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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
+4.43%
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
$943M
AUM Growth
-$23.2M
(-2.4%)
Cap. Flow
-$64.5M
Cap. Flow
% of AUM
-6.84%
Top 10 Holdings %
Top 10 Hldgs %
45.64%
Holding
155
New
44
Increased
38
Reduced
40
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seacoast Banking Corp of Florida
SBCF
|
+$18.8M |
| 2 |
Banc of California
BANC
|
+$13.5M |
| 3 |
SouthState Bank Corp
SSB
|
+$12.8M |
| 4 |
Towne Bank
TOWN
|
+$10M |
| 5 |
Community Bank
CBU
|
+$9.16M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Interstate BancSystem
FIBK
|
+$25.5M |
| 2 |
Home Bancorp
HBCP
|
+$19.9M |
| 3 |
CMA
Comerica
CMA
|
+$19.6M |
| 4 |
SBT
Sterling Bancorp, Inc. Common Stock
SBT
|
+$19.4M |
| 5 |
FVCBankcorp
FVCB
|
+$11.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 94.83% |
| 2 | Real Estate | 4.03% |
| 3 | Consumer Discretionary | 0.91% |
| 4 | Technology | 0.22% |
| 5 | Healthcare | 0.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HTB
1
HomeTrust Bancshares
HTB
$818M
| $64.8M | 6.87% |
1,732,877
| – | – |
|
|
2
SouthState Bank Corp
SSB
$10.4B
| $64.6M | 6.85% |
702,355
+146,129
| +26% | +$12.8M |
|
3
Equity Bancshares
EQBK
$1.03B
| $45.9M | 4.87% |
1,126,096
-80,475
| -7% | -$3.12M |
|
4
Western Alliance Bancorporation
WAL
$9.07B
| $42.8M | 4.54% |
549,146
+106,639
| +24% | +$7.66M |
|
5
Independent Bank
INDB
$4.05B
| $40.8M | 4.33% |
649,320
+135,751
| +26% | +$8.25M |
|
6
Ameris Bancorp
ABCB
$5.9B
| $39M | 4.13% |
602,320
-182,968
| -23% | -$10.8M |
|
7
Webster Financial
WBS
$12.3B
| $37.1M | 3.94% |
679,914
+35,926
| +6% | +$1.79M |
|
8
Old Second Bancorp
OSBC
$1.24B
| $32.6M | 3.46% |
1,837,333
+26,613
| +1% | +$434K |
|
|
9
Seacoast Banking Corp of Florida
SBCF
$3.26B
| $31.9M | 3.38% |
1,154,434
+762,505
| +195% | +$18.8M |
|
10
Southern First Bancshares
SFST
$582M
| $30.7M | 3.26% |
807,223
| – | – |
|
11
RBB Bancorp
RBB
$446M
| $30.4M | 3.22% |
1,766,083
+10,077
| +0.6% | +$164K |
|
|
LNKB
12
DELISTED
LINKBANCORP
LNKB
| $27.3M | 2.89% |
3,728,660
| – | – |
|
|
HTBK
13
DELISTED
Heritage Commerce
HTBK
| $23.3M | 2.47% |
2,344,722
-20,102
| -0.9% | -$184K |
|
14
Zions Bancorporation
ZION
$10.1B
| $23M | 2.44% |
442,549
+14,125
| +3% | +$663K |
|
|
MOFG
15
DELISTED
MidWestOne Financial Group
MOFG
| $22M | 2.34% |
766,202
+18,746
| +3% | +$529K |
|
16
Independent Bank Corp
IBCP
$776M
| $21.5M | 2.28% |
664,680
-18,476
| -3% | -$573K |
|
17
QCR Holdings
QCRH
$1.65B
| $20.1M | 2.14% |
296,530
-4,675
| -2% | -$312K |
|
18
Southern California Bancorp
BCAL
$676M
| $20M | 2.13% |
1,271,636
+213,711
| +20% | +$3.05M |
|
|
19
Banc of California
BANC
$3.28B
| $19.2M | 2.03% |
1,365,440
+992,154
| +266% | +$13.5M |
|
20
Southern Missouri Bancorp
SMBC
$855M
| $15.5M | 1.64% |
282,942
-69,163
| -20% | -$3.61M |
|
|
21
Community Bank
CBU
$3.53B
| $15.4M | 1.63% |
270,197
+165,069
| +157% | +$9.16M |
|
|
ESSA
22
DELISTED
ESSA Bancorp
ESSA
| $13.3M | 1.41% |
684,979
-199,215
| -23% | -$3.68M |
|
23
Old National Bancorp
ONB
$10.1B
| $13.2M | 1.4% |
617,226
+319,135
| +107% | +$6.6M |
|
|
24
Towne Bank
TOWN
$3.35B
| $10.3M | 1.09% |
+301,231
| New | +$10M |
|
25
First Busey Corp
BUSE
$2.52B
| $9.39M | 1% |
410,186
+7,586
| +2% | +$164K |
|
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FJ Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, FJ Capital Management held 155 positions worth $943M, down 2.4% from $966M the previous quarter. Its ten largest holdings account for 46% of the portfolio.
FJ Capital Management withdrew a net $64.5M in Q2 2025, closing 27 positions and reducing 40 holdings. Its most notable exit was First Interstate BancSystem, an estimated $25.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 95% of assets, down from 96% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, FJ Capital Management opened a new position in Towne Bank worth $10.3M.
- FJ Capital Management's largest Q2 2025 buy was Towne Bank: 301,231 shares worth $10.3M.
- FJ Capital Management added most to Seacoast Banking Corp of Florida in Q2 2025, an estimated $18.8M increase.
- FJ Capital Management's biggest Q2 2025 reduction was Home Bancorp, cutting an estimated $19.9M.
- FJ Capital Management fully exited First Interstate BancSystem in Q2 2025, selling an estimated $25.5M.
- FJ Capital Management's ten largest holdings make up 46% of its $943M portfolio in Q2 2025.
- FJ Capital Management opened 44 new positions and closed 27 in Q2 2025.
- FJ Capital Management's portfolio value fell 2.4% quarter-over-quarter to $943M.
Based on FJ Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.