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Salzhauer Michael Portfolio holdings

AUM $292M
1-Year Est. Return 30%
This Fund
S&P 500
This Quarter Est. Return
-38.27%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$58.8M
AUM Growth
-$160M
Cap. Flow
-$61.3M
Cap. Flow %
-104.31%
Top 10 Hldgs %
41.56%
Holding
141
New
5
Increased
17
Reduced
49
Closed
34

Top Buys

Rank Stock Value
1
CCAP icon
Crescent Capital BDC
CCAP
+$762K
2
FRST icon
Primis Financial Corp
FRST
+$362K
3
AUB icon
Atlantic Union Bankshares
AUB
+$349K
4
WSFS icon
WSFS Financial
WSFS
+$238K
5
CBFV icon
CB Financial Services
CBFV
+$135K

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$13.6M
2
BAC icon
Bank of America
BAC
+$9.89M
3
MTB icon
M&T Bank
MTB
+$8.05M
4
COF icon
Capital One
COF
+$5.8M
5
HWC icon
Hancock Whitney
HWC
+$4.61M

Sector Composition

Rank Sector Weight
1 Financials 79.22%
2 Healthcare 3.54%
3 Communication Services 0.52%
4 Real Estate 0.31%
5 Consumer Discretionary 0.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HWC icon
126
Hancock Whitney
HWC
$6.19B
– –
-104,993
Closed -$4.61M
IAT icon
127
iShares US Regional Banks ETF
IAT
$673M
– –
-4,017
Closed -$205K
IP icon
128
CALL
International Paper
IP
$22.6B
– –
-8,554
Closed -$19K
IP icon
129
International Paper
IP
$22.6B
– –
-2,113
Closed -$92K
LNC icon
130
Lincoln National
LNC
$7.92B
– –
-8,417
Closed -$497K
MET icon
131
CALL
MetLife
MET
$62.4B
– –
-19,600
Closed -$34K
MET icon
132
MetLife
MET
$62.4B
– –
-14,611
Closed -$745K
NWL icon
133
Newell Brands
NWL
$2.21B
– –
-67,343
Closed -$1.29M
OPCH icon
134
Option Care Health
OPCH
$3.58B
– –
-7,778
Closed -$116K
PEG icon
135
Public Service Enterprise Group
PEG
$38.7B
– –
-5,200
Closed -$307K
PPBI
136
DELISTED
Pacific Premier Bancorp
PPBI
– –
-8,540
Closed -$278K
UPS icon
137
United Parcel Service
UPS
$88.9B
– –
-1,924
Closed -$225K
ARGO
138
DELISTED
Argo Group International Holdings, Ltd.
ARGO
– –
-3,273
Closed -$215K
FCBP
139
DELISTED
First Choice Bancorp Common Stock
FCBP
– –
-9,880
Closed -$266K
ABDC
140
DELISTED
Alcentra Capital Corp
ABDC
– –
-132,374
Closed -$1.2M
CADE
141
DELISTED
Cadence Bancorporation
CADE
– –
-29,160
Closed -$529K
2 3 4 5
6

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Salzhauer Michael's Q1 2020 Portfolio in Review

As of Q1 2020, Salzhauer Michael held 141 positions worth $58.8M, down 73% from $219M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Salzhauer Michael withdrew a net $61.3M in Q1 2020, closing 34 positions and reducing 49 holdings. Its most notable exit was Hancock Whitney, an estimated $4.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 79% of assets, down from 81% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Salzhauer Michael opened a new position in Crescent Capital BDC worth $532K.

  • Salzhauer Michael's largest Q1 2020 buy was Crescent Capital BDC: 55,149 shares worth $532K.
  • Salzhauer Michael added most to Primis Financial Corp in Q1 2020, an estimated $362K increase.
  • Salzhauer Michael's biggest Q1 2020 reduction was JPMorgan Chase, cutting an estimated $13.6M.
  • Salzhauer Michael fully exited Hancock Whitney in Q1 2020, selling an estimated $4.61M.
  • Salzhauer Michael's ten largest holdings make up 42% of its $58.8M portfolio in Q1 2020.
  • Salzhauer Michael opened 5 new positions and closed 34 in Q1 2020.
  • Salzhauer Michael's portfolio value fell 73% quarter-over-quarter to $58.8M.

Based on Salzhauer Michael's 13F filing for Q1 2020, filed 5 May 2020.