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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
-6.68%
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
$784M
AUM Growth
-$23.5M
(-2.9%)
Cap. Flow
+$35.7M
Cap. Flow
% of AUM
4.55%
Top 10 Holdings %
Top 10 Hldgs %
38.21%
Holding
124
New
26
Increased
23
Reduced
29
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Capital Bancshares
TCBI
|
+$10.4M |
| 2 |
Southern First Bancshares
SFST
|
+$8.68M |
| 3 |
Ameris Bancorp
ABCB
|
+$8.01M |
| 4 |
Southern California Bancorp
BCAL
|
+$7.79M |
| 5 |
Seacoast Banking Corp of Florida
SBCF
|
+$6.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eastern Bankshares
EBC
|
+$9.44M |
| 2 |
STEL
Stellar Bancorp
STEL
|
+$6.65M |
| 3 |
Shore Bancshares
SHBI
|
+$5.59M |
| 4 |
Horizon Bancorp
HBNC
|
+$4.1M |
| 5 |
FBMS
The First Bancshares, Inc.
FBMS
|
+$3.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 98.81% |
| 2 | Real Estate | 0.73% |
| 3 | Consumer Discretionary | 0.17% |
| 4 | Industrials | 0.17% |
| 5 | Technology | 0.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Allstate
ALL
$68B
| $711K | 0.09% |
6,519
-794
| -11% | -$90.1K |
|
77
Progressive
PGR
$123B
| $705K | 0.09% |
5,327
-11,118
| -68% | -$1.49M |
|
78
Arthur J. Gallagher & Co
AJG
$64.1B
| $690K | 0.09% |
3,143
-3,091
| -50% | -$643K |
|
79
Arch Capital
ACGL
$34.3B
| $681K | 0.09% |
9,094
-3,048
| -25% | -$220K |
|
80
Brown & Brown
BRO
$23.6B
| $677K | 0.09% |
+9,835
| New | +$626K |
|
81
Ameriprise Financial
AMP
$48.3B
| $675K | 0.09% |
+2,033
| New | +$625K |
|
82
Equinix
EQIX
$101B
| $645K | 0.08% |
+823
| New | +$602K |
|
83
Prologis
PLD
$135B
| $609K | 0.08% |
4,966
-1,912
| -28% | -$235K |
|
84
Tradeweb Markets
TW
$21.4B
| $602K | 0.08% |
+8,787
| New | +$622K |
|
85
AGNC Investment
AGNC
$12.4B
| $591K | 0.08% |
+58,383
| New | +$567K |
|
86
Century Communities
CCS
$1.91B
| $581K | 0.07% |
+7,584
| New | +$507K |
|
87
Enact Holdings
ACT
$6.61B
| $542K | 0.07% |
+21,574
| New | +$526K |
|
88
NMI Holdings
NMIH
$3.33B
| $531K | 0.07% |
+20,548
| New | +$498K |
|
89
Blue Owl Capital
OBDC
$5.34B
| $529K | 0.07% |
+39,436
| New | +$516K |
|
90
Huntington Bancshares
HBAN
$34.4B
| $483K | 0.06% |
+44,806
| New | +$479K |
|
91
Hercules Capital
HTGC
$3.07B
| $481K | 0.06% |
32,469
-42,780
| -57% | -$587K |
|
92
Lennar Class A
LEN
$19.8B
| $468K | 0.06% |
+3,858
| New | +$421K |
|
93
Bain Capital Specialty
BCSF
$806M
| $459K | 0.06% |
+34,002
| New | +$420K |
|
|
FITB
94
Fifth Third Bancorp
FITB
$51.2B
| $459K | 0.06% |
+17,503
| New | +$451K |
|
|
TMHC
95
DELISTED
Taylor Morrison
TMHC
| $444K | 0.06% |
+9,113
| New | +$392K |
|
96
Toll Brothers
TOL
$13.6B
| $440K | 0.06% |
5,571
-14,331
| -72% | -$962K |
|
97
American Financial Group
AFG
$11.8B
| $428K | 0.05% |
3,607
-2,623
| -42% | -$309K |
|
98
GCM Grosvenor
GCMG
$754M
| $422K | 0.05% |
55,921
-73,206
| -57% | -$546K |
|
|
LADR
99
Ladder Capital
LADR
$1.21B
| $414K | 0.05% |
38,131
-13,713
| -26% | -$133K |
|
100
PennyMac Financial
PFSI
$3.92B
| $412K | 0.05% |
+5,853
| New | +$371K |
|
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FJ Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, FJ Capital Management held 124 positions worth $784M, down 2.9% from $808M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
FJ Capital Management deployed $35.7M of net new capital in Q2 2023, opening 26 new positions and adding to 23 existing holdings. Its largest new stake was Ameris Bancorp: 241,557 shares worth $8.26M.
By sector, the portfolio is most concentrated in Financials at 99% of assets, up from 99% a quarter earlier, followed by Real Estate and Consumer Discretionary.
On the sell side, the largest reduction was Eastern Bankshares, an estimated $9.44M trimmed.
- FJ Capital Management's largest Q2 2023 buy was Ameris Bancorp: 241,557 shares worth $8.26M.
- FJ Capital Management added most to Texas Capital Bancshares in Q2 2023, an estimated $10.4M increase.
- FJ Capital Management's biggest Q2 2023 reduction was Eastern Bankshares, cutting an estimated $9.44M.
- FJ Capital Management fully exited Horizon Bancorp in Q2 2023, selling an estimated $4.1M.
- FJ Capital Management's ten largest holdings make up 38% of its $784M portfolio in Q2 2023.
- FJ Capital Management opened 26 new positions and closed 20 in Q2 2023.
- FJ Capital Management's portfolio value fell 2.9% quarter-over-quarter to $784M.
Based on FJ Capital Management's 13F filing for Q2 2023, filed 11 Aug 2023.