SEC 13F Intelligence

Managers / Q3 2022 · view latest →

JCSD Capital, LLC

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

Reported Value
$75M
Q3 2022
Positions
76
Filings on Record
26
2019–present window
Filed
Oct 28, 2022
original filing

Summary

Jcsd Capital, LLC reported $75M in U.S.-listed holdings across 76 positions for Q3 2022.

Its largest position, FFBB, represents 11.7% of the portfolio.

Compared with Q2 2022, the fund opened 12 new positions and exited 19.

Portfolio Metrics

Turnover
+17.9%
vs prior filed quarter
Top-10 Concentration
+52.6%
share of reported value
Largest Position
+11.7%
Communities First Financial
New / Exited
12 / 19
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% · $59M
  • Other · 21.6% · $16M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CCNECNB Finl Corp PANEW+118.5K118.5K+$3M$3M
AMTBAmerant Bancorp CL ANEW+102.6K102.6K+$3M$3M
Ally Finl Inc Jan 20 2023 32 putNEW+370370+$200,000$200,000
Bread Financial Holdings Oct 21 2022 35 putNEW+450450+$182,000$182,000
Affirm Hldgs Inc Oct 21 2022 20 putNEW+600600+$161,000$161,000
Onemain Hldgs Inc Nov 18 2022 30 putNEW+300300+$86,000$86,000
SPDR SER TR S&P REGL BKG Oct 7 2022 63 callNEW+2.5K2.5K+$33,000$33,000
Paya Holdings Inc Jan 20 2023 6 callNEW+240240+$20,000$20,000

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

Holdings — Q3 2022

53 positions
#IssuerClass% PortfolioValueShares
1FFBBCommunities First Financial Corphistory →common11.67%$9M147.6K
2US Metro Bankcommon6.68%$5M1.05M
3First Bancshares Inc MScommon6.13%$5M153.4K
4Grandsouth Bancorporationcommon5.79%$4M128.8K
5SSBKSouthern Sts Bancshares Inchistory →common4.37%$3M119.9K
6CCBCoastal Financial Corp WAhistory →common3.85%$3M72.4K
7CCNECNB Finl Corp PAhistory →common3.74%$3M118.5K
8MCBMetropolitan Bk Hldghistory →common3.68%$3M42.7K
9AMTBAmerant Bancorp CL Ahistory →common3.41%$3M102.6K
10FBNCFirst Bancorp NChistory →common3.26%$2M66.7K
11MAMastercard Incorporated CL Ahistory →common3.05%$2M8.0K
12CADECadence Bankhistory →common2.69%$2M79.0K
13McHenry Bancorp, Inc.common2.65%$2M68.2K
14ABCBAmeris Bancorphistory →common2.64%$2M44.2K
15FNWBFirst Northwest Bancorphistory →common2.48%$2M114.9K
16WALWestern Alliance Bancorphistory →common2.40%$2M27.2K
17INBKFirst Internet Bancorphistory →common2.15%$2M47.5K
18BPOPPopular Inchistory →common2.13%$2M22.1K
19CBANColony Bankcorp Inchistory →common2.09%$2M120.0K
20MNSBMainstreet Bancshares Inchistory →common2.04%$2M66.9K
21UCBUnited Community Banks Blairsvle GAhistory →common1.87%$1M42.1K
22Bay Community Bancorpcommon1.82%$1M160.0K
23Lakeland Bancorp Inccommon1.64%$1M77.1K
24PAYOPayoneer Global Inchistory →common1.47%$1M181.1K
25XHCHeritage Commerce Corphistory →common1.35%$1M88.7K
26GWBKGateway Bank FSBhistory →common1.33%$990,0003.00M
27EWBCEast West Bancorp Inchistory →common1.26%$940,00014.0K
28MQMarqeta Inc CL Ahistory →common1.22%$911,000128.0K
29PAYSPaysign Inccommon0.98%$730,000307.9K
30Nuvei CorporationSUB VTG SHS0.91%$677,00025.0K
31FBKFB Financial Corpcommon0.88%$658,00017.2K
32PCBPCB Bancorpcommon0.86%$645,00035.7K
33New York Cmnty Bancorp Inccommon0.65%$486,00057.0K
34NCNONCINO Inccommon0.58%$430,00012.6K
35Pacific Premier Bancorpcommon0.56%$416,00013.4K
36Paya Holdings Inccommon0.54%$403,00066.0K
37Pacwest Bancorp DELcommon0.46%$346,00015.3K
38Bank of NT Butterfield & Soncommon0.46%$346,00010.7K
39Flushing Financialcommon0.38%$287,00014.9K
40OCFCOceanfirst Financialcommon0.27%$205,00011.0K
41MVBFMVB Financialcommon0.18%$134,0004.8K
42SVB Financial Groupcommon0.05%$34,000100
43FIBKFirst Intst Bancsystem CL Acommon0.01%$8,000200
44XYZBlock Inc CL Acommon0.01%$5,000100
45CCitigroupcommon0.01%$4,000100
46TFINTriumph Bancorp Inccommon0.00%$3,00050
47FBIZFirst Business FINL SVCS Inccommon0.00%$3,000100
48TBBKBancorp Inc Delcommon0.00%$2,000100
49FCFFirst Comwlth Finl Corp PAcommon0.00%$1,00050
50FOURShift4 PMTS Inc CL Acommon0.00%$1,0009
51Corecard Corporationcommon0.00%$1,00010
52FINWFinwise Bancorpcommon0.00%$1,00010
53GSGoldman Sachs Groupcommon0.00%$1,0005

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 ↗.