Jacobs Asset Management 13F annual report
Jacobs Asset Management is an investment fund managing more than $157 billion ran by Sy Jacobs. There are currently 35 companies in Mr. Jacobs’s portfolio. The largest investments include Sprott and A-Mark Precious Metals Inc, together worth $24.3 billion.
$157 billion Assets Under Management (AUM)
As of 30th July 2024, Jacobs Asset Management’s top holding is 352,597 shares of Sprott currently worth over $14.6 billion and making up 9.3% of the portfolio value.
Relative to the number of outstanding shares of Sprott, Jacobs Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 300,000 shares of A-Mark Precious Metals Inc worth $9.71 billion, whose value grew 27.3% in the past six months.
The third-largest holding is Allstate Corp worth $9.18 billion and the next is Popular worth $9.06 billion, with 102,479 shares owned.
Currently, Jacobs Asset Management's portfolio is worth at least $157 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Jacobs Asset Management
The Jacobs Asset Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Sy Jacobs serves as the Managing Member at Jacobs Asset Management.
Recent trades
In the most recent 13F filing, Jacobs Asset Management revealed that it had opened a new position in
First Ctzns Bancshares Inc N and bought 5,000 shares worth $8.42 billion.
The investment fund also strengthened its position in Allstate Corp by buying
7,500 additional shares.
This makes their stake in Allstate Corp total 57,500 shares worth $9.18 billion.
Allstate Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Jacobs Asset Management is getting rid of from its portfolio.
Jacobs Asset Management closed its position in New York Cmnty Bancorp Inc on 6th August 2024.
It sold the previously owned 806,100 shares for $8.25 billion.
Sy Jacobs also disclosed a decreased stake in Sprott by 0.3%.
This leaves the value of the investment at $14.6 billion and 352,597 shares.
One of the smallest hedge funds
The two most similar investment funds to Jacobs Asset Management are Standard General L.P. and Vantage Consulting Inc. They manage $157 billion and $157 billion respectively.
Sy Jacobs investment strategy
Jacobs Asset Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 52.5% of
the total portfolio value.
The fund focuses on investments in the United States as
51.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
6% of the total holdings value.
On the other hand, small-cap stocks make up only 2.9% of the portfolio.
The average market cap of the portfolio companies is close to $7.69 billion.
The complete list of Jacobs Asset Management trades based on 13F SEC filings
These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Sprott Inc. |
28.51%
352,597
|
$14,593,990,000 | 9.28% |
| A-Mark Precious Metals Inc |
5.49%
300,000
|
$9,711,000,000 | 6.18% |
| Allstate Corp (The) |
15.00%
57,500
|
$9,180,450,000 | 5.84% |
| Popular Inc. |
25.47%
102,479
|
$9,062,218,000 | 5.76% |
| First Ctzns Bancshares Inc N |
Opened
5,000
|
$8,418,050,000 | 5.35% |
| QuinStreet Inc |
21.71%
499,000
|
$8,278,410,000 | 5.26% |
| New York Cmnty Bancorp Inc |
Closed
806,100
|
$8,246,403,000 | |
| Qcr Holdings Inc |
14.35%
137,225
|
$8,233,500,000 | 5.24% |
| Coastal Finl Corp Wa |
139.30%
171,817
|
$7,927,636,000 | 5.04% |
| Westamerica Bancorporation |
229.48%
156,501
|
$7,594,994,000 | 4.83% |
| OFG Bancorp |
10.33%
179,330
|
$6,715,909,000 | 4.27% |
| MediaAlpha, Inc. |
41.41%
450,000
|
$5,926,500,000 | 3.77% |
| Prosperity Bancshares Inc. |
11.11%
80,000
|
$4,891,200,000 | 3.11% |
| Old Second Bancorp Inc Ill |
Opened
325,000
|
$4,813,250,000 | 3.06% |
| Truist Finl Corp |
Opened
106,000
|
$4,118,100,000 | 2.62% |
| First Mid Ill Bancshares Inc |
13.92%
122,739
|
$4,035,658,000 | 2.57% |
| ServisFirst Bancshares Inc |
166.67%
60,000
|
$3,791,400,000 | 2.41% |
| EverQuote Inc |
26.04%
166,421
|
$3,471,542,000 | 2.21% |
| Ellington Financial Inc. |
15.79%
275,000
|
$3,322,000,000 | 2.11% |
| Columbia Bkg Sys Inc |
Closed
122,100
|
$3,257,628,000 | |
| Pacific Premier Bancorp, Inc. |
197.28%
141,206
|
$3,243,502,000 | 2.06% |
| Esquire Finl Hldgs Inc |
43.92%
65,889
|
$3,136,316,000 | 1.99% |
| First Westn Finl Inc |
Opened
158,435
|
$2,693,395,000 | 1.71% |
| Progressive Corp. |
16.67%
12,500
|
$2,596,375,000 | 1.65% |
| First Hawaiian INC |
Opened
125,000
|
$2,595,000,000 | 1.65% |
| First Busey Corp. |
Opened
100,000
|
$2,421,000,000 | 1.54% |
| NewtekOne Inc |
Opened
176,203
|
$2,214,872,000 | 1.41% |
| Agnc Invt Corp |
10.52%
232,100
|
$2,214,234,000 | 1.41% |
| Ag Mtg Invt Tr Inc |
3.70%
309,005
|
$2,051,793,000 | 1.30% |
| Central Pac Finl Corp |
Closed
100,000
|
$1,968,000,000 | |
| First Fndtn Inc |
Opened
300,000
|
$1,965,000,000 | 1.25% |
| Willis Lease Fin Corp |
Closed
34,862
|
$1,704,055,000 | |
| Bank Hawaii Corp |
Opened
29,621
|
$1,694,617,000 | 1.08% |
| East West Bancorp, Inc. |
25.00%
22,500
|
$1,647,675,000 | 1.05% |
| First Bk Williamstown New Je |
37.97%
108,460
|
$1,381,780,000 | 0.88% |
| Silver Spike Investment Corp |
36.53%
116,150
|
$1,372,893,000 | 0.87% |
| LendingTree Inc. |
Opened
30,000
|
$1,247,700,000 | 0.79% |
| Southern Calif Bancorp |
Closed
41,233
|
$715,393,000 | |
| Blue Ridge Bankshares Inc Va |
Opened
228,794
|
$597,152,000 | 0.38% |
| Linkbancorp Inc |
88.77%
16,000
|
$97,920,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 40 holdings | |||
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