SEC 13F Intelligence

Managers / Q2 2023 · view latest →

BHZ CAPITAL MANAGEMENT, LP

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

Reported Value
$143M
Q2 2023
Positions
71
Filings on Record
24
2019–present window
Filed
Aug 11, 2023
original filing

Summary

Bhz Capital Management, LP reported $143M in U.S.-listed holdings across 71 positions for Q2 2023.

Its largest position, PACWUSD, represents 5.9% of the portfolio.

Compared with Q1 2023, the fund opened 10 new positions and exited 50.

Portfolio Metrics

Turnover
+13.6%
vs prior filed quarter
Top-10 Concentration
+30.3%
share of reported value
Largest Position
+5.9%
Pacwest Bancorp
New / Exited
10 / 50
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: 77.6%ETP: 17.1%Other: 5.4%
  • Common Stock · 77.6% · $111M
  • ETP · 17.1% · $24M
  • Other · 5.4% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BCALSOUTHERN CALIF BANCORPNEW+321.2K321.2K+$4M$4M
CMACOMERICA INCNEW+69.8K69.8K+$3M$3M
FT2FIRST HORIZON CORPORATIONNEW+163.0K163.0K+$2M$2M
FCNCAFIRST CTZNS BANCHSARES INC NNEW+1.3K1.3K+$2M$2M
NYCBEURNEW YORK CMNTY BANCORP INCNEW+140.1K140.1K+$2M$2M
CTBICOMMUNITY TR BANCORP INCNEW+15.3K15.3K+$543,972$543,972
QCRHQCR HOLDINGS INCNEW+7.5K7.5K+$307,930$307,930
BWBBRIDGEWATER BANCSHARES INCNEW+27.9K27.9K+$274,323$274,323

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

Holdings — Q2 2023

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PACWUSDPACWEST BANCORP DELhistory →COM5.94%$8M1.04M
2TCBITEXAS CAPITAL BANCSHARES INChistory →COM3.48%$5M96.5K
3EGBNEAGLE BANCORP INC MDhistory →COM3.29%$5M222.0K
4VBTXVERITEX HLDGS INChistory →COM3.22%$5M256.4K
5BCALSOUTHERN CALIF BANCORPhistory →COM3.09%$4M321.2K
6FSBWFS BANCORP INChistory →COM2.64%$4M125.1K
7TCFCUSDCOMMUNITY FINL CORP MDhistory →COM2.24%$3M117.7K
8PKBKPARKE BANCORP INChistory →COM2.20%$3M184.6K
9WF2WINTRUST FINL CORPhistory →COM2.13%$3M41.9K
10CMACOMERICA INChistory →COM2.07%$3M69.8K
11BKUBANKUNITED INChistory →COM2.06%$3M136.4K
12THFFFIRST FINL CORP INDhistory →COM1.96%$3M86.2K
13BCMLBAYCOM CORPhistory →COM1.90%$3M162.5K
14HTHHILLTOP HOLDINGS INChistory →COM1.83%$3M83.0K
15NECBNORTHEAST CMNTY BANCORP INChistory →COM1.81%$3M173.5K
16BANCBANC OF CALIFORNIA INChistory →COM1.73%$2M212.9K
17FL8FLUSHING FINL CORPhistory →COM1.72%$2M199.9K
18OPBKOP BANCORPhistory →COM1.66%$2M281.6K
19PROVIDENT BANCORP INCCOM NEW1.65%$2M284.7K
20FRSTPRIMIS FINANCIAL CORPhistory →COM1.59%$2M270.1K
21RBBRBB BANCORPhistory →COM1.43%$2M170.7K
22FFWMFIRST FNDTN INChistory →COM1.41%$2M506.3K
23LBAIUSDLAKELAND BANCORP INChistory →COM1.41%$2M150.1K
24CSTRUSDCAPSTAR FINL HLDGS INChistory →COM1.34%$2M156.1K
25IBOCINTERNATIONAL BANCSHARES CORhistory →COM1.32%$2M42.5K
26NFBKNORTHFIELD BANCORP INC DELhistory →COM1.32%$2M170.9K
27EBCEASTERN BANKSHARES INChistory →COM1.30%$2M151.1K
28FT2FIRST HORIZON CORPORATIONhistory →COM1.29%$2M163.0K
29FIRST BANK WILLIAMSTOWN NJCOM1.27%$2M174.0K
30SMBKSMARTFINANCIAL INChistory →COM NEW1.22%$2M80.9K
31BPRNPRINCETON BANCORP INChistory →COM1.21%$2M63.1K
32FCNCAFIRST CTZNS BANCHSARES INC Nhistory →CL A1.19%$2M1.3K
33NYCBEURNEW YORK CMNTY BANCORP INChistory →COM1.10%$2M140.1K
34PCBPCB BANCORPhistory →COM1.10%$2M106.3K
35MACATAWA BK CORPCOM1.09%$2M168.1K
36ENTERPRISE BANCORP INC MASSCOM1.09%$2M53.7K
37TCBXTHIRD COAST BANCSHARES INChistory →COM1.04%$1M93.8K
38CARECARTER BANKSHARES INCCOM NEW0.93%$1M89.3K
39CODORUS VY BANCORP INCCOM0.82%$1M59.8K
40BLFYBLUE FOUNDRY BANCORPCOM0.81%$1M113.8K
41CCNECNB FINL CORP PACOM0.67%$959,93154.4K
42FNWBFIRST NORTHWEST BANCORPCOM0.63%$898,40578.9K
43DCOMDIME CMNTY BANCSHARES INCCOM0.59%$836,12047.4K
44BYBYLINE BANCORP INCCOM0.56%$791,60043.8K
45PBFSPIONEER BANCORP INC MDCOM0.55%$791,40488.4K
46BWFGBANKWELL FINL GROUP INCCOM0.52%$746,19930.6K
47MNSBMAINSTREET BANCSHARES INCCOM0.52%$740,28032.7K
48HBCPHOME BANCORP INCCOM0.52%$738,98922.3K
49MLVFUSDMALVERN BANCORP INCCOM0.52%$736,07646.7K

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 ↗.