SALZHAUER MICHAEL
Sector Allocation
- Financials95.8%$227.3M
- Other2.7%$6.4M
- Technology0.6%$1.4M
- Communication Services0.5%$1.2M
- Healthcare0.2%$377,707
- Utilities0.1%$273,312
- Energy0.1%$266,060
- Real Estate0.1%$115,100
AUM History
13fpro.ai/research/fund/salzhauer-michael-1059543
Conviction and streaks
Diversifying · top 10 = 66.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
BAC
$67.9MC
$21.6MPNFP
$15.4MCOF
$9.8MPGC
$8.8MBANC
$7.1MSMBK
$7.0MFRST
$6.9MWFC
$6.5MSBCF
$5.7MWAL
$4.1MFSUN
$3.8MHTB
$3.4MPFS
$3.3MTCBX
$3.1MSSB
$3.0MFBK
$2.9MFHN
$2.7MFITB
$2.5MTFC
$2.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/salzhauer-michael-1059543
SALZHAUER MICHAEL 13F holdings — Q3 2026
$249.1M portfolio (-14.8% QoQ) · 88 holdings · Q3 2026 13F · top 10 are 66% of the stock portfolio
Includes $11.8M of put/call options ($0 puts, $11.8M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $237.3M. Weights use the stock portfolio.
$67.9M
28.6% of stocks
-17%This quarter-6.9%Since Q-end7+ qtrsHeldAIQuality68.6#292Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$21.6M
9.1% of stocks
+5%This quarter-5.2%Since Q-end7+ qtrsHeld$15.4M
6.5% of stocks
+11%This quarter+6.5%Since Q-end2 qtrsHeldAIQuality54.3#1,334Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$9.8M
4.1% of stocks
+1%This quarter+5.4%Since Q-end7+ qtrsHeld$8.8M
3.7% of stocks
-7%This quarter+5.3%Since Q-end7+ qtrsHeldAIQuality62.8#670Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$7.1M
3.0% of stocks
-12%This quarter+5.9%Since Q-end7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$7.0M
2.9% of stocks
-33%This quarter-1.5%Since Q-end7+ qtrsHeld$6.9M
2.9% of stocks
-4%This quarter-2.9%Since Q-end7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 4 qtrs in a row$6.5M
2.8% of stocks
-3%This quarter+3.3%Since Q-end7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$5.7M
2.4% of stocks
-6%This quarter+6.0%Since Q-end7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
All holdings — SALZHAUER MICHAEL (Q3 2026)
88 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | CITIGROUP INC | Financials | $6.2M | — | 359K | -12% | — | — | 13F | |
| 12 | BANK OF AMERICA CORP /DE/ | Financials | $4.1M | — | 1.09M | +129% | — | — | 13F | |
| 13 | WESTERN ALLIANCE BANCORPORATION | Financials | $4.1M | 1.7% | 55K | +0.6% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | FIRSTSUN CAPITAL BANCORP | Financials | $3.8M | 1.6% | 99K | -30% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | HomeTrust Bancshares, Inc. | Financials | $3.4M | 1.4% | 74K | -5% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | PROVIDENT FINANCIAL SERVICES INC | Financials | $3.3M | 1.4% | 151K | -1.0% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Third Coast Bancshares, Inc. | Financials | $3.1M | 1.3% | 72K | +16% | 7+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | SouthState Bank Corp | Financials | $3.0M | 1.3% | 30K | -4% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | FB Financial Corp | Financials | $2.9M | 1.2% | 56K | — | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | FIRST HORIZON CORP | Financials | $2.7M | 1.2% | 119K | -9% | 7+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | FIFTH THIRD BANCORP | Financials | $2.5M | 1.1% | 50K | -0.0% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | TRUIST FINANCIAL CORP | Financials | $2.5M | 1.1% | 54K | -0.0% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $2.1M | 0.9% | 9,598 | — | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Virginia National Bankshares Corp | Financials | $2.1M | 0.9% | 44K | -3% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | ConnectOne Bancorp, Inc. | Financials | $2.0M | 0.8% | 66K | -0.3% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | — | DIME COML BANCSHARES INC - COM | — | $1.9M | 0.8% | 49K | -9% | |||
| 27 | — | PRIVATE BANCORP OF AMER INC - COM | — | $1.8M | 0.8% | 21K | New | |||
| 28 | $CBSH | COMMERCE BANCSHARES INC /MO/ | Financials | $1.8M | 0.8% | 33K | -23% | |||
| 29 | $HBAN | HUNTINGTON BANCSHARES INC /MD/ | Financials | $1.8M | 0.8% | 117K | -2% | |||
| 30 | $RF | REGIONS FINANCIAL CORP | Financials | $1.8M | 0.8% | 66K | -0.2% | |||
| 31 | $HWC | HANCOCK WHITNEY CORP | Financials | $1.7M | 0.7% | 24K | -0.1% | |||
| 32 | $BHRB | Burke & Herbert Financial Services Corp. | Financials | $1.7M | 0.7% | 24K | +19% | |||
| 33 | $SHBI | SHORE BANCSHARES INC | Financials | $1.6M | 0.7% | 72K | -0.3% | |||
| 34 | $UNTY | UNITY BANCORP INC /NJ/ | Financials | $1.5M | 0.6% | 28K | +8% | |||
| 35 | — | TOWNEBANK PORTSMOUTH VA - COM | — | $1.5M | 0.6% | 42K | -11% | |||
| 36 | $WSFS | WSFS FINANCIAL CORP | Financials | $1.5M | 0.6% | 19K | — | |||
| 37 | $AMTB | Amerant Bancorp Inc. | Financials | $1.4M | 0.6% | 50K | — | |||
| 38 | $USCB | USCB FINANCIAL HOLDINGS, INC. | Financials | $1.4M | 0.6% | 62K | -0.6% | |||
| 39 | $CFG | CITIZENS FINANCIAL GROUP INC/RI | Financials | $1.3M | 0.6% | 21K | -1% | |||
| 40 | $CFBK | CF BANKSHARES INC. | Financials | $1.3M | 0.6% | 39K | — | |||
| 41 | $MCB | Metropolitan Bank Holding Corp. | Financials | $1.3M | 0.6% | 15K | -17% | |||
| 42 | $QCRH | QCR HOLDINGS INC | Financials | $1.2M | 0.5% | 12K | — | |||
| 43 | $AAPL | Apple Inc. | Technology | $1.1M | 0.5% | 3,418 | — | |||
| 44 | $JPM | JPMORGAN CHASE & CO | Financials | $1.1M | 0.5% | 3,201 | -0.4% | |||
| 45 | — | SUMMIT ST BK SANTA ROSA CALI - COM | — | $892K | 0.4% | 73K | — | |||
| 46 | $COSO | CoastalSouth Bancshares, Inc. | Financials | $866K | 0.4% | 33K | — | |||
| 47 | $BPOP | POPULAR, INC. | Financials | $799K | 0.3% | 5,142 | -1% | |||
| 48 | $MS | MORGAN STANLEY | Financials | $768K | 0.3% | 4,081 | — | |||
| 49 | $CBFV | CB Financial Services, Inc. | Financials | $696K | 0.3% | 19K | — | |||
| 50 | $SPFI | SOUTH PLAINS FINANCIAL, INC. | Financials | $692K | 0.3% | 17K | -37% | |||
| 51 | $HAFC | HANMI FINANCIAL CORP | Financials | $665K | 0.3% | 22K | -44% | |||
| 52 | $MET | METLIFE INC | Financials | $648K | 0.3% | 6,886 | — | |||
| 53 | $COLB | COLUMBIA BANKING SYSTEM, INC. | Financials | $606K | 0.3% | 21K | -7% | |||
| 54 | $WFC CALL | WELLS FARGO & COMPANY/MN | Financials | $591K | — | 60K | — | |||
| 55 | $ABCB | Ameris Bancorp | Financials | $582K | 0.3% | 7,325 | -0.7% | |||
| 56 | $UCB | UNITED COMMUNITY BANKS INC | Financials | $568K | 0.2% | 17K | — | |||
| 57 | $ORRF | ORRSTOWN FINANCIAL SERVICES INC | Financials | $557K | 0.2% | 14K | — | |||
| 58 | $VLY | VALLEY NATIONAL BANCORP | Financials | $516K | 0.2% | 41K | +20% | |||
| 59 | $T | AT&T INC. | Communication Services | $476K | 0.2% | 19K | — | |||
| 60 | $ZION | ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ | Financials | $451K | 0.2% | 7,200 | — | |||
| 61 | $AUB | Atlantic Union Bankshares Corp | Financials | $451K | 0.2% | 12K | -28% | |||
| 62 | $KEY | KEYCORP /NEW/ | Financials | $428K | 0.2% | 21K | -0.8% | |||
| 63 | $MSGS | Madison Square Garden Sports Corp. | Communication Services | $402K | 0.2% | 992 | — | |||
| 64 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $378K | 0.2% | 6,053 | — | |||
| 65 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $345K | 0.1% | 7,528 | — | |||
| 66 | $V | VISA INC. | Financials | $287K | 0.1% | 800 | — | |||
| 67 | $HIG | HARTFORD INSURANCE GROUP, INC. | Financials | $275K | 0.1% | 2,246 | — | |||
| 68 | $BKH | BLACK HILLS CORP /SD/ | Utilities | $273K | 0.1% | 3,900 | — | |||
| 69 | $INDB | INDEPENDENT BANK CORP | Financials | $269K | 0.1% | 3,462 | — | |||
| 70 | $CB | Chubb Ltd | Financials | $268K | 0.1% | 824 | — | |||
| 71 | $KNTK | Kinetik Holdings Inc. | Energy | $266K | 0.1% | 5,300 | — | |||
| 72 | $CFG CALL | CITIZENS FINANCIAL GROUP INC/RI | Financials | $250K | — | 100K | — | |||
| 73 | $TRV | TRAVELERS COMPANIES, INC. | Financials | $250K | 0.1% | 700 | — | |||
| 74 | — | FIRST TR EXCHANGE-TRADED FD - SHS | — | $230K | 0.1% | 4,676 | -2% | |||
| 75 | $CSCO | CISCO SYSTEMS, INC. | Technology | $215K | 0.1% | 2,000 | — | |||
| 76 | $KEY CALL | KEYCORP /NEW/ | Financials | $199K | — | 160K | — | |||
| 77 | $CRESY | CRESUD INC | Real Estate | $115K | 0.1% | 10K | — | |||
| 78 | $UWMC | UWM Holdings Corp | Financials | $114K | 0.1% | 96K | -48% | |||
| 79 | $BANC CALL | BANC OF CALIFORNIA, INC. | Financials | $100K | — | 200K | — | |||
| 80 | $HBAN CALL | HUNTINGTON BANCSHARES INC /MD/ | Financials | $62K | — | 82K | New | |||
| 81 | $UWMC CALL | UWM Holdings Corp | Financials | $60K | — | 200K | -72% | |||
| 82 | $FLG CALL | FLAGSTAR BANK, NATIONAL ASSOCIATION | Financials | $60K | — | 80K | New | |||
| 83 | $AIG CALL | AMERICAN INTERNATIONAL GROUP, INC. | Financials | $56K | — | 30K | — | |||
| 84 | $CSCO CALL | CISCO SYSTEMS, INC. | Technology | $33K | — | 7,000 | New | |||
| 85 | $VLY CALL | VALLEY NATIONAL BANCORP | Financials | $20K | — | 200K | +300% | |||
| 86 | $FHN CALL | FIRST HORIZON CORP | Financials | $15K | — | 150K | — | |||
| 87 | $AIG | AMERICAN INTERNATIONAL GROUP, INC. | Financials | $10K | 0.0% | 130 | — | |||
| 88 | $PNFP CALL | Pinnacle Financial Partners, Inc. | Financials | $2K | — | 3,100 | New |
What changed in Q3 2026
Against the previous quarter's 13F: 5 new, 10 added to, 38 trimmed, 6 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
- PRIVATE BANCORP OF AMER INC - COM$1.8M
first bought this quarter
$HBANCALLHUNTINGTON BANCSHARES INC /MD/$62K
first bought this quarter
$FLGCALLFLAGSTAR BANK, NATIONAL ASSOCIATION$60K
first bought this quarter
$CSCOCALLCISCO SYSTEMS, INC.$33K
first bought this quarter
first bought this quarter
Added to (10)
now $4.1M
now $15.4M · held 2 qtrs, 2 adds in a row
now $21.6M · held 7+ qtrs
now $3.1M · held 7+ qtrs, 3 adds in a row
$BHRBBurke & Herbert Financial Services Corp.+19%
now $1.7M · held 3 qtrs, 3 adds in a row
now $9.8M · held 7+ qtrs, 3 adds in a row
+4 more in the Excel export
Trimmed (38)
now $67.9M · held 7+ qtrs, 2 trims in a row
now $7.0M · held 7+ qtrs
now $3.8M · held 7+ qtrs
now $7.1M · held 7+ qtrs, 2 trims in a row
now $6.2M
now $8.8M · held 7+ qtrs, 3 trims in a row
+32 more in the Excel export
Holdings by quarter
Every 13F SALZHAUER MICHAEL has filed, 38 earlier quarters. Pick one to see what it held then.
Is it too late to follow SALZHAUER MICHAEL?
Holdings as of Sep 30, 2026 (SEC filing). Prices are closing prices as of Oct 27, 2026.
Average quality of SALZHAUER MICHAEL's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since quarter-end
-2.0%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 30% over the last 4
Top 10 weight
66%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
90%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
SALZHAUER MICHAEL disclosed 88 positions worth $249.1M in its Form 13F-HR for Q3 2026 — $237.3M in common stock plus $11.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $BAC (BANK OF AMERICA CORP /DE/) at 28.6% of the equity portfolio, followed by $C and $PNFP. During the quarter the fund opened 5 new positions and exited 6 and a full exit from $CIVB. The portfolio is most concentrated in Financials (95.8% of disclosed assets). All figures are sourced directly from SALZHAUER MICHAEL’s Form 13F-HR filing with the SEC under CIK 1059543.
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