Jacobs Asset Management, LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Jacobs Asset Management, LLC reported 29 stock positions worth $156.5 million . Its top holding was Popular (BPOP) at 8.3% of the portfolio, followed by First Citizens Bcshs Class A (FCNCA, 8.1% ) and Sprott (SII, 7.0% ). Compared with Q3 2024, it opened 5 new positions, sold out of 6, added to 13 and reduced 10. The biggest buy was a new position in International Bancshares CRP (IBOC) and the biggest sale an exit from CVB Financial (CVBF).
Location NEW YORK, NY
CIK 0001351063
Portfolio Value $156.5M (Q4 2024) Holdings 29 stocks · $156.5M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 BPOP Popular Inc. 137,500 $12.9M Add +44.7% FCNCA First Citizens Bcshs Class A 6,000 $12.7M Reduce -4.0% SII Sprott Inc. 259,710 $11.0M Reduce -16.2% ALL Allstate Corp. 55,000 $10.6M No change CCB Coastal Financial Corp. 110,096 $9.3M Reduce -41.3% QNST Quinstreet Inc. 400,000 $9.2M Reduce -16.3% GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC 310,000 $8.5M Add +12.7% IBOC International Bancshares CRP 120,000 $7.6M New QCRH QCR Holdings Inc. 91,309 $7.4M Reduce -15.3% MOFG Midwestone Financial Group I 237,500 $6.9M Add +18.1% WABC Westamerica Bancorporation 131,250 $6.9M Add +12.9% MYFW First Western Financial Inc. 312,124 $6.1M Add +50.0% OSBC Old Second Bancorp Inc. 321,155 $5.7M Add +2.8% EVER Everquote Inc. Class A 280,000 $5.6M Add +12.1% OFG Ofg Bancorp 100,000 $4.2M Add +14.3% FISI Financial Institutions Inc. 151,456 $4.1M New MAX Mediaalpha Inc. Class A 356,900 $4.0M Add +5.3% BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 137,931 $3.9M New AGNC AGNC Investment Corp. 375,300 $3.5M Add +50.1% AOMR Angel Oak Mortgage REIT Inc. 341,591 $3.2M Add +265.5% COFS Choiceone Financial SVCS Inc. 62,500 $2.2M Reduce -37.5% PPBI Pacific Premier Bancorp Inc. 84,154 $2.1M Add +0.5% PGR Progressive Corp. 7,500 $1.8M Reduce -25.0% NWFL Norwood Financial Corp. 61,423 $1.7M New EFC Ellington Financial Inc. 126,976 $1.5M Reduce -21.2% BRBS Blue Ridge Bankshares Inc. 456,886 $1.5M Add +20.4% SFBS Servisfirst Bancshares Inc. 12,922 $1.1M Reduce -48.3% MITT TPG Mortgage Investment Trus 100,000 $665K Reduce -37.3% ALRS Alerus Financial Corp. 30,000 $577K New
Options reported separately and not counted above: XLF puts ($9.7M).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ CVBF CVB Financial Corp. Sold out 0.00% −2.95 SII Sprott Inc. Reduce -16.2% 7.00% −1.88 AMTB Amerant Bancorp Inc. Sold out 0.00% −1.70 EWBC East West Bancorp Inc. Sold out 0.00% −1.64 WSBC Wesbanco Inc. Sold out 0.00% −1.43 LIEN Chicago Atlantic BDC Inc. Sold out 0.00% −0.82 CCB Coastal Financial Corp. Reduce -41.3% 5.97% −0.72 SFBS Servisfirst Bancshares Inc. Reduce -48.3% 0.70% −0.63 COFS Choiceone Financial SVCS Inc. Reduce -37.5% 1.42% −0.62 QCRH QCR Holdings Inc. Reduce -15.3% 4.71% −0.57 PGR Progressive Corp. Reduce -25.0% 1.15% −0.53 EFC Ellington Financial Inc. Reduce -21.2% 0.98% −0.39 MITT TPG Mortgage Investment Trus Reduce -37.3% 0.42% −0.37 PB Prosperity Bancshares Inc. Sold out 0.00% −0.29 QNST Quinstreet Inc. Reduce -16.3% 5.90% −0.15 FCNCA First Citizens Bcshs Class A Reduce -4.0% 8.10% +0.49
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ IBOC International Bancshares CRP New 4.84% +4.84 FISI Financial Institutions Inc. New 2.64% +2.64 BBT Beacon Financial Corp. New 2.51% +2.51 BPOP Popular Inc. Add +44.7% 8.27% +1.96 AOMR Angel Oak Mortgage REIT Inc. Add +265.5% 2.03% +1.38 MYFW First Western Financial Inc. Add +50.0% 3.90% +1.15 NWFL Norwood Financial Corp. New 1.07% +1.07 MOFG Midwestone Financial Group I Add +18.1% 4.42% +0.62 WABC Westamerica Bancorporation Add +12.9% 4.40% +0.60 AGNC AGNC Investment Corp. Add +50.1% 2.21% +0.48 OSBC Old Second Bancorp Inc. Add +2.8% 3.65% +0.43 ALRS Alerus Financial Corp. New 0.37% +0.37 BRBS Blue Ridge Bankshares Inc. Add +20.4% 0.94% +0.24 OFG Ofg Bancorp Add +14.3% 2.70% +0.10 EVER Everquote Inc. Class A Add +12.1% 3.58% +0.09 PPBI Pacific Premier Bancorp Inc. Add +0.5% 1.34% −0.05 MAX Mediaalpha Inc. Class A Add +5.3% 2.58% −1.48 GOLD Gold.com Inc. Add +12.7% 5.43% −2.61
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ XLF SS Financial Select Sector put New 200,000 $9.7M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 21 $132.8M SII, QNST, MAX, GOLD, SFBS Q1 2026 28 $167.1M SII, QNST, SFBS, GOLD, MAX Q4 2025 32 $179.5M SII, QNST, GOLD, CCB, ALL Q3 2025 31 $182.7M SII, BPOP, ALL, QNST, QCRH Q2 2025 29 $175.5M SII, BPOP, FCNCA, QNST, ALL Q1 2025 30 $158.0M FCNCA, SII, BPOP, ALL, NPB Q4 2024 29 $156.5M BPOP, FCNCA, SII, ALL, CCB Q3 2024 30 $151.1M SII, GOLD, FCNCA, ALL, CCB Q2 2024 35 $157.3M SII, GOLD, ALL, BPOP, FCNCA Q1 2024 27 $130.6M SII, GOLD, ALL, BPOP, QCRH