Salzhauer Michael
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 26, 2024), Salzhauer Michael reported 78 stock positions worth $124.6 million. Its top holding was Bank of America (BAC) at 18.8% of the portfolio, followed by Primis Financial (FRST, 7.4%) and Synovus Financial (SNV, 7.0%). Compared with Q4 2023, it opened 12 new positions, sold out of 6, added to 17 and reduced 7. The biggest buy was Bank of America (BAC, shares +65%) and the biggest sale an exit from FB Financial (FBK).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001059543
- Portfolio Value
- $124.6M (Q1 2024)
- SEC Filing
- 0001085146-24-002073 ↗ filed Apr 26, 2024
Holdings Value
Holdings 78 stocks · $124.6M
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 18.75% | 616,348 | $23.4M | Add +64.5% |
| FRST Primis Financial Corp. | 7.35% | 752,841 | $9.2M | No change |
| SNV Synovus Financial Corp. | 6.98% | 217,133 | $8.7M | Add +5.1% |
| WFC Wells Fargo & Co. | 5.99% | 128,833 | $7.5M | Reduce -14.6% |
| SBCF Seacoast Banking Corp. | 5.42% | 266,208 | $6.8M | Reduce -12.3% |
| PNFP Pinnacle Financial Partners | 4.60% | 66,713 | $5.7M | Reduce -4.8% |
| SMBK Smartfinancial Inc. | 4.12% | 243,467 | $5.1M | Add +5.5% |
| BANC Banc of California Inc. | 3.20% | 262,284 | $4.0M | Add +6.9% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 2.99% | 129,915 | $3.7M | Add +446.0% |
| PGC Peapack Gladstone Finl Corp. | 2.83% | 144,910 | $3.5M | Add +13.4% |
| SSB Southstate Bank Corp. | 2.28% | 33,489 | $2.8M | No change |
| PNC PNC Financial Services Group | 1.88% | 14,490 | $2.3M | No change |
| WBS Webster Financial Corp. | 1.58% | 38,772 | $2.0M | No change |
| FITB Fifth Third Bancorp | 1.49% | 50,030 | $1.9M | No change |
| BPOP Popular Inc. | 1.31% | 18,507 | $1.6M | Add +0.5% |
| RF Regions Financial Corp. | 1.21% | 71,833 | $1.5M | No change |
| JPM JPMorgan Chase & Co. | 1.17% | 7,270 | $1.5M | No change |
| MCB Metropolitan Bank Holding Co. | 1.15% | 37,258 | $1.4M | Add +133.2% |
| WAL Western Alliance Bancorp | 1.04% | 20,105 | $1.3M | Add +137.7% |
| CNOB Connectone Bancorp Inc. | 1.03% | 65,656 | $1.3M | Add +3.9% |
| VABK Virginia National Bankshares | 0.99% | 41,165 | $1.2M | No change |
| TFC Truist Financial Corp. | 0.95% | 30,500 | $1.2M | No change |
| CMA Comerica Inc. | 0.78% | 17,764 | $977K | Add +253.8% |
| WSFS WSFS Financial Corp. | 0.77% | 21,309 | $962K | No change |
| COF Capital One Financial Corp. | 0.72% | 5,991 | $892K | Reduce -48.2% |
| KEY Keycorp | 0.70% | 55,348 | $875K | Add +32.6% |
| PFC Premier Financial Corp. | 0.69% | 42,373 | $860K | No change |
| TOWN Towne Bank | 0.69% | 30,533 | $857K | No change |
| SHBI Shore Bancshares Inc. | 0.66% | 72,057 | $829K | No change |
| C Citigroup Inc. | 0.64% | 12,685 | $802K | Reduce -45.9% |
| HAFC Hanmi Financial Corporation | 0.61% | 47,500 | $756K | New |
| TCBX Third Coast Bancshares Inc. | 0.61% | 37,675 | $754K | Add +91.2% |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 0.59% | 34,203 | $739K | No change |
| HWC Hancock Whitney Corp. | 0.58% | 15,796 | $727K | Reduce -1.3% |
| BAFN Bayfirst Financial Corp. | 0.57% | 55,077 | $713K | No change |
| MNSB Mainstreet Bancshares Inc. | 0.55% | 37,782 | $686K | No change |
| CVLY Codorus Valley Bancorp Inc. | 0.54% | 29,602 | $674K | No change |
| HTB Hometrust Bancshares Inc. | 0.51% | 23,114 | $632K | No change |
| ABCB Ameris Bancorp | 0.50% | 12,821 | $620K | No change |
| AR Antero Resources Corp. | 0.48% | 20,650 | $599K | New |
| AAPL Apple Inc. | 0.47% | 3,418 | $586K | No change |
| AUB Atlantic Union Bankshares Co. | 0.47% | 16,498 | $583K | No change |
| AMTB Amerant Bancorp Inc. | 0.47% | 24,988 | $582K | Add +66.7% |
| CFG Citizens Financial Group | 0.46% | 15,801 | $573K | No change |
| DVN Devon Energy Corp. | 0.43% | 10,700 | $537K | Reduce -8.6% |
| XOM Exxon Mobil Corp. | 0.42% | 4,500 | $523K | No change |
| CFBK CF Bankshares Inc. | 0.41% | 25,575 | $511K | No change |
| MET Metlife Inc. | 0.41% | 6,886 | $510K | No change |
| PFS Provident Financial Services | 0.41% | 34,701 | $506K | No change |
| SSBI Summit State Bank | 0.40% | 46,197 | $501K | Add +6.9% |
| TCBI Texas Capital Bancshares Inc. | 0.40% | 8,110 | $499K | No change |
| CRBG Corebridge Financial Inc. | 0.38% | 16,545 | $475K | New |
| VBTX Veritex Holdings Inc. | 0.36% | 22,148 | $454K | Add +32.9% |
| UCB United Community Banks | 0.36% | 17,032 | $448K | No change |
| MS Morgan Stanley | 0.32% | 4,225 | $398K | No change |
| QCRH QCR Holdings Inc. | 0.31% | 6,260 | $380K | No change |
| LBAI Lakeland Bancorp Inc. | 0.29% | 30,230 | $366K | No change |
| CIVB Civista Bancshares Inc. | 0.24% | 19,420 | $299K | No change |
| COLB Columbia Banking System Inc. | 0.24% | 15,286 | $296K | No change |
| SPFI South Plains Financial Inc. | 0.21% | 10,000 | $268K | New |
| FHN First Horizon Corp. | 0.21% | 17,000 | $262K | New |
| HIG Hartford Insurance Group Inc. | 0.19% | 2,246 | $231K | New |
| HBAN Huntington Bancshares Inc. | 0.18% | 16,337 | $228K | No change |
| PPLI People Inc. filed as IAC INC | 0.18% | 4,234 | $226K | New |
| ZION Zions Bancorp NA | 0.18% | 5,200 | $226K | No change |
| V Visa Inc. Class A | 0.18% | 800 | $223K | No change |
| ALL Allstate Corp. | 0.18% | 1,287 | $223K | New |
| AMNB Amer Natl Bnkshs/Danville Va filed as AMERICAN NATL BANKSHARES INC | 0.18% | 4,604 | $220K | No change |
| CB Chubb Ltd. | 0.17% | 824 | $214K | New |
| BDX Becton Dickinson and Co. | 0.17% | 862 | $213K | No change |
| UBFO United Security Bancshare | 0.17% | 27,071 | $209K | Add +6.7% |
| AFBI Affinity Bancshares Inc. | 0.17% | 12,576 | $208K | New |
| PPBI Pacific Premier Bancorp Inc. | 0.16% | 8,540 | $205K | No change |
| USCB Uscb Financial Holdings Inc. | 0.16% | 17,572 | $200K | New |
| BOTJ Bank of the James Financial | 0.16% | 18,990 | $197K | No change |
| OPBK Op Bancorp | 0.15% | 18,210 | $182K | No change |
| ONB Old National Bancorp | 0.14% | 10,000 | $174K | No change |
| QS Quantumscape Corp. | 0.11% | 21,700 | $136K | New |
Options reported separately and not counted above: C calls ($2.6M), BAC calls ($1.7M), WFC calls ($518K), CMA calls ($482K), WAL calls ($288K), FHN calls ($271K), AR calls ($125K), ZION calls ($91K), F calls ($63K), KEY calls ($53K), VLY calls ($33K), BANC calls ($31K), and 2 more.
Other holdings (1): bonds, preferreds, convertibles and warrants · $3K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PAYOW Payoneer Global Inc.-CW27 | *W EXP 99/99/999 | 10,000 | $3K | No change |
Total filed on the 13F, all lines: $124.6M.
Portfolio Sells Q4 2023 → Q1 2024
| FBK FB Financial Corp. | Sold out | 0.00% | −2.38 |
| SBCF Seacoast Banking Corp. | Reduce -12.3% | 5.42% | −2.34 |
| PNFP Pinnacle Financial Partners | Reduce -4.8% | 4.60% | −0.90 |
| WFC Wells Fargo & Co. | Reduce -14.6% | 5.99% | −0.68 |
| COF Capital One Financial Corp. | Reduce -48.2% | 0.72% | −0.65 |
| C Citigroup Inc. | Reduce -45.9% | 0.64% | −0.44 |
| CNO Cno Financial Group Inc. | Sold out | 0.00% | −0.31 |
| INDB Independent Bank Corp. | Sold out | 0.00% | −0.21 |
| SFST Southern First Bancshares | Sold out | 0.00% | −0.19 |
| HWC Hancock Whitney Corp. | Reduce -1.3% | 0.58% | −0.12 |
| DVN Devon Energy Corp. | Reduce -8.6% | 0.43% | −0.05 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.03 |
| SAFEGUARD SCIENTIFICS INC | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| BAC Bank of America Corp. | Add +64.5% | 18.75% | +7.42 |
| DCOM Dime Commercial Bancshares I | Add +446.0% | 2.99% | +2.41 |
| HAFC Hanmi Financial Corporation | New | 0.61% | +0.61 |
| WAL Western Alliance Bancorp | Add +137.7% | 1.04% | +0.54 |
| CMA Comerica Inc. | Add +253.8% | 0.78% | +0.53 |
| AR Antero Resources Corp. | New | 0.48% | +0.48 |
| CRBG Corebridge Financial Inc. | New | 0.38% | +0.38 |
| MCB Metropolitan Bank Holding Co. | Add +133.2% | 1.15% | +0.36 |
| TCBX Third Coast Bancshares Inc. | Add +91.2% | 0.61% | +0.25 |
| BANC Banc of California Inc. | Add +6.9% | 3.20% | +0.24 |
| SPFI South Plains Financial Inc. | New | 0.21% | +0.21 |
| FHN First Horizon Corp. | New | 0.21% | +0.21 |
| HIG Hartford Insurance Group Inc. | New | 0.19% | +0.19 |
| PPLI People Inc. | New | 0.18% | +0.18 |
| ALL Allstate Corp. | New | 0.18% | +0.18 |
| CB Chubb Ltd. | New | 0.17% | +0.17 |
| AFBI Affinity Bancshares Inc. | New | 0.17% | +0.17 |
| KEY Keycorp | Add +32.6% | 0.70% | +0.16 |
| USCB Uscb Financial Holdings Inc. | New | 0.16% | +0.16 |
| AMTB Amerant Bancorp Inc. | Add +66.7% | 0.47% | +0.14 |
| QS Quantumscape Corp. | New | 0.11% | +0.11 |
| VBTX Veritex Holdings Inc. | Add +32.9% | 0.36% | +0.02 |
| SNV Synovus Financial Corp. | Add +5.1% | 6.98% | −0.01 |
| UBFO United Security Bancshare | Add +6.7% | 0.17% | −0.02 |
| BPOP Popular Inc. | Add +0.5% | 1.31% | −0.05 |
| SSBI Summit State Bank | Add +6.9% | 0.40% | −0.08 |
| CNOB Connectone Bancorp Inc. | Add +3.9% | 1.03% | −0.27 |
| PGC Peapack Gladstone Finl Corp. | Add +13.4% | 2.83% | −0.59 |
| SMBK Smartfinancial Inc. | Add +5.5% | 4.12% | −0.96 |
Options Activity Q4 2023 → Q1 2024
| C Citigroup Inc. | call | Add +128.5% | 228,500 | $2.6M |
| BAC Bank of America Corp. | call | Reduce -66.1% | 179,300 | $1.7M |
| WFC Wells Fargo & Co. | call | Reduce -85.2% | 63,100 | $518K |
| CMA Comerica Inc. | call | Add +34.0% | 81,500 | $482K |
| WAL Western Alliance Bancorp | call | New | 25,000 | $288K |
| FHN First Horizon Corp. | call | Add +314.3% | 145,000 | $271K |
| AR Antero Resources Corp. | call | New | 20,000 | $125K |
| BAC Bank of America Corp. | put | Sold out | 400,000 | $64Kbefore exit |
| HBAN Huntington Bancshares Inc. | call | Sold out | 12,900 | $58Kbefore exit |
| KEY Keycorp | call | New | 20,000 | $53K |
| HAFC Hanmi Financial Corporation | call | New | 60,000 | $30K |
| PFE Pfizer Inc. | call | Sold out | 9,400 | $21Kbefore exit |
| QS Quantumscape Corp. | call | New | 28,000 | $11K |
| TFC Truist Financial Corp. | call | Sold out | 1,300 | $9Kbefore exit |
| FITB Fifth Third Bancorp | call | Sold out | 900 | $9Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 79 | $271.9M | BAC, C, PNFP, PGC, COF |
| Q1 2026 | 75 | $212.2M | BAC, C, FRST, PGC, SMBK |
| Q4 2025 | 78 | $225.5M | BAC, FRST, C, BANC, SMBK |
| Q3 2025 | 82 | $195.1M | BAC, C, FRST, WAL, TCBX |
| Q2 2025 | 74 | $158.6M | BAC, WFC, FRST, SNV, SMBK |
| Q1 2025 | 77 | $156.6M | BAC, WFC, SNV, SMBK, FRST |
| Q4 2024Amended | 80 | $195.4M | BAC, SNV, FRST, C, WFC |
| Q3 2024 | 78 | $157.3M | BAC, SNV, FRST, SMBK, WFC |
| Q2 2024 | 72 | $123.9M | BAC, SNV, FRST, WFC, SBCF |
| Q1 2024 | 78 | $124.6M | BAC, FRST, SNV, WFC, SBCF |