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Salzhauer Michael Portfolio holdings

AUM $292M
1-Year Est. Return 30%
This Fund
S&P 500
This Quarter Est. Return
-15.34%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$113M
AUM Growth
-$57.3M
Cap. Flow
-$32.9M
Cap. Flow %
-29.04%
Top 10 Hldgs %
53.65%
Holding
117
New
5
Increased
15
Reduced
24
Closed
16

Top Buys

Rank Stock Value
1
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$1.8M
2
PNC icon
PNC Financial Services
PNC
+$966K
3
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$919K
4
HWC icon
Hancock Whitney
HWC
+$371K
5
DVN icon
Devon Energy
DVN
+$273K

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$22.8M
2
BKU icon
Bankunited
BKU
+$5.09M
3
WFC icon
Wells Fargo
WFC
+$2.37M
4
AUB icon
Atlantic Union Bankshares
AUB
+$2.28M
5
SNV
Synovus
SNV
+$1.39M

Sector Composition

Rank Sector Weight
1 Financials 93.07%
2 Energy 1.09%
3 Healthcare 1.05%
4 Industrials 0.54%
5 Technology 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNOB icon
26
Center Bancorp
CNOB
$1.65B
$929K 0.82%
52,522
+4,729
+10% +$108K
EFSC icon
27
Enterprise Financial Services Corp
EFSC
$2.4B
$919K 0.81%
20,614
– –
CERS icon
28
Cerus
CERS
$575M
$919K 0.81%
309,404
+937
+0.3% +$2.82K
PFS icon
29
Provident Financial Services
PFS
$3.14B
$877K 0.77%
45,710
– –
WSFS icon
30
WSFS Financial
WSFS
$4.14B
$864K 0.76%
22,977
– –
BAFN icon
31
BayFirst Financial Corp
BAFN
$33.1M
$855K 0.75%
55,077
– –
COOP
32
DELISTED
Mr. Cooper
COOP
$842K 0.74%
20,557
-4,568
-18% -$200K
CBFV icon
33
CB Financial Services
CBFV
$192M
$794K 0.7%
36,573
– –
DCOM icon
34
Dime Commercial Bancshares
DCOM
$1.79B
$772K 0.68%
33,972
– –
TOWN icon
35
Towne Bank
TOWN
$3.54B
$721K 0.64%
27,065
– –
LMST
36
DELISTED
Limestone Bancorp, Inc. Common Stock
LMST
$690K 0.61%
30,907
-17,093
-36% -$431K
THG icon
37
Hanover Insurance
THG
$8.13B
$673K 0.59%
5,236
-590
-10% -$79.3K
HWC icon
38
Hancock Whitney
HWC
$6.19B
$666K 0.59%
18,310
+7,961
+77% +$371K
BANC icon
39
Banc of California
BANC
$2.87B
$652K 0.58%
52,051
– –
JPM icon
40
CALL
JPMorgan Chase
JPM
$916B
$642K 0.57%
45,300
+43,000
+1,870% +$5.89M
BPOP icon
41
Popular Inc
BPOP
$11B
$641K 0.57%
11,158
– –
XOM icon
42
ExxonMobil
XOM
$650B
$636K 0.56%
5,800
-200
-3% -$22.1K
COF icon
43
Capital One
COF
$128B
$636K 0.56%
6,612
– –
FGBI icon
44
First Guaranty Bancshares
FGBI
$155M
$635K 0.56%
40,504
-902
-2% -$18.4K
MS icon
45
Morgan Stanley
MS
$319B
$627K 0.55%
7,140
-7,040
-50% -$657K
MET icon
46
MetLife
MET
$62.4B
$617K 0.54%
10,646
– –
CVLY
47
DELISTED
Codorus Valley Bancorp Inc
CVLY
$614K 0.54%
29,602
– –
AER icon
48
AerCap
AER
$23.4B
$611K 0.54%
10,858
-107
-1% -$6.4K
DVN icon
49
Devon Energy
DVN
$51.3B
$602K 0.53%
11,900
+4,800
+68% +$273K
SSBI icon
50
Summit State Bank
SSBI
$88.8M
$580K 0.51%
41,797
– –
1
2
3 4 5

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Salzhauer Michael's Q1 2023 Portfolio in Review

As of Q1 2023, Salzhauer Michael held 117 positions worth $113M, down 34% from $171M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Salzhauer Michael withdrew a net $32.9M in Q1 2023, closing 16 positions and reducing 24 holdings. Its most notable exit was Bankunited, an estimated $5.09M position sold in full.

By sector, the portfolio is most concentrated in Financials at 93% of assets, down from 94% a quarter earlier, followed by Energy and Healthcare.

Against the trend, Salzhauer Michael opened a new position in Orrstown Financial Services worth $207K.

  • Salzhauer Michael's largest Q1 2023 buy was Orrstown Financial Services: 10,400 shares worth $207K.
  • Salzhauer Michael added most to Seacoast Banking Corp of Florida in Q1 2023, an estimated $1.8M increase.
  • Salzhauer Michael's biggest Q1 2023 reduction was Bank of America, cutting an estimated $22.8M.
  • Salzhauer Michael fully exited Bankunited in Q1 2023, selling an estimated $5.09M.
  • Salzhauer Michael's ten largest holdings make up 54% of its $113M portfolio in Q1 2023.
  • Salzhauer Michael opened 5 new positions and closed 16 in Q1 2023.
  • Salzhauer Michael's portfolio value fell 34% quarter-over-quarter to $113M.

Based on Salzhauer Michael's 13F filing for Q1 2023, filed 5 May 2023.