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SALZHAUER MICHAEL

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13F filer, CIK 1059543, NEW YORK, NY

SALZHAUER MICHAEL reported $208,405,488 across 93 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-20. Its ten largest share positions make up 65.12% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001059543-25-000003

Period
2025-09-30
Reported value
$208M
Holdings
93
Top 10 weight
65.12%
New
17
Sold out
4

Part of the filer group SALZHAUER MICHAEL

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BACadded+477,200$24.6M
XOPnew+774$3.12M
PGCadded+112,504$3.11M
TXNMnew+2,250$2.56M
Cadded+22,231$2.26M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SouthState Corpexited-31,581-$2.91M
PNCreduced-2,558-$514K
JPMreduced-1,453-$458K
BANCreduced-26,730-$442K
WFCreduced-16,000-$440K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001059543-25-000003, largest first. % of portfolio is the value over $193,482,743, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,051,103 shares; 2024Q4: 1,752,003 shares; 2025Q1: 843,103 shares; 2025Q2: 777,065 shares; 2025Q3: 1,254,265 shares 1,254,265$64.7M33.44%+477,200Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,645 shares; 2024Q4: 393,650 shares; 2025Q1: 63,855 shares; 2025Q2: 73,902 shares; 2025Q3: 96,133 shares 96,133$9.76M5.04%+22,231Timeline
FRSTPRIMIS FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 755,332 shares; 2024Q4: 756,258 shares; 2025Q1: 757,831 shares; 2025Q2: 758,851 shares; 2025Q3: 758,851 shares 758,851$7.98M4.12%0Timeline
WALWESTERN ALLIANCE BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,192 shares; 2024Q4: 17,895 shares; 2025Q1: 21,690 shares; 2025Q2: 44,663 shares; 2025Q3: 44,815 shares 44,815$7.5M3.88%+152Timeline
TCBXTHIRD COAST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,675 shares; 2024Q4: 37,675 shares; 2025Q1: 37,675 shares; 2025Q2: 37,675 shares; 2025Q3: 40,275 shares 40,275$7.32M3.78%+2,600Timeline
BANCBANC OF CALIFORNIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 290,539 shares; 2024Q4: 377,576 shares; 2025Q1: 490,200 shares; 2025Q2: 458,534 shares; 2025Q3: 431,804 shares 431,804$7.15M3.69%-26,730Timeline
PGCPEAPACK-GLADSTONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,538 shares; 2024Q4: 148,094 shares; 2025Q1: 161,802 shares; 2025Q2: 142,126 shares; 2025Q3: 254,630 shares 254,630$7.03M3.63%+112,504Timeline
SBCFSEACOAST BKG CORP FLAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,681 shares; 2024Q4: 206,681 shares; 2025Q1: 184,614 shares; 2025Q2: 185,667 shares; 2025Q3: 195,667 shares 195,667$5.95M3.08%+10,000Timeline
FSUNFIRSTSUN CAP BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 50,525 shares; 2025Q1: 56,804 shares; 2025Q2: 86,553 shares; 2025Q3: 125,601 shares 125,601$4.87M2.52%+39,048Timeline
WSFSWSFS FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,309 shares; 2024Q4: 21,309 shares; 2025Q1: 21,309 shares; 2025Q2: 19,329 shares; 2025Q3: 19,329 shares 19,329$3.74M1.93%0Timeline
PNFPPINNACLE FINANCIAL PARTNERSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,329 shares; 2024Q4: 47,323 shares; 2025Q1: 47,323 shares; 2025Q2: 36,837 shares; 2025Q3: 36,837 shares 36,837$3.45M1.79%0Timeline
FBKFB FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,520 shares; 2024Q4: 61,520 shares; 2025Q1: 61,520 shares; 2025Q2: 58,694 shares; 2025Q3: 58,694 shares 58,694$3.27M1.69%0Timeline
XOPSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 774 shares 774$3.12M1.61%newTimeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 427 shares; 2024Q4: 5,427 shares; 2025Q1: 7,739 shares; 2025Q2: 13,304 shares; 2025Q3: 14,504 shares 14,504$3.08M1.59%+1,200Timeline
MCBMETROPOLITAN BK HLDG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,105 shares; 2024Q4: 41,703 shares; 2025Q1: 45,171 shares; 2025Q2: 40,568 shares; 2025Q3: 40,455 shares 40,455$3.03M1.56%-113Timeline
HTBHOMETRUST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,950 shares; 2024Q4: 40,950 shares; 2025Q1: 45,765 shares; 2025Q2: 51,088 shares; 2025Q3: 70,505 shares 70,505$2.89M1.49%+19,417Timeline
TXNMTXNM ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,250 shares 2,250$2.56M1.32%newTimeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 123,033 shares; 2024Q4: 133,733 shares; 2025Q1: 130,233 shares; 2025Q2: 104,707 shares; 2025Q3: 88,707 shares 88,707$2.44M1.26%-16,000Timeline
CMACOMERICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,271 shares; 2024Q4: 165,971 shares; 2025Q1: 42,371 shares; 2025Q2: 30,599 shares; 2025Q3: 30,520 shares 30,520$2.09M1.08%-79Timeline
VZVERIZON COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,628 shares; 2025Q3: 7,528 shares 7,528$2.07M1.07%+1,900Timeline
PNCPNC FINL SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,490 shares; 2024Q4: 14,490 shares; 2025Q1: 14,490 shares; 2025Q2: 12,156 shares; 2025Q3: 9,598 shares 9,598$1.93M1%-2,558Timeline
DCOMDIME COML BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,834 shares; 2024Q4: 61,834 shares; 2025Q1: 72,367 shares; 2025Q2: 62,202 shares; 2025Q3: 62,202 shares 62,202$1.86M0.96%0Timeline
RFREGIONS FINANCIAL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 71,833 shares; 2024Q4: 70,833 shares; 2025Q1: 70,833 shares; 2025Q2: 67,950 shares; 2025Q3: 66,450 shares 66,450$1.75M0.91%-1,500Timeline
CNOBCONNECTONE BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,260 shares; 2024Q4: 76,496 shares; 2025Q1: 76,696 shares; 2025Q2: 66,696 shares; 2025Q3: 66,891 shares 66,891$1.66M0.86%+195Timeline
PFSPROVIDENT FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 59,843 shares; 2024Q4: 59,843 shares; 2025Q1: 70,201 shares; 2025Q2: 64,449 shares; 2025Q3: 85,398 shares 85,398$1.65M0.85%+20,949Timeline
VODVODAFONE GROUP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 118 shares 118$1.58MnewValue about 1,000 times the price other filers imply, kept as filed and left out of ratios.Timeline
HAFCHANMI FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,609 shares; 2024Q4: 68,143 shares; 2025Q1: 68,143 shares; 2025Q2: 45,546 shares; 2025Q3: 62,163 shares 62,163$1.53M0.79%+16,617Timeline
TOWNTOWNEBANK PORTSMOUTH VAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,533 shares; 2024Q4: 30,533 shares; 2025Q1: 30,533 shares; 2025Q2: 29,071 shares; 2025Q3: 29,071 shares 29,071$1.52M0.78%0Timeline
HWCHANCOCK WHITNEY CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,796 shares; 2024Q4: 23,796 shares; 2025Q1: 24,196 shares; 2025Q2: 23,132 shares; 2025Q3: 23,132 shares 23,132$1.45M0.75%0Timeline
SNVSYNOVUS FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 217,993 shares; 2024Q4: 203,926 shares; 2025Q1: 168,761 shares; 2025Q2: 157,128 shares; 2025Q3: 151,335 shares 151,335$1.21M0.62%-5,793Timeline
CFGCITIZENS FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,801 shares; 2024Q4: 179,301 shares; 2025Q1: 19,301 shares; 2025Q2: 18,591 shares; 2025Q3: 21,391 shares 21,391$1.14M0.59%+2,800Timeline
KEYKEYCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,348 shares; 2024Q4: 74,848 shares; 2025Q1: 55,351 shares; 2025Q2: 55,614 shares; 2025Q3: 55,614 shares 55,614$1.04M0.54%0Timeline
ZIONZIONS BANCORPORATION NATL ASQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,200 shares; 2024Q4: 5,200 shares; 2025Q1: 5,200 shares; 2025Q2: 5,200 shares; 2025Q3: 5,200 shares 5,200$1.03M0.53%0Timeline
FHNFIRST HORIZON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,618 shares; 2024Q4: 258,618 shares; 2025Q1: 39,119 shares; 2025Q2: 44,996 shares; 2025Q3: 44,996 shares 44,996$1.02M0.53%0Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,720 shares; 2024Q4: 5,168 shares; 2025Q1: 5,168 shares; 2025Q2: 4,668 shares; 2025Q3: 3,215 shares 3,215$1.01M0.52%-1,453Timeline
TRVTRAVELERS COMPANIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 700 shares 700$1M0.52%newTimeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,418 shares; 2024Q4: 3,418 shares; 2025Q1: 3,418 shares; 2025Q2: 3,418 shares; 2025Q3: 3,418 shares 3,418$870K0.45%0Timeline
QCRHQCR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,328 shares; 2024Q4: 6,328 shares; 2025Q1: 6,428 shares; 2025Q2: 6,428 shares; 2025Q3: 10,847 shares 10,847$820K0.42%+4,419Timeline
BAFNBAYFIRST FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,077 shares; 2024Q4: 55,077 shares; 2025Q1: 44,932 shares; 2025Q2: 42,431 shares; 2025Q3: 68,876 shares 68,876$720K0.37%+26,445Timeline
COSOCOASTALSOUTH BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 32,746 shares 32,746$714K0.37%newTimeline
SSBSOUTHSTATE BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 31,581 shares 31,581$699K0.36%newTimeline
BPOPPOPULAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,594 shares; 2024Q4: 17,194 shares; 2025Q1: 17,194 shares; 2025Q2: 5,481 shares; 2025Q3: 5,394 shares 5,394$685K0.35%-87Timeline
MSMORGAN STANLEYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,225 shares; 2024Q4: 4,225 shares; 2025Q1: 4,225 shares; 2025Q2: 4,131 shares; 2025Q3: 4,131 shares 4,131$657K0.34%0Timeline
CFBKCF BANKSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,575 shares; 2024Q4: 26,764 shares; 2025Q1: 26,764 shares; 2025Q2: 26,764 shares; 2025Q3: 26,764 shares 26,764$641K0.33%0Timeline
CBFVCB FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,203 shares; 2024Q4: 34,203 shares; 2025Q1: 19,203 shares; 2025Q2: 19,203 shares; 2025Q3: 18,903 shares 18,903$628K0.32%-300Timeline
SMBKSMARTFINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 238,789 shares; 2024Q4: 238,789 shares; 2025Q1: 239,139 shares; 2025Q2: 225,903 shares; 2025Q3: 225,903 shares 225,903$608K0.31%0Timeline
AUBATLANTIC UN BANKSHARES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,713 shares; 2024Q4: 22,713 shares; 2025Q1: 22,713 shares; 2025Q2: 16,578 shares; 2025Q3: 16,578 shares 16,578$585K0.3%0Timeline
COLBCOLUMBIA BKG SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,286 shares; 2024Q4: 15,286 shares; 2025Q1: 22,686 shares; 2025Q2: 22,686 shares; 2025Q3: 22,686 shares 22,686$584K0.3%0Timeline
METMETLIFE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,886 shares; 2024Q4: 6,886 shares; 2025Q1: 6,886 shares; 2025Q2: 6,886 shares; 2025Q3: 6,886 shares 6,886$567K0.29%0Timeline
VIGVANGUARD SPECIALIZED FUNDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 300 shares 300$554K0.29%newTimeline
TAT&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 12,398 shares; 2025Q2: 14,998 shares; 2025Q3: 19,498 shares 19,498$551K0.28%+4,500Timeline
ABCBAMERIS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,376 shares; 2024Q4: 12,376 shares; 2025Q1: 12,376 shares; 2025Q2: 7,376 shares; 2025Q3: 7,376 shares 7,376$541K0.28%0Timeline
CARECARTER BANKSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,744 shares; 2025Q3: 27,744 shares 27,744$539K0.28%+17,000Timeline
UPSUNITED PARCEL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 369 shares 369$534K0.28%newTimeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,500 shares; 2024Q4: 4,500 shares; 2025Q1: 4,500 shares; 2025Q2: 4,500 shares; 2025Q3: 4,500 shares 4,500$507K0.26%0Timeline
ORRFORRSTOWN FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,900 shares; 2024Q4: 15,000 shares; 2025Q1: 15,000 shares; 2025Q2: 13,734 shares; 2025Q3: 13,734 shares 13,734$467K0.24%0Timeline
USCBUSCB FINANCIAL HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,000 shares; 2024Q4: 29,269 shares; 2025Q1: 29,269 shares; 2025Q2: 31,729 shares; 2025Q3: 31,729 shares 31,729$466K0.24%0Timeline
CIVBCIVISTA BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,420 shares; 2024Q4: 19,420 shares; 2025Q1: 19,420 shares; 2025Q2: 19,420 shares; 2025Q3: 19,420 shares 19,420$394K0.2%0Timeline
SPFISOUTH PLAINS FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,708 shares; 2024Q4: 18,708 shares; 2025Q1: 18,708 shares; 2025Q2: 18,708 shares; 2025Q3: 18,708 shares 18,708$377K0.19%0Timeline
VBNKVERSABANK NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 16,843 shares; 2025Q3: 21,443 shares 21,443$331K0.17%+4,600Timeline
HBANHUNTINGTON BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,337 shares; 2024Q4: 16,337 shares; 2025Q1: 14,337 shares; 2025Q2: 19,037 shares; 2025Q3: 19,037 shares 19,037$329K0.17%0Timeline
UCBUNITED CMNTY BKS BLAIRSVLE GQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,032 shares; 2024Q4: 17,032 shares; 2025Q1: 17,032 shares; 2025Q2: 17,032 shares; 2025Q3: 17,032 shares 17,032$304K0.16%0Timeline
HIGHARTFORD INSURANCE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,246 shares; 2024Q4: 2,246 shares; 2025Q1: 2,246 shares; 2025Q2: 2,246 shares; 2025Q3: 2,246 shares 2,246$300K0.15%0Timeline
AFBIAFFINITY BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,027 shares; 2025Q3: 15,027 shares 15,027$296K0.15%0Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 12 shares 12$294K0.15%newTimeline
BOTJBANK OF THE JAMES FINL GP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,990 shares; 2024Q4: 18,990 shares; 2025Q1: 18,690 shares; 2025Q2: 18,690 shares; 2025Q3: 18,690 shares 18,690$292K0.15%0Timeline
ALLALLSTATE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,287 shares; 2024Q4: 1,287 shares; 2025Q1: 1,287 shares; 2025Q2: 1,287 shares; 2025Q3: 1,287 shares 1,287$276K0.14%0Timeline
BMNRBITMINE IMMERSION TECHS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,300 shares 5,300$275K0.14%newTimeline
TFCTRUIST FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,172 shares; 2024Q4: 72,242 shares; 2025Q1: 72,384 shares; 2025Q2: 57,327 shares; 2025Q3: 57,327 shares 57,327$274K0.14%0Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 800 shares; 2024Q4: 800 shares; 2025Q1: 800 shares; 2025Q2: 800 shares; 2025Q3: 800 shares 800$273K0.14%0Timeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,107 shares; 2024Q4: 6,117 shares; 2025Q1: 6,117 shares; 2025Q2: 6,117 shares; 2025Q3: 6,053 shares 6,053$273K0.14%-64Timeline
VIRVIR BIOTECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,300 shares 4,300$262K0.14%newTimeline
INDBINDEPENDENT BK CORP MASSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,529 shares; 2024Q4: 3,529 shares; 2025Q1: 3,529 shares; 2025Q2: 3,529 shares; 2025Q3: 3,529 shares 3,529$244K0.13%0Timeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 824 shares; 2024Q4: 824 shares; 2025Q1: 824 shares; 2025Q2: 824 shares; 2025Q3: 824 shares 824$233K0.12%0Timeline
MSGSMADISON SQUARE GRDN SPRT CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 992 shares; 2024Q4: 992 shares; 2025Q1: not reported; 2025Q2: 2,306 shares; 2025Q3: 992 shares 992$225K0.12%-1,314Timeline
FDLFIRST TR EXCHANGE-TRADED FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,675 shares; 2025Q2: not reported; 2025Q3: 4,753 shares 4,753$206K0.11%newTimeline
SSBISUMMIT ST BK SANTA ROSA CALIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,452 shares; 2024Q4: 102,046 shares; 2025Q1: 96,046 shares; 2025Q2: 92,499 shares; 2025Q3: 92,499 shares 92,499$94.5K0.05%0Timeline
VERITEX HLDGS INCVERITEX HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,398 shares; 2024Q4: 49,177 shares; 2025Q1: 59,361 shares; 2025Q2: 65,161 shares; 2025Q3: 61,680 shares 61,680$64.7K0.03%-3,481
WBSWEBSTER FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,697 shares; 2024Q4: 37,964 shares; 2025Q1: 41,725 shares; 2025Q2: 40,289 shares; 2025Q3: 40,289 shares 40,289$48.9K0.03%0Timeline
UBFOUNITED SEC BANCSHARES CALIFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,071 shares; 2024Q4: 18,181 shares; 2025Q1: 18,181 shares; 2025Q2: 18,181 shares; 2025Q3: 27,985 shares 27,985$38.9K0.02%+9,804Timeline
VABKVIRGINIA NATL BK CHRLOTSVLEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,052 shares; 2024Q4: 41,052 shares; 2025Q1: 41,052 shares; 2025Q2: 41,033 shares; 2025Q3: 41,033 shares 41,033$37.6K0.02%0Timeline
SHBISHORE BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,057 shares; 2024Q4: 72,057 shares; 2025Q1: 72,057 shares; 2025Q2: 72,057 shares; 2025Q3: 72,057 shares 72,057$5.63K0Value about 1/1,000 of the price other filers imply, kept as filed and left out of ratios.Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
CCITIGROUP INC COMcall362,400$6.4M-137,500
BACBANK OF AMER CORP COMcall400,000$4.99M-300,000
CMACOMERICA INC COMcall53,700$577K0
UWMCUWM HOLDINGS CORPORATION Stockcall425,000$541K+100,000
FHNFIRST HORIZON CORPORATION Common Capital Stock, par value $0.625 per sharecall310,000$457K+90,000
WFCWELLS FARGO & CO COMcall24,500$146K-52,500
VLYVALLEY NATL BANCORP COMcall150,000$120Knew
ARANTERO RESOURCES CORP Stockcall35,000$71.8Knew
EGBNEAGLE BANCORPORATION INC COMcall20,000$21Knew
FLGFLAGSTAR BANK NATIONAL ASSOC COM NEWcall80,000$16Knew
VIRVIR BIOTECHNOLOGY INC COMcall8,600$2.49Knew

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SouthState CorpSouthState Corp31,581$2.91Mshares
UWMCUWM HOLDINGS CORPORATION70,000$290Kshares
OPBKOP BANCORP15,084$196Kshares
CUECUE BIOPHARMA INC16,000$10.9Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001059543-25-000003 base2025-10-20acceptance time not in the bulk data set