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FJ Capital Management Portfolio holdings
AUM
$770M
Turnover
57.8%
1-Year Est. Return
28.42%
This Fund
S&P 500
This Quarter Est. Return
+12.73%
1 Year Est. Return
+28.42%
3 Year Est. Return
+97.95%
5 Year Est. Return
+61.17%
10 Year Est. Return
+221.15%
AUM
$770M
AUM Growth
-$118M
(-13%)
Cap. Flow
-$197M
Cap. Flow % of AUM
Cap. Flow %
-25.53%
Top 10 Holdings %
Top 10 Hldgs %
53.36%
Holding
173
New
47
Increased
30
Reduced
27
Closed
53
Avg Time Held
1
year
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of Hawaii
BOH
|
+$24.5M |
| 2 |
Truist Financial
TFC
|
+$22M |
| 3 |
Towne Bank
TOWN
|
+$15.7M |
| 4 |
UMB Financial
UMBF
|
+$10.8M |
| 5 |
CVB Financial
CVBF
|
+$9.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eastern Bankshares
EBC
|
+$34.1M |
| 2 |
HomeTrust Bancshares
HTB
|
+$33.1M |
| 3 |
SouthState Bank Corp
SSB
|
+$32.7M |
| 4 |
RBB Bancorp
RBB
|
+$32.3M |
| 5 |
Bankunited
BKU
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 91.38% |
| 2 | Real Estate | 6.98% |
| 3 | Consumer Discretionary | 0.98% |
| 4 | Technology | 0.55% |
| 5 | Healthcare | 0.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Southern First Bancshares
SFST
$580M
| $54.5M | 7.08% |
892,223
+85,000
| +11% | +$4.9M |
2020 Q4
22 quarters
|
|
2
Equity Bancshares
EQBK
$1B
| $47.1M | 6.11% |
961,492
+40,418
| +4% | +$1.87M |
2015 Q4
42 quarters
|
|
3
Nicolet Bankshares
NIC
$3.56B
| $45.9M | 5.95% |
277,243
-29,138
| -10% | -$4.3M |
2025 Q3
3 quarters
|
|
|
4
SouthState Bank Corp
SSB
$10.2B
| $43.9M | 5.69% |
438,973
-339,654
| -44% | -$32.7M |
2024 Q2
8 quarters
|
|
5
Southern California Bancorp
BCAL
$710M
| $42.8M | 5.56% |
2,054,534
| – | – |
2023 Q2
12 quarters
|
|
|
6
HomeTrust Bancshares
HTB
$761M
| $41.9M | 5.43% |
839,115
-715,310
| -46% | -$33.1M |
2020 Q4
22 quarters
|
|
|
7
Towne Bank
TOWN
$3.36B
| $36.5M | 4.74% |
1,008,071
+448,299
| +80% | +$15.7M |
2025 Q2
4 quarters
|
|
8
Old Second Bancorp
OSBC
$1.26B
| $34.1M | 4.42% |
1,460,413
-44,689
| -3% | -$956K |
2014 Q2
48 quarters
|
|
9
Seacoast Banking Corp of Florida
SBCF
$3.26B
| $33.5M | 4.34% |
1,006,363
+100,310
| +11% | +$3.13M |
2025 Q1
5 quarters
|
|
10
First Merchants
FRME
$2.56B
| $31.1M | 4.03% |
711,425
| – | – |
2025 Q3
3 quarters
|
|
|
11
CVB Financial
CVBF
$4.05B
| $29.2M | 3.79% |
1,295,322
+443,896
| +52% | +$9.12M |
2025 Q4
2 quarters
|
|
|
12
Bank of Hawaii
BOH
$2.77B
| $25.5M | 3.31% |
+312,693
| New | +$24.5M |
2026 Q2
0 quarters
|
|
13
Horizon Bancorp
HBNC
$1.03B
| $24.9M | 3.23% |
1,246,550
-44,658
| -3% | -$822K |
2025 Q3
3 quarters
|
|
14
Huntington Bancshares
HBAN
$31.6B
| $24.2M | 3.14% |
1,364,029
+247,213
| +22% | +$4.08M |
2026 Q1
1 quarter
|
|
|
15
Truist Financial
TFC
$59.2B
| $22.2M | 2.89% |
+446,477
| New | +$22M |
2026 Q2
0 quarters
|
|
|
16
UMB Financial
UMBF
$10.3B
| $18.2M | 2.36% |
127,486
+83,746
| +191% | +$10.8M |
2025 Q3
3 quarters
|
|
17
Chain Bridge Bancorp
CBNA
$334M
| $12.4M | 1.6% |
293,788
| – | – |
2024 Q4
6 quarters
|
|
18
Avidia Bancorp
AVBC
$413M
| $10.4M | 1.35% |
497,258
| – | – |
2025 Q3
3 quarters
|
|
19
LPL Financial
LPLA
$25.1B
| $8.44M | 1.1% |
+29,967
| New | +$8.99M |
2026 Q2
0 quarters
|
|
20
Annaly Capital Management
NLY
$13.8B
| $8.21M | 1.07% |
376,036
+210,786
| +128% | +$4.65M |
2025 Q2
4 quarters
|
|
21
Hawthorn Bancshares
HWBK
$291M
| $7.49M | 0.97% |
190,710
| – | – |
2018 Q3
31 quarters
|
|
22
Independent Bank Corp
IBCP
$820M
| $7.34M | 0.95% |
203,607
| – | – |
2013 Q4
50 quarters
|
|
23
Wells Fargo
WFC
$249B
| $6.68M | 0.87% |
+80,810
| New | +$6.49M |
2026 Q2
0 quarters
|
|
24
American Healthcare REIT
AHR
$11.6B
| $6.64M | 0.86% |
127,389
+68,797
| +117% | +$3.38M |
2024 Q2
8 quarters
|
|
25
First American
FAF
$6.64B
| $6.29M | 0.82% |
+91,643
| New | +$6.11M |
2026 Q2
0 quarters
|
|
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FJ Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, FJ Capital Management held 173 positions worth $770M, down 13% from $888M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
FJ Capital Management withdrew a net $197M in Q2 2026, closing 53 positions and reducing 27 holdings. Its most notable exit was Eastern Bankshares, an estimated $34.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 91% of assets, down from 93% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, FJ Capital Management opened a new position in Bank of Hawaii worth $25.5M.
- FJ Capital Management's largest Q2 2026 buy was Bank of Hawaii: 312,693 shares worth $25.5M.
- FJ Capital Management added most to Towne Bank in Q2 2026, an estimated $15.7M increase.
- FJ Capital Management's biggest Q2 2026 reduction was HomeTrust Bancshares, cutting an estimated $33.1M.
- FJ Capital Management fully exited Eastern Bankshares in Q2 2026, selling an estimated $34.1M.
- FJ Capital Management's ten largest holdings make up 53% of its $770M portfolio in Q2 2026.
- FJ Capital Management opened 47 new positions and closed 53 in Q2 2026.
- FJ Capital Management's portfolio value fell 13% quarter-over-quarter to $770M.
Based on FJ Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.