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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
+1.09%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$131M
AUM Growth
+$13.3M
(+11%)
Cap. Flow
+$11.5M
Cap. Flow
% of AUM
8.79%
Top 10 Holdings %
Top 10 Hldgs %
59.22%
Holding
104
New
17
Increased
20
Reduced
9
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$8.3M |
| 2 |
Dime Commercial Bancshares
DCOM
|
+$2.24M |
| 3 |
Metropolitan Bank Holding Corp
MCB
|
+$931K |
| 4 |
Hanmi Financial
HAFC
|
+$774K |
| 5 |
Western Alliance Bancorporation
WAL
|
+$715K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FB Financial Corp
FBK
|
+$2.65M |
| 2 |
Wells Fargo
WFC
|
+$1.15M |
| 3 |
Seacoast Banking Corp of Florida
SBCF
|
+$940K |
| 4 |
Capital One
COF
|
+$754K |
| 5 |
Citigroup
C
|
+$598K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 93.02% |
| 2 | Miscellaneous | 4.83% |
| 3 | Energy | 1.27% |
| 4 | Technology | 0.45% |
| 5 | Communication Services | 0.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bank of America
BAC
$416B
| $23.4M | 17.85% |
616,348
+241,734
| +65% | +$8.3M |
|
2
Primis Financial Corp
FRST
$401M
| $9.16M | 7% |
752,841
| – | – |
|
|
SNV
3
DELISTED
Synovus
SNV
| $8.7M | 6.64% |
217,133
+10,505
| +5% | +$395K |
|
|
4
Wells Fargo
WFC
$273B
| $7.47M | 5.7% |
128,833
-21,940
| -15% | -$1.15M |
|
|
5
Seacoast Banking Corp of Florida
SBCF
$3.29B
| $6.76M | 5.16% |
266,208
-37,324
| -12% | -$940K |
|
6
Pinnacle Financial Partners Inc
PNFP
$15B
| $5.73M | 4.38% |
66,713
-3,400
| -5% | -$286K |
|
7
SmartFinancial
SMBK
$893M
| $5.13M | 3.92% |
243,467
+12,700
| +6% | +$281K |
|
8
Banc of California
BANC
$2.94B
| $3.99M | 3.05% |
262,284
+17,000
| +7% | +$236K |
|
|
9
Dime Commercial Bancshares
DCOM
$1.8B
| $3.72M | 2.84% |
129,915
+106,121
| +446% | +$2.24M |
|
10
Peapack-Gladstone Financial
PGC
$812M
| $3.53M | 2.69% |
144,910
+17,122
| +13% | +$438K |
|
11
SouthState Bank Corp
SSB
$10.3B
| $2.85M | 2.17% |
33,489
| – | – |
|
|
12
CALL
Citigroup
C
$228B
| $2.63M | 2.01% |
228,500
+128,500
| +129% | +$7.15M |
|
13
PNC Financial Services
PNC
$97.4B
| $2.34M | 1.79% |
14,490
| – | – |
|
|
WBS
14
DELISTED
Webster Financial
WBS
| $1.97M | 1.5% |
38,772
| – | – |
|
|
FITB
15
Fifth Third Bancorp
FITB
$49.6B
| $1.86M | 1.42% |
50,030
| – | – |
|
|
16
CALL
Bank of America
BAC
$416B
| $1.7M | 1.3% |
179,300
-350,000
| -66% | -$12M |
|
17
Popular Inc
BPOP
$10.4B
| $1.63M | 1.24% |
18,507
+91
| +0.5% | +$7.63K |
|
18
Regions Financial
RF
$25.7B
| $1.51M | 1.15% |
71,833
| – | – |
|
19
JPMorgan Chase
JPM
$931B
| $1.46M | 1.11% |
7,270
| – | – |
|
|
20
Metropolitan Bank Holding Corp
MCB
$1.13B
| $1.43M | 1.1% |
37,258
+21,281
| +133% | +$931K |
|
|
21
Western Alliance Bancorporation
WAL
$8.65B
| $1.29M | 0.99% |
20,105
+11,648
| +138% | +$715K |
|
22
Center Bancorp
CNOB
$1.6B
| $1.28M | 0.98% |
65,656
+2,480
| +4% | +$52.1K |
|
23
Virginia National Bankshares
VABK
$267M
| $1.24M | 0.95% |
41,165
| – | – |
|
24
Truist Financial
TFC
$61.2B
| $1.19M | 0.91% |
30,500
| – | – |
|
|
CMA
25
DELISTED
Comerica
CMA
| $977K | 0.75% |
17,764
+12,743
| +254% | +$665K |
|
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Salzhauer Michael's Q1 2024 Portfolio in Review
As of Q1 2024, Salzhauer Michael held 104 positions worth $131M, up 11% from $118M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Salzhauer Michael deployed $11.5M of net new capital in Q1 2024, opening 17 new positions and adding to 20 existing holdings. Its largest new stake was Hanmi Financial: 47,500 shares worth $756K.
By sector, the portfolio is most concentrated in Financials at 93% of assets, up from 93% a quarter earlier, followed by Miscellaneous and Energy.
On the sell side, the largest reduction was Wells Fargo, an estimated $1.15M trimmed.
- Salzhauer Michael's largest Q1 2024 buy was Hanmi Financial: 47,500 shares worth $756K.
- Salzhauer Michael added most to Bank of America in Q1 2024, an estimated $8.3M increase.
- Salzhauer Michael's biggest Q1 2024 reduction was Wells Fargo, cutting an estimated $1.15M.
- Salzhauer Michael fully exited FB Financial Corp in Q1 2024, selling an estimated $2.65M.
- Salzhauer Michael's ten largest holdings make up 59% of its $131M portfolio in Q1 2024.
- Salzhauer Michael opened 17 new positions and closed 11 in Q1 2024.
- Salzhauer Michael's portfolio value rose 11% quarter-over-quarter to $131M.
Based on Salzhauer Michael's 13F filing for Q1 2024, filed 26 Apr 2024.