Managers / Q2 2025 · 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 $76M in U.S.-listed holdings across 26 positions for Q2 2025.
The portfolio is heavily concentrated: IVV alone accounts for 24.9% of reported value.
Compared with Q4 2023, the fund opened 12 new positions and exited 9.
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 · 54.0% · $41M
- ETP · 44.1% · $33M
- REIT · 1.2% · $941,000
- ADR · 0.7% · $509,340
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline) · note: prior filed quarter, not the immediately preceding one
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| IVVISHARES TR | NEW | +30.4K | 30.4K | +$19M | $19M |
| FISVFISERV INC | NEW | +20.8K | 20.8K | +$4M | $4M |
| NTBBANK OF NT BUTTERFIELD&SON L | NEW | +78.8K | 78.8K | +$3M | $3M |
| XYZBLOCK INC | NEW | +40.0K | 40.0K | +$3M | $3M |
| FINXGLOBAL X FDS | NEW | +43.0K | 43.0K | +$1M | $1M |
| MQMARQETA INC | NEW | +196.6K | 196.6K | +$1M | $1M |
| NLYANNALY CAPITAL MANAGEMENT IN | NEW | +50.0K | 50.0K | +$941,000 | $941,000 |
| PBPROSPERITY BANCSHARES INC | NEW | +10.0K | 10.0K | +$702,400 | $702,400 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IVVISHARES TRhistory → | CORE S&P500 ETF | 24.90% | $19M | 30.4K |
| 2 | CCBCOASTAL FINL CORP WAhistory → | COM NEW | 16.59% | $13M | 130.0K |
| 3 | EWBCEAST WEST BANCORP INChistory → | COM | 5.94% | $5M | 44.6K |
| 4 | NTBBANK OF NT BUTTERFIELD&SON Lhistory → | SHS NEW | 4.60% | $3M | 78.8K |
| 5 | BPOPPOPULAR INChistory → | COM NEW | 4.15% | $3M | 28.6K |
| 6 | AMTBAMERANT BANCORP INChistory → | CL A | 3.25% | $2M | 135.3K |
| 7 | FOURSHIFT4 PMTS INChistory → | CL A | 2.18% | $2M | 16.7K |
| 8 | SSBKSOUTHERN STS BANCSHARES INChistory → | COM | 2.04% | $2M | 42.6K |
| 9 | NLYANNALY CAPITAL MANAGEMENT INhistory → | COM NEW | 1.24% | $941,000 | 50.0K |
| 10 | WALWESTERN ALLIANCE BANCORPhistory → | COM | 1.13% | $856,844 | 11.0K |
| 11 | PBPROSPERITY BANCSHARES INC | COM | 0.93% | $702,400 | 10.0K |
| 12 | FISVFISERV INC | COM | 0.50% | $379,302 | 2.2K |
| 13 | MCHBHOMESTREET INC | COM | 0.28% | $209,787 | 16.1K |
| 14 | KBESPDR SERIES TRUST | S&P BK ETF | 0.01% | $5,939 | 100 |
| 15 | MQMARQETA INC | CLASS A COM | 0.00% | $583 | 100 |
| 16 | UWMCUWM HOLDINGS CORPORATION | COM CL A | 0.00% | $41 | 10 |
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 ↗.