SEC 13F Intelligence

Managers / Q4 2020 · view latest →

JCSD Capital, LLC

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

Reported Value
$89M
Q4 2020
Positions
62
Filings on Record
26
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Jcsd Capital, LLC reported $89M in U.S.-listed holdings across 62 positions for Q4 2020.

Its largest position, First Bancshares Inc Ms, represents 7.3% of the portfolio.

Compared with Q3 2020, the fund opened 20 new positions and exited 10.

Portfolio Metrics

Turnover
+25.7%
vs prior filed quarter
Top-10 Concentration
+47.7%
share of reported value
Largest Position
+7.3%
First Bancshares Inc Ms
New / Exited
20 / 10
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: 80.5%Other: 19.5%
  • Common Stock · 80.5% · $72M
  • Other · 19.5% · $17M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Flushing FinancialNEW+110.0K110.0K+$2M$2M
BFTFoley Trasimene Acquisition CL ANEW+101.0K101.0K+$2M$2M
Citigroup Jan 20 2023 37.50NEW+500500+$1M$1M
Intelligent Systems Corp NewNEW+25.1K25.1K+$1M$1M
NCINO IncNEW+10.0K10.0K+$724,000$724,000
MVBFMVB FinancialNEW+24.5K24.5K+$557,000$557,000
CCBCoastal Financial CorporationNEW+18.7K18.7K+$393,000$393,000
Paysign Inc. Jan 21 2022 5NEW+1.8K1.8K+$259,000$259,000

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

Holdings — Q4 2020

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1First Bancshares Inc MScommon7.27%$6M209.4K
2FFBBCommunities First Financial Corphistory →common6.44%$6M178.9K
3WALWestern Alliance Bancorphistory →common4.96%$4M73.6K
4FBKFB Financial Corphistory →common4.93%$4M126.2K
5Grandsouth Bancorporationcommon4.53%$4M263.8K
6UBABUnited Bancorporation Ala CL Ahistory →common4.51%$4M180.1K
7FBNCFirst Bancorp NChistory →common4.19%$4M110.4K
8Pacific Premier Bancorpcommon3.66%$3M103.9K
9ISTRInvestar Holding Corphistory →common3.63%$3M195.6K
10US Metro Bankcommon3.59%$3M1.11M
11UCBUnited Community Banks Inchistory →common3.20%$3M100.0K
12FIBKFirst Intst Bancsystem CL Ahistory →common3.14%$3M68.5K
13Pacwest Bancorp DELcommon2.85%$3M100.0K
14VBTXVeritex Holdings Inchistory →common2.81%$3M97.5K
15RBNCReliant Bancorphistory →common2.74%$2M131.2K
16XHCHeritage Commerce Corphistory →common2.45%$2M246.0K
17ORPBOregon Pacific Bancorphistory →common2.09%$2M358.3K
18Flushing Financialcommon2.06%$2M110.0K
19ABCBAmeris Bancorphistory →common2.03%$2M47.5K
20Pacific West Bankcommon2.02%$2M164.4K
21ONBOld Natl Bancorp INDhistory →common1.86%$2M100.0K
22BBTBerkshire Hill Bancorphistory →common1.74%$2M90.7K
23BFTFoley Trasimene Acquisition CL Ahistory →common1.71%$2M101.0K
24McHenry Bancorp, Inc.common1.70%$2M17.26M
25Metro Phoenix Bankcommon1.70%$2M131.7K
26South State Corpcommon1.44%$1M17.7K
27BFTLBank of Fincastlehistory →common1.43%$1M563.9K
28Southcrest Financial Groupcommon1.37%$1M148.1K
29Lakeland Bancorp Inccommon1.24%$1M87.2K
30GWBKGateway Bank FSBhistory →common1.24%$1M3.00M
31UBSIUnited Bankshares Inchistory →common1.24%$1M34.0K
32Intelligent Systems Corp Newcommon1.13%$1M25.1K
33BPOPPopular Inchistory →common1.06%$946,00016.8K
34CECLCecil Bancorp, Inc.history →common1.02%$909,000367.5K
35NCINO Inccommon0.81%$724,00010.0K
36MVBFMVB Financialcommon0.63%$557,00024.5K
37CCBCoastal Financial Corporationcommon0.44%$393,00018.7K
38PAYSPaysign Inc.common0.25%$226,00048.7K
39CCitigroupcommon0.24%$210,0003.4K
40GSBCGreat Southn Bancorpcommon0.06%$53,0001.1K
41Canadian Imp BK COMM Jan 15 2021 85put0.04%$37,000400
42MNSBMainStreet Bancshares Inccommon0.01%$5,000315

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 ↗.