Managers / Q4 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 $85M in U.S.-listed holdings across 29 positions for Q4 2025.
The portfolio is heavily concentrated: IVV alone accounts for 24.6% of reported value.
Compared with Q3 2025, the fund opened 13 new positions and exited 5.
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 · 72.5% · $61M
- ETP · 26.5% · $22M
- REIT · 0.9% · $782,600
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FFBBFFB Bancorp | NEW | +119.9K | 119.9K | +$10M | $10M |
| PMHGPrime Meridian Holding Co | NEW | +121.2K | 121.2K | +$7M | $7M |
| EGBNEAGLE BANCORP INC MD | NEW | +187.9K | 187.9K | +$4M | $4M |
| GDOTGREEN DOT CORP | NEW | +158.8K | 158.8K | +$2M | $2M |
| LOBLIVE OAK BANCSHARES INC | NEW | +53.3K | 53.3K | +$2M | $2M |
| TFINTRIUMPH FINANCIAL INC | NEW | +18.6K | 18.6K | +$1M | $1M |
| FLGFLAGSTAR BANK NATIONAL ASSOC | NEW | +82.8K | 82.8K | +$1M | $1M |
| VLYVALLEY NATL BANCORP | NEW | +63.0K | 63.0K | +$735,840 | $735,840 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IVVISHARES TRhistory → | CORE S&P500 ETF | 24.63% | $21M | 30.4K |
| 2 | CCBCOASTAL FINL CORP WAhistory → | COM NEW | 17.46% | $15M | 129.0K |
| 3 | FFBBFFB Bancorphistory → | COM | 12.03% | $10M | 119.9K |
| 4 | PMHGPrime Meridian Holding Cohistory → | COM | 8.10% | $7M | 121.2K |
| 5 | EWBCEAST WEST BANCORP INChistory → | COM | 5.32% | $5M | 40.1K |
| 6 | NTBBANK OF NT BUTTERFIELD&SON Lhistory → | SHS NEW | 4.64% | $4M | 78.8K |
| 7 | BPOPPOPULAR INChistory → | COM NEW | 3.40% | $3M | 23.1K |
| 8 | GBFHGBANK FINL HLDGS INChistory → | COM | 2.52% | $2M | 62.9K |
| 9 | OSBCOLD SECOND BANCORP INC ILLhistory → | COM | 1.71% | $1M | 74.1K |
| 10 | EGBNEAGLE BANCORP INC MDhistory → | COM | 1.43% | $1M | 56.5K |
| 11 | CHYMCHIME FINL INChistory → | COM SHS CL A | 1.33% | $1M | 44.8K |
| 12 | UWMCUWM HOLDINGS CORPORATIONhistory → | COM CL A | 1.12% | $945,200 | 215.8K |
| 13 | NLYANNALY CAPITAL MANAGEMENT IN | COM NEW | 0.92% | $782,600 | 35.0K |
| 14 | FOURSHIFT4 PMTS INC | CL A | 0.65% | $548,406 | 8.7K |
| 15 | WALWESTERN ALLIANCE BANCORP | COM | 0.02% | $15,805 | 188 |
| 16 | GDOTGREEN DOT CORP | CL A | 0.02% | $12,810 | 1.0K |
| 17 | MCHBMECHANICS BANCORP | CL A | 0.01% | $6,744 | 461 |
| 18 | COLBCOLUMBIA BKG SYS INC | COM | 0.00% | $2,795 | 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 ↗.