Basswood Capital Management Q2 2026 Portfolio Shifts: Key Acquisitions and Disposals

As reported for the period ending June 30, 2026, Basswood Capital Management LLC has documented changes to its investment portfolio. The firm's holdings reflect a dynamic approach with significant buying activity in several stocks and selling or reducing positions in others.

The following table summarizes key movements observed during this quarter:

• Significant Buys: WFC, SYF, HBAN, CBZ (via Wells Fargo, Synchro Financial, etc.)
• Significant Sells: PFSI, TFC, LPLA, UWMC (via exits or reductions)

Basswood Capital Management's portfolio is dominated by the Financial Services sector. This quarter saw notable additions to this part of their holdings.

• Wells Fargo & Co (WFC): Basswood significantly increased its stake in WFC, raising it from a previous allocation and boosting its position substantially during Q2 2026 (link).
• Synchro Financial (SYF): The investor also made a substantial purchase in SYF, increasing its position by approximately 63.37% during the quarter (Basswood profile).
• Huntington Bancshares (HBAN): Basswood purchased a significant amount of HBAN shares, leading to an over 134% increase in its stake during Q2 (link).
• CBIZ (CBZ): The investor increased its position in CBIZ, a bank holding company focused on community banking and insurance services (link).

Conversely, Basswood Capital Management also divested or reduced its holdings in certain Financial Services stocks:

• PennyMac (PFSI): The investor disposed of a substantial portion of PFSI shares during the quarter, reducing its stake by approximately 58.31% (Basswood profile). This exit is particularly noteworthy given the size of the reduction.
• TFC, LPLA (via exits): The investor disposed of positions in TFC and LPLA entirely during this period (Basswood profile). These are significant disposals.
• UWM Holdings (UWMC): Basswood disposed of its entire position in UWMC, reducing it by 95.53% (link). This represents a complete exit.

Additionally, Basswood Capital Management purchased shares in other Financial Services companies:

• Bank of America (BAC): The investor increased its stake in BAC by approximately 13.54% during the quarter (Basswood profile). This is a moderate increase.
• F N B Corp (FNB): Basswood purchased shares in FNB, increasing its position by about 309.55% (Basswood profile). This is a significant acquisition.
• Rocket Cos (RKT): The investor purchased shares in RKT, increasing its position by approximately 20.12% (Basswood profile). This is a moderate increase.
• Banc of California (BANC): Basswood purchased shares in BANC, increasing its stake by about 129.46% (Basswood profile). This is a substantial addition.
• EBC Bancorp (EBC): The investor purchased shares in EBC, increasing its position by approximately 100% (Basswood profile). This indicates a doubling of the position.
• Shore Bancshares (SHBI): Basswood purchased shares in SHBI, increasing its stake by about 100% (Basswood profile). This is another doubling of the position.

Beyond Financial Services, Basswood Capital Management also purchased shares in CBIZ (link) and disposed of its entire holding in UWMC. The firm's portfolio includes holdings across other sectors like Consumer Cyclical (5.59%) and Industrials (0.64%), although the bulk remains concentrated within Financial Services.

For detailed information on Basswood Capital Management's investment activities, including full position changes and sector breakdowns for Q2 2026, please refer to their filing available at Basswood profile.