SALZHAUER MICHAEL

CIK 1059543 · View on SEC EDGAR ↗

Portfolio value
$292.4M
#5,260 of 9,443 by 13F value · top 55.7%
Positions
89
As of
June 30, 2026

Portfolio value QoQ: +37.8% 13F does not disclose cash

Top 10 holdings weight
64.93%
Top 25 holdings weight
83.06%
Positions above 1%
19
Effective number of positions
9.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 19.03% Est. buys $48,002,309 · sells $148,067,166

Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 66.4% still held

New positions
19
Increased
12
Decreased
21
Closed
5
On this page

Sector breakdown

Financials
94.5%
Financial Services
4.1%
Technology
0.3%
Telecommunication
0.2%
Communication Services
0.2%
Healthcare
0.1%
Utilities
0.1%
Energy
0.1%
Communications
0.1%
Consumer Staples
0.0%
Other/Unmapped
0.1%

Full portfolio 89 positions

Type Streak 8Q trend
BAC Bank of America Corporation Common Stock $85,219,857 29.14% 1,495,610 $28,366,358 Down ×1
C Citigroup, Inc. Common Stock $22,173,375 7.58% 158,427 $-7,206,392 Down ×1
PNFP Pinnacle Financial Partners, Inc. - Common Stock $14,987,376 5.13% 148,566 Up ×1
C Citigroup, Inc. Common Stock $13,050,290 4.46% 408,900 Call option
PGC Peapack-Gladstone Financial Corporation - Common Stock $10,253,179 3.51% 216,632 $1,248,605 Down ×2
COF Capital One Financial Corporation Common Stock $10,030,111 3.43% 49,996 $7,469,158 Up ×2
SMBK SmartFinancial, Inc. Common Stock $9,900,735 3.39% 211,013 $1,589,587 Down ×2
BANC Banc of California, Inc. Common Stock $9,572,669 3.27% 468,559 $2,518,607 Down ×1
FRST Primis Financial Corp. - Common Stock $7,723,279 2.64% 471,795 $-1,438,873 Down ×3
WFC Wells Fargo & Company Common Stock $6,965,624 2.38% 84,289 $-335,861 Down ×1
SBCF Seacoast Banking Corporation of Florida - Common Stock $6,379,578 2.18% 191,867 $477,057 Down ×1
FSUN FirstSun Capital Bancorp - Common Stock $5,467,462 1.87% 140,987 $328,078 Up ×1
WAL Western Alliance Bancorporation Common Stock (DE) $4,498,039 1.54% 54,721 $657,319 Up ×6
BAC Bank of America Corporation Common Stock $4,456,920 1.52% 476,000 Call option
HTB HomeTrust Bancshares, Inc. Common Stock $3,927,592 1.34% 78,725 $569,969
PFS Provident Financial Services, Inc Common Stock $3,598,082 1.23% 152,203 $377,464
FHN First Horizon Corporation Common Stock $3,370,279 1.15% 131,446 $199,632 Down ×1
SSB SouthState Bank Corporation Common Stock $3,154,942 1.08% 31,581 $233,068
FBK FB Financial Corporation Common Stock $3,081,058 1.05% 55,665 $188,311 Down ×2
FITB Fifth Third Bancorp - Common Stock $2,829,436 0.97% 50,194 $552,756 Up ×1
TFC Truist Financial Corporation Common Stock $2,687,141 0.92% 53,937 $207,657
TCBX Third Coast Bancshares, Inc. - Common Stock $2,500,706 0.86% 61,899 $959,007 Up ×2
CBSH Commerce Bancshares, Inc. - Common Stock $2,478,399 0.85% 42,916 $371,852 Up ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $2,363,220 0.81% 9,598 $365,972
CNOB ConnectOne Bancorp, Inc. - Common Stock $2,229,789 0.76% 66,680 $424,687 Down ×1
DCOM Dime Community Bancshares, Inc. - Common Stock $2,203,312 0.75% 54,202 $99,639 Down ×1
HBAN Huntington Bancshares Incorporated - Common Stock $2,111,767 0.72% 119,107 $247,742
VABK Virginia National Bankshares Corporation - Common Stock $2,026,913 0.69% 45,672 $282,251
RF Regions Financial Corporation Common Stock $2,006,790 0.69% 66,450 $271,116
HWC Hancock Whitney Corporation - Common Stock $1,810,615 0.62% 24,232 $269,702
MCB Metropolitan Bank Holding Corp. Common Stock $1,775,124 0.61% 17,974 $284,842 Up ×1
TOWN Towne Bank - Common Stock $1,707,665 0.58% 47,121 $121,101
SHBI Shore Bancshares, Inc. - Common Stock $1,660,601 0.57% 72,357 $308,965
UNTY Unity Bancorp, Inc. - Common Stock $1,506,808 0.52% 25,674 $500,062 Up ×2
CFG Citizens Financial Group, Inc. Common Stock $1,498,867 0.51% 21,391 $-123,951 Down ×1
WSFS WSFS Financial Corporation - Common Stock $1,483,115 0.51% 19,329 $217,839
BHRB Burke & Herbert Financial Services Corp. - Common Stock $1,452,914 0.50% 20,219 $1,092,678 Up ×1
USCB USCB Financial Holdings, Inc. - Class A Common Stock $1,281,389 0.44% 62,629 $305,647 Up ×3
CFBK CF Bankshares Inc. - Common Stock $1,278,128 0.44% 39,003 $189,554
AMTB Amerant Bancorp Inc. Class A Common Stock $1,276,000 0.44% 50,000 $835,200 Up ×1
HAFC Hanmi Financial Corporation - Common Stock $1,237,712 0.42% 38,201 $-190,247 Down ×1
QCRH QCR Holdings, Inc. - Common Stock $1,176,258 0.40% 12,083 $129,459 Down ×1
SPFI South Plains Financial, Inc. - Common Stock $1,138,796 0.39% 26,431 $194,136 Up ×1
JPM JP Morgan Chase & Co. Common Stock $1,052,366 0.36% 3,215 $106,642
AAPL Apple Inc. - Common Stock $989,032 0.34% 3,418 $121,578
SSBI Summit State Bank - Common Stock $984,119 0.34% 72,575 $13,789
COSO CoastalSouth Bancshares, Inc. Common Stock $887,285 0.30% 33,046 $74,684
BPOP Popular, Inc. - Common Stock $856,117 0.29% 5,215 $156,487
MS Morgan Stanley Common Stock $853,092 0.29% 4,081 $173,253 Down ×1
CFG Citizens Financial Group, Inc. Common Stock $780,000 0.27% 100,000 Call option
WFC Wells Fargo & Company Common Stock $756,000 0.26% 60,000 Call option
COLB Columbia Banking System, Inc. - Common Stock $727,086 0.25% 22,686 $104,809
CBFV CB Financial Services, Inc. - Common Stock $716,424 0.24% 18,903 $70,319
AUB Atlantic Union Bankshares Corporation Common Stock $701,415 0.24% 16,578 $108,917
ABCB Ameris Bancorp Common Stock $665,758 0.23% 7,376 $90,504
KEY KeyCorp Common Stock $617,600 0.21% 160,400 Call option
UCB United Community Banks, Inc. Common Stock $597,653 0.20% 17,032 $61,315
MET MetLife, Inc. Common Stock $582,624 0.20% 6,886 $95,646
ORRF Orrstown Financial Services, Inc. - Common Stock $560,759 0.19% 13,734 $65,236
CIVB Civista Bancshares, Inc. - Common Stock $548,032 0.19% 19,420 $105,450
VLY Valley National Bancorp - Common Stock $501,030 0.17% 34,200 $138,230 Down ×1
ZION Zions Bancorporation N.A. - Common Stock $498,168 0.17% 7,200 $83,304
KEY KeyCorp Common Stock $495,898 0.17% 21,514 $-341,938 Down ×1
UWMC UWM Holdings Corporation Class A Common Stock $419,930 0.14% 183,375 $112,346 Down ×1
T AT&T Inc. $403,609 0.14% 19,498 $-161,638
MSGS Madison Square Garden Sports Corp. Class A Common Stock (New) $398,625 0.14% 992 $79,796
BANC Banc of California, Inc. Common Stock $350,000 0.12% 200,000 Call option
BMY Bristol-Myers Squibb Company Common Stock $348,774 0.12% 6,053 $-26,924 Down ×1
VZ Verizon Communications Inc. Common Stock $318,736 0.11% 7,528 $-59,170
GDOT Green Dot Corporation Class A Common Stock, $0.001 par value $313,500 0.11% 23,205 Up ×1
ALL Allstate Corporation (The) Common Stock $306,229 0.10% 1,287 $39,382
HIG The Hartford Insurance Group, Inc. Common Stock $297,640 0.10% 2,246 $-6,087
BKH Black Hills Corporation Common Stock $290,160 0.10% 3,900 Up ×1
INDB Independent Bank Corp. - Common Stock $289,839 0.10% 3,462 $24,423 Down ×1
CB Chubb Limited Common Stock $280,770 0.10% 824 $12,204
V Visa Inc. $274,472 0.09% 800 $32,680
KNTK Kinetik Holdings Inc. Class A Common Stock $256,202 0.09% 5,300 Up ×1
FHN First Horizon Corporation Common Stock $240,000 0.08% 150,000 Call option
CSCO Cisco Systems, Inc. - Common Stock $234,920 0.08% 2,000 Up ×1
FDL $231,281 0.08% 4,753 $-10,171
TRV The Travelers Companies, Inc. Common Stock $231,084 0.08% 700 $26,908
SPHR Sphere Entertainment Co. Class A Common Stock $227,361 0.08% 1,314 Up ×1
CBAN Colony Bankcorp, Inc. Common Stock $200,900 0.07% 10,000 Up ×1
BRBS $197,680 0.07% 56,000 Up ×1
UWMC UWM Holdings Corporation Class A Common Stock $139,250 0.05% 725,000 Call option
CRESY Cresud S.A.C.I.F. y A. - American Depositary Shares, each representing ten shares of Common Stock $112,100 0.04% 10,000 $-15,100
AIG American International Group, Inc. New Common Stock $108,000 0.04% 30,000 Call option Up ×1
VLY Valley National Bancorp - Common Stock $52,500 0.02% 50,000 Call option
AIG American International Group, Inc. New Common Stock $9,725 0.00% 130 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
WAL $4,498,039 1.54% up ×6
USCB $1,281,389 0.44% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
PNFP $14,987,376 148,566 5.13%
C $13,050,290 408,900 4.46%
BAC $4,456,920 476,000 1.52%
CFG $780,000 100,000 0.27%
WFC $756,000 60,000 0.26%
KEY $617,600 160,400 0.21%
BANC $350,000 200,000 0.12%
GDOT $313,500 23,205 0.11%
BKH $290,160 3,900 0.10%
KNTK $256,202 5,300 0.09%
FHN $240,000 150,000 0.08%
CSCO $234,920 2,000 0.08%
SPHR $227,361 1,314 0.08%
CBAN $200,900 10,000 0.07%
BRBS $197,680 56,000 0.07%

Top movers (QoQ)

Security Action Shares Δ Value Δ
BAC Trimmed -615K +$28.4M
COF Bought more +36K +$7.5M
C Trimmed -569K -$7.2M
BANC Trimmed -120K +$2.5M
SMBK Trimmed -2K +$1.6M
FRST Trimmed -218K -$1.4M
PGC Trimmed -39K +$1.2M
BHRB Bought more +14K +$1.1M
TCBX Bought more +21K +$959K
AMTB Bought more +30K +$835K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
SNV March 31, 2026 151,523 $7,583,730 No longer tracked
PNFP March 31, 2026 36,837 $3,514,618 20.4%
CMA March 31, 2026 76,602 $3,487,512 No longer tracked
XOP Dec. 31, 2025 774 $3,122,413 No longer tracked
SSBXXXX Sept. 30, 2025 31,581 $2,906,399 No longer tracked
TXNM Dec. 31, 2025 2,250 $2,561,783 -2.2%
WBS March 31, 2026 40,289 $2,535,790 12.3%
VOD Dec. 31, 2025 118 $1,579,412 22.6%
LNKB June 30, 2026 81,685 $681,253 No longer tracked
MNSB June 30, 2025 33,448 $559,251 34.1%
VIG Dec. 31, 2025 300 $553,671 No longer tracked
CARE March 31, 2026 27,744 $545,447 33.9%
XOM March 31, 2026 4,500 $541,530 -1.1%
UPS Dec. 31, 2025 369 $533,953 4.7%
AMTB June 30, 2025 24,988 $515,752 58.5%
DVN June 30, 2025 10,700 $400,180 52.6%
SCHL June 30, 2026 8,761 $342,205 -10.1%
VBNK March 31, 2026 21,443 $320,722 40.8%
AFBI March 31, 2026 15,027 $306,701 No longer tracked
ZTS Dec. 31, 2025 12 $294,216 -38.8%
BOTJ Dec. 31, 2025 18,690 $291,564 45.5%
VIR Dec. 31, 2025 12,900 $264,520 65.0%
CBNK June 30, 2025 9,208 $260,863 11.1%
AR June 30, 2025 50,000 $233,000 -7.1%
MSGS March 31, 2025 992 $223,875 106.7%
BAFN June 30, 2026 34,606 $219,748 32.0%
PPBI March 31, 2025 8,540 $212,817 No longer tracked
ONB June 30, 2025 10,000 $211,900 24.8%
FDL June 30, 2025 4,675 $203,082 No longer tracked
FXNC March 31, 2025 8,776 $201,936 43.4%
PFE June 30, 2026 7,135 $200,351 17.4%
OPBK Sept. 30, 2025 15,084 $195,941 11.9%
SPY March 31, 2025 60,000 $180,000 No longer tracked
FVCB June 30, 2025 10,000 $105,700 60.1%
VBTX Dec. 31, 2025 61,680 $64,737 No longer tracked
GLD March 31, 2026 30,000 $52,500 No longer tracked
AR March 31, 2026 35,000 $41,950 -11.9%
UBFO Dec. 31, 2025 27,985 $38,947 No longer tracked
FLG Dec. 31, 2025 80,000 $16,000 9.6%
CUE Sept. 30, 2025 16,000 $10,917 3434.8%
EGBN March 31, 2026 20,000 $6,000 14.1%
QS June 30, 2025 28,000 $840 -15.7%
BMNR June 30, 2026 10,500 $525 39.1%