SEC 13F Intelligence

Managers / Q3 2019 · view latest →

FSI GROUP, LLC

CIK 0001041241 · 441 VINE STREET, SUITE 1300, CINCINNATI, OH, 45202 · 5132416166

Reported Value
$72M
Q3 2019
Positions
33
Filings on Record
7
2019–present window
Filed
Oct 23, 2019
original filing

Summary

Fsi Group, LLC reported $72M in U.S.-listed holdings across 33 positions for Q3 2019.

Its largest position, CFG, represents 9.3% of the portfolio.

Compared with Q2 2019, the fund opened 6 new positions and exited 3.

Portfolio Metrics

Turnover
+30.4%
vs prior filed quarter
Top-10 Concentration
+80.2%
share of reported value
Largest Position
+9.3%
Citizens Finl
New / Exited
6 / 3
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $93MQ1 ’19Q2 ’19: $84MQ2 ’19Q3 ’19: $72MQ3 ’19Q4 ’19: $78MQ4 ’19Q1 ’20: $4MQ1 ’20Q2 ’20: $25MQ2 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 99.7%Other: 0.3%
  • Common Stock · 99.7% · $72M
  • Other · 0.3% · $229,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CCITIGROUP INCNEW+83.7K83.7K+$6M$6M
GSGOLDMAN SACHS GROUP INCNEW+25.5K25.5K+$5M$5M
BLACKROCK INCNEW+11.7K11.7K+$5M$5M
MSMORGAN STANLEYNEW+89.5K89.5K+$4M$4M
RPAYREPAY HLDGS CORPNEW+198.5K198.5K+$3M$3M
EWBCEAST WEST BANCORP INCNEW+9.0K9.0K+$399,000$399,000
THUNDER BRIDGE ACQUISITION LSOLD OUT−198.5K0−$2M$0
SCHWTHE CHARLES SCHWAB CORPORATISOLD OUT−50.0K0−$2M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CFGCITIZENS FINL GROUP INChistory →COM9.26%$7M189.8K
2WFCWELLS FARGO CO NEWhistory →COM9.10%$7M130.7K
3WALWESTERN ALLIANCE BANCORPhistory →COM9.08%$7M142.7K
4AXPAMERICAN EXPRESS COhistory →COM8.97%$6M54.9K
5FITBFIFTH THIRD BANCORPhistory →COM8.92%$6M236.1K
6CCITIGROUP INChistory →COM NEW7.98%$6M83.7K
7GSGOLDMAN SACHS GROUP INChistory →COM7.28%$5M25.5K
8BLACKROCK INCCOM7.19%$5M11.7K
9BACBANK AMER CORPhistory →COM6.91%$5M171.7K
10SYNOVUS FINL CORPCOM NEW5.48%$4M111.0K
11MSMORGAN STANLEYhistory →COM NEW5.27%$4M89.5K
12RPAYREPAY HLDGS CORPhistory →COM CL A3.65%$3M198.5K
13SOUTHERN NATL BANCORP OF VACOM2.49%$2M117.1K
14UCBUNITED CMNTY BKS BLAIRSVLE GCOM0.71%$512,00018.1K
15FHNFIRST HORIZON NATL CORPCOM0.70%$509,00031.4K
16PACWEST BANCORP DELCOM0.69%$501,00013.8K
17KEYKEYCORP NEWCOM0.66%$481,00027.0K
18JPMJPMORGAN CHASE & COCOM0.56%$408,0003.5K
19ZIONZIONS BANCORPORATION N ACOM0.56%$404,0009.1K
20EWBCEAST WEST BANCORP INCCOM0.55%$399,0009.0K
21SVB FINL GROUPCOM0.55%$397,0001.9K
22CMACOMERICA INCCOM0.50%$362,0005.5K
23COFCAPITAL ONE FINL CORPCOM0.43%$315,0003.5K
24BANRBANNER CORPCOM NEW0.40%$291,0005.2K
25OSBCOLD SECOND BANCORP INC ILLCOM0.38%$278,00022.7K
26HTBHOMETRUST BANCSHARES INCCOM0.33%$242,0009.3K
27STLSTERLING BANCORP DELCOM0.32%$233,00011.6K
28PINNACLE FINL PARTNERS INCCOM0.32%$229,0004.0K
29FBNCFIRST MIDWEST BANCORP DELCOM0.28%$200,00010.3K
30FRBKQREPUBLIC FIRST BANCORP INCCOM0.17%$123,00029.2K
31SHBISHORE BANCSHARES INCCOM0.14%$104,0006.7K
32SBNYSIGNATURE BK NEW YORK N YCOM0.11%$83,000692
33RFREGIONS FINL CORP NEWCOM0.05%$35,0002.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2020Under review1Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$25M6Aug 5, 202013F-HRchanges · EDGAR ↗
Q1 2020$4M22Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$78M37Jan 29, 202013F-HRchanges · EDGAR ↗
Q3 2019$72M33Oct 23, 201913F-HRchanges · EDGAR ↗
Q2 2019$84M30Jul 25, 201913F-HRchanges · EDGAR ↗
Q1 2019$93M33May 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.