Salzhauer Michael

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 20, 2026), Salzhauer Michael reported 79 stock positions worth $271.9 million. Its top holding was Bank of America (BAC) at 31.3% of the portfolio, followed by Citigroup (C, 8.2%) and Pinnacle Financial Partners (PNFP, 5.5%). Compared with Q1 2026, it opened 9 new positions, sold out of 5, added to 12 and reduced 21. The biggest buy was a new position in Pinnacle Financial Partners (PNFP) and the biggest sale Citigroup (C, shares −78%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001059543
Portfolio Value
$271.9M (Q2 2026)
SEC Filing
0001059543-26-000003 ↗ filed Jul 20, 2026

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $124.6M Q1 2024 Q2 2024: $123.9M Q2 2024 Q3 2024: $157.3M Q3 2024 Q4 2024: $195.4M Q4 2024 Q1 2025: $156.6M Q1 2025 Q2 2025: $158.6M Q2 2025 Q3 2025: $195.1M Q3 2025 Q4 2025: $225.5M Q4 2025 Q1 2026: $212.2M Q1 2026 Q2 2026: $271.9M $271.9M Q2 2026

Holdings 79 stocks · $271.9M
BAC Bank of America Corp. 31.34% 1,495,610 $85.2M Reduce -29.1%
C Citigroup Inc. 8.16% 158,427 $22.2M Reduce -78.2%
PNFP Pinnacle Financial Partners 5.51% 148,566 $15.0M New
PGC Peapack Gladstone Finl Corp. 3.77% 216,632 $10.3M Reduce -15.3%
COF Capital One Financial Corp. 3.69% 49,996 $10.0M Add +256.1%
SMBK Smartfinancial Inc. 3.64% 211,013 $9.9M Reduce -0.8%
BANC Banc of California Inc. 3.52% 468,559 $9.6M Reduce -20.4%
FRST Primis Financial Corp. 2.84% 471,795 $7.7M Reduce -31.6%
WFC Wells Fargo & Co. 2.56% 84,289 $7.0M Reduce -41.0%
SBCF Seacoast Banking Corp. 2.35% 191,867 $6.4M Reduce -1.5%
FSUN Firstsun Capital Bancorp 2.01% 140,987 $5.5M Add +0.0%
WAL Western Alliance Bancorp 1.65% 54,721 $4.5M Add +0.9%
HTB Hometrust Bancshares Inc. 1.44% 78,725 $3.9M No change
PFS Provident Financial Services 1.32% 152,203 $3.6M No change
FHN First Horizon Corp. 1.24% 131,446 $3.4M Reduce -53.4%
SSB Southstate Bank Corp. 1.16% 31,581 $3.2M No change
FBK FB Financial Corp. filed as FB FINL CORP 1.13% 55,665 $3.1M Reduce -0.1%
FITB Fifth Third Bancorp 1.04% 50,194 $2.8M Add +2.4%
TFC Truist Financial Corp. 0.99% 53,937 $2.7M No change
TCBX Third Coast Bancshares Inc. 0.92% 61,899 $2.5M Add +51.9%
CBSH Commerce Bancshares Inc. 0.91% 42,916 $2.5M Add +0.2%
PNC PNC Financial Services Group 0.87% 9,598 $2.4M No change
CNOB Connectone Bancorp Inc. 0.82% 66,680 $2.2M Reduce -1.1%
DCOM Dime Commercial Bancshares I 0.81% 54,202 $2.2M Reduce -12.9%
HBAN Huntington Bancshares Inc. 0.78% 119,107 $2.1M No change
VABK Virginia National Bankshares 0.75% 45,672 $2.0M No change
RF Regions Financial Corp. 0.74% 66,450 $2.0M No change
HWC Hancock Whitney Corp. 0.67% 24,232 $1.8M No change
MCB Metropolitan Bank Holding Co. 0.65% 17,974 $1.8M Add +0.5%
TOWN Towne Bank 0.63% 47,121 $1.7M No change
SHBI Shore Bancshares Inc. 0.61% 72,357 $1.7M No change
UNTY Unity Bancorp Inc. 0.55% 25,674 $1.5M Add +32.2%
CFG Citizens Financial Group 0.55% 21,391 $1.5M Reduce -82.4%
WSFS WSFS Financial Corp. 0.55% 19,329 $1.5M No change
BHRB Burke & Herbert Financial SE 0.53% 20,219 $1.5M Add +249.6%
USCB Uscb Financial Holdings Inc. 0.47% 62,629 $1.3M Add +19.0%
CFBK CF Bankshares Inc. 0.47% 39,003 $1.3M No change
AMTB Amerant Bancorp Inc. 0.47% 50,000 $1.3M Add +150.0%
HAFC Hanmi Financial Corporation 0.46% 38,201 $1.2M Reduce -29.5%
QCRH QCR Holdings Inc. filed as QCR HLDGS INC 0.43% 12,083 $1.2M Reduce -1.4%
SPFI South Plains Financial Inc. 0.42% 26,431 $1.1M Add +17.2%
JPM JPMorgan Chase & Co. 0.39% 3,215 $1.1M No change
AAPL Apple Inc. 0.36% 3,418 $989K No change
SSBI Summit State Bank 0.36% 72,575 $984K No change
COSO Coastal South Bancshares Inc. 0.33% 33,046 $887K No change
BPOP Popular Inc. 0.31% 5,215 $856K No change
MS Morgan Stanley 0.31% 4,081 $853K Reduce -1.2%
COLB Columbia Banking System Inc. 0.27% 22,686 $727K No change
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 0.26% 18,903 $716K No change
AUB Atlantic Union Bankshares Co. 0.26% 16,578 $701K No change
ABCB Ameris Bancorp 0.24% 7,376 $666K No change
UCB United Community Banks 0.22% 17,032 $598K No change
MET Metlife Inc. 0.21% 6,886 $583K No change
ORRF Orrstown Finl Services Inc. 0.21% 13,734 $561K No change
CIVB Civista Bancshares Inc. 0.20% 19,420 $548K No change
VLY Valley National Bancorp 0.18% 34,200 $501K Reduce -78.6%
ZION Zions Bancorp NA 0.18% 7,200 $498K No change
KEY Keycorp 0.18% 21,514 $496K Reduce -89.3%
UWMC Uwm Holdings Corp. 0.15% 183,375 $420K Reduce -67.5%
T AT&T Inc. 0.15% 19,498 $404K No change
MSGS Madison Square Garden Sports 0.15% 992 $399K No change
BMY Bristol-Myers Squibb Co. 0.13% 6,053 $349K Reduce -48.9%
VZ Verizon Communications Inc. 0.12% 7,528 $319K No change
GDOT Green Dot Corp. Class A 0.12% 23,205 $314K New
ALL Allstate Corp. 0.11% 1,287 $306K No change
HIG Hartford Insurance Group Inc. 0.11% 2,246 $298K No change
BKH Black Hills Corp. 0.11% 3,900 $290K New
INDB Independent Bank Corp. 0.11% 3,462 $290K Reduce -1.9%
CB Chubb Ltd. 0.10% 824 $281K No change
V Visa Inc. Class A 0.10% 800 $274K No change
KNTK Kinetik Holdings Inc. 0.09% 5,300 $256K New
CSCO Cisco Systems Inc. 0.09% 2,000 $235K New
FDL First Trust Morn DVD Lead Inc. 0.09% 4,753 $231K No change
TRV The Travelers Cos Inc. 0.09% 700 $231K No change
SPHR Sphere Entertainment Co. 0.08% 1,314 $227K New
CBAN Colony Bankcorp 0.07% 10,000 $201K New
BRBS Blue Ridge Bankshares Inc. 0.07% 56,000 $198K New
CRESY Cresud S.A.-Spons ADR 0.04% 10,000 $112K No change
AIG American International Group 0.00% 130 $10K New

Options reported separately and not counted above: C calls ($13.1M), BAC calls ($4.5M), CFG calls ($780K), WFC calls ($756K), KEY calls ($618K), BANC calls ($350K), FHN calls ($240K), UWMC calls ($139K), AIG calls ($108K), VLY calls ($53K).

Portfolio Sells Q1 2026 → Q2 2026
C Citigroup Inc. Reduce -78.2% 8.16% −5.69
FRST Primis Financial Corp. Reduce -31.6% 2.84% −1.48
WFC Wells Fargo & Co. Reduce -41.0% 2.56% −0.88
PGC Peapack Gladstone Finl Corp. Reduce -15.3% 3.77% −0.47
SBCF Seacoast Banking Corp. Reduce -1.5% 2.35% −0.44
LNKB Linkbancorp Inc. Sold out 0.00% −0.32
SMBK Smartfinancial Inc. Reduce -0.8% 3.64% −0.28
FHN First Horizon Corp. Reduce -53.4% 1.24% −0.25
FBK FB Financial Corp. Reduce -0.1% 1.13% −0.23
HAFC Hanmi Financial Corporation Reduce -29.5% 0.46% −0.22
CFG Citizens Financial Group Reduce -82.4% 0.55% −0.21
KEY Keycorp Reduce -89.3% 0.18% −0.21
DCOM Dime Commercial Bancshares I Reduce -12.9% 0.81% −0.18
SCHL Scholastic Corp. Sold out 0.00% −0.16
BAFN Bayfirst Financial Corp. Sold out 0.00% −0.10
PFE Pfizer Inc. Sold out 0.00% −0.09
QCRH QCR Holdings Inc. Reduce -1.4% 0.43% −0.06
BMY Bristol-Myers Squibb Co. Reduce -48.9% 0.13% −0.05
CNOB Connectone Bancorp Inc. Reduce -1.1% 0.82% −0.03
INDB Independent Bank Corp. Reduce -1.9% 0.11% −0.02
MS Morgan Stanley Reduce -1.2% 0.31% −0.01
BMNR Bitmine Immersion Technologi Sold out 0.00% −0.00
UWMC Uwm Holdings Corp. Reduce -67.5% 0.15% +0.01
VLY Valley National Bancorp Reduce -78.6% 0.18% +0.01
BANC Banc of California Inc. Reduce -20.4% 3.52% +0.20
BAC Bank of America Corp. Reduce -29.1% 31.34% +4.55

Portfolio Buys Q1 2026 → Q2 2026
PNFP Pinnacle Financial Partners New 5.51% +5.51
COF Capital One Financial Corp. Add +256.1% 3.69% +2.48
BHRB Burke & Herbert Financial SE Add +249.6% 0.53% +0.36
AMTB Amerant Bancorp Inc. Add +150.0% 0.47% +0.26
TCBX Third Coast Bancshares Inc. Add +51.9% 0.92% +0.19
GDOT Green Dot Corp. Class A New 0.12% +0.12
BKH Black Hills Corp. New 0.11% +0.11
KNTK Kinetik Holdings Inc. New 0.09% +0.09
CSCO Cisco Systems Inc. New 0.09% +0.09
SPHR Sphere Entertainment Co. New 0.08% +0.08
UNTY Unity Bancorp Inc. Add +32.2% 0.55% +0.08
CBAN Colony Bankcorp New 0.07% +0.07
BRBS Blue Ridge Bankshares Inc. New 0.07% +0.07
USCB Uscb Financial Holdings Inc. Add +19.0% 0.47% +0.01
AIG American International Group New 0.00% +0.00
SPFI South Plains Financial Inc. Add +17.2% 0.42% −0.03
FITB Fifth Third Bancorp Add +2.4% 1.04% −0.03
MCB Metropolitan Bank Holding Co. Add +0.5% 0.65% −0.05
CBSH Commerce Bancshares Inc. Add +0.2% 0.91% −0.08
WAL Western Alliance Bancorp Add +0.9% 1.65% −0.16
FSUN Firstsun Capital Bancorp Add +0.0% 2.01% −0.41

Options Activity Q1 2026 → Q2 2026
C Citigroup Inc. call New 408,900 $13.1M
BAC Bank of America Corp. call New 476,000 $4.5M
CFG Citizens Financial Group call New 100,000 $780K
WFC Wells Fargo & Co. call New 60,000 $756K
KEY Keycorp call New 160,400 $618K
BANC Banc of California Inc. call New 200,000 $350K
FHN First Horizon Corp. call New 150,000 $240K
UWMC Uwm Holdings Corp. call New 725,000 $139K
AIG American International Group call New 30,000 $108K
VLY Valley National Bancorp call New 50,000 $53K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 79$271.9MBAC, C, PNFP, PGC, COF
Q1 2026 75$212.2MBAC, C, FRST, PGC, SMBK
Q4 2025 78$225.5MBAC, FRST, C, BANC, SMBK
Q3 2025 82$195.1MBAC, C, FRST, WAL, TCBX
Q2 2025 74$158.6MBAC, WFC, FRST, SNV, SMBK
Q1 2025 77$156.6MBAC, WFC, SNV, SMBK, FRST
Q4 2024Amended 80$195.4MBAC, SNV, FRST, C, WFC
Q3 2024 78$157.3MBAC, SNV, FRST, SMBK, WFC
Q2 2024 72$123.9MBAC, SNV, FRST, WFC, SBCF
Q1 2024 78$124.6MBAC, FRST, SNV, WFC, SBCF