SALZHAUER MICHAEL

CIK

1059543

Location

NEW YORK, NY

Portfolio Value

Small $330,955,904

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,960 / 8,232 ▲ 293

Top Industry

Banks - Diversified 59.8%

3Y Alpha vs SPY

+5.3%

Period ended 2 months ago

Filed May 5, 2026 · 40d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+100.5%

SPY

+76.3%

Annualised alpha

+5.3%

Max drawdown

−26.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

71 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

31.1%

−2.1 pts

Top 5

65.4%

+4.5 pts

Top 10

76.5%

+3.7 pts

HHI

1,659

Moderately concentrated+184

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	98.9%	$327,437,832	63
Communication Services	0.5%	$1,604,184	4
Healthcare	0.3%	$919,234	2
Technology	0.3%	$867,454	1
Industrials	0.0%	$127,200	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
C	Citigroup Inc	+283,604	727,806	$82,540,478
BAC	Bank Of America Corp /De/	+262,090	2,110,909	$102,906,813
UWMC	UWM Holdings Corp	+62,144	564,388	$2,043,084
WFC	Wells Fargo & Company/Mn	+54,600	142,860	$11,373,084
CFG	Citizens Financial Group Inc/Ri	+45,000	121,391	$7,279,818
BANC	Banc Of California, Inc.	+36,611	588,756	$10,350,330
LNKB	LINKBANCORP, Inc.	+27,300	81,685	$681,252
KEY	Keycorp /New/	+26,300	201,914	$4,048,375
PFS	Provident Financial Services Inc	+24,000	152,203	$3,220,615
CFBK	Cf Bankshares Inc.	+12,239	39,003	$1,088,573
VLY	Valley National Bancorp	+10,000	160,000	$1,964,800
WAL	Western Alliance Bancorporation	+7,538	54,209	$3,840,707
HAFC	Hanmi Financial Corp	+7,239	54,171	$1,427,947
USCB	Uscb Financial Holdings, Inc.	+6,900	52,629	$975,741
FHN	First Horizon Corp	+6,285	282,058	$6,419,640
VABK	Virginia National Bankshares Corp	+4,639	45,672	$1,744,670
HBAN	Huntington Bancshares Inc /Md/	+3,000	119,107	$1,864,024
ZION	Zions Bancorporation, National Association /Ut/	+2,000	7,200	$414,864
COF	Capital One Financial Corp	+1,170	14,038	$2,560,952
HWC	Hancock Whitney Corp	+1,100	24,232	$1,540,912
TCBX	Third Coast Bancshares, Inc.	+478	40,753	$1,541,685
CNOB	ConnectOne Bancorp, Inc.	+339	67,430	$1,805,101
COSO	CoastalSouth Bancshares, Inc.	+300	33,046	$812,601
SHBI	Shore Bancshares Inc	+300	72,357	$1,351,628
HTB	HomeTrust Bancshares, Inc.	+200	78,725	$3,357,621
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
FRST	Primis Financial Corp.	−54,693	689,921	$9,162,150
BAFN	BayFirst Financial Corp.	−19,300	34,606	$219,748
BMY	Bristol Myers Squibb Co	−14,200	11,853	$718,884
PGC	Peapack Gladstone Financial Corp	−13,503	255,739	$9,004,570
SMBK	Smartfinancial Inc.	−13,233	212,670	$8,311,143
SCHL	Scholastic Corp	−8,939	8,761	$342,204
MCB	Metropolitan Bank Holding Corp.	−6,062	17,893	$1,490,307
BMNR	Bitmine Immersion Technologies, Inc.	−5,300	10,500	$207,690
FBK	FB Financial Corp	−3,000	55,694	$2,892,746
TFC	Truist Financial Corp	−390	53,937	$2,479,483
BPOP	Popular, Inc.	−179	5,215	$699,696
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
FITB	Fifth Third Bancorp	49,003	$2,276,679
CBSH	Commerce Bancshares Inc /Mo/	42,816	$2,106,547
BHRB	Burke & Herbert Financial Services Corp.	5,783	$360,223
PFE	Pfizer Inc	7,135	$200,350
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
GLD	Spdr Gold Trust	30,000	$11,889,300
WBS	Webster Financial Corp	40,289	$2,535,789
AR	ANTERO RESOURCES Corp	35,000	$1,206,100
CARE	Carter Bankshares, Inc.	27,744	$545,447
XOM	Exxon Mobil Corp	4,500	$541,530
EGBN	Eagle Bancorp Inc	20,000	$428,400
VBNK	VersaBank	21,443	$321,216
AFBI	Affinity Bancshares, Inc.	15,027	$307,602
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

71 positions · $330,955,904 total · as of Mar 31, 2026

All sectors Communication Services Financial Services Healthcare Industrials Technology

Showing 1–50 of 71 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BAC	Bank Of America Corp /De/ Financial Services	Added	2,110,909	+262,090	$102,906,813	+1.2%	31.09%
C	Citigroup Inc Financial Services	Added	727,806	+283,604	$82,540,478	+59.2%	24.94%
WFC	Wells Fargo & Company/Mn Financial Services	Added	142,860	+54,600	$11,373,084	+38.3%	3.44%
BANC	Banc Of California, Inc. Financial Services	Added	588,756	+36,611	$10,350,330	−2.8%	3.13%
FRST	Primis Financial Corp. Financial Services	Reduced	689,921	-54,693	$9,162,150	−11.5%	2.77%
PGC	Peapack Gladstone Financial Corp Financial Services	Reduced	255,739	-13,503	$9,004,570	+20.1%	2.72%
SMBK	Smartfinancial Inc. Financial Services	Reduced	212,670	-13,233	$8,311,143	−0.5%	2.51%
CFG	Citizens Financial Group Inc/Ri Financial Services	Added	121,391	+45,000	$7,279,818	+63.2%	2.20%
FHN	First Horizon Corp Financial Services	Added	282,058	+6,285	$6,419,640	−2.6%	1.94%
SBCF	Seacoast Banking Corp Of Florida Financial Services	Added	194,867	+200	$5,902,521	−3.5%	1.78%
FSUN	Firstsun Capital Bancorp Financial Services	Held	140,960	0	$5,139,401	−3.1%	1.55%
KEY	Keycorp /New/ Financial Services	Added	201,914	+26,300	$4,048,375	+11.7%	1.22%
WAL	Western Alliance Bancorporation Financial Services	Added	54,209	+7,538	$3,840,707	−2.1%	1.16%
HTB	HomeTrust Bancshares, Inc. Financial Services	Added	78,725	+200	$3,357,621	−0.4%	1.01%
PFS	Provident Financial Services Inc Financial Services	Added	152,203	+24,000	$3,220,615	+27.2%	0.97%
SSB	SouthState Bank Corp Financial Services	Held	31,581	0	$2,921,874	−1.7%	0.88%
FBK	FB Financial Corp Financial Services	Reduced	55,694	-3,000	$2,892,746	−11.7%	0.87%
COF	Capital One Financial Corp Financial Services	Added	14,038	+1,170	$2,560,952	−17.9%	0.77%
TFC	Truist Financial Corp Financial Services	Reduced	53,937	-390	$2,479,483	−7.3%	0.75%
FITB	Fifth Third Bancorp Financial Services	NEW	49,003	NEW	$2,276,679	NEW	0.69%
CBSH	Commerce Bancshares Inc /Mo/ Financial Services	NEW	42,816	NEW	$2,106,547	NEW	0.64%
DCOM	Dime Community Bancshares, Inc. /NY/ Financial Services	Held	62,202	0	$2,103,671	+12.4%	0.64%
UWMC	UWM Holdings Corp Financial Services	Added	564,388	+62,144	$2,043,084	−7.1%	0.62%
PNC	Pnc Financial Services Group, Inc. Financial Services	Held	9,598	0	$1,997,247	−0.3%	0.60%
VLY	Valley National Bancorp Financial Services	Added	160,000	+10,000	$1,964,800	+12.1%	0.59%
HBAN	Huntington Bancshares Inc /Md/ Financial Services	Added	119,107	+3,000	$1,864,024	−7.5%	0.56%
CNOB	ConnectOne Bancorp, Inc. Financial Services	Added	67,430	+339	$1,805,101	+2.6%	0.55%
VABK	Virginia National Bankshares Corp Financial Services	Added	45,672	+4,639	$1,744,670	+6.7%	0.53%
RF	Regions Financial Corp Financial Services	Held	66,450	0	$1,735,674	−3.6%	0.52%
TCBX	Third Coast Bancshares, Inc. Financial Services	Added	40,753	+478	$1,541,685	+0.7%	0.47%
HWC	Hancock Whitney Corp Financial Services	Added	24,232	+1,100	$1,540,912	+4.6%	0.47%
MCB	Metropolitan Bank Holding Corp. Financial Services	Reduced	17,893	-6,062	$1,490,307	−18.5%	0.45%
HAFC	Hanmi Financial Corp Financial Services	Added	54,171	+7,239	$1,427,947	+12.6%	0.43%
SHBI	Shore Bancshares Inc Financial Services	Added	72,357	+300	$1,351,628	+6.1%	0.41%
WSFS	Wsfs Financial Corp Financial Services	Held	19,329	0	$1,265,276	+18.5%	0.38%
CFBK	Cf Bankshares Inc. Financial Services	Added	39,003	+12,239	$1,088,573	+63.0%	0.33%
QCRH	Qcr Holdings Inc Financial Services	Added	12,250	+53	$1,046,762	+3.0%	0.32%
USCB	Uscb Financial Holdings, Inc. Financial Services	Added	52,629	+6,900	$975,741	+15.8%	0.29%
JPM	Jpmorgan Chase & Co Financial Services	Held	3,215	0	$945,724	−8.7%	0.29%
SPFI	South Plains Financial, Inc. Financial Services	Held	22,546	0	$944,677	+8.0%	0.29%
AAPL	Apple Inc. Technology	Held	3,418	0	$867,454	−6.6%	0.26%
COSO	CoastalSouth Bancshares, Inc. Financial Services	Added	33,046	+300	$812,601	+6.7%	0.25%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	11,853	-14,200	$718,884	−48.8%	0.22%
BPOP	Popular, Inc. Financial Services	Reduced	5,215	-179	$699,696	+4.2%	0.21%
LNKB	LINKBANCORP, Inc. Financial Services	Added	81,685	+27,300	$681,252	+51.7%	0.21%
MS	Morgan Stanley Financial Services	Held	4,131	0	$679,838	−7.3%	0.21%
CBFV	CB Financial Services, Inc. Financial Services	Held	18,903	0	$646,104	−2.0%	0.20%
COLB	Columbia Banking System, Inc. Financial Services	Held	22,686	0	$622,276	−1.9%	0.19%
AUB	Atlantic Union Bankshares Corp Financial Services	Held	16,578	0	$592,497	+1.2%	0.18%
ABCB	Ameris Bancorp Financial Services	Held	7,376	0	$575,254	+5.0%	0.17%