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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
-3.66%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$95.9M
AUM Growth
-$17.4M
(-15%)
Cap. Flow
-$12.6M
Cap. Flow
% of AUM
-13.15%
Top 10 Holdings %
Top 10 Hldgs %
60.64%
Holding
108
New
7
Increased
13
Reduced
35
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seacoast Banking Corp of Florida
SBCF
|
+$1.08M |
| 2 |
Atlantic Union Bankshares
AUB
|
+$804K |
| 3 |
Pinnacle Financial Partners Inc
PNFP
|
+$689K |
| 4 |
SouthState Bank Corp
SSB
|
+$531K |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$258K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Bancorp
FBNC
|
+$2.45M |
| 2 |
Bank of America
BAC
|
+$1.1M |
| 3 |
Peapack-Gladstone Financial
PGC
|
+$972K |
| 4 |
Enterprise Financial Services Corp
EFSC
|
+$919K |
| 5 |
Cerus
CERS
|
+$919K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.07% |
| 2 | Miscellaneous | 3.41% |
| 3 | Energy | 1.35% |
| 4 | Technology | 0.69% |
| 5 | Healthcare | 0.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Towne Bank
TOWN
$3.47B
| $731K | 0.76% |
31,465
+4,400
| +16% | +$106K |
|
27
Capital One
COF
$127B
| $723K | 0.75% |
6,612
| – | – |
|
28
Popular Inc
BPOP
$10.5B
| $675K | 0.7% |
11,158
| – | – |
|
29
Devon Energy
DVN
$56.5B
| $672K | 0.7% |
13,900
+2,000
| +17% | +$101K |
|
30
Hancock Whitney
HWC
$6.09B
| $666K | 0.69% |
17,357
-953
| -5% | -$35.4K |
|
31
Apple
AAPL
$4.84T
| $665K | 0.69% |
3,428
| – | – |
|
|
32
CALL
Bank of America
BAC
$416B
| $656K | 0.68% |
472,000
-397,400
| -46% | -$11.3M |
|
33
Summit State Bank
SSBI
$87.8M
| $632K | 0.66% |
41,797
| – | – |
|
34
ExxonMobil
XOM
$696B
| $622K | 0.65% |
5,800
| – | – |
|
35
Shore Bancshares
SHBI
$787M
| $621K | 0.65% |
53,739
-20,000
| -27% | -$245K |
|
36
MetLife
MET
$62.4B
| $602K | 0.63% |
10,646
| – | – |
|
37
Morgan Stanley
MS
$324B
| $593K | 0.62% |
6,940
-200
| -3% | -$17.1K |
|
38
Provident Financial Services
PFS
$3.04B
| $584K | 0.61% |
35,710
-10,000
| -22% | -$170K |
|
|
CVLY
39
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $580K | 0.61% |
29,602
| – | – |
|
40
Ameris Bancorp
ABCB
$5.69B
| $504K | 0.53% |
14,719
| – | – |
|
41
CNO Financial Group
CNO
$5.16B
| $485K | 0.51% |
20,505
-5,000
| -20% | -$111K |
|
|
HTB
42
HomeTrust Bancshares
HTB
$791M
| $483K | 0.5% |
23,114
| – | – |
|
|
LBAI
43
DELISTED
Lakeland Bancorp Inc
LBAI
| $450K | 0.47% |
33,579
-49,158
| -59% | -$686K |
|
44
Citizens Financial Group
CFG
$29.6B
| $449K | 0.47% |
17,201
| – | – |
|
45
Banc of California
BANC
$2.95B
| $429K | 0.45% |
37,051
-15,000
| -29% | -$173K |
|
|
UCB
46
United Community Banks
UCB
$4.26B
| $426K | 0.44% |
17,032
| – | – |
|
47
Dime Commercial Bancshares
DCOM
$1.81B
| $421K | 0.44% |
23,873
-10,099
| -30% | -$188K |
|
48
Citigroup
C
$228B
| $405K | 0.42% |
8,788
+3,300
| +60% | +$155K |
|
49
CF Bankshares
CFBK
$229M
| $392K | 0.41% |
26,132
| – | – |
|
50
Independent Bank
INDB
$3.96B
| $346K | 0.36% |
7,778
-13,693
| -64% | -$710K |
|
Similar funds
MWAL
PIA
WIM
HCM
SPA
AP
FCM
SC
Salzhauer Michael's Q2 2023 Portfolio in Review
As of Q2 2023, Salzhauer Michael held 108 positions worth $95.9M, down 15% from $113M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Salzhauer Michael withdrew a net $12.6M in Q2 2023, closing 23 positions and reducing 35 holdings. Its most notable exit was First Bancorp, an estimated $2.45M position sold in full.
By sector, the portfolio is most concentrated in Financials at 94% of assets, up from 93% a quarter earlier, followed by Miscellaneous and Energy.
Against the trend, Salzhauer Michael opened a new position in Atlantic Union Bankshares worth $740K.
- Salzhauer Michael's largest Q2 2023 buy was Atlantic Union Bankshares: 28,498 shares worth $740K.
- Salzhauer Michael added most to Seacoast Banking Corp of Florida in Q2 2023, an estimated $1.08M increase.
- Salzhauer Michael's biggest Q2 2023 reduction was Bank of America, cutting an estimated $1.1M.
- Salzhauer Michael fully exited First Bancorp in Q2 2023, selling an estimated $2.45M.
- Salzhauer Michael's ten largest holdings make up 61% of its $95.9M portfolio in Q2 2023.
- Salzhauer Michael opened 7 new positions and closed 23 in Q2 2023.
- Salzhauer Michael's portfolio value fell 15% quarter-over-quarter to $95.9M.
Based on Salzhauer Michael's 13F filing for Q2 2023, filed 8 Aug 2023.