SALZHAUER MICHAEL
Long book
$212.2M
Q1 2026
Positions
75
Top-10 weight
67%
concentration
Last quarter
+18.5%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsSALZHAUER MICHAEL is a diversified fundamental manager, specialised in financials (98% of the long book), running a $212.2M US long book across 75 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BANK OF AMERICA CORP, CITIGROUP INC, PRIMIS FINANCIAL CORP, PEAPACK GLADSTONE FINL CORP, SMARTFINANCIAL INC.
Over the last 9 quarters its long book ran on average 1.6pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.3%
Q2 2024
+12.3%
Q3 2024
+8.3%
Q4 2024
-4.3%
Q1 2025
+8.7%
Q2 2025
+8.8%
Q3 2025
+6.8%
Q4 2025
-4.1%
Q1 2026
+18.5%
Sector allocation
Financials 97%
Other 2%
Communications 0%
Technology 0%
Healthcare 0%
Services media 0%
Long book by quarter
What does SALZHAUER MICHAEL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BAC BANK OF AMERICA CORP | Financials | 2.1M | $56.9M | 26.8% | +49.6% |
| C CITIGROUP INC | Financials | 727.8K | $29.4M | 13.8% | +841.5% |
| FRST PRIMIS FINANCIAL CORP | Financials | 689.9K | $9.2M | 4.3% | -7.3% |
| PGC PEAPACK GLADSTONE FINL CORP | Financials | 255.7K | $9.0M | 4.2% | -5.0% |
| SMBK SMARTFINANCIAL INC | Financials | 212.7K | $8.3M | 3.9% | -5.9% |
| WFC WELLS FARGO & CO | Financials | 142.9K | $7.3M | 3.4% | +73.2% |
| BANC BANC OF CALIFORNIA INC | Financials | 588.8K | $7.1M | 3.3% | +30.2% |
| SBCF SEACOAST BANKING CORP/FL | Financials | 194.9K | $5.9M | 2.8% | +0.1% |
| FSUN FIRSTSUN CAPITAL BANCORP | Financials | 141.0K | $5.1M | 2.4% | Held |
| WAL WESTERN ALLIANCE BANCORP | Financials | 54.2K | $3.8M | 1.8% | +16.2% |
| HTB HOMETRUST BANCSHARES INC | Financials | 78.7K | $3.4M | 1.6% | +0.3% |
| PFS PROVIDENT FINANCIAL SERVICES | Financials | 152.2K | $3.2M | 1.5% | +18.7% |
| FHN FIRST HORIZON CORP | Financials | 282.1K | $3.2M | 1.5% | +124.3% |
| SSB SOUTHSTATE BANK CORP | Financials | 31.6K | $2.9M | 1.4% | Held |
| FBK FB FINANCIAL CORP | Financials | 55.7K | $2.9M | 1.4% | -5.1% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 14.0K | $2.6M | 1.2% | +9.1% |
| TFC TRUIST FINANCIAL CORP | Financials | 53.9K | $2.5M | 1.2% | -0.7% |
| FITB FIFTH THIRD BANCORP | Financials | 49.0K | $2.3M | 1.1% | New |
| CBSH COMMERCE BANCSHARES INC | Financials | 42.8K | $2.1M | 1.0% | New |
| DCOM DIME COMMERCIAL BANCSHARES I | Financials | 62.2K | $2.1M | 1.0% | Held |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 9.6K | $2.0M | 0.9% | Held |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 119.1K | $1.9M | 0.9% | +2.6% |
| CNOB CONNECTONE BANCORP INC | Financials | 67.4K | $1.8M | 0.9% | +0.5% |
| VABK VIRGINIA NATIONAL BANKSHARES | Financials | 45.7K | $1.7M | 0.8% | +11.3% |
| RF REGIONS FINANCIAL CORP | Financials | 66.5K | $1.7M | 0.8% | Held |
| CFG CITIZENS FINANCIAL GROUP | Financials | 121.4K | $1.6M | 0.8% | +467.5% |
| TOWN TOWNE BANK | — | 47.1K | $1.6M | 0.7% | +62.1% |
| TCBX THIRD COAST BANCSHARES INC | Financials | 40.8K | $1.5M | 0.7% | +1.2% |
| HWC HANCOCK WHITNEY CORP | Financials | 24.2K | $1.5M | 0.7% | +4.8% |
| MCB METROPOLITAN BANK HOLDING CO | Financials | 17.9K | $1.5M | 0.7% | -25.3% |
| HAFC HANMI FINANCIAL CORPORATION | Financials | 54.2K | $1.4M | 0.7% | +15.4% |
| SHBI SHORE BANCSHARES INC | Financials | 72.4K | $1.4M | 0.6% | +0.4% |
| WSFS WSFS FINANCIAL CORP | Financials | 19.3K | $1.3M | 0.6% | Held |
| CFBK CF BANKSHARES INC | Financials | 39.0K | $1.1M | 0.5% | +45.7% |
| QCRH QCR HOLDINGS INC | Financials | 12.3K | $1.0M | 0.5% | +0.4% |
| UNTY UNITY BANCORP INC | Financials | 19.4K | $1.0M | 0.5% | +106.1% |
| USCB USCB FINANCIAL HOLDINGS INC | Financials | 52.6K | $976K | 0.5% | +15.1% |
| SSBI SUMMIT STATE BANK | — | 72.6K | $970K | 0.5% | -21.5% |
| JPM JPMORGAN CHASE & CO | Financials | 3.2K | $946K | 0.4% | Held |
| SPFI SOUTH PLAINS FINANCIAL INC | Financials | 22.5K | $945K | 0.4% | Held |
| AAPL APPLE INC | Technology | 3.4K | $867K | 0.4% | Held |
| KEY KEYCORP | Financials | 201.9K | $838K | 0.4% | +263.1% |
| COSO COASTAL SOUTH BANCSHARES INC | Financials | 33.0K | $813K | 0.4% | +0.9% |
| BPOP POPULAR INC | Financials | 5.2K | $700K | 0.3% | -3.3% |
| LNKB LINKBANCORP INC | — | 81.7K | $681K | 0.3% | +50.2% |
| MS MORGAN STANLEY | Financials | 4.1K | $680K | 0.3% | Held |
| CBFV CB FINANCIAL SERVICES INC | Financials | 18.9K | $646K | 0.3% | Held |
| COLB COLUMBIA BANKING SYSTEM INC | Financials | 22.7K | $622K | 0.3% | Held |
| AUB ATLANTIC UNION BANKSHARES CO | Financials | 16.6K | $592K | 0.3% | Held |
| ABCB AMERIS BANCORP | Financials | 7.4K | $575K | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 75 | $212.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 94 | $244.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 93 | $208.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 80 | $170.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 87 | $163.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Feb 13, 2025 | 80 | $195.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 79 | $195.4M | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 93 | $163.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 89 | $128.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 93 | $131.0M | canonical | SEC ↗ |