SEC 13F Intelligence

Managers / Q2 2023 · view latest →

JCSD Capital, LLC

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

Reported Value
$53M
Q2 2023
Positions
41
Filings on Record
26
2019–present window
Filed
Aug 8, 2023
original filing

Summary

Jcsd Capital, LLC reported $53M in U.S.-listed holdings across 41 positions for Q2 2023.

Its largest position, FFBB, represents 15.7% of the portfolio.

Compared with Q1 2023, the fund opened 8 new positions and exited 14.

Portfolio Metrics

Turnover
+5.7%
vs prior filed quarter
Top-10 Concentration
+67.6%
share of reported value
Largest Position
+15.7%
Communities First Financial
New / Exited
8 / 14
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: 75.4%Other: 14.1%ETP: 10.5%
  • Common Stock · 75.4% · $40M
  • Other · 14.1% · $8M
  • ETP · 10.5% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GSGoldman Sachs Group IncNEW+1.0K1.0K+$322,540$322,540
Pacwest Bancorp Jan 17 2025 8 callNEW+900900+$292,500$292,500
New York Cmnty Bancorp Inc Jul 21 2023 10 callNEW+1.0K1.0K+$132,500$132,500
Shift4 PMTS Inc CL A Jul 21 2023 65 callNEW+180180+$83,700$83,700
Central VY CMNTY BancorpNEW+500500+$7,725$7,725
Pacwest Bancorp Jul 21 2023 5.50 putNEW+200200+$2,500$2,500
Synchrony Financial Jul 21 2023 30 putNEW+150150+$1,875$1,875
SOFI Technologies Inc Jul 21 2023 6 putNEW+500500+$1,750$1,750

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

Holdings — Q2 2023

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FFBBCommunities First Financial Corphistory →common15.73%$8M138.2K
2First Bancshares Inc MScommon7.41%$4M153.4K
3CCBCoastal Financial Corp WAhistory →common7.39%$4M104.9K
4KBESPDR SER TR S&P BK ETFhistory →common7.18%$4M94.0K
5US Metro Bankcommon7.07%$4M1.07M
6New York Cmnty Bancorp Inccommon6.38%$3M303.5K
7WALWestern Alliance Bancorphistory →common4.75%$3M69.7K
8SSBKSouthern Sts Bancshares Inchistory →common4.03%$2M102.2K
9FBNCFirst Bancorp NChistory →common3.99%$2M71.7K
10CCNECNB Finl Corp PAhistory →common3.66%$2M110.8K
11BANCBanc of California Inchistory →common3.55%$2M164.1K
12KBWBInvesco EXCH Traded FD TR II KBW BK ETFhistory →common3.30%$2M43.0K
13McHenry Bancorp, Inc.common3.24%$2M68.2K
14EWBCEast West Bancorp Inchistory →common2.86%$2M29.0K
15Nuvei CorporationSUB VTG SHS2.54%$1M46.0K
16AMTBAmerant Bancorp CL Ahistory →common2.44%$1M75.9K
17FOURShift4 PMTS Inc CL Ahistory →common2.41%$1M19.0K
18MNSBMainstreet Bancshares Inchistory →common2.32%$1M54.6K
19PAYOPayoneer Global Inchistory →common2.30%$1M256.1K
20PCBPCB Bancorphistory →common1.72%$919,96362.5K
21XHCHeritage Commerce Corphistory →common1.02%$547,16766.1K
22UCBUnited Community Banks Blairsvle GAcommon0.90%$483,18219.3K
23GWBKGateway Bank FSBcommon0.90%$480,0003.00M
24BPOPPopular Inccommon0.79%$423,6407.0K
25GSGoldman Sachs Group Inccommon0.60%$322,5401.0K
26MCBMetropolitan Bk Hldgcommon0.05%$24,311700
27TRMKTrustmark Corpcommon0.02%$8,701412
28Central VY CMNTY Bancorpcommon0.01%$7,725500
29HFWAHeritage Financial WASHcommon0.00%$1,617100

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 ↗.