SEC 13F Intelligence

Managers / Q1 2020 · view latest →

FSI GROUP, LLC

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

Reported Value
$4M
Q1 2020
Positions
22
Filings on Record
7
2019–present window
Filed
Apr 23, 2020
original filing

Summary

Fsi Group, LLC reported $4M in U.S.-listed holdings across 22 positions for Q1 2020.

The portfolio is heavily concentrated: Far Pt Acquisition alone accounts for 92.1% of reported value.

Compared with Q4 2019, the fund opened 2 new positions and exited 17.

Portfolio Metrics

Turnover
+8.8%
vs prior filed quarter
Top-10 Concentration
+97.0%
share of reported value
Largest Position
+92.1%
Far Pt Acquisition
New / Exited
2 / 17
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
Other: 92.4%Common Stock: 7.6%
  • Other · 92.4% · $4M
  • Common Stock · 7.6% · $296,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FAR PT ACQUISITION CORPNEW+350.0K350.0K+$4M$4M
FAR PT ACQUISITION CORPNEW+100.0K100.0K+$54,000$54,000
STTSTATE STR CORPSOLD OUT−100.7K0−$8M$0
CFGCITIZENS FINL GROUP INCSOLD OUT−186.5K0−$8M$0
GSGOLDMAN SACHS GROUP INCSOLD OUT−32.2K0−$7M$0
BNYBANK NEW YORK MELLON CORPSOLD OUT−144.5K0−$7M$0
CCITIGROUP INCSOLD OUT−87.0K0−$7M$0
AXPAMERICAN EXPRESS COSOLD OUT−54.0K0−$7M$0

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

Holdings — Q1 2020

21 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FAR PT ACQUISITION CORPCOM CL A · *W EXP 06/01/20292.13%$4M450.0K
2BACBK OF AMERICA CORPCOM0.64%$25,0001.2K
3WALWESTERN ALLIANCE BANCORPCOM0.61%$24,000792
4JPMJPMORGAN CHASE & COCOM0.59%$23,000257
5KEYKEYCORPCOM0.54%$21,0002.1K
6UCBUNITED CMNTY BKS BLAIRSVLE GCOM0.54%$21,0001.2K
7RFREGIONS FINANCIAL CORP NEWCOM0.51%$20,0002.2K
8FITBFIFTH THIRD BANCORPCOM0.49%$19,0001.3K
9WFCWELLS FARGO CO NEWCOM0.46%$18,000610
10SYNOVUS FINL CORPCOM NEW0.46%$18,0001.0K
11SVB FINANCIAL GROUPCOM0.38%$15,000100
12SOUTHERN NATL BANCORP OF VACOM0.38%$15,0001.5K
13BANRBANNER CORPCOM NEW0.36%$14,000422
14OSBCOLD SECOND BANCORP INC ILLCOM0.33%$13,0001.8K
15COFCAPITAL ONE FINL CORPCOM0.33%$13,000260
16PINNACLE FINL PARTNERS INCCOM0.28%$11,000298
17FBNCFIRST MIDWEST BANCORP DELCOM0.28%$11,000794
18STLSTERLING BANCORP DELCOM0.23%$9,000873
19HTBHOMETRUST BANCSHARES INCCOM0.20%$8,000511
20FRBKQREPUBLIC FIRST BANCORP INCCOM0.13%$5,0002.5K
21SHBISHORE BANCSHARES INCCOM0.10%$4,000379

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 ↗.