SEC 13F Intelligence

Managers / Q3 2022 · view latest →

BHZ CAPITAL MANAGEMENT, LP

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

Reported Value
$240M
Q3 2022
Positions
122
Filings on Record
24
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Bhz Capital Management, LP reported $240M in U.S.-listed holdings across 122 positions for Q3 2022.

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

Compared with Q2 2022, the fund opened 10 new positions and exited 7.

Portfolio Metrics

Turnover
+8.7%
vs prior filed quarter
Top-10 Concentration
+25.6%
share of reported value
Largest Position
+4.5%
Texas Capital Bancshares
New / Exited
10 / 7
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 75.3%ETP: 18.4%Other: 6.3%
  • Common Stock · 75.3% · $181M
  • ETP · 18.4% · $44M
  • Other · 6.3% · $15M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HOPEHOPE BANCORP INCNEW+42.9K42.9K+$543,000$543,000
BKUBANKUNITED INCNEW+15.8K15.8K+$541,000$541,000
BYBYLINE BANCORP INCNEW+23.4K23.4K+$474,000$474,000
VBTXVERITEX HLDGS INCNEW+15.6K15.6K+$415,000$415,000
FULTFULTON FINL CORP PANEW+25.7K25.7K+$406,000$406,000
FCAPFIRST CAP INCNEW+14.2K14.2K+$365,000$365,000
TCBXTHIRD COAST BANCSHARES INCNEW+14.8K14.8K+$253,000$253,000
FFWMFIRST FNDTN INCNEW+12.4K12.4K+$225,000$225,000

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

Holdings — Q3 2022

121 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1TCBITEXAS CAPITAL BANCSHARES INChistory →COM4.54%$11M184.4K
2PACWEST BANCORP DELCOM3.80%$9M403.5K
3BANCBANC OF CALIFORNIA INChistory →COM3.11%$7M467.3K
4LAKELAND BANCORP INCCOM2.31%$6M346.0K
5FSBWFS BANCORP INChistory →COM2.28%$5M200.6K
6PCSB FINL CORPCOM2.10%$5M281.7K
7FRBKQREPUBLIC FIRST BANCORP INChistory →COM1.97%$5M1.67M
8COMMUNITY FINL CORP MDCOM1.88%$5M131.7K
9IBOCINTERNATIONAL BANCSHARES CORhistory →COM1.85%$4M104.7K
10RBBRBB BANCORPhistory →COM1.78%$4M205.4K
11PKBKPARKE BANCORP INChistory →COM1.76%$4M201.5K
12FISIFINANCIAL INSTNS INChistory →COM1.75%$4M174.7K
13FRSTPRIMIS FINANCIAL CORPhistory →COM1.74%$4M343.9K
14CAPSTAR FINL HLDGS INCCOM1.67%$4M216.6K
15OPBKOP BANCORPhistory →COM1.61%$4M347.4K
16THFFFIRST FINL CORP INDhistory →COM1.60%$4M85.0K
17FIRST BANK WILLIAMSTOWN NJCOM1.57%$4M275.0K
18SMBKSMARTFINANCIAL INChistory →COM NEW1.48%$4M144.1K
19BCMLBAYCOM CORPhistory →COM1.42%$3M194.4K
20HTHHILLTOP HOLDINGS INChistory →COM1.40%$3M135.1K
21BSRRSIERRA BANCORPhistory →COM1.15%$3M139.4K
22MACATAWA BK CORPCOM1.13%$3M292.4K
23FLUSHING FINL CORPCOM1.11%$3M137.6K
24RANDOLPH BANCORP INCCOM1.06%$3M94.5K
25BANK PRINCETON NEW JERSEYCOM1.05%$3M89.0K
26FIRST FINANCIAL NORTHWEST INCOM1.03%$2M166.1K
27MOFGMIDWESTONE FINL GROUP INC NECOM0.91%$2M80.3K
28WNEBWESTERN NEW ENG BANCORP INCCOM0.90%$2M266.1K
29PCBPCB BANCORPCOM0.84%$2M111.4K
30CIVBCIVISTA BANCSHARES INCCOM NO PAR0.83%$2M95.4K
31ENTERPRISE BANCORP INC MASSCOM0.81%$2M65.2K
32PGCPEAPACK-GLADSTONE FINL CORPCOM0.79%$2M56.6K
33BANKFINANCIAL CORPCOM0.78%$2M198.0K
34CFFIC & F FINL CORPCOM0.78%$2M34.8K
35SHBISHORE BANCSHARES INCCOM0.78%$2M107.6K
36SSBKSOUTHERN STS BANCSHARES INCCOM0.76%$2M67.2K
37NFBKNORTHFIELD BANCORP INC DELCOM0.75%$2M126.0K
38UMPQUA HLDGS CORPCOM0.73%$2M102.8K
39INDBINDEPENDENT BK CORP MASSCOM0.73%$2M91.2K
40BCBPBCB BANCORP INCCOM0.72%$2M103.1K
41FIRST LONG IS CORPCOM0.71%$2M99.0K
42HBCPHOME BANCORP INCCOM0.71%$2M43.6K
43DCOMDIME CMNTY BANCSHARES INCCOM0.70%$2M57.0K
44FNWBFIRST NORTHWEST BANCORPCOM0.69%$2M103.5K
45KRNYKEARNY FINL CORP MDCOM0.67%$2M151.6K
46CFBKCF BANKSHARES INCCOM0.63%$2M73.5K
47HARBORONE BANCORP INC NEWCOM NEW0.62%$1M110.8K
48TSBKTIMBERLAND BANCORP INCCOM0.61%$1M52.7K
49XHCHERITAGE COMMERCE CORPCOM0.55%$1M116.4K
50FCCOFIRST CMNTY CORP S CCOM0.54%$1M74.3K
51CCNECNB FINL CORP PACOM0.52%$1M53.0K
52BWFGBANKWELL FINL GROUP INCCOM0.50%$1M41.4K
53CFGCITIZENS FINL GROUP INCCOM0.49%$1M34.2K
54PDLBPONCE FINANCIAL GROUP INCCOMMON STOCK0.48%$1M126.1K
55EBMTEAGLE BANCORP MONT INCCOM0.45%$1M56.4K
56MPBMID PENN BANCORP INCCOM0.45%$1M37.2K
57LIMESTONE BANCORP INCCOM0.44%$1M53.6K
58MBWMMERCANTILE BANK CORPCOM0.41%$992,00033.4K
59SSBISUMMIT ST BK SANTA ROSA CALICOM0.40%$959,00066.1K
60SFBCSOUND FINL BANCORP INCCOM0.40%$951,00023.5K
61CODORUS VY BANCORP INCCOM0.39%$948,00050.3K
62COMMUNITY WEST BANCSHARESCOM0.39%$936,00067.1K
63UNTYUNITY BANCORP INCCOM0.38%$917,00036.5K
64HMN FINL INCCOM0.37%$886,00039.6K
65SUMMIT FINL GROUP INCCOM0.37%$879,00032.6K
66PBFSPIONEER BANCORP INC MDCOM0.33%$795,00083.5K
67OVLYOAK VALLEY BANCORP OAKDALE CCOM0.33%$786,00044.0K
68SBFGSB FINL GROUP INCCOM0.31%$754,00044.7K
69FSFGFIRST SVGS FINL GROUP INCCOM0.31%$748,00032.5K
70FUSBFIRST US BANCSHARES INCCOM0.30%$732,00092.0K
71MNSBMAINSTREET BANCSHARES INCCOM0.30%$719,00031.5K
72BLFYBLUE FOUNDRY BANCORPCOM0.29%$705,00063.2K
73MALVERN BANCORP INCCOM0.29%$702,00048.8K
74FNWDFINWARD BANCORPCOM0.29%$692,00020.3K
75FNCB BANCORP INCCOM0.27%$647,00086.1K
76CLBKCOLUMBIA FINL INCCOM0.26%$618,00029.2K
77FFBW INCCOM0.25%$610,00051.3K
78EBSBMERIDIAN BANCORP INC MDCOM0.23%$557,00019.1K
79HOPEHOPE BANCORP INCCOM0.23%$543,00042.9K
80BKUBANKUNITED INCCOM0.23%$541,00015.8K
81BCOW1895 BANCORP OF WIS INCCOM0.22%$527,00050.7K
82ASRVAMERISERV FINL INCCOM0.22%$517,000135.9K
83BBTBERKSHIRE HILLS BANCORP INCCOM0.21%$499,00018.3K
84CBANCOLONY BANKCORP INCCOM0.21%$499,00038.3K
85BYBYLINE BANCORP INCCOM0.20%$474,00023.4K
86CZWICITIZENS CMNTY BANCORP INC MCOM0.19%$461,00037.8K
87CHMGCHEMUNG FINL CORPCOM0.18%$421,00010.1K
88BOTJBANK OF THE JAMES FINL GP INCOM0.17%$415,00032.8K
89VBTXVERITEX HLDGS INCCOM0.17%$415,00015.6K
90FULTFULTON FINL CORP PACOM0.17%$406,00025.7K
91FRAFFRANKLIN FINL SVCS CORPCOM0.17%$404,00012.8K
92TRSTTRUSTCO BK CORP N YCOM NEW0.16%$391,00012.4K
93FCAPFIRST CAP INCCOM0.15%$365,00014.2K
94FBIZFIRST BUS FINL SVCS INC WISCOM0.15%$364,00011.3K
95AFBIAFFINITY BANCSHARES INCCOM0.15%$356,00024.4K
96MGYRMAGYAR BANCORP INCCOM0.14%$345,00027.8K
97BSBKBOGOTA FINL CORPCOM0.14%$339,00030.7K
98CENTRAL VALLEY CMNTY BANCORPCOM0.14%$330,00018.6K
99FXNCFIRST NATL CORPCOM0.13%$323,00021.1K
100PEBKPEOPLES BANCORP N C INCCOM0.12%$283,00011.4K

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 ↗.