Salzhauer Michael

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Salzhauer Michael reported 80 stock positions worth $195.4 million. Its top holding was Bank of America (BAC) at 31.7% of the portfolio, followed by Synovus Financial (SNV, 5.3%) and Primis Financial (FRST, 4.5%). Compared with Q3 2024, it opened 6 new positions, sold out of 4, added to 21 and reduced 13. The biggest buy was Bank of America (BAC, shares +67%) and the biggest sale Seacoast Banking (SBCF, shares −8%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001059543
Portfolio Value
$195.4M (Q4 2024)
SEC Filing
0001085146-25-001328 ↗ filed Feb 13, 2025

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 $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 80 stocks · $195.4M
BAC Bank of America Corp. filed as BANK AMERICA CORP 31.68% 1,752,003 $61.9M Add +66.7%
SNV Synovus Financial Corp. 5.35% 203,926 $10.4M Reduce -6.5%
FRST Primis Financial Corp. 4.51% 756,258 $8.8M Add +0.1%
C Citigroup Inc. 4.29% 393,650 $8.4M Add +743.9%
WFC Wells Fargo & Co. 4.17% 133,733 $8.1M Add +8.7%
SMBK Smartfinancial Inc. 3.79% 238,789 $7.4M No change
BANC Banc of California Inc. 2.99% 377,576 $5.8M Add +30.0%
SBCF Seacoast Banking Corp. 2.91% 206,681 $5.7M Reduce -8.0%
PNFP Pinnacle Financial Partners 2.77% 47,323 $5.4M Reduce -16.0%
PGC Peapack Gladstone Finl Corp. 2.43% 148,094 $4.7M Reduce -2.9%
CMA Comerica Inc. 1.71% 165,971 $3.3M Add +274.9%
SSB Southstate Bank Corp. 1.68% 32,912 $3.3M No change
FBK FB Financial Corp. filed as FB FINL CORP 1.62% 61,520 $3.2M No change
TFC Truist Financial Corp. 1.60% 72,242 $3.1M Add +0.1%
PNC PNC Financial Services Group 1.43% 14,490 $2.8M No change
MCB Metropolitan Bank Holding Co. 1.25% 41,703 $2.4M Add +15.5%
WBS Webster Financial Corp. 1.07% 37,964 $2.1M Reduce -4.4%
FSUN Firstsun Capital Bancorp 1.04% 50,525 $2.0M New
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.97% 61,834 $1.9M No change
CFG Citizens Financial Group 0.95% 179,301 $1.9M Add +1034.7%
CNOB Connectone Bancorp Inc. 0.90% 76,496 $1.8M Add +15.4%
RF Regions Financial Corp. 0.85% 70,833 $1.7M Reduce -1.4%
BPOP Popular Inc. 0.83% 17,194 $1.6M Reduce -7.5%
HAFC Hanmi Financial Corporation 0.82% 68,143 $1.6M Reduce -7.4%
VABK Virginia National Bankshares 0.80% 41,052 $1.6M No change
WAL Western Alliance Bancorp 0.77% 17,895 $1.5M Reduce -31.7%
HTB Hometrust Bancshares Inc. 0.71% 40,950 $1.4M No change
VBTX Veritex Holdings Inc. 0.68% 49,177 $1.3M Add +47.3%
FHN First Horizon Corp. 0.68% 258,618 $1.3M Add +569.7%
HWC Hancock Whitney Corp. 0.67% 23,796 $1.3M Add +33.7%
TCBX Third Coast Bancshares Inc. 0.65% 37,675 $1.3M No change
JPM JPMorgan Chase & Co. 0.63% 5,168 $1.2M Reduce -23.1%
SHBI Shore Bancshares Inc. 0.58% 72,057 $1.1M No change
WSFS WSFS Financial Corp. 0.58% 21,309 $1.1M No change
PFS Provident Financial Services 0.58% 59,843 $1.1M No change
TOWN Towne Bank 0.53% 30,533 $1.0M No change
KEY Keycorp 0.50% 74,848 $982K Add +35.2%
CBFV CB Financial Services Inc. filed as CB FINL SVCS INC 0.50% 34,203 $978K No change
COF Capital One Financial Corp. 0.50% 5,427 $968K Add +1171.0%
AR Antero Resources Corp. 0.47% 26,000 $911K Add +100.0%
AUB Atlantic Union Bankshares Co. 0.44% 22,713 $860K No change
AAPL Apple Inc. 0.44% 3,418 $856K No change
AMTB Amerant Bancorp Inc. 0.40% 34,988 $784K No change
SSBI Summit State Bank 0.40% 102,046 $781K Add +30.1%
ABCB Ameris Bancorp 0.40% 12,376 $774K No change
MNSB Mainstreet Bancshares Inc. 0.39% 41,995 $760K Add +11.2%
BAFN Bayfirst Financial Corp. 0.37% 55,077 $733K No change
CFBK CF Bankshares Inc. 0.35% 26,764 $684K Add +4.7%
SPFI South Plains Financial Inc. 0.33% 18,708 $650K No change
MET Metlife Inc. 0.29% 6,886 $564K No change
UCB United Community Banks 0.28% 17,032 $550K No change
ORRF Orrstown Finl Services Inc. 0.28% 15,000 $549K Reduce -42.1%
MS Morgan Stanley 0.27% 4,225 $531K No change
USCB Uscb Financial Holdings Inc. 0.27% 29,269 $520K Reduce -5.6%
QCRH QCR Holdings Inc. 0.26% 6,328 $510K No change
CBNK Capital Bancorp Inc. 0.25% 17,208 $490K New
XOM Exxon Mobil Corp. 0.25% 4,500 $484K No change
COLB Columbia Banking System Inc. 0.21% 15,286 $413K No change
CIVB Civista Bancshares Inc. 0.21% 19,420 $409K No change
DVN Devon Energy Corp. 0.18% 10,700 $350K No change
BMY Bristol-Myers Squibb Co. 0.18% 6,117 $346K Add +0.2%
BOTJ Bank of the James Financial 0.15% 18,990 $301K No change
OPBK Op Bancorp 0.15% 18,210 $288K No change
ZION Zions Bancorp NA 0.14% 5,200 $282K No change
HBAN Huntington Bancshares Inc. 0.14% 16,337 $266K No change
V Visa Inc. Class A 0.13% 800 $253K No change
ALL Allstate Corp. 0.13% 1,287 $248K No change
HIG Hartford Insurance Group Inc. 0.13% 2,246 $246K No change
CB Chubb Ltd. 0.12% 824 $228K No change
INDB Independent Bank Corp. 0.12% 3,529 $227K No change
MSGS Madison Square Garden Sports 0.11% 992 $224K No change
ONB Old National Bancorp 0.11% 10,000 $217K No change
PPBI Pacific Premier Bancorp Inc. 0.11% 8,540 $213K No change
FXNC First National Corp. 0.10% 8,776 $202K New
UWMC Uwm Holdings Corp. 0.10% 150,000 $188K New
UBFO United Security Bancshare 0.09% 18,181 $184K Reduce -32.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.09% 60,000 $180K New
VBNK Versabank 0.07% 10,000 $137K New
FVCB Fvcbankcorp Inc. 0.06% 10,000 $126K No change
QS Quantumscape Corp. 0.06% 49,700 $126K Add +129.0%

Portfolio Sells Q3 2024 → Q4 2024
SBCF Seacoast Banking Corp. Reduce -8.0% 2.91% −0.89
SNV Synovus Financial Corp. Reduce -6.5% 5.35% −0.82
PNFP Pinnacle Financial Partners Reduce -16.0% 2.77% −0.74
WAL Western Alliance Bancorp Reduce -31.7% 0.77% −0.68
BPOP Popular Inc. Reduce -7.5% 0.83% −0.36
ORRF Orrstown Finl Services Inc. Reduce -42.1% 0.28% −0.31
JPM JPMorgan Chase & Co. Reduce -23.1% 0.63% −0.27
PGC Peapack Gladstone Finl Corp. Reduce -2.9% 2.43% −0.23
RF Regions Financial Corp. Reduce -1.4% 0.85% −0.21
TCBI Texas Capital Bancshares Inc. Sold out 0.00% −0.18
PPLI People Inc. Sold out 0.00% −0.14
BDX Becton Dickinson and Co. Sold out 0.00% −0.13
WBS Webster Financial Corp. Reduce -4.4% 1.07% −0.10
BRBS Blue Ridge Bankshares Inc. Sold out 0.00% −0.08
UBFO United Security Bancshare Reduce -32.8% 0.09% −0.06
HAFC Hanmi Financial Corporation Reduce -7.4% 0.82% −0.05
USCB Uscb Financial Holdings Inc. Reduce -5.6% 0.27% −0.03

Portfolio Buys Q3 2024 → Q4 2024
BAC Bank of America Corp. Add +66.7% 31.68% +5.16
C Citigroup Inc. Add +743.9% 4.29% +2.44
FSUN Firstsun Capital Bancorp New 1.04% +1.04
CFG Citizens Financial Group Add +1034.7% 0.95% +0.54
COF Capital One Financial Corp. Add +1171.0% 0.50% +0.45
FHN First Horizon Corp. Add +569.7% 0.68% +0.30
BANC Banc of California Inc. Add +30.0% 2.99% +0.27
CBNK Capital Bancorp Inc. New 0.25% +0.25
AR Antero Resources Corp. Add +100.0% 0.47% +0.23
VBTX Veritex Holdings Inc. Add +47.3% 0.68% +0.12
FXNC First National Corp. New 0.10% +0.10
UWMC Uwm Holdings Corp. New 0.10% +0.10
SPY SS SPDR S&P 500 ETF Trust-US New 0.09% +0.09
HWC Hancock Whitney Corp. Add +33.7% 0.67% +0.09
VBNK Versabank New 0.07% +0.07
MCB Metropolitan Bank Holding Co. Add +15.5% 1.25% +0.04
CMA Comerica Inc. Add +274.9% 1.71% +0.03
CFBK CF Bankshares Inc. Add +4.7% 0.35% −0.00
QS Quantumscape Corp. Add +129.0% 0.06% −0.02
SSBI Summit State Bank Add +30.1% 0.40% −0.02
BMY Bristol-Myers Squibb Co. Add +0.2% 0.18% −0.02
MNSB Mainstreet Bancshares Inc. Add +11.2% 0.39% −0.05
KEY Keycorp Add +35.2% 0.50% −0.09
CNOB Connectone Bancorp Inc. Add +15.4% 0.90% −0.16
WFC Wells Fargo & Co. Add +8.7% 4.17% −0.25
TFC Truist Financial Corp. Add +0.1% 1.60% −0.36
FRST Primis Financial Corp. Add +0.1% 4.51% −1.34

Options Activity Q3 2024 → Q4 2024
C Citigroup Inc. call Sold out 215,500 $1.9Mbefore exit
WAL Western Alliance Bancorp call Sold out 50,000 $1.2Mbefore exit
BAC Bank of America Corp. call Sold out 323,000 $862Kbefore exit
CMA Comerica Inc. call Sold out 75,000 $593Kbefore exit
COF Capital One Financial Corp. call Sold out 40,000 $444Kbefore exit
WFC Wells Fargo & Co. call Sold out 61,700 $277Kbefore exit
FHN First Horizon Corp. call Sold out 195,000 $257Kbefore exit
VLY Valley National Bancorp call Sold out 80,000 $116Kbefore exit
ZION Zions Bancorp NA call Sold out 8,200 $94Kbefore exit
AR Antero Resources Corp. call Sold out 20,000 $91Kbefore exit
KEY Keycorp call Sold out 75,000 $60Kbefore exit
HAFC Hanmi Financial Corporation call Sold out 30,000 $53Kbefore exit
QS Quantumscape Corp. call Sold out 28,000 $13Kbefore exit
F Ford Motor Co. call Sold out 103,300 $7Kbefore exit
BANC Banc of California Inc. call Sold out 25,000 $4Kbefore exit

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