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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 3 of 7  ·  126 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 USB U S BANCORP Financial Services 98,115.0 $5.1M 0.57% -275K -73.7% $52.01 +2.7%
42 UMBF UMB FINL Financial Services 43,740.0 $4.9M 0.56% +17K +64.8% $112.79 +12.8%
43 ESNT ESSENT GROUP Financial Services 75,024.0 $4.4M 0.49% NEW $58.44 +2.9%
44 PHM PULTEGROUP Consumer Cyclical 35,719.0 $4.2M 0.47% +5K +14.9% $117.61 -3.2%
45 SKYWARD SPECIALTY INSURANCE GROUP 94,379.0 $4.1M 0.46% -50K -34.8% $43.68
46 HTGC HERCULES CAPITAL Financial Services 277,666.0 $4.1M 0.46% +108K +63.4% $14.77 +4.9%
47 OMF ONEMAIN HLDGS Financial Services 75,795.0 $4.1M 0.46% NEW $53.49 +0.9%
48 THG HANOVER INSURANCE GROUP Financial Services 22,535.0 $3.9M 0.44% -15K -39.8% $173.35 +10.7%
49 WELL WELLTOWER Real Estate 19,277.0 $3.8M 0.43% -2K -8.1% $197.71 +10.1%
50 HYNE HOYNE BANCORP Financial Services 261,000.0 $3.8M 0.42% $14.47 +7.9%
51 DLR DIGITAL RLTY TR Real Estate 20,829.0 $3.8M 0.42% +15K +286.4% $180.21 +7.0%
52 NDAQ NASDAQ Financial Services 42,372.0 $3.6M 0.41% NEW $84.89 +7.1%
53 MAIN MAIN STREET CAPITAL Financial Services 67,667.0 $3.6M 0.40% NEW $52.96 -4.3%
54 ANNALY CAPITAL MGMT 165,250.0 $3.5M 0.39% +93K +128.0% $21.15
55 EQIX EQUINIX Real Estate 3,563.0 $3.5M 0.39% NEW $980.24 +10.1%
56 IVT INVENTRUST PPTYS Real Estate 111,953.0 $3.4M 0.38% -12K -10.0% $30.46 +2.8%
57 EGBN EAGLE BANCORP Financial Services 126,895.0 $3.2M 0.35% NEW $24.87 +0.8%
58 BXMT BLACKSTONE MORTGAGE TR CL A Real Estate 160,596.0 $3.1M 0.35% +129K +406.9% $19.15 -5.7%
59 ECPG ENCORE CAPITAL GROUP Financial Services 40,732.0 $2.9M 0.32% NEW $70.12 +16.6%
60 QCRH QCR HLDGS Financial Services 32,601.0 $2.8M 0.31% -100K -75.5% $85.45 +4.0%
Page 3 of 7  ·  126 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%