BHZ CAPITAL MANAGEMENT, LP

13F filer, CIK 1618872, San Jose, CA

BHZ CAPITAL MANAGEMENT, LP reported $240,011,000 across 122 holdings for the quarter ended 2022-09-30, in a 13F-HR filed 2022-11-14. Its ten largest share positions make up 31.4% of the portfolio.

Filed 2022-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:34:10 UTC13F-HR 0001104659-22-118202

Period: 2022-09-30
Reported value: $240M
Holdings: 122
Top 10 weight: 31.4%
New: 10
Sold out: 7

Largest buys vs the previous quarter

Security	Shares change	Approx. value
PACWEST BANCORP DELadded	+252,907	$5.72M
PCSB FINL CORP COMadded	+213,007	$3.82M
KRNYadded	+108,895	$1.16M
CFGadded	+24,700	$849K
BCMLadded	+38,579	$678K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
BBTreduced	-119,063	-$3.25M
FNBreduced	-234,841	-$2.72M
IBOCreduced	-44,733	-$1.9M
CBM BANCORP INCexited	-106,546	-$1.87M
HTBKreduced	-133,177	-$1.51M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2022

Share positions as resolved from 13F-HR 0001104659-22-118202, largest first. % of portfolio is the value over $195,851,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
TCBITEXAS CAP BANCSHARES INC	184,445	$10.9M	5.56%	-520	Timeline
PACWEST BANCORP DELPACWEST BANCORP DEL	403,472	$9.12M	4.66%	+252,907
BANCBANC OF CALIFORNIA INC	467,291	$7.46M	3.81%	-19,500	Timeline
LAKELAND BANCORP INCLAKELAND BANCORP INC	346,018	$5.54M	2.83%	+25,264
FSBWFS BANCORP INC	200,640	$5.47M	2.79%	+1,000	Timeline
PCSB FINL CORP COMPCSB FINL CORP COM	281,690	$5.05M	2.58%	+213,007
FRBKQREPUBLIC FIRST BANCORP INC	1,669,991	$4.73M	2.41%	0	Timeline
COMMUNITY FINL CORP MDCOMMUNITY FINL CORP MD	131,654	$4.52M	2.31%	-6,480
IBOCINTERNATIONAL BANCSHARES COR	104,702	$4.45M	2.27%	-44,733	Timeline
RBBRBB BANCORP	205,354	$4.27M	2.18%	0	Timeline
PKBKPARKE BANCORP INC	201,476	$4.22M	2.16%	-5,094	Timeline
FISIFINANCIAL INSTITUTIONS INC	174,747	$4.21M	2.15%	-500	Timeline
FRSTPRIMIS FINANCIAL CORP	343,858	$4.17M	2.13%	-1,700	Timeline
CAPSTAR FINL HLDGS INCCAPSTAR FINL HLDGS INC	216,592	$4.01M	2.05%	-64,874
OPBKOP BANCORP	347,409	$3.86M	1.97%	-57,617	Timeline
THFFFIRST FINANCIAL CORPORATION	85,034	$3.84M	1.96%	-8,345	Timeline
FRBAFIRST BK WILLIAMSTOWN NEW JE	274,953	$3.76M	1.92%	0	Timeline
SMBKSMARTFINANCIAL INC	144,082	$3.56M	1.82%	0	Timeline
BCMLBAYCOM CORP	194,369	$3.42M	1.74%	+38,579	Timeline
HTHHILLTOP HLDGS INC	135,128	$3.36M	1.71%	+1,300	Timeline
BSRRSIERRA BANCORP	139,415	$2.75M	1.41%	+10,124	Timeline
MACATAWA BANK CORPMACATAWA BANK CORP	292,438	$2.71M	1.38%	0
FFICFLUSHING FINL CORP	137,610	$2.67M	1.36%	-7,800	Timeline
RANDOLPH BANCORP INCRANDOLPH BANCORP INC	94,469	$2.55M	1.3%	0
THE BANK OF PRINCETONTHE BANK OF PRINCETON	88,959	$2.52M	1.29%	+1,601
FIRST FINANCIAL NORTHWEST INFIRST FINANCIAL NORTHWEST IN	166,132	$2.46M	1.26%	-1,136
MOFGMIDWESTONE FINANCIAL GROUP I	80,346	$2.19M	1.12%	-7,606	Timeline
WNEBWESTERN NEW ENG BANCORP INC	266,060	$2.16M	1.1%	0	Timeline
PCBPCB BANCORP	111,410	$2.01M	1.03%	-22,948	Timeline
CIVBCIVISTA BANCSHARES INC	95,419	$1.98M	1.01%	+13,422	Timeline
ENTERPRISE BANCORP INC MASS…ENTERPRISE BANCORP INC MASS COM	65,247	$1.95M	1%	+102
PGCPEAPACK-GLADSTONE FINL CORP	56,612	$1.91M	0.97%	-16,770	Timeline
BANKFINANCIAL CORPBANKFINANCIAL CORP	197,981	$1.87M	0.96%	0
SHBISHORE BANCSHARES INC	107,579	$1.86M	0.95%	0	Timeline
CFFIC & F FINL CORP	34,820	$1.86M	0.95%	-2,400	Timeline
SOUTHERN STS BANCSHARES INC…SOUTHERN STS BANCSHARES INC COM	67,153	$1.83M	0.93%	-2,847
NFBKNORTHFIELD BANCORP INC DEL	126,034	$1.8M	0.92%	+1,800	Timeline
UMPQUA HOLDINGSUMPQUA HOLDINGS	102,814	$1.76M	0.9%	0
INDBINDEPENDENT BK CORP MASS	91,225	$1.74M	0.89%	0	Timeline
BCBPBCB BANCORP INC	103,065	$1.74M	0.89%	0	Timeline
FIRST LONG IS CORPFIRST LONG IS CORP	98,953	$1.71M	0.87%	0
HBCPHOMEBANCORP INC	43,644	$1.7M	0.87%	-4,027	Timeline
DCOMDIME COML BANCSHARES INC	57,028	$1.67M	0.85%	0	Timeline
FNWBFIRST NORTHWEST BANCORP	103,519	$1.67M	0.85%	-3,920	Timeline
KRNYKEARNY FINL CORP MD	151,564	$1.61M	0.82%	+108,895	Timeline
CFBKCF BANKSHARES INC	73,521	$1.52M	0.77%	0	Timeline
HARBORONE BANCORP INC NEWHARBORONE BANCORP INC NEW	110,760	$1.49M	0.76%	+1,000
TSBKTIMBERLAND BANCORP INC	52,659	$1.46M	0.74%	-2,504	Timeline
HTBKHERITAGE COMM CORP	116,357	$1.32M	0.67%	-133,177	Timeline
FCCOFIRST CMNTY CORP S C	74,273	$1.3M	0.66%	0	Timeline
CCNECNB FINL CORP PA	53,016	$1.25M	0.64%	-8,446	Timeline
BWFGBANKWELL FINL GROUP INC	41,369	$1.2M	0.61%	+10,835	Timeline
CFGCITIZENS FINL GROUP INC	34,200	$1.18M	0.6%	+24,700	Timeline
PDLBPONCE FINANCIAL GROUP INC	126,063	$1.16M	0.59%	0	Timeline
EBMTEAGLE BANCORP MONT INC	56,399	$1.07M	0.55%	0	Timeline
MPBMID PENN BANCORP INC	37,219	$1.07M	0.55%	-8,986	Timeline
LIMESTONE BANCORP INCLIMESTONE BANCORP INC	53,610	$1.05M	0.54%	-500
MBWMMERCANTILE BK CORP	33,378	$992K	0.51%	-9,900	Timeline
SSBISUMMIT ST BK SANTA ROSA CALI	66,087	$959K	0.49%	-3,800	Timeline
SFBCSOUND FINL BANCORP INC	23,477	$951K	0.49%	-4,555	Timeline
CODORUS VY BANCORP INCCODORUS VY BANCORP INC	50,343	$948K	0.48%	+10,760
Community West BancsharesCommunity West Bancshares	67,068	$936K	0.48%	-700
UNTYUNITY BANCORP INC	36,521	$917K	0.47%	0	Timeline
HMN FINL INCHMN FINL INC	39,554	$886K	0.45%	0
SUMMIT FINL GROUP INCSUMMIT FINL GROUP INC	32,613	$879K	0.45%	0
PBFSPIONEER BANCORP INC MD	83,505	$795K	0.41%	+9,697	Timeline
OVLYOAK VY BANCORP OAKDALE CALIF	43,972	$786K	0.4%	-300	Timeline
SBFGSB FINL GROUP INC	44,722	$754K	0.38%	-1,127	Timeline
FSFGFIRST SAVINGS FINANCIAL GRP	32,544	$748K	0.38%	0	Timeline
FUSBFIRST US BANCSHARES INC	91,959	$732K	0.37%	-600	Timeline
MNSBMAINSTREET BANCSHARES INC	31,501	$719K	0.37%	+2,769	Timeline
BLFYBLUE FOUNDRY BANCORP	63,243	$705K	0.36%	+41,120	Timeline
Malvern Bancorp, Inc.Malvern Bancorp, Inc.	48,826	$702K	0.36%	-500
FNWDFINWARD BANCORP	20,347	$692K	0.35%	0	Timeline
FNCB BANCORP INCFNCB BANCORP INC	86,116	$647K	0.33%	-4,100
CLBKCOLUMBIA FINL INC	29,226	$618K	0.32%	-8,200	Timeline
FFBW INCFFBW INC	51,270	$610K	0.31%	-2,897
MERIDIAN BANCORP INC MDMERIDIAN BANCORP INC MD	19,097	$557K	0.28%	+2,700
HOPEHOPE BANCORP INC	42,933	$543K	0.28%	new	Timeline
BKUBANKUNITED INC	15,825	$541K	0.28%	new	Timeline
BCOW1895 BANCORP OF WISCONSIN IN	50,654	$527K	0.27%	0	Timeline
ASRVAMERISERV FINL INC	135,941	$517K	0.26%	-65,835	Timeline
BBTBEACON FINANCIAL CORP.	18,285	$499K	0.25%	-119,063	Timeline
CBANCOLONY BANKCORP INC	38,285	$499K	0.25%	-26,821	Timeline
BYBYLINE BANCORP INC	23,429	$474K	0.24%	new	Timeline
CZWICITIZENS CMNTY BANCORP INC M	37,839	$461K	0.24%	+2,001	Timeline
CHMGCHEMUNG FINL CORP	10,058	$421K	0.21%	+400	Timeline
VERITEX HLDGS INCVERITEX HLDGS INC	15,624	$415K	0.21%	new
BOTJBANK OF THE JAMES FINL GP IN	32,833	$415K	0.21%	+1,991	Timeline
FULTFULTON FINL CORP PA	25,673	$406K	0.21%	new	Timeline
FRAFFRANKLIN FINL SVCS CORP	12,816	$404K	0.21%	0	Timeline
TRSTTRUSTCO BK CORP N Y	12,442	$391K	0.2%	-9,400	Timeline
FCAPFIRST CAP INC	14,180	$365K	0.19%	new	Timeline
FBIZFIRST BUSINESS FINL SVCS INC	11,279	$364K	0.19%	-32,553	Timeline
AFBIAFFINITY BANCSHARES INC	24,360	$356K	0.18%	0	Timeline
MGYRMAGYAR BANCORP INC	27,774	$345K	0.18%	+143	Timeline
BSBKBOGOTA FINL CORP	30,738	$339K	0.17%	+7,733	Timeline
CENTRAL VY CMNTY BANCORPCENTRAL VY CMNTY BANCORP	18,637	$330K	0.17%	-2,209
FXNCFIRST NATL CORP VA	21,116	$323K	0.16%	+6,833	Timeline
PEBKPEOPLES BANCORP N C INC	11,400	$283K	0.14%	0	Timeline
ABCBAMERIS BANCORP	5,993	$268K	0.14%	-12,600	Timeline
CIZNCITIZENS HOLDING CO	17,505	$268K	0.14%	+850	Timeline
TCBXTHIRD COAST BANCSHARES INC	14,783	$253K	0.13%	new	Timeline
ORRFORRSTOWN FINL SVCS INC	10,397	$249K	0.13%	-29,327	Timeline
GENERATIONS BANCORP NY INCGENERATIONS BANCORP NY INC	21,938	$242K	0.12%	0
MBINMERCHANTS BANCORP IND	10,348	$239K	0.12%	0	Timeline
LAKE SHORE BANCORP INCLAKE SHORE BANCORP INC	17,245	$227K	0.12%	+376
FFWMFIRST FNDTN INC	12,428	$225K	0.11%	new	Timeline
GLBZGLEN BURNIE BANCORP COM	23,205	$219K	0.11%	-895	Timeline
ESSA BANCORP INC COMESSA BANCORP INC COM	11,220	$218K	0.11%	-10,966
EGBNEAGLE BANCORPORATION INC	4,800	$215K	0.11%	new	Timeline
OPHCOPTIMUMBANK HLDGS INC	52,937	$215K	0.11%	0	Timeline
IROQIF BANCORP INC	11,121	$211K	0.11%	0	Timeline
PLBCPLUMAS BANCORP	7,315	$208K	0.11%	-285	Timeline
RMBIRICHMOND MUT BANCORPORATION	14,559	$196K	0.1%	+406	Timeline
FIRST SEACOAST BANCORPFIRST SEACOAST BANCORP	18,983	$196K	0.1%	+5,989
RBKBRHINEBECK BANCORP INC	19,628	$191K	0.1%	0	Timeline
FNBF N B CORP	16,336	$189K	0.1%	-234,841	Timeline
TC Bancshares, Inc.TC Bancshares, Inc.	12,277	$177K	0.09%	+200
KFFBKENTUCKY FIRST FED BANCORP	20,826	$150K	0.08%	0	Timeline
UBFOUNITED SEC BANCSHARES CALIF	15,251	$99K	0.05%	new	Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
XLFSELECT SECTOR SPDR TR SHS	put	1,380,000	$44.2M	+50,000

Sold out in Q3 2022

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
CBM BANCORP INCCBM BANCORP INC	106,546	$1.87M	shares
GSBCGREAT SOUTHN BANCORP INC	13,557	$794K	shares
SPFISOUTH PLAINS FINANCIAL INC	24,201	$584K	shares
UBOHUNITED BANCSHARES INC (OH)	18,399	$524K	shares
PRUDENTIAL BANCORP INC NEWPRUDENTIAL BANCORP INC NEW	32,196	$487K	shares
ISTRINVESTAR HOLDING CORP	16,935	$371K	shares
WVFCWVS FINL CORP	12,628	$188K	shares

How Q3 2022 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001104659-22-118202	base		2022-11-14	acceptance time not in the bulk data set	2026-10-07 18:34:10 UTC