Salzhauer Michael Portfolio Analysis: Q2 2026 Activity Report

For the quarter ending June 30th, 2026 (Q2 2026), Salzhauer Michael, managing a portfolio valued at approximately $247.4 million as of that date, demonstrated notable activity within the Financial Services sector.

Purchase Activity in Q2 2026

Several holdings saw an increase during this period, indicating confidence or strategic interest from Salzhauer Michael. Amerant Bancorp Inc (AMTB) experienced a significant 150% increase in shares held, suggesting a major purchase. Similarly, Green Dot Corp (GDOT) saw its position grow by 100%, representing another substantial addition to the portfolio.

Other purchases included smaller increases for certain stocks. For instance, Capital One Finl Corp (COF) showed an increase in shares, although not as dramatic as AMTB or GDOT. Additionally, Valley Ntl Bancorp (VLY), Blue Ridge Bankshares Inc VA (BRBS), and SmartFinancial Inc (SMBK) also saw their share counts rise during Q2 2026.

Sale Activity in Q2 2026

The portfolio also reflected significant reductions for several Financial Services companies. CitiGroup Inc (C), a major holding, experienced the most drastic decrease with an 89% reduction in shares and over $17 million change in value.

Wells Fargo & Co (WFC) was another key stock that saw substantial selling activity, with nearly a 41% reduction in its position. Several other smaller positions within Financial Services were also reduced or exited: Citizens Finl Group Inc (CFG), KeyCorp (KEY), First Horizon Corporation (FHN), and Primis Financial Corp (FRST). Furthermore, Bank of America Corp (BAC) saw a decrease of almost 30%, while PEapack-Gladstone Finl Corp (PGC) and Banc of California Inc (BANC) also reduced their allocations.

Overall Portfolio Implications

The changes observed in Q2 2026 primarily affected the Financial Services sector, which remains overwhelmingly dominant at nearly 98.5% allocation as per Salzhauer Michael's latest filing.

The investor sold positions in several large-cap financial institutions (C, WFC) and also reduced holdings of mid-cap or smaller entities like CFG, KEY, FHN, and FRST. Conversely, they increased stakes in AMTB and GDOT, which are generally considered smaller companies by industry standards. This pattern suggests a focus on capital preservation alongside potential strategic interest in specific opportunities within the sector.

For more detailed information about Salzhauer Michael's portfolio holdings and performance, please refer to their latest filing. You can also explore individual stock profiles for a deeper dive into the companies mentioned.