SEC 13F Intelligence

Managers / Q1 2021 · view latest →

JCSD Capital, LLC

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

Reported Value
$103M
Q1 2021
Positions
73
Filings on Record
26
2019–present window
Filed
May 7, 2021
original filing

Summary

Jcsd Capital, LLC reported $103M in U.S.-listed holdings across 73 positions for Q1 2021.

Its largest position, First Bancshares Inc Ms, represents 7.4% of the portfolio.

Compared with Q4 2020, the fund opened 13 new positions and exited 5.

Portfolio Metrics

Turnover
+14.5%
vs prior filed quarter
Top-10 Concentration
+44.8%
share of reported value
Largest Position
+7.4%
First Bancshares Inc Ms
New / Exited
13 / 5
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: 78.4%Other: 21.6%
  • Common Stock · 78.4% · $81M
  • Other · 21.6% · $22M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMTBBAmerant Bancorp CL BNEW+185.5K185.5K+$3M$3M
UCUSDVoyager Digital LtdNEW+98.0K98.0K+$3M$3M
Paysafe Limited OrdNEW+125.5K125.5K+$2M$2M
PYPLPaypal Holdings IncNEW+5.6K5.6K+$1M$1M
Figure Acquisition Corp INEW+123.8K123.8K+$1M$1M
NTBBank of NT Butterfield & SonNEW+10.0K10.0K+$382,000$382,000
PAYA Holdings Inc CL ANEW+14.0K14.0K+$154,000$154,000
PAYA Holdings Inc CL A Aug 20 2021 10NEW+623623+$123,000$123,000

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

Holdings — Q1 2021

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1First Bancshares Inc MScommon7.42%$8M209.4K
2FFBBCommunities First Financial Corphistory →common6.43%$7M161.9K
3FBKFB Financial Corphistory →common5.09%$5M118.2K
4FBNCFirst Bancorp NChistory →common4.65%$5M110.4K
5UBABUnited Bancorporation Ala CL Ahistory →common4.42%$5M157.6K
6Pacific Premier Bancorpcommon3.78%$4M89.9K
7Pacwest Bancorp DELcommon3.58%$4M97.0K
8RBNCReliant Bancorphistory →common3.37%$3M121.2K
9FIBKFirst Intst Bancsystem CL Ahistory →common3.05%$3M68.5K
10UCBUnited Community Banks Inchistory →common3.01%$3M91.0K
11US Metro Bankcommon2.96%$3M940.1K
12AMTBBAmerant Bancorp CL Bhistory →common2.95%$3M185.5K
13XHCHeritage Commerce Corphistory →common2.73%$3M231.0K
14NCINO Inccommon2.58%$3M40.0K
15Grandsouth Bancorporationcommon2.58%$3M131.1K
16WALWestern Alliance Bancorphistory →common2.57%$3M28.1K
17UCUSDVoyager Digital Ltdhistory →common2.47%$3M98.0K
18ABCBAmeris Bancorphistory →common2.41%$2M47.5K
19Flushing Financialcommon2.26%$2M110.0K
20Pacific West Bankcommon2.16%$2M162.6K
21VBTXVeritex Holdings Inchistory →common1.76%$2M55.5K
22McHenry Bancorp, Inc.common1.72%$2M17.26M
23Paysafe Limited Ordcommon1.64%$2M125.5K
24ORPBOregon Pacific Bancorphistory →common1.58%$2M258.3K
25Southcrest Financial Groupcommon1.51%$2M148.1K
26Metro Phoenix Bankcommon1.49%$2M116.7K
27Lakeland Bancorp Inccommon1.47%$2M87.2K
28South State Corpcommon1.35%$1M17.7K
29PYPLPaypal Holdings Inchistory →common1.32%$1M5.6K
30UBSIUnited Bankshares Inc West VAhistory →common1.27%$1M34.0K
31Intelligent Systems Corp Newcommon1.23%$1M31.1K
32Figure Acquisition Corp IUnit1.21%$1M123.8K
33CECLCecil Bancorp, Inc.history →common1.20%$1M367.5K
34GWBKGateway Bank FSBhistory →common1.10%$1M3.00M
35MVBFMVB Financialcommon0.80%$830,00024.5K
36ONBOld Natl Bancorp INDcommon0.79%$812,00042.0K
37PAYSPaysign Inc.common0.49%$509,000116.4K
38CCBCoastal Financial Corporationcommon0.47%$490,00018.7K
39NTBBank of NT Butterfield & Soncommon0.37%$382,00010.0K
40CCitigroupcommon0.24%$247,0003.4K
41PAYA Holdings Inc CL Acommon0.15%$154,00014.0K
42GSBCGreat Southn Bancorpcommon0.06%$61,0001.1K
43RVSBRiverview Bancorp Inccommon0.01%$10,0001.5K
44BBTBerkshire Hill Bancorpcommon0.01%$9,000401

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 ↗.