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FCM
FJ Capital Management Portfolio holdings
AUM
$888M
1-Year Est. Return
18.97%
This Fund
S&P 500
This Quarter
Est. Return
-1.17%
1 Year Est. Return
+18.97%
3 Year Est. Return
+63.88%
5 Year Est. Return
+48.18%
10 Year Est. Return
+191.97%
AUM
$964M
AUM Growth
-$81.7M
(-7.8%)
Cap. Flow
-$70.5M
Cap. Flow
% of AUM
-7.32%
Top 10 Holdings %
Top 10 Hldgs %
41.71%
Holding
110
New
20
Increased
23
Reduced
14
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hancock Whitney
HWC
|
+$13.6M |
| 2 |
Pioneer Bancorp
PBFS
|
+$12.6M |
| 3 |
Ameris Bancorp
ABCB
|
+$10.9M |
| 4 |
BRKL
Brookline Bancorp
BRKL
|
+$8.95M |
| 5 |
STXB
Spirit of Texas Bancshares, Inc. Common Stock
STXB
|
+$7.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBNK
United Financial Bancorp, Inc.
UBNK
|
+$69.9M |
| 2 |
Carter Bankshares
CARE
|
+$19M |
| 3 |
MSL
Midsouth Bancorp, Inc.
MSL
|
+$18.8M |
| 4 |
HFBC
HopFed Bancorp Inc
HFBC
|
+$10.6M |
| 5 |
PPBI
Pacific Premier Bancorp
PPBI
|
+$10.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 97.07% |
| 2 | Real Estate | 0.79% |
| 3 | Industrials | 0.4% |
| 4 | Consumer Discretionary | 0.24% |
| 5 | Technology | 0.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
South Plains Financial
SPFI
$845M
| $5.53M | 0.57% |
339,000
| – | – |
|
52
Byline Bancorp
BY
$1.78B
| $5.09M | 0.53% |
285,000
| – | – |
|
|
ABTX
53
DELISTED
Allegiance Bancshares
ABTX
| $5.09M | 0.53% |
159,000
-23,000
| -13% | -$761K |
|
54
Investar Holding Corp
ISTR
$415M
| $4.92M | 0.51% |
207,000
| – | – |
|
55
Meridian
MRBK
$234M
| $4.56M | 0.47% |
514,000
| – | – |
|
56
German American Bancorp
GABC
$1.91B
| $4.21M | 0.44% |
131,000
+1,000
| +0.8% | +$30.8K |
|
57
Hawthorn Bancshares
HWBK
$269M
| $4.04M | 0.42% |
198,876
| – | – |
|
58
Home Federal Bancorp
HFBL
$71.3M
| $3.97M | 0.41% |
242,000
| – | – |
|
59
SB Financial Group
SBFG
$164M
| $3.56M | 0.37% |
223,650
| – | – |
|
60
First Merchants
FRME
$2.68B
| $3.48M | 0.36% |
+93,000
| New | +$3.47M |
|
61
Civista Bancshares
CIVB
$604M
| $3.46M | 0.36% |
159,000
| – | – |
|
62
Wintrust Financial
WTFC
$10.8B
| $3.23M | 0.34% |
+50,000
| New | +$3.32M |
|
|
PBBI
63
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
| $3.2M | 0.33% |
278,000
+92,000
| +49% | +$1.05M |
|
|
ACR
64
ACRES Commercial Realty
ACR
$124M
| $3.07M | 0.32% |
90,000
+1,333
| +2% | +$45.5K |
|
|
FMBI
65
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $3.04M | 0.31% |
156,000
| – | – |
|
|
LADR
66
Ladder Capital
LADR
$1.21B
| $2.56M | 0.27% |
148,000
+3,000
| +2% | +$50.7K |
|
67
FS KKR Capital
FSK
$2.96B
| $2.44M | 0.25% |
+104,750
| New | +$2.46M |
|
|
TMHC
68
DELISTED
Taylor Morrison
TMHC
| $2.27M | 0.24% |
88,000
| – | – |
|
69
Enterprise Financial Services Corp
EFSC
$2.4B
| $2.23M | 0.23% |
55,000
| – | – |
|
70
Insperity
NSP
$1.93B
| $2.1M | 0.22% |
+21,000
| New | +$2.28M |
|
71
ACI Worldwide
ACIW
$5.83B
| $2.08M | 0.22% |
+67,000
| New | +$2.12M |
|
72
Encore Capital Group
ECPG
$2.02B
| $1.99M | 0.21% |
+60,000
| New | +$2.11M |
|
73
FNB Corp
FNB
$6.73B
| $1.96M | 0.2% |
+170,000
| New | +$1.92M |
|
|
EFC
74
Ellington Financial
EFC
$1.67B
| $1.96M | 0.2% |
+108,000
| New | +$1.92M |
|
75
First Financial Corp
THFF
$958M
| $1.92M | 0.2% |
+44,000
| New | +$1.83M |
|
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FJ Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, FJ Capital Management held 110 positions worth $964M, down 7.8% from $1.05B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
FJ Capital Management withdrew a net $70.5M in Q3 2019, closing 18 positions and reducing 14 holdings. Its most notable exit was United Financial Bancorp, Inc., an estimated $69.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 97% of assets, up from 90% a quarter earlier, followed by Real Estate and Industrials.
Against the trend, FJ Capital Management opened a new position in Hancock Whitney worth $13.7M.
- FJ Capital Management's largest Q3 2019 buy was Hancock Whitney: 358,000 shares worth $13.7M.
- FJ Capital Management added most to Ameris Bancorp in Q3 2019, an estimated $10.9M increase.
- FJ Capital Management's biggest Q3 2019 reduction was Carter Bankshares, cutting an estimated $19M.
- FJ Capital Management fully exited United Financial Bancorp, Inc. in Q3 2019, selling an estimated $69.9M.
- FJ Capital Management's ten largest holdings make up 42% of its $964M portfolio in Q3 2019.
- FJ Capital Management opened 20 new positions and closed 18 in Q3 2019.
- FJ Capital Management's portfolio value fell 7.8% quarter-over-quarter to $964M.
Based on FJ Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.