SEC 13F Intelligence

Managers / Q2 2021 · view latest →

JCSD Capital, LLC

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

Reported Value
$111M
Q2 2021
Positions
63
Filings on Record
26
2019–present window
Filed
Aug 9, 2021
original filing

Summary

Jcsd Capital, LLC reported $111M in U.S.-listed holdings across 63 positions for Q2 2021.

Its largest position, First Bancshares Inc Ms, represents 6.7% of the portfolio.

Compared with Q1 2021, the fund opened 13 new positions and exited 17.

Portfolio Metrics

Turnover
+16.8%
vs prior filed quarter
Top-10 Concentration
+41.8%
share of reported value
Largest Position
+6.7%
First Bancshares Inc Ms
New / Exited
13 / 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
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: 82.0%Other: 18.0%
  • Common Stock · 82.0% · $91M
  • Other · 18.0% · $20M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EBMTEagle Bancorp Montana IncNEW+93.5K93.5K+$2M$2M
BANCBanc of California IncNEW+120.0K120.0K+$2M$2M
FNWBFirst Northwest BancorpNEW+104.9K104.9K+$2M$2M
XYZSquare Inc CL ANEW+5.9K5.9K+$1M$1M
FSBCFive Star BancorpNEW+59.5K59.5K+$1M$1M
New York Cmnty Bancorp IncNEW+100.0K100.0K+$1M$1M
California Bancorp IncNEW+40.3K40.3K+$753,000$753,000
Bancorpsouth Bk Tupelo MissNEW+20.0K20.0K+$567,000$567,000

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

Holdings — Q2 2021

50 positions
#IssuerClass% PortfolioValueShares
1First Bancshares Inc MScommon6.70%$7M198.4K
2FFBBCommunities First Financial Corphistory →common6.28%$7M161.8K
3AMTBBAmerant Bancorp CL Bhistory →common4.75%$5M269.6K
4UBABUnited Bancorporation Ala CL Ahistory →common4.23%$5M157.6K
5FBKFB Financial Corphistory →common3.58%$4M106.2K
6Pacific Premier Bancorpcommon3.43%$4M89.9K
7RVSBRiverview Bancorp Inchistory →common3.33%$4M520.6K
8WALWestern Alliance Bancorphistory →common3.28%$4M39.1K
9FBNCFirst Bancorp NChistory →common3.15%$3M85.4K
10Pacwest Bancorp DELcommon3.04%$3M82.0K
11RBNCReliant Bancorphistory →common2.93%$3M117.2K
12Grandsouth Bancorporationcommon2.88%$3M127.9K
13US Metro Bankcommon2.79%$3M890.1K
14UCBUnited Community Banks Blairsvle GAhistory →common2.63%$3M91.0K
15NCINO Inccommon2.59%$3M48.0K
16NTBBank of NT Butterfield & Sonhistory →common2.22%$2M69.4K
17Pacific West Bankcommon2.20%$2M162.6K
18UCUSDVoyager Digital Ltdhistory →common2.17%$2M141.2K
19XHCHeritage Commerce Corphistory →common2.03%$2M201.8K
20Paysafe Limited Ordcommon1.97%$2M180.5K
21ABCBAmeris Bancorphistory →common1.97%$2M43.2K
22EBMTEagle Bancorp Montana Inchistory →common1.94%$2M93.5K
23BANCBanc of California Inchistory →common1.90%$2M120.0K
24FNWBFirst Northwest Bancorphistory →common1.66%$2M104.9K
25ORPBOregon Pacific Bancorphistory →common1.63%$2M258.3K
26FIBKFirst Intst Bancsystem CL Ahistory →common1.51%$2M40.0K
27PYPLPaypal Holdings Inchistory →common1.47%$2M5.6K
28McHenry Bancorp, Inc.common1.47%$2M17.26M
29Lakeland Bancorp Inccommon1.37%$2M87.2K
30XYZSquare Inc CL Ahistory →common1.30%$1M5.9K
31FSBCFive Star Bancorphistory →common1.30%$1M59.5K
32Intelligent Systems Corp Newcommon1.22%$1M43.1K
33Flushing Financialcommon1.16%$1M60.0K
34Metro Phoenix Bankcommon1.15%$1M73.7K
35GSBCGreat Southn Bancorphistory →common1.07%$1M22.1K
36South State Corpcommon1.03%$1M14.0K
37New York Cmnty Bancorp Inccommon0.99%$1M100.0K
38GWBKGateway Bank FSBcommon0.95%$1M3.00M
39MVBFMVB Financialcommon0.94%$1M24.5K
40Figure Acquisition Corp IUnit0.80%$886,00085.5K
41California Bancorp Inccommon0.68%$753,00040.3K
42PAYA Holdings Inc CL Acommon0.62%$683,00062.0K
43Bancorpsouth Bk Tupelo Misscommon0.51%$567,00020.0K
44FOURShift4 Pmts Inccommon0.51%$562,0006.0K
45CCBCoastal Financial Corporation WAcommon0.50%$557,00019.5K
46VBTXVeritex Holdings Inccommon0.48%$531,00015.0K
47PAYSPaysign Inc.common0.08%$85,00026.6K
48CCitigroupcommon0.01%$7,000100
49UBSIUnited Bankshares Inc West VAcommon0.00%$4,000100
50TFINTriumph Bancorp Inccommon0.00%$1,00015

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 ↗.