SANDLER ONEILL ASSET MANAGEMENT LLC

Hedge Fund • Long/Short

SANDLER ONEILL ASSET MANAGEMENT LLC is a Long/Short Hedge Fund based in New York, NY led by Terry Anthony Maltese, reporting $831.1M in AUM as of Q3 2025 with 89% Financial Services concentration and minimal technology exposure.

PresidentTerry Anthony Maltese

Portfolio Value: $646.2M
Positions: 119
Top Holding: C at 3.29%
Last Reported: Q3 2025

Address1 Rockefeller Plaza, Second Floor, New York, NY, 10020, United States

Top Holdings

Largest long holdings in SANDLER ONEILL ASSET MANAGEMENT LLC's portfolio (24.5% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Citigroup C	Banks - Diversified Financial Services	$21.2M	3.29%	-$9.2M Sold	0.01% 209.3K shares	≤ Q2 2013 Held for 12y 5m+
2 Amerant Bancorp AMTB	Banks - Regional Financial Services	$18.6M	2.88%	-$1.5M Sold	2.32% 967.3K shares	Q3 2021 Held for 4y 2m
3 Western Alliance Bancorporation WAL	Banks - Regional Financial Services	$16.0M	2.48%	-$1.4M Sold	0.17% 185.0K shares	Q1 2023 Held for 2y 8m
4 National Bank Holdings NBHC	Banks - Regional Financial Services	$16.0M	2.48%	+$347.8K Bought	1.09% 414.0K shares	Q1 2021 Held for 4y 8m
5 Webster Financial Corporation WBS	Banks - Regional Financial Services	$16.0M	2.47%	+$523.1K Bought	0.16% 268.8K shares	Q1 2021 Held for 4y 8m
6 M&T Bank MTB	Banks - Regional Financial Services	$15.8M	2.45%	-$4.9M Sold	0.05% 80.0K shares	Q3 2018 Held for 7y 2m
7 SouthState SSB	Banks - Regional Financial Services	$14.1M	2.18%	+$2.0M Bought	0.14% 142.5K shares	Q3 2022 Held for 3y 2m
8 U.S. Bancorp USB	Banks - Regional Financial Services	$13.7M	2.12%	+$12.8M Bought	0.02% 284.0K shares	Q2 2023 Held for 2y 5m
9 MCHB Mechanics Bank MCHB	Unknown Unknown	$13.5M	2.09%	+$13.5M New	— 1.0M shares	Q3 2025 Held for 2 months
10 Horizon Bancorp HBNC	Banks - Regional Financial Services	$13.5M	2.09%	+$1.1M Bought	1.64% 841.7K shares	Q4 2023 Held for 1y 11m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in SANDLER ONEILL ASSET MANAGEMENT LLC's latest filing

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GthenC

Market Value

$646.2M

Prior: $706.4M

Q/Q Change

-8.52%

-$60.2M

Net Flows % of MV

-18.07%

Turnover Ratio

23.04%

New Purchases

6 stocks

$28.2M

Added To

34 stocks

+$53.8M

Sold Out Of

18 stocks

$64.5M

Reduced Holdings

64 stocks

-$134.3M

Increased Positions

Position	Shares Δ	Change
1 MCHB Mechanics Bank MCHB	New	0 → 1.0M +$13.5M
2 MIAX Miami International Holdings, Inc. MIAX	New	0 → 160.0K +$6.4M
3 BBT BB&T Corporation BBT	New	0 → 230.5K +$5.5M
4 BLSH Bullish BLSH	New	0 → 19.3K +$1.2M
5 Axos Financial AX	New	0 → 10.0K +$846.5K

Decreased Positions

Position	Shares Δ	Change
1 HomeStreet HMST	Sold	1.1M → 0 −$14.4M
2 Truist Financial TFC	Sold	215.0K → 0 −$9.2M
3 ESSA Bancorp ESSA	Sold	421.3K → 0 −$8.2M
4 Berkshire Hills Bancorp BHLB	Sold	257.5K → 0 −$6.4M
5 SEI Investments SEIC	Sold	45.0K → 0 −$4.0M