SEC 13F Intelligence

Managers / Q3 2021 · view latest →

BHZ CAPITAL MANAGEMENT, LP

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

Reported Value
$294M
Q3 2021
Positions
135
Filings on Record
24
2019–present window
Filed
Nov 4, 2021
original filing

Summary

Bhz Capital Management, LP reported $294M in U.S.-listed holdings across 135 positions for Q3 2021.

Its largest position, CSTRUSD, represents 3.8% of the portfolio.

Compared with Q2 2021, the fund opened 18 new positions and exited 10.

Portfolio Metrics

Turnover
+12.9%
vs prior filed quarter
Top-10 Concentration
+25.5%
share of reported value
Largest Position
+3.8%
Capstar Finl
New / Exited
18 / 10
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: 81.8%Other: 9.9%ETP: 8.3%
  • Common Stock · 81.8% · $240M
  • Other · 9.9% · $29M
  • ETP · 8.3% · $24M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLFSELECT SECTOR SPDR TRNEW+440.0K440.0K+$21M$21M
HBMDHOWARD BANCORP INCNEW+269.2K269.2K+$5M$5M
SPDR SER TRNEW+120.0K120.0K+$4M$4M
CBANCOLONY BANKCORP INCNEW+182.0K182.0K+$3M$3M
PEBOPEOPLES BANCORP INCNEW+35.8K35.8K+$1M$1M
TRSTTRUSTCO BK CORP N YNEW+23.8K23.8K+$761,000$761,000
MPBMID PENN BANCORP INCNEW+17.7K17.7K+$489,000$489,000
LEVEL ONE BANCORP INCNEW+16.5K16.5K+$487,000$487,000

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

Holdings — Q3 2021

48 positions
#IssuerClass% PortfolioValueShares
1CSTRUSDCAPSTAR FINL HLDGS INChistory →COM3.80%$11M526.0K
2TCBITEXAS CAPITAL BANCSHARES INChistory →COM3.44%$10M168.5K
3WF2WINTRUST FINL CORPhistory →COM2.53%$7M92.5K
4IBOCINTERNATIONAL BANCSHARES CORhistory →COM2.43%$7M171.8K
5FSBWFS BANCORP INChistory →COM2.37%$7M201.3K
6BANK COMM HLDGSCOM2.34%$7M453.4K
7HTHHILLTOP HOLDINGS INChistory →COM2.33%$7M209.8K
8PMBCPACIFIC MERCANTILE BANCORPhistory →COM2.30%$7M732.7K
9BBTBERKSHIRE HILLS BANCORP INChistory →COM2.02%$6M220.4K
10FISIFINANCIAL INSTNS INChistory →COM1.90%$6M181.9K
11FW2NBANNER CORPhistory →COM NEW1.87%$6M99.8K
12HBMDHOWARD BANCORP INChistory →COM1.86%$5M269.2K
13FRBKQREPUBLIC FIRST BANCORP INChistory →COM1.80%$5M1.72M
14TCFCUSDCOMMUNITY FINL CORP MDhistory →COM1.80%$5M143.5K
15RBBRBB BANCORPhistory →COM1.80%$5M209.6K
16PKBKPARKE BANCORP INChistory →COM1.70%$5M228.7K
17THFFFIRST FINL CORP INDhistory →COM1.67%$5M116.8K
18CVCYUSDCENTRAL VALLEY CMNTY BANCORPhistory →COM1.60%$5M218.9K
19COMMUNITY BANKERS TR CORPCOM1.56%$5M403.6K
20OPBKOP BANCORPhistory →COM1.50%$4M428.0K
21XHCHERITAGE COMMERCE CORPhistory →COM1.49%$4M377.4K
22FCCYUSD1ST CONSTITUTION BANCORPhistory →COM1.42%$4M176.7K
23ACBIUSDATLANTIC CAP BANCSHARES INChistory →COM1.30%$4M143.9K
24PACWUSDPACWEST BANCORP DELhistory →COM1.26%$4M82.0K
25FIRST BANK WILLIAMSTOWN NJCOM1.26%$4M263.4K
26PCBPCB BANCORPhistory →COM1.26%$4M186.4K
27FBIZFIRST BUS FINL SVCS INC WIShistory →COM1.21%$4M123.5K
28SMBKSMARTFINANCIAL INChistory →COM NEW1.17%$3M133.1K
29CBANCOLONY BANKCORP INChistory →COM1.15%$3M182.0K
30FL8FLUSHING FINL CORPhistory →COM1.12%$3M146.2K
31SLCTSELECT BANCORP INC NEWhistory →COM1.01%$3M172.4K
32BSRRSIERRA BANCORPCOM0.95%$3M115.6K
33PGCPEAPACK-GLADSTONE FINL CORPCOM0.94%$3M82.9K
34FIRST FINANCIAL NORTHWEST INCOM0.94%$3M168.4K
35HTBHOMETRUST BANCSHARES INCCOM0.87%$3M91.7K
36FNWBFIRST NORTHWEST BANCORPCOM0.82%$2M136.9K
37GSBCGREAT SOUTHN BANCORP INCCOM0.80%$2M43.0K
38CIVBCIVISTA BANCSHARES INCCOM NO PAR0.77%$2M97.2K
39ASRVAMERISERV FINL INCCOM0.76%$2M572.2K
40ENTERPRISE BANCORP INC MASSCOM0.75%$2M60.9K
41BCMLBAYCOM CORPCOM0.73%$2M114.9K
42CARTER BK & TR MARTINSVILLECOM0.72%$2M149.3K
43MOFGMIDWESTONE FINL GROUP INC NECOM0.72%$2M69.8K
44ICBKUSDCOUNTY BANCORP INCCOM0.71%$2M58.0K
45RANDOLPH BANCORP INCCOM0.71%$2M96.6K
46CLBKCOLUMBIA FINL INCCOM0.71%$2M112.5K
47CFFIC & F FINL CORPCOM0.71%$2M39.1K
48BFINUSDBANKFINANCIAL CORPCOM0.70%$2M180.2K

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 ↗.