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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
Cap. Flow
-$30.2M
Cap. Flow %
-31.54%
Top 10 Hldgs %
60.64%
Holding
108
New
7
Increased
13
Reduced
35
Closed
23

Top Buys

Rank Stock Value
1
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$1.08M
2
AUB icon
Atlantic Union Bankshares
AUB
+$804K
3
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$689K
4
SSB icon
SouthState Bank Corp
SSB
+$531K
5
FITB
Fifth Third Bancorp
FITB
+$258K

Top Sells

Rank Stock Value
1
FBNC icon
First Bancorp
FBNC
+$2.45M
2
BAC icon
Bank of America
BAC
+$1.1M
3
PGC icon
Peapack-Gladstone Financial
PGC
+$972K
4
EFSC icon
Enterprise Financial Services Corp
EFSC
+$919K
5
CERS icon
Cerus
CERS
+$919K

Sector Composition

Rank Sector Weight
1 Financials 94.07%
2 Energy 1.35%
3 Technology 0.69%
4 Healthcare 0.25%
5 Communication Services 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TOWN icon
26
Towne Bank
TOWN
$3.54B
$731K 0.76%
31,465
+4,400
+16% +$106K
COF icon
27
Capital One
COF
$128B
$723K 0.75%
6,612
– –
BPOP icon
28
Popular Inc
BPOP
$11B
$675K 0.7%
11,158
– –
DVN icon
29
Devon Energy
DVN
$51.3B
$672K 0.7%
13,900
+2,000
+17% +$101K
HWC icon
30
Hancock Whitney
HWC
$6.19B
$666K 0.69%
17,357
-953
-5% -$35.4K
AAPL icon
31
Apple
AAPL
$4.97T
$665K 0.69%
3,428
– –
BAC icon
32
CALL
Bank of America
BAC
$429B
$656K 0.68%
472,000
-397,400
-46% -$11.3M
SSBI icon
33
Summit State Bank
SSBI
$88.8M
$632K 0.66%
41,797
– –
XOM icon
34
ExxonMobil
XOM
$650B
$622K 0.65%
5,800
– –
SHBI icon
35
Shore Bancshares
SHBI
$820M
$621K 0.65%
53,739
-20,000
-27% -$245K
MET icon
36
MetLife
MET
$62.4B
$602K 0.63%
10,646
– –
MS icon
37
Morgan Stanley
MS
$319B
$593K 0.62%
6,940
-200
-3% -$17.1K
PFS icon
38
Provident Financial Services
PFS
$3.14B
$584K 0.61%
35,710
-10,000
-22% -$170K
CVLY
39
DELISTED
Codorus Valley Bancorp Inc
CVLY
$580K 0.61%
29,602
– –
ABCB icon
40
Ameris Bancorp
ABCB
$5.89B
$504K 0.53%
14,719
– –
CNO icon
41
CNO Financial Group
CNO
$4.94B
$485K 0.51%
20,505
-5,000
-20% -$111K
HTB
42
HomeTrust Bancshares
HTB
$866M
$483K 0.5%
23,114
– –
LBAI
43
DELISTED
Lakeland Bancorp Inc
LBAI
$450K 0.47%
33,579
-49,158
-59% -$686K
CFG icon
44
Citizens Financial Group
CFG
$30.1B
$449K 0.47%
17,201
– –
BANC icon
45
Banc of California
BANC
$2.87B
$429K 0.45%
37,051
-15,000
-29% -$173K
UCB
46
United Community Banks
UCB
$4.26B
$426K 0.44%
17,032
– –
DCOM icon
47
Dime Commercial Bancshares
DCOM
$1.79B
$421K 0.44%
23,873
-10,099
-30% -$188K
C icon
48
Citigroup
C
$213B
$405K 0.42%
8,788
+3,300
+60% +$155K
CFBK icon
49
CF Bankshares
CFBK
$239M
$392K 0.41%
26,132
– –
INDB icon
50
Independent Bank
INDB
$4.04B
$346K 0.36%
7,778
-13,693
-64% -$710K
1
2
3 4 5

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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 $30.2M 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 Energy and Technology.

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.