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JC
JCSD Capital Portfolio holdings
AUM
$94.5M
1-Year Est. Return
10.64%
This Fund
S&P 500
This Quarter
Est. Return
-8.57%
1 Year Est. Return
+10.64%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$61.9M
AUM Growth
-$12.8M
(-17%)
Cap. Flow
-$5.12M
Cap. Flow
% of AUM
-8.27%
Top 10 Holdings %
Top 10 Hldgs %
61.18%
Holding
72
New
3
Increased
9
Reduced
15
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Heritage Financial
HFWA
|
+$3.02M |
| 2 |
FLG
Flagstar Bank National Association
FLG
|
+$2.25M |
| 3 |
Invesco KBW Bank ETF
KBWB
|
+$2.25M |
| 4 |
Banc of California
BANC
|
+$2.23M |
| 5 |
HTBK
Heritage Commerce
HTBK
|
+$1.24M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Metropolitan Bank Holding Corp
MCB
|
+$3.17M |
| 2 |
First Bancorp
FBNC
|
+$2.45M |
| 3 |
Popular Inc
BPOP
|
+$2.25M |
| 4 |
CADE
Cadence Bank
CADE
|
+$1.95M |
| 5 |
First Northwest Bancorp
FNWB
|
+$1.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 53.68% |
| 2 | Technology | 5.17% |
| 3 | Industrials | 3.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
First Bancorp
FBNC
$2.67B
| $4.35M | 7.02% |
122,361
-61,500
| -33% | -$2.45M |
|
2
State Street SPDR S&P Bank ETF
KBE
$1.56B
| $4.12M | 6.66% |
94,000
+18,500
| +25% | +$832K |
|
|
FBMS
3
DELISTED
The First Bancshares, Inc.
FBMS
| $3.96M | 6.4% |
153,399
| – | – |
|
4
Coastal Financial
CCB
$1.2B
| $3.42M | 5.52% |
94,948
+15,000
| +19% | +$646K |
|
|
FLG
5
Flagstar Bank National Association
FLG
$6.21B
| $2.74M | 4.43% |
101,167
+83,334
| +467% | +$2.25M |
|
|
6
Heritage Financial
HFWA
$1.26B
| $2.4M | 3.87% |
+112,000
| New | +$3.02M |
|
|
SSBK
7
DELISTED
Southern States Bancshares
SSBK
| $2.3M | 3.71% |
101,968
-13,620
| -12% | -$373K |
|
8
CNB Financial Corp
CCNE
$1.02B
| $2.13M | 3.44% |
110,755
-2,700
| -2% | -$61.7K |
|
|
NVEI
9
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
| $2M | 3.23% |
46,010
-12,000
| -21% | -$418K |
|
10
Amerant Bancorp
AMTB
$1.03B
| $1.89M | 3.05% |
86,830
+8,000
| +10% | +$213K |
|
|
11
Invesco KBW Bank ETF
KBWB
$6.85B
| $1.8M | 2.92% |
+43,000
| New | +$2.25M |
|
|
12
Banc of California
BANC
$3.27B
| $1.77M | 2.86% |
141,117
+138,117
| +4,604% | +$2.23M |
|
13
Western Alliance Bancorporation
WAL
$8.99B
| $1.77M | 2.85% |
49,688
+15,167
| +44% | +$930K |
|
14
East-West Bancorp
EWBC
$18.4B
| $1.61M | 2.6% |
29,000
-1,000
| -3% | -$69K |
|
15
MainStreet Bancshares
MNSB
$172M
| $1.28M | 2.06% |
54,411
-12,526
| -19% | -$344K |
|
16
Payoneer
PAYO
$2.41B
| $1.21M | 1.95% |
192,100
| – | – |
|
17
Shift4
FOUR
$3.99B
| $1.06M | 1.72% |
14,009
-13,000
| -48% | -$837K |
|
18
PCB Bancorp
PCB
$424M
| $979K | 1.58% |
67,571
+17,115
| +34% | +$295K |
|
|
HTBK
19
DELISTED
Heritage Commerce
HTBK
| $904K | 1.46% |
108,489
+108,439
| +216,878% | +$1.24M |
|
20
Paysign
PAYS
$478M
| $886K | 1.43% |
244,033
-63,913
| -21% | -$218K |
|
21
Ameris Bancorp
ABCB
$6.21B
| $592K | 0.96% |
16,180
-16,000
| -50% | -$719K |
|
|
UCB
22
United Community Banks
UCB
$4.37B
| $544K | 0.88% |
19,335
| – | – |
|
|
23
Popular Inc
BPOP
$11.1B
| $402K | 0.65% |
7,000
-34,500
| -83% | -$2.25M |
|
24
CALL
UWM Holdings
UWMC
$685M
| – | – |
0
| – | – |
|
25
CALL
State Street Financial Select Sector SPDR ETF
XLF
$54.8B
| – | – |
0
| – | – |
|
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JCSD Capital's Q1 2023 Portfolio in Review
As of Q1 2023, JCSD Capital held 72 positions worth $61.9M, down 17% from $74.7M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
JCSD Capital withdrew a net $5.12M in Q1 2023, closing 20 positions and reducing 15 holdings. Its most notable exit was Cadence Bank, an estimated $1.95M position sold in full.
By sector, the portfolio is most concentrated in Financials at 54% of assets, down from 63% a quarter earlier, followed by Technology and Industrials.
Against the trend, JCSD Capital opened a new position in Heritage Financial worth $2.4M.
- JCSD Capital's largest Q1 2023 buy was Heritage Financial: 112,000 shares worth $2.4M.
- JCSD Capital added most to Flagstar Bank National Association in Q1 2023, an estimated $2.25M increase.
- JCSD Capital's biggest Q1 2023 reduction was Metropolitan Bank Holding Corp, cutting an estimated $3.17M.
- JCSD Capital fully exited Cadence Bank in Q1 2023, selling an estimated $1.95M.
- JCSD Capital's ten largest holdings make up 61% of its $61.9M portfolio in Q1 2023.
- JCSD Capital opened 3 new positions and closed 20 in Q1 2023.
- JCSD Capital's portfolio value fell 17% quarter-over-quarter to $61.9M.
Based on JCSD Capital's 13F filing for Q1 2023, filed 27 Apr 2023.