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JAM
Jacobs Asset Management Portfolio holdings
AUM
$167M
1-Year Est. Return
22.68%
This Fund
S&P 500
This Quarter
Est. Return
-38.67%
1 Year Est. Return
+22.68%
3 Year Est. Return
+79.51%
5 Year Est. Return
+67.54%
10 Year Est. Return
+275.62%
AUM
$276M
AUM Growth
-$204M
(-43%)
Cap. Flow
-$16.1M
Cap. Flow
% of AUM
-5.83%
Top 10 Holdings %
Top 10 Hldgs %
44.16%
Holding
55
New
13
Increased
9
Reduced
16
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PennyMac Financial
PFSI
|
+$15.6M |
| 2 |
Encore Capital Group
ECPG
|
+$11.5M |
| 3 |
MGIC Investment
MTG
|
+$11.2M |
| 4 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$11M |
| 5 |
Hilltop Holdings
HTH
|
+$9.78M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$22.3M |
| 2 |
Regions Financial
RF
|
+$18.4M |
| 3 |
Citizens Financial Group
CFG
|
+$13.2M |
| 4 |
Ally Financial
ALLY
|
+$11.6M |
| 5 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$8.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 92.91% |
| 2 | Industrials | 3.11% |
| 3 | Real Estate | 0.91% |
| 4 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
SLM Corp
SLM
$5.11B
| $5.57M | 2.02% |
+775,000
| New | +$7.48M |
|
27
First Mid Bancshares
FMBH
$1.41B
| $4.33M | 1.57% |
182,359
+30,000
| +20% | +$899K |
|
28
Navient
NAVI
$832M
| $4.21M | 1.53% |
+554,900
| New | +$6.62M |
|
29
Oaktree Specialty Lending
OCSL
$1.04B
| $4.04M | 1.47% |
415,514
+73,847
| +22% | +$1.08M |
|
|
FBMS
30
DELISTED
The First Bancshares, Inc.
FBMS
| $3.35M | 1.21% |
175,410
-266,862
| -60% | -$8.01M |
|
31
First American
FAF
$7.67B
| $3.19M | 1.16% |
+75,300
| New | +$4.3M |
|
|
HONE
32
DELISTED
HarborOne Bancorp
HONE
| $2.94M | 1.07% |
+389,900
| New | +$3.91M |
|
|
MFSF
33
DELISTED
MutualFirst Financial Inc
MFSF
| $2.93M | 1.06% |
103,988
-24,521
| -19% | -$852K |
|
34
Eagle Bancorp Montana
EBMT
$188M
| $2.75M | 1% |
169,694
+22,650
| +15% | +$440K |
|
|
CALB
35
DELISTED
California BanCorp Common Stock
CALB
| $2.65M | 0.96% |
+226,398
| New | +$2.7M |
|
|
MFNC
36
DELISTED
Mackinac Financial Corporation
MFNC
| $2.53M | 0.92% |
242,059
-55,268
| -19% | -$787K |
|
|
ISBC
37
DELISTED
Investors Bancorp, Inc.
ISBC
| $2.52M | 0.91% |
+314,900
| New | +$3.39M |
|
38
AGNC Investment
AGNC
$12.4B
| $2.51M | 0.91% |
+237,500
| New | +$3.96M |
|
|
FFIC
39
DELISTED
Flushing Financial
FFIC
| $2.46M | 0.89% |
+184,482
| New | +$3.39M |
|
|
SFBS
40
ServisFirst Bancshares
SFBS
$4.9B
| $1.47M | 0.53% |
50,000
-150,000
| -75% | -$5.26M |
|
|
SI
41
DELISTED
Silvergate Capital Corporation
SI
| $241K | 0.09% |
25,312
-265,377
| -91% | -$3.76M |
|
|
MDLY
42
DELISTED
Medley Management Inc
MDLY
| $136K | 0.05% |
19,986
-8,687
| -30% | -$206K |
|
43
Arbor Realty Trust
ABR
$981M
| – | – |
-153,665
| Closed | -$2.21M |
|
|
44
Ally Financial
ALLY
$13.4B
| – | – |
-380,500
| Closed | -$11.6M |
|
|
45
Citizens Financial Group
CFG
$30.5B
| – | – |
-325,000
| Closed | -$13.2M |
|
|
CMA
46
DELISTED
Comerica
CMA
| – | – |
-44,100
| Closed | -$3.16M |
|
|
CWBC
47
Community West Bancshares
CWBC
$691M
| – | – |
-134,830
| Closed | -$2.92M |
|
48
First Community Corp
FCCO
$326M
| – | – |
-220,405
| Closed | -$4.76M |
|
49
Horizon Bancorp
HBNC
$1.06B
| – | – |
-156,209
| Closed | -$2.97M |
|
50
Independent Bank Corp
IBCP
$794M
| – | – |
-331,472
| Closed | -$7.51M |
|
Similar funds
RFA
HWA
MG
MSF
SV
GSP
TC
PWP
Jacobs Asset Management's Q1 2020 Portfolio in Review
As of Q1 2020, Jacobs Asset Management held 55 positions worth $276M, down 43% from $479M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Jacobs Asset Management withdrew a net $16.1M in Q1 2020, closing 13 positions and reducing 16 holdings. Its most notable exit was CenterState Bank Corporation Common Stock, an estimated $22.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 93% of assets, up from 89% a quarter earlier, followed by Industrials and Real Estate.
Against the trend, Jacobs Asset Management opened a new position in PennyMac Financial worth $10.7M.
- Jacobs Asset Management's largest Q1 2020 buy was PennyMac Financial: 485,300 shares worth $10.7M.
- Jacobs Asset Management added most to Encore Capital Group in Q1 2020, an estimated $11.5M increase.
- Jacobs Asset Management's biggest Q1 2020 reduction was TCF Financial Corporation Common Stock, cutting an estimated $8.09M.
- Jacobs Asset Management fully exited CenterState Bank Corporation Common Stock in Q1 2020, selling an estimated $22.3M.
- Jacobs Asset Management's ten largest holdings make up 44% of its $276M portfolio in Q1 2020.
- Jacobs Asset Management opened 13 new positions and closed 13 in Q1 2020.
- Jacobs Asset Management's portfolio value fell 43% quarter-over-quarter to $276M.
Based on Jacobs Asset Management's 13F filing for Q1 2020, filed 15 May 2020.