Fund Holdings

FJ Capital Management LLC

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
SOUTHSTATE BK CORP0527,942+527,942052,197,6265.57%+52,197,626
WESBANCO INC(WSBC)75,085654,296+579,2112,374,93920,891,6712.23%+18,516,732
EASTERN BANKSHARES INC(EBC)0976,342+976,342017,720,6071.89%+17,720,607
BANK AMERICA CORP0216,409+216,409011,164,5401.19%+11,164,540
FIRST MERCHANTS CORP(FRME)0294,718+294,718011,110,8691.19%+11,110,869
U S BANCORP DEL(USB)150,588347,926+197,3386,814,10716,815,2641.80%+10,001,157
PROSPERITY BANCSHARES INC(PB)0144,985+144,98509,619,7551.03%+9,619,755
STATE STR CORP(STT)068,000+68,00007,888,6800.84%+7,888,680
M/I HOMES INC(MHO)053,553+53,55307,735,1950.83%+7,735,195
FIRST AMERICAN FINL CORP(FAF)0118,691+118,69107,624,7100.81%+7,624,710
AVIDIA BANCORP INC0497,258+497,25807,429,0340.79%+7,429,034
CHARLES SCHWAB CORP(SCHW)076,650+76,65007,317,7760.78%+7,317,776
HANOVER INS GROUP INC(THG)27,52365,817+38,2944,675,33211,954,3421.28%+7,279,010
PENNYMAC FINL SVCS INC NEW(PFSI)051,559+51,55906,387,1290.68%+6,387,129
AMERICAN TOWER CORP NEW(AMT)1,7583,507+1,749388,5536,744,6640.72%+6,356,111
WALKER & DUNLOP INC(WD)062,168+62,16805,198,4880.56%+5,198,488
SEACOAST BKG CORP FLA(SBCF)1,154,4341,209,996+55,56231,885,46736,820,1783.93%+4,934,711
SOUTHERN FIRST BANCSHARES807,223807,223030,698,69135,614,6793.80%+4,915,988
MERCURY GENL CORP NEW(MCY)38,07483,592+45,5182,563,9037,086,9300.76%+4,523,027
HORIZON BANCORP INC(HBNC)0264,651+264,65104,237,0630.45%+4,237,063
GERMAN AMERN BANCORP INC(GABC)5,917112,580+106,663227,8644,421,0170.47%+4,193,153
TOLL BROTHERS INC(TOL)029,258+29,25804,041,7000.43%+4,041,700
HOMETRUST BANCSHARES INC(HTB)1,732,8771,680,469-52,40864,826,92968,798,4017.35%+3,971,472
HCI GROUP INC11,21129,567+18,3561,706,3145,674,7940.61%+3,968,480
FIRST FNDTN INC1,478,5742,057,660+579,0867,540,72711,461,1661.22%+3,920,439
INTERCONTINENTAL EXCHANGE IN(ICE)023,146+23,14603,899,6380.42%+3,899,638
OLD NATL BANCORP IND(ONB)617,226777,226+160,00013,171,60317,060,1111.82%+3,888,508
EQUITY BANCSHARES INC(EQBK)1,126,0961,222,791+96,69545,944,71749,767,5945.31%+3,822,877
CINCINNATI FINL CORP(CINF)22,65644,671+22,0153,373,9327,062,4850.75%+3,688,553
INVENTRUST PPTYS CORP(IVT)0124,373+124,37303,559,5550.38%+3,559,555
RADIAN GROUP INC(RDN)098,159+98,15903,555,3190.38%+3,555,319
LXP INDUSTRIAL TRUST(LXP)0394,529+394,52903,534,9800.38%+3,534,980
ARBOR REALTY TRUST INC0268,673+268,67303,280,4970.35%+3,280,497
CITIGROUP INC(C)031,975+31,97503,245,4630.35%+3,245,463
UMB FINL CORP(UMBF)026,549+26,54903,142,0740.34%+3,142,074
STIFEL FINL CORP(SF)025,978+25,97802,947,7240.31%+2,947,724
VOYA FINANCIAL INC(VOYA)5,64043,507+37,867400,4403,254,3240.35%+2,853,884
ANNALY CAPITAL MANAGEMENT IN52,796185,233+132,437993,6213,743,5590.40%+2,749,938
RYAN SPECIALTY HOLDINGS INC(RYAN)047,822+47,82202,695,2480.29%+2,695,248
ACADIA RLTY TR89,739205,209+115,4701,666,4534,134,9610.44%+2,468,508
GLOBE LIFE INC10,75125,828+15,0771,336,2423,692,6290.39%+2,356,387
SLM CORP(SLM)079,309+79,30902,195,2730.23%+2,195,273
BANK FIRST CORP(BFC)017,662+17,66202,142,5770.23%+2,142,577
NICOLET BANKSHARES INC015,753+15,75302,118,7790.23%+2,118,779
SIXTH STREET SPECIALTY LENDING(TSLX)091,827+91,82702,099,1650.22%+2,099,165
CNO FINL GROUP INC052,008+52,00802,056,9160.22%+2,056,916
CHAIN BRIDGE BANCORP INC293,788293,78807,570,9179,615,6811.03%+2,044,764
JONES LANG LASALLE INC(JLL)22,35225,312+2,9605,717,1957,550,0630.81%+1,832,868
FIRST INDL RLTY TR INC(FR)033,615+33,61501,730,1640.18%+1,730,164
TAYLOR MORRISON HOME CORP(TMHC)69,59489,887+20,2934,274,4635,933,4410.63%+1,658,978
REALTY INCOME CORP(O)026,865+26,86501,633,1230.17%+1,633,123
MERCHANTS BANCORP IND(MBIN)238,580297,156+58,5767,889,8419,449,5611.01%+1,559,720
NEWMARK GROUP INC(NMRK)083,379+83,37901,555,0180.17%+1,555,018
AON PLC(AON)04,176+4,17601,489,0780.16%+1,489,078
APOLLO COML REAL EST FIN INC(ARI)165,317299,904+134,5871,600,2693,038,0280.32%+1,437,759
SIRIUSPOINT LTD(SPNT)067,270+67,27001,216,9140.13%+1,216,914
HOME BANCSHARES INC(HOMB)042,191+42,19101,194,0050.13%+1,194,005
CALIFORNIA BANCORP1,271,6361,271,636020,040,98321,210,8882.26%+1,169,905
EQUITY RESIDENTIAL(EQR)017,935+17,93501,160,9330.12%+1,160,933
ANYWHERE REAL ESTATE INC0107,971+107,97101,143,4130.12%+1,143,413
HERCULES CAPITAL INC(HCXY)150,435203,991+53,5562,749,9523,857,4700.41%+1,107,518
MASTERCARD INCORPORATED(MA)01,894+1,89401,077,3260.12%+1,077,326
REINSURANCE GRP OF AMERICA I(RGA)16,48822,466+5,9783,270,5604,316,3930.46%+1,045,833
WP CAREY INC(WPC)3,47618,255+14,779216,8331,233,4900.13%+1,016,657
PROLOGIS INC.(PLD)08,693+8,6930995,5220.11%+995,522
SUN LIFE FINANCIAL INC.(SLF)016,324+16,3240979,9300.10%+979,930
AMERICAN HEALTHCARE REIT(AHR)62,99477,881+14,8872,314,4003,271,7810.35%+957,381
HERITAGE INSURANCE HLDGS INC037,745+37,7450950,4190.10%+950,419
ESSENTIAL PPTYS RLTY TR INC7,52037,997+30,477239,9631,130,7910.12%+890,828
JOHN MARSHALL BANCORP INC413,353429,908+16,5557,659,4318,520,7770.91%+861,346
HEALTHEQUITY INC(HQY)08,376+8,3760793,7940.08%+793,794
WELLTOWER INC(WELL)28,45428,845+3914,374,2335,138,4480.55%+764,215
MAREX GROUP PLC(MRX)62,69695,683+32,9872,474,6113,216,8620.34%+742,251
CUBESMART(CUBE)015,225+15,2250619,0490.07%+619,049
GCM GROSVENOR INC050,728+50,7280612,2870.07%+612,287
AFFILIATED MANAGERS GROUP IN02,557+2,5570609,6650.07%+609,665
KINGSTONE COS INC041,329+41,3290607,5360.06%+607,536
EXTRA SPACE STORAGE INC(EXR)5,2259,758+4,533770,3741,375,2930.15%+604,919
CURBLINE PPTYS CORP(CURB)027,065+27,0650603,5500.06%+603,550
VISA INC(V)1,8063,625+1,819641,2201,237,5030.13%+596,283
OLD SECOND BANCORP INC ILL(OSBC)1,837,3331,919,934+82,60132,594,28733,186,0593.54%+591,772
TPG INC(TPG)010,044+10,0440577,0280.06%+577,028
JANUS HENDERSON GROUP PLC21,88732,041+10,154850,0911,426,1450.15%+576,054
ELME COMMUNITIES030,502+30,5020514,2640.05%+514,264
MIDWESTONE FINL GROUP INC NE766,202796,883+30,68122,043,63222,543,8202.41%+500,188
BROWN & BROWN INC(BRO)35,95847,837+11,8793,986,6634,486,6320.48%+499,969
NNN REIT INC(NNN)011,568+11,5680492,4500.05%+492,450
CARLYLE GROUP INC(CG)3,94610,696+6,750202,824670,6390.07%+467,815
HUMANA INC(HUM)01,716+1,7160446,4520.05%+446,452
GALLAGHER ARTHUR J & CO(AJG)01,371+1,3710424,6540.05%+424,654
ACI WORLDWIDE9,30615,304+5,998427,238807,5920.09%+380,354
COUSINS PPTYS INC(CUZ)21,94134,262+12,321658,888991,5420.11%+332,654
FRANKLIN RESOURCES INC(BEN)16,37531,236+14,861390,544722,4890.08%+331,945
SOUTHERN MO BANCORP INC(SMBC)282,942300,944+18,00215,499,56315,817,6171.69%+318,054
ARTISAN PARTNERS ASSET MGMT(APAM)17,54025,129+7,589777,5481,090,5990.12%+313,051
PARAMOUNT GROUP INC046,975+46,9750307,2170.03%+307,217
JACKSON FINANCIAL INC(JXN)02,946+2,9460298,2240.03%+298,224
SHIFT4 PMTS INC(FOUR)03,409+3,4090263,8570.03%+263,857
HOULIHAN LOKEY INC(HLI)12,08211,860-2222,174,1562,435,0950.26%+260,939
PARK HOTELS & RESORTS INC(PK)023,519+23,5190260,5910.03%+260,591
Page 1 of 2