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SM

Salzhauer Michael Portfolio holdings

AUM $292M
1-Year Est. Return 30%
This Fund
S&P 500
This Quarter Est. Return
-0.93%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$164M
AUM Growth
-$3.1M
Cap. Flow
-$18M
Cap. Flow %
-11.01%
Top 10 Hldgs %
56.86%
Holding
127
New
6
Increased
20
Reduced
9
Closed
11

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$4.5M
2
SNV
Synovus
SNV
+$2.98M
3
PGC icon
Peapack-Gladstone Financial
PGC
+$1.41M
4
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$1.4M
5
SMBK icon
SmartFinancial
SMBK
+$1.27M

Top Sells

Rank Stock Value
1
COWN
Cowen Inc. Class A Common Stock
COWN
+$11.9M
2
BAC icon
Bank of America
BAC
+$3.84M
3
OSG
Octave Specialty Group
OSG
+$863K
4
BDX icon
Becton Dickinson
BDX
+$220K
5
UNVR
Univar Solutions Inc.
UNVR
+$204K

Sector Composition

Rank Sector Weight
1 Financials 93.98%
2 Healthcare 0.89%
3 Energy 0.56%
4 Industrials 0.41%
5 Technology 0.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC icon
1
Bank of America
BAC
$429B
$35.6M 21.75%
1,177,978
-114,814
-9% -$3.84M
SNV
2
DELISTED
Synovus
SNV
$10.7M 6.56%
286,192
+75,198
+36% +$2.98M
FRST icon
3
Primis Financial Corp
FRST
$399M
$9.48M 5.8%
781,833
+45,971
+6% +$608K
WFC icon
4
Wells Fargo
WFC
$254B
$7.49M 4.58%
186,243
+104,757
+129% +$4.5M
PGC icon
5
Peapack-Gladstone Financial
PGC
$815M
$7.18M 4.39%
213,522
+42,781
+25% +$1.41M
SMBK icon
6
SmartFinancial
SMBK
$906M
$5.47M 3.34%
221,389
+50,522
+30% +$1.27M
BKU icon
7
Bankunited
BKU
$3.33B
$5.12M 3.13%
149,956
+26,185
+21% +$979K
SBCF icon
8
Seacoast Banking Corp of Florida
SBCF
$3.3B
$4.56M 2.79%
150,739
+42,000
+39% +$1.4M
FBK icon
9
FB Financial Corp
FBK
$2.98B
$3.74M 2.29%
97,839
– –
PNFP icon
10
Pinnacle Financial Partners Inc
PNFP
$15.8B
$3.64M 2.22%
44,829
– –
FITB
11
Fifth Third Bancorp
FITB
$51.3B
$2.98M 1.82%
93,251
+3,000
+3% +$103K
WBS icon
12
Webster Financial
WBS
$12.3B
$2.89M 1.77%
63,879
+9,000
+16% +$417K
LBAI
13
DELISTED
Lakeland Bancorp Inc
LBAI
$2.87M 1.75%
178,953
– –
PNC icon
14
PNC Financial Services
PNC
$99.1B
$2.76M 1.69%
18,462
– –
FBNC icon
15
First Bancorp
FBNC
$2.61B
$2.52M 1.54%
68,994
– –
SSB icon
16
SouthState Bank Corp
SSB
$10.3B
$2.23M 1.37%
28,232
– –
C icon
17
Citigroup
C
$213B
$2.14M 1.31%
51,314
+518
+1% +$25.6K
WFC icon
18
CALL
Wells Fargo
WFC
$254B
$2.05M 1.26%
706,000
-15,500
-2% -$666K
AUB icon
19
Atlantic Union Bankshares
AUB
$6.05B
$1.97M 1.2%
64,841
– –
RF icon
20
Regions Financial
RF
$26.4B
$1.82M 1.11%
90,521
– –
TFC icon
21
Truist Financial
TFC
$63.9B
$1.73M 1.06%
39,637
– –
BAC icon
22
CALL
Bank of America
BAC
$429B
$1.68M 1.03%
1,169,100
+122,500
+12% +$4.1M
VABK icon
23
Virginia National Bankshares
VABK
$248M
$1.62M 0.99%
49,787
– –
INDB icon
24
Independent Bank
INDB
$4.04B
$1.6M 0.98%
21,471
– –
PFC
25
DELISTED
Premier Financial Corp. Common Stock
PFC
$1.53M 0.94%
59,577
+30,770
+107% +$832K
1
2 3 4 5

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Salzhauer Michael's Q3 2022 Portfolio in Review

As of Q3 2022, Salzhauer Michael held 127 positions worth $164M, down 1.9% from $167M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Salzhauer Michael withdrew a net $18M in Q3 2022, closing 11 positions and reducing 9 holdings. Its most notable exit was Cowen Inc. Class A Common Stock, an estimated $11.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 94% of assets, down from 94% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Salzhauer Michael opened a new position in Devon Energy worth $403K.

  • Salzhauer Michael's largest Q3 2022 buy was Devon Energy: 6,700 shares worth $403K.
  • Salzhauer Michael added most to Wells Fargo in Q3 2022, an estimated $4.5M increase.
  • Salzhauer Michael's biggest Q3 2022 reduction was Bank of America, cutting an estimated $3.84M.
  • Salzhauer Michael fully exited Cowen Inc. Class A Common Stock in Q3 2022, selling an estimated $11.9M.
  • Salzhauer Michael's ten largest holdings make up 57% of its $164M portfolio in Q3 2022.
  • Salzhauer Michael opened 6 new positions and closed 11 in Q3 2022.
  • Salzhauer Michael's portfolio value fell 1.9% quarter-over-quarter to $164M.

Based on Salzhauer Michael's 13F filing for Q3 2022, filed 3 Nov 2022.