Fund Holdings

FJ Capital Management LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
NICOLET BANKSHARES0306,381+306,381045,534,3445.13%+45,534,344
SEACOAST BANKING OF FLORIDA(SBCF)0906,053+906,053027,444,3453.09%+27,444,345
HUNTINGTON BANCSHARES(HBAN)01,116,816+1,116,816017,478,1701.97%+17,478,170
BANKUNITED(BKU)0380,554+380,554017,185,8191.94%+17,185,819
EASTERN BANKSHARES(EBC)01,741,864+1,741,864034,070,8603.84%+34,070,860
TOWNEBANK0559,772+559,772018,847,5232.12%+18,847,523
CALIFORNIA BANCORP02,054,534+2,054,534036,406,3424.10%+36,406,342
CVB FINL(CVBF)0851,426+851,426016,509,1501.86%+16,509,150
NORTHERN TR(NTRS)079,026+79,026011,029,6591.24%+11,029,659
AMERIS BANCORP(ABCB)0134,868+134,868010,518,3551.18%+10,518,355
CHAIN BRIDGE BANCORP CL A0293,788+293,788010,253,2011.15%+10,253,201
EXZEO GROUP(XZO)0682,440+682,440010,011,3951.13%+10,011,395
AVIDIA BANCORP0497,258+497,25809,781,0651.10%+9,781,065
BANK OF AMERICA0189,376+189,37609,232,0801.04%+9,232,080
MORGAN STANLEY(MS)056,089+56,08909,230,5671.04%+9,230,567
CITIZENS FINL GROUP(CFG)0125,939+125,93907,552,5620.85%+7,552,562
INDEPENDENT BANK MICH0203,607+203,60706,780,1130.76%+6,780,113
SERVISFIRST BANCSHARES(SFBS)079,906+79,90605,819,5540.66%+5,819,554
CHARLES SCHWAB(SCHW)061,883+61,88305,815,7640.65%+5,815,764
STOCK YARDS BANCORP(SYBT)092,849+92,84906,154,9600.69%+6,154,960
JONES LANG LASALLE(JLL)031,881+31,88109,702,0261.09%+9,702,026
VIRTU FINL CL A(VIRT)0125,790+125,79005,532,2440.62%+5,532,244
AMERANT BANCORP CL A0245,913+245,91305,419,9230.61%+5,419,923
U S BANCORP(USB)098,115+98,11505,102,9610.57%+5,102,961
PALOMAR HLDGS(PLMR)045,433+45,43305,429,2440.61%+5,429,244
ESSENT GROUP(ESNT)075,024+75,02404,384,4030.49%+4,384,403
ONEMAIN HLDGS(OMF)075,795+75,79504,054,2750.46%+4,054,275
WELLTOWER(WELL)019,277+19,27703,811,2560.43%+3,811,256
FIRST MERCHANTS(FRME)0711,425+711,425027,553,4903.10%+27,553,490
CNO FINL GROUP0131,679+131,67905,406,7400.61%+5,406,740
NASDAQ(NDAQ)042,372+42,37203,596,9590.40%+3,596,959
MAIN STREET CAPITAL(MAIN)067,667+67,66703,583,6440.40%+3,583,644
ANNALY CAPITAL MGMT0165,250+165,25003,495,0380.39%+3,495,038
EQUINIX(EQIX)03,563+3,56303,492,5950.39%+3,492,595
INVENTRUST PPTYS(IVT)0111,953+111,95303,410,0880.38%+3,410,088
EAGLE BANCORP0126,895+126,89503,155,8790.36%+3,155,879
HORIZON BANCORP(HBNC)01,291,208+1,291,208021,395,3172.41%+21,395,317
DIGITAL RLTY TR(DLR)020,829+20,82903,753,5940.42%+3,753,594
ENCORE CAPITAL GROUP(ECPG)040,732+40,73202,856,1280.32%+2,856,128
AMERICAN HEALTHCARE REIT(AHR)058,592+58,59202,763,1990.31%+2,763,199
PNC FINL SERVICES GROUP(PNC)012,467+12,46702,594,2580.29%+2,594,258
ATLANTIC UNION BANKSHARES(AUB)072,243+72,24302,581,9650.29%+2,581,965
BLACKSTONE MORTGAGE TR CL A(BXMT)0160,596+160,59603,075,4130.35%+3,075,413
FIRST INDL RLTY TR(FR)042,501+42,50102,458,6830.28%+2,458,683
SOUTHERN FIRST BANCSHARES0807,223+807,223043,993,6544.95%+43,993,654
HCI GROUP037,287+37,28705,764,9430.65%+5,764,943
MSC INCOME FUND0171,058+171,05802,083,4860.23%+2,083,486
ROBINHOOD MARKETS CL A(HOOD)029,263+29,26302,027,9260.23%+2,027,926
FRANKLIN RES(BEN)085,724+85,72402,024,8010.23%+2,024,801
AXIS CAPITAL HLDGS019,825+19,82502,010,4530.23%+2,010,453
REINSURANCE GROUP OF AMERICA(RGA)09,722+9,72201,984,8440.22%+1,984,844
UNUM GROUP(UNM)026,346+26,34601,924,0480.22%+1,924,048
UMB FINL(UMBF)043,740+43,74004,933,4350.56%+4,933,435
TOLL BROTHERS(TOL)011,874+11,87401,620,4450.18%+1,620,445
SONIDA SENIOR LIVING(SNDA)045,472+45,47201,466,4720.17%+1,466,472
DAVE CL A(DAVE)08,280+8,28001,441,4650.16%+1,441,465
BRIXMOR PPTY GROUP(BRX)046,798+46,79801,347,7820.15%+1,347,782
MID-AMERICA APARTMENT COMMUNITIES(MAA)010,932+10,93201,335,0160.15%+1,335,016
RBB BANCORP01,511,408+1,511,408032,298,7893.64%+32,298,789
FIRSTCASH HLDGS(FCFS)05,491+5,49101,032,3080.12%+1,032,308
ELLINGTON FINL(EFC)081,687+81,6870967,9910.11%+967,991
HERCULES CAPITAL(HCXY)0277,666+277,66604,101,1270.46%+4,101,127
TRANSUNION(TRU)012,424+12,4240859,6170.10%+859,617
EQUITY LIFESTYLE PPTYS(ELS)013,239+13,2390826,3780.09%+826,378
MASTERCARD CL A(MA)01,518+1,5180758,4840.09%+758,484
SABRA HEALTH CARE REIT(SBRA)038,225+38,2250735,0670.08%+735,067
POSTAL RLTY TR CL A033,921+33,9210629,5740.07%+629,574
EASTGROUP PPTYS(EGP)07,930+7,93001,467,7640.17%+1,467,764
FEDERATED HERMES CL B(FHI)010,359+10,3590587,4590.07%+587,459
PULTEGROUP(PHM)035,719+35,71904,200,9120.47%+4,200,912
ENTERPRISE FINL SERVICES(EFSC)010,182+10,1820550,9480.06%+550,948
ESSENTIAL PPTYS RLTY TR017,665+17,6650536,3090.06%+536,309
NEPTUNE INSURANCE HLDGS CL A(NP)021,769+21,7690526,5920.06%+526,592
CTO RLTY GROWTH0116,343+116,34302,151,1820.24%+2,151,182
SIMON PPTY GROUP(SPG)02,639+2,6390492,2530.06%+492,253
RYMAN HOSPITALITY PPTYS(RHP)05,333+5,3330492,0760.06%+492,076
CAPITAL ONE FINL(COF)04,276+4,2760780,0710.09%+780,071
VERIS RESIDENTIAL024,246+24,2460457,5220.05%+457,522
CUBESMART(CUBE)012,089+12,0890443,0620.05%+443,062
SELECTIVE INSURANCE GROUP(SIGI)05,663+5,6630426,9340.05%+426,934
COPT DEFENSE PPTYS(CDP)013,900+13,9000425,3400.05%+425,340
MARKEL GROUP(MKL)0202+2020386,6420.04%+386,642
UNIVERSAL HEALTH RLTY INCOME TR09,409+9,4090380,7820.04%+380,782
GENWORTH FINL(GNW)046,118+46,1180374,4780.04%+374,478
JANUS HENDERSON GROUP PLC(JHG)07,224+7,2240371,0970.04%+371,097
HAMILTON LANE CL A(HLNE)03,634+3,6340361,2200.04%+361,220
XENIA HOTELS & RESORTS(XHR)023,462+23,4620347,9410.04%+347,941
CARLYLE GROUP(CG)07,055+7,0550341,3910.04%+341,391
VENTAS(VTR)02,842+2,8420232,4190.03%+232,419
PAYPAL HLDGS(PYPL)04,977+4,9770225,1100.03%+225,110
EQUITY RESIDENTIAL(EQR)03,770+3,7700222,9960.03%+222,996
TRAVELERS COMPANIES(TRV)0754+7540219,9270.02%+219,927
GLOBAL PAYMENTS(GPN)03,046+3,0460204,9960.02%+204,996
SYNCHRONY FINL(SYF)08,591+8,5910584,3600.07%+584,360
GCM GROSVENOR CL A017,747+17,7470173,9210.02%+173,921
SERVICE PPTYS TR(SVC)094,090+94,0900127,4920.01%+127,492
SUNSTONE HOTEL INVESTORS(SHO)013,200+13,2000118,9320.01%+118,932
JOHN MARSHALL BANCORP0412,273+412,27308,360,8960.94%+8,360,896
BRAEMAR HOTELS & RESORTS041,436+41,436097,7890.01%+97,789
BREAD FINL HLDGS03,466+3,4660259,5690.03%+259,569
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