Salzhauer Michael 13F annual report
Salzhauer Michael is an investment fund managing more than $124 billion ran by Michael Salzhauer. There are currently 71 companies in Mr. Salzhauer’s portfolio. The largest investments include Bank America Corp and Synovus Finl Corp, together worth $33.2 billion.
$124 billion Assets Under Management (AUM)
As of 2nd August 2024, Salzhauer Michael’s top holding is 613,198 shares of Bank America Corp currently worth over $24.4 billion and making up 19.7% of the portfolio value.
In addition, the fund holds 218,893 shares of Synovus Finl Corp worth $8.8 billion.
The third-largest holding is Primis Financial Corp worth $7.91 billion and the next is Wells Fargo Co New worth $7.31 billion, with 123,033 shares owned.
Currently, Salzhauer Michael's portfolio is worth at least $124 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Salzhauer Michael
The Salzhauer Michael office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Michael Salzhauer serves as the Manager at Salzhauer Michael.
Recent trades
In the most recent 13F filing, Salzhauer Michael revealed that it had opened a new position in
Fb Finl Corp and bought 66,520 shares worth $2.6 billion.
The investment fund also strengthened its position in Synovus Finl Corp by buying
1,760 additional shares.
This makes their stake in Synovus Finl Corp total 218,893 shares worth $8.8 billion.
On the other hand, there are companies that Salzhauer Michael is getting rid of from its portfolio.
Salzhauer Michael closed its position in Fifth Third Bancorp on 9th August 2024.
It sold the previously owned 50,030 shares for $1.86 billion.
Michael Salzhauer also disclosed a decreased stake in Bank America Corp by approximately 0.1%.
This leaves the value of the investment at $24.4 billion and 613,198 shares.
One of the smallest hedge funds
The two most similar investment funds to Salzhauer Michael are Hamilton Lane Advisors and Zeit Capital. They manage $124 billion and $124 billion respectively.
Michael Salzhauer investment strategy
Salzhauer Michael’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 24.5% of
the total portfolio value.
The fund focuses on investments in the United States as
47.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
15% of the total holdings value.
On the other hand, small-cap stocks make up only 4.2% of the portfolio.
The average market cap of the portfolio companies is close to $90.2 billion.
The complete list of Salzhauer Michael trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Bank America Corp |
0.51%
613,198
|
$24,386,884,000 | 19.68% |
| Synovus Finl Corp |
0.81%
218,893
|
$8,797,310,000 | 7.10% |
| Primis Financial Corp |
0.20%
754,332
|
$7,905,403,000 | 6.38% |
| Wells Fargo Co New |
4.50%
123,033
|
$7,306,930,000 | 5.90% |
| Seacoast Bkg Corp Fla |
1.50%
262,208
|
$6,198,597,000 | 5.00% |
| SmartFinancial Inc |
0.13%
243,789
|
$5,770,489,000 | 4.66% |
| Pinnacle Finl Partners Inc |
10.47%
59,729
|
$4,780,709,000 | 3.86% |
| Banc of California Inc |
18.23%
310,099
|
$3,963,062,000 | 3.20% |
| Peapack-gladstone Finl Corp |
5.13%
152,339
|
$3,450,488,000 | 2.78% |
| Truist Finl Corp |
136.63%
72,172
|
$2,803,882,000 | 2.26% |
| Fb Finl Corp |
Opened
66,520
|
$2,596,276,000 | 2.10% |
| SouthState Corporation |
1.72%
32,912
|
$2,515,135,000 | 2.03% |
| Western Alliance Bancorp |
94.79%
39,162
|
$2,460,188,000 | 1.99% |
| Pnc Finl Svcs Group Inc |
No change
14,490
|
$2,252,905,000 | 1.82% |
| Fifth Third Bancorp |
Closed
50,030
|
$1,861,616,000 | |
| Citigroup Inc |
119.88%
27,892
|
$1,770,027,000 | 1.43% |
| Webster Finl Corp |
1.04%
39,174
|
$1,707,580,000 | 1.38% |
| Popular Inc. |
0.47%
18,594
|
$1,644,302,000 | 1.33% |
| Metropolitan Bk Hldg Corp |
2.26%
38,100
|
$1,604,068,000 | 1.29% |
| Jpmorgan Chase Co. |
2.06%
7,120
|
$1,440,091,000 | 1.16% |
| Regions Financial Corp. |
No change
71,833
|
$1,439,533,000 | 1.16% |
| Virginia Natl Bankshares Cor |
No change
41,165
|
$1,350,211,000 | 1.09% |
| Dime Cmnty Bancshares Inc |
50.86%
63,834
|
$1,302,222,000 | 1.05% |
| ConnectOne Bancorp Inc. |
No change
65,656
|
$1,240,236,000 | 1.00% |
| Comerica, Inc. |
24.17%
22,058
|
$1,125,863,000 | 0.91% |
| Wsfs Finl Corp |
No change
21,309
|
$1,001,523,000 | 0.81% |
| Hancock Whitney Corp. |
31.91%
20,837
|
$996,634,000 | 0.80% |
| Capital One Finl Corp |
Closed
5,991
|
$892,000,000 | |
| Premier Financial Corp. |
No change
42,373
|
$866,952,000 | 0.70% |
| Provident Finl Svcs Inc |
72.45%
59,843
|
$858,747,000 | 0.69% |
| Townebank Portsmouth VA |
No change
30,533
|
$832,635,000 | 0.67% |
| Shore Bancshares Inc. |
No change
72,057
|
$825,056,000 | 0.67% |
| Third Coast Bancshares Inc |
No change
37,675
|
$801,356,000 | 0.65% |
| Hanmi Finl Corp |
No change
47,500
|
$794,200,000 | 0.64% |
| KeyCorp |
No change
55,348
|
$786,495,000 | 0.63% |
| Cb Finl Svcs Inc |
No change
34,203
|
$775,040,000 | 0.63% |
| HomeTrust Bancshares Inc |
9.78%
25,374
|
$761,981,000 | 0.61% |
| Atlantic Un Bankshares Corp |
37.67%
22,713
|
$746,122,000 | 0.60% |
| Apple Inc |
No change
3,418
|
$719,900,000 | 0.58% |
| Codorus Vy Bancorp Inc |
No change
29,602
|
$711,632,000 | 0.57% |
| MainStreet Bancshares Inc |
No change
37,782
|
$669,875,000 | 0.54% |
| Ameris Bancorp |
No change
12,821
|
$645,537,000 | 0.52% |
| Bayfirst Financial Corp |
No change
55,077
|
$639,995,000 | 0.52% |
| Citizens Finl Group Inc |
No change
15,801
|
$569,310,000 | 0.46% |
| Amerant Bancorp Inc. |
No change
24,988
|
$567,228,000 | 0.46% |
| Summit St Bk Santa Rosa Cali |
26.53%
58,452
|
$552,373,000 | 0.45% |
| Exxon Mobil Corp. |
No change
4,500
|
$518,040,000 | 0.42% |
| First Horizon Corporation |
89.38%
32,194
|
$507,699,000 | 0.41% |
| Devon Energy Corp. |
No change
10,700
|
$507,180,000 | 0.41% |
| South Plains Financial Inc |
87.08%
18,708
|
$505,116,000 | 0.41% |
| Texas Cap Bancshares Inc |
No change
8,110
|
$495,831,000 | 0.40% |
| MetLife, Inc. |
No change
6,886
|
$483,328,000 | 0.39% |
| CF Bankshares Inc |
No change
25,575
|
$479,787,000 | 0.39% |
| Corebridge Finl Inc |
Closed
16,545
|
$475,338,000 | |
| Veritex Holdings Inc |
No change
22,148
|
$467,112,000 | 0.38% |
| United Cmnty Bks Blairsvle G |
No change
17,032
|
$433,635,000 | 0.35% |
| Antero Resources Corp |
37.05%
13,000
|
$424,190,000 | 0.34% |
| Morgan Stanley |
No change
4,225
|
$410,628,000 | 0.33% |
| Uscb Financial Holdings Inc |
76.42%
31,000
|
$397,730,000 | 0.32% |
| Qcr Holdings Inc |
1.09%
6,328
|
$379,659,000 | 0.31% |
| Lakeland Bancorp, Inc. |
Closed
30,230
|
$365,783,000 | |
| Columbia Bkg Sys Inc |
No change
15,286
|
$304,039,000 | 0.25% |
| Civista Bancshares Inc |
No change
19,420
|
$300,816,000 | 0.24% |
| IAC Inc |
Closed
4,234
|
$225,861,000 | |
| Hartford Finl Svcs Group Inc |
No change
2,246
|
$225,813,000 | 0.18% |
| Zions Bancorporation N.A |
No change
5,200
|
$225,524,000 | 0.18% |
| American Natl Bankshares Inc |
Closed
4,604
|
$219,887,000 | |
| Huntington Bancshares, Inc. |
No change
16,337
|
$215,322,000 | 0.17% |
| Bank Of The James Finl Gp In |
No change
18,990
|
$213,827,000 | 0.17% |
| Chubb Limited |
No change
824
|
$210,186,000 | 0.17% |
| Visa Inc |
No change
800
|
$209,976,000 | 0.17% |
| Affinity Bancshares Inc |
Closed
12,576
|
$208,133,000 | |
| Allstate Corp (The) |
No change
1,287
|
$205,482,000 | 0.17% |
| Pacific Premier Bancorp, Inc. |
Closed
8,540
|
$204,960,000 | |
| Becton Dickinson Co |
No change
862
|
$201,458,000 | 0.16% |
| United Sec Bancshares Calif |
No change
27,071
|
$196,263,000 | 0.16% |
| OP Bancorp |
No change
18,210
|
$174,634,000 | 0.14% |
| Old Natl Bancorp Ind |
No change
10,000
|
$171,900,000 | 0.14% |
| QuantumScape Corporation |
No change
21,700
|
$106,764,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 79 holdings | |||
Hedge funds similar to Salzhauer Michael
- Muzinich & Co
- Pacific Financial Group Inc
- Clarity Capital Advisors
- First National Bank Of South Miami
- Tevis Investment Management
- Oracle Investment Management Inc
- Schwallier Wealth Management
- Hamilton Lane Advisors
- Zeit Capital
- Paladin Advisory
- Kaizen Capital Partners Ltd
- Tenor Capital Management Co., L.P.
- Oceanside Advisors
- Fma Wealth Management