JCSD Capital, LLC Hedge Fund

Location: Walnut Creek, CA

CIK: 0001444055 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 14, 2020

Total Value: $69.08M (99.5% shares, 0.5% debt)

Holdings (32)

UBAB United Bancorporation Ala CL A 8.3%

Value $5.711M Shares 281,348 Share Price $20.30 * Est. Cost/Share $19.02 Unrealized @ Report Date -5.3%

WAL Western Alliance Bancorp 8.1%

Value $5.571M Shares 147,121 Share Price $37.87 * Est. Cost/Share $41.54 Unrealized @ Report Date -19.0%

— Grandsouth Bancorporation 7.3%

Value $5.048M Shares 339,922 Share Price $14.85 Est. Cost/Share $14.00 Unrealized @ Report Date —

— First Bancshares Inc MS 6.8%

Value $4.713M Shares 209,450 Share Price $22.50 Est. Cost/Share $16.56 Unrealized @ Report Date —

FFBB Communities First Financial Corp 5.8%

Value $3.977M Shares 173,647 Share Price $22.90 Est. Cost/Share $25.61 Unrealized @ Report Date -10.2%

ABCB Ameris Bancorp 5.6%

Value $3.89M Shares 164,904 Share Price $23.59 * Est. Cost/Share $35.52 Unrealized @ Report Date -38.4%

— Franklin Financial Network 4.7%

Value $3.219M Shares 125,000 Share Price $25.75 Est. Cost/Share $25.12 Unrealized @ Report Date —

— Seacoast Commerce Banc Holdings 4.6%

Value $3.188M Shares 255,000 Share Price $12.50 Est. Cost/Share $12.26 Unrealized @ Report Date —

— Pacific Premier Bancorp 4.3%

Value $2.97M Shares 137,000 Share Price $21.68 Est. Cost/Share $18.67 Unrealized @ Report Date —

FBNC First Bancorp NC 3.8%

Value $2.642M Shares 105,353 Share Price $25.08 * Est. Cost/Share $24.85 Unrealized @ Report Date -10.9%

MNSB MainStreet Bancshares Inc 3.6%

Value $2.477M Shares 187,663 Share Price $13.20 * Est. Cost/Share $19.42 Unrealized @ Report Date -37.1%

— First Midwest Bancorp DEL 3.3%

Value $2.261M Shares 169,395 Share Price $13.35 Est. Cost/Share $19.73 Unrealized @ Report Date —

FIBK First Intst Bancsystem CL A 3.1%

Value $2.122M Shares 68,531 Share Price $30.96 * Est. Cost/Share $30.14 Unrealized @ Report Date -25.0%

ISTR Investar Holding Corp 2.9%

Value $2.011M Shares 138,661 Share Price $14.50 Est. Cost/Share $22.57 Unrealized @ Report Date -35.7%

— US Metro Bank 2.8%

Value $1.907M Shares 866,722 Share Price $2.20 Est. Cost/Share $3.99 Unrealized @ Report Date —

— Pacific West Bank 2.7%

Value $1.84M Shares 163,590 Share Price $11.25 Est. Cost/Share $14.76 Unrealized @ Report Date —

— Metro Phoenix Bank 2.5%

Value $1.739M Shares 176,667 Share Price $9.84 Est. Cost/Share $9.16 Unrealized @ Report Date —

HTBK Heritage Commerce Corp 2.3%

Value $1.621M Shares 216,000 Share Price $7.50 * Est. Cost/Share $8.73 Unrealized @ Report Date -10.2%

ORPB Oregon Pacific Bancorp 2.1%

Value $1.469M Shares 358,334 Share Price $4.10 Est. Cost/Share $4.73 Unrealized @ Report Date -12.1%

ONB Old Natl Bancorp IND 2.0%

Value $1.376M Shares 100,000 Share Price $13.76 Est. Cost/Share $12.65 Unrealized @ Report Date +8.7%

BUSE First Busey Corp 2.0%

Value $1.372M Shares 73,564 Share Price $18.65 * Est. Cost/Share $14.66 Unrealized @ Report Date +0.3%

— McHenry Bancorp, Inc. 1.8%

Value $1.257M Shares 15,000,000 Share Price $0.08 Est. Cost/Share $0.11 Unrealized @ Report Date —

— Veritex Holdings Inc 1.8%

Value $1.213M Shares 68,550 Share Price $17.70 Est. Cost/Share $22.95 Unrealized @ Report Date —

GWBK Gateway Bank FSB 1.7%

Value $1.2M Shares 3,000,000 Share Price $0.40 Est. Cost/Share $0.49 Unrealized @ Report Date -16.2%

— Cecil Bancorp, Inc. 1.6%

Value $1.117M Shares 367,500 Share Price $3.04 Est. Cost/Share $4.00 Unrealized @ Report Date —

— Bank of Fincastle 1.5%

Value $1.007M Shares 491,336 Share Price $2.05 Est. Cost/Share $2.17 Unrealized @ Report Date —

— Lakeland Bancorp Inc 1.4%

Value $996K Shares 87,162 Share Price $11.43 Est. Cost/Share $14.93 Unrealized @ Report Date —

— Southcrest Financial Group 0.9%

Value $589K Shares 96,240 Share Price $6.12 Est. Cost/Share $6.76 Unrealized @ Report Date —

FBK FB Financial Corp 0.4%

Value $248K Shares 10,000 Share Price $24.80 * Est. Cost/Share $20.47 Unrealized @ Report Date +11.4%

— Exchange Listed FDS TR HI YLD ETF July 17 2020 32 0.3%

Value $241K Shares 680 Share Price $354.41 Est. Cost/Share — Unrealized @ Report Date —

— Invesco Exchange Traded Sr Ln ETF Jul 17 2020 21 0.1%

Value $44,000 Shares 1,750 Share Price $25.14 Est. Cost/Share — Unrealized @ Report Date —

— iShares Trust IBOXX HI YD ETF Aug 21 2020 78 0.1%

Value $39,000 Shares 350 Share Price $111.43 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UBAB	United Bancorporation Ala CL A	281,348	$5.711M	8.3%	$20.30 *	$19.02	-5.3%	common	90944R100
WAL	Western Alliance Bancorp	147,121	$5.571M	8.1%	$37.87 *	$41.54	-19.0%	common	957638109
—	Grandsouth Bancorporation	339,922	$5.048M	7.3%	$14.85	$14.00	—	common	386627301
—	First Bancshares Inc MS	209,450	$4.713M	6.8%	$22.50	$16.56	—	common	318916103
FFBB	Communities First Financial Corp	173,647	$3.977M	5.8%	$22.90	$25.61	-10.2%	common	20344D104
ABCB	Ameris Bancorp	164,904	$3.89M	5.6%	$23.59 *	$35.52	-38.4%	common	03076K108
—	Franklin Financial Network	125,000	$3.219M	4.7%	$25.75	$25.12	—	common	35352P104
—	Seacoast Commerce Banc Holdings	255,000	$3.188M	4.6%	$12.50	$12.26	—	common	81171B108
—	Pacific Premier Bancorp	137,000	$2.97M	4.3%	$21.68	$18.67	—	common	69478X105
FBNC	First Bancorp NC	105,353	$2.642M	3.8%	$25.08 *	$24.85	-10.9%	common	318910106
MNSB	MainStreet Bancshares Inc	187,663	$2.477M	3.6%	$13.20 *	$19.42	-37.1%	common	56064Y100
—	First Midwest Bancorp DEL	169,395	$2.261M	3.3%	$13.35	$19.73	—	common	320867104
FIBK	First Intst Bancsystem CL A	68,531	$2.122M	3.1%	$30.96 *	$30.14	-25.0%	common	32055Y201
ISTR	Investar Holding Corp	138,661	$2.011M	2.9%	$14.50	$22.57	-35.7%	common	46134L105
—	US Metro Bank	866,722	$1.907M	2.8%	$2.20	$3.99	—	common	90343B102
—	Pacific West Bank	163,590	$1.84M	2.7%	$11.25	$14.76	—	common	69506W202
—	Metro Phoenix Bank	176,667	$1.739M	2.5%	$9.84	$9.16	—	common	59165E106
HTBK	Heritage Commerce Corp	216,000	$1.621M	2.3%	$7.50 *	$8.73	-10.2%	common	426927109
ORPB	Oregon Pacific Bancorp	358,334	$1.469M	2.1%	$4.10	$4.73	-12.1%	common	686040205
ONB	Old Natl Bancorp IND	100,000	$1.376M	2.0%	$13.76	$12.65	+8.7%	common	680033107
BUSE	First Busey Corp	73,564	$1.372M	2.0%	$18.65 *	$14.66	+0.3%	common	319383204
—	McHenry Bancorp, Inc.	15,000,000	$1.257M	1.8%	$0.08	$0.11	—	common	580683100
—	Veritex Holdings Inc	68,550	$1.213M	1.8%	$17.70	$22.95	—	common	923451108
GWBK	Gateway Bank FSB	3,000,000	$1.2M	1.7%	$0.40	$0.49	-16.2%	common	36758P102
—	Cecil Bancorp, Inc.	367,500	$1.117M	1.6%	$3.04	$4.00	—	common	149841306
—	Bank of Fincastle	491,336	$1.007M	1.5%	$2.05	$2.17	—	common	062113105
—	Lakeland Bancorp Inc	87,162	$996K	1.4%	$11.43	$14.93	—	common	511637100
—	Southcrest Financial Group	96,240	$589K	0.9%	$6.12	$6.76	—	common	84129X107
FBK	FB Financial Corp	10,000	$248K	0.4%	$24.80 *	$20.47	+11.4%	common	30257X104
—	Exchange Listed FDS TR HI YLD ETF July 17 2020 32	680	$241K	0.3%	$354.41	—	—	Put	30151E954
—	Invesco Exchange Traded Sr Ln ETF Jul 17 2020 21	1,750	$44,000	0.1%	$25.14	—	—	Put	46138G958
—	iShares Trust IBOXX HI YD ETF Aug 21 2020 78	350	$39,000	0.1%	$111.43	—	—	Put	464288953