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JAM
Jacobs Asset Management Portfolio holdings
AUM
$159M
1-Year Est. Return
30.93%
This Fund
S&P 500
This Quarter
Est. Return
-38.67%
1 Year Est. Return
+30.93%
3 Year Est. Return
+113.54%
5 Year Est. Return
+84.91%
10 Year Est. Return
+304.39%
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 | 92.96% |
| 2 | Industrials | 3.11% |
| 3 | Miscellaneous | 3.02% |
| 4 | Real Estate | 0.91% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Popular Inc
BPOP
$10.3B
| $17.2M | 6.25% |
491,900
+42,000
| +9% | +$2.08M |
|
2
Hancock Whitney
HWC
$6.01B
| $17M | 6.15% |
869,075
| – | – |
|
3
Southern Missouri Bancorp
SMBC
$798M
| $14.4M | 5.21% |
591,515
-4,843
| -0.8% | -$164K |
|
4
Ameris Bancorp
ABCB
$5.58B
| $11.9M | 4.31% |
500,000
-67,150
| -12% | -$2.39M |
|
5
PJT Partners
PJT
$3.91B
| $11.6M | 4.23% |
268,438
-62,167
| -19% | -$2.72M |
|
|
6
PennyMac Financial
PFSI
$3.48B
| $10.7M | 3.89% |
+485,300
| New | +$15.6M |
|
7
First Bancorp
FBP
$4.21B
| $10.3M | 3.72% |
1,929,104
+904,104
| +88% | +$7.43M |
|
8
QCR Holdings
QCRH
$1.65B
| $9.97M | 3.62% |
368,476
-2,000
| -0.5% | -$76.1K |
|
|
TCF
9
DELISTED
TCF Financial Corporation Common Stock
TCF
| $9.85M | 3.57% |
434,700
-215,300
| -33% | -$8.09M |
|
10
PRA Group
PRAA
$770M
| $8.85M | 3.21% |
319,386
+260,015
| +438% | +$9.06M |
|
11
AerCap
AER
$22.5B
| $8.57M | 3.11% |
376,034
-15,407
| -4% | -$760K |
|
|
12
State Street Financial Select Sector SPDR ETF
XLF
$53.5B
| $8.33M | 3.02% |
+400,000
| New | +$11M |
|
|
CNBKA
13
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $8.29M | 3.01% |
133,225
| – | – |
|
|
14
Encore Capital Group
ECPG
$2.15B
| $8.19M | 2.97% |
350,279
+343,017
| +4,723% | +$11.5M |
|
|
OSG
15
Octave Specialty Group
OSG
$204M
| $7.57M | 2.75% |
613,722
+463,722
| +309% | +$8.89M |
|
16
Business First Bancshares
BFST
$1.01B
| $7.54M | 2.74% |
558,656
+6,696
| +1% | +$145K |
|
|
BBT
17
Beacon Financial Corp
BBT
$2.59B
| $7M | 2.54% |
470,818
-80,874
| -15% | -$2.04M |
|
|
18
Hilltop Holdings
HTH
$2.21B
| $6.98M | 2.53% |
+461,895
| New | +$9.78M |
|
19
Kearny Financial
KRNY
$612M
| $6.63M | 2.4% |
+771,759
| New | +$8.89M |
|
20
Home Bancorp
HBCP
$541M
| $6.6M | 2.39% |
270,186
-35,000
| -11% | -$1.15M |
|
|
FLG
21
Flagstar Bank National Association
FLG
$5.27B
| $6.34M | 2.3% |
225,000
-34,300
| -13% | -$1.14M |
|
|
SNV
22
DELISTED
Synovus
SNV
| $6.13M | 2.22% |
349,215
-250,785
| -42% | -$7.73M |
|
23
Loews
L
$22.1B
| $6.09M | 2.21% |
175,000
| – | – |
|
|
CARO
24
DELISTED
Carolina Financial Corp.
CARO
| $5.97M | 2.16% |
230,653
| – | – |
|
|
25
MGIC Investment
MTG
$6.11B
| $5.88M | 2.13% |
+925,813
| New | +$11.2M |
|
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MPA
JAIC
SWM
OFG
4PL
JWM
CMMS
LA
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, down from 94% a quarter earlier, followed by Industrials and Miscellaneous.
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.