JCSD Capital, LLC
Long book
$64.2M
Q1 2026
Positions
22
Top-10 weight
95%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
52%
of book per quarter
Strategy in plain words
auto-generated from filingsJCSD Capital, LLC is an institutional manager, specialised in financials (98% of the long book), running a $64.2M US long book across 22 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ISHARES CORE S&P 500 ETF, COASTAL FINANCIAL CORP/WA, FFB BANCORP, EAGLE BANCORP INC, BANK OF N.T. BUTTERFIELD&SON.
Over the last 4 quarters its long book ran on average 2.4pp per quarter behind the S&P 500, beating the index in 1 of 4 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2025
+7.2%
Q3 2025
+3.5%
Q4 2025
-9.7%
Q1 2026
+10.6%
Sector allocation
Financials 76%
Other 24%
Services media 0%
Long book by quarter
What does JCSD Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CCB COASTAL FINANCIAL CORP/WA | Financials | 140.1K | $10.7M | 16.6% | +8.6% |
| FFBB FFB BANCORP | — | 119.0K | $10.2M | 15.9% | -0.7% |
| EGBN EAGLE BANCORP INC | Financials | 182.9K | $4.5M | 7.1% | +223.7% |
| NTB BANK OF N.T. BUTTERFIELD&SON | Financials | 77.8K | $4.1M | 6.4% | -1.3% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 20.1K | $3.7M | 5.7% | New |
| EWBC EAST WEST BANCORP INC | Financials | 26.1K | $2.8M | 4.3% | -34.9% |
| GDOT GREEN DOT CORP-CLASS A | Financials | 205.5K | $2.3M | 3.6% | +20450.0% |
| OSBC OLD SECOND BANCORP INC | Financials | 74.1K | $1.5M | 2.3% | Held |
| BPOP POPULAR INC | Financials | 10.0K | $1.3M | 2.1% | -56.7% |
| CHYM CHIME FINANCIAL INC-CL A | Financials | 51.0K | $955K | 1.5% | +13.8% |
| FIGR FIGURE TECHNOLOGY SOLUT-CL A | Financials | 23.1K | $784K | 1.2% | New |
| FNB FNB CORP | Financials | 30.0K | $502K | 0.8% | New |
| FOUR SHIFT4 PAYMENTS INC-CLASS A | Services media | 509 | $22K | 0.0% | -94.2% |
| UWMC UWM HOLDINGS CORP | Financials | 1.8K | $7K | 0.0% | -99.2% |
| VLY VALLEY NATIONAL BANCORP | Financials | 500 | $6K | 0.0% | New |
| TCBX THIRD COAST BANCSHARES INC | Financials | 154 | $6K | 0.0% | New |
| WSFS WSFS FINANCIAL CORP | Financials | 35 | $2K | 0.0% | New |