Managers / Q4 2023 · view latest →
JCSD Capital, LLC
CIK 0001444055 · 1981 N. BROADWAY BLVD., SUITE 270, WALNUT CREEK, CA, 94596 · 925-838-0760
Summary
Jcsd Capital, LLC reported $33M in U.S.-listed holdings across 20 positions for Q4 2023.
Its largest position, WAL, represents 15.7% of the portfolio.
Compared with Q3 2023, the fund opened 3 new positions and exited 15.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 89.0% · $30M
- ETP · 9.3% · $3M
- Other · 1.7% · $564,505
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| Central VY CMNTY Bancorp Mar 15 2024 15 call | NEW | +242 | 242 | +$203,280 | $203,280 |
| First CTZNS Bancshares Inc Feb 16 2024 1550 call | NEW | +50 | 50 | +$201,500 | $201,500 |
| New York Cmnty Bancorp Inc Jan 19 2024 12 call | NEW | +9.0K | 9.0K | +$67,500 | $67,500 |
| EWBCEast West Bancorp Inc | ADDED | +38.5K | 38.6K | +$3M | $3M |
| FFBBFFB Bancorp | SOLD OUT | −134.2K | 0 | −$9M | $0 |
| US Metro Bank | SOLD OUT | −1.02M | 0 | −$4M | $0 |
| McHenry Bancorp, Inc. | SOLD OUT | −68.2K | 0 | −$3M | $0 |
| PAYOPayoneer Global Inc | SOLD OUT | −200.1K | 0 | −$1M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | WALWestern Alliance Bancorphistory → | common | 15.70% | $5M | 79.7K |
| 2 | CCBCoastal Financial Corp WAhistory → | common | 15.52% | $5M | 116.7K |
| 3 | BANCBanc of California Inchistory → | common | 9.78% | $3M | 243.1K |
| 4 | KBESPDR SER TR S&P BK ETFhistory → | common | 9.26% | $3M | 59.0K |
| 5 | First Bancshares Inc MS | common | 8.76% | $3M | 99.8K |
| 6 | EWBCEast West Bancorp Inchistory → | common | 8.32% | $3M | 38.6K |
| 7 | FHNFirst Horizon Corporationhistory → | common | 5.94% | $2M | 140.0K |
| 8 | BPOPPopular Inchistory → | common | 5.41% | $2M | 22.0K |
| 9 | New York Cmnty Bancorp Inc | common | 5.10% | $2M | 166.4K |
| 10 | AMTBAmerant Bancorp CL Ahistory → | common | 4.86% | $2M | 66.0K |
| 11 | SSBKSouthern Sts Bancshares Inchistory → | common | 4.60% | $2M | 52.5K |
| 12 | FOURShift4 PMTS Inc CL Ahistory → | common | 3.79% | $1M | 17.0K |
| 13 | FCNCAFirst CTZNS Bancshares Inc CL Ahistory → | common | 1.27% | $425,691 | 300 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $95M | 29 | Apr 24, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $85M | 29 | Feb 5, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $117M | 25 | Oct 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $76M | 26 | Aug 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $33M | 20 | Jan 19, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $49M | 30 | Nov 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $53M | 41 | Aug 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $62M | 50 | Apr 27, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $75M | 67 | Jan 19, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $75M | 76 | Oct 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $87M | 88 | Jul 26, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $103M | 75 | May 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $105M | 67 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $105M | 67 | Oct 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $111M | 63 | Aug 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $103M | 73 | May 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $89M | 62 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $82M | 52 | Nov 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $69M | 33 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $87M | 41 | May 8, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $134M | 48 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $128M | 52 | Nov 6, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $148M | 57 | Aug 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $135M | 55 | May 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $138M | 53 | Feb 13, 2019 | 13F-HR | changes · 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 ↗.