SEC 13F Intelligence

Managers / Q1 2023 · view latest →

BHZ CAPITAL MANAGEMENT, LP

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

Reported Value
$215M
Q1 2023
Positions
111
Filings on Record
24
2019–present window
Filed
May 16, 2023
original filing

Summary

Bhz Capital Management, LP reported $215M in U.S.-listed holdings across 111 positions for Q1 2023.

Its largest position, Pacwest Bancorp, represents 3.3% of the portfolio.

Compared with Q4 2022, the fund opened 16 new positions and exited 21.

Portfolio Metrics

Turnover
+22.6%
vs prior filed quarter
Top-10 Concentration
+24.4%
share of reported value
Largest Position
+3.3%
Pacwest Bancorp
New / Exited
16 / 21
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: 67.1%ETP: 23.9%Other: 9.0%
  • Common Stock · 67.1% · $145M
  • ETP · 23.9% · $52M
  • Other · 9.0% · $19M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BKUBANKUNITED INCNEW+251.4K251.4K+$6M$6M
VBTXVERITEX HLDGS INCNEW+225.8K225.8K+$4M$4M
BPRNPRINCETON BANCORP INCNEW+86.1K86.1K+$3M$3M
EBCEASTERN BANKSHARES INCNEW+189.7K189.7K+$2M$2M
CARECARTER BANKSHARES INCNEW+87.2K87.2K+$1M$1M
WALWESTERN ALLIANCE BANCORPNEW+26.9K26.9K+$955,884$955,884
CROSSFIRST BANKSHARES INCNEW+44.8K44.8K+$469,598$469,598
BFSTBUSINESS FIRST BANCSHARES INNEW+26.0K26.0K+$445,157$445,157

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

Holdings — Q1 2023

110 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PACWEST BANCORP DELCOM3.29%$7M729.5K
2TCBITEXAS CAPITAL BANCSHARES INChistory →COM3.14%$7M138.3K
3PARTNERS BANCORPCOM2.94%$6M809.5K
4BKUBANKUNITED INChistory →COM2.63%$6M251.4K
5LAKELAND BANCORP INCCOM2.39%$5M329.1K
6HTHHILLTOP HOLDINGS INChistory →COM2.29%$5M166.0K
7FSBWFS BANCORP INChistory →COM2.21%$5M158.8K
8COMMUNITY FINL CORP MDCOM1.95%$4M126.9K
9VBTXVERITEX HLDGS INChistory →COM1.91%$4M225.8K
10PKBKPARKE BANCORP INChistory →COM1.64%$4M199.2K
11BANCBANC OF CALIFORNIA INChistory →COM1.58%$3M271.8K
12BCMLBAYCOM CORPhistory →COM1.55%$3M195.2K
13CAPSTAR FINL HLDGS INCCOM1.50%$3M213.2K
14FRSTPRIMIS FINANCIAL CORPhistory →COM1.50%$3M335.1K
15RBBRBB BANCORPhistory →COM1.44%$3M200.0K
16THFFFIRST FINL CORP INDhistory →COM1.43%$3M82.3K
17SMBKSMARTFINANCIAL INChistory →COM NEW1.38%$3M128.5K
18FLUSHING FINL CORPCOM1.38%$3M199.0K
19OPBKOP BANCORPhistory →COM1.37%$3M331.7K
20FISIFINANCIAL INSTNS INChistory →COM1.31%$3M146.6K
21BPRNPRINCETON BANCORP INChistory →COM1.27%$3M86.1K
22FIRST BANK WILLIAMSTOWN NJCOM1.24%$3M265.2K
23FFWMFIRST FNDTN INChistory →COM1.13%$2M326.5K
24EBCEASTERN BANKSHARES INChistory →COM1.11%$2M189.7K
25MACATAWA BK CORPCOM1.09%$2M229.1K
26NECBNORTHEAST CMNTY BANCORP INChistory →COM1.05%$2M171.9K
27PROVIDENT BANCORP INCCOM NEW1.05%$2M329.6K
28FIRST FINANCIAL NORTHWEST INCOM0.98%$2M164.7K
29ENTERPRISE BANCORP INC MASSCOM0.94%$2M64.7K
30BSRRSIERRA BANCORPCOM0.91%$2M114.5K
31WNEBWESTERN NEW ENG BANCORP INCCOM0.87%$2M227.9K
32LIMESTONE BANCORP INCCOM0.86%$2M82.8K
33EGBNEAGLE BANCORP INC MDCOM0.84%$2M54.2K
34IBOCINTERNATIONAL BANCSHARES CORCOM0.75%$2M37.7K
35CLBKCOLUMBIA FINL INCCOM0.74%$2M86.8K
36PCBPCB BANCORPCOM0.73%$2M109.1K
37CFFIC & F FINL CORPCOM0.73%$2M30.4K
38MOFGMIDWESTONE FINL GROUP INC NECOM0.72%$2M63.2K
39BANKFINANCIAL CORPCOM0.67%$1M165.5K
40FIRST LONG IS CORPCOM0.66%$1M105.2K
41SHBISHORE BANCSHARES INCCOM0.65%$1M97.8K
42CFBKCF BANKSHARES INCCOM0.64%$1M70.4K
43NFBKNORTHFIELD BANCORP INC DELCOM0.63%$1M115.2K
44CODORUS VY BANCORP INCCOM0.62%$1M64.9K
45DCOMDIME CMNTY BANCSHARES INCCOM0.62%$1M58.7K
46BLFYBLUE FOUNDRY BANCORPCOM0.61%$1M139.0K
47BWFGBANKWELL FINL GROUP INCCOM0.60%$1M52.3K
48CARECARTER BANKSHARES INCCOM NEW0.57%$1M87.2K
49FNWBFIRST NORTHWEST BANCORPCOM0.54%$1M100.6K
50CCNECNB FINL CORP PACOM0.52%$1M58.3K
51HARBORONE BANCORP INC NEWCOM NEW0.47%$1M83.4K
52TCBXTHIRD COAST BANCSHARES INCCOM0.46%$984,02762.6K
53WALWESTERN ALLIANCE BANCORPCOM0.44%$955,88426.9K
54FRBKQREPUBLIC FIRST BANCORP INCCOM0.41%$875,590643.8K
55PBFSPIONEER BANCORP INC MDCOM0.40%$871,87188.4K
56HBCPHOME BANCORP INCCOM0.40%$854,48625.9K
57SFBCSOUND FINL BANCORP INCCOM0.38%$820,66022.2K
58FCCOFIRST CMNTY CORP S CCOM0.38%$816,28040.8K
59UNTYUNITY BANCORP INCCOM0.37%$787,69834.5K
60HMN FINL INCCOM0.35%$762,20639.6K
61EBMTEAGLE BANCORP MONT INCCOM0.35%$757,50953.7K
62MALVERN BANCORP INCCOM0.33%$710,13846.7K
63ORRFORRSTOWN FINL SVCS INCCOM0.32%$691,76434.8K
64FUSBFIRST US BANCSHARES INCCOM0.31%$664,62888.9K
65BCBPBCB BANCORP INCCOM0.30%$650,71049.6K
66SUMMIT FINL GROUP INCCOM0.30%$638,08330.8K
67SSBKSOUTHERN STS BANCSHARES INCCOM0.29%$630,22727.9K
68MNSBMAINSTREET BANCSHARES INCCOM0.29%$615,88426.2K
69SBFGSB FINL GROUP INCCOM0.27%$591,28441.8K
70FCAPFIRST CAP INCCOM0.27%$578,04822.5K
71FSFGFIRST SVGS FINL GROUP INCCOM0.27%$575,95835.8K
72BYBYLINE BANCORP INCCOM0.22%$482,49422.3K
73BSBKBOGOTA FINL CORPCOM0.22%$472,22047.2K
74CROSSFIRST BANKSHARES INCCOM0.22%$469,59844.8K
75BOTJBANK OF THE JAMES FINL GP INCOM0.22%$468,45244.6K
76HV BANCORP INCCOM0.21%$462,67215.4K
77BFSTBUSINESS FIRST BANCSHARES INCOM0.21%$445,15726.0K
78HTBHOMETRUST BANCSHARES INCCOM0.19%$416,65316.9K
79CHMGCHEMUNG FINL CORPCOM0.19%$409,6889.9K
80BCOW1895 BANCORP OF WIS INCCOM0.19%$403,14250.1K
81CIVBCIVISTA BANCSHARES INCCOM NO PAR0.19%$402,74023.9K
82OVLYOAK VALLEY BANCORP OAKDALE CCOM0.19%$400,99016.9K
83FRAFFRANKLIN FINL SVCS CORPCOM0.18%$391,90013.2K
84FXNCFIRST NATL CORPCOM0.18%$391,13924.7K
85SSBISUMMIT ST BK SANTA ROSA CALICOM0.18%$384,19927.7K
86CFGCITIZENS FINL GROUP INCCOM0.17%$373,79412.3K
87FNCB BANCORP INCCOM0.17%$370,32659.7K
88PDLBPONCE FINANCIAL GROUP INCCOMMON STOCK0.17%$369,29547.0K
89KRNYKEARNY FINL CORP MDCOM0.16%$350,39443.2K
90MBWMMERCANTILE BANK CORPCOM0.16%$344,91211.3K
91WTFCWINTRUST FINL CORPCOM0.15%$324,9194.5K
92GSBCGREAT SOUTHN BANCORP INCCOM0.14%$310,8206.1K
93AFBIAFFINITY BANCSHARES INCCOM0.14%$305,28821.3K
94MGYRMAGYAR BANCORP INCCOM0.14%$292,34827.6K
95CADECADENCE BANKCOM0.12%$248,62212.0K
96ASRVAMERISERV FINL INCCOM0.11%$242,76879.6K
97SPFISOUTH PLAINS FINANCIAL INCCOM0.11%$242,51111.3K
98HOPEHOPE BANCORP INCCOM0.10%$223,05122.7K
99FVCBFVCBANKCORP INCCOM0.10%$207,76019.5K
100GBNYGENERATIONS BANCORP NY INCCOM0.10%$205,41820.1K

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 ↗.