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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 | |
|---|---|---|---|---|---|---|
1
Eastern Bankshares
EBC
$5.26B
| $36.7M | 4.39% |
1,869,000
-73,000
| -4% | -$1.46M |
|
|
VBTX
2
DELISTED
Veritex Holdings
VBTX
| $35.1M | 4.19% |
1,319,000
-390,000
| -23% | -$11.8M |
|
|
HTBK
3
DELISTED
Heritage Commerce
HTBK
| $32.8M | 3.93% |
2,896,000
-113,000
| -4% | -$1.3M |
|
|
FBMS
4
DELISTED
The First Bancshares, Inc.
FBMS
| $32.6M | 3.9% |
1,093,000
+964,000
| +747% | +$28.8M |
|
5
Shore Bancshares
SHBI
$819M
| $32.4M | 3.87% |
1,871,000
| – | – |
|
6
Midland States Bancorp
MSBI
$699M
| $32.1M | 3.84% |
1,362,000
| – | – |
|
7
Equity Bancshares
EQBK
$1.04B
| $32.1M | 3.83% |
1,082,000
+101,000
| +10% | +$3.12M |
|
8
Old Second Bancorp
OSBC
$1.29B
| $31.7M | 3.79% |
2,429,000
+108,000
| +5% | +$1.52M |
|
9
QCR Holdings
QCRH
$1.69B
| $30.3M | 3.63% |
596,000
| – | – |
|
|
10
RBB Bancorp
RBB
$448M
| $28.5M | 3.41% |
1,374,000
+191,000
| +16% | +$4.15M |
|
|
HTB
11
HomeTrust Bancshares
HTB
$860M
| $27.7M | 3.31% |
1,252,000
+293,000
| +31% | +$7.07M |
|
12
Independent Bank Corp
IBCP
$787M
| $25.4M | 3.04% |
1,331,000
| – | – |
|
13
Home Bancorp
HBCP
$561M
| $25.1M | 3% |
643,000
+19,000
| +3% | +$731K |
|
14
Peapack-Gladstone Financial
PGC
$815M
| $21.9M | 2.63% |
652,000
| – | – |
|
|
ESSA
15
DELISTED
ESSA Bancorp
ESSA
| $20M | 2.4% |
1,033,000
+154,000
| +18% | +$2.89M |
|
|
CATC
16
DELISTED
CAMBRIDGE BANCORP
CATC
| $19.3M | 2.31% |
242,000
| – | – |
|
17
Pioneer Bancorp
PBFS
$432M
| $17.8M | 2.13% |
1,875,000
| – | – |
|
18
Southern Missouri Bancorp
SMBC
$852M
| $17.6M | 2.11% |
346,000
| – | – |
|
19
Mid Penn Bancorp
MPB
$971M
| $15.5M | 1.85% |
538,000
| – | – |
|
20
Univest Financial
UVSP
$1.22B
| $14.3M | 1.7% |
607,000
-35,000
| -5% | -$884K |
|
|
LBAI
21
DELISTED
Lakeland Bancorp Inc
LBAI
| $13.8M | 1.65% |
863,000
-2,201,000
| -72% | -$35.1M |
|
22
Riverview Bancorp
RVSB
$107M
| $13.8M | 1.65% |
2,174,000
| – | – |
|
23
Southern First Bancshares
SFST
$591M
| $13.7M | 1.64% |
329,000
-197,000
| -37% | -$8.71M |
|
|
24
Banc of California
BANC
$3.03B
| $13.5M | 1.61% |
845,000
-907,000
| -52% | -$15.8M |
|
|
OPOF
25
DELISTED
Old Point Financial
OPOF
| $12.6M | 1.51% |
454,000
-43,000
| -9% | -$1.06M |
|
Similar funds
CCG
KWM
I
TOCUITCONY
PCM
SFM
MFWM
BFFIM
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.