Salzhauer Michael

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Salzhauer Michael reported 78 stock positions worth $157.3 million. Its top holding was Bank of America (BAC) at 26.5% of the portfolio, followed by Synovus Financial (SNV, 6.2%) and Primis Financial (FRST, 5.8%). Compared with Q2 2024, it opened 9 new positions, sold out of 3, added to 13 and reduced 14. The biggest buy was Bank of America (BAC, shares +71%) and the biggest sale Seacoast Banking (SBCF, shares −14%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001059543
Portfolio Value
$157.3M (Q3 2024)
SEC Filing
0001085146-24-005414 ↗ filed Nov 7, 2024

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 $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 Q2 2026

Holdings 78 stocks · $157.3M
BAC Bank of America Corp. filed as BANK AMERICA CORP 26.52% 1,051,103 $41.7M Add +71.4%
SNV Synovus Financial Corp. 6.16% 217,993 $9.7M Reduce -0.4%
FRST Primis Financial Corp. 5.85% 755,332 $9.2M Add +0.1%
SMBK Smartfinancial Inc. 4.42% 238,789 $7.0M Reduce -2.0%
WFC Wells Fargo & Co. 4.42% 123,033 $7.0M No change
SBCF Seacoast Banking Corp. 3.81% 224,681 $6.0M Reduce -14.3%
PNFP Pinnacle Financial Partners 3.51% 56,329 $5.5M Reduce -5.7%
BANC Banc of California Inc. 2.72% 290,539 $4.3M Reduce -6.3%
PGC Peapack Gladstone Finl Corp. 2.66% 152,538 $4.2M Add +0.1%
SSB Southstate Bank Corp. 2.03% 32,912 $3.2M No change
TFC Truist Financial Corp. 1.96% 72,172 $3.1M No change
C Citigroup Inc. 1.86% 46,645 $2.9M Add +67.2%
FBK FB Financial Corp. filed as FB FINL CORP 1.84% 61,520 $2.9M Reduce -7.5%
PNC PNC Financial Services Group 1.70% 14,490 $2.7M No change
CMA Comerica Inc. 1.69% 44,271 $2.7M Add +100.7%
WAL Western Alliance Bancorp 1.44% 26,192 $2.3M Reduce -33.1%
MCB Metropolitan Bank Holding Co. 1.21% 36,105 $1.9M Reduce -5.2%
BPOP Popular Inc. 1.19% 18,594 $1.9M No change
WBS Webster Financial Corp. 1.18% 39,697 $1.9M Add +1.3%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 1.13% 61,834 $1.8M Reduce -3.1%
VABK Virginia National Bankshares 1.09% 41,052 $1.7M Reduce -0.3%
RF Regions Financial Corp. 1.07% 71,833 $1.7M No change
CNOB Connectone Bancorp Inc. 1.06% 66,260 $1.7M Add +0.9%
JPM JPMorgan Chase & Co. 0.90% 6,720 $1.4M Reduce -5.6%
HTB Hometrust Bancshares Inc. 0.89% 40,950 $1.4M Add +61.4%
HAFC Hanmi Financial Corporation 0.87% 73,609 $1.4M Add +55.0%
PFS Provident Financial Services 0.71% 59,843 $1.1M No change
WSFS WSFS Financial Corp. 0.69% 21,309 $1.1M No change
TOWN Towne Bank 0.64% 30,533 $1.0M No change
TCBX Third Coast Bancshares Inc. 0.64% 37,675 $1.0M No change
SHBI Shore Bancshares Inc. 0.64% 72,057 $1.0M No change
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 0.61% 34,203 $956K No change
ORRF Orrstown Finl Services Inc. 0.59% 25,900 $931K New
KEY Keycorp 0.59% 55,348 $927K No change
HWC Hancock Whitney Corp. 0.58% 17,796 $911K Reduce -14.6%
VBTX Veritex Holdings Inc. 0.56% 33,398 $879K Add +50.8%
AUB Atlantic Union Bankshares Co. 0.54% 22,713 $856K No change
AAPL Apple Inc. 0.51% 3,418 $796K No change
ABCB Ameris Bancorp 0.49% 12,376 $772K Reduce -3.5%
AMTB Amerant Bancorp Inc. 0.48% 34,988 $748K Add +40.0%
BAFN Bayfirst Financial Corp. 0.46% 55,077 $724K No change
MNSB Mainstreet Bancshares Inc. 0.44% 37,782 $697K No change
SSBI Summit State Bank 0.42% 78,452 $663K Add +34.2%
CFG Citizens Financial Group 0.41% 15,801 $649K No change
SPFI South Plains Financial Inc. 0.40% 18,708 $635K No change
FHN First Horizon Corp. 0.38% 38,618 $600K Add +19.9%
MET Metlife Inc. 0.36% 6,886 $568K No change
CFBK CF Bankshares Inc. 0.35% 25,575 $554K No change
XOM Exxon Mobil Corp. 0.34% 4,500 $527K No change
UCB United Community Banks 0.31% 17,032 $495K No change
USCB Uscb Financial Holdings Inc. 0.30% 31,000 $473K No change
QCRH QCR Holdings Inc. 0.30% 6,328 $468K No change
MS Morgan Stanley 0.28% 4,225 $440K No change
DVN Devon Energy Corp. 0.27% 10,700 $419K No change
COLB Columbia Banking System Inc. 0.25% 15,286 $399K No change
AR Antero Resources Corp. 0.24% 13,000 $372K No change
CIVB Civista Bancshares Inc. 0.22% 19,420 $346K No change
BMY Bristol-Myers Squibb Co. 0.20% 6,107 $316K New
TCBI Texas Capital Bancshares Inc. 0.18% 3,948 $282K Reduce -51.3%
HIG Hartford Insurance Group Inc. 0.17% 2,246 $264K No change
BOTJ Bank of the James Financial 0.17% 18,990 $261K No change
ZION Zions Bancorp NA 0.16% 5,200 $246K No change
ALL Allstate Corp. 0.16% 1,287 $244K No change
HBAN Huntington Bancshares Inc. 0.15% 16,337 $240K No change
CB Chubb Ltd. 0.15% 824 $238K No change
UBFO United Security Bancshare 0.15% 27,071 $236K No change
PPLI People Inc. filed as IAC INC 0.14% 4,234 $228K New
OPBK Op Bancorp 0.14% 18,210 $227K No change
V Visa Inc. Class A 0.14% 800 $220K No change
PPBI Pacific Premier Bancorp Inc. 0.14% 8,540 $215K New
INDB Independent Bank Corp. 0.13% 3,529 $209K New
BDX Becton Dickinson and Co. 0.13% 862 $208K No change
MSGS Madison Square Garden Sports 0.13% 992 $207K New
ONB Old National Bancorp 0.12% 10,000 $187K No change
FVCB Fvcbankcorp Inc. 0.08% 10,000 $131K New
QS Quantumscape Corp. 0.08% 21,700 $125K No change
BRBS Blue Ridge Bankshares Inc. 0.08% 44,090 $123K New
COF Capital One Financial Corp. 0.04% 427 $64K New

Options reported separately and not counted above: C calls ($1.9M), WAL calls ($1.2M), BAC calls ($862K), CMA calls ($593K), COF calls ($444K), WFC calls ($277K), FHN calls ($257K), VLY calls ($116K), ZION calls ($94K), AR calls ($91K), KEY calls ($60K), HAFC calls ($53K), and 3 more.

Portfolio Sells Q2 2024 → Q3 2024
SBCF Seacoast Banking Corp. Reduce -14.3% 3.81% −1.20
SNV Synovus Financial Corp. Reduce -0.4% 6.16% −0.94
PFC Premier Financial Corp. Sold out 0.00% −0.70
CVLY Codorus Valley Bancorp Inc. Sold out 0.00% −0.57
WAL Western Alliance Bancorp Reduce -33.1% 1.44% −0.55
BANC Banc of California Inc. Reduce -6.3% 2.72% −0.48
PNFP Pinnacle Financial Partners Reduce -5.7% 3.51% −0.35
JPM JPMorgan Chase & Co. Reduce -5.6% 0.90% −0.26
FBK FB Financial Corp. Reduce -7.5% 1.84% −0.26
SMBK Smartfinancial Inc. Reduce -2.0% 4.42% −0.23
HWC Hancock Whitney Corp. Reduce -14.6% 0.58% −0.23
TCBI Texas Capital Bancshares Inc. Reduce -51.3% 0.18% −0.22
MCB Metropolitan Bank Holding Co. Reduce -5.2% 1.21% −0.09
ABCB Ameris Bancorp Reduce -3.5% 0.49% −0.03
CCL Carnival Corp. Sold out 0.00% −0.00
VABK Virginia National Bankshares Reduce -0.3% 1.09% −0.00
DCOM Dime Commercial Bancshares I Reduce -3.1% 1.13% +0.08

Portfolio Buys Q2 2024 → Q3 2024
BAC Bank of America Corp. Add +71.4% 26.52% +6.84
CMA Comerica Inc. Add +100.7% 1.69% +0.78
ORRF Orrstown Finl Services Inc. New 0.59% +0.59
C Citigroup Inc. Add +67.2% 1.86% +0.43
HTB Hometrust Bancshares Inc. Add +61.4% 0.89% +0.27
HAFC Hanmi Financial Corporation Add +55.0% 0.87% +0.23
BMY Bristol-Myers Squibb Co. New 0.20% +0.20
VBTX Veritex Holdings Inc. Add +50.8% 0.56% +0.18
PPLI People Inc. New 0.14% +0.14
PPBI Pacific Premier Bancorp Inc. New 0.14% +0.14
INDB Independent Bank Corp. New 0.13% +0.13
MSGS Madison Square Garden Sports New 0.13% +0.13
FVCB Fvcbankcorp Inc. New 0.08% +0.08
BRBS Blue Ridge Bankshares Inc. New 0.08% +0.08
CNOB Connectone Bancorp Inc. Add +0.9% 1.06% +0.05
COF Capital One Financial Corp. New 0.04% +0.04
AMTB Amerant Bancorp Inc. Add +40.0% 0.48% +0.02
SSBI Summit State Bank Add +34.2% 0.42% −0.02
FHN First Horizon Corp. Add +19.9% 0.38% −0.03
PGC Peapack Gladstone Finl Corp. Add +0.1% 2.66% −0.13
WBS Webster Financial Corp. Add +1.3% 1.18% −0.20
FRST Primis Financial Corp. Add +0.1% 5.85% −0.53

Options Activity Q2 2024 → Q3 2024
C Citigroup Inc. call Reduce -5.7% 215,500 $1.9M
BAC Bank of America Corp. call Add +540.9% 323,000 $862K
CMA Comerica Inc. call Reduce -50.0% 75,000 $593K
COF Capital One Financial Corp. call New 40,000 $444K
WFC Wells Fargo & Co. call Reduce -2.2% 61,700 $277K
FITB Fifth Third Bancorp call Sold out 49,800 $174Kbefore exit
CCL Carnival Corp. call Sold out 10,300 $71Kbefore exit
KEY Keycorp call Add +275.0% 75,000 $60K
F Ford Motor Co. call Add +93.8% 103,300 $7K

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

Notes & Other Activity Q2 2024 → Q3 2024
PAYOW Payoneer Global Inc.-CW27 *W EXP 99/99/999 Sold out 10,000 $2Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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