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SM
Salzhauer Michael Portfolio holdings
AUM
$249M
Turnover
11.7%
1-Year Est. Return
14.38%
This Fund
S&P 500
This Quarter Est. Return
+2.32%
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
$221M
AUM Growth
+$11.7M
(+5.6%)
Cap. Flow
+$3.55M
Cap. Flow % of AUM
Cap. Flow %
1.61%
Top 10 Holdings %
Top 10 Hldgs %
41.75%
Holding
172
New
9
Increased
23
Reduced
25
Closed
9
Avg Time Held
Equity + Options
2.2
years
Top 10 Avg Time Held
Equity + Options
2.1
years
Top 20 Avg Time Held
Equity + Options
2.3
years
Avg Time Held Equity only
2.2
years
Top 10 Avg Time Held Equity only
2.1
years
Top 20 Avg Time Held Equity only
2.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
COWN
Cowen Inc. Class A Common Stock
COWN
|
+$4.99M |
| 2 |
Bank of America
BAC
|
+$1.82M |
| 3 |
BNCL
Beneficial Bancorp, Inc.
BNCL
|
+$958K |
| 4 |
Pinnacle Financial Partners Inc
PNFP
|
+$724K |
| 5 |
Citizens Financial Group
CFG
|
+$420K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
M&T Bank Corporation
MTB.WS
|
+$2.31M |
| 2 |
Public Service Enterprise Group
PEG
|
+$800K |
| 3 |
BNCN
BNC Bancorp
BNCN
|
+$766K |
| 4 |
FNBC
First NBC Bank Holding Company
FNBC
|
+$486K |
| 5 |
Capital One Financial Corp
COF.WS
|
+$485K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 71.93% |
| 2 | Miscellaneous | 21.82% |
| 3 | Real Estate | 2.38% |
| 4 | Healthcare | 1.96% |
| 5 | Communication Services | 0.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Bank of America
BAC
$350B
| $35.5M | 16.07% |
1,462,860
+78,080
| +6% | +$1.82M |
2016 Q1
5 quarters
|
|
2
DELISTED
JPMorgan Chase
JPM.WS
| $8.51M | 3.85% |
169,293
+2,000
| +1% | +$90.2K |
2013 Q4
14 quarters
|
|
|
3
DELISTED
M&T Bank Corporation
MTB.WS
| $8.49M | 3.85% |
96,455
-27,351
| -22% | -$2.31M |
2013 Q4
14 quarters
|
|
4
Primis Financial Corp
FRST
$364M
| $8.13M | 3.68% |
461,754
+12,381
| +3% | +$215K |
2013 Q4
14 quarters
|
|
|
MBFI
5
DELISTED
MB Financial Corp
MBFI
| $6.83M | 3.09% |
155,186
| – | – |
2014 Q3
11 quarters
|
|
|
COWN
6
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $5.43M | 2.46% |
+334,357
| New | +$4.99M |
2017 Q2
0 quarters
|
|
7
DELISTED
Comerica Incorporated Ws
CMA.WS
| $5.08M | 2.3% |
115,358
| – | – |
2013 Q4
14 quarters
|
|
8
PNC Financial Services
PNC
$92.2B
| $5.05M | 2.29% |
40,472
| – | – |
2013 Q4
14 quarters
|
|
|
9
DELISTED
Capital One Financial Corp
COF.WS
| $4.95M | 2.24% |
119,210
-12,180
| -9% | -$485K |
2013 Q4
14 quarters
|
|
10
CNO Financial Group
CNO
$5.24B
| $4.25M | 1.92% |
203,416
-15,000
| -7% | -$310K |
2013 Q4
14 quarters
|
|
|
EBSB
11
DELISTED
Meridian Bancorp, Inc.
EBSB
| $3.57M | 1.61% |
211,046
| – | – |
2013 Q4
14 quarters
|
|
12
Peapack-Gladstone Financial
PGC
$827M
| $3.52M | 1.59% |
112,462
| – | – |
2016 Q2
4 quarters
|
|
|
STL
13
DELISTED
Sterling Bancorp
STL
| $3.34M | 1.51% |
143,558
| – | – |
2014 Q3
11 quarters
|
|
14
KeyCorp
KEY
$22.8B
| $3.32M | 1.5% |
177,092
| – | – |
2013 Q4
14 quarters
|
|
15
Seacoast Banking Corp of Florida
SBCF
$3.3B
| $3.16M | 1.43% |
131,218
| – | – |
2013 Q4
14 quarters
|
|
|
16
JPMorgan Chase
JPM
$910B
| $2.95M | 1.34% |
32,287
-245
| -0.8% | -$21.1K |
2014 Q4
10 quarters
|
|
17
Hancock Whitney
HWC
$5.89B
| $2.93M | 1.33% |
59,740
| – | – |
2013 Q4
14 quarters
|
|
18
Truist Financial
TFC
$60.8B
| $2.88M | 1.31% |
63,499
| – | – |
2013 Q4
14 quarters
|
|
19
SouthState Bank Corp
SSB
$10.3B
| $2.88M | 1.3% |
33,607
| – | – |
2014 Q3
11 quarters
|
|
|
20
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $2.88M | 1.3% |
239,032
+23,500
| +11% | +$260K |
2013 Q4
14 quarters
|
|
|
21
CALL
JPMorgan Chase
JPM
$910B
| $2.84M | 1.29% |
86,300
| – | – |
2014 Q4
10 quarters
|
|
22
Fifth Third Bancorp
FITB
$49.5B
| $2.61M | 1.18% |
100,604
| – | – |
2013 Q4
14 quarters
|
|
23
DELISTED
Hartford Financial Services Grp
HIG.WS
| $2.5M | 1.13% |
53,218
| – | – |
2013 Q4
14 quarters
|
|
|
IMH
24
DELISTED
Impac Mortgage Holdings Inc.
IMH
| $2.47M | 1.12% |
163,487
-438
| -0.3% | -$6.56K |
2015 Q3
7 quarters
|
|
25
Regions Financial
RF
$24.8B
| $2.46M | 1.11% |
167,888
| – | – |
2014 Q2
12 quarters
|
|
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Salzhauer Michael's Q2 2017 Portfolio in Review
As of Q2 2017, Salzhauer Michael held 172 positions worth $221M, up 5.6% from $209M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Salzhauer Michael's Q2 2017 filing shows 9 new, 23 increased, 25 reduced and 9 closed positions. Its largest new stake was Cowen Inc. Class A Common Stock: 334,357 shares worth $5.43M. The largest sale was M&T Bank Corporation, an estimated $2.31M.
By sector, the portfolio is most concentrated in Financials at 72% of assets, up from 71% a quarter earlier, followed by Miscellaneous and Real Estate.
- Salzhauer Michael's largest Q2 2017 buy was Cowen Inc. Class A Common Stock: 334,357 shares worth $5.43M.
- Salzhauer Michael added most to Bank of America in Q2 2017, an estimated $1.82M increase.
- Salzhauer Michael's biggest Q2 2017 reduction was M&T Bank Corporation, cutting an estimated $2.31M.
- Salzhauer Michael fully exited BNC Bancorp in Q2 2017, selling an estimated $766K.
- Salzhauer Michael's ten largest holdings make up 42% of its $221M portfolio in Q2 2017.
- Salzhauer Michael opened 9 new positions and closed 9 in Q2 2017.
- Salzhauer Michael's portfolio value rose 5.6% quarter-over-quarter to $221M.
Based on Salzhauer Michael's 13F filing for Q2 2017, filed 18 Jul 2017.