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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
+11.44%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$163M
AUM Growth
+$34.7M
(+27%)
Cap. Flow
+$32.2M
Cap. Flow
% of AUM
19.7%
Top 10 Holdings %
Top 10 Hldgs %
59.81%
Holding
99
New
11
Increased
16
Reduced
17
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$17.6M |
| 2 |
CMA
Comerica
CMA
|
+$1.23M |
| 3 |
Citigroup
C
|
+$1.16M |
| 4 |
Orrstown Financial Services
ORRF
|
+$858K |
| 5 |
HTB
HomeTrust Bancshares
HTB
|
+$525K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Alliance Bancorporation
WAL
|
+$998K |
| 2 |
Seacoast Banking Corp of Florida
SBCF
|
+$991K |
| 3 |
PFC
Premier Financial Corp. Common Stock
PFC
|
+$867K |
| 4 |
CVLY
Codorus Valley Bancorp Inc
CVLY
|
+$712K |
| 5 |
Pinnacle Financial Partners Inc
PNFP
|
+$313K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.36% |
| 2 | Energy | 0.81% |
| 3 | Technology | 0.49% |
| 4 | Healthcare | 0.32% |
| 5 | Communication Services | 0.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HTB
26
HomeTrust Bancshares
HTB
$866M
| $1.4M | 0.85% |
40,950
+15,576
| +61% | +$525K |
|
27
Hanmi Financial
HAFC
$935M
| $1.37M | 0.84% |
73,609
+26,109
| +55% | +$489K |
|
|
28
CALL
Western Alliance Bancorporation
WAL
$8.81B
| $1.2M | 0.73% |
50,000
| – | – |
|
29
Provident Financial Services
PFS
$3.14B
| $1.11M | 0.68% |
59,843
| – | – |
|
30
WSFS Financial
WSFS
$4.14B
| $1.09M | 0.67% |
21,309
| – | – |
|
31
Towne Bank
TOWN
$3.54B
| $1.01M | 0.62% |
30,533
| – | – |
|
32
Third Coast Bancshares
TCBX
$738M
| $1.01M | 0.62% |
37,675
| – | – |
|
33
Shore Bancshares
SHBI
$820M
| $1.01M | 0.62% |
72,057
| – | – |
|
34
CB Financial Services
CBFV
$192M
| $956K | 0.59% |
34,203
| – | – |
|
|
35
Orrstown Financial Services
ORRF
$850M
| $931K | 0.57% |
+25,900
| New | +$858K |
|
36
KeyCorp
KEY
$23.8B
| $927K | 0.57% |
55,348
| – | – |
|
37
Hancock Whitney
HWC
$6.19B
| $911K | 0.56% |
17,796
-3,041
| -15% | -$155K |
|
|
VBTX
38
DELISTED
Veritex Holdings
VBTX
| $879K | 0.54% |
33,398
+11,250
| +51% | +$267K |
|
|
39
CALL
Bank of America
BAC
$429B
| $862K | 0.53% |
323,000
+272,600
| +541% | +$10.9M |
|
40
Atlantic Union Bankshares
AUB
$6.05B
| $856K | 0.52% |
22,713
| – | – |
|
41
Apple
AAPL
$4.97T
| $796K | 0.49% |
3,418
| – | – |
|
42
Ameris Bancorp
ABCB
$5.89B
| $772K | 0.47% |
12,376
-445
| -3% | -$26K |
|
43
Amerant Bancorp
AMTB
$1.16B
| $748K | 0.46% |
34,988
+10,000
| +40% | +$220K |
|
44
BayFirst Financial Corp
BAFN
$33.1M
| $724K | 0.44% |
55,077
| – | – |
|
45
MainStreet Bancshares
MNSB
$167M
| $697K | 0.43% |
37,782
| – | – |
|
46
Summit State Bank
SSBI
$88.8M
| $663K | 0.41% |
78,452
+20,000
| +34% | +$180K |
|
47
Citizens Financial Group
CFG
$30.1B
| $649K | 0.4% |
15,801
| – | – |
|
48
South Plains Financial
SPFI
$850M
| $635K | 0.39% |
18,708
| – | – |
|
49
First Horizon
FHN
$12.2B
| $600K | 0.37% |
38,618
+6,424
| +20% | +$102K |
|
|
CMA
50
CALL
DELISTED
Comerica
CMA
| $593K | 0.36% |
75,000
-75,000
| -50% | -$4.14M |
|
Similar funds
CW
BCM
NC
PPC
NIM
FI
FPM
CWA
Salzhauer Michael's Q3 2024 Portfolio in Review
As of Q3 2024, Salzhauer Michael held 99 positions worth $163M, up 27% from $129M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Salzhauer Michael deployed $32.2M of net new capital in Q3 2024, opening 11 new positions and adding to 16 existing holdings. Its largest new stake was Orrstown Financial Services: 25,900 shares worth $931K.
By sector, the portfolio is most concentrated in Financials at 94% of assets, down from 94% a quarter earlier, followed by Energy and Technology.
On the sell side, the largest reduction was Western Alliance Bancorporation, an estimated $998K trimmed.
- Salzhauer Michael's largest Q3 2024 buy was Orrstown Financial Services: 25,900 shares worth $931K.
- Salzhauer Michael added most to Bank of America in Q3 2024, an estimated $17.6M increase.
- Salzhauer Michael's biggest Q3 2024 reduction was Western Alliance Bancorporation, cutting an estimated $998K.
- Salzhauer Michael fully exited Premier Financial Corp. Common Stock in Q3 2024, selling an estimated $867K.
- Salzhauer Michael's ten largest holdings make up 60% of its $163M portfolio in Q3 2024.
- Salzhauer Michael opened 11 new positions and closed 6 in Q3 2024.
- Salzhauer Michael's portfolio value rose 27% quarter-over-quarter to $163M.
Based on Salzhauer Michael's 13F filing for Q3 2024, filed 7 Nov 2024.