FJ Capital Management LLC: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1599170) · Explore on the interactive board
FJ Capital Management LLC disclosed 120 US equity positions worth $770.4m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is SFST at 7.1% of the reported book, followed by EQBK, NIC. The top ten holdings are 53.4% of the book, and the portfolio behaves like about 27 equal-weight positions. Versus the prior filing it opened 47 new positions, added to 30, reduced 27 and exited 25. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does FJ Capital Management LLC own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 47 new, 30 added, 27 reduced, 25 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | SFST SOUTHERN FIRST BANCSHARES | Financial Services | 7.1% | $54.5m | 892,223 | 11% | added |
| 2 | EQBK EQUITY BANCSHARES | Financial Services | 6.1% | $47.1m | 961,492 | 4% | added |
| 3 | NIC NICOLET BANKSHARES | Financial Services | 6.0% | $45.9m | 277,243 | -10% | reduced |
| 4 | SSB SOUTHSTATE BANK | Financial Services | 5.7% | $43.9m | 438,973 | -44% | reduced |
| 5 | BCAL CALIFORNIA BANCORP | 5.6% | $42.8m | 2,054,534 | 0% | held | |
| 6 | HTB HOMETRUST BANCSHARES | Financial Services | 5.4% | $41.9m | 839,115 | -46% | reduced |
| 7 | TOWN TOWNEBANK | Financial Services | 4.7% | $36.5m | 1,008,071 | 80% | added |
| 8 | OSBC OLD SECOND BANCORP INC DEL | Financial Services | 4.4% | $34.1m | 1,460,413 | -3% | reduced |
| 9 | SBCF SEACOAST BANKING OF FLORIDA | 4.3% | $33.5m | 1,006,363 | 11% | added | |
| 10 | FRME FIRST MERCHANTS | Financial Services | 4.0% | $31.1m | 711,425 | 0% | held |
| 11 | CVBF CVB FINL CORP | Financial Services | 3.8% | $29.2m | 1,295,322 | 52% | added |
| 12 | BOH BANK OF HAWAII CORP | Financial Services | 3.3% | $25.5m | 312,693 | – | new |
| 13 | HBNC HORIZON BANCORP | Financial Services | 3.2% | $24.9m | 1,246,550 | -3% | reduced |
| 14 | HBAN HUNTINGTON BANCSHARES | Financial Services | 3.1% | $24.2m | 1,364,029 | 22% | added |
| 15 | TFC TRUIST FINL CORP | Financial Services | 2.9% | $22.2m | 446,477 | – | new |
| 16 | UMBF UMB FINL | Financial Services | 2.4% | $18.2m | 127,486 | 191% | added |
| 17 | CBNA CHAIN BRIDGE BANCORP | 1.6% | $12.4m | 293,788 | 0% | held | |
| 18 | AVBC AVIDIA BANCORP INC | 1.4% | $10.4m | 497,258 | 0% | held | |
| 19 | LPLA LPL FINL HLDGS INC | Financial Services | 1.1% | $8.4m | 29,967 | – | new |
| 20 | NLY ANNALY CAPITAL MGMT | Real Estate | 1.1% | $8.2m | 376,036 | 128% | added |
| 21 | HWBK HAWTHORN BANCSHARES | 1.0% | $7.5m | 190,710 | 0% | held | |
| 22 | IBCP INDEPENDENT BANK MICH | Financial Services | 1.0% | $7.3m | 203,607 | 0% | held |
| 23 | WFC WELLS FARGO & CO | Financial Services | 0.9% | $6.7m | 80,810 | – | new |
| 24 | AHR AMERICAN HEALTHCARE REIT | Real Estate | 0.9% | $6.6m | 127,389 | 117% | added |
| 25 | FAF FIRST AMERICAN FINL CORP | Financial Services | 0.8% | $6.3m | 91,643 | – | new |
| 26 | SYBT STOCK YARDS BANCORP | Financial Services | 0.8% | $6.2m | 81,359 | -12% | reduced |
| 27 | JLL JONES LANG LASALLE | Real Estate | 0.8% | $5.8m | 18,851 | -41% | reduced |
| 28 | FCFS FIRSTCASH HLDGS | Financial Services | 0.6% | $4.9m | 22,683 | 313% | added |
| 29 | SKY CHAMPION HOMES INC | Consumer Cyclical | 0.6% | $4.4m | 50,348 | – | new |
| 30 | MIAX MIAMI INTL HLDGS INC | Financial Services | 0.6% | $4.4m | 119,299 | – | new |
| 31 | HYNE HOYNE BANCORP | 0.6% | $4.4m | 261,000 | 0% | held | |
| 32 | WELL WELLTOWER | Real Estate | 0.6% | $4.3m | 19,095 | -1% | reduced |
| 33 | MKTX MARKETAXESS HLDGS INC | Financial Services | 0.5% | $4.2m | 37,237 | – | new |
| 34 | CNO CNO FINL GROUP | Financial Services | 0.5% | $4.2m | 82,078 | -38% | reduced |
| 35 | HTGC HERCULES CAPITAL INC | 0.5% | $3.9m | 249,039 | -10% | reduced | |
| 36 | CME CME GROUP INC | Financial Services | 0.5% | $3.9m | 17,754 | – | new |
| 37 | XZO EXZEO GROUP | 0.5% | $3.8m | 223,788 | -67% | reduced | |
| 38 | ECPG ENCORE CAPITAL GROUP INC | Financial Services | 0.5% | $3.6m | 38,144 | -6% | reduced |
| 39 | RGA REINSURANCE GROUP OF AMERICA | Financial Services | 0.4% | $3.4m | 16,077 | 65% | added |
| 40 | TOL TOLL BROTHERS | Consumer Cyclical | 0.4% | $3.1m | 19,047 | 60% | added |
| 41 | ETOR ETORO GROUP LTD | Financial Services | 0.4% | $2.9m | 73,077 | – | new |
| 42 | MAIN MAIN STREET CAPITAL | 0.4% | $2.8m | 53,085 | -22% | reduced | |
| 43 | FR FIRST INDL RLTY TR | Real Estate | 0.4% | $2.7m | 44,161 | 4% | added |
| 44 | AJG ARTHUR J GALLAGHER & CO | Financial Services | 0.3% | $2.7m | 11,571 | – | new |
| 45 | CTO CTO RLTY GROWTH INC NEW | 0.3% | $2.6m | 120,922 | 4% | added | |
| 46 | MSC INCOME FUND | 0.3% | $2.4m | 206,254 | 21% | added | |
| 47 | ABCB AMERIS BANCORP | Financial Services | 0.3% | $2.4m | 26,377 | -80% | reduced |
| 48 | UDR UDR INC | Real Estate | 0.3% | $2.4m | 59,259 | – | new |
| 49 | IVT INVENTRUST PPTYS | 0.3% | $2.4m | 66,542 | -41% | reduced | |
| 50 | HLI HOULIHAN LOKEY | Financial Services | 0.3% | $2.3m | 17,497 | – | new |
What did FJ Capital Management LLC sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| EBC EASTERN BANKSHARES | 12.7% | $34.1m |
| RBB RBB BANCORP | 12.0% | $32.3m |
| BKU BANKUNITED | 6.4% | $17.2m |
| ONB OLD NATIONAL BANCORP | 5.9% | $15.8m |
| SMBC SOUTHERN MISSOURI BANCORP | 4.8% | $12.9m |
| INDB INDEPENDENT BANK GROUP MA | 4.6% | $12.5m |
| NTRS NORTHERN TR | 4.1% | $11.0m |
| BAC BANK OF AMERICA | 3.4% | $9.2m |
| MS MORGAN STANLEY | 3.4% | $9.2m |
| WSBC WESBANCO | 3.1% | $8.4m |
| JMSB JOHN MARSHALL BANCORP | 3.1% | $8.4m |
| CFG CITIZENS FINL GROUP | 2.8% | $7.6m |
| SFBS SERVISFIRST BANCSHARES | 2.2% | $5.8m |
| SCHW CHARLES SCHWAB | 2.2% | $5.8m |
| VIRT VIRTU FINL CL A | 2.1% | $5.5m |
| PLMR PALOMAR HLDGS | 2.0% | $5.4m |
| AMTB AMERANT BANCORP CL A | 2.0% | $5.4m |
| USB U S BANCORP | 1.9% | $5.1m |
| ESNT ESSENT GROUP | 1.6% | $4.4m |
| PHM PULTEGROUP | 1.6% | $4.2m |
| OMF ONEMAIN HLDGS | 1.5% | $4.1m |
| DLR DIGITAL RLTY TR | 1.4% | $3.8m |
| NDAQ NASDAQ | 1.3% | $3.6m |
| EQIX EQUINIX | 1.3% | $3.5m |
| EGBN EAGLE BANCORP | 1.2% | $3.2m |
Sector mix
| Sector | Weight |
|---|---|
| Financial Services | 74.7% |
| Real Estate | 6.2% |
| Consumer Cyclical | 1.0% |
| Technology | 0.6% |
| Healthcare | 0.1% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is FJ Capital Management LLC's portfolio?
Across every quarter FJ Capital Management LLC has filed, its median largest position is 7.6% of the book and its median top-ten weight is 50.9%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 53.0 completed holding spells, the median lasted 1.0 quarters; 120.0 positions are still open and their final length is unknown.