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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
-7.5%
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
$119M
AUM Growth
-$16.2M
(-12%)
Cap. Flow
-$2.55M
Cap. Flow % of AUM
Cap. Flow %
-2.15%
Top 10 Holdings %
Top 10 Hldgs %
36.25%
Holding
162
New
6
Increased
17
Reduced
34
Closed
13
Avg Time Held
Equity + Options
1.6
years
Top 10 Avg Time Held
Equity + Options
1.6
years
Top 20 Avg Time Held
Equity + Options
1.5
years
Avg Time Held Equity only
1.6
years
Top 10 Avg Time Held Equity only
1.6
years
Top 20 Avg Time Held Equity only
1.5
years
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 |
Synovus
SNV
|
+$649K |
| 4 |
Wells Fargo & Company Ws
WFC.WS
|
+$475K |
| 5 |
STL
Sterling Bancorp
STL
|
+$356K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 71.62% |
| 2 | Miscellaneous | 18.72% |
| 3 | Real Estate | 3.19% |
| 4 | Healthcare | 2.55% |
| 5 | Utilities | 1.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Bank of America
BAC
$352B
| $10.3M | 8.65% |
+759,897
| New | +$10.3M |
2016 Q1
0 quarters
|
|
|
MBFI
2
DELISTED
MB Financial Corp
MBFI
| $5.49M | 4.63% |
169,294
-7,734
| -4% | -$239K |
2014 Q3
6 quarters
|
|
3
Primis Financial Corp
FRST
$362M
| $5.23M | 4.4% |
438,394
+1,100
| +0.3% | +$14K |
2013 Q4
9 quarters
|
|
|
4
DELISTED
M&T Bank Corporation
MTB.WS
| $3.66M | 3.08% |
96,533
+1,142
| +1% | +$42.2K |
2013 Q4
9 quarters
|
|
5
CNO Financial Group
CNO
$5.25B
| $3.63M | 3.06% |
202,567
-1,000
| -0.5% | -$17.4K |
2013 Q4
9 quarters
|
|
6
PNC Financial Services
PNC
$92.3B
| $3.43M | 2.89% |
40,526
| – | – |
2013 Q4
9 quarters
|
|
7
DELISTED
Capital One Financial Corp
COF.WS
| $3.33M | 2.8% |
116,306
+800
| +0.7% | +$20.5K |
2013 Q4
9 quarters
|
|
|
EBSB
8
DELISTED
Meridian Bancorp, Inc.
EBSB
| $2.94M | 2.47% |
211,079
| – | – |
2013 Q4
9 quarters
|
|
|
9
DELISTED
JPMorgan Chase
JPM.WS
| $2.55M | 2.15% |
144,006
+5,600
| +4% | +$100K |
2013 Q4
9 quarters
|
|
10
Truist Financial
TFC
$59.9B
| $2.53M | 2.13% |
75,906
+3,237
| +4% | +$108K |
2013 Q4
9 quarters
|
|
|
STL
11
DELISTED
Sterling Bancorp
STL
| $2.29M | 1.93% |
143,664
-23,527
| -14% | -$356K |
2014 Q3
6 quarters
|
|
12
SouthState Bank Corp
SSB
$10.1B
| $2.17M | 1.83% |
33,836
| – | – |
2014 Q3
6 quarters
|
|
13
Seacoast Banking Corp of Florida
SBCF
$3.25B
| $2.16M | 1.82% |
136,790
-1,774
| -1% | -$26.3K |
2013 Q4
9 quarters
|
|
14
DELISTED
Hartford Financial Services Grp
HIG.WS
| $2M | 1.68% |
51,255
| – | – |
2013 Q4
9 quarters
|
|
|
15
JPMorgan Chase
JPM
$919B
| $1.91M | 1.61% |
32,296
+10,362
| +47% | +$605K |
2014 Q4
5 quarters
|
|
|
16
KeyCorp
KEY
$22.7B
| $1.9M | 1.6% |
171,760
+34,000
| +25% | +$380K |
2013 Q4
9 quarters
|
|
17
Cerus
CERS
$402M
| $1.76M | 1.49% |
297,644
-13,300
| -4% | -$73.7K |
2013 Q4
9 quarters
|
|
|
18
DELISTED
Synovus
SNV
| $1.71M | 1.44% |
59,235
-22,642
| -28% | -$649K |
2013 Q4
9 quarters
|
|
19
Fifth Third Bancorp
FITB
$49.2B
| $1.68M | 1.41% |
100,659
| – | – |
2013 Q4
9 quarters
|
|
|
20
Capital One
COF
$117B
| $1.58M | 1.33% |
22,810
| – | – |
2013 Q4
9 quarters
|
|
|
IMH
21
DELISTED
Impac Mortgage Holdings Inc.
IMH
| $1.54M | 1.3% |
111,172
| – | – |
2015 Q3
2 quarters
|
|
|
22
M&T Bank
MTB
$31.7B
| $1.52M | 1.28% |
13,736
+3,436
| +33% | +$373K |
2015 Q4
1 quarter
|
|
23
Arbor Realty Trust
ABR
$236M
| $1.49M | 1.26% |
220,253
| – | – |
2015 Q2
3 quarters
|
|
24
NBT Bancorp
NBTB
$2.74B
| $1.46M | 1.23% |
53,997
| – | – |
2013 Q4
9 quarters
|
|
|
AVNU
25
DELISTED
AVENUE FINL HLDGS INC COM STK (TN)
AVNU
| $1.45M | 1.22% |
75,000
| – | – |
2015 Q2
3 quarters
|
|
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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's Q1 2016 filing shows 6 new, 17 increased, 34 reduced and 13 closed positions. Its largest new stake was Bank of America: 759,897 shares worth $10.3M. The largest sale was Rite Aid Corporation, an estimated $12.2M.
By sector, the portfolio is most concentrated in Financials at 72% of assets, up from 59% a quarter earlier, followed by Miscellaneous and Real Estate.
- 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.