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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 | |
|---|---|---|---|---|---|---|
101
Western New England Bancorp
WNEB
$259M
| – | – |
-88,000
| Closed | -$818K |
|
|
RPT
102
Rithm Property Trust
RPT
$95.8M
| – | – |
-19,148
| Closed | -$1.56M |
|
|
CVLY
103
DELISTED
Codorus Valley Bancorp Inc
CVLY
| – | – |
-40,950
| Closed | -$900K |
|
|
LEVL
104
DELISTED
Level One Bancorp, Inc. Common Stock
LEVL
| – | – |
-155,000
| Closed | -$3.88M |
|
|
AMTD
105
DELISTED
TD Ameritrade Holding Corp
AMTD
| – | – |
-5,000
| Closed | -$262K |
|
|
UBNK
106
DELISTED
United Financial Bancorp, Inc.
UBNK
| – | – |
-4,929,000
| Closed | -$69.9M |
|
|
MSL
107
DELISTED
Midsouth Bancorp, Inc.
MSL
| – | – |
-1,585,000
| Closed | -$18.8M |
|
|
MBTF
108
DELISTED
MBT Financial Corporation
MBTF
| – | – |
-380,000
| Closed | -$3.81M |
|
|
HFBC
109
DELISTED
HopFed Bancorp Inc
HFBC
| – | – |
-561,000
| Closed | -$10.6M |
|
|
WCFB
110
DELISTED
WCF Bancorp, Inc. Common Stock
WCFB
| – | – |
-44,000
| Closed | -$357K |
|
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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.