JACOBS ASSET MANAGEMENT, LLC
Long book
$167.1M
Q1 2026
Positions
28
Top-10 weight
62%
concentration
Last quarter
+17.0%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsJACOBS ASSET MANAGEMENT, LLC is a concentrated fundamental stock-picker, specialised in financials (75% of the long book), running a $167.1M US long book across 28 positions.
The portfolio is concentrated: the top 10 names carry 62% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SPROTT INC, QUINSTREET INC, SERVISFIRST BANCSHARES INC, GOLD.COM INC, MEDIAALPHA INC-CLASS A.
Over the last 9 quarters its long book ran on average 2.1pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.8%
Q2 2024
+16.4%
Q3 2024
+3.7%
Q4 2024
-1.8%
Q1 2025
+6.7%
Q2 2025
+9.2%
Q3 2025
+6.3%
Q4 2025
-0.2%
Q1 2026
+17.0%
Sector allocation
Financials 74%
Services media 14%
Consumer discretionary 6%
Technology 4%
Other 2%
Long book by quarter
What does JACOBS ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SII SPROTT INC | Financials | 160.0K | $22.9M | 13.7% | -3.3% |
| QNST QUINSTREET INC | Services media | 1.1M | $13.6M | 8.2% | +21.6% |
| SFBS SERVISFIRST BANCSHARES INC | Financials | 150.0K | $10.9M | 6.5% | +50.0% |
| GOLD GOLD.COM INC | Consumer discretionary | 257.5K | $10.3M | 6.2% | -14.2% |
| MAX MEDIAALPHA INC-CLASS A | Services media | 924.4K | $8.6M | 5.1% | +31.1% |
| QCRH QCR HOLDINGS INC | Financials | 100.0K | $8.5M | 5.1% | -8.8% |
| NPB NORTHPOINTE BANCSHARES INC | Financials | 425.0K | $7.3M | 4.4% | -10.5% |
| CBK COMMERCIAL BANCGROUP INC | Financials | 278.5K | $7.2M | 4.3% | -13.0% |
| TFIN TRIUMPH FINANCIAL INC | Financials | 117.5K | $7.0M | 4.2% | +922.0% |
| CCB COASTAL FINANCIAL CORP/WA | Financials | 89.1K | $6.8M | 4.1% | +0.8% |
| BPOP POPULAR INC | Financials | 50.0K | $6.7M | 4.0% | Held |
| MYFW FIRST WESTERN FINANCIAL INC | Financials | 257.8K | $6.3M | 3.8% | -3.7% |
| EVER EVERQUOTE INC - CLASS A | Technology | 403.3K | $6.2M | 3.7% | +199.9% |
| COFS CHOICEONE FINANCIAL SVCS INC | Financials | 196.2K | $5.5M | 3.3% | +19.7% |
| NBHC NATIONAL BANK HOLD-CL A | Financials | 120.0K | $4.7M | 2.8% | -35.1% |
| HBNC HORIZON BANCORP INC/IN | Financials | 265.0K | $4.4M | 2.6% | Held |
| OFG OFG BANCORP | Financials | 90.0K | $3.6M | 2.2% | +13.5% |
| TCBK TRICO BANCSHARES | Financials | 75.0K | $3.6M | 2.1% | +11.1% |
| XHC HERITAGE COMMERCE CORP | — | 262.5K | $3.3M | 2.0% | +31.3% |
| CBSH COMMERCE BANCSHARES INC | Financials | 62.5K | $3.1M | 1.8% | New |
| OSBC OLD SECOND BANCORP INC | Financials | 150.0K | $3.0M | 1.8% | -46.7% |
| FBK FB FINANCIAL CORP | Financials | 50.0K | $2.6M | 1.6% | Held |
| AVBH AVIDBANK HOLDINGS INC | Financials | 88.9K | $2.5M | 1.5% | -34.2% |
| GDOT GREEN DOT CORP-CLASS A | Financials | 225.0K | $2.5M | 1.5% | +115.2% |
| CVBF CVB FINANCIAL CORP | Financials | 60.0K | $1.2M | 0.7% | +10.0% |
| BRBS BLUE RIDGE BANKSHARES INC | Financials | 199.9K | $839K | 0.5% | -30.4% |
| TREE LENDINGTREE INC | Financials | 15.0K | $643K | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 28 | $167.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 32 | $179.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 32 | $182.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 29 | $175.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 31 | $159.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 30 | $166.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 30 | $151.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 36 | $157.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 27 | $130.6M | canonical | SEC ↗ |