SEC 13F Intelligence

Managers / Q4 2021 · view latest →

JCSD Capital, LLC

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

Reported Value
$105M
Q4 2021
Positions
67
Filings on Record
26
2019–present window
Filed
Feb 7, 2022
original filing

Summary

Jcsd Capital, LLC reported $105M in U.S.-listed holdings across 67 positions for Q4 2021.

Its largest position, FFBB, represents 8.3% of the portfolio.

Compared with Q3 2021, the fund opened 16 new positions and exited 20.

Portfolio Metrics

Turnover
+22.5%
vs prior filed quarter
Top-10 Concentration
+45.3%
share of reported value
Largest Position
+8.3%
Communities First Financial
New / Exited
16 / 20
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: 84.4%Other: 15.6%
  • Common Stock · 84.4% · $89M
  • Other · 15.6% · $16M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CADECadence BankNEW+79.0K79.0K+$2M$2M
McHenry Bancorp, Inc.NEW+69.4K69.4K+$2M$2M
MNSBMainstreet Bancshares IncNEW+66.9K66.9K+$2M$2M
INBKFirst Internet BancorpNEW+33.5K33.5K+$2M$2M
BPOPPopular IncNEW+15.0K15.0K+$1M$1M
Nuvei Corporation Jun 17 2022 55NEW+500500+$885,000$885,000
BSVNBank7 CorpNEW+29.4K29.4K+$677,000$677,000
MAMastercard Incorporated CL ANEW+1.8K1.8K+$647,000$647,000

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

Holdings — Q4 2021

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FFBBCommunities First Financial Corphistory →common8.34%$9M152.6K
2First Bancshares Inc MScommon6.50%$7M176.4K
3US Metro Bankcommon4.44%$5M1.04M
4WALWestern Alliance Bancorphistory →common4.02%$4M39.1K
5RVSBRiverview Bancorp Inchistory →common3.92%$4M537.5K
6MCBMetropolitan Bk Hldghistory →common3.86%$4M38.0K
7AMTBBAmerant Bancorp CL Bhistory →common3.65%$4M110.8K
8CCBCoastal Financial Corporation WAhistory →common3.55%$4M73.5K
9SSBKSouthern Sts Bancshares Inchistory →common3.53%$4M189.2K
10Pacwest Bancorp DELcommon3.48%$4M80.9K
11RBNCReliant Bancorphistory →common3.46%$4M102.2K
12Grandsouth Bancorporationcommon3.25%$3M126.3K
13Pacific Premier Bancorpcommon3.05%$3M79.9K
14NTBBank of NT Butterfield & Sonhistory →common2.96%$3M81.3K
15FBNCFirst Bancorp NChistory →common2.94%$3M67.4K
16MVBFMVB Financialhistory →common2.60%$3M65.6K
17CADECadence Bankhistory →common2.24%$2M79.0K
18ABCBAmeris Bancorphistory →common2.21%$2M46.7K
19FNWBFirst Northwest Bancorphistory →common2.18%$2M112.9K
20UBABUnited Bancorporation Ala CL Ahistory →common2.04%$2M72.6K
21FBKFB Financial Corphistory →common1.97%$2M47.2K
22EBMTEagle Bancorp Montana Inchistory →common1.96%$2M89.4K
23Pacific West Bankcommon1.69%$2M134.6K
24McHenry Bancorp, Inc.common1.65%$2M69.4K
25XHCHeritage Commerce Corphistory →common1.61%$2M141.8K
26Lakeland Bancorp Inccommon1.58%$2M87.2K
27MNSBMainstreet Bancshares Inchistory →common1.57%$2M66.9K
28INBKFirst Internet Bancorphistory →common1.50%$2M33.5K
29Metro Phoenix Bankcommon1.48%$2M73.7K
30Flushing Financialcommon1.39%$1M60.0K
31NCINO Inccommon1.26%$1M24.0K
32BPOPPopular Inchistory →common1.17%$1M15.0K
33FIBKFirst Intst Bancsystem CL Ahistory →common1.16%$1M30.0K
34GWBKGateway Bank FSBhistory →common1.04%$1M3.00M
35Corecard Corporationcommon0.96%$1M25.9K
36BSVNBank7 Corpcommon0.65%$677,00029.4K
37MAMastercard Incorporated CL Acommon0.62%$647,0001.8K
38CECLCecil Bancorp, Inc.common0.53%$551,000367.5K
39GSGoldman Sachs Groupcommon0.37%$383,0001.0K
40ZIONZIONS Bancorporation NAcommon0.18%$189,0003.0K
41VBTXVeritex Holdings Inccommon0.15%$159,0004.0K
42UCBUnited Community Banks Blairsvle GAcommon0.14%$151,0004.2K
43PAYOPayoneer Global Inccommon0.03%$32,0004.3K
44TBBKBancorp Inc Delcommon0.03%$30,0001.2K
45XYZBlock Inc CL Acommon0.02%$16,000100
46CCitigroupcommon0.01%$6,000100
47FBIZFirst Business FINL SVCS Inccommon0.00%$3,000100
48Nuvei CorporationSUB VTG SHS0.00%$1,00010
49PAYSPaysign Inccommon0.00%$1,000116

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 ↗.