We are live on
!
Find out more
SM
Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
-15.34%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$113M
AUM Growth
-$57.3M
(-34%)
Cap. Flow
-$35.4M
Cap. Flow
% of AUM
-31.28%
Top 10 Holdings %
Top 10 Hldgs %
53.65%
Holding
117
New
5
Increased
15
Reduced
24
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seacoast Banking Corp of Florida
SBCF
|
+$1.8M |
| 2 |
PNC Financial Services
PNC
|
+$966K |
| 3 |
Pinnacle Financial Partners Inc
PNFP
|
+$919K |
| 4 |
Hancock Whitney
HWC
|
+$371K |
| 5 |
Devon Energy
DVN
|
+$273K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$22.8M |
| 2 |
Bankunited
BKU
|
+$5.09M |
| 3 |
Wells Fargo
WFC
|
+$2.37M |
| 4 |
Atlantic Union Bankshares
AUB
|
+$2.28M |
| 5 |
SNV
Synovus
SNV
|
+$1.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 93.07% |
| 2 | Miscellaneous | 3.17% |
| 3 | Energy | 1.09% |
| 4 | Healthcare | 1.05% |
| 5 | Industrials | 0.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bank of America
BAC
$416B
| $14.1M | 12.46% |
493,990
-692,015
| -58% | -$22.8M |
|
|
SNV
2
DELISTED
Synovus
SNV
| $7.96M | 7.03% |
258,217
-36,510
| -12% | -$1.39M |
|
3
Primis Financial Corp
FRST
$401M
| $7.53M | 6.65% |
782,233
+400
| +0.1% | +$4.53K |
|
|
4
Seacoast Banking Corp of Florida
SBCF
$3.33B
| $5.91M | 5.21% |
249,307
+60,415
| +32% | +$1.8M |
|
5
Peapack-Gladstone Financial
PGC
$812M
| $5.67M | 5% |
191,371
+1,496
| +0.8% | +$53K |
|
6
SmartFinancial
SMBK
$893M
| $5.34M | 4.72% |
230,922
+5,668
| +3% | +$148K |
|
|
7
Wells Fargo
WFC
$268B
| $5.05M | 4.45% |
134,992
-54,351
| -29% | -$2.37M |
|
|
8
Pinnacle Financial Partners Inc
PNFP
$15.1B
| $3.2M | 2.82% |
57,929
+13,100
| +29% | +$919K |
|
|
9
PNC Financial Services
PNC
$97.4B
| $3.12M | 2.75% |
24,509
+6,406
| +35% | +$966K |
|
10
FB Financial Corp
FBK
$2.74B
| $2.91M | 2.57% |
93,620
| – | – |
|
11
First Bancorp
FBNC
$2.66B
| $2.45M | 2.16% |
68,994
| – | – |
|
|
WBS
12
DELISTED
Webster Financial
WBS
| $2.11M | 1.86% |
53,566
-10,433
| -16% | -$501K |
|
13
SouthState Bank Corp
SSB
$10.3B
| $2.01M | 1.78% |
28,232
| – | – |
|
14
Virginia National Bankshares
VABK
$267M
| $1.79M | 1.58% |
49,787
| – | – |
|
|
FITB
15
Fifth Third Bancorp
FITB
$49.6B
| $1.69M | 1.49% |
63,553
-29,668
| -32% | -$986K |
|
16
Regions Financial
RF
$25.7B
| $1.68M | 1.48% |
90,521
| – | – |
|
17
Independent Bank
INDB
$3.92B
| $1.41M | 1.24% |
21,471
| – | – |
|
18
Truist Financial
TFC
$61.2B
| $1.35M | 1.19% |
39,637
| – | – |
|
|
PFC
19
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.34M | 1.18% |
64,577
+5,000
| +8% | +$122K |
|
|
LBAI
20
DELISTED
Lakeland Bancorp Inc
LBAI
| $1.29M | 1.14% |
82,737
| – | – |
|
|
21
CALL
Wells Fargo
WFC
$268B
| $1.19M | 1.05% |
891,000
+184,800
| +26% | +$8.05M |
|
22
JPMorgan Chase
JPM
$931B
| $1.13M | 1% |
8,660
| – | – |
|
|
23
CALL
Bank of America
BAC
$416B
| $1.08M | 0.95% |
869,400
-139,000
| -14% | -$4.59M |
|
24
Shore Bancshares
SHBI
$782M
| $1.05M | 0.93% |
73,739
| – | – |
|
25
MainStreet Bancshares
MNSB
$180M
| $941K | 0.83% |
40,062
| – | – |
|
Similar funds
MWAL
PIA
WIM
HCM
SPA
AP
FCM
SC
Salzhauer Michael's Q1 2023 Portfolio in Review
As of Q1 2023, Salzhauer Michael held 117 positions worth $113M, down 34% from $171M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Salzhauer Michael withdrew a net $35.4M in Q1 2023, closing 16 positions and reducing 24 holdings. Its most notable exit was Bankunited, an estimated $5.09M position sold in full.
By sector, the portfolio is most concentrated in Financials at 93% of assets, down from 94% a quarter earlier, followed by Miscellaneous and Energy.
Against the trend, Salzhauer Michael opened a new position in Orrstown Financial Services worth $207K.
- Salzhauer Michael's largest Q1 2023 buy was Orrstown Financial Services: 10,400 shares worth $207K.
- Salzhauer Michael added most to Seacoast Banking Corp of Florida in Q1 2023, an estimated $1.8M increase.
- Salzhauer Michael's biggest Q1 2023 reduction was Bank of America, cutting an estimated $22.8M.
- Salzhauer Michael fully exited Bankunited in Q1 2023, selling an estimated $5.09M.
- Salzhauer Michael's ten largest holdings make up 54% of its $113M portfolio in Q1 2023.
- Salzhauer Michael opened 5 new positions and closed 16 in Q1 2023.
- Salzhauer Michael's portfolio value fell 34% quarter-over-quarter to $113M.
Based on Salzhauer Michael's 13F filing for Q1 2023, filed 5 May 2023.