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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
-3.66%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$95.9M
AUM Growth
-$17.4M
(-15%)
Cap. Flow
-$30.2M
Cap. Flow
% of AUM
-31.54%
Top 10 Holdings %
Top 10 Hldgs %
60.64%
Holding
108
New
7
Increased
13
Reduced
35
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seacoast Banking Corp of Florida
SBCF
|
+$1.08M |
| 2 |
Atlantic Union Bankshares
AUB
|
+$804K |
| 3 |
Pinnacle Financial Partners Inc
PNFP
|
+$689K |
| 4 |
SouthState Bank Corp
SSB
|
+$531K |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$258K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Bancorp
FBNC
|
+$2.45M |
| 2 |
Bank of America
BAC
|
+$1.1M |
| 3 |
Peapack-Gladstone Financial
PGC
|
+$972K |
| 4 |
Enterprise Financial Services Corp
EFSC
|
+$919K |
| 5 |
Cerus
CERS
|
+$919K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.07% |
| 2 | Energy | 1.35% |
| 3 | Technology | 0.69% |
| 4 | Healthcare | 0.25% |
| 5 | Communication Services | 0.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bank of America
BAC
$429B
| $13.1M | 13.63% |
455,489
-38,501
| -8% | -$1.1M |
|
|
SNV
2
DELISTED
Synovus
SNV
| $7.58M | 7.91% |
250,662
-7,555
| -3% | -$221K |
|
|
3
Seacoast Banking Corp of Florida
SBCF
$3.3B
| $6.61M | 6.89% |
299,138
+49,831
| +20% | +$1.08M |
|
4
Primis Financial Corp
FRST
$399M
| $6.57M | 6.85% |
779,933
-2,300
| -0.3% | -$19.2K |
|
5
Wells Fargo
WFC
$254B
| $5.87M | 6.12% |
137,549
+2,557
| +2% | +$103K |
|
6
SmartFinancial
SMBK
$906M
| $5.01M | 5.23% |
233,022
+2,100
| +0.9% | +$45.9K |
|
|
7
Peapack-Gladstone Financial
PGC
$815M
| $4.22M | 4.4% |
155,819
-35,552
| -19% | -$972K |
|
|
8
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $4.02M | 4.2% |
71,022
+13,093
| +23% | +$689K |
|
9
PNC Financial Services
PNC
$99.1B
| $2.81M | 2.93% |
22,305
-2,204
| -9% | -$269K |
|
|
10
SouthState Bank Corp
SSB
$10.3B
| $2.38M | 2.48% |
36,183
+7,951
| +28% | +$531K |
|
11
Webster Financial
WBS
$12.3B
| $2.07M | 2.16% |
54,966
+1,400
| +3% | +$51.7K |
|
|
12
CALL
Wells Fargo
WFC
$254B
| $2.01M | 2.09% |
413,200
-477,800
| -54% | -$19.2M |
|
|
FITB
13
Fifth Third Bancorp
FITB
$51.3B
| $1.93M | 2.01% |
73,553
+10,000
| +16% | +$258K |
|
14
FB Financial Corp
FBK
$2.98B
| $1.92M | 2.01% |
68,620
-25,000
| -27% | -$712K |
|
15
Virginia National Bankshares
VABK
$248M
| $1.48M | 1.54% |
46,007
-3,780
| -8% | -$119K |
|
16
Regions Financial
RF
$26.4B
| $1.34M | 1.4% |
75,080
-15,441
| -17% | -$273K |
|
17
JPMorgan Chase
JPM
$916B
| $1.26M | 1.31% |
8,660
| – | – |
|
18
Truist Financial
TFC
$63.9B
| $1.16M | 1.21% |
38,137
-1,500
| -4% | -$46.6K |
|
|
PFC
19
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.01M | 1.05% |
62,856
-1,721
| -3% | -$28.3K |
|
20
Center Bancorp
CNOB
$1.65B
| $871K | 0.91% |
52,522
| – | – |
|
21
MainStreet Bancshares
MNSB
$167M
| $870K | 0.91% |
38,382
-1,680
| -4% | -$36.8K |
|
22
WSFS Financial
WSFS
$4.14B
| $867K | 0.9% |
22,977
| – | – |
|
23
CB Financial Services
CBFV
$192M
| $744K | 0.78% |
35,923
-650
| -2% | -$13.2K |
|
24
BayFirst Financial Corp
BAFN
$33.1M
| $744K | 0.78% |
55,077
| – | – |
|
|
25
Atlantic Union Bankshares
AUB
$6.05B
| $740K | 0.77% |
+28,498
| New | +$804K |
|
Similar funds
CW
BCM
NC
PPC
NIM
FI
FPM
CWA
Salzhauer Michael's Q2 2023 Portfolio in Review
As of Q2 2023, Salzhauer Michael held 108 positions worth $95.9M, down 15% from $113M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Salzhauer Michael withdrew a net $30.2M in Q2 2023, closing 23 positions and reducing 35 holdings. Its most notable exit was First Bancorp, an estimated $2.45M position sold in full.
By sector, the portfolio is most concentrated in Financials at 94% of assets, up from 93% a quarter earlier, followed by Energy and Technology.
Against the trend, Salzhauer Michael opened a new position in Atlantic Union Bankshares worth $740K.
- Salzhauer Michael's largest Q2 2023 buy was Atlantic Union Bankshares: 28,498 shares worth $740K.
- Salzhauer Michael added most to Seacoast Banking Corp of Florida in Q2 2023, an estimated $1.08M increase.
- Salzhauer Michael's biggest Q2 2023 reduction was Bank of America, cutting an estimated $1.1M.
- Salzhauer Michael fully exited First Bancorp in Q2 2023, selling an estimated $2.45M.
- Salzhauer Michael's ten largest holdings make up 61% of its $95.9M portfolio in Q2 2023.
- Salzhauer Michael opened 7 new positions and closed 23 in Q2 2023.
- Salzhauer Michael's portfolio value fell 15% quarter-over-quarter to $95.9M.
Based on Salzhauer Michael's 13F filing for Q2 2023, filed 8 Aug 2023.