BAYVIEW ASSET MANAGEMENT, LLC
Long book
$119.8M
Q1 2026
Positions
42
Top-10 weight
56%
concentration
Last quarter
+13.2%
SPY +14.8%
Turnover
57%
of book per quarter
Strategy in plain words
auto-generated from filingsBAYVIEW ASSET MANAGEMENT, LLC is a concentrated fundamental stock-picker, specialised in financials (88% of the long book), running a $119.8M US long book across 42 positions.
The portfolio is concentrated: the top 10 names carry 56% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: BANC OF CALIFORNIA INC, BEACON FINANCIAL CORP, SS FINANCIAL SELECT SECTOR, FIDELITY NATIONAL FINANCIAL, APOLLO GLOBAL MANAGEMENT INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.1%
Q2 2024
+18.8%
Q3 2024
-6.0%
Q4 2024
-3.4%
Q1 2025
+4.4%
Q2 2025
+10.0%
Q3 2025
+7.0%
Q4 2025
-2.5%
Q1 2026
+13.2%
Sector allocation
Financials 89%
Other 5%
Real estate 3%
Services media 3%
Industrials 0%
Long book by quarter
What does BAYVIEW ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BANC BANC OF CALIFORNIA INC | Financials | 725.0K | $12.7M | 10.6% | Held |
| BBT BEACON FINANCIAL CORP | Financials | 394.8K | $11.8M | 9.9% | -27.5% |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 183.1K | $8.5M | 7.1% | New |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 40.0K | $4.5M | 3.7% | +122.2% |
| ONB OLD NATIONAL BANCORP | Financials | 190.0K | $4.2M | 3.5% | +31.0% |
| CBSH COMMERCE BANCSHARES INC | Financials | 85.0K | $4.2M | 3.5% | New |
| JPM JPMORGAN CHASE & CO | Financials | 13.5K | $4.0M | 3.3% | +8.0% |
| ASB ASSOCIATED BANC-CORP | Financials | 150.0K | $3.9M | 3.2% | New |
| BANR BANNER CORPORATION | Financials | 60.0K | $3.6M | 3.0% | New |
| ARCC ARES CAPITAL CORP | — | 185.3K | $3.3M | 2.8% | -31.4% |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 111.6K | $3.1M | 2.6% | New |
| SPGI S&P GLOBAL INC | Services media | 6.7K | $2.8M | 2.4% | +107.8% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 29.0K | $2.7M | 2.3% | New |
| OFG OFG BANCORP | Financials | 61.8K | $2.5M | 2.1% | New |
| FNB FNB CORP | Financials | 146.0K | $2.4M | 2.0% | +1.4% |
| UMBF UMB FINANCIAL CORP | Financials | 21.0K | $2.4M | 2.0% | +109.7% |
| CBRE CBRE GROUP INC - A | Real estate | 17.4K | $2.4M | 2.0% | New |
| FLG FLAGSTAR BANK NA | Financials | 166.7K | $2.2M | 1.8% | Held |
| BAC BANK OF AMERICA CORP | Financials | 45.0K | $2.2M | 1.8% | +50.0% |
| FFBC FIRST FINANCIAL BANCORP | Financials | 76.6K | $2.1M | 1.8% | +27.7% |
| TOWN TOWNE BANK | — | 63.3K | $2.1M | 1.8% | +15.1% |
| HBNC HORIZON BANCORP INC/IN | Financials | 118.4K | $2.0M | 1.6% | +24.0% |
| NWBI NORTHWEST BANCSHARES INC | Financials | 152.0K | $1.9M | 1.6% | +68.9% |
| FISI FINANCIAL INSTITUTIONS INC | Financials | 50.0K | $1.6M | 1.3% | Held |
| FBP FIRST BANCORP PUERTO RICO | Financials | 64.6K | $1.4M | 1.2% | New |
| NRIM NORTHRIM BANCORP INC | Financials | 50.5K | $1.2M | 1.0% | New |
| FULT FULTON FINANCIAL CORP | Financials | 47.0K | $956K | 0.8% | -18.3% |
| JLL JONES LANG LASALLE INC | Real estate | 1.7K | $527K | 0.4% | New |
| BUSE FIRST BUSEY CORP | Financials | 20.0K | $505K | 0.4% | -72.2% |
| SBSI SOUTHSIDE BANCSHARES INC | Financials | 15.0K | $466K | 0.4% | -82.4% |
| FG F&G ANNUITIES & LIFE INC | Financials | 15.0K | $380K | 0.3% | New |
| TMHC TAYLOR MORRISON HOME CORP | Industrials | 6.0K | $349K | 0.3% | -33.3% |
| GL GLOBE LIFE INC | Financials | 2.5K | $348K | 0.3% | -66.7% |
| PGR PROGRESSIVE CORP | Financials | 1.5K | $297K | 0.2% | New |
| C CITIGROUP INC | Financials | 2.5K | $284K | 0.2% | -81.5% |
| WSBC WESBANCO INC | Financials | 7.5K | $259K | 0.2% | -90.7% |
| BKU BANKUNITED INC | Financials | 5.0K | $226K | 0.2% | Held |
| NBTB N B T BANCORP INC | Financials | 5.2K | $220K | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 58 | $259.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 73 | $432.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 72 | $409.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 57 | $261.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 54 | $237.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 35 | $123.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 41 | $323.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 46 | $286.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 30 | $257.3M | canonical | SEC ↗ |