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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
-0.08%
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
$836M
AUM Growth
-$205M
(-20%)
Cap. Flow
-$181M
Cap. Flow
% of AUM
-21.61%
Top 10 Holdings %
Top 10 Hldgs %
38.8%
Holding
111
New
16
Increased
13
Reduced
39
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FBMS
The First Bancshares, Inc.
FBMS
|
+$28.8M |
| 2 |
CNB Financial Corp
CCNE
|
+$13.1M |
| 3 |
LNKB
LINKBANCORP
LNKB
|
+$10.7M |
| 4 |
HTB
HomeTrust Bancshares
HTB
|
+$7.07M |
| 5 |
RBB Bancorp
RBB
|
+$4.15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LBAI
Lakeland Bancorp Inc
LBAI
|
+$35.1M |
| 2 |
STEL
Stellar Bancorp
STEL
|
+$32M |
| 3 |
Wintrust Financial
WTFC
|
+$28.7M |
| 4 |
Old National Bancorp
ONB
|
+$28.5M |
| 5 |
Banc of California
BANC
|
+$15.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 97.68% |
| 2 | Real Estate | 0.74% |
| 3 | Technology | 0.38% |
| 4 | Industrials | 0.11% |
| 5 | Consumer Discretionary | 0.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Prologis
PLD
$131B
| $709K | 0.08% |
7,000
-6,000
| -46% | -$744K |
|
77
American International
AIG
$42.5B
| $708K | 0.08% |
15,000
| – | – |
|
78
Corebridge Financial
CRBG
$15B
| $706K | 0.08% |
+36,000
| New | +$740K |
|
|
DX
79
Dynex Capital
DX
$3.19B
| $694K | 0.08% |
60,000
+1,000
| +2% | +$15.6K |
|
80
American Tower
AMT
$78.3B
| $686K | 0.08% |
+3,000
| New | +$771K |
|
81
Fidelity National Information Services
FIS
$22.1B
| $665K | 0.08% |
9,000
-6,000
| -40% | -$559K |
|
82
Phillips Edison & Co
PECO
$5.34B
| $649K | 0.08% |
23,000
-9,000
| -28% | -$296K |
|
83
Blackstone Mortgage Trust
BXMT
$2.35B
| $598K | 0.07% |
26,000
-16,000
| -38% | -$463K |
|
84
Walker & Dunlop
WD
$1.76B
| $557K | 0.07% |
7,000
-1,000
| -13% | -$102K |
|
|
PNNT
85
Pennant Park Investment Corp
PNNT
$227M
| $553K | 0.07% |
101,000
-22,000
| -18% | -$139K |
|
86
Blackstone Secured Lending
BXSL
$5.43B
| $545K | 0.07% |
+24,000
| New | +$572K |
|
87
GCM Grosvenor
GCMG
$811M
| $534K | 0.06% |
68,000
-1,000
| -1% | -$7.84K |
|
88
Assurant
AIZ
$14.9B
| $514K | 0.06% |
+4,000
| New | +$653K |
|
89
Popular Inc
BPOP
$11.3B
| $509K | 0.06% |
+7,000
| New | +$544K |
|
90
D.R. Horton
DHI
$42.4B
| $468K | 0.06% |
7,000
-6,000
| -46% | -$441K |
|
91
Paymentus
PAY
$5.03B
| $422K | 0.05% |
+43,000
| New | +$533K |
|
|
TMHC
92
DELISTED
Taylor Morrison
TMHC
| $311K | 0.04% |
+13,000
| New | +$338K |
|
93
Perella Weinberg Partners
PWP
$1.26B
| $191K | 0.02% |
+30,000
| New | +$213K |
|
94
Alkami Technology
ALKT
$2.01B
| – | – |
-25,000
| Closed | -$342K |
|
95
Barings BDC
BBDC
$882M
| – | – |
-82,000
| Closed | -$767K |
|
96
Colony Bankcorp
CBAN
$470M
| – | – |
-240,000
| Closed | -$3.62M |
|
97
Civista Bancshares
CIVB
$600M
| – | – |
-20,000
| Closed | -$436K |
|
98
Equitable Holdings
EQH
$14B
| – | – |
-32,000
| Closed | -$823K |
|
99
Flywire
FLYW
$2.3B
| – | – |
-39,000
| Closed | -$694K |
|
100
Farmers National Banc Corp
FMNB
$941M
| – | – |
-244,000
| Closed | -$3.65M |
|
Similar funds
KWM
I
TOCUITCONY
PCM
SFM
MFWM
BFFIM
GKFF
FJ Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, FJ Capital Management held 111 positions worth $836M, down 20% from $1.04B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
FJ Capital Management withdrew a net $181M in Q3 2022, closing 18 positions and reducing 39 holdings. Its most notable exit was Wintrust Financial, an estimated $28.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 98% of assets, up from 94% a quarter earlier, followed by Real Estate and Technology.
Against the trend, FJ Capital Management opened a new position in CNB Financial Corp worth $12M.
- FJ Capital Management's largest Q3 2022 buy was CNB Financial Corp: 511,000 shares worth $12M.
- FJ Capital Management added most to The First Bancshares, Inc. in Q3 2022, an estimated $28.8M increase.
- FJ Capital Management's biggest Q3 2022 reduction was Lakeland Bancorp Inc, cutting an estimated $35.1M.
- FJ Capital Management fully exited Wintrust Financial in Q3 2022, selling an estimated $28.7M.
- FJ Capital Management's ten largest holdings make up 39% of its $836M portfolio in Q3 2022.
- FJ Capital Management opened 16 new positions and closed 18 in Q3 2022.
- FJ Capital Management's portfolio value fell 20% quarter-over-quarter to $836M.
Based on FJ Capital Management's 13F filing for Q3 2022, filed 9 Nov 2022.