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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
+1.09%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$131M
AUM Growth
+$13.3M
(+11%)
Cap. Flow
+$11.5M
Cap. Flow
% of AUM
8.79%
Top 10 Holdings %
Top 10 Hldgs %
59.22%
Holding
104
New
17
Increased
20
Reduced
9
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$8.3M |
| 2 |
Dime Commercial Bancshares
DCOM
|
+$2.24M |
| 3 |
Metropolitan Bank Holding Corp
MCB
|
+$931K |
| 4 |
Hanmi Financial
HAFC
|
+$774K |
| 5 |
Western Alliance Bancorporation
WAL
|
+$715K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FB Financial Corp
FBK
|
+$2.65M |
| 2 |
Wells Fargo
WFC
|
+$1.15M |
| 3 |
Seacoast Banking Corp of Florida
SBCF
|
+$940K |
| 4 |
Capital One
COF
|
+$754K |
| 5 |
Citigroup
C
|
+$598K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 93.02% |
| 2 | Miscellaneous | 4.83% |
| 3 | Energy | 1.27% |
| 4 | Technology | 0.45% |
| 5 | Communication Services | 0.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
WSFS Financial
WSFS
$4.13B
| $962K | 0.73% |
21,309
| – | – |
|
|
27
Capital One
COF
$125B
| $892K | 0.68% |
5,991
-5,571
| -48% | -$754K |
|
28
KeyCorp
KEY
$23.2B
| $875K | 0.67% |
55,348
+13,600
| +33% | +$196K |
|
|
PFC
29
DELISTED
Premier Financial Corp. Common Stock
PFC
| $860K | 0.66% |
42,373
| – | – |
|
30
Towne Bank
TOWN
$3.47B
| $857K | 0.65% |
30,533
| – | – |
|
31
Shore Bancshares
SHBI
$787M
| $829K | 0.63% |
72,057
| – | – |
|
|
32
Citigroup
C
$227B
| $802K | 0.61% |
12,685
-10,753
| -46% | -$598K |
|
|
33
Hanmi Financial
HAFC
$951M
| $756K | 0.58% |
+47,500
| New | +$774K |
|
34
Third Coast Bancshares
TCBX
$748M
| $754K | 0.58% |
37,675
+17,969
| +91% | +$348K |
|
35
CB Financial Services
CBFV
$187M
| $739K | 0.56% |
34,203
| – | – |
|
36
Hancock Whitney
HWC
$6.09B
| $727K | 0.56% |
15,796
-211
| -1% | -$9.37K |
|
37
BayFirst Financial Corp
BAFN
$232M
| $713K | 0.54% |
55,077
| – | – |
|
38
MainStreet Bancshares
MNSB
$181M
| $686K | 0.52% |
37,782
| – | – |
|
|
CVLY
39
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $674K | 0.51% |
29,602
| – | – |
|
|
HTB
40
HomeTrust Bancshares
HTB
$799M
| $632K | 0.48% |
23,114
| – | – |
|
41
Ameris Bancorp
ABCB
$5.68B
| $620K | 0.47% |
12,821
| – | – |
|
42
Antero Resources
AR
$11.9B
| $599K | 0.46% |
+20,650
| New | +$499K |
|
43
Apple
AAPL
$4.81T
| $586K | 0.45% |
3,418
| – | – |
|
44
Atlantic Union Bankshares
AUB
$5.72B
| $583K | 0.44% |
16,498
| – | – |
|
45
Amerant Bancorp
AMTB
$1.17B
| $582K | 0.44% |
24,988
+10,000
| +67% | +$226K |
|
46
Citizens Financial Group
CFG
$29.5B
| $573K | 0.44% |
15,801
| – | – |
|
47
Devon Energy
DVN
$56.1B
| $537K | 0.41% |
10,700
-1,000
| -9% | -$44.4K |
|
48
ExxonMobil
XOM
$696B
| $523K | 0.4% |
4,500
| – | – |
|
|
49
CALL
Wells Fargo
WFC
$269B
| $518K | 0.4% |
63,100
-361,800
| -85% | -$18.9M |
|
50
CF Bankshares
CFBK
$229M
| $511K | 0.39% |
25,575
| – | – |
|
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Salzhauer Michael's Q1 2024 Portfolio in Review
As of Q1 2024, Salzhauer Michael held 104 positions worth $131M, up 11% from $118M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Salzhauer Michael deployed $11.5M of net new capital in Q1 2024, opening 17 new positions and adding to 20 existing holdings. Its largest new stake was Hanmi Financial: 47,500 shares worth $756K.
By sector, the portfolio is most concentrated in Financials at 93% of assets, up from 93% a quarter earlier, followed by Miscellaneous and Energy.
On the sell side, the largest reduction was Wells Fargo, an estimated $1.15M trimmed.
- Salzhauer Michael's largest Q1 2024 buy was Hanmi Financial: 47,500 shares worth $756K.
- Salzhauer Michael added most to Bank of America in Q1 2024, an estimated $8.3M increase.
- Salzhauer Michael's biggest Q1 2024 reduction was Wells Fargo, cutting an estimated $1.15M.
- Salzhauer Michael fully exited FB Financial Corp in Q1 2024, selling an estimated $2.65M.
- Salzhauer Michael's ten largest holdings make up 59% of its $131M portfolio in Q1 2024.
- Salzhauer Michael opened 17 new positions and closed 11 in Q1 2024.
- Salzhauer Michael's portfolio value rose 11% quarter-over-quarter to $131M.
Based on Salzhauer Michael's 13F filing for Q1 2024, filed 26 Apr 2024.