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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
-10.71%
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
$172M
AUM Growth
-$32.3M
(-16%)
Cap. Flow
-$9.76M
Cap. Flow
% of AUM
-5.66%
Top 10 Holdings %
Top 10 Hldgs %
53.71%
Holding
47
New
9
Increased
6
Reduced
17
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allstate
ALL
|
+$13.9M |
| 2 |
Columbia Banking Systems
COLB
|
+$9.72M |
| 3 |
AGNC Investment
AGNC
|
+$4.89M |
| 4 |
First Horizon
FHN
|
+$4.44M |
| 5 |
CMA
Comerica
CMA
|
+$4.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
M&T Bank
MTB
|
+$8.83M |
| 2 |
Banc of California
BANC
|
+$5.97M |
| 3 |
First Busey Corp
BUSE
|
+$4.94M |
| 4 |
CNB Financial Corp
CCNE
|
+$4.59M |
| 5 |
Progressive
PGR
|
+$3.79M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 90.66% |
| 2 | Communication Services | 6.71% |
| 3 | Real Estate | 2.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Central Pacific Financial
CPF
$1.03B
| $2.76M | 1.6% |
154,292
-125,708
| -45% | -$2.68M |
|
27
BancFirst
BANF
$3.85B
| $1.95M | 1.13% |
+23,416
| New | +$2.02M |
|
|
LIEN
28
Chicago Atlantic BDC
LIEN
$214M
| $1.64M | 0.95% |
177,843
| – | – |
|
29
Coastal Financial
CCB
$654M
| $1.62M | 0.94% |
45,000
| – | – |
|
30
Western Alliance Bancorporation
WAL
$8.96B
| $1.33M | 0.77% |
+37,500
| New | +$2.3M |
|
31
EverQuote
EVER
$887M
| $1.26M | 0.73% |
90,427
-84,557
| -48% | -$1.26M |
|
|
VBNK
32
VersaBank
VBNK
$627M
| $1.19M | 0.69% |
161,833
-163,167
| -50% | -$1.23M |
|
|
PTRS
33
DELISTED
Partners Bancorp Common Stock
PTRS
| $1.05M | 0.61% |
+134,590
| New | +$1.17M |
|
|
HAPN
34
Happen Inc
HAPN
$2.36B
| $721K | 0.42% |
100,000
-62,500
| -38% | -$557K |
|
|
LNKB
35
DELISTED
LINKBANCORP
LNKB
| $407K | 0.24% |
+62,067
| New | +$495K |
|
36
First Bank
FRBA
$470M
| $378K | 0.22% |
+37,447
| New | +$483K |
|
|
37
Banc of California
BANC
$3.04B
| – | – |
-375,000
| Closed | -$5.97M |
|
38
Bank of Hawaii
BOH
$3.17B
| – | – |
-34,000
| Closed | -$2.64M |
|
|
39
First Busey Corp
BUSE
$2.59B
| – | – |
-200,000
| Closed | -$4.94M |
|
|
40
CNB Financial Corp
CCNE
$1.05B
| – | – |
-193,137
| Closed | -$4.59M |
|
41
First Hawaiian
FHB
$3.42B
| – | – |
-26,259
| Closed | -$684K |
|
42
Home Bancorp
HBCP
$566M
| – | – |
-49,751
| Closed | -$1.99M |
|
43
Prosperity Bancshares
PB
$9.01B
| – | – |
-50,000
| Closed | -$3.63M |
|
44
Invesco Financial Preferred ETF
PGF
$676M
| – | – |
-190,000
| Closed | -$2.74M |
|
45
Wintrust Financial
WTFC
$10.8B
| – | – |
-40,000
| Closed | -$3.38M |
|
|
FLG
46
Flagstar Bank National Association
FLG
$5.95B
| – | – |
-91,667
| Closed | -$2.37M |
|
|
TCFC
47
DELISTED
The Community Financial Corporation Common Stock
TCFC
| – | – |
-5,280
| Closed | -$211K |
|
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PWP
Jacobs Asset Management's Q1 2023 Portfolio in Review
As of Q1 2023, Jacobs Asset Management held 47 positions worth $172M, down 16% from $205M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Jacobs Asset Management withdrew a net $9.76M in Q1 2023, closing 11 positions and reducing 17 holdings. Its most notable exit was Banc of California, an estimated $5.97M position sold in full.
By sector, the portfolio is most concentrated in Financials at 91% of assets, down from 93% a quarter earlier, followed by Communication Services and Real Estate.
Against the trend, Jacobs Asset Management opened a new position in Columbia Banking Systems worth $7.5M.
- Jacobs Asset Management's largest Q1 2023 buy was Columbia Banking Systems: 350,000 shares worth $7.5M.
- Jacobs Asset Management added most to Allstate in Q1 2023, an estimated $13.9M increase.
- Jacobs Asset Management's biggest Q1 2023 reduction was M&T Bank, cutting an estimated $8.83M.
- Jacobs Asset Management fully exited Banc of California in Q1 2023, selling an estimated $5.97M.
- Jacobs Asset Management's ten largest holdings make up 54% of its $172M portfolio in Q1 2023.
- Jacobs Asset Management opened 9 new positions and closed 11 in Q1 2023.
- Jacobs Asset Management's portfolio value fell 16% quarter-over-quarter to $172M.
Based on Jacobs Asset Management's 13F filing for Q1 2023, filed 15 May 2023.