Salzhauer Michael
NEW YORK, NY
$272m in 79 US stocks at the end of 30 June 2026. The top 10 are 67.4% of the money. It changed about 14.3% of the portfolio this quarter.
Value
$272m
Stocks
79
Top 10 share
67.4%
Turnover
14.3%
What changed this quarter
New
Bought for the first time this quarter.
- Pinnacle Financial PartnersPNFP5.5% of the fund
- Green DOTGDOT0.1% of the fund
- Black HillsBKH0.1% of the fund
- Kinetik HoldingsKNTK<0.1% of the fund
- Cisco SystemsCSCO<0.1% of the fund
- Sphere EntertainmentSPHR<0.1% of the fund
- Colony BankcorpCBAN<0.1% of the fund
- Blue Ridge BanksharesBRBS<0.1% of the fund
- American International GroupAIG<0.1% of the fund
Added
Bought more of a stock they already held.
- Capital One FinancialCOF3.7% of the fund+256%
- Fifth Third BancorpFITB1.0% of the fund+2%
- Third Coast BancsharesTCBX0.9% of the fund+52%
- Unity BancorpUNTY0.6% of the fund+32%
- Burke & Herbert Financial ServicesBHRB0.5% of the fund+250%
- Uscb Financial HoldingsUSCB0.5% of the fund+19%
- Amerant BancorpAMTB0.5% of the fund+150%
- South Plains FinancialSPFI0.4% of the fund+17%
Cut
Sold some of their stake.
- Bank of AmericaBAC31.3% of the fund-29%
- CitigroupC8.2% of the fund-78%
- Peapack Gladstone FinancialPGC3.8% of the fund-15%
- Banc of CaliforniaBANC3.5% of the fund-20%
- Primis FinancialFRST2.8% of the fund-32%
- Wells Fargo & CompanyWFC2.6% of the fund-41%
- First HorizonFHN1.2% of the fund-53%
- Dime Commercial BancsharesDCOM0.8% of the fund-13%
- Citizens Financial GroupCFG0.6% of the fund-82%
- Hanmi FinancialHAFC0.5% of the fund-29%
- Valley National BancorpVLY0.2% of the fund-79%
- KeycorpKEY0.2% of the fund-89%
- UWM HoldingsUWMC0.2% of the fund-68%
- Bristol-Myers SquibbBMY0.1% of the fund-49%
Sold out
Sold their entire stake.
- LinkbancorpLNKB-100%
- ScholasticSCHL-100%
- BayFirst FinancialBAFN-100%
- PfizerPFE-100%
- Bitmine Immersion TechnologiesBMNR-100%
Holdings
- Townebank Portsmouth VATOWN
- Share
- 0.6%
- Value
- $2m
- Shares
- 47,121
Held
- Summit ST BK Santa Rosa CaliSSBI
- Share
- 0.4%
- Value
- $984,119
- Shares
- 72,575
Held
- First TR Exchange-Traded FDFDL
- Share
- <0.1%
- Value
- $231,281
- Shares
- 4,753
Held
- Cresud S A C I F Y ACRESY
- Share
- <0.1%
- Value
- $112,100
- Shares
- 10,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Bank of AmericaBAC | 31.3% | $85m | 1,495,610 | -29% |
| CitigroupC | 8.2% | $22m | 158,427 | -78% |
| Pinnacle Financial PartnersPNFP | 5.5% | $15m | 148,566 | New |
| Peapack Gladstone FinancialPGC | 3.8% | $10m | 216,632 | -15% |
| Capital One FinancialCOF | 3.7% | $10m | 49,996 | +256% |
| SmartfinancialSMBK | 3.6% | $10m | 211,013 | Held |
| Banc of CaliforniaBANC | 3.5% | $10m | 468,559 | -20% |
| Primis FinancialFRST | 2.8% | $8m | 471,795 | -32% |
| Wells Fargo & CompanyWFC | 2.6% | $7m | 84,289 | -41% |
| Seacoast Banking Corp of FloridaSBCF | 2.3% | $6m | 191,867 | Held |
| Firstsun Capital BancorpFSUN | 2.0% | $5m | 140,987 | Held |
| Western Alliance BancorporationWAL | 1.7% | $4m | 54,721 | Held |
| HomeTrust BancsharesHTB | 1.4% | $4m | 78,725 | Held |
| Provident Financial ServicesPFS | 1.3% | $4m | 152,203 | Held |
| First HorizonFHN | 1.2% | $3m | 131,446 | -53% |
| SouthState BankSSB | 1.2% | $3m | 31,581 | Held |
| FB FinancialFBK | 1.1% | $3m | 55,665 | Held |
| Fifth Third BancorpFITB | 1.0% | $3m | 50,194 | +2% |
| Truist FinancialTFC | 1.0% | $3m | 53,937 | Held |
| Third Coast BancsharesTCBX | 0.9% | $3m | 61,899 | +52% |
| Commerce BancsharesCBSH | 0.9% | $2m | 42,916 | Held |
| PNC Financial Services GroupPNC | 0.9% | $2m | 9,598 | Held |
| ConnectOne BancorpCNOB | 0.8% | $2m | 66,680 | Held |
| Dime Commercial BancsharesDCOM | 0.8% | $2m | 54,202 | -13% |
| Huntington BancsharesHBAN | 0.8% | $2m | 119,107 | Held |
| Virginia National BanksharesVABK | 0.7% | $2m | 45,672 | Held |
| Regions FinancialRF | 0.7% | $2m | 66,450 | Held |
| Hancock WhitneyHWC | 0.7% | $2m | 24,232 | Held |
| Metropolitan Bank HoldingMCB | 0.7% | $2m | 17,974 | Held |
| Townebank Portsmouth VATOWN | 0.6% | $2m | 47,121 | Held |
| Shore BancsharesSHBI | 0.6% | $2m | 72,357 | Held |
| Unity BancorpUNTY | 0.6% | $2m | 25,674 | +32% |
| Citizens Financial GroupCFG | 0.6% | $1m | 21,391 | -82% |
| Wsfs FinancialWSFS | 0.5% | $1m | 19,329 | Held |
| Burke & Herbert Financial ServicesBHRB | 0.5% | $1m | 20,219 | +250% |
| Uscb Financial HoldingsUSCB | 0.5% | $1m | 62,629 | +19% |
| CF BanksharesCFBK | 0.5% | $1m | 39,003 | Held |
| Amerant BancorpAMTB | 0.5% | $1m | 50,000 | +150% |
| Hanmi FinancialHAFC | 0.5% | $1m | 38,201 | -29% |
| QCR HoldingsQCRH | 0.4% | $1m | 12,083 | Held |
| South Plains FinancialSPFI | 0.4% | $1m | 26,431 | +17% |
| JPMorgan ChaseJPM | 0.4% | $1m | 3,215 | Held |
| AppleAAPL | 0.4% | $989,032 | 3,418 | Held |
| Summit ST BK Santa Rosa CaliSSBI | 0.4% | $984,119 | 72,575 | Held |
| CoastalSouth BancsharesCOSO | 0.3% | $887,285 | 33,046 | Held |
| PopularBPOP | 0.3% | $856,117 | 5,215 | Held |
| Morgan StanleyMS | 0.3% | $853,092 | 4,081 | Held |
| Columbia Banking SystemCOLB | 0.3% | $727,086 | 22,686 | Held |
| CB Financial ServicesCBFV | 0.3% | $716,424 | 18,903 | Held |
| Atlantic Union BanksharesAUB | 0.3% | $701,415 | 16,578 | Held |
| Ameris BancorpABCB | 0.2% | $665,758 | 7,376 | Held |
| United Community BanksUCB | 0.2% | $597,653 | 17,032 | Held |
| MetLifeMET | 0.2% | $582,624 | 6,886 | Held |
| Orrstown Financial ServicesORRF | 0.2% | $560,759 | 13,734 | Held |
| Civista BancsharesCIVB | 0.2% | $548,032 | 19,420 | Held |
| Valley National BancorpVLY | 0.2% | $501,030 | 34,200 | -79% |
| Zions Bancorporation, National AssociationZION | 0.2% | $498,168 | 7,200 | Held |
| KeycorpKEY | 0.2% | $495,898 | 21,514 | -89% |
| UWM HoldingsUWMC | 0.2% | $419,930 | 183,375 | -68% |
| AT&TT | 0.1% | $403,609 | 19,498 | Held |
| Madison Square Garden SportsMSGS | 0.1% | $398,625 | 992 | Held |
| Bristol-Myers SquibbBMY | 0.1% | $348,774 | 6,053 | -49% |
| Verizon CommunicationsVZ | 0.1% | $318,736 | 7,528 | Held |
| Green DOTGDOT | 0.1% | $313,500 | 23,205 | New |
| AllstateALL | 0.1% | $306,229 | 1,287 | Held |
| Hartford Insurance GroupHIG | 0.1% | $297,640 | 2,246 | Held |
| Black HillsBKH | 0.1% | $290,160 | 3,900 | New |
| Independent BankINDB | 0.1% | $289,839 | 3,462 | Held |
| ChubbCB | 0.1% | $280,770 | 824 | Held |
| VisaV | 0.1% | $274,472 | 800 | Held |
| Kinetik HoldingsKNTK | <0.1% | $256,202 | 5,300 | New |
| Cisco SystemsCSCO | <0.1% | $234,920 | 2,000 | New |
| First TR Exchange-Traded FDFDL | <0.1% | $231,281 | 4,753 | Held |
| Travelers CompaniesTRV | <0.1% | $231,084 | 700 | Held |
| Sphere EntertainmentSPHR | <0.1% | $227,361 | 1,314 | New |
| Colony BankcorpCBAN | <0.1% | $200,900 | 10,000 | New |
| Blue Ridge BanksharesBRBS | <0.1% | $197,680 | 56,000 | New |
| Cresud S A C I F Y ACRESY | <0.1% | $112,100 | 10,000 | Held |
| American International GroupAIG | <0.1% | $9,725 | 130 | New |
Options (10)
- CitigroupC
- Type
- Call
- Value
- $13m
- Contracts
- 408,900
- Bank of AmericaBAC
- Type
- Call
- Value
- $4m
- Contracts
- 476,000
- Citizens Financial GroupCFG
- Type
- Call
- Value
- $780,000
- Contracts
- 100,000
- Wells Fargo & CompanyWFC
- Type
- Call
- Value
- $756,000
- Contracts
- 60,000
- KeycorpKEY
- Type
- Call
- Value
- $617,600
- Contracts
- 160,400
- Banc of CaliforniaBANC
- Type
- Call
- Value
- $350,000
- Contracts
- 200,000
- First HorizonFHN
- Type
- Call
- Value
- $240,000
- Contracts
- 150,000
- UWM HoldingsUWMC
- Type
- Call
- Value
- $139,250
- Contracts
- 725,000
- American International GroupAIG
- Type
- Call
- Value
- $108,000
- Contracts
- 30,000
- Valley National BancorpVLY
- Type
- Call
- Value
- $52,500
- Contracts
- 50,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| CitigroupC | Call | $13m | 408,900 |
| Bank of AmericaBAC | Call | $4m | 476,000 |
| Citizens Financial GroupCFG | Call | $780,000 | 100,000 |
| Wells Fargo & CompanyWFC | Call | $756,000 | 60,000 |
| KeycorpKEY | Call | $617,600 | 160,400 |
| Banc of CaliforniaBANC | Call | $350,000 | 200,000 |
| First HorizonFHN | Call | $240,000 | 150,000 |
| UWM HoldingsUWMC | Call | $139,250 | 725,000 |
| American International GroupAIG | Call | $108,000 | 30,000 |
| Valley National BancorpVLY | Call | $52,500 | 50,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 71.5% since 30 June 2025.
Where the money is
Financial services97.6%
Technology0.5%
Media & telecom0.3%
Retail & consumer0.2%
Utilities0.2%
Health care0.1%
Other1.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.