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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
Cap. Flow
-$32.9M
Cap. Flow %
-29.04%
Top 10 Hldgs %
53.65%
Holding
117
New
5
Increased
15
Reduced
24
Closed
16

Top Buys

Rank Stock Value
1
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$1.8M
2
PNC icon
PNC Financial Services
PNC
+$966K
3
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$919K
4
HWC icon
Hancock Whitney
HWC
+$371K
5
DVN icon
Devon Energy
DVN
+$273K

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$22.8M
2
BKU icon
Bankunited
BKU
+$5.09M
3
WFC icon
Wells Fargo
WFC
+$2.37M
4
AUB icon
Atlantic Union Bankshares
AUB
+$2.28M
5
SNV
Synovus
SNV
+$1.39M

Sector Composition

Rank Sector Weight
1 Financials 93.07%
2 Energy 1.09%
3 Healthcare 1.05%
4 Industrials 0.54%
5 Technology 0.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC icon
1
Bank of America
BAC
$429B
$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
FRST icon
3
Primis Financial Corp
FRST
$399M
$7.53M 6.65%
782,233
+400
+0.1% +$4.53K
SBCF icon
4
Seacoast Banking Corp of Florida
SBCF
$3.3B
$5.91M 5.21%
249,307
+60,415
+32% +$1.8M
PGC icon
5
Peapack-Gladstone Financial
PGC
$815M
$5.67M 5%
191,371
+1,496
+0.8% +$53K
SMBK icon
6
SmartFinancial
SMBK
$906M
$5.34M 4.72%
230,922
+5,668
+3% +$148K
WFC icon
7
Wells Fargo
WFC
$254B
$5.05M 4.45%
134,992
-54,351
-29% -$2.37M
PNFP icon
8
Pinnacle Financial Partners Inc
PNFP
$15.8B
$3.2M 2.82%
57,929
+13,100
+29% +$919K
PNC icon
9
PNC Financial Services
PNC
$99.1B
$3.12M 2.75%
24,509
+6,406
+35% +$966K
FBK icon
10
FB Financial Corp
FBK
$2.98B
$2.91M 2.57%
93,620
– –
FBNC icon
11
First Bancorp
FBNC
$2.61B
$2.45M 2.16%
68,994
– –
WBS icon
12
Webster Financial
WBS
$12.3B
$2.11M 1.86%
53,566
-10,433
-16% -$501K
SSB icon
13
SouthState Bank Corp
SSB
$10.3B
$2.01M 1.78%
28,232
– –
VABK icon
14
Virginia National Bankshares
VABK
$248M
$1.79M 1.58%
49,787
– –
FITB
15
Fifth Third Bancorp
FITB
$51.3B
$1.69M 1.49%
63,553
-29,668
-32% -$986K
RF icon
16
Regions Financial
RF
$26.4B
$1.68M 1.48%
90,521
– –
INDB icon
17
Independent Bank
INDB
$4.04B
$1.41M 1.24%
21,471
– –
TFC icon
18
Truist Financial
TFC
$63.9B
$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
– –
WFC icon
21
CALL
Wells Fargo
WFC
$254B
$1.19M 1.05%
891,000
+184,800
+26% +$8.05M
JPM icon
22
JPMorgan Chase
JPM
$916B
$1.13M 1%
8,660
– –
BAC icon
23
CALL
Bank of America
BAC
$429B
$1.08M 0.95%
869,400
-139,000
-14% -$4.59M
SHBI icon
24
Shore Bancshares
SHBI
$820M
$1.05M 0.93%
73,739
– –
MNSB icon
25
MainStreet Bancshares
MNSB
$167M
$941K 0.83%
40,062
– –
1
2 3 4 5

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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 $32.9M 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 Energy and Healthcare.

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.