First Seacoast Bancorp
FSEA on Nasdaq. Market value $81m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
None of the long-term investors we follow own it. 26 funds in all.
Sold out this quarter
Largest holders overall
- Alliancebernstein L.P.$6m
- Vanguard Capital Management$3m
- Yakira Capital Management$1mNew
- Gabelli Funds$1mNew
- GABELLI & Co INVESTMENT ADVISERS$1mNew
- Flywheel Private Wealth$844,484
- RBF Capital$658,366
- Renaissance Technologies$622,674Added
- Geode Capital Management$612,088Added
- Stifel Financial$438,360New
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- First Seacoast Bank Employee Stock Ownership Plan TrustPassive investor8.8%+0.1 ptsSince 31 December 2025
- DAB Financial LLCPassive investorat least 8.2%+2.4 pts(filed with 3 related holders)Since 21 May 2025
What they said
The Reporting Persons acquired the Common Stock to which this Schedule 13D relates in the ordinary course of business for investment purposes because they believe that the Common Stock is undervalued and represents an attractive investment opportunity. The Reporting Persons…
Read the filing - Spence Limited, LPPassive investorSold down below 5%Since 30 June 2026
- M3 Funds, LLCPassive investorSold down below 5%Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
First Seacoast Bank Employee Stock Ownership Plan Trust Passive investor | 8.8%+0.1 pts | 31 December 2025 | |
DAB Financial LLC Passive investor | at least 8.2%+2.4 pts (filed with 3 related holders) | 21 May 2025 | What they saidThe Reporting Persons acquired the Common Stock to which this Schedule 13D relates in the ordinary course of business for investment purposes because they believe that the Common Stock is undervalued and represents an attractive investment opportunity. The Reporting Persons… Read the filing |
Spence Limited, LP Passive investor | Sold down below 5% | 30 June 2026 | |
M3 Funds, LLC Passive investor | Sold down below 5% | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $28,398 of shares on the open market. 1 sold $20,260.
- Donovan Richard MPresident and CFOBought
- Date
- 9 December 2025
- Shares
- 2,322
- Price
- $12.23
- Value
- $28,398
- Jean Thomas J.DirectorSold
- Date
- 18 November 2025
- Shares
- 1,750
- Price
- $11.58
- Value
- $20,260
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 9 December 2025 | Donovan Richard M President and CFO | Bought | 2,322 | $12.23 | $28,398 |
| 18 November 2025 | Jean Thomas J. Director | Sold | 1,750 | $11.58 | $20,260 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Mar 2026, plus the 10-Q filed 7 Aug 2026 and 3 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.