SALZHAUER MICHAEL
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| BANK OF AMER CORP CALL | BAC | $89.7M | 1,495,610 | +3.87pp | 31q | -29.1%-$36.9M | |
| CITIGROUP INC CALL | C | $35.2M | 158,427 | -1.80pp | 24q | -78.2%-$126.6M | |
| PINNACLE FINL PARTNERS INC | PNFP | $15.0M | 148,566 | - | new | NEW | |
| PEAPACK-GLADSTONE FINL CORP | PGC | $10.3M | 216,632 | -0.74pp | 31q | -15.3%-$1.9M | |
| CAPITAL ONE FINL CORP | COF | $10.0M | 49,996 | +2.22pp | 8q | +256.1%+$7.2M | |
| BANC OF CALIFORNIA INC CALL | BANC | $9.9M | 468,559 | +0.07pp | 19q | -20.4%-$2.5M | |
| SMARTFINANCIAL INC | SMBK | $9.9M | 211,013 | -0.53pp | 31q | -0.8%-$77.7K | |
| PRIMIS FINANCIAL CORP | FRST | $7.7M | 471,795 | -1.68pp | 22q | -31.6%-$3.6M | |
| WELLS FARGO & CO CALL | WFC | $7.7M | 84,289 | -0.80pp | 24q | -41.0%-$5.4M | |
| SEACOAST BKG CORP FLA | SBCF | $6.4M | 191,867 | -0.60pp | 31q | -1.5%-$99.8K | |
| FIRSTSUN CAP BANCORP | FSUN | $5.5M | 140,987 | -0.55pp | 7q | HELD | |
| WESTERN ALLIANCE BANCORP | WAL | $4.5M | 54,721 | -0.27pp | 11q | +0.9%+$42.1K | |
| HOMETRUST BANCSHARES INC | HTB | $3.9M | 78,725 | -0.24pp | 31q | HELD | |
| FIRST HORIZON CORPORATION CALL | FHN | $3.6M | 131,446 | -0.26pp | 13q | -53.4%-$4.1M | |
| PROVIDENT FINL SVCS INC | PFS | $3.6M | 152,203 | -0.29pp | 25q | HELD | |
| SOUTHSTATE BK CORP | SSB | $3.2M | 31,581 | -0.30pp | 4q | HELD | |
| FB FINL CORP | FBK | $3.1M | 55,665 | -0.31pp | 9q | HELD | |
| FIFTH THIRD BANCORP | FITB | $2.8M | 50,194 | -0.11pp | 2q | +2.4%+$67.1K | |
| TRUIST FINL CORP | TFC | $2.7M | 53,937 | -0.25pp | 27q | HELD | |
| THIRD COAST BANCSHARES INC | TCBX | $2.5M | 61,899 | +0.13pp | 18q | +51.9%+$854.3K | |
| COMMERCE BANCSHARES INC | CBSH | $2.5M | 42,916 | -0.15pp | 2q | HELD | |
| PNC FINL SVCS GROUP INC | PNC | $2.4M | 9,598 | -0.13pp | 31q | HELD | |
| CITIZENS FINL GROUP INC CALL | CFG | $2.3M | 21,391 | +0.01pp | 22q | -82.4%-$10.7M | |
| CONNECTONE BANCORP INC | CNOB | $2.2M | 66,680 | -0.09pp | 31q | -1.1%-$25.1K | |
| DIME COML BANCSHARES INC | DCOM | $2.2M | 54,202 | -0.24pp | 22q | -12.9%-$325.2K | |
| HUNTINGTON BANCSHARES INC | HBAN | $2.1M | 119,107 | -0.16pp | 31q | HELD | |
| VIRGINIA NATL BK CHRLOTSVLE | VABK | $2.0M | 45,672 | -0.13pp | 21q | HELD | |
| REGIONS FINANCIAL CORP NEW | RF | $2.0M | 66,450 | -0.13pp | 31q | HELD | |
| HANCOCK WHITNEY CORPORATION | HWC | $1.8M | 24,232 | -0.11pp | 20q | HELD | |
| METROPOLITAN BK HLDG CORP | MCB | $1.8M | 17,974 | -0.10pp | 11q | HELD | |
| TOWNEBANK PORTSMOUTH VA | TOWN | $1.7M | 47,121 | -0.16pp | 31q | HELD | |
| SHORE BANCSHARES INC | SHBI | $1.7M | 72,357 | -0.07pp | 21q | HELD | |
| UNITY BANCORP INC | UNTY | $1.5M | 25,674 | +0.04pp | 3q | +32.2%+$366.8K | |
| WSFS FINL CORP | WSFS | $1.5M | 19,329 | -0.09pp | 30q | HELD | |
| BURKE HERBERT FINL SVCS CORP | BHRB | $1.5M | 20,219 | +0.33pp | 2q | +249.6%+$1.0M | |
| USCB FINANCIAL HOLDINGS INC | USCB | $1.3M | 62,629 | -0.02pp | 10q | +19.0%+$204.6K | |
| CF BANKSHARES INC | CFBK | $1.3M | 39,003 | -0.08pp | 21q | HELD | |
| AMERANT BANCORP INC | AMTB | $1.3M | 50,000 | +0.23pp | 3q | +150.0%+$765.6K | |
| HANMI FINL CORP | HAFC | $1.2M | 38,201 | -0.25pp | 10q | -29.5%-$517.4K | |
| QCR HLDGS INC | QCRH | $1.2M | 12,083 | -0.09pp | 17q | -1.4%-$16.3K | |
| SOUTH PLAINS FINANCIAL INC | SPFI | $1.1M | 26,431 | -0.06pp | 10q | +17.2%+$167.4K | |
| KEYCORP CALL | KEY | $1.1M | 21,514 | -0.01pp | 31q | -89.3%-$9.3M | |
| JPMORGAN CHASE & CO | JPM | $1.1M | 3,215 | -0.09pp | 31q | HELD | |
| APPLE INC | AAPL | $989.0K | 3,418 | -0.07pp | 25q | HELD | |
| SUMMIT ST BK SANTA ROSA CALI | SSBI | $984.1K | 72,575 | -0.12pp | 31q | HELD | |
| COASTALSOUTH BANCSHARES INC | COSO | $887.3K | 33,046 | -0.08pp | 4q | HELD | |
| POPULAR INC | BPOP | $856.1K | 5,215 | -0.04pp | 31q | HELD | |
| MORGAN STANLEY | MS | $853.1K | 4,081 | -0.03pp | 31q | -1.2%-$10.5K | |
| COLUMBIA BKG SYS INC | COLB | $727.1K | 22,686 | -0.04pp | 23q | HELD | |
| CB FINL SVCS INC | CBFV | $716.4K | 18,903 | -0.06pp | 31q | HELD | |
| ATLANTIC UN BANKSHARES CORP | AUB | $701.4K | 16,578 | -0.04pp | 13q | HELD | |
| AMERIS BANCORP | ABCB | $665.8K | 7,376 | -0.04pp | 31q | HELD | |
| UNITED CMNTY BKS BLAIRSVLE G | UCB | $597.7K | 17,032 | -0.05pp | 24q | HELD | |
| METLIFE INC | MET | $582.6K | 6,886 | -0.03pp | 23q | HELD | |
| ORRSTOWN FINL SVCS INC | ORRF | $560.8K | 13,734 | -0.04pp | 8q | HELD | |
| UWM HOLDINGS CORPORATION CALL | UWMC | $559.2K | 183,375 | +0.05pp | 7q | -67.5%-$1.2M | |
| VALLEY NATL BANCORP CALL | VLY | $553.5K | 34,200 | +0.02pp | 4q | -78.6%-$2.0M | |
| CIVISTA BANCSHARES INC | CIVB | $548.0K | 19,420 | -0.02pp | 31q | HELD | |
| ZIONS BANCORPORATION NATL AS | ZION | $498.2K | 7,200 | -0.03pp | 13q | HELD | |
| AT&T INC | T | $403.6K | 19,498 | -0.13pp | 6q | HELD | |
| MADISON SQUARE GRDN SPRT COR | MSGS | $398.6K | 992 | -0.01pp | 5q | HELD | |
| BRISTOL-MYERS SQUIBB CO | BMY | $348.8K | 6,053 | -0.06pp | 8q | -48.9%-$334.2K | |
| VERIZON COMMUNICATIONS INC | VZ | $318.7K | 7,528 | -0.07pp | 5q | HELD | |
| GREEN DOT CORP | GDOT | $313.5K | 23,205 | - | new | NEW | |
| ALLSTATE CORP | ALL | $306.2K | 1,287 | -0.02pp | 10q | HELD | |
| HARTFORD INSURANCE GROUP INC | HIG | $297.6K | 2,246 | -0.04pp | 10q | HELD | |
| BLACK HILLS CORP | BKH | $290.2K | 3,900 | - | new | NEW | |
| INDEPENDENT BK CORP MASS | INDB | $289.8K | 3,462 | -0.03pp | 8q | -1.9%-$5.6K | |
| CHUBB LIMITED | CB | $280.8K | 824 | -0.03pp | 10q | HELD | |
| VISA INC | V | $274.5K | 800 | -0.02pp | 11q | HELD | |
| KINETIK HOLDINGS INC | KNTK | $256.2K | 5,300 | - | new | NEW | |
| CISCO SYS INC | CSCO | $234.9K | 2,000 | - | new | NEW | |
| FIRST TR EXCHANGE-TRADED FD | FDL | $231.3K | 4,753 | -0.03pp | 4q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $231.1K | 700 | -0.02pp | 4q | HELD | |
| SPHERE ENTERTAINMENT CO | SPHR | $227.4K | 1,314 | - | new | NEW | |
| COLONY BANKCORP INC | CBAN | $200.9K | 10,000 | - | new | NEW | |
| BLUE RIDGE BANKSHARES INC VA | BRBS | $197.7K | 56,000 | - | new | NEW | |
| AMERICAN INTL GROUP INC CALL | AIG | $117.7K | 130 | - | new | NEW | |
| CRESUD S A C I F Y A | CRESY | $112.1K | 10,000 | -0.02pp | 3q | HELD |
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 | $283.0M | 96.8% |
| Other sectors | $6.5M | 2.2% |
| Not classified | $2.9M | 1.0% |
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 |
|---|---|---|---|---|
| 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% |
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 |
|---|---|---|---|---|---|---|---|---|
| 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 | 14 | 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.