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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 | |
|---|---|---|---|---|---|---|
101
Voya Financial
VOYA
$9.01B
| $398K | 0.05% |
+5,544
| New | +$398K |
|
102
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $294K | 0.04% |
+10,733
| New | +$279K |
|
|
ENV
103
DELISTED
ENVESTNET, INC.
ENV
| $268K | 0.03% |
4,513
-6,316
| -58% | -$366K |
|
104
Blue Owl Capital
OWL
$6.96B
| $246K | 0.03% |
+21,077
| New | +$227K |
|
|
AVDX
105
DELISTED
AvidXchange
AVDX
| – | – |
-34,218
| Closed | -$267K |
|
106
Popular Inc
BPOP
$11.2B
| – | – |
-41,619
| Closed | -$2.39M |
|
107
Everest Group
EG
$14.5B
| – | – |
-2,186
| Closed | -$783K |
|
108
Fidelity National Financial
FNF
$13.9B
| – | – |
-16,068
| Closed | -$561K |
|
|
109
Horizon Bancorp
HBNC
$1.04B
| – | – |
-370,922
| Closed | -$4.1M |
|
|
MFA
110
MFA Financial
MFA
$926M
| – | – |
-39,229
| Closed | -$389K |
|
111
M/I Homes
MHO
$3.74B
| – | – |
-11,868
| Closed | -$749K |
|
112
MGIC Investment
MTG
$6.16B
| – | – |
-78,713
| Closed | -$1.06M |
|
113
Meritage Homes
MTH
$4.58B
| – | – |
-8,334
| Closed | -$487K |
|
114
Annaly Capital Management
NLY
$17.1B
| – | – |
-12,746
| Closed | -$244K |
|
115
Oaktree Specialty Lending
OCSL
$1.02B
| – | – |
-35,639
| Closed | -$669K |
|
116
Pultegroup
PHM
$24.1B
| – | – |
-19,763
| Closed | -$1.15M |
|
|
RWT
117
Redwood Trust
RWT
$574M
| – | – |
-109,149
| Closed | -$736K |
|
118
S&P Global
SPGI
$121B
| – | – |
-1,675
| Closed | -$577K |
|
119
StepStone Group
STEP
$3.61B
| – | – |
-37,881
| Closed | -$919K |
|
120
Sixth Street Specialty
TSLX
$1.63B
| – | – |
-46,635
| Closed | -$853K |
|
121
Visa
V
$684B
| – | – |
-1,855
| Closed | -$418K |
|
122
Verisk Analytics
VRSK
$25.4B
| – | – |
-2,890
| Closed | -$554K |
|
123
Welltower
WELL
$169B
| – | – |
-5,592
| Closed | -$401K |
|
124
W.R. Berkley
WRB
$26.9B
| – | – |
-16,316
| Closed | -$677K |
|
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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.