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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
+0.04%
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
$227M
AUM Growth
-$46.3M
(-17%)
Cap. Flow
-$44.4M
Cap. Flow
% of AUM
-19.52%
Top 10 Holdings %
Top 10 Hldgs %
54.4%
Holding
51
New
11
Increased
6
Reduced
15
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NSA
National Storage Affiliates Trust
NSA
|
+$8.03M |
| 2 |
First Bancorp
FBNC
|
+$5.32M |
| 3 |
Columbia Financial
CLBK
|
+$4.85M |
| 4 |
UMPQ
Umpqua Holdings Corp
UMPQ
|
+$4.69M |
| 5 |
BPFH
Boston Private Financial Holdings, Inc.
BPFH
|
+$4.47M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGNC Investment
AGNC
|
+$12.3M |
| 2 |
PJT Partners
PJT
|
+$10.3M |
| 3 |
PRA Group
PRAA
|
+$9.61M |
| 4 |
Encore Capital Group
ECPG
|
+$8.35M |
| 5 |
PennyMac Financial
PFSI
|
+$7.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 92.23% |
| 2 | Real Estate | 5.78% |
| 3 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Home Bancorp
HBCP
$566M
| $3.38M | 1.49% |
140,000
-130,186
| -48% | -$3.23M |
|
27
Hercules Capital
HTGC
$3.15B
| $2.89M | 1.27% |
+250,000
| New | +$2.78M |
|
|
LSEA
28
DELISTED
Landsea Homes
LSEA
| $2.81M | 1.23% |
+266,214
| New | +$2.83M |
|
|
CALB
29
DELISTED
California BanCorp Common Stock
CALB
| $2.4M | 1.06% |
211,854
+38,144
| +22% | +$493K |
|
|
30
AGNC Investment
AGNC
$12.4B
| $2.16M | 0.95% |
155,000
-891,000
| -85% | -$12.3M |
|
|
MFNC
31
DELISTED
Mackinac Financial Corporation
MFNC
| $1.45M | 0.64% |
150,010
-42,519
| -22% | -$410K |
|
32
OFG Bancorp
OFG
$2.26B
| $1.25M | 0.55% |
100,000
| – | – |
|
|
COOP
33
DELISTED
Mr. Cooper
COOP
| $1.12M | 0.49% |
+50,000
| New | +$862K |
|
|
HONE
34
DELISTED
HarborOne Bancorp
HONE
| $260K | 0.11% |
32,174
-296,069
| -90% | -$2.53M |
|
35
Eagle Bancorp Montana
EBMT
$188M
| – | – |
-108,258
| Closed | -$1.88M |
|
|
36
Encore Capital Group
ECPG
$2.09B
| – | – |
-244,400
| Closed | -$8.35M |
|
37
First Mid Bancshares
FMBH
$1.41B
| – | – |
-114,837
| Closed | -$3.01M |
|
38
Loews
L
$23.9B
| – | – |
-150,000
| Closed | -$5.14M |
|
39
LGI Homes
LGIH
$1.28B
| – | – |
-5,000
| Closed | -$440K |
|
40
Navient
NAVI
$832M
| – | – |
-341,100
| Closed | -$2.4M |
|
41
Oaktree Specialty Lending
OCSL
$1.04B
| – | – |
-118,841
| Closed | -$1.59M |
|
|
42
PJT Partners
PJT
$4.33B
| – | – |
-199,847
| Closed | -$10.3M |
|
|
PMT
43
PennyMac Mortgage Investment
PMT
$825M
| – | – |
-64,731
| Closed | -$1.14M |
|
|
44
PRA Group
PRAA
$669M
| – | – |
-248,523
| Closed | -$9.61M |
|
45
Provident Financial
PROV
$112M
| – | – |
-44,191
| Closed | -$593K |
|
46
SLM Corp
SLM
$5.11B
| – | – |
-625,000
| Closed | -$4.39M |
|
|
FLG
47
Flagstar Bank National Association
FLG
$5.95B
| – | – |
-166,667
| Closed | -$5.1M |
|
|
FBMS
48
DELISTED
The First Bancshares, Inc.
FBMS
| – | – |
-144,510
| Closed | -$3.25M |
|
|
HMNF
49
DELISTED
HMN Financial Inc
HMNF
| – | – |
-48,204
| Closed | -$704K |
|
|
SC
50
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| – | – |
-209,279
| Closed | -$3.85M |
|
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MSF
SV
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TC
PWP
Jacobs Asset Management's Q3 2020 Portfolio in Review
As of Q3 2020, Jacobs Asset Management held 51 positions worth $227M, down 17% from $274M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Jacobs Asset Management withdrew a net $44.4M in Q3 2020, closing 17 positions and reducing 15 holdings. Its most notable exit was PJT Partners, an estimated $10.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 92% of assets, down from 94% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Jacobs Asset Management opened a new position in National Storage Affiliates Trust worth $8.18M.
- Jacobs Asset Management's largest Q3 2020 buy was National Storage Affiliates Trust: 250,000 shares worth $8.18M.
- Jacobs Asset Management added most to Kearny Financial in Q3 2020, an estimated $3.78M increase.
- Jacobs Asset Management's biggest Q3 2020 reduction was AGNC Investment, cutting an estimated $12.3M.
- Jacobs Asset Management fully exited PJT Partners in Q3 2020, selling an estimated $10.3M.
- Jacobs Asset Management's ten largest holdings make up 54% of its $227M portfolio in Q3 2020.
- Jacobs Asset Management opened 11 new positions and closed 17 in Q3 2020.
- Jacobs Asset Management's portfolio value fell 17% quarter-over-quarter to $227M.
Based on Jacobs Asset Management's 13F filing for Q3 2020, filed 16 Nov 2020.