# SALZHAUER MICHAEL

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1059543. Source: https://holderbook.com/funds/1059543-salzhauer-michael/

- Reported value: $292.4M
- Positions: 79
- Weight of the ten largest: 69.0%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $89.7M | 1,495,610 | 30.7% | 31 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $35.2M | 158,427 | 12.0% | 24 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $15.0M | 148,566 | 5.1% | 1 |
| PEAPACK-GLADSTONE FINL CORP | [PGC](https://holderbook.com/stocks/PGC/) | $10.3M | 216,632 | 3.5% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $10.0M | 49,996 | 3.4% | 8 |
| BANC OF CALIFORNIA INC | [BANC](https://holderbook.com/stocks/BANC/) | $9.9M | 468,559 | 3.4% | 19 |
| SMARTFINANCIAL INC | [SMBK](https://holderbook.com/stocks/SMBK/) | $9.9M | 211,013 | 3.4% | 31 |
| PRIMIS FINANCIAL CORP | [FRST](https://holderbook.com/stocks/FRST/) | $7.7M | 471,795 | 2.6% | 22 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $7.7M | 84,289 | 2.6% | 24 |
| SEACOAST BKG CORP FLA | [SBCF](https://holderbook.com/stocks/SBCF/) | $6.4M | 191,867 | 2.2% | 31 |
| FIRSTSUN CAP BANCORP | [FSUN](https://holderbook.com/stocks/FSUN/) | $5.5M | 140,987 | 1.9% | 7 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $4.5M | 54,721 | 1.5% | 11 |
| HOMETRUST BANCSHARES INC | [HTB](https://holderbook.com/stocks/HTB/) | $3.9M | 78,725 | 1.3% | 31 |
| FIRST HORIZON CORPORATION | [FHN](https://holderbook.com/stocks/FHN/) | $3.6M | 131,446 | 1.2% | 13 |
| PROVIDENT FINL SVCS INC | [PFS](https://holderbook.com/stocks/PFS/) | $3.6M | 152,203 | 1.2% | 25 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $3.2M | 31,581 | 1.1% | 4 |
| FB FINL CORP | [FBK](https://holderbook.com/stocks/FBK/) | $3.1M | 55,665 | 1.1% | 9 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $2.8M | 50,194 | 1.0% | 2 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $2.7M | 53,937 | 0.9% | 27 |
| THIRD COAST BANCSHARES INC | [TCBX](https://holderbook.com/stocks/TCBX/) | $2.5M | 61,899 | 0.9% | 18 |
| COMMERCE BANCSHARES INC | [CBSH](https://holderbook.com/stocks/CBSH/) | $2.5M | 42,916 | 0.8% | 2 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $2.4M | 9,598 | 0.8% | 31 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $2.3M | 21,391 | 0.8% | 22 |
| CONNECTONE BANCORP INC | [CNOB](https://holderbook.com/stocks/CNOB/) | $2.2M | 66,680 | 0.8% | 31 |
| DIME COML BANCSHARES INC | [DCOM](https://holderbook.com/stocks/DCOM/) | $2.2M | 54,202 | 0.8% | 22 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $2.1M | 119,107 | 0.7% | 31 |
| VIRGINIA NATL BK CHRLOTSVLE | [VABK](https://holderbook.com/stocks/VABK/) | $2.0M | 45,672 | 0.7% | 21 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $2.0M | 66,450 | 0.7% | 31 |
| HANCOCK WHITNEY CORPORATION | [HWC](https://holderbook.com/stocks/HWC/) | $1.8M | 24,232 | 0.6% | 20 |
| METROPOLITAN BK HLDG CORP | [MCB](https://holderbook.com/stocks/MCB/) | $1.8M | 17,974 | 0.6% | 11 |
| TOWNEBANK PORTSMOUTH VA | [TOWN](https://holderbook.com/stocks/TOWN/) | $1.7M | 47,121 | 0.6% | 31 |
| SHORE BANCSHARES INC | [SHBI](https://holderbook.com/stocks/SHBI/) | $1.7M | 72,357 | 0.6% | 21 |
| UNITY BANCORP INC | [UNTY](https://holderbook.com/stocks/UNTY/) | $1.5M | 25,674 | 0.5% | 3 |
| WSFS FINL CORP | [WSFS](https://holderbook.com/stocks/WSFS/) | $1.5M | 19,329 | 0.5% | 30 |
| BURKE HERBERT FINL SVCS CORP | [BHRB](https://holderbook.com/stocks/BHRB/) | $1.5M | 20,219 | 0.5% | 2 |
| USCB FINANCIAL HOLDINGS INC | [USCB](https://holderbook.com/stocks/USCB/) | $1.3M | 62,629 | 0.4% | 10 |
| CF BANKSHARES INC | [CFBK](https://holderbook.com/stocks/CFBK/) | $1.3M | 39,003 | 0.4% | 21 |
| AMERANT BANCORP INC | [AMTB](https://holderbook.com/stocks/AMTB/) | $1.3M | 50,000 | 0.4% | 3 |
| HANMI FINL CORP | [HAFC](https://holderbook.com/stocks/HAFC/) | $1.2M | 38,201 | 0.4% | 10 |
| QCR HLDGS INC | [QCRH](https://holderbook.com/stocks/QCRH/) | $1.2M | 12,083 | 0.4% | 17 |
| SOUTH PLAINS FINANCIAL INC | [SPFI](https://holderbook.com/stocks/SPFI/) | $1.1M | 26,431 | 0.4% | 10 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $1.1M | 21,514 | 0.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.1M | 3,215 | 0.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $989.0K | 3,418 | 0.3% | 25 |
| SUMMIT ST BK SANTA ROSA CALI | [SSBI](https://holderbook.com/stocks/SSBI/) | $984.1K | 72,575 | 0.3% | 31 |
| COASTALSOUTH BANCSHARES INC | [COSO](https://holderbook.com/stocks/COSO/) | $887.3K | 33,046 | 0.3% | 4 |
| POPULAR INC | [BPOP](https://holderbook.com/stocks/BPOP/) | $856.1K | 5,215 | 0.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $853.1K | 4,081 | 0.3% | 31 |
| COLUMBIA BKG SYS INC | [COLB](https://holderbook.com/stocks/COLB/) | $727.1K | 22,686 | 0.2% | 23 |
| CB FINL SVCS INC | [CBFV](https://holderbook.com/stocks/CBFV/) | $716.4K | 18,903 | 0.2% | 31 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $701.4K | 16,578 | 0.2% | 13 |
| AMERIS BANCORP | [ABCB](https://holderbook.com/stocks/ABCB/) | $665.8K | 7,376 | 0.2% | 31 |
| UNITED CMNTY BKS BLAIRSVLE G | [UCB](https://holderbook.com/stocks/UCB/) | $597.7K | 17,032 | 0.2% | 24 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $582.6K | 6,886 | 0.2% | 23 |
| ORRSTOWN FINL SVCS INC | [ORRF](https://holderbook.com/stocks/ORRF/) | $560.8K | 13,734 | 0.2% | 8 |
| UWM HOLDINGS CORPORATION | [UWMC](https://holderbook.com/stocks/UWMC/) | $559.2K | 183,375 | 0.2% | 7 |
| VALLEY NATL BANCORP | [VLY](https://holderbook.com/stocks/VLY/) | $553.5K | 34,200 | 0.2% | 4 |
| CIVISTA BANCSHARES INC | [CIVB](https://holderbook.com/stocks/CIVB/) | $548.0K | 19,420 | 0.2% | 31 |
| ZIONS BANCORPORATION NATL AS | [ZION](https://holderbook.com/stocks/ZION/) | $498.2K | 7,200 | 0.2% | 13 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $403.6K | 19,498 | 0.1% | 6 |
| MADISON SQUARE GRDN SPRT COR | [MSGS](https://holderbook.com/stocks/MSGS/) | $398.6K | 992 | 0.1% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $348.8K | 6,053 | 0.1% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $318.7K | 7,528 | 0.1% | 5 |
| GREEN DOT CORP | [GDOT](https://holderbook.com/stocks/GDOT/) | $313.5K | 23,205 | 0.1% | 1 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $306.2K | 1,287 | 0.1% | 10 |
| HARTFORD INSURANCE GROUP INC | [HIG](https://holderbook.com/stocks/HIG/) | $297.6K | 2,246 | 0.1% | 10 |
| BLACK HILLS CORP | [BKH](https://holderbook.com/stocks/BKH/) | $290.2K | 3,900 | 0.1% | 1 |
| INDEPENDENT BK CORP MASS | [INDB](https://holderbook.com/stocks/INDB/) | $289.8K | 3,462 | 0.1% | 8 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $280.8K | 824 | 0.1% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $274.5K | 800 | 0.1% | 11 |
| KINETIK HOLDINGS INC | [KNTK](https://holderbook.com/stocks/KNTK/) | $256.2K | 5,300 | 0.1% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $234.9K | 2,000 | 0.1% | 1 |
| FIRST TR EXCHANGE-TRADED FD | [FDL](https://holderbook.com/stocks/FDL/) | $231.3K | 4,753 | 0.1% | 4 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $231.1K | 700 | 0.1% | 4 |
| SPHERE ENTERTAINMENT CO | [SPHR](https://holderbook.com/stocks/SPHR/) | $227.4K | 1,314 | 0.1% | 1 |
| COLONY BANKCORP INC | [CBAN](https://holderbook.com/stocks/CBAN/) | $200.9K | 10,000 | 0.1% | 1 |
| BLUE RIDGE BANKSHARES INC VA | [BRBS](https://holderbook.com/stocks/BRBS/) | $197.7K | 56,000 | 0.1% | 1 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $117.7K | 130 | 0.0% | 1 |
| CRESUD S A C I F Y A | [CRESY](https://holderbook.com/stocks/CRESY/) | $112.1K | 10,000 | 0.0% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| 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% |
| Q1 2024 | -0.2% | +10.0% | -10.3% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $292.4M | 79 |
| Q1 2026 | $212.2M | 75 |
| Q4 2025 | $244.3M | 82 |
| Q3 2025 | $208.4M | 87 |
| Q2 2025 | $170.9M | 74 |
| Q1 2025 | $163.7M | 78 |
| Q4 2024 | $195.4M | 80 |
| Q3 2024 | $163.3M | 80 |
| Q2 2024 | $128.6M | 76 |
| Q1 2024 | $131.0M | 81 |
| Q4 2023 | $117.7M | 76 |
| Q3 2023 | $94.0M | 68 |