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Salzhauer Michael Portfolio holdings

AUM $292M
1-Year Est. Return 30%
This Fund
S&P 500
This Quarter Est. Return
-38.27%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$58.8M
AUM Growth
-$160M
Cap. Flow
-$61.3M
Cap. Flow %
-104.31%
Top 10 Hldgs %
41.56%
Holding
141
New
5
Increased
17
Reduced
49
Closed
34

Top Buys

Rank Stock Value
1
CCAP icon
Crescent Capital BDC
CCAP
+$762K
2
FRST icon
Primis Financial Corp
FRST
+$362K
3
AUB icon
Atlantic Union Bankshares
AUB
+$349K
4
WSFS icon
WSFS Financial
WSFS
+$238K
5
CBFV icon
CB Financial Services
CBFV
+$135K

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$13.6M
2
BAC icon
Bank of America
BAC
+$9.89M
3
MTB icon
M&T Bank
MTB
+$8.05M
4
COF icon
Capital One
COF
+$5.8M
5
HWC icon
Hancock Whitney
HWC
+$4.61M

Sector Composition

Rank Sector Weight
1 Financials 79.22%
2 Healthcare 3.54%
3 Communication Services 0.52%
4 Real Estate 0.31%
5 Consumer Discretionary 0.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CBFV icon
26
CB Financial Services
CBFV
$192M
$662K 1.13%
34,273
+5,000
+17% +$135K
FBSS
27
DELISTED
Fauquier Bankshares Inc
FBSS
$650K 1.11%
47,281
+200
+0.4% +$3.79K
WSFS icon
28
WSFS Financial
WSFS
$4.14B
$573K 0.97%
22,977
+6,587
+40% +$238K
CCAP icon
29
Crescent Capital BDC
CCAP
$405M
$532K 0.91%
+55,149
New +$762K
EFSC icon
30
Enterprise Financial Services Corp
EFSC
$2.4B
$531K 0.9%
19,029
-8,121
-30% -$326K
THG icon
31
Hanover Insurance
THG
$8.13B
$528K 0.9%
5,826
-1,032
-15% -$128K
ABCB icon
32
Ameris Bancorp
ABCB
$5.89B
$522K 0.89%
21,976
-12,383
-36% -$442K
STND
33
DELISTED
Standard AVB Financial Corp. Common Stock
STND
$508K 0.86%
24,000
– –
SBBX
34
DELISTED
SB One Bancorp Common Stock
SBBX
$492K 0.84%
28,970
– –
RF icon
35
Regions Financial
RF
$26.4B
$491K 0.84%
54,766
-101,833
-65% -$1.43M
TOWN icon
36
Towne Bank
TOWN
$3.54B
$490K 0.83%
27,065
– –
SVBI
37
DELISTED
Severn Bancorp Inc/MD
SVBI
$484K 0.82%
75,324
-4,682
-6% -$36.8K
KINS icon
38
Kingstone Companies
KINS
$295M
$482K 0.82%
94,305
+1,095
+1% +$7.75K
USB icon
39
US Bancorp
USB
$97.9B
$465K 0.79%
13,489
-10,799
-44% -$521K
TBNK
40
DELISTED
Territorial Bancorp Inc.
TBNK
$450K 0.77%
18,349
-10,084
-35% -$278K
CNO icon
41
CNO Financial Group
CNO
$4.94B
$408K 0.69%
32,890
-139,114
-81% -$2.28M
MPB icon
42
Mid Penn Bancorp
MPB
$973M
$394K 0.67%
19,437
– –
CNOB icon
43
Center Bancorp
CNOB
$1.65B
$388K 0.66%
28,847
– –
COF icon
44
Capital One
COF
$128B
$378K 0.64%
7,492
-65,995
-90% -$5.8M
PFC
45
DELISTED
Premier Financial Corp. Common Stock
PFC
$363K 0.62%
24,607
-6,732
-21% -$172K
PMBC
46
DELISTED
Pacific Mercantile Bancorp
PMBC
$360K 0.61%
76,400
– –
CIVB icon
47
Civista Bancshares
CIVB
$608M
$344K 0.59%
23,005
-8,784
-28% -$177K
LMST
48
DELISTED
Limestone Bancorp, Inc. Common Stock
LMST
$334K 0.57%
30,000
– –
WSBC icon
49
WesBanco
WSBC
$4.02B
$306K 0.52%
12,905
– –
BPOP icon
50
Popular Inc
BPOP
$11B
$299K 0.51%
8,548
-6,416
-43% -$318K
1
2
3 4 5

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Salzhauer Michael's Q1 2020 Portfolio in Review

As of Q1 2020, Salzhauer Michael held 141 positions worth $58.8M, down 73% from $219M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Salzhauer Michael withdrew a net $61.3M in Q1 2020, closing 34 positions and reducing 49 holdings. Its most notable exit was Hancock Whitney, an estimated $4.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 79% of assets, down from 81% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Salzhauer Michael opened a new position in Crescent Capital BDC worth $532K.

  • Salzhauer Michael's largest Q1 2020 buy was Crescent Capital BDC: 55,149 shares worth $532K.
  • Salzhauer Michael added most to Primis Financial Corp in Q1 2020, an estimated $362K increase.
  • Salzhauer Michael's biggest Q1 2020 reduction was JPMorgan Chase, cutting an estimated $13.6M.
  • Salzhauer Michael fully exited Hancock Whitney in Q1 2020, selling an estimated $4.61M.
  • Salzhauer Michael's ten largest holdings make up 42% of its $58.8M portfolio in Q1 2020.
  • Salzhauer Michael opened 5 new positions and closed 34 in Q1 2020.
  • Salzhauer Michael's portfolio value fell 73% quarter-over-quarter to $58.8M.

Based on Salzhauer Michael's 13F filing for Q1 2020, filed 5 May 2020.