Q2 2025 · 13F-HR
FJ Capital Management LLCholdings as filed
Filed 2025-08-14 · accession 0001420506-25-002176
$943.0M
Reported value
128
Positions
2025-06-30
Period end
The Brief · FJ Capital Management LLC · Q2 2025
AI · grounded in 13F
FJ Capital Management LLC established a new position in HomeTrust Bancshares Inc HTB valued at $64.8M. The fund also initiated new stakes in SouthState Corporation SSBUSD for $64.6M and Equity Bancshares Inc EQBK for $45.9M. These moves contributed to a total AUM of $942.9M across 128 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 437872104 | HTB | HOMETRUST BANCSHARES INC | $64.8M | 6.87% | 1,732,877 | Common | SOLE |
| 840441109 | SSBUSD | SOUTHSTATE CORPORATION | $64.6M | 6.85% | 702,355 | Common | SOLE |
| 29460X109 | EQBK | EQUITY BANCSHARES INC | $45.9M | 4.87% | 1,126,096 | Common | SOLE |
| 957638109 | WAL | WESTERN ALLIANCE BANCORP | $42.8M | 4.54% | 549,146 | Common | SOLE |
| 453836108 | INDB | INDEPENDENT BK CORP MASS | $40.8M | 4.33% | 649,320 | Common | SOLE |
| 03076K108 | ABCB | AMERIS BANCORP | $39.0M | 4.13% | 602,320 | Common | SOLE |
| 947890109 | WBS | WEBSTER FINL CORP | $37.1M | 3.94% | 679,914 | Common | SOLE |
| 680277100 | OSBC | OLD SECOND BANCORP INC ILL | $32.6M | 3.46% | 1,837,333 | Common | SOLE |
| 811707801 | SBCF | SEACOAST BKG CORP FLA | $31.9M | 3.38% | 1,154,434 | Common | SOLE |
| 842873101 | SFST | SOUTHERN FIRST BANCSHARES | $30.7M | 3.26% | 807,223 | Common | SOLE |
| 74930B105 | RBB | RBB BANCORP | $30.4M | 3.22% | 1,766,083 | Common | SOLE |
| 53578P105 | LNKB | LINKBANCORP INC | $27.3M | 2.89% | 3,728,660 | Common | SOLE |
| 426927109 | XHC | HERITAGE COMM CORP | $23.3M | 2.47% | 2,344,722 | Common | SOLE |
| 989701107 | ZION | ZIONS BANCORPORATION N A | $23.0M | 2.44% | 442,549 | Common | SOLE |
| 598511103 | MOFG | MIDWESTONE FINL GROUP INC NE | $22.0M | 2.34% | 766,202 | Common | SOLE |
| 453838609 | IBCP | INDEPENDENT BK CORP MICH | $21.5M | 2.28% | 664,680 | Common | SOLE |
| 74727A104 | QCRH | QCR HOLDINGS INC | $20.1M | 2.14% | 296,530 | Common | SOLE |
| 84252A106 | BCAL | CALIFORNIA BANCORP | $20.0M | 2.13% | 1,271,636 | Common | SOLE |
| 05990K106 | BANC | BANC OF CALIFORNIA INC | $19.2M | 2.03% | 1,365,440 | Common | SOLE |
| 843380106 | SMBC | SOUTHERN MO BANCORP INC | $15.5M | 1.64% | 282,942 | Common | SOLE |
| 203607106 | CBU | COMMUNITY FINANCIAL SYSTEM I | $15.4M | 1.63% | 270,197 | Common | SOLE |
| 29667D104 | — | ESSA BANCORP INC | $13.3M | 1.41% | 684,979 | Common | SOLE |
| 680033107 | ONB | OLD NATL BANCORP IND | $13.2M | 1.40% | 617,226 | Common | SOLE |
| 89214P109 | TOWN | TOWNEBANK PORTSMOUTH VA | $10.3M | 1.09% | 301,231 | Common | SOLE |
| 319383204 | BUSE | FIRST BUSEY CORP | $9.4M | 1.00% | 410,186 | Common | SOLE |
| 59540G107 | MPB | MID PENN BANCORP INC | $9.3M | 0.98% | 328,705 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $8.4M | 0.89% | 105,067 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $8.1M | 0.86% | 57,696 | Common | SOLE |
| 58844R108 | MBIN | MERCHANTS BANCORP IND | $7.9M | 0.84% | 238,580 | Common | SOLE |
| 47805L101 | JMSB | JOHN MARSHALL BANCORP INC | $7.7M | 0.81% | 413,353 | Common | SOLE |
| 15746L100 | CBNA | CHAIN BRIDGE BANCORP INC | $7.6M | 0.80% | 293,788 | Common | SOLE |
| 32026V104 | FFWM | FIRST FNDTN INC | $7.5M | 0.80% | 1,478,574 | Common | SOLE |
| 36120Q101 | FVCB | FVCBANKCORP INC | $7.5M | 0.79% | 632,902 | Common | SOLE |
| 33621E109 | FSFG | FIRST SVGS FINL GROUP INC | $7.1M | 0.75% | 282,864 | Common | SOLE |
| 902973304 | USB | US BANCORP DEL | $6.8M | 0.72% | 150,588 | Common | SOLE |
| 420476103 | HWBK | HAWTHORN BANCSHARES INC | $6.4M | 0.68% | 221,156 | Common | SOLE |
| 48020Q107 | JLL | JONES LANG LASALLE INC | $5.7M | 0.61% | 22,352 | Common | SOLE |
| 97650W108 | WTFC | WINTRUST FINL CORP | $5.6M | 0.59% | 44,920 | Common | SOLE |
| 174903104 | CZWI | CITIZENS CMNTY BANCORP INC M | $5.3M | 0.56% | 383,656 | Common | SOLE |
| 78408D105 | SBFG | SB FINL GROUP INC | $5.1M | 0.54% | 265,791 | Common | SOLE |
| 410867105 | THG | HANOVER INS GROUP INC | $4.7M | 0.50% | 27,523 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC | $4.4M | 0.46% | 28,454 | Common | SOLE |
| 87724P106 | TMHC | TAYLOR MORRISON HOME CORP | $4.3M | 0.45% | 69,594 | Common | SOLE |
| 745867101 | PHM | PULTE GROUP INC | $4.3M | 0.45% | 40,391 | Common | SOLE |
| 115236101 | BRO | BROWN & BROWN INC | $4.0M | 0.42% | 35,958 | Common | SOLE |
| 69376K106 | RPC | P10 INC | $3.7M | 0.40% | 365,657 | Common | SOLE |
| 87165B103 | SYF | SYNCHRONY FINANCIAL | $3.6M | 0.38% | 54,295 | Common | SOLE |
| 172062101 | CINF | CINCINNATI FINL CORP | $3.4M | 0.36% | 22,656 | Common | SOLE |
| 769397100 | RVSB | RIVERVIEW BANCORP INC | $3.3M | 0.35% | 606,634 | Common | SOLE |
| 759351604 | RGA | REINSURANCE GRP OF AMERICA I | $3.3M | 0.35% | 16,488 | Common | SOLE |
| 316926104 | FDSB | FIFTH DIST BANCORP INC | $3.1M | 0.32% | 247,691 | Common | SOLE |
| 64828T201 | RITM | RITHM CAPITAL CORP | $2.8M | 0.29% | 246,278 | Common | SOLE |
| 427096508 | HTGC | HERCULES CAPITAL INC | $2.7M | 0.29% | 150,435 | Common | SOLE |
| 629209305 | NMIH | NMI HLDGS INC | $2.7M | 0.28% | 63,610 | Common | SOLE |
| 589400100 | MCY | MERCURY GENL CORP NEW | $2.6M | 0.27% | 38,074 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $2.5M | 0.26% | 27,803 | Common | SOLE |
| G5S37H101 | MRX | MAREX GROUP PLC | $2.5M | 0.26% | 62,696 | Common | SOLE |
| 505743104 | LADR | LADDER CAP CORP | $2.5M | 0.26% | 228,343 | Common | SOLE |
| 59522J103 | MAA | MID-AMER APT CMNTYS INC | $2.5M | 0.26% | 16,574 | Common | SOLE |
| 69753M105 | PLMR | PALOMAR HLDGS INC | $2.4M | 0.26% | 15,810 | Common | SOLE |
| 950810101 | WSBC | WESBANCO INC | $2.4M | 0.25% | 75,085 | Common | SOLE |
| 398182303 | AHR | AMERICAN HEALTHCARE REIT INC | $2.3M | 0.25% | 62,994 | Common | SOLE |
| 38267D109 | GSHD | GOOSEHEAD INS INC | $2.3M | 0.24% | 21,705 | Common | SOLE |
| 008492100 | ADC | AGREE RLTY CORP | $2.2M | 0.23% | 30,114 | Common | SOLE |
| 441593100 | HLI | HOULIHAN LOKEY INC | $2.2M | 0.23% | 12,082 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $2.1M | 0.23% | 7,795 | Common | SOLE |
| 66661N886 | NPB | NORTHPOINTE BANCSHARES INC. | $2.1M | 0.23% | 155,000 | Common | SOLE |
| 90984P303 | UCB | UNITED CMNTY BKS BLAIRSVLE G | $2.0M | 0.21% | 67,695 | Common | SOLE |
| 601137102 | MRP | MILLROSE PPTYS INC | $1.9M | 0.20% | 66,444 | Common | SOLE |
| 71844V201 | PECO | PHILLIPS EDISON & CO INC | $1.7M | 0.18% | 49,464 | Common | SOLE |
| 40416E103 | HCI | HCI GROUP INC | $1.7M | 0.18% | 11,211 | Common | SOLE |
| 004239109 | AKR | ACADIA RLTY TR | $1.7M | 0.18% | 89,739 | Common | SOLE |
| 03762U105 | ARI | APOLLO COML REAL EST FIN INC | $1.6M | 0.17% | 165,317 | Common | SOLE |
| 47248R103 | JCAP | JEFFERSON CAPITAL INC | $1.6M | 0.17% | 86,387 | Common | SOLE |
| 830940102 | SKWD | SKYWARD SPECIALTY INS GROUP | $1.5M | 0.16% | 26,678 | Common | SOLE |
| 511656100 | LKFN | LAKELAND FINL CORP | $1.3M | 0.14% | 21,793 | Common | SOLE |
| 37959E102 | GL | GLOBE LIFE INC | $1.3M | 0.14% | 10,751 | Common | SOLE |
| 43689E107 | HBCP | HOME BANCORP INC | $1.3M | 0.13% | 24,269 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $1.2M | 0.13% | 6,911 | Common | SOLE |
| 302301106 | EZPW | EZCORP INC | $1.2M | 0.12% | 83,575 | Common | SOLE |
| 035710839 | NLY | ANNALY CAPITAL MANAGEMENT IN | $993,621 | 0.11% | 52,796 | Common | SOLE |
| 02005N100 | ALLY | ALLY FINL INC | $930,321 | 0.10% | 23,885 | Common | SOLE |
| 929042109 | VNO | VORNADO RLTY TR | $898,334 | 0.10% | 23,492 | Common | SOLE |
| G4474Y214 | JHG | JANUS HENDERSON GROUP PLC | $850,091 | 0.09% | 21,887 | Common | SOLE |
| 03076C106 | AMP | AMERIPRISE FINL INC | $804,865 | 0.09% | 1,508 | Common | SOLE |
| 04316A108 | APAM | ARTISAN PARTNERS ASSET MGMT | $777,548 | 0.08% | 17,540 | Common | SOLE |
| 140501107 | CSWC | CAPITAL SOUTHWEST CORP | $772,877 | 0.08% | 35,067 | Common | SOLE |
| 30225T102 | EXR | EXTRA SPACE STORAGE INC | $770,374 | 0.08% | 5,225 | Common | SOLE |
| 83192D402 | SMA | SMARTSTOP SELF STORAG REIT I | $758,004 | 0.08% | 20,922 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $683,901 | 0.07% | 12,719 | Common | SOLE |
| 222795502 | CUZ | COUSINS PPTYS INC | $658,888 | 0.07% | 21,941 | Common | SOLE |
| 78573L106 | SBRA | SABRA HEALTH CARE REIT INC | $650,637 | 0.07% | 35,284 | Common | SOLE |
| 92826C839 | V | VISA INC | $641,220 | 0.07% | 1,806 | Common | SOLE |
| 431284108 | HIW | HIGHWOODS PPTYS INC | $616,608 | 0.07% | 19,833 | Common | SOLE |
| 133131102 | CPT | CAMDEN PPTY TR | $612,808 | 0.06% | 5,438 | Common | SOLE |
| 89417E109 | TRV | TRAVELERS COMPANIES INC | $588,320 | 0.06% | 2,199 | Common | SOLE |
| 758075402 | RWT | REDWOOD TRUST INC | $549,181 | 0.06% | 92,924 | Common | SOLE |
| 225655109 | CCAP | CRESCENT CAP BDC INC | $530,724 | 0.06% | 37,640 | Common | SOLE |
| 004498101 | ACIW | ACI WORLDWIDE INC | $427,238 | 0.05% | 9,306 | Common | SOLE |
| 929089100 | VOYA | VOYA FINANCIAL INC | $400,440 | 0.04% | 5,640 | Common | SOLE |
| 74736L109 | QTWO | Q2 HLDGS INC | $396,447 | 0.04% | 4,236 | Common | SOLE |
| 253868103 | DLR | DIGITAL RLTY TR INC | $391,720 | 0.04% | 2,247 | Common | SOLE |
| 354613101 | BEN | FRANKLIN RESOURCES INC | $390,544 | 0.04% | 16,375 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $388,553 | 0.04% | 1,758 | Common | SOLE |
| 91529Y106 | UNM | UNUM GROUP | $387,567 | 0.04% | 4,799 | Common | SOLE |
| 09581B103 | OWL | BLUE OWL CAPITAL INC | $386,697 | 0.04% | 20,130 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $361,716 | 0.04% | 2,098 | Common | SOLE |
| 43708L108 | HFBL | HOME FED BANCORP INC LA NEW | $338,178 | 0.04% | 24,866 | Common | SOLE |
| 91359E105 | UHT | UNIVERSAL HEALTH RLTY INCOME | $330,832 | 0.04% | 8,277 | Common | SOLE |
| 126128107 | CCNE | CNB FINL CORP PA | $317,983 | 0.03% | 13,910 | Common | SOLE |
| 31620M106 | FIS | FIDELITY NATL INFORMATION SV | $293,076 | 0.03% | 3,600 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $292,741 | 0.03% | 279 | Common | SOLE |
| 83607A100 | SFBC | SOUND FINL BANCORP INC | $285,154 | 0.03% | 6,199 | Common | SOLE |
| 020002101 | ALL | ALLSTATE CORP | $284,652 | 0.03% | 1,414 | Common | SOLE |
| 23834J201 | DAVE | DAVE INC | $280,757 | 0.03% | 1,046 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $275,218 | 0.03% | 6,214 | Common | SOLE |
| 78440X887 | SLG | SL GREEN RLTY CORP | $267,965 | 0.03% | 4,329 | Common | SOLE |
| 55354G100 | MSCI | MSCI INC | $262,993 | 0.03% | 456 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $260,495 | 0.03% | 835 | Common | SOLE |
| 85914M107 | STEP | STEPSTONE GROUP INC | $258,131 | 0.03% | 4,651 | Common | SOLE |
| 29670E107 | EPRT | ESSENTIAL PPTYS RLTY TR INC | $239,963 | 0.03% | 7,520 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $234,266 | 0.02% | 1,761 | Common | SOLE |
| 64119V303 | NTST | NETSTREIT CORP | $232,737 | 0.02% | 13,747 | Common | SOLE |
| 373865104 | GABC | GERMAN AMERN BANCORP INC | $227,864 | 0.02% | 5,917 | Common | SOLE |
| 92936U109 | WPC | WP CAREY INC | $216,833 | 0.02% | 3,476 | Common | SOLE |
| 11135E203 | BNL | BROADSTONE NET LEASE INC | $204,702 | 0.02% | 12,754 | Common | SOLE |
| 14316J108 | CG | CARLYLE GROUP INC | $202,824 | 0.02% | 3,946 | Common | SOLE |
| 023139884 | OSG | AMBAC FINL GROUP INC | $175,207 | 0.02% | 24,677 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.