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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
-18.34%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$182M
AUM Growth
-$80.2M
(-31%)
Cap. Flow
-$27.1M
Cap. Flow
% of AUM
-14.93%
Top 10 Holdings %
Top 10 Hldgs %
48.95%
Holding
178
New
8
Increased
17
Reduced
72
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
M&T Bank
MTB
|
+$12.2M |
| 2 |
COWN
Cowen Inc. Class A Common Stock
COWN
|
+$7.94M |
| 3 |
JPMorgan Chase
JPM
|
+$7.48M |
| 4 |
CMA
Comerica
CMA
|
+$4.2M |
| 5 |
Capital One
COF
|
+$3.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$14.7M |
| 2 |
JPM.WS
JPMorgan Chase
JPM.WS
|
+$9.37M |
| 3 |
MTB.WS
M&T Bank Corporation
MTB.WS
|
+$8.94M |
| 4 |
CMA.WS
Comerica Incorporated Ws
CMA.WS
|
+$7.09M |
| 5 |
COF.WS
Capital One Financial Corp
COF.WS
|
+$6.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 90.59% |
| 2 | Miscellaneous | 6.11% |
| 3 | Healthcare | 1.41% |
| 4 | Communication Services | 0.45% |
| 5 | Real Estate | 0.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CB Financial Services
CBFV
$189M
| $725K | 0.4% |
29,273
| – | – |
|
|
STBZ
52
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $718K | 0.4% |
33,236
| – | – |
|
53
Popular Inc
BPOP
$10.5B
| $707K | 0.39% |
14,964
-3,899
| -21% | -$201K |
|
54
Barings BDC
BBDC
$915M
| $680K | 0.37% |
75,387
-2,000
| -3% | -$19.7K |
|
|
SVBI
55
DELISTED
Severn Bancorp Inc/MD
SVBI
| $676K | 0.37% |
84,700
-300
| -0.4% | -$2.57K |
|
56
Morgan Stanley
MS
$319B
| $665K | 0.37% |
16,779
-200
| -1% | -$8.73K |
|
57
Wells Fargo
WFC
$269B
| $664K | 0.37% |
14,406
+10,543
| +273% | +$540K |
|
58
Towne Bank
TOWN
$3.48B
| $648K | 0.36% |
27,065
-1,000
| -4% | -$27.5K |
|
|
SLCT
59
DELISTED
Select Bancorp, Inc.
SLCT
| $622K | 0.34% |
50,270
| – | – |
|
60
Allstate
ALL
$64.6B
| $606K | 0.33% |
7,338
-11
| -0.1% | -$988 |
|
61
MetLife
MET
$62.3B
| $600K | 0.33% |
14,611
-668
| -4% | -$28.7K |
|
|
STND
62
DELISTED
Standard AVB Financial Corp. Common Stock
STND
| $568K | 0.31% |
19,000
-1,000
| -5% | -$30.2K |
|
|
CZFC
63
DELISTED
Citizens First Corporation
CZFC
| $536K | 0.3% |
25,000
| – | – |
|
64
Center Bancorp
CNOB
$1.6B
| $533K | 0.29% |
28,847
-436
| -1% | -$8.93K |
|
65
SmartFinancial
SMBK
$891M
| $527K | 0.29% |
28,818
+15,000
| +109% | +$311K |
|
66
Newell Brands
NWL
$2.41B
| $519K | 0.29% |
27,943
-10,000
| -26% | -$199K |
|
|
MRCC
67
DELISTED
Monroe Capital Corp
MRCC
| $503K | 0.28% |
52,438
| – | – |
|
68
AT&T
T
$184B
| $491K | 0.27% |
22,773
| – | – |
|
|
HONE
69
DELISTED
HarborOne Bancorp
HONE
| $470K | 0.26% |
53,141
-2,333
| -4% | -$22.9K |
|
|
AIG.WS
70
DELISTED
American International Group, Inc.
AIG.WS
| $465K | 0.26% |
85,454
+11,221
| +15% | +$96.4K |
|
71
MidCap Financial Investment
MFIC
$745M
| $463K | 0.25% |
37,332
-1
| -0% | -$15 |
|
72
Mid Penn Bancorp
MPB
$942M
| $447K | 0.25% |
19,437
-400
| -2% | -$10.3K |
|
73
Public Service Enterprise Group
PEG
$35.2B
| $442K | 0.24% |
8,500
| – | – |
|
74
Lincoln National
LNC
$8.35B
| $432K | 0.24% |
8,417
-270
| -3% | -$16.4K |
|
75
CALL
Citigroup
C
$227B
| $426K | 0.23% |
71,700
| – | – |
|
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Salzhauer Michael's Q4 2018 Portfolio in Review
As of Q4 2018, Salzhauer Michael held 178 positions worth $182M, down 31% from $262M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Salzhauer Michael withdrew a net $27.1M in Q4 2018, closing 28 positions and reducing 72 holdings. Its most notable exit was JPMorgan Chase, an estimated $9.37M position sold in full.
By sector, the portfolio is most concentrated in Financials at 91% of assets, up from 73% a quarter earlier, followed by Miscellaneous and Healthcare.
Against the trend, Salzhauer Michael opened a new position in Cowen Inc. Class A Common Stock worth $6.96M.
- Salzhauer Michael's largest Q4 2018 buy was Cowen Inc. Class A Common Stock: 521,610 shares worth $6.96M.
- Salzhauer Michael added most to M&T Bank in Q4 2018, an estimated $12.2M increase.
- Salzhauer Michael's biggest Q4 2018 reduction was Bank of America, cutting an estimated $14.7M.
- Salzhauer Michael fully exited JPMorgan Chase in Q4 2018, selling an estimated $9.37M.
- Salzhauer Michael's ten largest holdings make up 49% of its $182M portfolio in Q4 2018.
- Salzhauer Michael opened 8 new positions and closed 28 in Q4 2018.
- Salzhauer Michael's portfolio value fell 31% quarter-over-quarter to $182M.
Based on Salzhauer Michael's 13F filing for Q4 2018, filed 13 Feb 2019.