SALZHAUER MICHAEL

CIK 1059543 · View on SEC EDGAR ↗

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

Top 10 holdings weight64.93%

Top 25 holdings weight83.06%

Positions above 1%19

Effective number of positions9.6

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 Q1 2025–Q2 2026 · 67.9% still held

New positions19

Increased12

Decreased21

Closed5

Portfolio value $292.4M #5,317 of 9,337 by 13F value · top 56.9%

Positions 89

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Financials 98.6%

Communication Services 0.5%

Technology 0.3%

Healthcare 0.1%

Utilities 0.1%

Energy 0.1%

Consumer Staples 0.0%

Other/Unmapped 0.1%

Full portfolio 89 positions

				Type		Streak
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 First Trust Exchange-Traded Fund	$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 CUSIP: 095825105	$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
No matches

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.

Security	Quarter	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	11.6%
CMA	March 31, 2026	76,602	$3,487,512	No longer tracked
XOP	Dec. 31, 2025	774	$3,122,413
SSB (filed as SSBXXXX)	Sept. 30, 2025	31,581	$2,906,399	3.1%
TXNM	Dec. 31, 2025	2,250	$2,561,783	-0.8%
WBS	March 31, 2026	40,289	$2,535,790	No longer tracked
VOD	Dec. 31, 2025	118	$1,579,412	27.3%
AR	June 30, 2025	63,000	$758,720	-15.4%
LNKB	June 30, 2026	81,685	$681,253	No longer tracked
MNSB	June 30, 2025	33,448	$559,251	31.9%
VIG	Dec. 31, 2025	300	$553,671
CARE	March 31, 2026	27,744	$545,447	31.9%
XOM	March 31, 2026	4,500	$541,530	-3.3%
UPS	Dec. 31, 2025	369	$533,953	-6.2%
AMTB	June 30, 2025	24,988	$515,752	62.2%
DVN	June 30, 2025	10,700	$400,180	49.8%
SCHL	June 30, 2026	8,761	$342,205	-21.3%
VBNK	March 31, 2026	21,443	$320,722	58.1%
AFBI	March 31, 2026	15,027	$306,701	No longer tracked
ZTS	Dec. 31, 2025	12	$294,216	-44.6%
BOTJ	Dec. 31, 2025	18,690	$291,564	46.9%
VIR	Dec. 31, 2025	12,900	$264,520	85.2%
CBNK	June 30, 2025	9,208	$260,863	20.5%
BAFN	June 30, 2026	34,606	$219,748	55.2%
ONB	June 30, 2025	10,000	$211,900	17.0%
FDL	June 30, 2025	4,675	$203,082
PFE	June 30, 2026	7,135	$200,351	15.4%
OPBK	Sept. 30, 2025	15,084	$195,941	11.2%
FVCB	June 30, 2025	10,000	$105,700	50.8%
QS	June 30, 2025	49,700	$91,112	-32.0%
VBTX	Dec. 31, 2025	61,680	$64,737	No longer tracked
GLD	March 31, 2026	30,000	$52,500
AR	March 31, 2026	35,000	$41,950	-19.7%
UBFO	Dec. 31, 2025	27,985	$38,947	No longer tracked
FLG	Dec. 31, 2025	80,000	$16,000	-7.1%
CUE	Sept. 30, 2025	16,000	$10,917	3456.3%
EGBN	March 31, 2026	20,000	$6,000	14.1%
BMNR	June 30, 2026	10,500	$525	97.4%