SEC 13F Intelligence

Managers / Q4 2022 · view latest →

JCSD Capital, LLC

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

Reported Value
$75M
Q4 2022
Positions
67
Filings on Record
26
2019–present window
Filed
Jan 19, 2023
original filing

Summary

Jcsd Capital, LLC reported $75M in U.S.-listed holdings across 67 positions for Q4 2022.

Its largest position, FFBB, represents 12.0% of the portfolio.

Compared with Q3 2022, the fund opened 9 new positions and exited 21.

Portfolio Metrics

Turnover
+24.4%
vs prior filed quarter
Top-10 Concentration
+61.3%
share of reported value
Largest Position
+12.0%
Communities First Financial
New / Exited
9 / 21
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: 81.7%Other: 13.7%ETP: 4.6%
  • Common Stock · 81.7% · $61M
  • Other · 13.7% · $10M
  • ETP · 4.6% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KBESPDR SER TR S&P BK ETFNEW+75.5K75.5K+$3M$3M
UWMCUWM Holdings CorpNEW+96.2K96.2K+$318,396$318,396
Financial Select Sector SPDR ETF Jun 16 2023 40.00 callNEW+19.0K19.0K+$227,000$227,000
First Citizens Bancshares Inc Feb 17 2023 850 putNEW+2020+$189,300$189,300
UWM Holdings Corp Jan 19 2024 3 callNEW+1.0K1.0K+$81,370$81,370
BANCBanc of California IncNEW+3.0K3.0K+$47,790$47,790
Huntington Bancshares Inc Jan 20 2023 14 putNEW+1.0K1.0K+$35,000$35,000
ALLYALLY FinancialNEW+100100+$2,445$2,445

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

Holdings — Q4 2022

50 positions
#IssuerClass% PortfolioValueShares
1FFBBCommunities First Financial Corphistory →common11.96%$9M147.6K
2FBNCFirst Bancorp NChistory →common10.54%$8M183.9K
3First Bancshares Inc MScommon6.57%$5M153.4K
4US Metro Bankcommon5.92%$4M1.08M
5CCBCoastal Financial Corp WAhistory →common5.09%$4M79.9K
6MCBMetropolitan Bk Hldghistory →common4.85%$4M61.7K
7KBESPDR SER TR S&P BK ETFhistory →common4.56%$3M75.5K
8SSBKSouthern Sts Bancshares Inchistory →common4.48%$3M115.6K
9BPOPPopular Inchistory →common3.68%$3M41.5K
10CCNECNB Finl Corp PAhistory →common3.61%$3M113.5K
11AMTBAmerant Bancorp CL Ahistory →common2.83%$2M78.8K
12WALWestern Alliance Bancorphistory →common2.75%$2M34.5K
13EWBCEast West Bancorp Inchistory →common2.65%$2M30.0K
14CADECadence Bankhistory →common2.61%$2M79.0K
15MNSBMainstreet Bancshares Inchistory →common2.46%$2M66.9K
16FNWBFirst Northwest Bancorphistory →common2.46%$2M119.4K
17McHenry Bancorp, Inc.common2.32%$2M68.2K
18ABCBAmeris Bancorphistory →common2.03%$2M32.2K
19FOURShift4 PMTS Inc CL Ahistory →common2.02%$2M27.0K
20Nuvei CorporationSUB VTG SHS1.97%$1M58.0K
21Bay Community Bancorpcommon1.93%$1M160.0K
22Lakeland Bancorp Inccommon1.82%$1M77.1K
23PAYOPayoneer Global Inchistory →common1.41%$1M192.1K
24GWBKGateway Bank FSBhistory →common1.24%$930,0003.00M
25PCBPCB Bancorphistory →common1.19%$892,56750.5K
26PAYSPaysign Inchistory →common1.06%$794,501307.9K
27UCBUnited Community Banks Blairsvle GAcommon0.87%$653,52319.3K
28FBKFB Financial Corpcommon0.83%$622,51217.2K
29Paya Holdings Inccommon0.70%$519,42066.0K
30New York Cmnty Bancorp Inccommon0.62%$460,10053.5K
31Pacific Premier Bancorpcommon0.57%$424,32413.4K
32UWMCUWM Holdings Corpcommon0.43%$318,39696.2K
33MAMastercard Incorporated CL Acommon0.26%$194,729560
34BANCBanc of California Inccommon0.06%$47,7903.0K
35SVB Financial Groupcommon0.03%$23,014100
36FIBKFirst Intst Bancsystem CL Acommon0.01%$7,730200
37XYZBlock Inc CL Acommon0.01%$6,284100
38CCitigroupcommon0.01%$4,523100
39FBIZFirst Business FINL SVCS Inccommon0.00%$3,655100
40INBKFirst Internet Bancorpcommon0.00%$3,496144
41Bank of NT Butterfield & Soncommon0.00%$2,981100
42TBBKBancorp Inc Delcommon0.00%$2,838100
43ALLYALLY Financialcommon0.00%$2,445100
44TFINTriumph Financial Inccommon0.00%$2,44450
45GSGoldman Sachs Groupcommon0.00%$1,7175
46FCFFirst Comwlth Finl Corp PAcommon0.00%$69950
47XHCHeritage Commerce Corpcommon0.00%$65050
48MQMarqeta Inc CL Acommon0.00%$611100
49NCNONCINO Inccommon0.00%$26410
50FINWFinwise Bancorpcommon0.00%$9310

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 ↗.