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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
+5.22%
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
$884M
AUM Growth
+$99.4M
(+13%)
Cap. Flow
+$72M
Cap. Flow
% of AUM
8.15%
Top 10 Holdings %
Top 10 Hldgs %
36.24%
Holding
137
New
33
Increased
35
Reduced
11
Closed
29
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameris Bancorp
ABCB
|
+$25M |
| 2 |
Western Alliance Bancorporation
WAL
|
+$19.8M |
| 3 |
Banc of California
BANC
|
+$17.4M |
| 4 |
IBTX
Independent Bank Group, Inc.
IBTX
|
+$17M |
| 5 |
Banner Corp
BANR
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seacoast Banking Corp of Florida
SBCF
|
+$30.1M |
| 2 |
AMNB
American National Bankshares Inc
AMNB
|
+$17.8M |
| 3 |
Texas Capital Bancshares
TCBI
|
+$16.2M |
| 4 |
Mid Penn Bancorp
MPB
|
+$11.8M |
| 5 |
Shore Bancshares
SHBI
|
+$9.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 97.06% |
| 2 | Real Estate | 1.58% |
| 3 | Consumer Discretionary | 0.62% |
| 4 | Industrials | 0.3% |
| 5 | Communication Services | 0.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
NMI Holdings
NMIH
$3.31B
| – | – |
-20,548
| Closed | -$531K |
|
127
Bank of N.T. Butterfield & Son
NTB
$2.44B
| – | – |
-10,733
| Closed | -$294K |
|
128
Blue Owl Capital
OWL
$7.74B
| – | – |
-21,077
| Closed | -$246K |
|
129
PennyMac Financial
PFSI
$4B
| – | – |
-5,853
| Closed | -$412K |
|
130
Pinnacle Financial Partners Inc
PNFP
$16.1B
| – | – |
-60,551
| Closed | -$3.43M |
|
131
Rithm Capital
RITM
$5.55B
| – | – |
-93,991
| Closed | -$879K |
|
|
TMHC
132
DELISTED
Taylor Morrison
TMHC
| – | – |
-9,113
| Closed | -$444K |
|
133
Tradeweb Markets
TW
$21.8B
| – | – |
-8,787
| Closed | -$602K |
|
134
Voya Financial
VOYA
$9.2B
| – | – |
-5,544
| Closed | -$398K |
|
135
Walker & Dunlop
WD
$1.52B
| – | – |
-12,372
| Closed | -$979K |
|
|
SAL
136
DELISTED
Salisbury Bancorp, Inc.
SAL
| – | – |
-226,716
| Closed | -$5.37M |
|
|
AMNB
137
DELISTED
American National Bankshares Inc
AMNB
| – | – |
-614,028
| Closed | -$17.8M |
|
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FJ Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, FJ Capital Management held 137 positions worth $884M, up 13% from $784M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
FJ Capital Management deployed $72M of net new capital in Q3 2023, opening 33 new positions and adding to 35 existing holdings. Its largest new stake was Western Alliance Bancorporation: 419,799 shares worth $19.3M.
By sector, the portfolio is most concentrated in Financials at 97% of assets, down from 99% a quarter earlier, followed by Real Estate and Consumer Discretionary.
On the sell side, the largest reduction was Seacoast Banking Corp of Florida, an estimated $30.1M trimmed.
- FJ Capital Management's largest Q3 2023 buy was Western Alliance Bancorporation: 419,799 shares worth $19.3M.
- FJ Capital Management added most to Ameris Bancorp in Q3 2023, an estimated $25M increase.
- FJ Capital Management's biggest Q3 2023 reduction was Seacoast Banking Corp of Florida, cutting an estimated $30.1M.
- FJ Capital Management fully exited American National Bankshares Inc in Q3 2023, selling an estimated $17.8M.
- FJ Capital Management's ten largest holdings make up 36% of its $884M portfolio in Q3 2023.
- FJ Capital Management opened 33 new positions and closed 29 in Q3 2023.
- FJ Capital Management's portfolio value rose 13% quarter-over-quarter to $884M.
Based on FJ Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.