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Portfolio (Quarterly) Guide ↗

FJ Capital Management LLC

· CIK 0001599170
13F Portfolio $888.1B AUM 126 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 50 New 32 Added 33 Reduced 52 Exited
Page 1 of 2  ·  32 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 NIC NICOLET BANKSHARES Financial Services 306,381.0 $45.5M 5.13% +286K +1400.3% $148.62 -5.1%
2 BCAL CALIFORNIA BANCORP Financial Services 2,054,534.0 $36.4M 4.10% +783K +61.6% $17.72 +5.0%
3 EBC EASTERN BANKSHARES Financial Services 1,741,864.0 $34.1M 3.84% +815K +87.9% $19.56 -0.6%
4 FRME FIRST MERCHANTS Financial Services 711,425.0 $27.6M 3.10% +78K +12.3% $38.73 +2.7%
5 HBNC HORIZON BANCORP Financial Services 1,291,208.0 $21.4M 2.41% +207K +19.1% $16.57 +7.9%
6 TOWN TOWNEBANK Financial Services 559,772.0 $18.8M 2.12% +377K +206.6% $33.67 +1.4%
7 CVBF CVB FINL Financial Services 851,426.0 $16.5M 1.86% +576K +209.5% $19.39 +2.0%
8 XZO EXZEO GROUP Financial Services 682,440.0 $10.0M 1.13% +445K +186.9% $14.67 -7.8%
9 JLL JONES LANG LASALLE Real Estate 31,881.0 $9.7M 1.09% +20K +170.8% $304.32 -5.1%
10 SYBT STOCK YARDS BANCORP Financial Services 92,849.0 $6.2M 0.69% +86K +1362.0% $66.29 +5.7%
11 HCI HCI GROUP Financial Services 37,287.0 $5.8M 0.65% +18K +96.0% $154.61 +1.2%
12 PLMR PALOMAR HLDGS Financial Services 45,433.0 $5.4M 0.61% +42K +1075.8% $119.50 -7.7%
13 CNO CNO FINL GROUP Financial Services 131,679.0 $5.4M 0.61% +93K +237.1% $41.06 +14.9%
14 UMBF UMB FINL Financial Services 43,740.0 $4.9M 0.56% +17K +64.8% $112.79 +12.8%
15 PHM PULTEGROUP Consumer Cyclical 35,719.0 $4.2M 0.47% +5K +14.9% $117.61 -3.2%
16 HTGC HERCULES CAPITAL Financial Services 277,666.0 $4.1M 0.46% +108K +63.4% $14.77 +4.9%
17 DLR DIGITAL RLTY TR Real Estate 20,829.0 $3.8M 0.42% +15K +286.4% $180.21 +7.0%
18 ANNALY CAPITAL MGMT 165,250.0 $3.5M 0.39% +93K +128.0% $21.15
19 BXMT BLACKSTONE MORTGAGE TR CL A Real Estate 160,596.0 $3.1M 0.35% +129K +406.9% $19.15 -5.7%
20 AHR AMERICAN HEALTHCARE REIT Real Estate 58,592.0 $2.8M 0.31% +8K +15.3% $47.16 +4.6%
Page 1 of 2  ·  32 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 91.5%
Real Estate 7.1%
Consumer Cyclical 0.8%
Healthcare 0.3%
Technology 0.1%
Industrials 0.1%