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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
+1.02%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$192M
AUM Growth
-$26.2M
(-12%)
Cap. Flow
+$13.6M
Cap. Flow
% of AUM
7.07%
Top 10 Holdings %
Top 10 Hldgs %
44.02%
Holding
145
New
5
Increased
12
Reduced
17
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hancock Whitney
HWC
|
+$1.54M |
| 2 |
Primis Financial Corp
FRST
|
+$986K |
| 3 |
TBNK
Territorial Bancorp Inc.
TBNK
|
+$812K |
| 4 |
German American Bancorp
GABC
|
+$409K |
| 5 |
SLCT
Select Bancorp, Inc.
SLCT
|
+$334K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$29M |
| 2 |
MSL
Midsouth Bancorp, Inc.
MSL
|
+$1.63M |
| 3 |
JPMorgan Chase
JPM
|
+$1.13M |
| 4 |
Goldman Sachs BDC
GSBD
|
+$886K |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$861K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 82.34% |
| 2 | Healthcare | 1.31% |
| 3 | Consumer Staples | 0.66% |
| 4 | Communication Services | 0.51% |
| 5 | Real Estate | 0.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
JPMorgan Chase
JPM
$916B
| $14.1M | 7.33% |
119,514
-10,000
| -8% | -$1.13M |
|
|
2
Bank of America
BAC
$429B
| $11.9M | 6.21% |
408,343
-1,010,042
| -71% | -$29M |
|
3
M&T Bank
MTB
$36.3B
| $9.08M | 4.73% |
57,487
| – | – |
|
|
4
CALL
Bank of America
BAC
$429B
| $8.96M | 4.67% |
1,423,800
+1,183,400
| +492% | +$34M |
|
|
5
Primis Financial Corp
FRST
$399M
| $8.75M | 4.56% |
568,797
+64,980
| +13% | +$986K |
|
|
COWN
6
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $8.68M | 4.52% |
563,875
-6,185
| -1% | -$100K |
|
7
Capital One
COF
$128B
| $6.69M | 3.49% |
73,587
-1,000
| -1% | -$89.9K |
|
8
PNC Financial Services
PNC
$99.1B
| $6.1M | 3.18% |
43,496
| – | – |
|
|
FITB
9
Fifth Third Bancorp
FITB
$51.3B
| $5.37M | 2.8% |
196,080
-31,400
| -14% | -$861K |
|
|
CMA
10
DELISTED
Comerica
CMA
| $4.88M | 2.54% |
73,915
| – | – |
|
|
FSB
11
DELISTED
Franklin Financial Network, Inc.
FSB
| $4.43M | 2.31% |
146,543
| – | – |
|
|
12
Hancock Whitney
HWC
$6.19B
| $4.07M | 2.12% |
106,193
+40,497
| +62% | +$1.54M |
|
13
Peapack-Gladstone Financial
PGC
$815M
| $4M | 2.08% |
142,615
| – | – |
|
|
EBSB
14
DELISTED
Meridian Bancorp, Inc.
EBSB
| $3.92M | 2.04% |
209,320
| – | – |
|
|
SNV
15
DELISTED
Synovus
SNV
| $3.57M | 1.86% |
99,758
+9,300
| +10% | +$334K |
|
16
Seacoast Banking Corp of Florida
SBCF
$3.3B
| $3.22M | 1.68% |
127,296
| – | – |
|
17
Truist Financial
TFC
$63.9B
| $3.11M | 1.62% |
58,277
| – | – |
|
18
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $3.04M | 1.58% |
53,548
| – | – |
|
|
STI
19
DELISTED
SunTrust Banks, Inc.
STI
| $3.02M | 1.57% |
43,908
| – | – |
|
20
Hartford Financial Services
HIG
$39.9B
| $2.94M | 1.53% |
48,533
| – | – |
|
|
STL
21
DELISTED
Sterling Bancorp
STL
| $2.85M | 1.49% |
142,305
| – | – |
|
22
CNO Financial Group
CNO
$4.94B
| $2.73M | 1.42% |
172,204
-3,000
| -2% | -$47.4K |
|
23
SouthState Bank Corp
SSB
$10.3B
| $2.49M | 1.3% |
33,034
| – | – |
|
24
Regions Financial
RF
$26.4B
| $2.46M | 1.28% |
155,732
-2,000
| -1% | -$30.2K |
|
|
DCOM
25
DELISTED
Dime Community Bancshares
DCOM
| $2.4M | 1.25% |
111,863
| – | – |
|
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Salzhauer Michael's Q3 2019 Portfolio in Review
As of Q3 2019, Salzhauer Michael held 145 positions worth $192M, down 12% from $218M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Salzhauer Michael deployed $13.6M of net new capital in Q3 2019, opening 5 new positions and adding to 12 existing holdings. Its largest new stake was Territorial Bancorp Inc.: 28,433 shares worth $813K.
By sector, the portfolio is most concentrated in Financials at 82% of assets, down from 88% a quarter earlier, followed by Healthcare and Consumer Staples.
On the sell side, the largest reduction was Bank of America, an estimated $29M trimmed.
- Salzhauer Michael's largest Q3 2019 buy was Territorial Bancorp Inc.: 28,433 shares worth $813K.
- Salzhauer Michael added most to Hancock Whitney in Q3 2019, an estimated $1.54M increase.
- Salzhauer Michael's biggest Q3 2019 reduction was Bank of America, cutting an estimated $29M.
- Salzhauer Michael fully exited Midsouth Bancorp, Inc. in Q3 2019, selling an estimated $1.63M.
- Salzhauer Michael's ten largest holdings make up 44% of its $192M portfolio in Q3 2019.
- Salzhauer Michael opened 5 new positions and closed 11 in Q3 2019.
- Salzhauer Michael's portfolio value fell 12% quarter-over-quarter to $192M.
Based on Salzhauer Michael's 13F filing for Q3 2019, filed 6 Nov 2019.