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Salzhauer Michael Portfolio holdings

AUM $292M
1-Year Est. Return 30%
This Fund
S&P 500
This Quarter Est. Return
-7.5%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$119M
AUM Growth
-$16.2M
Cap. Flow
-$9.16M
Cap. Flow %
-7.71%
Top 10 Hldgs %
36.25%
Holding
162
New
6
Increased
17
Reduced
34
Closed
13

Top Buys

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$10.3M
2
JPM icon
JPMorgan Chase
JPM
+$605K
3
AUB icon
Atlantic Union Bankshares
AUB
+$457K
4
KEY icon
KeyCorp
KEY
+$380K
5
MTB icon
M&T Bank
MTB
+$373K

Top Sells

Rank Stock Value
1
RAD
Rite Aid Corporation
RAD
+$12.2M
2
ISBC
Investors Bancorp, Inc.
ISBC
+$977K
3
SNV
Synovus
SNV
+$649K
4
WFC.WS
Wells Fargo & Company Ws
WFC.WS
+$475K
5
STL
Sterling Bancorp
STL
+$356K

Sector Composition

Rank Sector Weight
1 Financials 68.57%
2 Real Estate 3.19%
3 Healthcare 2.08%
4 Utilities 1.32%
5 Communication Services 1.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STI.WS.A
76
DELISTED
Suntrust Banks Inc
STI.WS.A
$335K 0.28%
51,974
– –
SWKS icon
77
CALL
Skyworks Solutions
SWKS
$9.21B
$334K 0.28%
15,100
+600
+4% +$40.7K
DFS
78
DELISTED
Discover Financial Services
DFS
$331K 0.28%
6,495
– –
RAD
79
DELISTED
Rite Aid Corporation
RAD
$322K 0.27%
1,978
-77,111
-97% -$12.2M
BPOP icon
80
Popular Inc
BPOP
$11B
$314K 0.26%
10,982
– –
BRKL
81
DELISTED
Brookline Bancorp
BRKL
$313K 0.26%
28,405
– –
TBNK
82
DELISTED
Territorial Bancorp Inc.
TBNK
$309K 0.26%
+11,838
New +$309K
HOPE icon
83
Hope Bancorp
HOPE
$1.8B
$304K 0.26%
19,981
– –
KRNY icon
84
Kearny Financial
KRNY
$604M
$300K 0.25%
24,276
-2,760
-10% -$33.1K
PNC.WS
85
DELISTED
PNC Financial Services Group Inc
PNC.WS
$300K 0.25%
14,760
– –
OSBC icon
86
Old Second Bancorp
OSBC
$1.29B
$287K 0.24%
40,000
– –
LM
87
DELISTED
Legg Mason, Inc.
LM
$284K 0.24%
8,177
– –
FGBI icon
88
First Guaranty Bancshares
FGBI
$155M
$276K 0.23%
23,740
– –
XL
89
DELISTED
XL Group Ltd.
XL
$276K 0.23%
7,500
-4,500
-38% -$160K
LEN icon
90
Lennar Class A
LEN
$20.4B
$271K 0.23%
5,880
– –
AWH
91
DELISTED
Allied World Assurance Co Hld Lt
AWH
$262K 0.22%
7,500
– –
LNC icon
92
Lincoln National
LNC
$7.92B
$259K 0.22%
6,600
– –
FCTY
93
DELISTED
1st Century Bancshares
FCTY
$255K 0.21%
23,202
– –
WSBF icon
94
Waterstone Financial
WSBF
$371M
$254K 0.21%
18,561
– –
MBVT
95
DELISTED
Merchants Bancshares Inc
MBVT
$246K 0.21%
8,260
-100
-1% -$2.9K
CROX icon
96
Crocs
CROX
$6.63B
$245K 0.21%
25,492
– –
WFC icon
97
Wells Fargo
WFC
$254B
$238K 0.2%
4,919
-100
-2% -$4.9K
ARGO
98
DELISTED
Argo Group International Holdings, Ltd.
ARGO
$235K 0.2%
5,176
– –
RDUS
99
DELISTED
Radius Health, Inc.
RDUS
$235K 0.2%
7,500
– –
BDX icon
100
Becton Dickinson
BDX
$46.4B
$228K 0.19%
1,538
– –
2 3
4
5 6

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BCM
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NIM
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FPM
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Salzhauer Michael's Q1 2016 Portfolio in Review

As of Q1 2016, Salzhauer Michael held 162 positions worth $119M, down 12% from $135M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Salzhauer Michael withdrew a net $9.16M in Q1 2016, closing 13 positions and reducing 34 holdings. Its most notable exit was First NBC Bank Holding Company, an estimated $206K position sold in full.

By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 57% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Salzhauer Michael opened a new position in Bank of America worth $10.3M.

  • Salzhauer Michael's largest Q1 2016 buy was Bank of America: 759,897 shares worth $10.3M.
  • Salzhauer Michael added most to JPMorgan Chase in Q1 2016, an estimated $605K increase.
  • Salzhauer Michael's biggest Q1 2016 reduction was Rite Aid Corporation, cutting an estimated $12.2M.
  • Salzhauer Michael fully exited First NBC Bank Holding Company in Q1 2016, selling an estimated $206K.
  • Salzhauer Michael's ten largest holdings make up 36% of its $119M portfolio in Q1 2016.
  • Salzhauer Michael opened 6 new positions and closed 13 in Q1 2016.
  • Salzhauer Michael's portfolio value fell 12% quarter-over-quarter to $119M.

Based on Salzhauer Michael's 13F filing for Q1 2016, filed 26 Apr 2016.