Managers / Q3 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 $117M in U.S.-listed holdings across 25 positions for Q3 2025.
Its largest position, IVV, represents 17.4% of the portfolio.
Compared with Q2 2025, the fund opened 6 new positions and exited 8.
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
- ETP · 65.1% · $76M
- Common Stock · 34.0% · $40M
- REIT · 0.9% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KRESPDR SERIES TRUST | NEW | +875.1K | 875.1K | +$55M | $55M |
| OSBCOLD SECOND BANCORP INC ILL | NEW | +103.3K | 103.3K | +$2M | $2M |
| GBFHGBANK FINL HLDGS INC | NEW | +40.8K | 40.8K | +$2M | $2M |
| FNBF N B CORP | NEW | +50.0K | 50.0K | +$805,500 | $805,500 |
| CHYMCHIME FINL INC | NEW | +33.8K | 33.8K | +$682,129 | $682,129 |
| FHNFIRST HORIZON CORPORATION | NEW | +30.0K | 30.0K | +$678,300 | $678,300 |
| MCHBMECHANICS BANCORP | ADDED | +47.0K | 63.1K | +$629,422 | $839,209 |
| UWMCUWM HOLDINGS CORPORATION | ADDED | +156.0K | 291.0K | +$1M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IVVISHARES TRhistory → | CORE S&P500 ETF | 17.44% | $20M | 30.4K |
| 2 | CCBCOASTAL FINL CORP WAhistory → | COM NEW | 12.04% | $14M | 130.0K |
| 3 | EWBCEAST WEST BANCORP INChistory → | COM | 3.61% | $4M | 39.6K |
| 4 | NTBBANK OF NT BUTTERFIELD&SON Lhistory → | SHS NEW | 2.89% | $3M | 78.8K |
| 5 | BPOPPOPULAR INChistory → | COM NEW | 2.51% | $3M | 23.1K |
| 6 | AMTBAMERANT BANCORP INChistory → | CL A | 2.23% | $3M | 135.3K |
| 7 | FOURSHIFT4 PMTS INChistory → | CL A | 1.57% | $2M | 23.7K |
| 8 | GBFHGBANK FINL HLDGS INChistory → | COM | 1.37% | $2M | 40.8K |
| 9 | OSBCOLD SECOND BANCORP INC ILLhistory → | COM | 1.11% | $1M | 75.1K |
| 10 | NLYANNALY CAPITAL MANAGEMENT IN | COM NEW | 0.86% | $1M | 50.0K |
| 11 | MCHBMECHANICS BANCORP | CL A | 0.72% | $839,209 | 63.1K |
| 12 | FNBF N B CORP | COM | 0.69% | $805,500 | 50.0K |
| 13 | FHNFIRST HORIZON CORPORATION | COM | 0.58% | $678,300 | 30.0K |
| 14 | UWMCUWM HOLDINGS CORPORATION | COM CL A | 0.52% | $609,061 | 100.0K |
| 15 | CHYMCHIME FINL INC | COM SHS CL A | 0.01% | $16,519 | 819 |
| 16 | KRESPDR SERIES TRUST | S&P REGL BKG | 0.01% | $6,330 | 100 |
| 17 | MQMARQETA INC | CLASS A COM | 0.00% | $528 | 100 |
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 ↗.