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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
(-12%)
Cap. Flow
-$9.16M
Cap. Flow
% of AUM
-7.71%
Top 10 Holdings %
Top 10 Hldgs %
36.25%
Holding
162
New
6
Increased
17
Reduced
34
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$10.3M |
| 2 |
JPMorgan Chase
JPM
|
+$605K |
| 3 |
Atlantic Union Bankshares
AUB
|
+$457K |
| 4 |
KeyCorp
KEY
|
+$380K |
| 5 |
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 | |
|---|---|---|---|---|---|---|
151
Chubb
CB
$140B
| – | – |
-996
| Closed | -$116K |
|
152
CALL
Clorox
CLX
$12B
| – | – |
-8,600
| Closed | -$200K |
|
153
CALL
Capital One
COF
$128B
| – | – |
-5,000
| Closed | -$8K |
|
154
CALL
PNC Financial Services
PNC
$99.1B
| – | – |
-9,000
| Closed | -$136K |
|
155
CALL
Ross Stores
ROST
$80.8B
| – | – |
-10,000
| Closed | -$101K |
|
156
CALL
Travelers Companies
TRV
$81.1B
| – | – |
-11,600
| Closed | -$280K |
|
|
157
Travelers Companies
TRV
$81.1B
| – | – |
-1,200
| Closed | -$135K |
|
158
CALL
United Parcel Service
UPS
$88.9B
| – | – |
-4,000
| Closed | -$11K |
|
|
FNBC
159
DELISTED
First NBC Bank Holding Company
FNBC
| – | – |
-5,516
| Closed | -$206K |
|
|
EMC
160
CALL
DELISTED
EMC CORPORATION
EMC
| – | – |
-23,300
| Closed | -$43K |
|
|
NBBC
161
DELISTED
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
| – | – |
-15,000
| Closed | -$183K |
|
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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.