Jacobs Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Jacobs Asset Management, LLC reported 29 stock positions worth $175.5 million. Its top holding was Sprott (SII) at 8.9% of the portfolio, followed by Popular (BPOP, 8.7%) and First Citizens Bcshs Class A (FCNCA, 7.8%). Compared with Q1 2025, it opened 4 new positions, sold out of 5, added to 15 and reduced 8. The biggest buy was a new position in FB Financial (FBK) and the biggest sale an exit from International Bancshares CRP (IBOC).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001351063
- Portfolio Value
- $175.5M (Q2 2025)
- SEC Filing
- 0001085146-25-005025 ↗ filed Aug 13, 2025
Holdings Value
Holdings 29 stocks · $175.5M
| SII Sprott Inc. | 8.86% | 225,000 | $15.5M | Reduce -22.1% |
| BPOP Popular Inc. | 8.65% | 137,734 | $15.2M | Add +12.0% |
| FCNCA First Citizens Bcshs Class A | 7.81% | 7,000 | $13.7M | Reduce -17.6% |
| QNST Quinstreet Inc. | 6.54% | 712,500 | $11.5M | Add +44.3% |
| ALL Allstate Corp. | 5.56% | 48,500 | $9.8M | No change |
| CCB Coastal Financial Corp. | 5.52% | 100,000 | $9.7M | Add +21.2% |
| QCRH QCR Holdings Inc. | 5.30% | 136,932 | $9.3M | Add +35.2% |
| MAX Mediaalpha Inc. Class A | 4.98% | 798,666 | $8.7M | Add +95.5% |
| NPB Northpointe Bancshares Inc. | 4.88% | 624,154 | $8.6M | Add +0.2% |
| OSBC Old Second Bancorp Inc. | 4.68% | 462,500 | $8.2M | Add +14.7% |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 4.55% | 360,000 | $8.0M | Add +32.1% |
| MYFW First Western Financial Inc. | 4.37% | 340,000 | $7.7M | Add +4.6% |
| FBK FB Financial Corp. filed as FB FINL CORP | 3.23% | 125,000 | $5.7M | New |
| EVER Everquote Inc. Class A | 2.89% | 209,410 | $5.1M | Add +11.7% |
| COFS Choiceone Financial SVCS Inc. | 2.62% | 160,278 | $4.6M | Add +2.6% |
| OFG Ofg Bancorp | 2.50% | 102,500 | $4.4M | Add +29.2% |
| MOFG Midwestone Financial Group I | 2.46% | 150,000 | $4.3M | Reduce -25.0% |
| TREE Lendingtree Inc. | 2.27% | 107,400 | $4.0M | New |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 1.97% | 137,931 | $3.5M | No change |
| PGR Progressive Corp. | 1.90% | 12,500 | $3.3M | Add +25.0% |
| SFBS Servisfirst Bancshares Inc. | 1.62% | 36,776 | $2.9M | Add +184.6% |
| AOMR Angel Oak Mortgage REIT Inc. | 1.45% | 270,000 | $2.5M | Reduce -1.6% |
| BRBS Blue Ridge Bankshares Inc. | 1.21% | 590,000 | $2.1M | Add +38.8% |
| TRMK Trustmark Corp. | 0.99% | 47,704 | $1.7M | New |
| FSUN Firstsun Capital Bancorp | 0.99% | 50,041 | $1.7M | Reduce -66.6% |
| NWFL Norwood Financial Corp. | 0.75% | 50,741 | $1.3M | Reduce -15.4% |
| FISI Financial Institutions Inc. | 0.63% | 42,752 | $1.1M | Reduce -65.7% |
| SBCF Seacoast Banking Corp. | 0.44% | 28,000 | $773K | New |
| AGNC AGNC Investment Corp. | 0.39% | 75,000 | $689K | Reduce -75.0% |
Portfolio Sells Q1 2025 → Q2 2025
| IBOC International Bancshares CRP | Sold out | 0.00% | −2.79 |
| FSUN Firstsun Capital Bancorp | Reduce -66.6% | 0.99% | −2.44 |
| FCNCA First Citizens Bcshs Class A | Reduce -17.6% | 7.81% | −2.17 |
| EFSI Eagle Financial Services Inc. | Sold out | 0.00% | −1.62 |
| AGNC AGNC Investment Corp. | Reduce -75.0% | 0.39% | −1.43 |
| FISI Financial Institutions Inc. | Reduce -65.7% | 0.63% | −1.34 |
| MOFG Midwestone Financial Group I | Reduce -25.0% | 2.46% | −1.29 |
| PPBI Pacific Premier Bancorp Inc. | Sold out | 0.00% | −0.67 |
| MITT TPG Mortgage Investment Trus | Sold out | 0.00% | −0.33 |
| AOMR Angel Oak Mortgage REIT Inc. | Reduce -1.6% | 1.45% | −0.20 |
| NWFL Norwood Financial Corp. | Reduce -15.4% | 0.75% | −0.17 |
| EFC Ellington Financial Inc. | Sold out | 0.00% | −0.10 |
| SII Sprott Inc. | Reduce -22.1% | 8.86% | +0.66 |
Portfolio Buys Q1 2025 → Q2 2025
| FBK FB Financial Corp. | New | 3.23% | +3.23 |
| MAX Mediaalpha Inc. Class A | Add +95.5% | 4.98% | +2.60 |
| TREE Lendingtree Inc. | New | 2.27% | +2.27 |
| BPOP Popular Inc. | Add +12.0% | 8.65% | +1.46 |
| TRMK Trustmark Corp. | New | 0.99% | +0.99 |
| QNST Quinstreet Inc. | Add +44.3% | 6.54% | +0.96 |
| SFBS Servisfirst Bancshares Inc. | Add +184.6% | 1.62% | +0.95 |
| CCB Coastal Financial Corp. | Add +21.2% | 5.52% | +0.80 |
| QCRH QCR Holdings Inc. | Add +35.2% | 5.30% | +0.73 |
| OFG Ofg Bancorp | Add +29.2% | 2.50% | +0.49 |
| SBCF Seacoast Banking Corp. | New | 0.44% | +0.44 |
| OSBC Old Second Bancorp Inc. | Add +14.7% | 4.68% | +0.43 |
| BRBS Blue Ridge Bankshares Inc. | Add +38.8% | 1.21% | +0.33 |
| MYFW First Western Financial Inc. | Add +4.6% | 4.37% | +0.33 |
| GOLD Gold.com Inc. | Add +32.1% | 4.55% | +0.17 |
| PGR Progressive Corp. | Add +25.0% | 1.90% | +0.11 |
| COFS Choiceone Financial SVCS Inc. | Add +2.6% | 2.62% | −0.22 |
| EVER Everquote Inc. Class A | Add +11.7% | 2.89% | −0.22 |
| NPB Northpointe Bancshares Inc. | Add +0.2% | 4.88% | −0.82 |
Options Activity Q1 2025 → Q2 2025
| MAX Mediaalpha Inc. Class A | call | Sold out | 200,000 | $1.8Mbefore exit |
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 |