SEC 13F Intelligence

Managers / Q4 2019 · view latest →

JCSD Capital, LLC

CIK 0001444055 · 1981 N. BROADWAY BLVD., SUITE 270, WALNUT CREEK, CA, 94596 · 925-838-0760

Reported Value
$134M
Q4 2019
Positions
48
Filings on Record
26
2019–present window
Filed
Feb 13, 2020
original filing

Summary

Jcsd Capital, LLC reported $134M in U.S.-listed holdings across 48 positions for Q4 2019.

Its largest position, First Bancshares Inc Ms, represents 7.1% of the portfolio.

Compared with Q3 2019, the fund opened 3 new positions and exited 9.

Portfolio Metrics

Turnover
+8.0%
vs prior filed quarter
Top-10 Concentration
+46.6%
share of reported value
Largest Position
+7.1%
First Bancshares Inc Ms
New / Exited
3 / 9
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
Q4 ’18: $138MQ4 ’18Q1 ’19: $135MQ2 ’19: $148MQ3 ’19: $128MQ4 ’19: $134MQ4 ’19Q1 ’20: $87MQ2 ’20: $69MQ3 ’20: $82MQ4 ’20: $89MQ4 ’20Q1 ’21: $103MQ2 ’21: $111MQ3 ’21: $105MQ4 ’21: $105MQ4 ’21Q1 ’22: $103MQ2 ’22: $87MQ3 ’22: $75MQ4 ’22: $75MQ4 ’22Q1 ’23: $62MQ2 ’23: $53MQ3 ’23: $49MQ4 ’23: $33MQ4 ’23Q2 ’25: $76MQ3 ’25: $117MQ4 ’25: $85MQ1 ’26: $95MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 76.7%Other: 21.1%REIT: 2.2%
  • Common Stock · 76.7% · $103M
  • Other · 21.1% · $28M
  • REIT · 2.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISTRInvestar Holding CorpNEW+86.0K86.0K+$2M$2M
GWBKGateway Bank FSBNEW+3.00M3.00M+$1M$1M
SPDR Bloomberg BRCLYS HI YD Bond ETF Jun 19 2020 105NEW+150150+$17,000$17,000
iShares Trust Barclays 7-10 YR Mar 20 2020 111ADDED+350680−$47,000$31,000
TFINTriumph Bancorp IncSOLD OUT−50.0K0−$2M$0
BankFinancial CorpSOLD OUT−72.9K0−$867,000$0
Ameris Bancorp Oct 18 2019 35SOLD OUT−1700−$99,000$0
SVB Financial GroupSOLD OUT−4000−$84,000$0

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

Holdings — Q4 2019

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1First Bancshares Inc MScommon7.10%$10M268.0K
2ABCBAmeris Bancorphistory →common5.94%$8M187.1K
3UBABUnited Bancorporation Ala CL Ahistory →common5.14%$7M243.9K
4MNSBMainStreet Bancshares Inchistory →common4.79%$6M279.3K
5Grandsouth Bancorporationcommon4.56%$6M340.0K
6Pacific Premier Bancorpcommon4.43%$6M182.0K
7Pacwest Bancorp DELcommon3.90%$5M136.5K
8FBNCFirst Bancorp NChistory →common3.87%$5M130.0K
9WALWestern Alliance Bancorphistory →common3.51%$5M82.4K
10SLCTSelect Bancorp Inchistory →common3.33%$4M362.9K
11Franklin Financial Networkcommon3.20%$4M125.0K
12FIBKFirst Intst Bancsystem CL Ahistory →common3.03%$4M97.0K
13FBNCFirst Midwest Bancorp DELhistory →common2.79%$4M162.3K
14BUSEFirst Busey Corphistory →common2.77%$4M135.1K
15OPBKOP Bancorphistory →common2.60%$3M336.1K
16FFBBCommunities First Financial Corphistory →common2.48%$3M115.5K
17US Metro Bankcommon2.28%$3M762.8K
18Pacific West Bankcommon2.21%$3M207.2K
19Evans Bancorp Inccommon2.14%$3M71.5K
20Bank of Commerce Holdingscommon2.06%$3M238.7K
21ONBOld Natl Bancorp INDhistory →common2.05%$3M150.0K
22XHCHeritage Commerce Corphistory →common1.96%$3M205.0K
23Metro Phoenix Bankcommon1.93%$3M176.7K
24MFA Financial Inccommon1.74%$2M305.0K
25Synovus Financial Corpcommon1.73%$2M59.3K
26Pioneer Bancshares, Inc.common1.73%$2M80.0K
27ORPBOregon Pacific Bancorphistory →common1.65%$2M353.8K
28ISTRInvestar Holding Corphistory →common1.54%$2M86.0K
29SVBISevern Bancorp Annapolis MDhistory →common1.31%$2M188.7K
30VBTXVeritex Holdings Inchistory →common1.20%$2M55.3K
31BFTLBank of Fincastlehistory →common1.17%$2M491.3K
32McHenry Bancorp, Inc.common1.16%$2M15.00M
33Lakeland Bancorp Inccommon1.13%$2M87.2K
34CECLCecil Bancorp, Inc.history →common1.10%$1M367.5K
35HOMBHome Bancshares, Inc.history →common1.04%$1M70.9K
36Citizens Commerce Bancshares, Inc.common1.02%$1M195.9K
37PMHGPrime Meridian Holding Companycommon0.98%$1M63.9K
38CalWest Bancorpcommon0.91%$1M2.89M
39GWBKGateway Bank FSBcommon0.76%$1M3.00M
40HOPEHope Bancorp Inccommon0.60%$806,00054.2K
41WBSWebster Financial Corp Conncommon0.60%$800,00015.0K
42RWTRedwood Trust Inccommon0.47%$629,00038.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$95M29Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$85M29Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$117M25Oct 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$76M26Aug 6, 202513F-HRchanges · EDGAR ↗
Q4 2023$33M20Jan 19, 202413F-HRchanges · EDGAR ↗
Q3 2023$49M30Nov 7, 202313F-HRchanges · EDGAR ↗
Q2 2023$53M41Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$62M50Apr 27, 202313F-HRchanges · EDGAR ↗
Q4 2022$75M67Jan 19, 202313F-HRchanges · EDGAR ↗
Q3 2022$75M76Oct 28, 202213F-HRchanges · EDGAR ↗
Q2 2022$87M88Jul 26, 202213F-HRchanges · EDGAR ↗
Q1 2022$103M75May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$105M67Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$105M67Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$111M63Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$103M73May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$89M62Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$82M52Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$69M33Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$87M41May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$134M48Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$128M52Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$148M57Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$135M55May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$138M53Feb 13, 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 ↗.