# Southside Capital, LLC

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1732093. Source: https://holderbook.com/funds/1732093-southside-capital-llc/

- Reported value: $381.9M
- Positions: 70
- Weight of the ten largest: 36.1%
- Filed: 2020-02-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TCF FINANCIAL CORPORATION NE | [TCF](https://holderbook.com/stocks/TCF/) | $18.8M | 401,722 | 4.9% | 2 |
| SYNOVUS FINL CORP | [SNV](https://holderbook.com/stocks/SNV/) | $17.6M | 450,000 | 4.6% | 5 |
| CUSHMAN WAKEFIELD PLC | [CWK](https://holderbook.com/stocks/CWK/) | $16.4M | 800,000 | 4.3% | 5 |
| ISTAR INC | [STAR](https://holderbook.com/stocks/STAR/) | $14.9M | 1,025,300 | 3.9% | 4 |
| ATHENE HLDG LTD | [ATH](https://holderbook.com/stocks/ATH/) | $12.8M | 273,233 | 3.4% | 5 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $12.4M | 289,788 | 3.3% | 2 |
| DXC TECHNOLOGY CO | [DXC](https://holderbook.com/stocks/DXC/) | $12.0M | 320,000 | 3.1% | 3 |
| FS KKR CAPITAL CORP | [FSKXXXX](https://holderbook.com/stocks/FSKXXXX/) | $11.3M | 1,850,000 | 3.0% | 5 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $11.1M | 194,188 | 2.9% | 5 |
| SVB FINANCIAL GROUP | [SIVB](https://holderbook.com/stocks/SIVB/) | $10.5M | 42,000 | 2.8% | 5 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $10.3M | 8,967 | 2.7% | 3 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $9.8M | 141,400 | 2.6% | 2 |
| BREAD FINANCIAL HOLDINGS INC | [BFH](https://holderbook.com/stocks/BFH/) | $9.5M | 85,000 | 2.5% | 3 |
| APOLLO GLOBAL MGMT INC | [APOXXXX](https://holderbook.com/stocks/APOXXXX/) | $9.1M | 190,064 | 2.4% | 1 |
| ENSTAR GROUP LIMITED | [ESGR](https://holderbook.com/stocks/ESGR/) | $9.0M | 43,423 | 2.4% | 3 |
| WINTRUST FINL CORP | [WTFC](https://holderbook.com/stocks/WTFC/) | $8.9M | 125,000 | 2.3% | 5 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $8.3M | 60,000 | 2.2% | 2 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $8.1M | 70,000 | 2.1% | 2 |
| COREPOINT LODGING INC | [CPLG](https://holderbook.com/stocks/CPLG/) | $8.1M | 753,827 | 2.1% | 5 |
| EAST WEST BANCORP INC | [EWBC](https://holderbook.com/stocks/EWBC/) | $7.9M | 161,601 | 2.1% | 5 |
| REALPAGE INC | [RP](https://holderbook.com/stocks/RP/) | $7.8M | 145,000 | 2.0% | 5 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $7.7M | 215,514 | 2.0% | 5 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $7.7M | 342,839 | 2.0% | 4 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $7.7M | 300,000 | 2.0% | 3 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $7.1M | 138,712 | 1.9% | 1 |
| WILLIS TOWERS WATSON PLC LTD | [WTW](https://holderbook.com/stocks/WTW/) | $7.1M | 35,000 | 1.9% | 4 |
| ASSURANT INC | [AIZ](https://holderbook.com/stocks/AIZ/) | $6.8M | 52,100 | 1.8% | 5 |
| AXA EQUITABLE HLDGS INC | [EQHXXXX](https://holderbook.com/stocks/EQHXXXX/) | $6.7M | 270,000 | 1.8% | 1 |
| CADENCE BANCORPORATION | [CADE](https://holderbook.com/stocks/CADE/) | $6.4M | 350,569 | 1.7% | 5 |
| RE MAX HLDGS INC | [RMAX](https://holderbook.com/stocks/RMAX/) | $6.4M | 165,000 | 1.7% | 5 |
| AMERICAN FINANCIAL GROUP INC | [AFG](https://holderbook.com/stocks/AFG/) | $6.1M | 55,500 | 1.6% | 1 |
| CONNECTONE BANCORP INC | [CNOB](https://holderbook.com/stocks/CNOB/) | $6.0M | 234,187 | 1.6% | 5 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $5.9M | 55,000 | 1.6% | 1 |
| INNOVATIVE INDL PPTYS INC | [IIPR](https://holderbook.com/stocks/IIPR/) | $5.8M | 76,610 | 1.5% | 2 |
| NCR VOYIX CORPORATION | [VYX](https://holderbook.com/stocks/VYX/) | $5.2M | 148,600 | 1.4% | 5 |
| ZIONS BANCORPORATION NATL AS | [ZION](https://holderbook.com/stocks/ZION/) | $5.2M | 100,000 | 1.4% | 2 |
| MERCURY GENL CORP NEW | [MCY](https://holderbook.com/stocks/MCY/) | $5.1M | 105,234 | 1.3% | 1 |
| SELECTIVE INS GROUP INC | [SIGI](https://holderbook.com/stocks/SIGI/) | $4.4M | 68,000 | 1.2% | 2 |
| CANNAE HLDGS INC | [CNNE](https://holderbook.com/stocks/CNNE/) | $3.7M | 100,000 | 1.0% | 1 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $3.7M | 20,000 | 1.0% | 1 |
| BANKUNITED INC | [BKU](https://holderbook.com/stocks/BKU/) | $3.3M | 90,000 | 0.9% | 5 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $2.8M | 88,500 | 0.7% | 3 |
| EAGLE BANCORP MONT INC | [EBMT](https://holderbook.com/stocks/EBMT/) | $2.7M | 140,313 | 0.7% | 4 |
| I3 VERTICALS INC | [IIIV](https://holderbook.com/stocks/IIIV/) | $2.6M | 91,877 | 0.7% | 3 |
| MARCUS & MILLICHAP INC | [MMI](https://holderbook.com/stocks/MMI/) | $2.2M | 57,800 | 0.6% | 3 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $1.7M | 17,915 | 0.4% | 2 |
| BAYCOM CORP | [BCML](https://holderbook.com/stocks/BCML/) | $1.7M | 81,824 | 0.4% | 5 |
| CITIZENS CMNTY BANCORP INC M | [CZWI](https://holderbook.com/stocks/CZWI/) | $1.6M | 150,000 | 0.4% | 5 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $1.6M | 40,000 | 0.4% | 2 |
| REPAY HLDGS CORP | [RPAY](https://holderbook.com/stocks/RPAY/) | $1.5M | 100,000 | 0.4% | 2 |
| HEALTH INS INNOVATIONS INC | [HIIQ](https://holderbook.com/stocks/HIIQ/) | $1.2M | 59,673 | 0.3% | 4 |
| FIRST NATL CORP VA | [FXNC](https://holderbook.com/stocks/FXNC/) | $1.1M | 59,040 | 0.3% | 3 |
| MID PENN BANCORP INC | [MPB](https://holderbook.com/stocks/MPB/) | $959.0K | 37,363 | 0.3% | 5 |
| MACKINAC FINL CORP | [MFNC](https://holderbook.com/stocks/MFNC/) | $864.0K | 55,575 | 0.2% | 5 |
| LESAKA TECHNOLOGIES INC | [LSAK](https://holderbook.com/stocks/LSAK/) | $862.0K | 260,000 | 0.2% | 4 |
| RIVERVIEW FINL CORP NEW | [RIVE](https://holderbook.com/stocks/RIVE/) | $820.0K | 73,729 | 0.2% | 5 |
| PACIFIC MERCANTILE BANCORP | [PMBC](https://holderbook.com/stocks/PMBC/) | $812.0K | 112,228 | 0.2% | 5 |
| GREEN DOT CORP | [GDOT](https://holderbook.com/stocks/GDOT/) | $773.0K | 33,163 | 0.2% | 2 |
| MAINSTREET BANCSHARES INC | [MNSB](https://holderbook.com/stocks/MNSB/) | $755.0K | 32,821 | 0.2% | 3 |
| PRIORITY TECHNOLOGY HLDGS IN | [PRTH](https://holderbook.com/stocks/PRTH/) | $655.0K | 300,000 | 0.2% | 5 |
| PEOPLES BANCORP N C INC | [PEBK](https://holderbook.com/stocks/PEBK/) | $459.0K | 15,669 | 0.1% | 5 |
| SALISBURY BANCORP INC | [SAL](https://holderbook.com/stocks/SAL/) | $407.0K | 10,000 | 0.1% | 3 |
| PORTMAN RIDGE FIN CORP | [PTMN](https://holderbook.com/stocks/PTMN/) | $386.0K | 204,508 | 0.1% | 1 |
| CB FINL SVCS INC | [CBFV](https://holderbook.com/stocks/CBFV/) | $269.0K | 10,000 | 0.1% | 2 |
| MAGYAR BANCORP INC | [MGYR](https://holderbook.com/stocks/MGYR/) | $240.0K | 21,916 | 0.1% | 3 |
| QUINSTREET INC | [QNST](https://holderbook.com/stocks/QNST/) | $205.0K | 13,391 | 0.1% | 1 |
| SB FINL GROUP INC | [SBFG](https://holderbook.com/stocks/SBFG/) | $126.0K | 7,168 | 0.0% | 1 |
| OLD POINT FINL CORP | [OPOF](https://holderbook.com/stocks/OPOF/) | $119.0K | 4,856 | 0.0% | 3 |
| FIRST INTERNET BANCORP | [INBK](https://holderbook.com/stocks/INBK/) | $82.0K | 3,896 | 0.0% | 5 |
| MEDLEY MGMT INC | [MDLY](https://holderbook.com/stocks/MDLY/) | $24.0K | 9,066 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2019 | +9.1% | +8.5% | +0.6% | 100% |
| Q3 2019 | -1.3% | +1.3% | -2.6% | 94% |
| Q2 2019 | +10.4% | +3.7% | +6.6% | 100% |
| Q1 2019 | +13.8% | +13.0% | +0.8% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $381.9M | 70 |
| Q3 2019 | $368.0M | 72 |
| Q2 2019 | $342.2M | 64 |
| Q1 2019 | $244.4M | 59 |
| Q4 2018 | $161.4M | 49 |