A Deep Dive into Maltese Capital Management's Q3 and Q4 2022 Holdings

Maltese Capital Management LLC recently released its 13F filings for Q3 and Q4 of 2022, revealing significant changes in its holdings. With over $400 million in assets under management, Maltese Capital Management is a prominent player in the finance industry. In this blog post, we will take a closer look at the changes in the company's holdings to understand its investment strategy.

Introduction

The 13F report filed with the SEC by Maltese Capital Management LLC shows the company's holdings for Q3 and Q4 of 2022. The report lists over 50 stocks, with total shares valued at approximately $400 million. The report also shows a high level of turnover for the company, indicating that Maltese Capital Management is actively managing its portfolio.

Main Body

One of the significant holdings for Maltese Capital Management is LEN-B, the ticker symbol for Lennar Corp. According to the 13F report, Maltese Capital Management continues to hold 215,000 shares of Lennar Corp, with a value of $16,077,000 in Q3 2022 and $20,077,000 in Q4 2022. This represents a 25.6% increase in value from Q3 to Q4.

Another significant holding for Maltese Capital Management is MTB (M&T Bank Corp). The 13F report shows that Maltese Capital Management increased its stake in MTB from 70,100 shares in Q3 to 87,500 shares in Q4. The value of the holdings increased as well, from $12,360,000 to $12,692,000, representing a 2.7% increase in value.

Maltese Capital Management also increased its holdings in ABCB (Ameris Bancorp) from 205,000 to 205,600 shares, representing a 5.7% increase in value. Additionally, the company reduced its holdings in PFBC (Preferred Bank Los Angeles CA) by 8.5% from 154,300 shares in Q3 to 123,400 shares in Q4.

BrightSphere Inv Group Inc (BSIG) is another notable holding for Maltese Capital Management, with the report showing a reduction in shares from 475,000 to 421,400 shares over the period. However, the value of the holdings increased by 22.4% from Q3 to Q4.

Other noteworthy holdings for Maltese Capital Management include ESSA Bancorp Inc, Webster Finl Corp, and Esquire Finl Hldgs Inc. While the company reduced its holdings in some stocks, it increased its stake in others, demonstrating a dynamic investment strategy.

Conclusion

Maltese Capital Management's Q3 and Q4 2022 13F filings show an active and dynamic approach to investment management. The company increased its holdings in some stocks while reducing its stake in others. Still, overall, the company's portfolio increased in value by 11.8% from Q3 to Q4 of 2022.

It is essential to note that while the 13F report provides insight into Maltese Capital Management's investments, it does not reveal the company's complete investment strategy. The report shows only U.S. publicly traded companies and does not list the company's private investments or other financial instruments.

In conclusion, the 13F report for Maltese Capital Management reveals the company's active investment management approach. With over $400 million in assets under management, Maltese Capital Management is a significant player in the finance industry, and its investment strategy will be closely watched in the coming years.