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FJ Capital Management LLC

Diversified strategySector-focusedMomentum follower

Total reported value

$888.1M

Reporting period: 2026-03-31 · Number of holdings: 126

FJ Capital Management LLC disclosed 126 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $888.1M and a quarterly turnover rate of 69.0%.

Personality snowflake

Concentration
12.79
Portfolio Stability
69.03
Momentum/Contrarian
100
Sector conviction
100
Diversification
100
Sizing Uniformity
82.53

Recent moves

  • Add NIC

    +1400.3%　$43.1M

  • Add EBC

    +87.9%　$17.0M

  • Trim SBCF

    -33.5%　-$15.3M

  • Trim USB

    -73.7%　-$14.8M

  • Add BCAL

    +61.6%　$12.7M

  • Add TOWN

    +206.6%　$12.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1SSBSouthstate Bank CORPStock-Financials8.11%-0.34%-4.23%
2HTBHometrust Bancshares INCStock-Other7.46%-0.57%-8.22%
3NICNicolet Bankshares INCStock-Other5.13%+4.86%+1400.32%
4SFSTSouthern First BancsharesStock-Other4.95%——
5EQBKEquity Bancshares INC - Cl AStock-Other4.61%-1.43%-24.85%
6BCALCalifornia BancorpStock-Other4.10%+1.48%+61.57%
7EBCEastern Bankshares INCStock-Other3.84%+1.95%+87.94%
8RBBRbb BancorpStock-Other3.64%——
9OSBCOld Second Bancorp INCStock-Other3.42%-0.52%-17.74%
10FRMEFirst Merchants CORPStock-Other3.10%+0.48%+12.27%
11SBCFSeacoast Banking Corp/flStock-Other3.09%-1.63%-33.46%
12HBNCHorizon Bancorp Inc/inStock-Other2.41%—+19.13%
13TOWNTowne BankStock-Other2.12%+1.45%+206.58%
14HBANHuntington Bancshares INCStock-Financials1.97%+1.97%NEW
15BKUBankunited INCStock-Other1.94%+1.94%NEW
16CVBFCvb Financial CORPStock-Other1.86%+1.30%+209.46%
17ONBOld National BancorpStock-Financials1.78%——
18SMBCSouthern Missouri BancorpStock-Other1.46%-0.50%-32.74%
19INDBIndependent Bank Corp/maStock-Other1.40%-0.46%-28.14%
20NTRSNorthern Trust CORPStock-Financials1.24%+1.24%NEW
21ABCBAmeris BancorpStock-Financials1.18%+1.18%NEW
22CBNAChain Bridge Bancorp Inc-aStock-Other1.15%——
23XZOExzeo Group INCStock-Other1.13%+0.49%+186.91%
24AVBCAvidia Bancorp INCStock-Other1.10%——
25JLLJones Lang Lasalle INCStock-Real Estate1.09%+0.65%+170.77%
26BACBank Of America CORPStock-Financials1.04%+1.04%NEW
27MSMorgan StanleyStock-Financials1.04%-0.43%-24.97%
28WSBCWesbanco INCStock-Other0.95%—-29.76%
29JMSBJohn Marshall Bancorp INCStock-Other0.94%—-0.16%
30CFGCitizens Financial GroupStock-Financials0.85%+0.85%NEW
31IBCPIndependent Bank CORP - MichStock-Other0.76%-0.62%-47.13%
32HWBKHawthorn Bancshares INCStock-Other0.72%——
33SYBTStock Yards Bancorp INCStock-Other0.69%+0.64%+1361.96%
34SFBSServisfirst Bancshares INCStock-Financials0.66%+0.66%NEW
35SCHWSchwab (charles) CORPStock-Financials0.65%+0.65%NEW
36HCIHci Group INCStock-Other0.65%—+96.05%
37VIRTVirtu Financial Inc-class AStock-Financials0.62%+0.62%NEW
38PLMRPalomar Holdings INCStock-Financials0.61%+0.55%+1075.80%
39AMTBAmerant Bancorp INCStock-Other0.61%+0.61%NEW
40CNOCno Financial Group INCStock-Financials0.61%+0.43%+237.09%
41USBUS BancorpStock-Financials0.57%-1.63%-73.73%
42UMBFUmb Financial CORPStock-Financials0.56%—+64.75%
43ESNTEssent Group Ltd.Stock-Financials0.49%+0.49%NEW
44PHMPultegroup INCStock-Consumer Disc0.47%—+14.94%
45SKWDSkyward Specialty InsuranceStock-Other0.46%—-34.79%
46HTGCHercules Capital INCStock-Financials0.46%—+63.35%
47OMFOnemain Holdings INCStock-Financials0.46%+0.46%NEW
48THGHanover Insurance Group Inc/Stock-Financials0.44%—-39.79%
49WELLWelltower INCStock-Real Estate0.43%—-8.10%
50HYNEHoyne Bancorp INCStock-Other0.43%——
1–50 of 126

Holding changes this quarter

FJ Capital Management LLC's most significant position changes for 2026-03-31: Sold out: Western Alliance Bancorp (WAL); Sold out: Midwestone Financial Group I (MOFG); Sold out: Webster Financial CORP (WBS); New buy: Huntington Bancshares INC (HBAN); New buy: Bankunited INC (BKU).

Position changes disclosed by FJ Capital Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1NICNicolet Bankshares INC+4.9%+1400.32%Add
2EBCEastern Bankshares INC+2%+87.94%Add
3BCALCalifornia Bancorp+1.5%+61.57%Add
4TOWNTowne Bank+1.5%+206.58%Add
5CVBFCvb Financial CORP+1.3%+209.46%Add
6JLLJones Lang Lasalle INC+0.7%+170.77%Add
7SYBTStock Yards Bancorp INC+0.6%+1361.96%Add
8PLMRPalomar Holdings INC+0.6%+1075.80%Add
9XZOExzeo Group INC+0.5%+186.91%Add
10FRMEFirst Merchants CORP+0.5%+12.27%Add
11CNOCno Financial Group INC+0.4%+237.09%Add
12SSBSouthstate Bank CORP-0.3%-4.23%Trim
13MSMorgan Stanley-0.4%-24.97%Trim
14INDBIndependent Bank Corp/ma-0.5%-28.14%Trim
15RPCRidgepost Capital Inc-a-0.5%-97.57%Trim
16SMBCSouthern Missouri Bancorp-0.5%-32.74%Trim
17OSBCOld Second Bancorp INC-0.5%-17.74%Trim
18HTBHometrust Bancshares INC-0.6%-8.22%Trim
19IBCPIndependent Bank CORP - Mich-0.6%-47.13%Trim
20QCRHQcr Holdings INC-0.9%-75.47%Trim
21EQBKEquity Bancshares INC - Cl A-1.4%-24.85%Trim
22SBCFSeacoast Banking Corp/fl-1.6%-33.46%Trim
23USBUS Bancorp-1.6%-73.73%Trim
24WALWestern Alliance Bancorp—EXITSold out
25MOFGMidwestone Financial Group I—EXITSold out
26WBSWebster Financial CORP—EXITSold out
27HBANHuntington Bancshares INC—NEWNew buy
28BKUBankunited INC—NEWNew buy
29ZIONZions Bancorp NA—EXITSold out
30NTRSNorthern Trust CORP—NEWNew buy
31ABCBAmeris Bancorp—NEWNew buy
32BACBank Of America CORP—NEWNew buy
33CFGCitizens Financial Group—NEWNew buy
34SFStifel Financial CORP—EXITSold out
35NMRKNewmark Group Inc-class A—EXITSold out
36SFBSServisfirst Bancshares INC—NEWNew buy
37SCHWSchwab (charles) CORP—NEWNew buy
38VIRTVirtu Financial Inc-class A—NEWNew buy
39AMTBAmerant Bancorp INC—NEWNew buy
40CINFCincinnati Financial CORP—EXITSold out
41CMECme Group INC—EXITSold out
42LNKBLinkbancorp INC—EXITSold out
43ESNTEssent Group Ltd.—NEWNew buy
44TCBKTrico Bancshares—EXITSold out
45GABCGerman American Bancorp—EXITSold out
46WLTHWealthfront CORP—EXITSold out
47LXPLxp Industrial Trust—EXITSold out
48OMFOnemain Holdings INC—NEWNew buy
49PFSIPennymac Financial Services—EXITSold out
50ETOReToro Group Ltd.—EXITSold out

FAQ

What is FJ Capital Management LLC and what type of investor is it?
FJ Capital Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $888.1M, spread across 126 disclosed positions.
What are FJ Capital Management LLC's largest equity positions?
Based on the latest 13F filing, FJ Capital Management LLC's top holdings by market value are: 1. Southstate Bank CORP (SSB) — $72.0M (8.1%) 2. Hometrust Bancshares INC (HTB) — $66.3M (7.5%) 3. Nicolet Bankshares INC (NIC) — $45.5M (5.1%) 4. Southern First Bancshares (SFST) — $44.0M (5.0%) 5. Equity Bancshares INC - Cl A (EQBK) — $40.9M (4.6%)
What changes did FJ Capital Management LLC make in its most recent portfolio filing?
In the latest reported quarter, FJ Capital Management LLC made 50 notable position adjustments: 12 new positions were initiated, 11 existing holdings were added to, 12 positions were partially reduced, and 15 were completely exited. The largest of these moves: Sold out: Western Alliance Bancorp (WAL); Sold out: Midwestone Financial Group I (MOFG); Sold out: Webster Financial CORP (WBS); New buy: Huntington Bancshares INC (HBAN); New buy: Bankunited INC (BKU)
What sectors does FJ Capital Management LLC focus on?
FJ Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 82.4% • Real Estate: 14.9% • Consumer Discretionary: 2.0% • Health Care: 0.3% • Industrials: 0.2% • Information Technology: 0.2%