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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
-2.61%
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
$196M
AUM Growth
-$17.4M
(-8.1%)
Cap. Flow
-$11.1M
Cap. Flow
% of AUM
-5.68%
Top 10 Holdings %
Top 10 Hldgs %
46.95%
Holding
44
New
7
Increased
7
Reduced
16
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CNB Financial Corp
CCNE
|
+$6.31M |
| 2 |
CMA
Comerica
CMA
|
+$4.92M |
| 3 |
Allstate
ALL
|
+$4.66M |
| 4 |
Progressive
PGR
|
+$3.31M |
| 5 |
Banc of California
BANC
|
+$3.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Metropolitan Bank Holding Corp
MCB
|
+$10.8M |
| 2 |
First Interstate BancSystem
FIBK
|
+$5.44M |
| 3 |
Customers Bancorp
CUBI
|
+$4.92M |
| 4 |
WaFd
WAFD
|
+$3.44M |
| 5 |
International Bancshares
IBOC
|
+$3.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 89.54% |
| 2 | Communication Services | 5.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Progressive
PGR
$122B
| $3.2M | 1.63% |
+27,500
| New | +$3.31M |
|
27
Cullen/Frost Bankers
CFR
$10.5B
| $2.98M | 1.52% |
22,500
-5,000
| -18% | -$656K |
|
|
28
Banc of California
BANC
$3.05B
| $2.88M | 1.47% |
+180,000
| New | +$3.13M |
|
|
VBNK
29
VersaBank
VBNK
$631M
| $2.8M | 1.43% |
400,000
-80,487
| -17% | -$593K |
|
|
FRC
30
DELISTED
First Republic Bank
FRC
| $2.61M | 1.33% |
+20,000
| New | +$3.07M |
|
31
Choiceone Financial
COFS
$511M
| $2.49M | 1.27% |
114,463
-261
| -0.2% | -$5.54K |
|
32
EverQuote
EVER
$852M
| $2.46M | 1.25% |
360,000
+61,822
| +21% | +$579K |
|
33
Univest Financial
UVSP
$1.23B
| $2.29M | 1.17% |
+97,518
| New | +$2.46M |
|
|
34
International Bancshares
IBOC
$4.74B
| $2.13M | 1.08% |
50,000
-75,000
| -60% | -$3.2M |
|
35
Home Bancorp
HBCP
$567M
| $1.94M | 0.99% |
49,751
| – | – |
|
|
LIEN
36
Chicago Atlantic BDC
LIEN
$213M
| $1.84M | 0.94% |
177,843
| – | – |
|
|
HAPN
37
Happen Inc
HAPN
$2.36B
| $1.8M | 0.92% |
162,500
+37,500
| +30% | +$505K |
|
38
Coastal Financial
CCB
$651M
| $1.79M | 0.91% |
45,000
-72,940
| -62% | -$2.94M |
|
39
Invesco Financial Preferred ETF
PGF
$676M
| $1.07M | 0.55% |
+71,430
| New | +$1.13M |
|
|
40
Customers Bancorp
CUBI
$2.72B
| – | – |
-145,000
| Closed | -$4.92M |
|
|
41
Metropolitan Bank Holding Corp
MCB
$1.15B
| – | – |
-155,000
| Closed | -$10.8M |
|
|
42
WaFd
WAFD
$2.76B
| – | – |
-114,559
| Closed | -$3.44M |
|
|
LEAP
43
DELISTED
Ribbit LEAP, Ltd.
LEAP
| – | – |
-162,475
| Closed | -$1.61M |
|
|
SBNY
44
DELISTED
Signature Bank
SBNY
| – | – |
-10,200
| Closed | -$1.83M |
|
Similar funds
RFA
HWA
MG
MSF
SV
GSP
TC
PWP
Jacobs Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Jacobs Asset Management held 44 positions worth $196M, down 8.1% from $213M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Jacobs Asset Management withdrew a net $11.1M in Q3 2022, closing 5 positions and reducing 16 holdings. Its most notable exit was Metropolitan Bank Holding Corp, an estimated $10.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 90% of assets, down from 91% a quarter earlier, followed by Communication Services.
Against the trend, Jacobs Asset Management opened a new position in CNB Financial Corp worth $5.81M.
- Jacobs Asset Management's largest Q3 2022 buy was CNB Financial Corp: 246,644 shares worth $5.81M.
- Jacobs Asset Management added most to Comerica in Q3 2022, an estimated $4.92M increase.
- Jacobs Asset Management's biggest Q3 2022 reduction was First Interstate BancSystem, cutting an estimated $5.44M.
- Jacobs Asset Management fully exited Metropolitan Bank Holding Corp in Q3 2022, selling an estimated $10.8M.
- Jacobs Asset Management's ten largest holdings make up 47% of its $196M portfolio in Q3 2022.
- Jacobs Asset Management opened 7 new positions and closed 5 in Q3 2022.
- Jacobs Asset Management's portfolio value fell 8.1% quarter-over-quarter to $196M.
Based on Jacobs Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.