JCSD Capital, LLC Hedge Fund

CIK: 0001444055 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 8, 2020

Total Value ($000): $86,540 (97.9% shares, 2.1% debt)

Holdings (40)

UBAB United Bancorporation Ala CL A 7.1%

Value ($000) $6,162 Shares 281,348 Est. Cost $19.02 Unrealized +18.2%

WAL Western Alliance Bancorp 6.9%

Value ($000) $5,951 Shares 194,400 Est. Cost $41.54 Unrealized +1.1%

ABCB Ameris Bancorp 6.0%

Value ($000) $5,202 Shares 218,933 Est. Cost $35.52 Unrealized -8.1%

— First Bancshares Inc MS 5.9%

Value ($000) $5,111 Shares 268,000 Est. Cost $16.56 Unrealized —

MNSB MainStreet Bancshares Inc 5.5%

Value ($000) $4,722 Shares 281,718 Est. Cost $19.42 Unrealized -1.3%

— Grandsouth Bancorporation 5.1%

Value ($000) $4,419 Shares 339,922 Est. Cost $14.00 Unrealized —

FFBB Communities First Financial Corp 4.1%

Value ($000) $3,534 Shares 153,647 Est. Cost $26.11 Unrealized +6.4%

— Pacific Premier Bancorp 4.0%

Value ($000) $3,429 Shares 182,000 Est. Cost $18.67 Unrealized —

— Seacoast Commerce Banc Holdings 3.5%

Value ($000) $3,065 Shares 250,000 Est. Cost $12.26 Unrealized —

FBNC First Bancorp NC 3.5%

Value ($000) $3,000 Shares 130,000 Est. Cost $24.85 Unrealized +14.1%

FIBK First Intst Bancsystem CL A 3.2%

Value ($000) $2,797 Shares 97,000 Est. Cost $30.14 Unrealized -15.4%

— Pacific West Bank 3.2%

Value ($000) $2,755 Shares 213,590 Est. Cost $14.76 Unrealized —

— Franklin Financial Network 2.9%

Value ($000) $2,549 Shares 125,000 Est. Cost $25.12 Unrealized —

— Select Bancorp Inc 2.7%

Value ($000) $2,299 Shares 301,320 Est. Cost $12.40 Unrealized —

OPBK OP Bancorp 2.6%

Value ($000) $2,292 Shares 307,300 Est. Cost $9.29 Unrealized -2.2%

— US Metro Bank 2.6%

Value ($000) $2,243 Shares 806,722 Est. Cost $4.12 Unrealized —

BUSE First Busey Corp 2.6%

Value ($000) $2,224 Shares 130,000 Est. Cost $14.66 Unrealized +22.2%

— First Midwest Bancorp DEL 2.4%

Value ($000) $2,109 Shares 159,349 Est. Cost $20.13 Unrealized —

ORPB Oregon Pacific Bancorp 2.1%

Value ($000) $1,780 Shares 358,834 Est. Cost $4.73 Unrealized +21.4%

— Metro Phoenix Bank 2.0%

Value ($000) $1,758 Shares 176,667 Est. Cost $9.16 Unrealized —

ISTR Investar Holding Corp 1.9%

Value ($000) $1,675 Shares 131,133 Est. Cost $23.13 Unrealized -12.1%

HTBK Heritage Commerce Corp 1.8%

Value ($000) $1,572 Shares 205,000 Est. Cost $8.77 Unrealized +20.6%

— Pioneer Bancshares, Inc. 1.8%

Value ($000) $1,520 Shares 80,000 Est. Cost $36.56 Unrealized —

— Citizens Commerce Bancshares, Inc. 1.6%

Value ($000) $1,420 Shares 195,913 Est. Cost $0.71 Unrealized —

ONB Old Natl Bancorp IND 1.5%

Value ($000) $1,319 Shares 100,000 Est. Cost $12.65 Unrealized +31.8%

— McHenry Bancorp, Inc. 1.5%

Value ($000) $1,316 Shares 15,000,000 Est. Cost $0.11 Unrealized —

— Pacwest Bancorp DEL 1.4%

Value ($000) $1,245 Shares 69,500 Est. Cost $41.03 Unrealized —

— CalWest Bancorp 1.3%

Value ($000) $1,141 Shares 2,888,000 Est. Cost $0.39 Unrealized —

— Bank of Fincastle 1.3%

Value ($000) $1,118 Shares 491,336 Est. Cost $2.17 Unrealized —

GWBK Gateway Bank FSB 1.2%

Value ($000) $1,080 Shares 3,000,000 Est. Cost $0.49 Unrealized +20.0%

— Cecil Bancorp, Inc. 1.1%

Value ($000) $974 Shares 367,500 Est. Cost $4.00 Unrealized —

— Lakeland Bancorp Inc 1.1%

Value ($000) $942 Shares 87,162 Est. Cost $14.93 Unrealized —

— Veritex Holdings Inc 0.9%

Value ($000) $773 Shares 55,300 Est. Cost $24.21 Unrealized —

— Invesco Exchange Traded Sr Ln ETF Apr 17 2020 21 0.7%

Value ($000) $589 Shares 4,487 Est. Cost — Unrealized —

— Exchange Listed FDS TR HI YLD ETF July 17 2020 32 0.6%

Value ($000) $530 Shares 680 Est. Cost — Unrealized —

— Southcrest Financial Group 0.5%

Value ($000) $463 Shares 65,634 Est. Cost $7.05 Unrealized —

HOPE Hope Bancorp Inc 0.5%

Value ($000) $446 Shares 54,238 Est. Cost $16.20 Unrealized -22.9%

— SPDR Bloomberg BRCLYS HI YD Bond ETF Jun 19 2020 105 0.4%

Value ($000) $375 Shares 300 Est. Cost — Unrealized —

WBS Webster Financial Corp Conn 0.4%

Value ($000) $344 Shares 15,000 Est. Cost $30.92 Unrealized +31.5%

— iShares Trust IBOXX HI YD ETF May 15 2020 83 0.3%

Value ($000) $297 Shares 407 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UBAB	United Bancorporation Ala CL A	281,348	$6,162	7.1%	$19.02	+18.2%	common	90944R100
WAL	Western Alliance Bancorp	194,400	$5,951	6.9%	$41.54	+1.1%	common	957638109
ABCB	Ameris Bancorp	218,933	$5,202	6.0%	$35.52	-8.1%	common	03076K108
—	First Bancshares Inc MS	268,000	$5,111	5.9%	$16.56	—	common	318916103
MNSB	MainStreet Bancshares Inc	281,718	$4,722	5.5%	$19.42	-1.3%	common	56064Y100
—	Grandsouth Bancorporation	339,922	$4,419	5.1%	$14.00	—	common	386627301
FFBB	Communities First Financial Corp	153,647	$3,534	4.1%	$26.11	+6.4%	common	20344D104
—	Pacific Premier Bancorp	182,000	$3,429	4.0%	$18.67	—	common	69478X105
—	Seacoast Commerce Banc Holdings	250,000	$3,065	3.5%	$12.26	—	common	81171B108
FBNC	First Bancorp NC	130,000	$3,000	3.5%	$24.85	+14.1%	common	318910106
FIBK	First Intst Bancsystem CL A	97,000	$2,797	3.2%	$30.14	-15.4%	common	32055Y201
—	Pacific West Bank	213,590	$2,755	3.2%	$14.76	—	common	69506W202
—	Franklin Financial Network	125,000	$2,549	2.9%	$25.12	—	common	35352P104
—	Select Bancorp Inc	301,320	$2,299	2.7%	$12.40	—	common	81617L108
OPBK	OP Bancorp	307,300	$2,292	2.6%	$9.29	-2.2%	common	67109R109
—	US Metro Bank	806,722	$2,243	2.6%	$4.12	—	common	90343B102
BUSE	First Busey Corp	130,000	$2,224	2.6%	$14.66	+22.2%	common	319383204
—	First Midwest Bancorp DEL	159,349	$2,109	2.4%	$20.13	—	common	320867104
ORPB	Oregon Pacific Bancorp	358,834	$1,780	2.1%	$4.73	+21.4%	common	686040205
—	Metro Phoenix Bank	176,667	$1,758	2.0%	$9.16	—	common	59165E106
ISTR	Investar Holding Corp	131,133	$1,675	1.9%	$23.13	-12.1%	common	46134L105
HTBK	Heritage Commerce Corp	205,000	$1,572	1.8%	$8.77	+20.6%	common	426927109
—	Pioneer Bancshares, Inc.	80,000	$1,520	1.8%	$36.56	—	common	72357G102
—	Citizens Commerce Bancshares, Inc.	195,913	$1,420	1.6%	$0.71	—	common	17452P101
ONB	Old Natl Bancorp IND	100,000	$1,319	1.5%	$12.65	+31.8%	common	680033107
—	McHenry Bancorp, Inc.	15,000,000	$1,316	1.5%	$0.11	—	common	580683100
—	Pacwest Bancorp DEL	69,500	$1,245	1.4%	$41.03	—	common	695263103
—	CalWest Bancorp	2,888,000	$1,141	1.3%	$0.39	—	common	13169Q102
—	Bank of Fincastle	491,336	$1,118	1.3%	$2.17	—	common	062113105
GWBK	Gateway Bank FSB	3,000,000	$1,080	1.2%	$0.49	+20.0%	common	36758P102
—	Cecil Bancorp, Inc.	367,500	$974	1.1%	$4.00	—	common	149841306
—	Lakeland Bancorp Inc	87,162	$942	1.1%	$14.93	—	common	511637100
—	Veritex Holdings Inc	55,300	$773	0.9%	$24.21	—	common	923451108
—	Invesco Exchange Traded Sr Ln ETF Apr 17 2020 21	4,487	$589	0.7%	—	—	Put	46138G958
—	Exchange Listed FDS TR HI YLD ETF July 17 2020 32	680	$530	0.6%	—	—	Put	30151E954
—	Southcrest Financial Group	65,634	$463	0.5%	$7.05	—	common	84129X107
HOPE	Hope Bancorp Inc	54,238	$446	0.5%	$16.20	-22.9%	common	43940T109
—	SPDR Bloomberg BRCLYS HI YD Bond ETF Jun 19 2020 105	300	$375	0.4%	—	—	Put	78468R952
WBS	Webster Financial Corp Conn	15,000	$344	0.4%	$30.92	+31.5%	common	947890109
—	iShares Trust IBOXX HI YD ETF May 15 2020 83	407	$297	0.3%	—	—	Put	464288953