Institutional
FJ Capital Management LLC
CIK 0001599170
$888.1M
Reported AUM
126
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · FJ Capital Management LLC · Q1 2026
AI · grounded in 13F
FJ Capital Management LLC closed its position in Western Alliance Bancorp WAL, reducing exposure by $36.37M. The fund also exited positions in MidwestOne Financial Group Inc NE MOFG and Webster Financial Corp WBS, totaling over $54M in combined sales. To offset these exits, the fund established new positions in Huntington Bancshares HBAN and BankUnited BKU, investing $17.48M and $17.19M respectively. Additionally, the fund increased its holdings in Nicolet Bankshares NIC by 1,400.32%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SSB | SOUTHSTATE BANK | $95.32 | 0.01% | 8.96% | 56.96% | $72.0M | 8.11% | −34,406 | −4.2% |
| 2 | HTB | HOMETRUST BANCSHARES | $47.68 | 0.97% | 30.82% | 92.61% | $66.3M | 7.46% | −139,128 | −8.2% |
| 3 | NIC | NICOLET BANKSHARES | $145.54 | 6.01% | 17.73% | 96.76% | $45.5M | 5.13% | +285,960 | +1400.3% |
| 4 | SFST | SOUTHERN FIRST BANCSHARES | $58.97 | 0.89% | 64.72% | 19.06% | $44.0M | 4.95% | — | HELD |
| 5 | EQBK | EQUITY BANCSHARES CL A | $46.64 | 1.77% | 19.85% | 69.37% | $40.9M | 4.61% | −304,613 | −24.9% |
| 6 | BCAL | CALIFORNIA BANCORP | $19.26 | -0.21% | 31.84% | 36.65% | $36.4M | 4.10% | +782,898 | +61.6% |
| 7 | EBC | EASTERN BANKSHARES | $19.85 | -1.19% | 38.06% | 24.45% | $34.1M | 3.84% | +815,023 | +87.9% |
| 8 | RBB | RBB BANCORP | $24.00 | 0.08% | 45.13% | 17.85% | $32.3M | 3.64% | — | HELD |
| 9 | OSBC | OLD SECOND BANCORP | $21.56 | 0.65% | 30.40% | 99.86% | $30.3M | 3.42% | −324,563 | −17.7% |
| 10 | FRME | FIRST MERCHANTS | $40.42 | 1.21% | 13.24% | 17.54% | $27.6M | 3.10% | +77,757 | +12.3% |
| 11 | SBCF | SEACOAST BANKING OF FLORIDA | $30.46 | 0.99% | 19.40% | 11.74% | $27.4M | 3.09% | −455,624 | −33.5% |
| 12 | HBNC | HORIZON BANCORP | $18.75 | 0.11% | 31.46% | 39.07% | $21.4M | 2.41% | +207,368 | +19.1% |
| 13 | TOWN | TOWNEBANK | $34.43 | 0.85% | 5.08% | 36.29% | $18.8M | 2.12% | +377,186 | +206.6% |
| 14 | HBAN | HUNTINGTON BANCSHARES | $16.52 | -0.06% | 5.77% | 45.05% | $17.5M | 1.97% | +1,116,816 | NEW |
| 15 | BKU | BANKUNITED | $47.14 | -0.28% | 41.18% | 40.43% | $17.2M | 1.94% | +380,554 | NEW |
| 16 | CVBF | CVB FINL | $20.50 | 0.29% | 12.40% | 30.45% | $16.5M | 1.86% | +576,294 | +209.5% |
| 17 | ONB | OLD NATIONAL BANCORP | $24.11 | 0.65% | 16.34% | 73.76% | $15.8M | 1.78% | — | HELD |
| 18 | SMBC | SOUTHERN MISSOURI BANCORP | $69.70 | 1.01% | 35.82% | 69.99% | $12.9M | 1.46% | −98,517 | −32.7% |
| 19 | INDB | INDEPENDENT BANK GROUP MA | $79.57 | 1.05% | 28.92% | 32.48% | $12.5M | 1.40% | −64,880 | −28.1% |
| 20 | NTRS | NORTHERN TR | $170.47 | -1.50% | 62.71% | 75.43% | $11.0M | 1.24% | +79,026 | NEW |
| 21 | ABCB | AMERIS BANCORP | $86.53 | 1.24% | 39.23% | 86.90% | $10.5M | 1.18% | +134,868 | NEW |
| 22 | CBNA | CHAIN BRIDGE BANCORP CL A | $36.20 | -0.52% | 37.69% | 48.36% | $10.3M | 1.15% | — | HELD |
| 23 | XZO | EXZEO GROUP | $13.04 | -1.35% | -31.79% | -45.48% | $10.0M | 1.13% | +444,584 | +186.9% |
| 24 | AVBC | AVIDIA BANCORP | $19.21 | 1.11% | 31.91% | 24.83% | $9.8M | 1.10% | — | HELD |
| 25 | JLL | JONES LANG LASALLE | $295.71 | -1.11% | 28.54% | 32.86% | $9.7M | 1.09% | +20,107 | +170.8% |
| 26 | BAC | BANK OF AMERICA | $53.83 | -0.63% | 23.03% | 58.61% | $9.2M | 1.04% | +189,376 | NEW |
| 27 | MS | MORGAN STANLEY | $211.93 | -2.90% | 64.65% | 159.39% | $9.2M | 1.04% | −18,670 | −25.0% |
| 28 | WSBC | WESBANCO | $35.74 | 3.93% | 18.02% | 33.31% | $8.4M | 0.95% | −103,293 | −29.8% |
| 29 | JMSB | JOHN MARSHALL BANCORP | $21.42 | 1.23% | 28.91% | 26.50% | $8.4M | 0.94% | −672 | −0.2% |
| 30 | CFG | CITIZENS FINL GROUP | $63.98 | 0.13% | 59.66% | 86.82% | $7.6M | 0.85% | +125,939 | NEW |
| 31 | IBCP | INDEPENDENT BANK MICH | $34.58 | 1.11% | — | — | $6.8M | 0.76% | −181,481 | −47.1% |
| 32 | HWBK | HAWTHORN BANCSHARES | $36.41 | 2.85% | — | — | $6.4M | 0.72% | — | HELD |
| 33 | SYBT | STOCK YARDS BANCORP | $72.62 | 1.13% | — | — | $6.2M | 0.69% | +86,498 | +1362.0% |
| 34 | SFBS | SERVISFIRST BANCSHARES | $78.15 | 0.19% | — | — | $5.8M | 0.66% | +79,906 | NEW |
| 35 | SCHW | CHARLES SCHWAB | $88.84 | 0.95% | — | — | $5.8M | 0.65% | +61,883 | NEW |
| 36 | HCI | HCI GROUP | $156.98 | 4.49% | — | — | $5.8M | 0.65% | +18,268 | +96.1% |
| 37 | VIRT | VIRTU FINL CL A | $53.02 | 1.61% | — | — | $5.5M | 0.62% | +125,790 | NEW |
| 38 | PLMR | PALOMAR HLDGS | $108.28 | -0.21% | — | — | $5.4M | 0.61% | +41,569 | +1075.8% |
| 39 | AMTB | AMERANT BANCORP CL A | $22.78 | 1.06% | — | — | $5.4M | 0.61% | +245,913 | NEW |
| 40 | CNO | CNO FINL GROUP | $47.91 | 1.68% | — | — | $5.4M | 0.61% | +92,616 | +237.1% |
| 41 | USB | U S BANCORP | $55.69 | 0.41% | — | — | $5.1M | 0.57% | −275,318 | −73.7% |
| 42 | UMBF | UMB FINL | $130.60 | 0.52% | — | — | $4.9M | 0.56% | +17,191 | +64.8% |
| 43 | ESNT | ESSENT GROUP | $57.40 | -0.07% | — | — | $4.4M | 0.49% | +75,024 | NEW |
| 44 | PHM | PULTEGROUP | $118.40 | 0.15% | — | — | $4.2M | 0.47% | +4,644 | +14.9% |
| 45 | SKWD | SKYWARD SPECIALTY INSURANCE GROUP | $45.85 | -0.23% | — | — | $4.1M | 0.46% | −50,357 | −34.8% |
| 46 | HTGC | HERCULES CAPITAL | $15.33 | 0.33% | — | — | $4.1M | 0.46% | +107,682 | +63.3% |
| 47 | OMF | ONEMAIN HLDGS | $55.07 | -0.52% | — | — | $4.1M | 0.46% | +75,795 | NEW |
| 48 | THG | HANOVER INSURANCE GROUP | $193.19 | 3.32% | — | — | $3.9M | 0.44% | −14,892 | −39.8% |
| 49 | WELL | WELLTOWER | $206.93 | 3.03% | — | — | $3.8M | 0.43% | −1,698 | −8.1% |
| 50 | HYNE | HOYNE BANCORP | $16.28 | -0.06% | — | — | $3.8M | 0.43% | — | HELD |
| 51 | DLR | DIGITAL RLTY TR | $186.79 | -1.01% | — | — | $3.8M | 0.42% | +15,438 | +286.4% |
| 52 | NDAQ | NASDAQ | $86.39 | -1.02% | — | — | $3.6M | 0.40% | +42,372 | NEW |
| 53 | MAIN | MAIN STREET CAPITAL | $51.56 | -0.47% | — | — | $3.6M | 0.40% | +67,667 | NEW |
| 54 | NLY | ANNALY CAPITAL MGMT | $21.24 | 0.07% | — | — | $3.5M | 0.39% | +92,764 | +128.0% |
| 55 | EQIX | EQUINIX | $1080.95 | -0.75% | — | — | $3.5M | 0.39% | +3,563 | NEW |
| 56 | IVT | INVENTRUST PPTYS | $33.45 | 1.55% | — | — | $3.4M | 0.38% | −12,420 | −10.0% |
| 57 | EGBN | EAGLE BANCORP | $27.27 | 0.48% | — | — | $3.2M | 0.36% | +126,895 | NEW |
| 58 | BXMT | BLACKSTONE MORTGAGE TR CL A | $18.35 | -0.54% | — | — | $3.1M | 0.35% | +128,911 | +406.9% |
| 59 | ECPG | ENCORE CAPITAL GROUP | $81.46 | 1.07% | — | — | $2.9M | 0.32% | +40,732 | NEW |
| 60 | QCRH | QCR HLDGS | $93.54 | 0.61% | — | — | $2.8M | 0.31% | −100,297 | −75.5% |
| 61 | AHR | AMERICAN HEALTHCARE REIT | $47.48 | 2.39% | — | — | $2.8M | 0.31% | +7,794 | +15.3% |
| 62 | PNC | PNC FINL SERVICES GROUP | $228.37 | 0.57% | — | — | $2.6M | 0.29% | +12,467 | NEW |
| 63 | AUB | ATLANTIC UNION BANKSHARES | $37.96 | 0.53% | — | — | $2.6M | 0.29% | +72,243 | NEW |
| 64 | FR | FIRST INDL RLTY TR | $61.58 | -0.16% | — | — | $2.5M | 0.28% | −3,920 | −8.4% |
| 65 | ADC | AGREE RLTY | $73.56 | 0.20% | — | — | $2.4M | 0.27% | −4,177 | −11.6% |
| 66 | CTO | CTO RLTY GROWTH | $20.54 | 0.10% | — | — | $2.2M | 0.24% | +26,634 | +29.7% |
| 67 | MSIF | MSC INCOME FUND | $11.86 | -1.66% | — | — | $2.1M | 0.23% | +171,058 | NEW |
| 68 | AKR | ACADIA RLTY TR | $22.40 | 2.10% | — | — | $2.0M | 0.23% | −140,945 | −56.9% |
| 69 | HOOD | ROBINHOOD MARKETS CL A | $82.47 | -6.63% | — | — | $2.0M | 0.23% | +29,263 | NEW |
| 70 | BEN | FRANKLIN RES | $31.33 | -2.00% | — | — | $2.0M | 0.23% | +85,724 | NEW |
| 71 | AXS | AXIS CAPITAL HLDGS | $97.53 | -1.30% | — | — | $2.0M | 0.23% | +14,911 | +303.4% |
| 72 | RGA | REINSURANCE GROUP OF AMERICA | $203.34 | -0.79% | — | — | $2.0M | 0.22% | −13,639 | −58.4% |
| 73 | UNM | UNUM GROUP | $86.84 | 2.27% | — | — | $1.9M | 0.22% | +26,346 | NEW |
| 74 | TOL | TOLL BROTHERS | $137.51 | -0.29% | — | — | $1.6M | 0.18% | +11,874 | NEW |
| 75 | EGP | EASTGROUP PPTYS | $196.70 | -0.76% | — | — | $1.5M | 0.17% | +3,141 | +65.6% |
| 76 | SNDA | SONIDA SENIOR LIVING | $34.38 | 3.65% | — | — | $1.5M | 0.17% | +45,472 | NEW |
| 77 | DAVE | DAVE CL A | $264.39 | 2.38% | — | — | $1.4M | 0.16% | +6,460 | +354.9% |
| 78 | GL | GLOBE LIFE | $159.18 | 3.16% | — | — | $1.4M | 0.16% | −24,718 | −70.5% |
| 79 | BRX | BRIXMOR PPTY GROUP | $31.05 | 0.21% | — | — | $1.3M | 0.15% | +46,798 | NEW |
| 80 | MAA | MID-AMERICA APARTMENT COMMUNITIES | $137.79 | 0.18% | — | — | $1.3M | 0.15% | −180 | −1.6% |
| 81 | FCFS | FIRSTCASH HLDGS | $225.44 | 1.35% | — | — | $1.0M | 0.12% | +5,491 | NEW |
| 82 | EFC | ELLINGTON FINL | $13.55 | 0.22% | — | — | $968K | 0.11% | +81,687 | NEW |
| 83 | SPNT | SIRIUSPOINT | $21.72 | 3.28% | — | — | $951K | 0.11% | −26,698 | −37.7% |
| 84 | HQY | HEALTHEQUITY | $88.67 | 3.07% | — | — | $937K | 0.11% | −2,346 | −17.3% |
| 85 | TRU | TRANSUNION | $70.18 | -0.67% | — | — | $860K | 0.10% | +12,424 | NEW |
| 86 | ELS | EQUITY LIFESTYLE PPTYS | $62.26 | -0.26% | — | — | $826K | 0.09% | +13,239 | NEW |
| 87 | COF | CAPITAL ONE FINL | $180.67 | -1.38% | — | — | $780K | 0.09% | +3,084 | +258.7% |
| 88 | MA | MASTERCARD CL A | $491.08 | 1.93% | — | — | $758K | 0.09% | +454 | +42.7% |
| 89 | SBRA | SABRA HEALTH CARE REIT | $18.46 | 4.47% | — | — | $735K | 0.08% | +38,225 | NEW |
| 90 | CURB | CURBLINE PPTYS | $29.27 | 1.07% | — | — | $636K | 0.07% | −23,721 | −49.0% |
| 91 | PSTL | POSTAL RLTY TR CL A | $22.74 | 0.49% | — | — | $630K | 0.07% | +10,440 | +44.5% |
| 92 | V | VISA CL A | $323.57 | 1.06% | — | — | $611K | 0.07% | +55 | +2.8% |
| 93 | FHI | FEDERATED HERMES CL B | $57.03 | 0.18% | — | — | $587K | 0.07% | +5,976 | +136.3% |
| 94 | SYF | SYNCHRONY FINL | $70.84 | 0.08% | — | — | $584K | 0.07% | +3,885 | +82.6% |
| 95 | EFSC | ENTERPRISE FINL SERVICES | $62.08 | 1.18% | — | — | $551K | 0.06% | +10,182 | NEW |
| 96 | EPRT | ESSENTIAL PPTYS RLTY TR | $30.27 | 2.02% | — | — | $536K | 0.06% | — | HELD |
| 97 | NP | NEPTUNE INSURANCE HLDGS CL A | $25.04 | -1.77% | — | — | $527K | 0.06% | +11,846 | +119.4% |
| 98 | SPG | SIMON PPTY GROUP | $210.31 | 1.98% | — | — | $492K | 0.06% | +2,639 | NEW |
| 99 | RHP | RYMAN HOSPITALITY PPTYS | $119.03 | 1.68% | — | — | $492K | 0.06% | +5,333 | NEW |
| 100 | ACIW | ACI WORLDWIDE | $43.03 | 0.55% | — | — | $490K | 0.06% | −6,050 | −33.6% |
| 101 | VRE | VERIS RESIDENTIAL | — | — | — | — | $458K | 0.05% | +24,246 | NEW |
| 102 | CUBE | CUBESMART | — | — | — | — | $443K | 0.05% | +12,089 | NEW |
| 103 | SIGI | SELECTIVE INSURANCE GROUP | — | — | — | — | $427K | 0.05% | +5,663 | NEW |
| 104 | CDP | COPT DEFENSE PPTYS | — | — | — | — | $425K | 0.05% | +13,900 | NEW |
| 105 | MKL | MARKEL GROUP | — | — | — | — | $387K | 0.04% | +202 | NEW |
| 106 | UHT | UNIVERSAL HEALTH RLTY INCOME TR | — | — | — | — | $381K | 0.04% | — | HELD |
| 107 | GNW | GENWORTH FINL | — | — | — | — | $374K | 0.04% | +46,118 | NEW |
| 108 | JHG | JANUS HENDERSON GROUP PLC | — | — | — | — | $371K | 0.04% | −4,866 | −40.2% |
| 109 | HLNE | HAMILTON LANE CL A | — | — | — | — | $361K | 0.04% | +3,634 | NEW |
| 110 | XHR | XENIA HOTELS & RESORTS | — | — | — | — | $348K | 0.04% | +23,462 | NEW |
| 111 | CG | CARLYLE GROUP | — | — | — | — | $341K | 0.04% | +7,055 | NEW |
| 112 | BNL | BROADSTONE NET LEASE | — | — | — | — | $271K | 0.03% | — | HELD |
| 113 | BFH | BREAD FINL HLDGS | — | — | — | — | $260K | 0.03% | +749 | +27.6% |
| 114 | VOYA | VOYA FINL | — | — | — | — | $239K | 0.03% | −31,814 | −90.1% |
| 115 | VTR | VENTAS | — | — | — | — | $232K | 0.03% | −3,548 | −55.5% |
| 116 | JXN | JACKSON FINL CL A | — | — | — | — | $227K | 0.03% | −589 | −21.5% |
| 117 | PYPL | PAYPAL HLDGS | — | — | — | — | $225K | 0.03% | +4,977 | NEW |
| 118 | EQR | EQUITY RESIDENTIAL | — | — | — | — | $223K | 0.03% | −14,165 | −79.0% |
| 119 | TRV | TRAVELERS COMPANIES | — | — | — | — | $220K | 0.02% | +754 | NEW |
| 120 | NTST | NETSTREIT | — | — | — | — | $206K | 0.02% | −18,231 | −62.4% |
| 121 | GPN | GLOBAL PAYMENTS | — | — | — | — | $205K | 0.02% | +3,046 | NEW |
| 122 | GCMG | GCM GROSVENOR CL A | — | — | — | — | $174K | 0.02% | +17,747 | NEW |
| 123 | SVC | SERVICE PPTYS TR | — | — | — | — | $127K | 0.01% | +94,090 | NEW |
| 124 | SHO | SUNSTONE HOTEL INVESTORS | — | — | — | — | $119K | 0.01% | +13,200 | NEW |
| 125 | BHR | BRAEMAR HOTELS & RESORTS | — | — | — | — | $98K | 0.01% | +41,436 | NEW |
| 126 | RPC | RIDGEPOST CAPITAL CL A | — | — | — | — | $81K | 0.01% | −446,367 | −97.6% |
| 127 | WAL | WESTERN ALLIANCE BANCORP | — | — | — | — | — | — | −432,672 | EXITED |
| 128 | MOFG | MIDWESTONE FINL GROUP INC NE | — | — | — | — | — | — | −797,816 | EXITED |
| 129 | WBS | WEBSTER FINL CORP | — | — | — | — | — | — | −384,743 | EXITED |
| 130 | ZION | ZIONS BANCORPORATION N A | — | — | — | — | — | — | −239,124 | EXITED |
| 131 | SF | STIFEL FINL CORP | — | — | — | — | — | — | −58,497 | EXITED |
| 132 | NMRK | NEWMARK GROUP INC | — | — | — | — | — | — | −418,973 | EXITED |
| 133 | CINF | CINCINNATI FINL CORP | — | — | — | — | — | — | −32,836 | EXITED |
| 134 | CME | CME GROUP INC | — | — | — | — | — | — | −19,187 | EXITED |
| 135 | LNKB | LINKBANCORP INC | — | — | — | — | — | — | −596,930 | EXITED |
| 136 | TCBK | TRICO BANCSHARES | — | — | — | — | — | — | −92,492 | EXITED |
| 137 | GABC | GERMAN AMERN BANCORP INC | — | — | — | — | — | — | −109,019 | EXITED |
| 138 | WLTH | WEALTHFRONT CORP | — | — | — | — | — | — | −314,187 | EXITED |
| 139 | LXP | LXP INDUSTRIAL TRUST | — | — | — | — | — | — | −83,499 | EXITED |
| 140 | PFSI | PENNYMAC FINL SVCS INC NEW | — | — | — | — | — | — | −28,562 | EXITED |
| 141 | ETOR | ETORO GROUP LTD | — | — | — | — | — | — | −104,861 | EXITED |
| 142 | MKTX | MARKETAXESS HLDGS INC | — | — | — | — | — | — | −20,252 | EXITED |
| 143 | AII | AMERICAN INTEGRITY INS GROUP | — | — | — | — | — | — | −153,491 | EXITED |
| 144 | MRX | MAREX GROUP PLC | — | — | — | — | — | — | −81,199 | EXITED |
| 145 | SKY | CHAMPION HOMES INC | — | — | — | — | — | — | −35,462 | EXITED |
| 146 | FSFG | FIRST SVGS FINL GROUP INC | — | — | — | — | — | — | −91,479 | EXITED |
| 147 | EZPW | EZCORP INC | — | — | — | — | — | — | −133,526 | EXITED |
| 148 | CSWC | CAPITAL SOUTHWEST CORP | — | — | — | — | — | — | −92,685 | EXITED |
| 149 | MRP | MILLROSE PPTYS INC | — | — | — | — | — | — | −53,978 | EXITED |
| 150 | ALRS | ALERUS FINL CORP | — | — | — | — | — | — | −67,134 | EXITED |
| 151 | FBP | FIRST BANCORP P R | — | — | — | — | — | — | −66,625 | EXITED |
| 152 | KINS | KINGSTONE COS INC | — | — | — | — | — | — | −78,256 | EXITED |
| 153 | TSLX | SIXTH STREET SPECIALTY LENDI | — | — | — | — | — | — | −58,423 | EXITED |
| 154 | BOW | BOWHEAD SPECIALTY HLDGS INC | — | — | — | — | — | — | −39,317 | EXITED |
| 155 | APAM | ARTISAN PARTNERS ASSET MGMT | — | — | — | — | — | — | −25,129 | EXITED |
| 156 | ELME | ELME COMMUNITIES | — | — | — | — | — | — | −54,049 | EXITED |
| 157 | SKT | TANGER INC | — | — | — | — | — | — | −27,829 | EXITED |
| 158 | DX | DYNEX CAP INC | — | — | — | — | — | — | −63,085 | EXITED |
| 159 | AMG | AFFILIATED MANAGERS GROUP IN | — | — | — | — | — | — | −2,557 | EXITED |
| 160 | LADR | LADDER CAP CORP | — | — | — | — | — | — | −66,561 | EXITED |
| 161 | PLD | PROLOGIS INC. | — | — | — | — | — | — | −5,722 | EXITED |
| 162 | FICO | FAIR ISAAC CORP | — | — | — | — | — | — | −423 | EXITED |
| 163 | KKR | KKR & CO INC | — | — | — | — | — | — | −4,308 | EXITED |
| 164 | BRK/B | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | — | — | −1,041 | EXITED |
| 165 | PGR | PROGRESSIVE CORP | — | — | — | — | — | — | −2,204 | EXITED |
| 166 | SHOP | SHOPIFY INC | — | — | — | — | — | — | −3,036 | EXITED |
| 167 | WPC | WP CAREY INC | — | — | — | — | — | — | −7,091 | EXITED |
| 168 | FIS | FIDELITY NATL INFORMATION SV | — | — | — | — | — | — | −5,609 | EXITED |
| 169 | BX | BLACKSTONE INC | — | — | — | — | — | — | −2,057 | EXITED |
| 170 | ARX | ACCELERANT HOLDINGS | — | — | — | — | — | — | −17,973 | EXITED |
| 171 | ARES | ARES MANAGEMENT CORPORATION | — | — | — | — | — | — | −1,557 | EXITED |
| 172 | BWIN | THE BALDWIN INSURANCE GRP IN | — | — | — | — | — | — | −10,454 | EXITED |
| 173 | EXR | EXTRA SPACE STORAGE INC | — | — | — | — | — | — | −1,884 | EXITED |
| 174 | GEN | GEN DIGITAL INC | — | — | — | — | — | — | −8,661 | EXITED |
| 175 | FVCB | FVCBANKCORP INC | — | — | — | — | — | — | −16,116 | EXITED |
| 176 | TPG | TPG INC | — | — | — | — | — | — | −3,405 | EXITED |
| 177 | FOUR | SHIFT4 PMTS INC | — | — | — | — | — | — | −3,409 | EXITED |
| 178 | HPP | HUDSON PAC PPTYS INC | — | — | — | — | — | — | −14,534 | EXITED |
Source: SEC EDGAR · accession 0001420506-26-001153. 13F discloses long positions only — shorts, foreign equities, and options are excluded.