JCSD Capital, LLC Hedge Fund

Location: Walnut Creek, CA

CIK: 0001444055 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 6, 2017

Total Value: $114M (98.6% shares, 1.4% debt)

Holdings (35)

— Pacific Premier Bancorp 9.3%

Value $10.61M Shares 300,000 Share Price $35.35 Est. Cost/Share $17.33 Unrealized @ Report Date —

— First Bancshares Inc MS 8.3%

Value $9.445M Shares 343,457 Share Price $27.50 Est. Cost/Share $16.56 Unrealized @ Report Date —

— Franklin Financial Network 7.0%

Value $7.952M Shares 190,000 Share Price $41.85 Est. Cost/Share $21.00 Unrealized @ Report Date —

— CU Bancorp Calif 6.3%

Value $7.16M Shares 200,000 Share Price $35.80 Est. Cost/Share $22.75 Unrealized @ Report Date —

— Carolina Bk Hldgs Greensboro 5.3%

Value $6.096M Shares 236,005 Share Price $25.83 Est. Cost/Share $13.41 Unrealized @ Report Date —

— Evans Bancorp Inc 4.9%

Value $5.641M Shares 178,786 Share Price $31.55 Est. Cost/Share $24.33 Unrealized @ Report Date —

ONB Old Natl Bancorp IND 4.8%

Value $5.445M Shares 300,000 Share Price $18.15 Est. Cost/Share $12.65 Unrealized @ Report Date +43.4%

HTBK Heritage Commerce Corp 4.7%

Value $5.325M Shares 369,000 Share Price $14.43 * Est. Cost/Share $8.61 Unrealized @ Report Date +41.2%

BUSE First Busey Corp 4.6%

Value $5.233M Shares 170,000 Share Price $30.78 * Est. Cost/Share $14.66 Unrealized @ Report Date +49.1%

TFIN Triumph Bancorp Inc 4.1%

Value $4.707M Shares 180,000 Share Price $26.15 Est. Cost/Share $13.66 Unrealized @ Report Date +91.4%

CFR Cullen Frost Bankers Inc 3.9%

Value $4.412M Shares 50,000 Share Price $88.24 * Est. Cost/Share $38.79 Unrealized @ Report Date +75.4%

— FCB Financial Holdings Inc CL A 3.3%

Value $3.816M Shares 80,000 Share Price $47.70 Est. Cost/Share $32.62 Unrealized @ Report Date —

SFBS Servisfirst Bancshares Inc 3.3%

Value $3.744M Shares 100,000 Share Price $37.44 * Est. Cost/Share $16.35 Unrealized @ Report Date +99.6%

— Northwest Bancorporation 3.2%

Value $3.675M Shares 356,821 Share Price $10.30 Est. Cost/Share $8.97 Unrealized @ Report Date —

— Northern States Financial Corp 2.7%

Value $3.109M Shares 4,347,685 Share Price $0.72 Est. Cost/Share $0.63 Unrealized @ Report Date —

— Green Bancorp Inc 2.6%

Value $2.95M Shares 194,053 Share Price $15.20 Est. Cost/Share $9.62 Unrealized @ Report Date —

— Bank of the Ozarks Inc 2.5%

Value $2.892M Shares 55,000 Share Price $52.58 Est. Cost/Share $43.75 Unrealized @ Report Date —

— BOFI Hldg Inc 2.5%

Value $2.855M Shares 100,000 Share Price $28.55 Est. Cost/Share $21.25 Unrealized @ Report Date —

— Stonegate Bank FT Lauderdale FLA 2.4%

Value $2.798M Shares 67,059 Share Price $41.72 Est. Cost/Share $33.75 Unrealized @ Report Date —

FMBH First Mid Ill Bancshares, Inc. 2.0%

Value $2.312M Shares 68,000 Share Price $34.00 * Est. Cost/Share $15.84 Unrealized @ Report Date +71.9%

— Bank of Commerce Holdings 1.5%

Value $1.764M Shares 185,716 Share Price $9.50 Est. Cost/Share $8.14 Unrealized @ Report Date —

ZION ZIONS Bancorporation 1.5%

Value $1.722M Shares 40,000 Share Price $43.05 Est. Cost/Share $23.00 Unrealized @ Report Date +87.1%

— Grandsouth Bancorporation 1.5%

Value $1.678M Shares 125,000 Share Price $13.42 Est. Cost/Share $12.63 Unrealized @ Report Date —

— Sunshine Bancorp Inc 1.4%

Value $1.55M Shares 90,440 Share Price $17.14 Est. Cost/Share $15.13 Unrealized @ Report Date —

— ZIONS Bancorporation Jan 20 2017 20.00 1.3%

Value $1.489M Shares 650 Share Price $2290.77 Est. Cost/Share — Unrealized @ Report Date —

WBS Webster Financial Corp Conn 1.2%

Value $1.357M Shares 25,000 Share Price $54.28 Est. Cost/Share $30.92 Unrealized @ Report Date +75.5%

HOPE Hope Bancorp Inc 1.0%

Value $1.187M Shares 54,238 Share Price $21.89 Est. Cost/Share $16.20 Unrealized @ Report Date +35.1%

COLB Columbia Bkg Sys Inc 1.0%

Value $1.117M Shares 25,000 Share Price $44.68 * Est. Cost/Share $17.83 Unrealized @ Report Date +70.9%

— MB Financial Inc New 1.0%

Value $1.086M Shares 23,000 Share Price $47.22 Est. Cost/Share $32.86 Unrealized @ Report Date —

BMRC Bank of Marin Bancorp 0.5%

Value $558K Shares 8,000 Share Price $69.75 * Est. Cost/Share $17.87 Unrealized @ Report Date +46.1%

— California Bank of Commerce CA 0.3%

Value $393K Shares 25,461 Share Price $15.44 Est. Cost/Share $13.73 Unrealized @ Report Date —

— Servisfirst Bancshares Inc Jan 20 2017 37.50 0.1%

Value $60,000 Shares 500 Share Price $120.00 Est. Cost/Share — Unrealized @ Report Date —

— SPDR RGNL BKG Jan 27 2017 55.00 0.1%

Value $59,000 Shares 500 Share Price $118.00 Est. Cost/Share — Unrealized @ Report Date —

— Pacific Premier Bancorp Jan 20 2017 35.00 0.0%

Value $32,000 Shares 301 Share Price $106.31 Est. Cost/Share — Unrealized @ Report Date —

— Direxion SHS ETF Tr Dly S&P 500 Bear 0.0%

Value $11,000 Shares 1,000 Share Price $11.00 Est. Cost/Share $14.76 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	Pacific Premier Bancorp	300,000	$10.61M	9.3%	$35.35	$17.33	—	common	69478X105
—	First Bancshares Inc MS	343,457	$9.445M	8.3%	$27.50	$16.56	—	common	318916103
—	Franklin Financial Network	190,000	$7.952M	7.0%	$41.85	$21.00	—	common	35352P104
—	CU Bancorp Calif	200,000	$7.16M	6.3%	$35.80	$22.75	—	common	126534106
—	Carolina Bk Hldgs Greensboro	236,005	$6.096M	5.3%	$25.83	$13.41	—	common	143785103
—	Evans Bancorp Inc	178,786	$5.641M	4.9%	$31.55	$24.33	—	common	29911Q208
ONB	Old Natl Bancorp IND	300,000	$5.445M	4.8%	$18.15	$12.65	+43.4%	common	680033107
HTBK	Heritage Commerce Corp	369,000	$5.325M	4.7%	$14.43 *	$8.61	+41.2%	common	426927109
BUSE	First Busey Corp	170,000	$5.233M	4.6%	$30.78 *	$14.66	+49.1%	common	319383204
TFIN	Triumph Bancorp Inc	180,000	$4.707M	4.1%	$26.15	$13.66	+91.4%	common	89679E300
CFR	Cullen Frost Bankers Inc	50,000	$4.412M	3.9%	$88.24 *	$38.79	+75.4%	common	229899109
—	FCB Financial Holdings Inc CL A	80,000	$3.816M	3.3%	$47.70	$32.62	—	common	30255G103
SFBS	Servisfirst Bancshares Inc	100,000	$3.744M	3.3%	$37.44 *	$16.35	+99.6%	common	81768T108
—	Northwest Bancorporation	356,821	$3.675M	3.2%	$10.30	$8.97	—	common	667337109
—	Northern States Financial Corp	4,347,685	$3.109M	2.7%	$0.72	$0.63	—	common	665751103
—	Green Bancorp Inc	194,053	$2.95M	2.6%	$15.20	$9.62	—	common	39260X100
—	Bank of the Ozarks Inc	55,000	$2.892M	2.5%	$52.58	$43.75	—	common	063904106
—	BOFI Hldg Inc	100,000	$2.855M	2.5%	$28.55	$21.25	—	common	05566U108
—	Stonegate Bank FT Lauderdale FLA	67,059	$2.798M	2.4%	$41.72	$33.75	—	common	861811107
FMBH	First Mid Ill Bancshares, Inc.	68,000	$2.312M	2.0%	$34.00 *	$15.84	+71.9%	common	320866106
—	Bank of Commerce Holdings	185,716	$1.764M	1.5%	$9.50	$8.14	—	common	06424J103
ZION	ZIONS Bancorporation	40,000	$1.722M	1.5%	$43.05	$23.00	+87.1%	common	989701107
—	Grandsouth Bancorporation	125,000	$1.678M	1.5%	$13.42	$12.63	—	common	386627301
—	Sunshine Bancorp Inc	90,440	$1.55M	1.4%	$17.14	$15.13	—	common	86777J108
—	ZIONS Bancorporation Jan 20 2017 20.00	650	$1.489M	1.3%	$2290.77	—	—	Call	989701907
WBS	Webster Financial Corp Conn	25,000	$1.357M	1.2%	$54.28	$30.92	+75.5%	common	947890109
HOPE	Hope Bancorp Inc	54,238	$1.187M	1.0%	$21.89	$16.20	+35.1%	common	43940T109
COLB	Columbia Bkg Sys Inc	25,000	$1.117M	1.0%	$44.68 *	$17.83	+70.9%	common	197236102
—	MB Financial Inc New	23,000	$1.086M	1.0%	$47.22	$32.86	—	common	55264U108
BMRC	Bank of Marin Bancorp	8,000	$558K	0.5%	$69.75 *	$17.87	+46.1%	common	063425102
—	California Bank of Commerce CA	25,461	$393K	0.3%	$15.44	$13.73	—	common	13005C101
—	Servisfirst Bancshares Inc Jan 20 2017 37.50	500	$60,000	0.1%	$120.00	—	—	Put	81768T958
—	SPDR RGNL BKG Jan 27 2017 55.00	500	$59,000	0.1%	$118.00	—	—	Put	78464A958
—	Pacific Premier Bancorp Jan 20 2017 35.00	301	$32,000	0.0%	$106.31	—	—	Put	69478X955
—	Direxion SHS ETF Tr Dly S&P 500 Bear	1,000	$11,000	0.0%	$11.00	$14.76	—	common	25459Y371