FJ Capital Management LLC 13F holdings
FJ Capital Management LLC reported 120 positions with a total reported value of $770.4M as of 2026-06-30, in its 13F for Q2 2026, filed 2026-08-14. Top holdings by reported value: SFST SOUTHERN FIRST BANCSHARES (7.1%), EQBK EQUITY BANCSHARES (6.1%), NIC NICOLET BANKSHARES (6.0%), SSB SOUTHSTATE BANK (5.7%), CALIFORNIA BANCORP (5.6%). Against 2026-03-31 it opened 52 new positions and exited 58. Next 13F due by 2026-11-14, the legal deadline 45 days after the quarter ending 2026-09-30.
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Top holdings
25 largest of 120 positions · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| SFST SOUTHERN FIRST BANCSHARES | 892,223 | $54.5M | 7.1% |
| EQBK EQUITY BANCSHARES | 961,492 | $47.1M | 6.1% |
| NIC NICOLET BANKSHARES | 277,243 | $45.9M | 6.0% |
| SSB SOUTHSTATE BANK | 438,973 | $43.9M | 5.7% |
| CALIFORNIA BANCORP | 2,054,534 | $42.8M | 5.6% |
| HTB HOMETRUST BANCSHARES | 839,115 | $41.9M | 5.4% |
| TOWNEBANK | 1,008,071 | $36.5M | 4.7% |
| OSBC OLD SECOND BANCORP INC DEL | 1,460,413 | $34.1M | 4.4% |
| SEACOAST BANKING OF FLORIDA | 1,006,363 | $33.5M | 4.3% |
| FRME FIRST MERCHANTS | 711,425 | $31.1M | 4.0% |
| CVB FINL CORP | 1,295,322 | $29.2M | 3.8% |
| BOH BANK OF HAWAII CORP | 312,693 | $25.5M | 3.3% |
| HBNC HORIZON BANCORP | 1,246,550 | $24.9M | 3.2% |
| HBAN HUNTINGTON BANCSHARES | 1,364,029 | $24.2M | 3.1% |
| TRUIST FINL CORP | 446,477 | $22.2M | 2.9% |
| UMB FINL | 127,486 | $18.2M | 2.4% |
| CBNA CHAIN BRIDGE BANCORP | 293,788 | $12.4M | 1.6% |
| AVBC AVIDIA BANCORP INC | 497,258 | $10.4M | 1.4% |
| LPL FINL HLDGS INC | 29,967 | $8.4M | 1.1% |
| NLY ANNALY CAPITAL MGMT | 376,036 | $8.2M | 1.1% |
| HWBK HAWTHORN BANCSHARES | 190,710 | $7.5M | 1.0% |
| INDEPENDENT BANK MICH | 203,607 | $7.3M | 1.0% |
| WFC WELLS FARGO & CO | 80,810 | $6.7M | 0.9% |
| AHR AMERICAN HEALTHCARE REIT | 127,389 | $6.6M | 0.9% |
| FIRST AMERICAN FINL CORP | 91,643 | $6.3M | 0.8% |
SEC FORM 13F · Q2 2026 · VALUES AS REPORTED, NOT PRICES
New positions this quarter
Held at 2026-06-30, not at 2026-03-31 · 52 in all · reported value as of 2026-06-30
| Holding | Shares | Reported value | % of portfolio |
|---|---|---|---|
| CVB FINL CORP | 1,295,322 | $29.2M | 3.8% |
| BOH BANK OF HAWAII CORP | 312,693 | $25.5M | 3.3% |
| TRUIST FINL CORP | 446,477 | $22.2M | 2.9% |
| LPL FINL HLDGS INC | 29,967 | $8.4M | 1.1% |
| WFC WELLS FARGO & CO | 80,810 | $6.7M | 0.9% |
| FIRST AMERICAN FINL CORP | 91,643 | $6.3M | 0.8% |
| SKY CHAMPION HOMES INC | 50,348 | $4.4M | 0.6% |
| MIAMI INTL HLDGS INC | 119,299 | $4.4M | 0.6% |
| MKTX MARKETAXESS HLDGS INC | 37,237 | $4.2M | 0.5% |
| CME CME GROUP INC | 17,754 | $3.9M | 0.5% |
| ETOR ETORO GROUP LTD | 73,077 | $2.9M | 0.4% |
| AJG ARTHUR J GALLAGHER & CO | 11,571 | $2.7M | 0.3% |
| UDR UDR INC | 59,259 | $2.4M | 0.3% |
| HLI HOULIHAN LOKEY | 17,497 | $2.3M | 0.3% |
| BRIXMOR PPTY GROUP INC | 71,166 | $2.2M | 0.3% |
| TRTX TPG RE FINANCE TR INC | 249,738 | $2.1M | 0.3% |
| ALLY FINL INC | 42,195 | $1.9M | 0.3% |
| EASTGROUP PPTYS INC | 9,402 | $1.9M | 0.2% |
| RWT REDWOOD TR | 304,416 | $1.4M | 0.2% |
| XYZ BLOCK INC | 16,318 | $1.2M | 0.2% |
| PDM PIEDMONT RLTY TR INC | 100,262 | $917.4K | 0.1% |
| DRH DIAMONDROCK HOSPITALITY CO | 69,618 | $847.9K | 0.1% |
| AFRM AFFIRM HLDGS INC | 10,378 | $846.3K | 0.1% |
| ROCKET COS INC | 49,765 | $783.8K | 0.1% |
| SLIDE INSURANCE HLDGS INC | 39,757 | $770.1K | <0.1% |
Sold out
Held at 2026-03-31, gone by 2026-06-30 · 58 in all · reported value as of 2026-03-31
| Holding | Shares 2026-03-31 | Reported value | % of portfolio then |
|---|---|---|---|
| EBC EASTERN BANKSHARES | 1,741,864 | $34.1M | 3.8% |
| RBB RBB BANCORP | 1,511,408 | $32.3M | 3.6% |
| BKU BANKUNITED | 380,554 | $17.2M | 1.9% |
| CVB FINL | 851,426 | $16.5M | 1.9% |
| ONB OLD NATIONAL BANCORP | 717,018 | $15.8M | 1.8% |
| SMBC SOUTHERN MISSOURI BANCORP | 202,427 | $12.9M | 1.5% |
| INDEPENDENT BANK GROUP MA | 165,653 | $12.5M | 1.4% |
| NTRS NORTHERN TR | 79,026 | $11.0M | 1.2% |
| BAC BANK OF AMERICA | 189,376 | $9.2M | 1.0% |
| MS MORGAN STANLEY | 56,089 | $9.2M | 1.0% |
| WSBC WESBANCO | 243,843 | $8.4M | 0.9% |
| JMSB JOHN MARSHALL BANCORP | 412,273 | $8.4M | 0.9% |
| CITIZENS FINL GROUP | 125,939 | $7.6M | 0.9% |
| SFBS SERVISFIRST BANCSHARES | 79,906 | $5.8M | 0.7% |
| SCHW CHARLES SCHWAB | 61,883 | $5.8M | 0.7% |
| VIRTU FINL CL A | 125,790 | $5.5M | 0.6% |
| PLMR PALOMAR HLDGS | 45,433 | $5.4M | 0.6% |
| AMTB AMERANT BANCORP CL A | 245,913 | $5.4M | 0.6% |
| USB U S BANCORP | 98,115 | $5.1M | 0.6% |
| ESNT ESSENT GROUP | 75,024 | $4.4M | 0.5% |
| PHM PULTEGROUP | 35,719 | $4.2M | 0.5% |
| OMF ONEMAIN HLDGS | 75,795 | $4.1M | 0.5% |
| DIGITAL RLTY TR | 20,829 | $3.8M | 0.4% |
| NDAQ NASDAQ | 42,372 | $3.6M | 0.4% |
| EQIX EQUINIX | 3,563 | $3.5M | 0.4% |
Biggest increases and decreases
Positions held at both quarter ends, by change in shares · reported value as of 2026-06-30
Increases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| TOWNEBANK | 559,772 | 1,008,071 | +80.1% | $36.5M |
| UMB FINL | 43,740 | 127,486 | +191.5% | $18.2M |
| SFST SOUTHERN FIRST BANCSHARES | 807,223 | 892,223 | +10.5% | $54.5M |
| NLY ANNALY CAPITAL MGMT | 165,250 | 376,036 | +127.6% | $8.2M |
| HBAN HUNTINGTON BANCSHARES | 1,116,816 | 1,364,029 | +22.1% | $24.2M |
| FCFS FIRSTCASH HLDGS | 5,491 | 22,683 | +313.1% | $4.9M |
| AHR AMERICAN HEALTHCARE REIT | 58,592 | 127,389 | +117.4% | $6.6M |
| SEACOAST BANKING OF FLORIDA | 906,053 | 1,006,363 | +11.1% | $33.5M |
| EQBK EQUITY BANCSHARES | 921,074 | 961,492 | +4.4% | $47.1M |
| FHI FEDERATED HERMES | 10,359 | 37,556 | +262.5% | $2.1M |
| REINSURANCE GROUP OF AMERICA | 9,722 | 16,077 | +65.4% | $3.4M |
| TOL TOLL BROTHERS | 11,874 | 19,047 | +60.4% | $3.1M |
Decreases
| Holding | Shares 2026-03-31 | Shares 2026-06-30 | Change | Reported value |
|---|---|---|---|---|
| HTB HOMETRUST BANCSHARES | 1,554,425 | 839,115 | -46.0% | $41.9M |
| SSB SOUTHSTATE BANK | 778,627 | 438,973 | -43.6% | $43.9M |
| ABCB AMERIS BANCORP | 134,868 | 26,377 | -80.4% | $2.4M |
| XZO EXZEO GROUP | 682,440 | 223,788 | -67.2% | $3.8M |
| HCI HCI GROUP | 37,287 | 7,787 | -79.1% | $1.4M |
| NIC NICOLET BANKSHARES | 306,381 | 277,243 | -9.5% | $45.9M |
| JLL JONES LANG LASALLE | 31,881 | 18,851 | -40.9% | $5.8M |
| THG HANOVER INSURANCE GROUP | 22,535 | 3,957 | -82.4% | $847.3K |
| SKWD SKYWARD SPECIALTY INSURANCE GROUP | 94,379 | 36,966 | -60.8% | $2.2M |
| CNO FINL GROUP | 131,679 | 82,078 | -37.7% | $4.2M |
| FRANKLIN RES | 85,724 | 33,415 | -61.0% | $1.1M |
| DAVE DAVE INC | 8,280 | 3,900 | -52.9% | $1.5M |
CIK 1599170 · 13F FILINGS ON EDGAR · INFORMATIONAL ONLY
