% of the portfolio.

Compared with Q3 2020, the fund opened 14 new positions and exited 14.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+31.7%
share of reported value
Largest Position
+4.5%
Wintrust Finl
New / Exited
14 / 14
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: 90.8%Other: 9.2%
  • Common Stock · 90.8% · $269M
  • Other · 9.2% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TQJSIGNATURE BK NEW YORK N YNEW+20.3K20.3K+$3M$3M
UMPQUSDUMPQUA HLDGS CORPNEW+71.4K71.4K+$1M$1M
CFGCITIZENS FINL GROUP INCNEW+29.9K29.9K+$1M$1M
CPFCENTRAL PAC FINL CORPNEW+31.4K31.4K+$598,000$598,000
TBNKUSDTERRITORIAL BANCORP INCNEW+21.7K21.7K+$522,000$522,000
PFISPEOPLES FINL SVCS CORPNEW+11.1K11.1K+$407,000$407,000
FMBHFIRST MID ILL BANCSHARES INCNEW+11.4K11.4K+$384,000$384,000
STBAS & T BANCORP INCNEW+15.1K15.1K+$374,000$374,000

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

Holdings — Q4 2020

50 positions
#IssuerClass% PortfolioValueShares
1WF2WINTRUST FINL CORPhistory →COM4.51%$13M218.6K
2HTHHILLTOP HOLDINGS INChistory →COM4.23%$13M455.3K
3PACWUSDPACWEST BANCORP DELhistory →COM3.68%$11M429.1K
4IBOCINTERNATIONAL BANCSHARES CORhistory →COM3.62%$11M286.1K
5CUBICUSTOMERS BANCORP INChistory →COM3.10%$9M504.8K
6GWBGREAT WESTN BANCORP INChistory →COM2.99%$9M422.7K
7CSTRUSDCAPSTAR FINL HLDGS INChistory →COM2.87%$8M575.4K
8BKUBANKUNITED INChistory →COM2.34%$7M198.9K
9BBTBERKSHIRE HILLS BANCORP INChistory →COM2.28%$7M393.3K
10FW2NBANNER CORPhistory →COM NEW2.11%$6M134.3K
11FSBWFS BANCORP INChistory →COM2.10%$6M113.3K
12FRBKQREPUBLIC FIRST BANCORP INChistory →COM1.89%$6M1.96M
13FISIFINANCIAL INSTNS INChistory →COM1.82%$5M239.6K
14BANK COMM HLDGSCOM1.68%$5M501.6K
15CADEEURCADENCE BANCORPORATIONhistory →CL A1.66%$5M298.9K
16TCBITEXAS CAPITAL BANCSHARES INChistory →COM1.64%$5M81.5K
17THFFFIRST FINL CORP INDhistory →COM1.52%$4M115.7K
18ACBIUSDATLANTIC CAP BANCSHARES INChistory →COM1.41%$4M262.5K
19RANDOLPH BANCORP INCCOM1.40%$4M187.2K
20XHCHERITAGE COMMERCE CORPhistory →COM1.39%$4M462.7K
21PKBKPARKE BANCORP INChistory →COM1.30%$4M246.8K
22TCFCUSDCOMMUNITY FINL CORP MDhistory →COM1.24%$4M139.0K
23FCBPFIRST CHOICE BANCORPhistory →COM1.24%$4M198.3K
24NORTHEAST BANCORPCOM NEW1.20%$4M157.3K
25RBBRBB BANCORPhistory →COM1.18%$3M226.6K
26SYU1SYNOVUS FINL CORPhistory →COM NEW1.17%$3M107.1K
27PMBCPACIFIC MERCANTILE BANCORPhistory →COM1.17%$3M671.5K
28OPBKOP BANCORPhistory →COM1.16%$3M446.4K
29CVCYUSDCENTRAL VALLEY CMNTY BANCORPhistory →COM1.13%$3M225.4K
30PQ3PROVIDENT FINL SVCS INChistory →COM1.08%$3M177.4K
31CIVBCIVISTA BANCSHARES INChistory →COM NO PAR1.07%$3M180.9K
32FIRST BANK WILLIAMSTOWN NJCOM1.02%$3M322.3K
33SONAUSDSOUTHERN NATL BANCORP OF VACOM0.98%$3M239.2K
34TQJSIGNATURE BK NEW YORK N YCOM0.93%$3M20.3K
35FL8FLUSHING FINL CORPCOM0.90%$3M160.5K
36CARTER BK & TR MARTINSVILLECOM0.89%$3M246.9K
37SMBKSMARTFINANCIAL INCCOM NEW0.89%$3M145.6K
38BSRRSIERRA BANCORPCOM0.87%$3M108.1K
39FBIZFIRST BUS FINL SVCS INC WISCOM0.85%$3M137.1K
40COMMUNITY BANKERS TR CORPCOM0.82%$2M361.5K
41FNWBFIRST NORTHWEST BANCORPCOM0.78%$2M147.9K
42SLCTSELECT BANCORP INC NEWCOM0.77%$2M240.7K
43GSBCGREAT SOUTHN BANCORP INCCOM0.74%$2M44.8K
44FCCYUSD1ST CONSTITUTION BANCORPCOM0.74%$2M137.1K
45HOPEHOPE BANCORP INCCOM0.72%$2M194.6K
46BFINUSDBANKFINANCIAL CORPCOM0.72%$2M241.1K
47FIRST FINANCIAL NORTHWEST INCOM0.69%$2M178.5K
48PROVIDENT BANCORP INCCOM0.67%$2M165.2K
49LBAIUSDLAKELAND BANCORP INCCOM0.65%$2M152.3K
50PCBPCB BANCORPCOM0.64%$2M187.2K

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 ↗.