FJ Capital Management LLC
Filing Date
Global Rank
#1,914
/ 8,622
▲ 60
· as of Mar 2026
Top Industry
Banks - Regional
78.4%
3Y Alpha vs SPY
+3.0%
Period ended 4 months ago
Filed May 15, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+81.2%
SPY
+67.9%
Annualised alpha
+3.1%
Max drawdown
−23.2%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
125 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
8.3%
−0.5 pts
Top 5
30.9%
−2.4 pts
Top 10
49.4%
−1.4 pts
HHI
329
Diversified−27
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 92.4% | $803,590,893 |
| Real Estate | 6.4% | $55,339,445 |
| Consumer Cyclical | 0.7% | $5,821,355 |
| Healthcare | 0.3% | $2,403,291 |
| Technology | 0.2% | $1,931,493 |
| Industrials | 0.0% | $204,995 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| EBC | Eastern Bankshares, Inc. | +815,023 | 1,741,864 | $34,070,859 | |
| BCAL | California BanCorp \ CA | +782,898 | 2,054,534 | $36,406,342 | |
| CVBF | Cvb Financial Corp | +576,294 | 851,426 | $16,509,150 | |
| XZO | Exzeo Group, Inc. | +444,584 | 682,440 | $10,011,394 | |
| NIC | Nicolet Bankshares Inc | +285,960 | 306,381 | $45,534,344 | |
| HBNC | Horizon Bancorp Inc /In/ | +207,368 | 1,291,208 | $21,395,316 | |
| BXMT | Blackstone Mortgage Trust, Inc. | +128,911 | 160,596 | $3,075,413 | |
| HTGC | Hercules Capital, Inc. | +107,682 | 277,666 | $4,101,126 | |
| NLY | Annaly Capital Management Inc | +92,764 | 165,250 | $3,495,037 | |
| CNO | CNO Financial Group, Inc. | +92,616 | 131,679 | $5,406,739 | |
| SYBT | Stock Yards Bancorp, Inc. | +86,498 | 92,849 | $6,154,960 | |
| FRME | First Merchants Corp | +77,757 | 711,425 | $27,553,490 | |
| PLMR | Palomar Holdings, Inc. | +41,569 | 45,433 | $5,429,243 | |
| CTO | CTO Realty Growth, Inc. | +26,634 | 116,343 | $2,151,182 | |
| JLL | Jones Lang Lasalle Inc | +20,107 | 31,881 | $9,702,025 | |
| HCI | HCI Group, Inc. | +18,268 | 37,287 | $5,764,943 | |
| UMBF | Umb Financial Corp | +17,191 | 43,740 | $4,933,434 | |
| DLR | Digital Realty Trust, Inc. | +15,438 | 20,829 | $3,753,594 | |
| AXS | Axis Capital Holdings Ltd | +14,911 | 19,825 | $2,010,453 | |
| NP | Neptune Insurance Holdings Inc. | +11,846 | 21,769 | $526,592 | |
| PSTL | Postal Realty Trust, Inc. | +10,440 | 33,921 | $629,573 | |
| AHR | American Healthcare REIT, Inc. | +7,794 | 58,592 | $2,763,198 | |
| DAVE | Dave Inc./DE | +6,460 | 8,280 | $1,441,465 | |
| FHI | Federated Hermes, Inc. | +5,976 | 10,359 | $587,458 | |
| PHM | Pultegroup Inc/Mi/ | +4,644 | 35,719 | $4,200,911 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SBCF | Seacoast Banking Corp Of Florida | −455,624 | 906,053 | $27,444,345 | |
| RPC | Ridgepost Capital, Inc. | −446,367 | 11,107 | $80,636 | |
| OSBC | Old Second Bancorp Inc | −324,563 | 1,505,102 | $30,342,856 | |
| EQBK | Equity Bancshares Inc | −304,613 | 921,074 | $40,904,896 | |
| USB | US Bancorp De | −275,318 | 98,115 | $5,102,961 | |
| IBCP | Independent Bank Corp /Mi/ | −181,481 | 203,607 | $6,780,113 | |
| AKR | Acadia Realty Trust | −140,945 | 106,677 | $2,039,664 | |
| HTB | HomeTrust Bancshares, Inc. | −139,128 | 1,554,425 | $66,296,226 | |
| WSBC | Wesbanco Inc | −103,293 | 243,843 | $8,410,145 | |
| QCRH | Qcr Holdings Inc | −100,297 | 32,601 | $2,785,755 | |
| SMBC | Southern Missouri Bancorp, Inc. | −98,517 | 202,427 | $12,943,182 | |
| INDB | Independent Bank Corp | −64,880 | 165,653 | $12,458,762 | |
| SKWD | Skyward Specialty Insurance Group, Inc. | −50,357 | 94,379 | $4,122,474 | |
| SSB | SouthState Bank Corp | −34,406 | 778,627 | $72,038,570 | |
| VOYA | Voya Financial, Inc. | −31,814 | 3,501 | $239,188 | |
| SPNT | SiriusPoint Ltd | −26,698 | 44,143 | $950,840 | |
| GL | Globe Life Inc. | −24,718 | 10,347 | $1,439,991 | |
| CURB | Curbline Properties Corp. | −23,721 | 24,653 | $635,800 | |
| MS | Morgan Stanley | −18,670 | 56,089 | $9,230,566 | |
| NTST | NETSTREIT Corp. | −18,231 | 10,966 | $206,489 | |
| THG | Hanover Insurance Group, Inc. | −14,892 | 22,535 | $3,906,442 | |
| EQR | Equity Residential | −14,165 | 3,770 | $222,995 | |
| RGA | Reinsurance Group Of America Inc | −13,639 | 9,722 | $1,984,843 | |
| IVT | InvenTrust Properties Corp. | −12,420 | 111,953 | $3,410,088 | |
| ACIW | Aci Worldwide, Inc. | −6,050 | 11,949 | $490,028 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HBAN | Huntington Bancshares Inc /Md/ | 1,116,816 | $17,478,170 | |
| BKU | BankUnited, Inc. | 380,554 | $17,185,818 | |
| NTRS | Northern Trust Corp | 79,026 | $11,029,658 | |
| ABCB | Ameris Bancorp | 134,868 | $10,518,355 | |
| BAC | Bank Of America Corp /De/ | 189,376 | $9,232,080 | |
| CFG | Citizens Financial Group Inc/Ri | 125,939 | $7,552,561 | |
| SFBS | ServisFirst Bancshares, Inc. | 79,906 | $5,819,553 | |
| SCHW | Schwab Charles Corp | 61,883 | $5,815,764 | |
| VIRT | Virtu Financial, Inc. | 125,790 | $5,532,244 | |
| AMTB | Amerant Bancorp Inc. | 245,913 | $5,419,922 | |
| ESNT | Essent Group Ltd. | 75,024 | $4,384,402 | |
| OMF | OneMain Holdings, Inc. | 75,795 | $4,054,274 | |
| NDAQ | Nasdaq, Inc. | 42,372 | $3,596,959 | |
| MAIN | Main Street Capital CORP | 67,667 | $3,583,644 | |
| EQIX | Equinix Inc | 3,563 | $3,492,595 | |
| EGBN | Eagle Bancorp Inc | 126,895 | $3,155,878 | |
| ECPG | Encore Capital Group Inc | 40,732 | $2,856,127 | |
| PNC | Pnc Financial Services Group, Inc. | 12,467 | $2,594,258 | |
| AUB | Atlantic Union Bankshares Corp | 72,243 | $2,581,964 | |
| MSIF | Msc Income Fund, Inc. | 171,058 | $2,083,486 | |
| HOOD | Robinhood Markets, Inc. | 29,263 | $2,027,925 | |
| BEN | Franklin Resources Inc | 85,724 | $2,024,800 | |
| UNM | Unum Group | 26,346 | $1,924,048 | |
| TOL | Toll Brothers, Inc. | 11,874 | $1,620,444 | |
| SNDA | Sonida Senior Living, Inc. | 45,472 | $1,466,472 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| WAL | Western Alliance Bancorporation | 432,672 | $36,374,735 | |
| WBS | Webster Financial Corp | 384,743 | $24,215,724 | |
| ZION | Zions Bancorporation, National Association /Ut/ | 239,124 | $13,998,318 | |
| SF | Stifel Financial Corp | 58,497 | $7,324,994 | |
| NMRK | Newmark Group, Inc. | 418,973 | $7,264,991 | |
| CINF | Cincinnati Financial Corp | 32,836 | $5,362,775 | |
| CME | Cme Group Inc. | 19,187 | $5,239,585 | |
| LNKB | LINKBANCORP, Inc. | 596,930 | $4,930,641 | |
| TCBK | Trico Bancshares / | 92,492 | $4,381,346 | |
| GABC | German American Bancorp, Inc. | 109,019 | $4,271,364 | |
| WLTH | Wealthfront Corp | 314,187 | $4,269,801 | |
| LXP | LXP Industrial Trust | 83,499 | $4,139,880 | |
| PFSI | PennyMac Financial Services, Inc. | 28,562 | $3,765,614 | |
| ETOR | eToro Group Ltd. | 104,861 | $3,683,766 | |
| MKTX | Marketaxess Holdings Inc | 20,252 | $3,670,675 | |
| AII | American Integrity Insurance Group, Inc. | 153,491 | $3,197,217 | |
| MRX | Marex Group Ltd | 81,199 | $3,114,793 | |
| SKY | Champion Homes, Inc. | 35,462 | $2,996,539 | |
| EZPW | Ezcorp Inc | 133,526 | $2,593,074 | |
| CSWC | Capital Southwest Corp | 92,685 | $2,052,972 | |
| MRP | Millrose Properties, Inc. | 53,978 | $1,612,322 | |
| ALRS | Alerus Financial Corp | 67,134 | $1,511,857 | |
| FBP | First Bancorp /Pr/ | 66,625 | $1,381,136 | |
| KINS | Kingstone Companies, Inc. | 78,256 | $1,317,048 | |
| TSLX | Sixth Street Specialty Lending, Inc. | 58,423 | $1,268,947 | |
| No positions match the current search. | ||||
125 tracked positions ·
$869,291,472 total
· as of Mar 31, 2026
Showing 1–50
of 125 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SSB |
SouthState Bank Corp
Financial Services
|
Reduced | 778,627 | $72,038,570 | 8.29% | |
| HTB |
HomeTrust Bancshares, Inc.
Financial Services
|
Reduced | 1,554,425 | $66,296,226 | 7.63% | |
| NIC |
Nicolet Bankshares Inc
Financial Services
|
Added | 306,381 | $45,534,344 | 5.24% | |
| SFST |
Southern First Bancshares Inc
Financial Services
|
Held | 807,223 | $43,993,653 | 5.06% | |
| EQBK |
Equity Bancshares Inc
Financial Services
|
Reduced | 921,074 | $40,904,896 | 4.71% | |
| BCAL |
California BanCorp \ CA
Financial Services
|
Added | 2,054,534 | $36,406,342 | 4.19% | |
| EBC |
Eastern Bankshares, Inc.
Financial Services
|
Added | 1,741,864 | $34,070,859 | 3.92% | |
| RBB |
RBB Bancorp
Financial Services
|
Held | 1,511,408 | $32,298,788 | 3.72% | |
| OSBC |
Old Second Bancorp Inc
Financial Services
|
Reduced | 1,505,102 | $30,342,856 | 3.49% | |
| FRME |
First Merchants Corp
Financial Services
|
Added | 711,425 | $27,553,490 | 3.17% | |
| SBCF |
Seacoast Banking Corp Of Florida
Financial Services
|
Reduced | 906,053 | $27,444,345 | 3.16% | |
| HBNC |
Horizon Bancorp Inc /In/
Financial Services
|
Added | 1,291,208 | $21,395,316 | 2.46% | |
| HBAN |
Huntington Bancshares Inc /Md/
Financial Services
|
NEW | 1,116,816 | $17,478,170 | 2.01% | |
| BKU |
BankUnited, Inc.
Financial Services
|
NEW | 380,554 | $17,185,818 | 1.98% | |
| CVBF |
Cvb Financial Corp
Financial Services
|
Added | 851,426 | $16,509,150 | 1.90% | |
| ONB |
Old National Bancorp /In/
Financial Services
|
Held | 717,018 | $15,846,097 | 1.82% | |
| SMBC |
Southern Missouri Bancorp, Inc.
Financial Services
|
Reduced | 202,427 | $12,943,182 | 1.49% | |
| INDB |
Independent Bank Corp
Financial Services
|
Reduced | 165,653 | $12,458,762 | 1.43% | |
| NTRS |
Northern Trust Corp
Financial Services
|
NEW | 79,026 | $11,029,658 | 1.27% | |
| ABCB |
Ameris Bancorp
Financial Services
|
NEW | 134,868 | $10,518,355 | 1.21% | |
| CBNA |
Chain Bridge Bancorp Inc
Financial Services
|
Held | 293,788 | $10,253,201 | 1.18% | |
| XZO |
Exzeo Group, Inc.
Financial Services
|
Added | 682,440 | $10,011,394 | 1.15% | |
| AVBC |
Avidia Bancorp, Inc.
Financial Services
|
Held | 497,258 | $9,781,064 | 1.13% | |
| JLL |
Jones Lang Lasalle Inc
Real Estate
|
Added | 31,881 | $9,702,025 | 1.12% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
NEW | 189,376 | $9,232,080 | 1.06% | |
| MS |
Morgan Stanley
Financial Services
|
Reduced | 56,089 | $9,230,566 | 1.06% | |
| WSBC |
Wesbanco Inc
Financial Services
|
Reduced | 243,843 | $8,410,145 | 0.97% | |
| JMSB |
John Marshall Bancorp, Inc.
Financial Services
|
Reduced | 412,273 | $8,360,896 | 0.96% | |
| CFG |
Citizens Financial Group Inc/Ri
Financial Services
|
NEW | 125,939 | $7,552,561 | 0.87% | |
| IBCP |
Independent Bank Corp /Mi/
Financial Services
|
Reduced | 203,607 | $6,780,113 | 0.78% | |
| HWBK |
Hawthorn Bancshares, Inc.
Financial Services
|
Held | 190,710 | $6,425,019 | 0.74% | |
| SYBT |
Stock Yards Bancorp, Inc.
Financial Services
|
Added | 92,849 | $6,154,960 | 0.71% | |
| SFBS |
ServisFirst Bancshares, Inc.
Financial Services
|
NEW | 79,906 | $5,819,553 | 0.67% | |
| SCHW |
Schwab Charles Corp
Financial Services
|
NEW | 61,883 | $5,815,764 | 0.67% | |
| HCI |
HCI Group, Inc.
Financial Services
|
Added | 37,287 | $5,764,943 | 0.66% | |
| VIRT |
Virtu Financial, Inc.
Financial Services
|
NEW | 125,790 | $5,532,244 | 0.64% | |
| PLMR |
Palomar Holdings, Inc.
Financial Services
|
Added | 45,433 | $5,429,243 | 0.62% | |
| AMTB |
Amerant Bancorp Inc.
Financial Services
|
NEW | 245,913 | $5,419,922 | 0.62% | |
| CNO |
CNO Financial Group, Inc.
Financial Services
|
Added | 131,679 | $5,406,739 | 0.62% | |
| USB |
US Bancorp De
Financial Services
|
Reduced | 98,115 | $5,102,961 | 0.59% | |
| UMBF |
Umb Financial Corp
Financial Services
|
Added | 43,740 | $4,933,434 | 0.57% | |
| ESNT |
Essent Group Ltd.
Financial Services
|
NEW | 75,024 | $4,384,402 | 0.50% | |
| PHM |
Pultegroup Inc/Mi/
Consumer Cyclical
|
Added | 35,719 | $4,200,911 | 0.48% | |
| SKWD |
Skyward Specialty Insurance Group, Inc.
Financial Services
|
Reduced | 94,379 | $4,122,474 | 0.47% | |
| HTGC |
Hercules Capital, Inc.
Financial Services
|
Added | 277,666 | $4,101,126 | 0.47% | |
| OMF |
OneMain Holdings, Inc.
Financial Services
|
NEW | 75,795 | $4,054,274 | 0.47% | |
| THG |
Hanover Insurance Group, Inc.
Financial Services
|
Reduced | 22,535 | $3,906,442 | 0.45% | |
| WELL |
Welltower Inc.
Real Estate
|
Reduced | 19,277 | $3,811,255 | 0.44% | |
| HYNE |
Hoyne Bancorp, Inc.
Financial Services
|
Held | 261,000 | $3,777,975 | 0.43% | |
| DLR |
Digital Realty Trust, Inc.
Real Estate
|
Added | 20,829 | $3,753,594 | 0.43% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.