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Salzhauer Michael Portfolio holdings

AUM $292M
1-Year Est. Return 30%
This Fund
S&P 500
This Quarter Est. Return
-38.27%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$58.8M
AUM Growth
-$160M
Cap. Flow
-$61.3M
Cap. Flow %
-104.31%
Top 10 Hldgs %
41.56%
Holding
141
New
5
Increased
17
Reduced
49
Closed
34

Top Buys

Rank Stock Value
1
CCAP icon
Crescent Capital BDC
CCAP
+$762K
2
FRST icon
Primis Financial Corp
FRST
+$362K
3
AUB icon
Atlantic Union Bankshares
AUB
+$349K
4
WSFS icon
WSFS Financial
WSFS
+$238K
5
CBFV icon
CB Financial Services
CBFV
+$135K

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$13.6M
2
BAC icon
Bank of America
BAC
+$9.89M
3
MTB icon
M&T Bank
MTB
+$8.05M
4
COF icon
Capital One
COF
+$5.8M
5
HWC icon
Hancock Whitney
HWC
+$4.61M

Sector Composition

Rank Sector Weight
1 Financials 79.22%
2 Healthcare 3.54%
3 Communication Services 0.52%
4 Real Estate 0.31%
5 Consumer Discretionary 0.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRST icon
1
Primis Financial Corp
FRST
$399M
$5.89M 10.02%
598,856
+25,858
+5% +$362K
COWN
2
DELISTED
Cowen Inc. Class A Common Stock
COWN
$3.81M 6.47%
399,396
-216,852
-35% -$3.1M
FSB
3
DELISTED
Franklin Financial Network, Inc.
FSB
$2.28M 3.88%
111,768
-34,775
-24% -$1.11M
PGC icon
4
Peapack-Gladstone Financial
PGC
$815M
$2.03M 3.45%
112,893
-29,722
-21% -$787K
EBSB
5
DELISTED
Meridian Bancorp, Inc.
EBSB
$2.02M 3.44%
180,122
-29,198
-14% -$484K
PNC icon
6
PNC Financial Services
PNC
$99.1B
$1.89M 3.21%
19,733
-23,665
-55% -$3.18M
FCCY
7
DELISTED
1st Constitution Bancorp
FCCY
$1.67M 2.84%
125,887
– –
CERS icon
8
Cerus
CERS
$575M
$1.66M 2.83%
357,549
+1,000
+0.3% +$4.53K
SNV
9
DELISTED
Synovus
SNV
$1.62M 2.75%
92,105
-15,853
-15% -$488K
PNFP icon
10
Pinnacle Financial Partners Inc
PNFP
$15.8B
$1.57M 2.67%
41,755
-11,793
-22% -$639K
BAC icon
11
Bank of America
BAC
$429B
$1.44M 2.45%
67,755
-329,977
-83% -$9.89M
SSB icon
12
SouthState Bank Corp
SSB
$10.3B
$1.42M 2.42%
24,196
-8,838
-27% -$653K
SBCF icon
13
Seacoast Banking Corp of Florida
SBCF
$3.3B
$1.31M 2.23%
71,630
-55,666
-44% -$1.41M
AUB icon
14
Atlantic Union Bankshares
AUB
$6.05B
$1.27M 2.17%
58,136
+11,254
+24% +$349K
BAC icon
15
CALL
Bank of America
BAC
$429B
$1.24M 2.11%
600,000
-565,100
-49% -$16.9M
TFC icon
16
Truist Financial
TFC
$63.9B
$1.12M 1.9%
35,288
-77,275
-69% -$3.65M
JPM icon
17
CALL
JPMorgan Chase
JPM
$916B
$1.02M 1.73%
122,600
+72,200
+143% +$8.77M
FGBI icon
18
First Guaranty Bancshares
FGBI
$155M
$968K 1.65%
73,828
– –
STL
19
DELISTED
Sterling Bancorp
STL
$950K 1.62%
90,927
-51,478
-36% -$888K
DCOM
20
DELISTED
Dime Community Bancshares
DCOM
$924K 1.57%
67,427
-49,436
-42% -$877K
FITB
21
Fifth Third Bancorp
FITB
$51.3B
$910K 1.55%
61,292
-133,672
-69% -$3.33M
MNSB icon
22
MainStreet Bancshares
MNSB
$167M
$875K 1.49%
52,185
– –
SLCT
23
DELISTED
Select Bancorp, Inc.
SLCT
$841K 1.43%
110,270
– –
SMBK icon
24
SmartFinancial
SMBK
$906M
$816K 1.39%
53,671
– –
JPM icon
25
JPMorgan Chase
JPM
$916B
$699K 1.19%
7,760
-111,754
-94% -$13.6M
1
2 3 4 5

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Salzhauer Michael's Q1 2020 Portfolio in Review

As of Q1 2020, Salzhauer Michael held 141 positions worth $58.8M, down 73% from $219M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Salzhauer Michael withdrew a net $61.3M in Q1 2020, closing 34 positions and reducing 49 holdings. Its most notable exit was Hancock Whitney, an estimated $4.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 79% of assets, down from 81% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Salzhauer Michael opened a new position in Crescent Capital BDC worth $532K.

  • Salzhauer Michael's largest Q1 2020 buy was Crescent Capital BDC: 55,149 shares worth $532K.
  • Salzhauer Michael added most to Primis Financial Corp in Q1 2020, an estimated $362K increase.
  • Salzhauer Michael's biggest Q1 2020 reduction was JPMorgan Chase, cutting an estimated $13.6M.
  • Salzhauer Michael fully exited Hancock Whitney in Q1 2020, selling an estimated $4.61M.
  • Salzhauer Michael's ten largest holdings make up 42% of its $58.8M portfolio in Q1 2020.
  • Salzhauer Michael opened 5 new positions and closed 34 in Q1 2020.
  • Salzhauer Michael's portfolio value fell 73% quarter-over-quarter to $58.8M.

Based on Salzhauer Michael's 13F filing for Q1 2020, filed 5 May 2020.