FJ Capital Management LLC — 13F Holdings & Portfolio
CIK 1599170 · latest 13F-HR filed 2026-05-15
FJ Capital Management LLC manages $888.1M in 13F-reported U.S. long-equity assets across 126 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SSB (8.11%), HTB (7.46%), NIC (5.13%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 50 new positions, exited 52, added to 34, and trimmed 32.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$888.1M
Long-equity book
126
Distinct positions
2026-03-31
Filed 2026-05-15
+50 / −52 / ↑34 / ↓32
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- NICOLET BANKSHARES$43.1M +1738.2%
- EASTERN BANKSHARES$17.0M +99.5%
- TOWNEBANK$12.8M +209.3%
- CALIFORNIA BANCORP$12.7M +53.3%
- CVB FINL$11.4M +222.6%
Top Trims
- SEACOAST BANKING OF FLORIDA-$15.3M -35.9%
- U S BANCORP-$14.8M -74.4%
- EQUITY BANCSHARES CL A-$13.8M -25.3%
- QCR HLDGS-$8.3M -74.8%
- HOMETRUST BANCSHARES-$6.4M -8.8%
New Positions
- HUNTINGTON BANCSHARES$17.5M
- BANKUNITED$17.2M
- NORTHERN TR$11.0M
- AMERIS BANCORP$10.5M
- BANK OF AMERICA$9.2M
Exited Positions
- WESTERN ALLIANCE BANCORP$36.4M
- MIDWESTONE FINL GROUP INC NE$30.7M
- WEBSTER FINL CORP$24.2M
- ZIONS BANCORPORATION N A$14.0M
- STIFEL FINL CORP$7.3M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SOUTHSTATE BANK | SSB | 84472E102 | $72.0M | 8.11% | 778,627 | SH |
| 2 | HOMETRUST BANCSHARES | HTB | 437872104 | $66.3M | 7.46% | 1,554,425 | SH |
| 3 | NICOLET BANKSHARES | NIC | 65406E102 | $45.5M | 5.13% | 306,381 | SH |
| 4 | SOUTHERN FIRST BANCSHARES | SFST | 842873101 | $44.0M | 4.95% | 807,223 | SH |
| 5 | EQUITY BANCSHARES CL A | EQBK | 29460X109 | $40.9M | 4.61% | 921,074 | SH |
| 6 | CALIFORNIA BANCORP | BCAL | 84252A106 | $36.4M | 4.10% | 2,054,534 | SH |
| 7 | EASTERN BANKSHARES | EBC | 27627N105 | $34.1M | 3.84% | 1,741,864 | SH |
| 8 | RBB BANCORP | RBB | 74930B105 | $32.3M | 3.64% | 1,511,408 | SH |
| 9 | OLD SECOND BANCORP | OSBC | 680277100 | $30.3M | 3.42% | 1,505,102 | SH |
| 10 | FIRST MERCHANTS | FRME | 320817109 | $27.6M | 3.10% | 711,425 | SH |
| 11 | SEACOAST BANKING OF FLORIDA | SBCF | 811707801 | $27.4M | 3.09% | 906,053 | SH |
| 12 | HORIZON BANCORP | HBNC | 440407104 | $21.4M | 2.41% | 1,291,208 | SH |
| 13 | TOWNEBANK | TOWN | 89214P109 | $18.8M | 2.12% | 559,772 | SH |
| 14 | HUNTINGTON BANCSHARES | HBAN | 446150104 | $17.5M | 1.97% | 1,116,816 | SH |
| 15 | BANKUNITED | BKU | 06652K103 | $17.2M | 1.94% | 380,554 | SH |
| 16 | CVB FINL | CVBF | 126600105 | $16.5M | 1.86% | 851,426 | SH |
| 17 | OLD NATIONAL BANCORP | ONB | 680033107 | $15.8M | 1.78% | 717,018 | SH |
| 18 | SOUTHERN MISSOURI BANCORP | SMBC | 843380106 | $12.9M | 1.46% | 202,427 | SH |
| 19 | INDEPENDENT BANK GROUP MA | INDB | 453836108 | $12.5M | 1.40% | 165,653 | SH |
| 20 | NORTHERN TR | NTRS | 665859104 | $11.0M | 1.24% | 79,026 | SH |
| 21 | AMERIS BANCORP | ABCB | 03076K108 | $10.5M | 1.18% | 134,868 | SH |
| 22 | CHAIN BRIDGE BANCORP CL A | CBNA | 15746L100 | $10.3M | 1.15% | 293,788 | SH |
| 23 | EXZEO GROUP | XZO | 30234F101 | $10.0M | 1.13% | 682,440 | SH |
| 24 | AVIDIA BANCORP | AVBC | 05369T100 | $9.8M | 1.10% | 497,258 | SH |
| 25 | JONES LANG LASALLE | JLL | 48020Q107 | $9.7M | 1.09% | 31,881 | SH |
| 26 | BANK OF AMERICA | BAC | 060505104 | $9.2M | 1.04% | 189,376 | SH |
| 27 | MORGAN STANLEY | MS | 617446448 | $9.2M | 1.04% | 56,089 | SH |
| 28 | WESBANCO | WSBC | 950810101 | $8.4M | 0.95% | 243,843 | SH |
| 29 | JOHN MARSHALL BANCORP | JMSB | 47805L101 | $8.4M | 0.94% | 412,273 | SH |
| 30 | CITIZENS FINL GROUP | CFG | 174610105 | $7.6M | 0.85% | 125,939 | SH |
| 31 | INDEPENDENT BANK MICH | IBCP | 453838609 | $6.8M | 0.76% | 203,607 | SH |
| 32 | HAWTHORN BANCSHARES | HWBK | 420476103 | $6.4M | 0.72% | 190,710 | SH |
| 33 | STOCK YARDS BANCORP | SYBT | 861025104 | $6.2M | 0.69% | 92,849 | SH |
| 34 | SERVISFIRST BANCSHARES | SFBS | 81768T108 | $5.8M | 0.66% | 79,906 | SH |
| 35 | CHARLES SCHWAB | SCHW | 808513105 | $5.8M | 0.65% | 61,883 | SH |
| 36 | HCI GROUP | HCI | 40416E103 | $5.8M | 0.65% | 37,287 | SH |
| 37 | VIRTU FINL CL A | VIRT | 928254101 | $5.5M | 0.62% | 125,790 | SH |
| 38 | PALOMAR HLDGS | PLMR | 69753M105 | $5.4M | 0.61% | 45,433 | SH |
| 39 | AMERANT BANCORP CL A | AMTB | 023576101 | $5.4M | 0.61% | 245,913 | SH |
| 40 | CNO FINL GROUP | CNO | 12621E103 | $5.4M | 0.61% | 131,679 | SH |
| 41 | U S BANCORP | USB | 902973304 | $5.1M | 0.57% | 98,115 | SH |
| 42 | UMB FINL | UMBF | 902788108 | $4.9M | 0.56% | 43,740 | SH |
| 43 | ESSENT GROUP | ESNT | G3198U102 | $4.4M | 0.49% | 75,024 | SH |
| 44 | PULTEGROUP | PHM | 745867101 | $4.2M | 0.47% | 35,719 | SH |
| 45 | SKYWARD SPECIALTY INSURANCE GROUP | SKWD | 830940102 | $4.1M | 0.46% | 94,379 | SH |
| 46 | HERCULES CAPITAL | HTGC | 427096508 | $4.1M | 0.46% | 277,666 | SH |
| 47 | ONEMAIN HLDGS | OMF | 68268W103 | $4.1M | 0.46% | 75,795 | SH |
| 48 | HANOVER INSURANCE GROUP | THG | 410867105 | $3.9M | 0.44% | 22,535 | SH |
| 49 | WELLTOWER | WELL | 95040Q104 | $3.8M | 0.43% | 19,277 | SH |
| 50 | HOYNE BANCORP | HYNE | 44326H107 | $3.8M | 0.43% | 261,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $888.1M | 126 | 0001420506-26-001153 |
| 2025-12-31 | 2026-02-13 | $905.8M | 128 | 0001420506-26-000417 |
| 2025-09-30 | 2025-11-14 | $936.6M | 142 | 0001420506-25-003437 |