FJ Capital Management LLC
13F Reported Value
ⓘ$888.1M
Holdings
126
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
FJ Capital Management LLC disclosed 126 positions worth $888.1M in its Form 13F-HR for Q1 2026, led by $SSB (SouthState Bank Corp) at 8.1% of the equity portfolio, followed by $HTB and $NIC. During the quarter the fund opened 50 new positions and exited 52 — including a new stake in $HBAN and a full exit from $WAL. The portfolio is most concentrated in Financials (88.3% of disclosed assets). All figures are sourced directly from FJ Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 1599170.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$72.0M778,627 sh - —
Quality
$66.3M1,554,425 sh - —
Quality
$45.5M306,381 sh - 61.8
Quality
$44.0M807,223 sh - —
Quality
$40.9M921,074 sh - —
Quality
$36.4M2,054,534 sh - 62.3
Quality
$34.1M1,741,864 sh - 56.0
Quality
$32.3M1,511,408 sh - —
Quality
$30.3M1,505,102 sh - —
Quality
$27.6M711,425 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 SouthState Bank Corp$SSB | — | $72.0M | 778,627 |
 HomeTrust Bancshares, Inc.$HTB | — | $66.3M | 1,554,425 |
 NICOLET BANKSHARES INC$NIC | — | $45.5M | 306,381 |
 SOUTHERN FIRST BANCSHARES INC$SFST | 61.8 | $44.0M | 807,223 |
 EQUITY BANCSHARES INC$EQBK | — | $40.9M | 921,074 |
 California BanCorp \ CA$BCAL | — | $36.4M | 2,054,534 |
 Eastern Bankshares, Inc.$EBC | 62.3 | $34.1M | 1,741,864 |
 RBB Bancorp$RBB | 56.0 | $32.3M | 1,511,408 |
 OLD SECOND BANCORP INC$OSBC | — | $30.3M | 1,505,102 |
 FIRST MERCHANTS CORP$FRME | — | $27.6M | 711,425 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of FJ Capital Management LLC's 126 positions.
Showing top 10 of 126 holdings.
Sector Allocation
Financials
$784.2M
Real Estate
$54.9M
Other
$28.6M
Technology
$10.5M
Industrials
$7.0M
Consumer Discretionary
$1.5M
Healthcare
$1.5M
Full Holdings — FJ Capital Management LLC (Q1 2026)
All 126 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $SSB | SouthState Bank Corp | $72.0M | 8.1% | -4% | — |
| 2 | $HTB | HomeTrust Bancshares, Inc. | $66.3M | 7.5% | -8% | — |
| 3 | $NIC | NICOLET BANKSHARES INC | $45.5M | 5.1% | +1400% | — |
| 4 | $SFST | SOUTHERN FIRST BANCSHARES INC | $44.0M | 5.0% | +0% | 61.8 |
| 5 | $EQBK | EQUITY BANCSHARES INC | $40.9M | 4.6% | -25% | — |
| 6 | $BCAL | California BanCorp \ CA | $36.4M | 4.1% | +62% | — |
| 7 | $EBC | Eastern Bankshares, Inc. | $34.1M | 3.8% | +88% | 62.3 |
| 8 | $RBB | RBB Bancorp | $32.3M | 3.6% | +0% | 56 |
| 9 | $OSBC | OLD SECOND BANCORP INC | $30.3M | 3.4% | -18% | — |
| 10 | $FRME | FIRST MERCHANTS CORP | $27.6M | 3.1% | +12% | — |
| 11 |  $SBCF | SEACOAST BANKING CORP OF FLORIDA | $27.4M | 3.1% | -33% | — |
| 12 |  $HBNC | HORIZON BANCORP INC /IN/ | $21.4M | 2.4% | +19% | — |
| 13 | — | TOWNEBANK | $18.8M | 2.1% | +207% | — |
| 14 |  $HBAN | HUNTINGTON BANCSHARES INC /MD/ | $17.5M | 2.0% | NEW | 69.4 |
| 15 |  $BKU | BankUnited, Inc. | $17.2M | 1.9% | NEW | 54 |
| 16 |  $CVBF | CVB FINANCIAL CORP | $16.5M | 1.9% | +209% | — |
| 17 |  $ONB | OLD NATIONAL BANCORP /IN/ | $15.8M | 1.8% | +0% | — |
| 18 |  $SMBC | SOUTHERN MISSOURI BANCORP, INC. | $12.9M | 1.5% | -33% | — |
| 19 |  $INDB | INDEPENDENT BANK CORP | $12.5M | 1.4% | -28% | — |
| 20 |  $NTRS | NORTHERN TRUST CORP | $11.0M | 1.2% | NEW | 71.8 |
| 21 |  $ABCB | Ameris Bancorp | $10.5M | 1.2% | NEW | — |
| 22 |  $CBNA | CHAIN BRIDGE BANCORP INC | $10.3M | 1.1% | +0% | — |
| 23 |  $XZO | Exzeo Group, Inc. | $10.0M | 1.1% | +187% | — |
| 24 |  $AVBC | Avidia Bancorp, Inc. | $9.8M | 1.1% | +0% | — |
| 25 |  $JLL | JONES LANG LASALLE INC | $9.7M | 1.1% | +171% | 59.8 |
| 26 |  $BAC | BANK OF AMERICA CORP /DE/ | $9.2M | 1.0% | NEW | 68.4 |
| 27 |  $MS | MORGAN STANLEY | $9.2M | 1.0% | -25% | — |
| 28 |  $WSBC | WESBANCO INC | $8.4M | 0.9% | -30% | — |
| 29 |  $JMSB | John Marshall Bancorp, Inc. | $8.4M | 0.9% | -0% | — |
| 30 |  $CFG | CITIZENS FINANCIAL GROUP INC/RI | $7.6M | 0.8% | NEW | 68.8 |
| 31 |  $IBCP | INDEPENDENT BANK CORP /MI/ | $6.8M | 0.8% | -47% | 55.3 |
| 32 |  $HWBK | HAWTHORN BANCSHARES, INC. | $6.4M | 0.7% | +0% | — |
| 33 |  $SYBT | Stock Yards Bancorp, Inc. | $6.2M | 0.7% | +1362% | — |
| 34 |  $SFBS | ServisFirst Bancshares, Inc. | $5.8M | 0.7% | NEW | — |
| 35 |  $SCHW | SCHWAB CHARLES CORP | $5.8M | 0.7% | NEW | 77.2 |
| 36 |  $HCI | HCI Group, Inc. | $5.8M | 0.7% | +96% | 76.8 |
| 37 |  $VIRT | Virtu Financial, Inc. | $5.5M | 0.6% | NEW | 62.6 |
| 38 |  $PLMR | Palomar Holdings, Inc. | $5.4M | 0.6% | +1076% | 77.5 |
| 39 |  $AMTB | Amerant Bancorp Inc. | $5.4M | 0.6% | NEW | — |
| 40 |  $CNO | CNO Financial Group, Inc. | $5.4M | 0.6% | +237% | 49.1 |
| 41 |  $USB | US BANCORP DE | $5.1M | 0.6% | -74% | 71.4 |
| 42 |  $UMBF | UMB FINANCIAL CORP | $4.9M | 0.6% | +65% | — |
| 43 |  $ESNT | Essent Group Ltd. | $4.4M | 0.5% | NEW | — |
| 44 |  $PHM | PULTEGROUP INC/MI/ | $4.2M | 0.5% | +15% | 65.1 |
| 45 |  $SKWD | Skyward Specialty Insurance Group, Inc. | $4.1M | 0.5% | -35% | 69.3 |
| 46 |  $HCXY | Hercules Capital, Inc. | $4.1M | 0.5% | +63% | — |
| 47 |  $OMF | OneMain Holdings, Inc. | $4.1M | 0.5% | NEW | — |
| 48 |  $THG | HANOVER INSURANCE GROUP, INC. | $3.9M | 0.4% | -40% | 69.4 |
| 49 |  $WELL | WELLTOWER INC. | $3.8M | 0.4% | -8% | 75.7 |
| 50 |  $HYNE | Hoyne Bancorp, Inc. | $3.8M | 0.4% | +0% | — |
| 51 |  $DLR | DIGITAL REALTY TRUST, INC. | $3.8M | 0.4% | +286% | 70.2 |
| 52 |  $NDAQ | NASDAQ, INC. | $3.6M | 0.4% | NEW | 78.5 |
| 53 |  $MAIN | Main Street Capital CORP | $3.6M | 0.4% | NEW | — |
| 54 |  $NLY | ANNALY CAPITAL MANAGEMENT INC | $3.5M | 0.4% | +128% | — |
| 55 |  $EQIX | EQUINIX INC | $3.5M | 0.4% | NEW | 61.4 |
| 56 |  $IVT | InvenTrust Properties Corp. | $3.4M | 0.4% | -10% | 54.5 |
| 57 |  $EGBN | EAGLE BANCORP INC | $3.2M | 0.4% | NEW | — |
| 58 |  $BXMT | BLACKSTONE MORTGAGE TRUST, INC. | $3.1M | 0.3% | +407% | — |
| 59 |  $ECPG | ENCORE CAPITAL GROUP INC | $2.9M | 0.3% | NEW | 64.5 |
| 60 |  $QCRH | QCR HOLDINGS INC | $2.8M | 0.3% | -75% | — |
| 61 |  $AHR | American Healthcare REIT, Inc. | $2.8M | 0.3% | +15% | 63.7 |
| 62 |  $PNC | PNC FINANCIAL SERVICES GROUP, INC. | $2.6M | 0.3% | NEW | 70.9 |
| 63 |  $AUB | Atlantic Union Bankshares Corp | $2.6M | 0.3% | NEW | — |
| 64 |  $FR | FIRST INDUSTRIAL REALTY TRUST INC | $2.5M | 0.3% | -8% | 67.5 |
| 65 |  $ADC | AGREE REALTY CORP | $2.4M | 0.3% | -12% | 57.4 |
| 66 |  $CTO | CTO Realty Growth, Inc. | $2.2M | 0.2% | +30% | 46.6 |
| 67 |  $MSIF | MSC INCOME FUND, INC. | $2.1M | 0.2% | NEW | — |
| 68 |  $AKR | ACADIA REALTY TRUST | $2.0M | 0.2% | -57% | 70.3 |
| 69 |  $HOOD | Robinhood Markets, Inc. | $2.0M | 0.2% | NEW | 75.8 |
| 70 |  $BEN | FRANKLIN RESOURCES INC | $2.0M | 0.2% | NEW | 59.9 |
| 71 |  $AXS | AXIS CAPITAL HOLDINGS LTD | $2.0M | 0.2% | +303% | — |
| 72 |  $RGA | REINSURANCE GROUP OF AMERICA INC | $2.0M | 0.2% | -58% | 53.3 |
| 73 |  $UNM | Unum Group | $1.9M | 0.2% | NEW | 49.5 |
| 74 |  $TOL | Toll Brothers, Inc. | $1.6M | 0.2% | NEW | 68.3 |
| 75 |  $EGP | EASTGROUP PROPERTIES INC | $1.5M | 0.2% | +66% | 72.4 |
| 76 |  $SNDA | SONIDA SENIOR LIVING, INC. | $1.5M | 0.2% | NEW | 34.6 |
| 77 |  $DAVE | Dave Inc./DE | $1.4M | 0.2% | +355% | 78.1 |
| 78 |  $GL | GLOBE LIFE INC. | $1.4M | 0.2% | -70% | 66.6 |
| 79 |  $BRX | Brixmor Property Group Inc. | $1.3M | 0.1% | NEW | 68.2 |
| 80 |  $MAA | MID AMERICA APARTMENT COMMUNITIES INC. | $1.3M | 0.1% | -2% | 63.7 |
| 81 |  $FCFS | FirstCash Holdings, Inc. | $1.0M | 0.1% | NEW | 73.8 |
| 82 |  $EFC | Ellington Financial Inc. | $967,991 | 0.1% | NEW | — |
| 83 |  $SPNT | SiriusPoint Ltd | $950,840 | 0.1% | -38% | — |
| 84 |  $HQY | HEALTHEQUITY, INC. | $936,820 | 0.1% | -17% | 72.3 |
| 85 |  $TRU | TransUnion | $859,617 | 0.1% | NEW | 69.1 |
| 86 |  $ELS | EQUITY LIFESTYLE PROPERTIES INC | $826,378 | 0.1% | NEW | 65.6 |
| 87 |  $COF | CAPITAL ONE FINANCIAL CORP | $780,071 | 0.1% | +259% | 71 |
| 88 |  $MA | Mastercard Inc | $758,484 | 0.1% | +43% | 81.7 |
| 89 |  $SBRA | Sabra Health Care REIT, Inc. | $735,067 | 0.1% | NEW | 73.5 |
| 90 |  $CURB | Curbline Properties Corp. | $635,801 | 0.1% | -49% | 61.5 |
| 91 |  $PSTL | Postal Realty Trust, Inc. | $629,574 | 0.1% | +44% | 62.7 |
| 92 |  $V | VISA INC. | $610,525 | 0.1% | +3% | 83.5 |
| 93 |  $FHI | FEDERATED HERMES, INC. | $587,459 | 0.1% | +136% | 70.6 |
| 94 |  $SYF | Synchrony Financial | $584,360 | 0.1% | +83% | — |
| 95 |  $EFSC | ENTERPRISE FINANCIAL SERVICES CORP | $550,948 | 0.1% | NEW | — |
| 96 |  $EPRT | ESSENTIAL PROPERTIES REALTY TRUST, INC. | $536,309 | 0.1% | +0% | 70.1 |
| 97 |  $NP | Neptune Insurance Holdings Inc. | $526,592 | 0.1% | +119% | — |
| 98 |  $SPG | SIMON PROPERTY GROUP INC. | $492,253 | 0.1% | NEW | 76.9 |
| 99 |  $RHP | Ryman Hospitality Properties, Inc. | $492,076 | 0.1% | NEW | 64.8 |
| 100 |  $ACIW | ACI WORLDWIDE, INC. | $490,028 | 0.1% | -34% | 65.5 |
| 101 |  $VRE | Veris Residential, Inc. | $457,522 | 0.1% | NEW | 60.1 |
| 102 |  $CUBE | CubeSmart | $443,062 | 0.1% | NEW | 64.7 |
| 103 |  $SIGI | SELECTIVE INSURANCE GROUP INC | $426,934 | 0.1% | NEW | 68.7 |
| 104 |  $CDP | COPT DEFENSE PROPERTIES | $425,340 | 0.1% | NEW | 53.7 |
| 105 |  $MKL | MARKEL GROUP INC. | $386,642 | 0.0% | NEW | 68.2 |
| 106 |  $UHT | UNIVERSAL HEALTH REALTY INCOME TRUST | $380,782 | 0.0% | +0% | 54.6 |
| 107 |  $GNW | GENWORTH FINANCIAL INC | $374,478 | 0.0% | NEW | 46.6 |
| 108 |  $JHG | Janus Henderson Group Ltd. | $371,097 | 0.0% | -40% | — |
| 109 |  $HLNE | Hamilton Lane INC | $361,220 | 0.0% | NEW | 75.4 |
| 110 |  $XHR | Xenia Hotels & Resorts, Inc. | $347,941 | 0.0% | NEW | 60.9 |
| 111 |  $CG | Carlyle Group Inc. | $341,391 | 0.0% | NEW | 47.3 |
| 112 |  $BNL | Broadstone Net Lease, Inc. | $270,707 | 0.0% | +0% | 54 |
| 113 |  $BFH | BREAD FINANCIAL HOLDINGS, INC. | $259,569 | 0.0% | +28% | — |
| 114 |  $VOYA | Voya Financial, Inc. | $239,188 | 0.0% | -90% | 62.4 |
| 115 |  $VTR | Ventas, Inc. | $232,419 | 0.0% | -56% | 70.3 |
| 116 |  $JXN | Jackson Financial Inc. | $227,087 | 0.0% | -22% | 67.5 |
| 117 |  $PYPL | PayPal Holdings, Inc. | $225,110 | 0.0% | NEW | 70.5 |
| 118 |  $EQR | EQUITY RESIDENTIAL | $222,996 | 0.0% | -79% | — |
| 119 |  $TRV | TRAVELERS COMPANIES, INC. | $219,927 | 0.0% | NEW | 71.5 |
| 120 |  $NTST | NETSTREIT Corp. | $206,490 | 0.0% | -62% | 61.7 |
| 121 |  $GPN | GLOBAL PAYMENTS INC | $204,996 | 0.0% | NEW | 42.9 |
| 122 |  $GCMG | GCM Grosvenor Inc. | $173,921 | 0.0% | NEW | 59 |
| 123 |  $SVC | Service Properties Trust | $127,492 | 0.0% | NEW | 35.7 |
| 124 |  $SHO | Sunstone Hotel Investors, Inc. | $118,932 | 0.0% | NEW | 48.3 |
| 125 |  $BHR | Braemar Hotels & Resorts Inc. | $97,789 | 0.0% | NEW | 52.1 |
| 126 |  $RPC | Ridgepost Capital, Inc. | $80,637 | 0.0% | -98% | 53.3 |
New Positions (50)
$HBAN HUNTINGTON BANCSHARES INC /MD/$17.5M$BKU BankUnited, Inc.$17.2M$NTRS NORTHERN TRUST CORP$11.0M$ABCB Ameris Bancorp$10.5M$BAC BANK OF AMERICA CORP /DE/$9.2M$CFG CITIZENS FINANCIAL GROUP INC/RI$7.6M$SFBS ServisFirst Bancshares, Inc.$5.8M$SCHW SCHWAB CHARLES CORP$5.8M$VIRT Virtu Financial, Inc.$5.5M$AMTB Amerant Bancorp Inc.$5.4M$ESNT Essent Group Ltd.$4.4M$OMF OneMain Holdings, Inc.$4.1M$NDAQ NASDAQ, INC.$3.6M$MAIN Main Street Capital CORP$3.6M$EQIX EQUINIX INC$3.5MExited Positions (52)
$WAL WESTERN ALLIANCE BANCORPORATION
$MOFG MidWestOne Financial Group, Inc.
$WBS WEBSTER FINANCIAL CORP
$ZION ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/
$SF STIFEL FINANCIAL CORP
$NMRK NEWMARK GROUP, INC.
$CINF CINCINNATI FINANCIAL CORP
$CME CME GROUP INC.
$LNKB LINKBANCORP, Inc.
$TCBK TRICO BANCSHARES /
$GABC GERMAN AMERICAN BANCORP, INC.
$WLTH WEALTHFRONT CORP
$LXP LXP Industrial Trust
$PFSI PennyMac Financial Services, Inc.
$ETOR eToro Group Ltd.Browse Top Institutional Investors
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