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Livermore
Livermore
ZHEN

Salzhauer Michael

SEC CIK
0001059543
Latest filing
Jul 20, 2026

The latest 13F from Salzhauer Michael covers Q2 2026 (filed Jul 20, 2026): 79 long positions worth $271.9M. The top 10 holdings make up 67.4% of the portfolio, and the largest is Bank of America Corp (BAC) at 31.3%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
9
Est. +$16.7M
Added
12
Est. +$10.7M
Reduced
21
Est. −$146.6M
Sold out
5
Est. −$1.44M

Top 5 holdings

Share of this quarter's portfolio value

  1. BACBank of America Corp
    31.3%$85.2MHistory
  2. CCitigroup Inc
    8.2%$22.2MHistory
  3. PNFPPinnacle Financial Partners, Inc.
    5.5%$15.0MHistory
  4. PGCPeapack Gladstone Financial Corp
    3.8%$10.3MHistory
  5. COFCapital One Financial Corp
    3.7%$10.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. PNFPPinnacle Financial Partners, Inc.
    +$15.0MNewHistory
  2. COFCapital One Financial Corp
    +$7.21MAddedHistory
  3. BHRBBurke & Herbert Financial Services Corp.
    +$1.04MAddedHistory
  4. TCBXThird Coast Bancshares, Inc.
    +$854.3KAddedHistory
  5. AMTBAmerant Bancorp Inc.
    +$765.6KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. PNFPPinnacle Financial Partners, Inc.
    +5.51 pp0.0% → 5.5%History
  2. COFCapital One Financial Corp
    +2.48 pp1.2% → 3.7%History
  3. BHRBBurke & Herbert Financial Services Corp.
    +0.36 pp0.2% → 0.5%History
  4. AMTBAmerant Bancorp Inc.
    +0.26 pp0.2% → 0.5%History
  5. TCBXThird Coast Bancshares, Inc.
    +0.19 pp0.7% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CCitigroup Inc
    −$79.7MReducedHistory
  2. BACBank of America Corp
    −$35.1MReducedHistory
  3. CFGCitizens Financial Group Inc
    −$7.01MReducedHistory
  4. WFCWells Fargo & Company
    −$4.84MReducedHistory
  5. KEYKeycorp
    −$4.16MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CCitigroup Inc
    −5.69 pp13.8% → 8.2%History
  2. FRSTPrimis Financial Corp.
    −1.48 pp4.3% → 2.8%History
  3. WFCWells Fargo & Company
    −0.88 pp3.4% → 2.6%History
  4. PGCPeapack Gladstone Financial Corp
    −0.47 pp4.2% → 3.8%History
  5. SBCFSeacoast Banking Corp of Florida
    −0.44 pp2.8% → 2.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$271.9M
+$59.7M (+28.1%) vs. prior quarter
Positions
79
+4 vs. prior quarter
Top 10 concentration
67.4%
Top 10 as share of value
Turnover
11.3%
Q2 2026, one quarter
Average holding period
17.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $271.9M (Q2 2026)

Q1 2021: $166.2MQ2 2021: $202.4MQ3 2021: $221.3MQ4 2021: $263.7MQ1 2022: $226.5MQ2 2022: $160.3MQ3 2022: $157.7MQ4 2022: $165.6MQ1 2023: $109.7MQ2 2023: $92.6MQ3 2023: $92.0MQ4 2023: $111.3MQ1 2024: $124.6MQ2 2024: $123.9MQ3 2024: $157.3MQ4 2024: $195.4MQ1 2025: $163.7MQ2 2025: $158.6MQ3 2025: $171.0MQ4 2025: $225.5MQ1 2026: $212.2MQ2 2026: $271.9M
Q1 2021Q2 2026
13F filings of Salzhauer Michael by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 202679$271.9MBACCPNFPvs. Q1 2026SEC
Q1 2026May 5, 202675$212.2MBACCFRSTvs. Q4 2025SEC
Q4 2025Feb 2, 202678$225.5MBACFRSTCvs. Q3 2025SEC
Q3 2025Oct 20, 202582$171.0MBACCFRSTvs. Q2 2025SEC
Q2 2025Aug 14, 202574$158.6MBACWFCFRSTvs. Q1 2025SEC
Q1 2025Apr 23, 202578$163.7MBACWFCSNVvs. Q4 2024SEC
Q4 2024Feb 13, 2025Amended80$195.4MBACSNVFRSTvs. Q3 2024SEC
Q3 2024Nov 7, 202478$157.3MBACSNVFRSTvs. Q2 2024SEC
Q2 2024Aug 9, 202473$123.9MBACSNVFRSTvs. Q1 2024SEC
Q1 2024Apr 26, 202479$124.6MBACFRSTSNVvs. Q4 2023SEC
Q4 2023Feb 14, 202473$111.3MBACFRSTSBCFvs. Q3 2023SEC
Q3 2023Nov 8, 202366$92.0MBACSNVSBCFvs. Q2 2023SEC
Q2 2023Aug 8, 202370$92.6MBACSNVSBCFvs. Q1 2023SEC
Q1 2023May 5, 202387$109.7MBACSNVFRSTvs. Q4 2022SEC
Q4 2022Feb 8, 202397$165.6MBACSNVFRSTvs. Q3 2022SEC
Q3 2022Nov 3, 202298$157.7MBACSNVFRSTvs. Q2 2022SEC
Q2 2022Aug 5, 202299$160.3MBACCOWNFRSTvs. Q1 2022SEC
Q1 2022May 10, 2022108$226.5MBACCOWNFRSTvs. Q4 2021SEC
Q4 2021Feb 4, 2022111$263.7MBACCOWNFRSTvs. Q3 2021SEC
Q3 2021Nov 12, 2021106$221.3MBACCOWNFRSTvs. Q2 2021SEC
Q2 2021Aug 6, 2021103$202.4MBACCOWNFRSTvs. Q1 2021SEC
Q1 2021May 12, 202191$166.2MBACCOWNFRST–SEC