JCSD Capital 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Affirm Hldgs May 19 2023 12.50 put	put	00827B956	139,000	500	PRN	Put	SOLE		0	0	0
ALLY Financial Apr 21 2023 36 call	call	02005N900	1,250	500	PRN	Call	SOLE		0	0	0
ALLY Financial Apr 21 2023 27 put	put	02005N950	118,750	500	PRN	Put	SOLE		0	0	0
Amerant Bancorp CL A	common	023576101	1,889,421	86,830	SH		SOLE		0	0	0
Ameris Bancorp	common	03076K108	591,864	16,180	SH		SOLE		0	0	0
Banc of California Inc	common	05990K106	1,768,196	141,117	SH		SOLE		0	0	0
Bay Community Bancorp	common	072205107	1,326,400	160,000	SH		SOLE		0	0	0
B. Riley Financial Jul 21 2023 35 put	put	05580M108	54,000	60	PRN	Put	SOLE		0	0	0
CNB Finl Corp PA	common	126128107	2,126,496	110,755	SH		SOLE		0	0	0
Coastal Financial Corp WA	common	19046P209	3,419,077	94,948	SH		SOLE		0	0	0
Communities First Financial Corp	common	20344D104	8,582,768	136,451	SH		SOLE		0	0	0
Credit Accep Corp MICH Apr 21 2023 500 call	call	225310101	2,875	10	PRN	Call	SOLE		0	0	0
East West Bancorp Inc	common	27579R104	1,609,500	29,000	SH		SOLE		0	0	0
First Bancorp NC	common	318910106	4,346,263	122,361	SH		SOLE		0	0	0
First Bancshares Inc MS	common	318916103	3,962,296	153,399	SH		SOLE		0	0	0
First Bancshares Inc MS Sep 15 2023 30 call	call	318916903	4,900	40	PRN	Call	SOLE		0	0	0
Gateway Bank FSB	common	36758P102	870,000	3,000,000	SH		SOLE		0	0	0
Global X FDS FINTECH ETF Apr 21 2023 19 put	put	37954Y954	22,500	1,500	PRN	Put	SOLE		0	0	0
Heritage Commerce Corp	common	426927109	903,713	108,489	SH		SOLE		0	0	0
Heritage Financial WASH	common	42722X106	2,396,800	112,000	SH		SOLE		0	0	0
Invesco EXCH Traded FD TR II KBW BK ETF	common	46138E628	1,804,710	43,000	SH		SOLE		0	0	0
Mainstreet Bancshares Inc	common	56064Y100	1,278,114	54,411	SH		SOLE		0	0	0
Marqeta Inc CL A	common	57142B104	48,422	10,600	SH		SOLE		0	0	0
Mastercard Incorporated CL A	common	57636Q104	72,682	200	SH		SOLE		0	0	0
McHenry Bancorp, Inc.	common	580683209	1,732,509	68,209	SH		SOLE		0	0	0
Metropolitan Bk Hldg	common	591774104	23,723	700	SH		SOLE		0	0	0
New York Cmnty Bancorp Inc	common	649445103	2,743,640	303,500	SH		SOLE		0	0	0
Nuvei Corporation	SUB VTG SHS	67079A102	2,002,585	46,010	SH		SOLE		0	0	0
Payoneer Global Inc	common	70451X104	1,206,388	192,100	SH		SOLE		0	0	0
Paysign Inc	common	70451A104	885,840	244,033	SH		SOLE		0	0	0
PCB Bancorp	common	69320M109	979,104	67,571	SH		SOLE		0	0	0
Popular Inc	common	733174700	401,870	7,000	SH		SOLE		0	0	0
Financial Select Sector SPDR ETF Apr 28 2023 30 put	put	81369Y955	122,500	5,000	PRN	Put	SOLE		0	0	0
Financial Select Sector SPDR ETF Jun 16 2023 34.00 call	call	81369Y905	156,250	2,500	PRN	Call	SOLE		0	0	0
Financial Select Sector SPDR ETF Jun 16 2023 36.00 call	call	81369Y905	80,000	5,000	PRN	Call	SOLE		0	0	0
Financial Select Sector SPDR ETF Jun 16 2023 40.00 call	call	81369Y905	5,000	2,500	PRN	Call	SOLE		0	0	0
Financial Select Sector SPDR ETF Jun 16 2023 41.00 call	call	81369Y905	2,600	2,600	PRN	Call	SOLE		0	0	0
Shift4 PMTS Inc CL A	common	82452J109	1,061,882	14,009	SH		SOLE		0	0	0
Southern Sts Bancshares Inc	common	843878307	2,299,378	101,968	SH		SOLE		0	0	0
SPDR SER TR S&P BK ETF	common	78464A797	4,122,840	94,000	SH		SOLE		0	0	0
SPDR SER TR S&P REGL BKG Apr 21 2023 50 call	call	78464A907	35,250	1,500	PRN	Call	SOLE		0	0	0
Synchrony Financial Apr 21 2023 36 call	call	87165B903	3,000	300	PRN	Call	SOLE		0	0	0
Trustmark Corp	common	898402102	10,176	412	SH		SOLE		0	0	0
United Community Banks Blairsvle GA	common	90984P303	543,700	19,335	SH		SOLE		0	0	0
US Metro Bank	common	90343B102	3,872,322	1,075,645	SH		SOLE		0	0	0
UWM Holdings Corp	common	91823B109	98,200	20,000	SH		SOLE		0	0	0
UWM Holdings Corp Jan 19 2024 3 call	call	91823B909	260,250	1,300	PRN	Call	SOLE		0	0	0
Western Alliance Bancorp	common	957638109	1,765,912	49,688	SH		SOLE		0	0	0
Western Alliance Bancorp Apr 21 2023 50 call	call	957638909	10,000	500	PRN	Call	SOLE		0	0	0
Western Alliance Bancorp May 19 2023 40 call	call	957638909	140,000	500	PRN	Call	SOLE		0	0	0