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Salzhauer Michael Portfolio holdings
AUM
$249M
Turnover
11.7%
1-Year Est. Return
14.38%
This Fund
S&P 500
This Quarter Est. Return
-1.06%
1 Year Est. Return
+14.38%
3 Year Est. Return
+97.99%
5 Year Est. Return
+41.21%
10 Year Est. Return
+222.02%
AUM
$107M
AUM Growth
+$1.76M
(+1.7%)
Cap. Flow
+$3.87M
Cap. Flow % of AUM
Cap. Flow %
3.62%
Top 10 Holdings %
Top 10 Hldgs %
45.24%
Holding
145
New
14
Increased
21
Reduced
14
Closed
19
Avg Time Held
Equity + Options
0.4
years
Top 10 Avg Time Held
Equity + Options
0.4
years
Top 20 Avg Time Held
Equity + Options
0.4
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$3.24M |
| 2 |
Regions Financial
RF
|
+$707K |
| 3 |
UBNK
United Financial Bancorp, Inc.
UBNK
|
+$658K |
| 4 |
RAD
Rite Aid Corporation
RAD
|
+$601K |
| 5 |
Fifth Third Bancorp
FITB
|
+$318K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
QEP
QEP RESOURCES, INC.
QEP
|
+$863K |
| 2 |
UBNK
UNITIED FINANCIAL BANCORP INC
UBNK
|
+$668K |
| 3 |
Synovus
SNV
|
+$344K |
| 4 |
TSH
TECHE HOLDING CO
TSH
|
+$287K |
| 5 |
KeyCorp
KEY
|
+$276K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 58.01% |
| 2 | Miscellaneous | 35.47% |
| 3 | Healthcare | 2.02% |
| 4 | Utilities | 1.52% |
| 5 | Communication Services | 0.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
TAYC
1
DELISTED
TAYLOR CAPITAL GROUP INC
TAYC
| $11.1M | 10.36% |
517,888
| – | – |
2013 Q4
2 quarters
|
|
|
2
Bank of America
BAC
$349B
| $10.6M | 9.93% |
690,125
+208,791
| +43% | +$3.24M |
2013 Q4
2 quarters
|
|
3
CNO Financial Group
CNO
$5.25B
| $5.24M | 4.9% |
294,171
| – | – |
2013 Q4
2 quarters
|
|
4
PNC Financial Services
PNC
$91.8B
| $4.13M | 3.86% |
46,366
| – | – |
2013 Q4
2 quarters
|
|
5
DELISTED
Capital One Financial Corp
COF.WS
| $4.13M | 3.86% |
102,256
| – | – |
2013 Q4
2 quarters
|
|
6
DELISTED
M&T Bank Corporation
MTB.WS
| $3.83M | 3.58% |
76,254
| – | – |
2013 Q4
2 quarters
|
|
7
DELISTED
JPMorgan Chase
JPM.WS
| $2.55M | 2.39% |
132,139
+4,650
| +4% | +$87.9K |
2013 Q4
2 quarters
|
|
8
Truist Financial
TFC
$59.8B
| $2.47M | 2.31% |
62,579
-77
| -0.1% | -$2.95K |
2013 Q4
2 quarters
|
|
|
9
Fifth Third Bancorp
FITB
$48.7B
| $2.21M | 2.07% |
103,386
+15,000
| +17% | +$318K |
2013 Q4
2 quarters
|
|
10
Primis Financial Corp
FRST
$363M
| $2.11M | 1.98% |
189,055
| – | – |
2013 Q4
2 quarters
|
|
|
11
KeyCorp
KEY
$22.5B
| $2.05M | 1.92% |
142,960
-20,000
| -12% | -$276K |
2013 Q4
2 quarters
|
|
12
DELISTED
Comerica Incorporated Ws
CMA.WS
| $2.01M | 1.89% |
95,642
| – | – |
2013 Q4
2 quarters
|
|
|
13
Capital One
COF
$116B
| $1.9M | 1.78% |
23,310
| – | – |
2013 Q4
2 quarters
|
|
14
Northwest Bancshares
NWBI
$2.22B
| $1.74M | 1.62% |
127,817
+600
| +0.5% | +$8.23K |
2013 Q4
2 quarters
|
|
|
ISBC
15
DELISTED
Investors Bancorp, Inc.
ISBC
| $1.72M | 1.61% |
155,217
+57
| +0% | +$608 |
2013 Q4
2 quarters
|
|
|
16
DELISTED
Synovus
SNV
| $1.64M | 1.54% |
67,451
-14,738
| -18% | -$344K |
2013 Q4
2 quarters
|
|
17
Seacoast Banking Corp of Florida
SBCF
$3.24B
| $1.49M | 1.4% |
137,526
| – | – |
2013 Q4
2 quarters
|
|
|
RAD
18
DELISTED
Rite Aid Corporation
RAD
| $1.44M | 1.35% |
10,020
+4,070
| +68% | +$601K |
2013 Q4
2 quarters
|
|
19
DELISTED
Hartford Financial Services Grp
HIG.WS
| $1.42M | 1.33% |
52,155
+2,200
| +4% | +$58.5K |
2013 Q4
2 quarters
|
|
20
Public Service Enterprise Group
PEG
$37.3B
| $1.35M | 1.26% |
33,000
-1,300
| -4% | -$50.5K |
2013 Q4
2 quarters
|
|
21
NBT Bancorp
NBTB
$2.73B
| $1.3M | 1.21% |
53,997
| – | – |
2013 Q4
2 quarters
|
|
|
22
CALL
Bank of America
BAC
$349B
| $1.29M | 1.21% |
257,400
+32,000
| +14% | +$497K |
2013 Q4
2 quarters
|
|
|
23
JPMorgan Chase
JPM
$910B
| $1.19M | 1.11% |
20,634
| – | – |
2013 Q4
2 quarters
|
|
24
Hancock Whitney
HWC
$5.17B
| $1.12M | 1.05% |
31,683
| – | – |
2013 Q4
2 quarters
|
|
25
Citigroup
C
$205B
| $1.1M | 1.03% |
23,375
| – | – |
2013 Q4
2 quarters
|
|
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Salzhauer Michael's Q2 2014 Portfolio in Review
As of Q2 2014, Salzhauer Michael held 145 positions worth $107M, up 1.7% from $105M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Salzhauer Michael deployed $3.87M of net new capital in Q2 2014, opening 14 new positions and adding to 21 existing holdings. Its largest new stake was Regions Financial: 67,800 shares worth $720K.
By sector, the portfolio is most concentrated in Financials at 58% of assets, up from 55% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was Synovus, an estimated $344K trimmed.
- Salzhauer Michael's largest Q2 2014 buy was Regions Financial: 67,800 shares worth $720K.
- Salzhauer Michael added most to Bank of America in Q2 2014, an estimated $3.24M increase.
- Salzhauer Michael's biggest Q2 2014 reduction was Synovus, cutting an estimated $344K.
- Salzhauer Michael fully exited QEP RESOURCES, INC. in Q2 2014, selling an estimated $863K.
- Salzhauer Michael's ten largest holdings make up 45% of its $107M portfolio in Q2 2014.
- Salzhauer Michael opened 14 new positions and closed 19 in Q2 2014.
- Salzhauer Michael's portfolio value rose 1.7% quarter-over-quarter to $107M.
Based on Salzhauer Michael's 13F filing for Q2 2014, filed 28 Jul 2014.