# EDGAR Filing Document

**Accession Number:** 0001618872
**File Stem:** 0001104659-23-019862
**Filing Date:** 2023-2
**Character Count:** 15356
**Document Hash:** 452e4950f005bf2e7a2e87768f61e73b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-019862.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001104659-23-019862

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BHZ CAPITAL MANAGEMENT, LP
- **CENTRAL INDEX KEY:** 0001618872
- **IRS NUMBER:** 900827310
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17208
- **FILM NUMBER:** 23619850

**BUSINESS ADDRESS:**
- **STREET 1:** 2025 GATEWAY PLACE
- **STREET 2:** SUITE 405
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95110
- **BUSINESS PHONE:** 408-998-5438

**MAIL ADDRESS:**
- **STREET 1:** 2025 GATEWAY PLACE
- **STREET 2:** SUITE 405
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Context BH Capital Management, LP
- **DATE OF NAME CHANGE:** 20140908

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** BHZ CAPITAL MANAGEMENT LP<br>**Address:** 2025 Gateway Place<br>Suite 405<br>San Jose, CA 95110

**Form 13F File Number:** 028-17208

**CRD Number (if applicable):** 000164091

**SEC File Number (if applicable):** 801-107641

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ken Li<br>**Title:** Chief Operating Officer<br>**Phone:** 408-915-7168

**Signature, Place, and Date of Signing:**

/s/ Ken Li  San Jose, CA  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 116

**Form 13F Information Table Value Total:** $227407548

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 1895 BANCORP OF WIS INC | COM | 28253R105 |  | 501420 | 50142 | SH |  | SOLE |  | 50142 | 0 | 0 |
| AFFINITY BANCSHARES INC | COM | 00832E103 |  | 348206 | 23060 | SH |  | SOLE |  | 23060 | 0 | 0 |
| AMERISERV FINL INC | COM | 03074A102 |  | 533716 | 135461 | SH |  | SOLE |  | 135461 | 0 | 0 |
| BANC OF CALIFORNIA INC | COM | 05990K106 |  | 7336163 | 460525 | SH |  | SOLE |  | 460525 | 0 | 0 |
| BANK OF THE JAMES FINL GP IN | COM | 470299108 |  | 530853 | 44572 | SH |  | SOLE |  | 44572 | 0 | 0 |
| BANK PRINCETON NEW JERSEY | COM | 064520109 |  | 2779719 | 87633 | SH |  | SOLE |  | 87633 | 0 | 0 |
| BANKFINANCIAL CORP | COM | 06643P104 |  | 1742368 | 165467 | SH |  | SOLE |  | 165467 | 0 | 0 |
| BANKWELL FINL GROUP INC | COM | 06654A103 |  | 1408814 | 47870 | SH |  | SOLE |  | 47870 | 0 | 0 |
| BAYCOM CORP | COM | 07272M107 |  | 3748284 | 197486 | SH |  | SOLE |  | 197486 | 0 | 0 |
| BCB BANCORP INC | COM | 055298103 |  | 1830339 | 101742 | SH |  | SOLE |  | 101742 | 0 | 0 |
| BLUE FOUNDRY BANCORP | COM | 09549B104 |  | 851415 | 66258 | SH |  | SOLE |  | 66258 | 0 | 0 |
| BOGOTA FINL CORP | COM | 097235105 |  | 522352 | 46722 | SH |  | SOLE |  | 46722 | 0 | 0 |
| BYLINE BANCORP INC | COM | 124411109 |  | 596875 | 25985 | SH |  | SOLE |  | 25985 | 0 | 0 |
| C  F FINL CORP | COM | 12466Q104 |  | 1985842 | 34080 | SH |  | SOLE |  | 34080 | 0 | 0 |
| CAPSTAR FINL HLDGS INC | COM | 14070T102 |  | 3764600 | 213171 | SH |  | SOLE |  | 213171 | 0 | 0 |
| CENTRAL VALLEY CMNTY BANCORP | COM | 155685100 |  | 394732 | 18637 | SH |  | SOLE |  | 18637 | 0 | 0 |
| CF BANKSHARES INC | COM | 12520L109 |  | 1535974 | 72520 | SH |  | SOLE |  | 72520 | 0 | 0 |
| CHEMUNG FINL CORP | COM | 164024101 |  | 534752 | 11658 | SH |  | SOLE |  | 11658 | 0 | 0 |
| CHOICEONE FINL SVCS INC | COM | 170386106 |  | 258390 | 8910 | SH |  | SOLE |  | 8910 | 0 | 0 |
| CITIZENS CMNTY BANCORP INC M | COM | 174903104 |  | 497176 | 41328 | SH |  | SOLE |  | 41328 | 0 | 0 |
| CITIZENS HLDG CO MISS | COM | 174715102 |  | 344363 | 25136 | SH |  | SOLE |  | 25136 | 0 | 0 |
| CIVISTA BANCSHARES INC | COM NO PAR | 178867107 |  | 666573 | 30285 | SH |  | SOLE |  | 30285 | 0 | 0 |
| CNB FINL CORP PA | COM | 126128107 |  | 1238912 | 52077 | SH |  | SOLE |  | 52077 | 0 | 0 |
| CODORUS VY BANCORP INC | COM | 192025104 |  | 1310714 | 55072 | SH |  | SOLE |  | 55072 | 0 | 0 |
| COLONY BANKCORP INC | COM | 19623P101 |  | 201631 | 15889 | SH |  | SOLE |  | 15889 | 0 | 0 |
| COLUMBIA FINL INC | COM | 197641103 |  | 582140 | 26926 | SH |  | SOLE |  | 26926 | 0 | 0 |
| COMMUNITY FINL CORP MD | COM | 20368X101 |  | 5064826 | 126938 | SH |  | SOLE |  | 126938 | 0 | 0 |
| COMMUNITY WEST BANCSHARES | COM | 204157101 |  | 931089 | 62197 | SH |  | SOLE |  | 62197 | 0 | 0 |
| CONNECTONE BANCORP INC | COM | 20786W107 |  | 382324 | 15792 | SH |  | SOLE |  | 15792 | 0 | 0 |
| DIME CMNTY BANCSHARES INC | COM | 25432X102 |  | 1718756 | 53998 | SH |  | SOLE |  | 53998 | 0 | 0 |
| EAGLE BANCORP INC MD | COM | 268948106 |  | 203119 | 4609 | SH |  | SOLE |  | 4609 | 0 | 0 |
| EAGLE BANCORP MONT INC | COM | 26942G100 |  | 911408 | 56399 | SH |  | SOLE |  | 56399 | 0 | 0 |
| ENTERPRISE BANCORP INC MASS | COM | 293668109 |  | 2314056 | 65554 | SH |  | SOLE |  | 65554 | 0 | 0 |
| FFBW INC MD | COM | 30260M103 |  | 595245 | 51270 | SH |  | SOLE |  | 51270 | 0 | 0 |
| FINANCIAL INSTNS INC | COM | 317585404 |  | 3864738 | 158651 | SH |  | SOLE |  | 158651 | 0 | 0 |
| FIRST BANK WILLIAMSTOWN NJ | COM | 31931U102 |  | 3685107 | 267813 | SH |  | SOLE |  | 267813 | 0 | 0 |
| FIRST CAP INC | COM | 31942S104 |  | 561146 | 22536 | SH |  | SOLE |  | 22536 | 0 | 0 |
| FIRST CMNTY CORP S C | COM | 319835104 |  | 1573388 | 71877 | SH |  | SOLE |  | 71877 | 0 | 0 |
| FIRST FINANCIAL NORTHWEST IN | COM | 32022K102 |  | 2482665 | 165732 | SH |  | SOLE |  | 165732 | 0 | 0 |
| FIRST FINL CORP IND | COM | 320218100 |  | 3592212 | 77956 | SH |  | SOLE |  | 77956 | 0 | 0 |
| FIRST FNDTN INC | COM | 32026V104 |  | 2908173 | 202943 | SH |  | SOLE |  | 202943 | 0 | 0 |
| FIRST LONG IS CORP | COM | 320734106 |  | 1781154 | 98953 | SH |  | SOLE |  | 98953 | 0 | 0 |
| FIRST NATL CORP | COM | 32106V107 |  | 428935 | 25040 | SH |  | SOLE |  | 25040 | 0 | 0 |
| FIRST NORTHWEST BANCORP | COM | 335834107 |  | 1549240 | 100862 | SH |  | SOLE |  | 100862 | 0 | 0 |
| FIRST SEACOAST BANCORP | COM | 33631P102 |  | 460807 | 48252 | SH |  | SOLE |  | 48252 | 0 | 0 |
| FIRST SVGS FINL GROUP INC | COM | 33621E109 |  | 671200 | 33560 | SH |  | SOLE |  | 33560 | 0 | 0 |
| FIRST US BANCSHARES INC | COM | 33744V103 |  | 794732 | 91559 | SH |  | SOLE |  | 91559 | 0 | 0 |
| FIRST UTD CORP | COM | 33741H107 |  | 223126 | 11355 | SH |  | SOLE |  | 11355 | 0 | 0 |
| FLUSHING FINL CORP | COM | 343873105 |  | 2655254 | 137010 | SH |  | SOLE |  | 137010 | 0 | 0 |
| FNCB BANCORP INC | COM | 302578109 |  | 677448 | 82515 | SH |  | SOLE |  | 82515 | 0 | 0 |
| FRANKLIN FINL SVCS CORP | COM | 353525108 |  | 474751 | 13151 | SH |  | SOLE |  | 13151 | 0 | 0 |
| FS BANCORP INC | COM | 30263Y104 |  | 6174629 | 184648 | SH |  | SOLE |  | 184648 | 0 | 0 |
| GENERATIONS BANCORP NY INC | COM | 37149G108 |  | 236930 | 21938 | SH |  | SOLE |  | 21938 | 0 | 0 |
| GLEN BURNIE BANCORP | COM | 377407101 |  | 189252 | 22774 | SH |  | SOLE |  | 22774 | 0 | 0 |
| HARBORONE BANCORP INC NEW | COM NEW | 41165Y100 |  | 1350955 | 97191 | SH |  | SOLE |  | 97191 | 0 | 0 |
| HILLTOP HOLDINGS INC | COM | 432748101 |  | 4982890 | 166041 | SH |  | SOLE |  | 166041 | 0 | 0 |
| HMN FINL INC | COM | 40424G108 |  | 844082 | 39554 | SH |  | SOLE |  | 39554 | 0 | 0 |
| HOME BANCORP INC | COM | 43689E107 |  | 1290047 | 32227 | SH |  | SOLE |  | 32227 | 0 | 0 |
| HORIZON BANCORP INC | COM | 440407104 |  | 887925 | 58881 | SH |  | SOLE |  | 58881 | 0 | 0 |
| HV BANCORP INC | COM | 40441H105 |  | 438175 | 15407 | SH |  | SOLE |  | 15407 | 0 | 0 |
| IF BANCORP INC | COM | 44951J105 |  | 191837 | 11121 | SH |  | SOLE |  | 11121 | 0 | 0 |
| INDEPENDENT BK CORP MICH | COM NEW | 453838609 |  | 1233602 | 51572 | SH |  | SOLE |  | 51572 | 0 | 0 |
| INTERNATIONAL BANCSHARES COR | COM | 459044103 |  | 2005478 | 43826 | SH |  | SOLE |  | 43826 | 0 | 0 |
| KEARNY FINL CORP MD | COM | 48716P108 |  | 669514 | 65962 | SH |  | SOLE |  | 65962 | 0 | 0 |
| KENTUCKY FIRST FED BANCORP | COM | 491292108 |  | 138701 | 20826 | SH |  | SOLE |  | 20826 | 0 | 0 |
| LAKE SHORE BANCORP INC | COM | 510700107 |  | 234399 | 19420 | SH |  | SOLE |  | 19420 | 0 | 0 |
| LAKELAND BANCORP INC | COM | 511637100 |  | 5937282 | 337154 | SH |  | SOLE |  | 337154 | 0 | 0 |
| LIMESTONE BANCORP INC | COM | 53262L105 |  | 897411 | 36749 | SH |  | SOLE |  | 36749 | 0 | 0 |
| MACATAWA BK CORP | COM | 554225102 |  | 2887058 | 261746 | SH |  | SOLE |  | 261746 | 0 | 0 |
| MAGYAR BANCORP INC | COM | 55977T208 |  | 356063 | 27774 | SH |  | SOLE |  | 27774 | 0 | 0 |
| MAINSTREET BANCSHARES INC | COM | 56064Y100 |  | 854966 | 31101 | SH |  | SOLE |  | 31101 | 0 | 0 |
| MALVERN BANCORP INC | COM | 561409103 |  | 829546 | 46735 | SH |  | SOLE |  | 46735 | 0 | 0 |
| MERCANTILE BANK CORP | COM | 587376104 |  | 942328 | 28146 | SH |  | SOLE |  | 28146 | 0 | 0 |
| MERIDIAN CORPORATION | COM | 58958P104 |  | 482156 | 15918 | SH |  | SOLE |  | 15918 | 0 | 0 |
| MID PENN BANCORP INC | COM | 59540G107 |  | 333806 | 11138 | SH |  | SOLE |  | 11138 | 0 | 0 |
| MIDWESTONE FINL GROUP INC NE | COM | 598511103 |  | 2484279 | 78245 | SH |  | SOLE |  | 78245 | 0 | 0 |
| NORTHEAST CMNTY BANCORP INC | COM | 664121100 |  | 2572700 | 172433 | SH |  | SOLE |  | 172433 | 0 | 0 |
| NORTHFIELD BANCORP INC DEL | COM | 66611T108 |  | 1381550 | 87829 | SH |  | SOLE |  | 87829 | 0 | 0 |
| NSTS BANCORP INC | COM | 6293JP109 |  | 105514 | 10416 | SH |  | SOLE |  | 10416 | 0 | 0 |
| OAK VALLEY BANCORP OAKDALE C | COM | 671807105 |  | 995966 | 43972 | SH |  | SOLE |  | 43972 | 0 | 0 |
| OP BANCORP | COM | 67109R109 |  | 3804991 | 340949 | SH |  | SOLE |  | 340949 | 0 | 0 |
| OPTIMUMBANK HLDGS INC | COM | 68401P403 |  | 216512 | 52937 | SH |  | SOLE |  | 52937 | 0 | 0 |
| ORRSTOWN FINL SVCS INC | COM | 687380105 |  | 390871 | 16877 | SH |  | SOLE |  | 16877 | 0 | 0 |
| PACWEST BANCORP DEL | COM | 695263103 |  | 9230306 | 402192 | SH |  | SOLE |  | 402192 | 0 | 0 |
| PARKE BANCORP INC | COM | 700885106 |  | 4151111 | 200150 | SH |  | SOLE |  | 200150 | 0 | 0 |
| PARTNERS BANCORP | COM | 70213Q108 |  | 7242439 | 817431 | SH |  | SOLE |  | 817431 | 0 | 0 |
| PCB BANCORP | COM | 69320M109 |  | 1930580 | 109134 | SH |  | SOLE |  | 109134 | 0 | 0 |
| PCSB FINL CORP | COM | 69324R104 |  | 9722890 | 510656 | SH |  | SOLE |  | 510656 | 0 | 0 |
| PEAPACK-GLADSTONE FINL CORP | COM | 704699107 |  | 676920 | 18187 | SH |  | SOLE |  | 18187 | 0 | 0 |
| PEOPLES BANCORP N C INC | COM | 710577107 |  | 338624 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| PIONEER BANCORP INC MD | COM | 723561106 |  | 1008045 | 88425 | SH |  | SOLE |  | 88425 | 0 | 0 |
| PONCE FINANCIAL GROUP INC | COMMON STOCK | 732344106 |  | 499710 | 53617 | SH |  | SOLE |  | 53617 | 0 | 0 |
| PRIMIS FINANCIAL CORP | COM | 74167B109 |  | 4024698 | 339637 | SH |  | SOLE |  | 339637 | 0 | 0 |
| PROVIDENT BANCORP INC | COM NEW | 74383L105 |  | 2399277 | 329571 | SH |  | SOLE |  | 329571 | 0 | 0 |
| RBB BANCORP | COM | 74930B105 |  | 4169020 | 199953 | SH |  | SOLE |  | 199953 | 0 | 0 |
| REPUBLIC FIRST BANCORP INC | COM | 760416107 |  | 3590481 | 1669991 | SH |  | SOLE |  | 1669991 | 0 | 0 |
| RHINEBECK BANCORP INC | COM | 762093102 |  | 192649 | 21147 | SH |  | SOLE |  | 21147 | 0 | 0 |
| RICHMOND MUT BANCORPORATION | COM | 76525P100 |  | 205363 | 15785 | SH |  | SOLE |  | 15785 | 0 | 0 |
| SB FINL GROUP INC | COM | 78408D105 |  | 726189 | 42843 | SH |  | SOLE |  | 42843 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 27200000 | 850000 | SH | Put | SOLE |  | 850000 | 0 | 0 |
| SHORE BANCSHARES INC | COM | 825107105 |  | 1708889 | 98043 | SH |  | SOLE |  | 98043 | 0 | 0 |
| SIERRA BANCORP | COM | 82620P102 |  | 2948431 | 138815 | SH |  | SOLE |  | 138815 | 0 | 0 |
| SIGNATURE BK NEW YORK N Y | COM | 82669G104 |  | 1113947 | 9668 | SH |  | SOLE |  | 9668 | 0 | 0 |
| SMARTFINANCIAL INC | COM NEW | 83190L208 |  | 3565678 | 129661 | SH |  | SOLE |  | 129661 | 0 | 0 |
| SOUND FINL BANCORP INC | COM | 83607A100 |  | 916208 | 23331 | SH |  | SOLE |  | 23331 | 0 | 0 |
| SOUTHERN STS BANCSHARES INC | COM | 843878307 |  | 1760884 | 60825 | SH |  | SOLE |  | 60825 | 0 | 0 |
| SUMMIT FINL GROUP INC | COM | 86606G101 |  | 811738 | 32613 | SH |  | SOLE |  | 32613 | 0 | 0 |
| SUMMIT ST BK SANTA ROSA CALI | COM | 866264203 |  | 1033115 | 65387 | SH |  | SOLE |  | 65387 | 0 | 0 |
| TC BANCSHARES INC | COM | 87224V108 |  | 182927 | 12277 | SH |  | SOLE |  | 12277 | 0 | 0 |
| TEXAS CAPITAL BANCSHARES INC | COM | 88224Q107 |  | 8067427 | 133766 | SH |  | SOLE |  | 133766 | 0 | 0 |
| THIRD COAST BANCSHARES INC | COM | 88422P109 |  | 467846 | 25385 | SH |  | SOLE |  | 25385 | 0 | 0 |
| TIMBERLAND BANCORP INC | COM | 887098101 |  | 377137 | 11050 | SH |  | SOLE |  | 11050 | 0 | 0 |
| UNITED SEC BANCSHARES CALIF | COM | 911460103 |  | 138188 | 18904 | SH |  | SOLE |  | 18904 | 0 | 0 |
| UNITY BANCORP INC | COM | 913290102 |  | 998119 | 36521 | SH |  | SOLE |  | 36521 | 0 | 0 |
| VIRGINIA NATL BANKSHARES COR | COM | 928031103 |  | 666039 | 18168 | SH |  | SOLE |  | 18168 | 0 | 0 |
| WESTERN NEW ENG BANCORP INC | COM | 958892101 |  | 2450036 | 258989 | SH |  | SOLE |  | 258989 | 0 | 0 |

---