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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
FHN icon
76
CALL
First Horizon
FHN
$12.2B
$32.5K 0.03%
+50,000
New +$670K
COF icon
77
CALL
Capital One
COF
$128B
$27.9K 0.03%
3,000
+800
+36% +$80.1K
SFE
78
DELISTED
Safeguard Scientifics, Inc.
SFE
$24.6K 0.03%
14,920
-4,749
-24% -$8.29K
OSG
79
CALL
Octave Specialty Group
OSG
$257M
$12.5K 0.01%
+25,000
New +$366K
TFC icon
80
CALL
Truist Financial
TFC
$63.9B
$10.4K 0.01%
6,200
– –
PAYOW
81
DELISTED
Payoneer Global Inc. Warrant
PAYOW
$5K 0.01%
10,000
– –
FHN icon
82
First Horizon
FHN
$12.2B
$4.88K 0.01%
+433
New +$5.8K
MET icon
83
CALL
MetLife
MET
$62.4B
$2.5K ﹤0.01%
10,000
– –
ZION icon
84
CALL
Zions Bancorporation
ZION
$10.1B
$1.36K ﹤0.01%
+9,500
New +$264K
RF icon
85
CALL
Regions Financial
RF
$26.4B
$660 ﹤0.01%
66,000
-6,000
-8% -$106K
AER icon
86
AerCap
AER
$23.4B
– –
-10,858
Closed -$611K
AMTB icon
87
Amerant Bancorp
AMTB
$1.16B
– –
-9,688
Closed -$211K
BYFC icon
88
Broadway Financial
BYFC
$93.1M
– –
-9,375
Closed -$78.8K
CERS icon
89
Cerus
CERS
$575M
– –
-309,404
Closed -$919K
CMA
90
CALL
DELISTED
Comerica
CMA
– –
-10,000
Closed -$55K
CMA
91
DELISTED
Comerica
CMA
– –
-3,473
Closed -$151K
COOP
92
DELISTED
Mr. Cooper
COOP
– –
-20,557
Closed -$842K
EFSC icon
93
Enterprise Financial Services Corp
EFSC
$2.4B
– –
-20,614
Closed -$919K
FBNC icon
94
First Bancorp
FBNC
$2.61B
– –
-68,994
Closed -$2.45M
FCCO icon
95
First Community Corp
FCCO
$327M
– –
-12,958
Closed -$259K
FGBI icon
96
First Guaranty Bancshares
FGBI
$155M
– –
-40,504
Closed -$635K
FPI
97
Farmland Partners
FPI
$415M
– –
-22,000
Closed -$235K
JPM icon
98
CALL
JPMorgan Chase
JPM
$916B
– –
-45,300
Closed -$642K
MAC icon
99
Macerich
MAC
$7.4B
– –
-16,720
Closed -$177K
MPB icon
100
Mid Penn Bancorp
MPB
$973M
– –
-14,437
Closed -$370K
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.