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JC

JCSD Capital Portfolio holdings

AUM $68.6M
1-Year Est. Return 12.69%
This Fund
S&P 500
This Quarter Est. Return
-0.05%
1 Year Est. Return
+12.69%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$128M
AUM Growth
-$20.3M
Cap. Flow
-$18.5M
Cap. Flow %
-14.5%
Top 10 Hldgs %
46.91%
Holding
59
New
4
Increased
9
Reduced
4
Closed
6

Top Buys

Rank Stock Value
1
MFA
MFA Financial
MFA
+$1.42M
2
BFIN
BankFinancial
BFIN
+$914K
3
RWT
Redwood Trust
RWT
+$635K
4
SVBI
Severn Bancorp Inc/MD
SVBI
+$282K
5
WAL icon
Western Alliance Bancorporation
WAL
+$226K

Top Sells

Rank Stock Value
1
SIVB
SVB Financial Group
SIVB
+$8.59M
2
BANC icon
Banc of California
BANC
+$5.3M
3
CADE
Cadence Bancorporation
CADE
+$4.06M
4
SBFG icon
SB Financial Group
SBFG
+$3.41M
5
COLB icon
Columbia Banking Systems
COLB
+$1.56M

Sector Composition

Rank Sector Weight
1 Financials 72.98%
2 Miscellaneous 25.41%
3 Real Estate 1.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HOPE icon
26
Hope Bancorp
HOPE
$1.8B
$778K 0.61%
54,238
– –
WBS
27
DELISTED
Webster Financial
WBS
$703K 0.55%
15,000
– –
RWT
28
Redwood Trust
RWT
$567M
$624K 0.49%
+38,000
New +$635K
ABCB icon
29
CALL
Ameris Bancorp
ABCB
$5.77B
– –
0
– –
SIVB
30
DELISTED
SVB Financial Group
SIVB
$84K 0.07%
400
-41,000
-99% -$8.59M
OEF icon
31
CALL
iShares S&P 100 ETF
OEF
$20.5B
– –
0
– –
WAL icon
32
CALL
Western Alliance Bancorporation
WAL
$8.83B
– –
0
– –
ILCV icon
33
PUT
iShares Morningstar Value ETF
ILCV
$1.36B
– –
0
– –
SNV
34
CALL
DELISTED
Synovus
SNV
– –
0
– –
FMBI
35
CALL
DELISTED
First Midwest Bancorp Inc/IL
FMBI
– –
0
– –
CADE
36
CALL
DELISTED
Cadence Bancorporation
CADE
– –
0
– –
XSLV icon
37
PUT
Invesco S&P SmallCap Low Volatility ETF
XSLV
$245M
– –
0
– –
CADE
38
DELISTED
Cadence Bancorporation
CADE
$2K ﹤0.01%
100
-237,400
-100% -$4.06M
BANC icon
39
CALL
Banc of California
BANC
$3B
– –
0
– -$24K
BANC icon
40
Banc of California
BANC
$3B
– –
-379,300
Closed -$5.3M
CFR icon
41
Cullen/Frost Bankers
CFR
$10.1B
– –
-10,000
Closed -$937K
COLB icon
42
Columbia Banking Systems
COLB
$8.71B
– –
-43,014
Closed -$1.56M
PFBC icon
43
Preferred Bank
PFBC
$1.23B
– –
-11,000
Closed -$520K
SBFG icon
44
SB Financial Group
SBFG
$187M
– –
-217,501
Closed -$3.41M
TCBI icon
45
Texas Capital Bancshares
TCBI
$4.29B
– –
-1,000
Closed -$61K
1
2

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JCSD Capital's Q3 2019 Portfolio in Review

As of Q3 2019, JCSD Capital held 59 positions worth $128M, down 14% from $148M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

JCSD Capital withdrew a net $18.5M in Q3 2019, closing 6 positions and reducing 4 holdings. Its most notable exit was Banc of California, an estimated $5.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 73% of assets, down from 80% a quarter earlier, followed by Miscellaneous and Real Estate.

Against the trend, JCSD Capital opened a new position in MFA Financial worth $1.44M.

  • JCSD Capital's largest Q3 2019 buy was MFA Financial: 48,750 shares worth $1.44M.
  • JCSD Capital added most to Severn Bancorp Inc/MD in Q3 2019, an estimated $282K increase.
  • JCSD Capital's biggest Q3 2019 reduction was SVB Financial Group, cutting an estimated $8.59M.
  • JCSD Capital fully exited Banc of California in Q3 2019, selling an estimated $5.3M.
  • JCSD Capital's ten largest holdings make up 47% of its $128M portfolio in Q3 2019.
  • JCSD Capital opened 4 new positions and closed 6 in Q3 2019.
  • JCSD Capital's portfolio value fell 14% quarter-over-quarter to $128M.

Based on JCSD Capital's 13F filing for Q3 2019, filed 6 Nov 2019.