FJ Capital Management LLC

13F filer · CIK 0001599170

Reported Aug 14, 2026

Net seller this quarter

13F portfolio value$770MU.S. long equity reported on 13F

Positions11847 new · 53 closed

Net flow last quarter-$260MBuys minus sells

Top 10 positions weight52.4%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 2026118 positions
SFSTSouthern First Bancshares Inc	$54.5M	7.08%	9.42%	+10.5%	Q4 2014
EQBKEquity Bancshares Inc	$47.1M	6.11%	4.66%	+4.4%	Q4 2015
NICNicolet Bankshares Inc	$45.9M	5.95%	1.32%	-9.5%	Q3 2025
SSBSouthState Bank Corp	$43.9M	5.69%	0.45%	-43.6%	Q2 2020
BCALCalifornia BanCorp \ CA	$42.8M	5.56%	6.40%	Not reported	Q2 2023
HTBHomeTrust Bancshares, Inc.	$41.9M	5.43%	5.02%	-46.0%	Q4 2013
OSBCOld Second Bancorp Inc	$34.1M	4.42%	2.87%	-3.0%	Q2 2014
SBCFSeacoast Banking Corp of Florida	$33.5M	4.34%	1.04%	+11.1%	Q4 2013
FRMEFirst Merchants Corp	$31.1M	4.03%	1.14%	Not reported	Q3 2019
CVBFCVB Financial Corp	$29.2M	3.79%	0.73%	+52.1%	Q3 2018
BOHBank of Hawaii Corp	$25.5M	3.31%	0.79%	New	Q2 2026
HBNCHorizon Bancorp Inc	$24.9M	3.23%	2.43%	-3.5%	Q3 2016
HBANHuntington Bancshares Inc	$24.2M	3.14%	0.07%	+22.1%	Q2 2018
TFCTruist Financial Corp	$22.2M	2.89%	0.04%	New	Q2 2026
UMBFUmb Financial Corp	$18.2M	2.36%	0.17%	+191.5%	Q1 2024
CBNAChain Bridge Bancorp Inc	$12.4M	1.60%	Not reported	Not reported	Q4 2024
AVBCAvidia Bancorp, Inc.	$10.4M	1.35%	2.48%	Not reported	Q3 2023
LPLALPL Financial Holdings Inc.	$8.44M	1.10%	0.04%	Not reported	Q4 2017
NLYAnnaly Capital Management Inc	$8.21M	1.07%	0.05%	+127.6%	Q3 2015
HWBKHawthorn Bancshares, Inc.	$7.49M	0.97%	2.77%	Not reported	Q3 2018
IBCPIndependent Bank Corp	$7.34M	0.95%	0.99%	Not reported	Q4 2013
WFCWells Fargo & Company	$6.68M	0.87%	0.00%	Not reported	Q1 2025
AHRAmerican Healthcare REIT, Inc.	$6.64M	0.86%	0.07%	+117.4%	Q2 2024
FAFFirst American Financial Corp	$6.29M	0.82%	0.09%	Not reported	Q4 2024
SYBTStock Yards Bancorp, Inc.	$6.22M	0.81%	0.26%	-12.4%	Q4 2025
JLLJones Lang Lasalle Inc	$5.84M	0.76%	0.04%	-40.9%	Q4 2023
FCFSFirstCash Holdings, Inc.	$4.91M	0.64%	0.05%	+313.1%	Q1 2025
SKYChampion Homes, Inc.	$4.44M	0.58%	0.09%	Not reported	Q4 2025
MIAXMiami International Holdings, Inc.	$4.43M	0.58%	0.12%	New	Q2 2026
HYNEHoyne Bancorp, Inc.	$4.37M	0.57%	3.22%	Not reported	Q4 2025
WELLWelltower Inc.	$4.33M	0.56%	0.00%	-0.9%	Q4 2022
MKTXMarketaxess Holdings Inc	$4.23M	0.55%	0.11%	Not reported	Q2 2024
CNOCNO Financial Group, Inc.	$4.18M	0.54%	0.09%	-37.7%	Q4 2024
HTGCHercules Capital, Inc.	$3.93M	0.51%	0.13%	-10.3%	Q2 2017
CMECme Group Inc.	$3.92M	0.51%	0.01%	Not reported	Q2 2025
XZOExzeo Group, Inc.	$3.78M	0.49%	0.25%	-67.2%	Q4 2025
ECPGEncore Capital Group Inc	$3.56M	0.46%	0.18%	-6.4%	Q3 2019
RGAReinsurance Group of America Inc	$3.42M	0.44%	0.02%	+65.4%	Q3 2017
TOLToll Brothers, Inc.	$3.14M	0.41%	0.02%	+60.4%	Q4 2021
ETOReToro Group Ltd.	$2.88M	0.37%	Not reported	Not reported	Q4 2025
MAINMain Street Capital CORP	$2.75M	0.36%	0.06%	-21.6%	Q4 2022
FRFirst Industrial Realty Trust Inc	$2.71M	0.35%	0.03%	+3.9%	Q3 2024
AJGArthur J. Gallagher & Co.	$2.66M	0.34%	0.00%	Not reported	Q4 2021
CTOCTO Realty Growth, Inc.	$2.6M	0.34%	0.32%	+3.9%	Q4 2025
MSIFMSC Income Fund, Inc.	$2.39M	0.31%	0.45%	+20.6%	Q1 2026
ABCBAmeris Bancorp	$2.38M	0.31%	0.04%	-80.4%	Q1 2015
UDRUDR, Inc.	$2.37M	0.31%	0.02%	New	Q2 2026
IVTInvenTrust Properties Corp.	$2.36M	0.31%	0.09%	-40.6%	Q3 2025
HLIHoulihan Lokey, Inc.	$2.35M	0.30%	2.98%	Not reported	Q2 2025
BRXBrixmor Property Group Inc.	$2.24M	0.29%	0.02%	+52.1%	Q3 2025

Q1 2026Reported May 15, 2026124 positions
SSBSouthState Bank Corp	$72M	8.11%	0.80%	-4.2%	Q2 2020
HTBHomeTrust Bancshares, Inc.	$66.3M	7.46%	9.25%	-8.2%	Q4 2013
NICNicolet Bankshares Inc	$45.5M	5.13%	1.44%	+1400.3%	Q3 2025
SFSTSouthern First Bancshares Inc	$44M	4.95%	9.79%	Not reported	Q4 2014
EQBKEquity Bancshares Inc	$40.9M	4.61%	4.83%	-24.9%	Q4 2015
BCALCalifornia BanCorp \ CA	$36.4M	4.10%	6.39%	+61.6%	Q2 2023
EBCEastern Bankshares, Inc.	$34.1M	3.84%	0.75%	+87.9%	Q4 2020
RBBRBB Bancorp	$32.3M	3.64%	8.85%	Not reported	Q3 2017
OSBCOld Second Bancorp Inc	$30.3M	3.42%	2.91%	-17.7%	Q2 2014
FRMEFirst Merchants Corp	$27.6M	3.10%	1.14%	+12.3%	Q3 2019
SBCFSeacoast Banking Corp of Florida	$27.4M	3.09%	0.93%	-33.5%	Q4 2013
HBNCHorizon Bancorp Inc	$21.4M	2.41%	2.52%	+19.1%	Q3 2016
HBANHuntington Bancshares Inc	$17.5M	1.97%	0.06%	Not reported	Q2 2018
BKUBankUnited, Inc.	$17.2M	1.94%	0.52%	New	Q1 2026
CVBFCVB Financial Corp	$16.5M	1.86%	0.63%	+209.5%	Q3 2018
ONBOld National Bancorp	$15.8M	1.78%	0.19%	Not reported	Q2 2016
SMBCSouthern Missouri Bancorp, Inc.	$12.9M	1.46%	1.82%	-32.7%	Q4 2013
INDBIndependent Bank Corp	$12.5M	1.40%	0.34%	-28.1%	Q1 2025
NTRSNorthern Trust Corp	$11M	1.24%	0.04%	New	Q1 2026
ABCBAmeris Bancorp	$10.5M	1.18%	0.20%	Not reported	Q1 2015
CBNAChain Bridge Bancorp Inc	$10.3M	1.15%	Not reported	Not reported	Q4 2024
XZOExzeo Group, Inc.	$10M	1.13%	0.75%	+186.9%	Q4 2025
AVBCAvidia Bancorp, Inc.	$9.78M	1.10%	2.48%	Not reported	Q3 2023
JLLJones Lang Lasalle Inc	$9.7M	1.09%	0.07%	+170.8%	Q4 2023
BACBank of America Corp	$9.23M	1.04%	0.00%	Not reported	Q3 2025
MSMorgan Stanley	$9.23M	1.04%	0.00%	-25.0%	Q2 2025
WSBCWesbanco Inc	$8.41M	0.95%	0.25%	-29.8%	Q3 2020
JMSBJohn Marshall Bancorp, Inc.	$8.36M	0.94%	2.90%	-0.2%	Q3 2023
CFGCitizens Financial Group Inc	$7.55M	0.85%	0.03%	Not reported	Q4 2017
IBCPIndependent Bank Corp	$6.78M	0.76%	0.99%	-47.1%	Q4 2013
HWBKHawthorn Bancshares, Inc.	$6.43M	0.72%	2.76%	Not reported	Q3 2018
SYBTStock Yards Bancorp, Inc.	$6.15M	0.69%	0.31%	+1362.0%	Q4 2025
SFBSServisFirst Bancshares, Inc.	$5.82M	0.66%	0.15%	Not reported	Q2 2014
SCHWSchwab Charles Corp	$5.82M	0.65%	0.00%	Not reported	Q3 2017
HCIHCI Group, Inc.	$5.76M	0.65%	0.29%	+96.1%	Q1 2023
VIRTVirtu Financial, Inc.	$5.53M	0.62%	Not reported	Not reported	Q1 2021
PLMRPalomar Holdings, Inc.	$5.43M	0.61%	0.17%	+1075.8%	Q3 2024
AMTBAmerant Bancorp Inc.	$5.42M	0.61%	0.62%	New	Q1 2026
CNOCNO Financial Group, Inc.	$5.41M	0.61%	0.14%	+237.1%	Q4 2024
USBUS Bancorp \de\	$5.1M	0.57%	0.01%	-73.7%	Q1 2025
UMBFUmb Financial Corp	$4.93M	0.56%	0.06%	+64.8%	Q1 2024
ESNTEssent Group Ltd.	$4.38M	0.49%	0.08%	Not reported	Q1 2018
PHMPultegroup Inc	$4.2M	0.47%	0.02%	+14.9%	Q2 2021
SKWDSkyward Specialty Insurance Group, Inc.	$4.12M	0.46%	0.21%	-34.8%	Q3 2024
HTGCHercules Capital, Inc.	$4.1M	0.46%	0.15%	+63.4%	Q2 2017
OMFOneMain Holdings, Inc.	$4.05M	0.46%	0.07%	Not reported	Q1 2018
THGHanover Insurance Group, Inc.	$3.91M	0.44%	0.06%	-39.8%	Q2 2017
WELLWelltower Inc.	$3.81M	0.43%	0.00%	-8.1%	Q4 2022
HYNEHoyne Bancorp, Inc.	$3.78M	0.43%	3.22%	Not reported	Q4 2025
DLRDigital Realty Trust, Inc.	$3.75M	0.42%	0.01%	+286.4%	Q2 2025

Q4 2025Reported Feb 13, 2026126 positions
SSBSouthState Bank Corp	$76.5M	8.45%	0.82%	+54.0%	Q2 2020
HTBHomeTrust Bancshares, Inc.	$72.7M	8.03%	9.80%	+0.8%	Q4 2013
EQBKEquity Bancshares Inc	$54.7M	6.04%	6.43%	+0.2%	Q4 2015
SBCFSeacoast Banking Corp of Florida	$42.8M	4.72%	1.39%	+12.5%	Q4 2013
SFSTSouthern First Bancshares Inc	$41.6M	4.59%	9.83%	Not reported	Q4 2014
WALWestern Alliance Bancorporation	$36.4M	4.02%	0.39%	+146.7%	Q2 2022
OSBCOld Second Bancorp Inc	$35.7M	3.94%	3.47%	-4.7%	Q2 2014
RBBRBB Bancorp	$31.2M	3.44%	8.86%	Not reported	Q3 2017
MOFGMIdWestOne Financial Group, Inc.	$30.7M	3.39%	3.87%	+0.1%	Q1 2017
WBSWebster Financial Corp	$24.2M	2.67%	0.24%	-38.4%	Q4 2021
FRMEFirst Merchants Corp	$23.7M	2.62%	1.11%	+115.0%	Q3 2019
BCALCalifornia BanCorp \ CA	$23.7M	2.62%	3.92%	Not reported	Q2 2023
USBUS Bancorp \de\	$19.9M	2.20%	0.02%	+7.3%	Q1 2025
HBNCHorizon Bancorp Inc	$18.4M	2.03%	2.12%	+309.5%	Q3 2016
SMBCSouthern Missouri Bancorp, Inc.	$17.8M	1.96%	2.69%	Not reported	Q4 2013
EBCEastern Bankshares, Inc.	$17.1M	1.89%	0.39%	-5.1%	Q4 2020
INDBIndependent Bank Corp	$16.8M	1.86%	0.47%	-39.1%	Q1 2025
ONBOld National Bancorp	$16M	1.77%	0.18%	-7.8%	Q2 2016
ZIONZions Bancorporation, National Association	$14M	1.55%	0.16%	-10.8%	Q3 2015
MSMorgan Stanley	$13.3M	1.47%	0.00%	Not reported	Q2 2025
IBCPIndependent Bank Corp	$12.5M	1.38%	1.87%	-30.0%	Q4 2013
WSBCWesbanco Inc	$11.5M	1.27%	0.36%	-47.0%	Q3 2020
QCRHQCR Holdings Inc	$11.1M	1.22%	0.80%	-39.6%	Q2 2015
CBNAChain Bridge Bancorp Inc	$10.2M	1.12%	Not reported	Not reported	Q4 2024
AVBCAvidia Bancorp, Inc.	$8.36M	0.92%	2.48%	Not reported	Q3 2023
JMSBJohn Marshall Bancorp, Inc.	$8.25M	0.91%	2.91%	-4.0%	Q3 2023
SKWDSkyward Specialty Insurance Group, Inc.	$7.4M	0.82%	0.36%	+468.3%	Q3 2024
SFStifel Financial Corp	$7.32M	0.81%	0.06%	+125.2%	Q3 2024
NMRKNewmark Group, Inc.	$7.26M	0.80%	Not reported	+402.5%	Q4 2021
THGHanover Insurance Group, Inc.	$6.84M	0.76%	0.11%	-43.1%	Q2 2017
HWBKHawthorn Bancshares, Inc.	$6.65M	0.73%	2.76%	Not reported	Q3 2018
XZOExzeo Group, Inc.	$5.77M	0.64%	0.26%	New	Q4 2025
CINFCincinnati Financial Corp	$5.36M	0.59%	0.02%	-26.5%	Q3 2023
CMECme Group Inc.	$5.24M	0.58%	0.01%	+255.8%	Q2 2025
CVBFCVB Financial Corp	$5.12M	0.56%	0.20%	Not reported	Q3 2018
AKRAcadia Realty Trust	$5.09M	0.56%	0.19%	+20.7%	Q4 2023
LNKBLINKBANCORP, Inc.	$4.93M	0.54%	1.59%	-80.1%	Q3 2022
GLGlobe Life Inc.	$4.9M	0.54%	0.04%	+35.8%	Q2 2024
RGAReinsurance Group of America Inc	$4.75M	0.52%	0.04%	+4.0%	Q3 2017
RPCRidgepost Capital, Inc.	$4.49M	0.50%	0.73%	+193.6%	Q3 2023
TCBKTrico Bancshares /	$4.38M	0.48%	0.29%	Not reported	Q4 2014
GABCGerman American Bancorp, Inc.	$4.27M	0.47%	0.29%	-3.2%	Q4 2018
WLTHWealthfront Corp	$4.27M	0.47%	0.72%	New	Q4 2025
LXPLXP Industrial Trust	$4.14M	0.46%	0.14%	+5.8%	Q3 2025
JLLJones Lang Lasalle Inc	$3.96M	0.44%	0.03%	-53.5%	Q4 2023
WELLWelltower Inc.	$3.89M	0.43%	0.00%	-27.3%	Q4 2022
HYNEHoyne Bancorp, Inc.	$3.78M	0.42%	3.22%	New	Q4 2025
PFSIPennyMac Financial Services, Inc.	$3.77M	0.42%	0.05%	-44.6%	Q1 2020
ETOReToro Group Ltd.	$3.68M	0.41%	Not reported	New	Q4 2025
MKTXMarketaxess Holdings Inc	$3.67M	0.41%	0.06%	Not reported	Q2 2024

Q3 2025Reported Nov 14, 2025140 positions
HTBHomeTrust Bancshares, Inc.	$68.8M	7.35%	9.59%	-3.0%	Q4 2013
SSBSouthState Bank Corp	$52.2M	5.57%	0.52%	-24.8%	Q2 2020
EQBKEquity Bancshares Inc	$49.8M	5.31%	6.36%	+8.6%	Q4 2015
WBSWebster Financial Corp	$37.1M	3.96%	0.38%	-8.2%	Q4 2021
SBCFSeacoast Banking Corp of Florida	$36.8M	3.93%	1.38%	+4.8%	Q4 2013
SFSTSouthern First Bancshares Inc	$35.6M	3.80%	9.86%	Not reported	Q4 2014
OSBCOld Second Bancorp Inc	$33.2M	3.54%	3.65%	+4.5%	Q2 2014
RBBRBB Bancorp	$28.4M	3.03%	8.87%	-14.4%	Q3 2017
INDBIndependent Bank Corp	$26.2M	2.80%	0.76%	-41.7%	Q1 2025
MOFGMIdWestOne Financial Group, Inc.	$22.5M	2.41%	3.86%	+4.0%	Q1 2017
LNKBLINKBANCORP, Inc.	$21.4M	2.28%	8.01%	-19.6%	Q3 2022
BCALCalifornia BanCorp \ CA	$21.2M	2.26%	3.92%	Not reported	Q2 2023
WSBCWesbanco Inc	$20.9M	2.23%	0.68%	+771.4%	Q3 2020
EBCEastern Bankshares, Inc.	$17.7M	1.89%	0.46%	Not reported	Q4 2020
ONBOld National Bancorp	$17.1M	1.82%	0.20%	+25.9%	Q2 2016
IBCPIndependent Bank Corp	$17M	1.82%	2.66%	-17.2%	Q4 2013
USBUS Bancorp \de\	$16.8M	1.80%	0.02%	+131.0%	Q1 2025
QCRHQCR Holdings Inc	$16.7M	1.78%	1.31%	-25.8%	Q2 2015
SMBCSouthern Missouri Bancorp, Inc.	$15.8M	1.69%	2.67%	+6.4%	Q4 2013
WALWestern Alliance Bancorporation	$15.2M	1.62%	0.16%	-68.1%	Q2 2022
ZIONZions Bancorporation, National Association	$15.2M	1.62%	0.18%	-39.4%	Q3 2015
THGHanover Insurance Group, Inc.	$12M	1.28%	0.18%	+139.1%	Q2 2017
FFWMFirst Foundation Inc.	$11.5M	1.22%	2.49%	+39.2%	Q3 2015
BACBank of America Corp	$11.2M	1.19%	0.00%	New	Q3 2025
FRMEFirst Merchants Corp	$11.1M	1.19%	0.52%	Not reported	Q3 2019
PBProsperity Bancshares Inc	$9.62M	1.03%	0.15%	Not reported	Q2 2024
CBNAChain Bridge Bancorp Inc	$9.62M	1.03%	Not reported	Not reported	Q4 2024
MBINMerchants Bancorp	$9.45M	1.01%	0.65%	+24.6%	Q4 2017
JMSBJohn Marshall Bancorp, Inc.	$8.52M	0.91%	3.02%	+4.0%	Q3 2023
BUSEFirst Busey Corp	$8.47M	0.90%	0.41%	-10.8%	Q1 2025
STTState Street Corp	$7.89M	0.84%	0.02%	Not reported	Q4 2018
MHOM/I Homes, Inc.	$7.74M	0.83%	0.20%	Not reported	Q3 2021
FAFFirst American Financial Corp	$7.62M	0.81%	0.12%	Not reported	Q4 2024
JLLJones Lang Lasalle Inc	$7.55M	0.81%	0.05%	+13.2%	Q4 2023
AVBCAvidia Bancorp, Inc.	$7.43M	0.79%	2.48%	Not reported	Q3 2023
SCHWSchwab Charles Corp	$7.32M	0.78%	0.00%	Not reported	Q3 2017
MCYMercury General Corp	$7.09M	0.76%	0.15%	+119.6%	Q2 2025
CINFCincinnati Financial Corp	$7.06M	0.75%	0.03%	+97.2%	Q3 2023
AMTAmerican Tower Corp	$6.74M	0.72%	0.00%	+99.5%	Q2 2019
PFSIPennyMac Financial Services, Inc.	$6.39M	0.68%	0.10%	Not reported	Q1 2020
TMHCTaylor Morrison Home Corp	$5.93M	0.63%	0.09%	+29.2%	Q2 2019
HWBKHawthorn Bancshares, Inc.	$5.92M	0.63%	2.76%	-13.8%	Q3 2018
HCIHCI Group, Inc.	$5.67M	0.61%	0.23%	+163.7%	Q1 2023
WDWalker & Dunlop, Inc.	$5.2M	0.56%	0.19%	Not reported	Q1 2019
WELLWelltower Inc.	$5.14M	0.55%	0.00%	+1.4%	Q4 2022
BROBrown & Brown, Inc.	$4.49M	0.48%	0.01%	+33.0%	Q2 2023
GABCGerman American Bancorp, Inc.	$4.42M	0.47%	0.30%	+1802.7%	Q4 2018
RGAReinsurance Group of America Inc	$4.32M	0.46%	0.03%	+36.3%	Q3 2017
HBNCHorizon Bancorp Inc	$4.24M	0.45%	0.60%	Not reported	Q3 2016
AKRAcadia Realty Trust	$4.13M	0.44%	0.16%	+128.7%	Q4 2023

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