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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 | |
|---|---|---|---|---|---|---|
101
Home Federal Bancorp
HFBL
$70.9M
| – | – |
-223,000
| Closed | -$4.39M |
|
|
HPP
102
Hudson Pacific Properties
HPP
$812M
| – | – |
-7,000
| Closed | -$734K |
|
103
Metropolitan Bank Holding Corp
MCB
$1.17B
| – | – |
-210,000
| Closed | -$14.6M |
|
104
MainStreet Bancshares
MNSB
$168M
| – | – |
-167,000
| Closed | -$3.81M |
|
105
Telos
TLS
$350M
| – | – |
-168,000
| Closed | -$1.36M |
|
106
Western Alliance Bancorporation
WAL
$9.05B
| – | – |
-221,000
| Closed | -$15.6M |
|
|
107
Wintrust Financial
WTFC
$10.9B
| – | – |
-358,000
| Closed | -$28.7M |
|
|
FRC
108
DELISTED
First Republic Bank
FRC
| – | – |
-66,000
| Closed | -$9.51M |
|
|
PFHD
109
DELISTED
Professional Holding Corp. Class A Common stock
PFHD
| – | – |
-305,000
| Closed | -$6.12M |
|
|
COWN
110
DELISTED
Cowen Inc. Class A Common Stock
COWN
| – | – |
-10,000
| Closed | -$238K |
|
|
SBNY
111
DELISTED
Signature Bank
SBNY
| – | – |
-36,000
| Closed | -$6.52M |
|
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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.