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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
-2.15%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$89.5M
AUM Growth
+$13.2M
(+17%)
Cap. Flow
+$65.3M
Cap. Flow
% of AUM
73%
Top 10 Holdings %
Top 10 Hldgs %
56.41%
Holding
103
New
24
Increased
14
Reduced
9
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$11.3M |
| 2 |
FB Financial Corp
FBK
|
+$492K |
| 3 |
SNV
Synovus
SNV
|
+$417K |
| 4 |
Dime Commercial Bancshares
DCOM
|
+$378K |
| 5 |
Seacoast Banking Corp of Florida
SBCF
|
+$339K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FSB
Franklin Financial Network, Inc.
FSB
|
+$776K |
| 2 |
STND
Standard AVB Financial Corp. Common Stock
STND
|
+$557K |
| 3 |
COWN
Cowen Inc. Class A Common Stock
COWN
|
+$340K |
| 4 |
Prosperity Bancshares
PB
|
+$286K |
| 5 |
M&T Bank
MTB
|
+$280K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 86.53% |
| 2 | Healthcare | 3.1% |
| 3 | Consumer Discretionary | 0.42% |
| 4 | Technology | 0.37% |
| 5 | Real Estate | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bank of America
BAC
$429B
| $19.2M | 21.46% |
796,811
+452,614
| +131% | +$11.3M |
|
|
COWN
2
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $7.5M | 8.38% |
460,630
-20,000
| -4% | -$340K |
|
3
Primis Financial Corp
FRST
$399M
| $6.31M | 7.05% |
726,571
+532
| +0.1% | +$4.66K |
|
|
SNV
4
DELISTED
Synovus
SNV
| $3.93M | 4.39% |
185,626
+20,000
| +12% | +$417K |
|
5
Bankunited
BKU
$3.33B
| $2.78M | 3.11% |
126,775
+8,000
| +7% | +$170K |
|
|
6
FB Financial Corp
FBK
$2.98B
| $2.46M | 2.75% |
97,839
+19,044
| +24% | +$492K |
|
7
Cerus
CERS
$575M
| $2.28M | 2.55% |
364,763
+8,214
| +2% | +$54.5K |
|
8
PNC Financial Services
PNC
$99.1B
| $2.26M | 2.53% |
20,562
-1,171
| -5% | -$126K |
|
9
Peapack-Gladstone Financial
PGC
$815M
| $2.13M | 2.38% |
140,516
-1,000
| -0.7% | -$16.8K |
|
10
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $1.63M | 1.82% |
45,829
| – | – |
|
|
11
Seacoast Banking Corp of Florida
SBCF
$3.3B
| $1.61M | 1.8% |
89,130
+17,500
| +24% | +$339K |
|
|
12
CALL
Bank of America
BAC
$429B
| $1.6M | 1.79% |
+867,400
| New | +$21.6M |
|
|
FCCY
13
DELISTED
1st Constitution Bancorp
FCCY
| $1.57M | 1.75% |
131,812
| – | – |
|
14
Truist Financial
TFC
$63.9B
| $1.53M | 1.71% |
40,257
| – | – |
|
|
FITB
15
Fifth Third Bancorp
FITB
$51.3B
| $1.41M | 1.57% |
65,925
+510
| +0.8% | +$10.3K |
|
|
EBSB
16
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.4M | 1.56% |
134,880
-10,471
| -7% | -$119K |
|
17
Atlantic Union Bankshares
AUB
$6.05B
| $1.39M | 1.55% |
64,841
| – | – |
|
18
SouthState Bank Corp
SSB
$10.3B
| $1.36M | 1.52% |
28,232
+4,036
| +17% | +$209K |
|
|
STL
19
DELISTED
Sterling Bancorp
STL
| $1.34M | 1.49% |
126,998
-20,000
| -14% | -$227K |
|
20
CALL
JPMorgan Chase
JPM
$916B
| $1.06M | 1.19% |
+117,100
| New | +$11.5M |
|
|
FBSS
21
DELISTED
Fauquier Bankshares Inc
FBSS
| $1M | 1.12% |
66,765
| – | – |
|
22
CALL
Capital One
COF
$128B
| $957K | 1.07% |
+69,800
| New | +$4.67M |
|
23
SmartFinancial
SMBK
$906M
| $942K | 1.05% |
69,332
+4,529
| +7% | +$64K |
|
24
Regions Financial
RF
$26.4B
| $879K | 0.98% |
76,270
| – | – |
|
|
SLCT
25
DELISTED
Select Bancorp, Inc.
SLCT
| $829K | 0.93% |
115,270
| – | – |
|
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Salzhauer Michael's Q3 2020 Portfolio in Review
As of Q3 2020, Salzhauer Michael held 103 positions worth $89.5M, up 17% from $76.3M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Salzhauer Michael deployed $65.3M of net new capital in Q3 2020, opening 24 new positions and adding to 14 existing holdings. Its largest new stake was Dime Commercial Bancshares: 19,654 shares worth $343K.
By sector, the portfolio is most concentrated in Financials at 87% of assets, down from 90% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Cowen Inc. Class A Common Stock, an estimated $340K trimmed.
- Salzhauer Michael's largest Q3 2020 buy was Dime Commercial Bancshares: 19,654 shares worth $343K.
- Salzhauer Michael added most to Bank of America in Q3 2020, an estimated $11.3M increase.
- Salzhauer Michael's biggest Q3 2020 reduction was Cowen Inc. Class A Common Stock, cutting an estimated $340K.
- Salzhauer Michael fully exited Franklin Financial Network, Inc. in Q3 2020, selling an estimated $776K.
- Salzhauer Michael's ten largest holdings make up 56% of its $89.5M portfolio in Q3 2020.
- Salzhauer Michael opened 24 new positions and closed 8 in Q3 2020.
- Salzhauer Michael's portfolio value rose 17% quarter-over-quarter to $89.5M.
Based on Salzhauer Michael's 13F filing for Q3 2020, filed 9 Nov 2020.