SALZHAUER MICHAEL
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| BANK OF AMER CORP CALL | BAC | $72.0M | 1,246,918 | -1.76pp | 32q | -16.6%-$14.4M | |
| CITIGROUP INC CALL | C | $27.8M | 166,490 | -0.90pp | 25q | +5.1%+$1.3M | |
| PINNACLE FINL PARTNERS INC CALL | PNFP | $15.4M | 164,269 | +1.05pp | 2q | +10.6%+$1.5M | |
| CAPITAL ONE FINL CORP | COF | $9.8M | 50,611 | +0.49pp | 9q | +1.2%+$118.7K | |
| PEAPACK-GLADSTONE FINL CORP | PGC | $8.8M | 201,278 | +0.02pp | 32q | -7.1%-$669.7K | |
| BANC OF CALIFORNIA INC CALL | BANC | $7.2M | 411,386 | -0.51pp | 20q | -12.2%-$999.0K | |
| WELLS FARGO & CO CALL | WFC | $7.1M | 81,660 | +0.22pp | 25q | -3.1%-$229.5K | |
| SMARTFINANCIAL INC | SMBK | $7.0M | 140,895 | -0.58pp | 32q | -33.2%-$3.5M | |
| PRIMIS FINANCIAL CORP | FRST | $6.9M | 450,565 | +0.12pp | 23q | -4.5%-$324.4K | |
| SEACOAST BKG CORP FLA | SBCF | $5.7M | 179,767 | +0.12pp | 32q | -6.3%-$385.1K | |
| WESTERN ALLIANCE BANCORP | WAL | $4.1M | 55,040 | +0.12pp | 12q | +0.6%+$24.0K | |
| FIRSTSUN CAP BANCORP | FSUN | $3.8M | 98,843 | -0.34pp | 8q | -29.9%-$1.6M | |
| HOMETRUST BANCSHARES INC | HTB | $3.4M | 74,412 | +0.02pp | 32q | -5.5%-$197.4K | |
| PROVIDENT FINL SVCS INC | PFS | $3.3M | 150,682 | +0.11pp | 26q | -1.0%-$33.7K | |
| THIRD COAST BANCSHARES INC | TCBX | $3.1M | 72,112 | +0.37pp | 19q | +16.5%+$432.9K | |
| SOUTHSTATE BK CORP | SSB | $3.0M | 30,214 | +0.13pp | 5q | -4.3%-$136.1K | |
| FB FINL CORP | FBK | $2.9M | 55,665 | +0.10pp | 10q | HELD | |
| FIRST HORIZON CORPORATION CALL | FHN | $2.8M | 119,111 | -0.13pp | 14q | -9.4%-$285.5K | |
| FIFTH THIRD BANCORP | FITB | $2.5M | 50,191 | +0.05pp | 3q | HELD | |
| TRUIST FINL CORP | TFC | $2.5M | 53,934 | +0.08pp | 28q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $2.1M | 9,598 | +0.05pp | 32q | HELD | |
| VIRGINIA NATL BANKSHARES CORCOM | VABK | $2.1M | 44,277 | +0.15pp | 22q | -3.1%-$66.5K | |
| CONNECTONE BANCORP INC | CNOB | $2.0M | 66,480 | +0.04pp | 32q | HELD | |
| DIME CMNTY BANCSHARES INC | DCOM | $1.9M | 49,187 | +0.02pp | 23q | -9.3%-$197.7K | |
| HUNTINGTON BANCSHARES INC CALL | HBAN | $1.9M | 117,234 | +0.02pp | 32q | -1.6%-$29.6K | |
| PRIVATE BANCORP OF AMER INC | PBAM | $1.8M | 21,197 | - | new | NEW | |
| COMMERCE BANCSHARES INC | CBSH | $1.8M | 32,916 | -0.12pp | 3q | -23.3%-$547.4K | |
| REGIONS FINANCIAL CORP NEW | RF | $1.8M | 66,328 | +0.03pp | 32q | HELD | |
| HANCOCK WHITNEY CORPORATION | HWC | $1.7M | 24,217 | +0.08pp | 21q | HELD | |
| BURKE HERBERT FINL SVCS CORP | BHRB | $1.7M | 24,121 | +0.17pp | 3q | +19.3%+$267.7K | |
| SHORE BANCSHARES INC | SHBI | $1.6M | 72,157 | +0.08pp | 22q | HELD | |
| CITIZENS FINL GROUP INC CALL | CFG | $1.6M | 21,091 | -0.14pp | 23q | -1.4%-$22.7K | |
| UNITY BANCORP INC | UNTY | $1.5M | 27,774 | +0.09pp | 4q | +8.2%+$113.9K | |
| TOWNEBANK PORTSMOUTH VA | TOWN | $1.5M | 42,121 | +0.02pp | 32q | -10.6%-$178.3K | |
| WSFS FINL CORP | WSFS | $1.5M | 19,329 | +0.08pp | 31q | HELD | |
| AMERANT BANCORP INC | AMTB | $1.4M | 50,000 | +0.14pp | 4q | HELD | |
| USCB FINANCIAL HOLDINGS INC | USCB | $1.4M | 62,229 | +0.11pp | 11q | -0.6%-$8.7K | |
| CF BANKSHARES INC | CFBK | $1.3M | 39,003 | +0.09pp | 22q | HELD | |
| METROPOLITAN BK HLDG CORP | MCB | $1.3M | 14,924 | -0.09pp | 12q | -17.0%-$265.7K | |
| QCR HOLDINGS INC | QCRH | $1.2M | 12,083 | +0.07pp | 18q | HELD | |
| APPLE INC | AAPL | $1.1M | 3,418 | +0.12pp | 26q | HELD | |
| JPMORGAN CHASE & CO | JPM | $1.1M | 3,201 | +0.07pp | 32q | HELD | |
| SUMMIT STATE BANK | SSBI | $891.9K | 72,575 | +0.02pp | 32q | HELD | |
| COASTALSOUTH BANCSHARES INC | COSO | $866.5K | 33,046 | +0.04pp | 5q | HELD | |
| POPULAR INC | BPOP | $799.2K | 5,142 | +0.03pp | 32q | -1.4%-$11.3K | |
| MORGAN STANLEY | MS | $767.6K | 4,081 | +0.02pp | 32q | HELD | |
| CB FINL SVCS INC | CBFV | $696.0K | 18,903 | +0.03pp | 32q | HELD | |
| SOUTH PLAINS FINANCIAL INC | SPFI | $691.6K | 16,573 | -0.11pp | 11q | -37.3%-$411.4K | |
| HANMI FINL CORP | HAFC | $664.6K | 21,507 | -0.16pp | 11q | -43.7%-$515.8K | |
| METLIFE INC | MET | $648.4K | 6,886 | +0.06pp | 24q | HELD | |
| KEYCORP CALL | KEY | $626.7K | 21,332 | -0.13pp | 32q | -0.8%-$5.3K | |
| COLUMBIA BKG SYS INC | COLB | $606.3K | 21,198 | -0.01pp | 24q | -6.6%-$42.6K | |
| AMERIS BANCORP | ABCB | $582.5K | 7,325 | +0.01pp | 32q | -0.7%-$4.1K | |
| UNITED CMNTY BKS BLAIRSVLE G | UCB | $568.0K | 17,032 | +0.02pp | 25q | HELD | |
| ORRSTOWN FINL SVCS INC | ORRF | $557.3K | 13,734 | +0.03pp | 9q | HELD | |
| VALLEY NATL BANCORP CALL | VLY | $536.2K | 40,900 | +0.03pp | 5q | +19.6%+$87.8K | |
| AT&T INC | T | $475.8K | 19,498 | +0.05pp | 7q | HELD | |
| ZIONS BANCORPORATION NATL AS | ZION | $451.1K | 7,200 | +0.01pp | 14q | HELD | |
| ATLANTIC UN BANKSHARES CORP | AUB | $450.5K | 11,872 | -0.06pp | 14q | -28.4%-$178.6K | |
| MADISON SQUARE GRDN SPRT COR | MSGS | $402.0K | 992 | +0.03pp | 6q | HELD | |
| BRISTOL-MYERS SQUIBB CO | BMY | $377.7K | 6,053 | +0.03pp | 9q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $345.3K | 7,528 | +0.03pp | 6q | HELD | |
| VISA INC | V | $287.5K | 800 | +0.02pp | 12q | HELD | |
| HARTFORD INSURANCE GROUP INC | HIG | $274.8K | 2,246 | +0.01pp | 11q | HELD | |
| BLACK HILLS CORP | BKH | $273.3K | 3,900 | +0.01pp | 2q | HELD | |
| INDEPENDENT BK CORP MASS | INDB | $268.8K | 3,462 | +0.01pp | 9q | HELD | |
| CHUBB LIMITED | CB | $268.0K | 824 | +0.01pp | 11q | HELD | |
| Kinetik Holdings Inc | KNTK | $266.1K | 5,300 | +0.02pp | 2q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $249.6K | 700 | +0.02pp | 5q | HELD | |
| CISCO SYS INC CALL | CSCO | $248.2K | 2,000 | +0.02pp | 2q | HELD | |
| FIRST TR EXCHANGE-TRADED FD | FDL | $229.6K | 4,676 | +0.01pp | 5q | -1.6%-$3.8K | |
| UWM HOLDINGS CORPORATION CALL | UWMC | $173.6K | 96,253 | -0.12pp | 8q | -47.5%-$157.1K | |
| CRESUDSACIFYA | CRESY | $115.1K | 10,000 | +0.01pp | 4q | HELD | |
| American Int'l Group, Inc. CALL | AIG | $65.2K | 130 | -0.01pp | 2q | HELD | |
| FLAGSTAR BANK NATIONAL ASSOC CALL | FLG | $60.0K | options only | - | new | OPTIONS |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $240.3M | 96.5% |
| Other sectors | $6.2M | 2.5% |
| Not classified | $2.6M | 1.1% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -5.1% | +2.1% | -7.2% | 93% |
| Q1 2026 | -4.7% | -4.6% | -0.1% | 88% |
| Q4 2025 | +6.9% | +2.4% | +4.6% | 94% |
| Q3 2025 | +7.2% | +7.8% | -0.7% | 93% |
| Q1 2025 | -4.7% | -4.6% | -0.1% | 127% |
| Q4 2024 | +8.3% | +2.1% | +6.2% | 96% |
| Q3 2024 | +12.0% | +5.4% | +6.6% | 96% |
| Q2 2024 | -1.2% | +4.0% | -5.3% | 94% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $249.1M | 75 | 2 | 8 | 29 | 6 | 67.3% | 28 |
| Q2 2026 | $292.4M | 79 | 9 | 9 | 20 | 5 | 69.0% | 20 |
| Q1 2026 | $212.2M | 75 | 4 | 26 | 10 | 11 | 66.9% | 35 |
| Q4 2025 | $244.3M | 82 | 6 | 12 | 10 | 11 | 67.3% | 33 |
| Q3 2025 | $208.4M | 87 | 16 | 18 | 12 | 3 | 65.9% | 20 |
| Q2 2025 | $170.9M | 74 | 5 | 10 | 36 | 9 | 62.2% | 45 |
| Q1 2025 | $163.7M | 78 | 2 | 19 | 11 | 4 | 60.4% | 23 |
| Q4 2024 | $195.4M | 80 | 6 | 18 | 13 | 6 | 64.9% | 44 |
| Q3 2024 | $163.3M | 80 | 9 | 11 | 12 | 5 | 61.5% | 38 |
| Q2 2024 | $128.6M | 76 | 2 | 18 | 9 | 7 | 60.1% | 40 |
| Q1 2024 | $131.0M | 81 | 11 | 16 | 7 | 6 | 60.9% | 26 |
| Q4 2023 | $117.7M | 76 | 11 | 9 | 40 | 3 | 62.1% | 45 |
| Q3 2023 | $94.0M | 68 | 3 | 7 | 31 | 8 | 62.0% | 39 |
| Q2 2023 | $95.9M | 73 | 5 | 11 | 28 | 20 | 63.4% | 39 |
| Q1 2023 | $113.3M | 88 | 4 | 11 | 16 | 14 | 55.7% | 35 |
| Q4 2022 | $170.6M | 98 | 9 | 14 | 14 | 6 | 59.6% | 39 |
| Q3 2022 | $163.6M | 95 | 4 | 17 | 3 | 12 | 59.1% | 34 |
| Q2 2022 | $166.7M | 103 | 3 | 8 | 26 | 8 | 58.4% | 36 |
| Q1 2022 | $226.5M | 108 | 10 | 13 | 9 | 13 | 62.0% | 40 |
| Q4 2021 | $263.7M | 111 | 12 | 37 | 11 | 12 | 64.0% | 35 |
| Q3 2021 | $243.6M | 111 | 11 | 15 | 6 | 9 | 63.8% | 43 |
| Q2 2021 | $227.7M | 109 | 15 | 20 | 4 | 3 | 64.7% | 37 |
| Q1 2021 | $194.7M | 97 | 18 | 25 | 1 | 5 | 60.0% | 42 |
| Q4 2020 | $140.4M | 84 | 8 | 16 | 10 | 3 | 59.4% | 29 |
| Q3 2020 | $89.5M | 79 | 9 | 13 | 9 | 9 | 58.6% | 40 |
| Q2 2020 | $76.3M | 79 | 7 | 24 | 9 | 17 | 52.4% | 36 |
| Q1 2020 | $58.8M | 89 | 2 | 0 | 86 | 28 | 43.9% | 35 |
| Q4 2019 | $428.3M | 115 | 9 | 105 | 0 | 5 | 48.7% | 41 |
| Q3 2019 | $191.9M | 111 | 5 | 7 | 14 | 12 | 47.7% | 37 |
| Q2 2019 | $218.1M | 118 | 7 | 10 | 4 | 12 | 52.9% | 51 |
| Q1 2019 | $203.9M | 123 | 6 | 23 | 11 | 8 | 51.9% | 40 |
| Q4 2018 | $181.7M | 125 | 0 | 0 | 0 | 0 | 50.3% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.