Jacobs Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Jacobs Asset Management, LLC reported 32 stock positions worth $179.5 million. Its top holding was Sprott (SII) at 9.0% of the portfolio, followed by Quinstreet (QNST, 7.5%) and Gold.com (GOLD, 5.7%). Compared with Q3 2025, it opened 8 new positions, sold out of 7, added to 8 and reduced 13. The biggest buy was a new position in Commercial Bancgroup (CBK) and the biggest sale an exit from Simmons First Natl Class A (SFNC).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001351063
- Portfolio Value
- $179.5M (Q4 2025)
- SEC Filing
- 0001351063-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 32 stocks · $179.5M
| SII Sprott Inc. | 9.02% | 165,467 | $16.2M | Reduce -17.3% |
| QNST Quinstreet Inc. | 7.46% | 932,500 | $13.4M | Add +43.8% |
| GOLD Gold.com Inc. | 5.69% | 300,000 | $10.2M | Reduce -5.5% |
| CCB Coastal Financial Corp. | 5.64% | 88,449 | $10.1M | Add +17.9% |
| ALL Allstate Corp. | 5.62% | 48,500 | $10.1M | No change |
| QCRH QCR Holdings Inc. | 5.09% | 109,694 | $9.1M | Reduce -12.2% |
| MAX Mediaalpha Inc. Class A | 5.09% | 705,299 | $9.1M | Reduce -13.9% |
| NPB Northpointe Bancshares Inc. | 4.44% | 475,000 | $8.0M | Add +2.7% |
| CBK Commercial Bancgroup Inc. | 4.38% | 320,000 | $7.9M | New |
| FCNCA First Citizens Bcshs Class A | 4.18% | 3,500 | $7.5M | No change |
| SFBS Servisfirst Bancshares Inc. | 4.00% | 100,000 | $7.2M | New |
| MYFW First Western Financial Inc. | 4.00% | 267,740 | $7.2M | Reduce -15.0% |
| NBHC National Bank Hold Class A | 3.92% | 185,000 | $7.0M | Add +8.8% |
| BPOP Popular Inc. | 3.47% | 50,000 | $6.2M | Reduce -47.5% |
| OSBC Old Second Bancorp Inc. | 3.06% | 281,477 | $5.5M | Reduce -41.1% |
| COFS Choiceone Financial SVCS Inc. | 2.69% | 163,897 | $4.8M | Add +9.4% |
| HBNC Horizon Bancorp Inc. | 2.50% | 265,000 | $4.5M | Reduce -3.6% |
| PBBK PB Bankshares Inc. | 2.41% | 204,218 | $4.3M | Add +27.2% |
| EVER Everquote Inc. Class A | 2.02% | 134,481 | $3.6M | Reduce -31.2% |
| AVBH Avidbank Holdings Inc. | 2.00% | 135,000 | $3.6M | Reduce -7.6% |
| OFG Ofg Bancorp | 1.81% | 79,330 | $3.3M | Reduce -5.4% |
| TCBK Trico Bancshares | 1.78% | 67,500 | $3.2M | Add +22.7% |
| FBK FB Financial Corp. filed as FB FINL CORP | 1.55% | 50,000 | $2.8M | Reduce -50.0% |
| CBC Central Bancompany | 1.48% | 110,000 | $2.7M | New |
| AOMR Angel Oak Mortgage REIT Inc. | 1.38% | 287,500 | $2.5M | Add +43.8% |
| HTBK Heritage Commerce Corp. | 1.34% | 200,000 | $2.4M | New |
| PGR Progressive Corp. | 0.95% | 7,500 | $1.7M | No change |
| GDOT Green Dot Corp. Class A | 0.75% | 104,536 | $1.3M | New |
| BRBS Blue Ridge Bankshares Inc. | 0.68% | 287,378 | $1.2M | Reduce -29.5% |
| UWMC Uwm Holdings Corp. | 0.63% | 259,000 | $1.1M | New |
| CVBF CVB Financial Corp. | 0.56% | 54,529 | $1.0M | New |
| TFIN Triumph Financial Inc. | 0.40% | 11,497 | $720K | New |
Portfolio Sells Q3 2025 → Q4 2025
| SFNC Simmons First Natl Corp. Class A | Sold out | 0.00% | −3.67 |
| BPOP Popular Inc. | Reduce -47.5% | 3.47% | −3.15 |
| MOFG Midwestone Financial Group I | Sold out | 0.00% | −2.43 |
| CIVB Civista Bancshares Inc. | Sold out | 0.00% | −2.22 |
| CNCK Coincheck Group NV | Sold out | 0.00% | −2.17 |
| BBT Beacon Financial Corp. | Sold out | 0.00% | −2.12 |
| FBK FB Financial Corp. | Reduce -50.0% | 1.55% | −1.50 |
| OSBC Old Second Bancorp Inc. | Reduce -41.1% | 3.06% | −1.47 |
| PB Prosperity Bancshares Inc. | Sold out | 0.00% | −0.61 |
| SBCF Seacoast Banking Corp. | Sold out | 0.00% | −0.47 |
| EVER Everquote Inc. Class A | Reduce -31.2% | 2.02% | −0.43 |
| BRBS Blue Ridge Bankshares Inc. | Reduce -29.5% | 0.68% | −0.26 |
| OFG Ofg Bancorp | Reduce -5.4% | 1.81% | −0.19 |
| QCRH QCR Holdings Inc. | Reduce -12.2% | 5.09% | −0.09 |
| SII Sprott Inc. | Reduce -17.3% | 9.02% | −0.08 |
| AVBH Avidbank Holdings Inc. | Reduce -7.6% | 2.00% | −0.04 |
| MAX Mediaalpha Inc. Class A | Reduce -13.9% | 5.09% | −0.02 |
| MYFW First Western Financial Inc. | Reduce -15.0% | 4.00% | +0.03 |
| HBNC Horizon Bancorp Inc. | Reduce -3.6% | 2.50% | +0.09 |
| GOLD Gold.com Inc. | Reduce -5.5% | 5.69% | +1.19 |
Portfolio Buys Q3 2025 → Q4 2025
| CBK Commercial Bancgroup Inc. | New | 4.38% | +4.38 |
| SFBS Servisfirst Bancshares Inc. | New | 4.00% | +4.00 |
| QNST Quinstreet Inc. | Add +43.8% | 7.46% | +1.97 |
| CBC Central Bancompany | New | 1.48% | +1.48 |
| HTBK Heritage Commerce Corp. | New | 1.34% | +1.34 |
| CCB Coastal Financial Corp. | Add +17.9% | 5.64% | +1.20 |
| GDOT Green Dot Corp. Class A | New | 0.75% | +0.75 |
| PBBK PB Bankshares Inc. | Add +27.2% | 2.41% | +0.72 |
| UWMC Uwm Holdings Corp. | New | 0.63% | +0.63 |
| CVBF CVB Financial Corp. | New | 0.56% | +0.56 |
| TCBK Trico Bancshares | Add +22.7% | 1.78% | +0.44 |
| TFIN Triumph Financial Inc. | New | 0.40% | +0.40 |
| AOMR Angel Oak Mortgage REIT Inc. | Add +43.8% | 1.38% | +0.35 |
| NBHC National Bank Hold Class A | Add +8.8% | 3.92% | +0.32 |
| COFS Choiceone Financial SVCS Inc. | Add +9.4% | 2.69% | +0.32 |
| NPB Northpointe Bancshares Inc. | Add +2.7% | 4.44% | +0.11 |
Notes & Other Activity Q3 2025 → Q4 2025
| CNCKW Coincheck Group NV | *W EXP 12/11/202 | Sold out | 55,111 | $40Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |