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Salzhauer Michael Portfolio holdings
AUM
$292M
1-Year Est. Return
30%
This Fund
S&P 500
This Quarter
Est. Return
+11.44%
1 Year Est. Return
+30%
3 Year Est. Return
+106.71%
5 Year Est. Return
+50.52%
10 Year Est. Return
+271.97%
AUM
$163M
AUM Growth
+$34.7M
(+27%)
Cap. Flow
+$32.2M
Cap. Flow
% of AUM
19.7%
Top 10 Holdings %
Top 10 Hldgs %
59.81%
Holding
99
New
11
Increased
16
Reduced
17
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$17.6M |
| 2 |
CMA
Comerica
CMA
|
+$1.23M |
| 3 |
Citigroup
C
|
+$1.16M |
| 4 |
Orrstown Financial Services
ORRF
|
+$858K |
| 5 |
HTB
HomeTrust Bancshares
HTB
|
+$525K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Alliance Bancorporation
WAL
|
+$998K |
| 2 |
Seacoast Banking Corp of Florida
SBCF
|
+$991K |
| 3 |
PFC
Premier Financial Corp. Common Stock
PFC
|
+$867K |
| 4 |
CVLY
Codorus Valley Bancorp Inc
CVLY
|
+$712K |
| 5 |
Pinnacle Financial Partners Inc
PNFP
|
+$313K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.36% |
| 2 | Energy | 0.81% |
| 3 | Technology | 0.49% |
| 4 | Healthcare | 0.32% |
| 5 | Communication Services | 0.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bank of America
BAC
$429B
| $41.7M | 25.54% |
1,051,103
+437,905
| +71% | +$17.6M |
|
|
SNV
2
DELISTED
Synovus
SNV
| $9.69M | 5.94% |
217,993
-900
| -0.4% | -$39.4K |
|
3
Primis Financial Corp
FRST
$399M
| $9.2M | 5.63% |
755,332
+1,000
| +0.1% | +$11.8K |
|
4
SmartFinancial
SMBK
$906M
| $6.96M | 4.26% |
238,789
-5,000
| -2% | -$138K |
|
5
Wells Fargo
WFC
$254B
| $6.95M | 4.26% |
123,033
| – | – |
|
|
6
Seacoast Banking Corp of Florida
SBCF
$3.3B
| $5.99M | 3.67% |
224,681
-37,527
| -14% | -$991K |
|
|
7
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $5.52M | 3.38% |
56,329
-3,400
| -6% | -$313K |
|
8
Banc of California
BANC
$2.87B
| $4.28M | 2.62% |
290,539
-19,560
| -6% | -$271K |
|
9
Peapack-Gladstone Financial
PGC
$815M
| $4.18M | 2.56% |
152,538
+199
| +0.1% | +$5.22K |
|
10
SouthState Bank Corp
SSB
$10.3B
| $3.2M | 1.96% |
32,912
| – | – |
|
11
Truist Financial
TFC
$63.9B
| $3.09M | 1.89% |
72,172
| – | – |
|
|
12
Citigroup
C
$213B
| $2.92M | 1.79% |
46,645
+18,753
| +67% | +$1.16M |
|
13
FB Financial Corp
FBK
$2.98B
| $2.89M | 1.77% |
61,520
-5,000
| -8% | -$225K |
|
14
PNC Financial Services
PNC
$99.1B
| $2.68M | 1.64% |
14,490
| – | – |
|
|
CMA
15
DELISTED
Comerica
CMA
| $2.65M | 1.62% |
44,271
+22,213
| +101% | +$1.23M |
|
|
16
Western Alliance Bancorporation
WAL
$8.81B
| $2.27M | 1.39% |
26,192
-12,970
| -33% | -$998K |
|
|
17
CALL
Citigroup
C
$213B
| $1.95M | 1.19% |
215,500
-13,000
| -6% | -$804K |
|
18
Metropolitan Bank Holding Corp
MCB
$1.15B
| $1.9M | 1.16% |
36,105
-1,995
| -5% | -$98.5K |
|
19
Popular Inc
BPOP
$11B
| $1.86M | 1.14% |
18,594
| – | – |
|
20
Webster Financial
WBS
$12.3B
| $1.85M | 1.13% |
39,697
+523
| +1% | +$24K |
|
21
Dime Commercial Bancshares
DCOM
$1.79B
| $1.78M | 1.09% |
61,834
-2,000
| -3% | -$48.6K |
|
22
Virginia National Bankshares
VABK
$248M
| $1.71M | 1.05% |
41,052
-113
| -0.3% | -$4.24K |
|
23
Regions Financial
RF
$26.4B
| $1.68M | 1.03% |
71,833
| – | – |
|
24
Center Bancorp
CNOB
$1.65B
| $1.66M | 1.02% |
66,260
+604
| +0.9% | +$13.9K |
|
25
JPMorgan Chase
JPM
$916B
| $1.42M | 0.87% |
6,720
-400
| -6% | -$84.3K |
|
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Salzhauer Michael's Q3 2024 Portfolio in Review
As of Q3 2024, Salzhauer Michael held 99 positions worth $163M, up 27% from $129M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Salzhauer Michael deployed $32.2M of net new capital in Q3 2024, opening 11 new positions and adding to 16 existing holdings. Its largest new stake was Orrstown Financial Services: 25,900 shares worth $931K.
By sector, the portfolio is most concentrated in Financials at 94% of assets, down from 94% a quarter earlier, followed by Energy and Technology.
On the sell side, the largest reduction was Western Alliance Bancorporation, an estimated $998K trimmed.
- Salzhauer Michael's largest Q3 2024 buy was Orrstown Financial Services: 25,900 shares worth $931K.
- Salzhauer Michael added most to Bank of America in Q3 2024, an estimated $17.6M increase.
- Salzhauer Michael's biggest Q3 2024 reduction was Western Alliance Bancorporation, cutting an estimated $998K.
- Salzhauer Michael fully exited Premier Financial Corp. Common Stock in Q3 2024, selling an estimated $867K.
- Salzhauer Michael's ten largest holdings make up 60% of its $163M portfolio in Q3 2024.
- Salzhauer Michael opened 11 new positions and closed 6 in Q3 2024.
- Salzhauer Michael's portfolio value rose 27% quarter-over-quarter to $163M.
Based on Salzhauer Michael's 13F filing for Q3 2024, filed 7 Nov 2024.