2026 Q1 Portfolio Activity
In 2026 Q1, FJ Capital Management LLC maintained a portfolio of 178 distinct positions. The most significant new addition was HUNTINGTON BANCSHARES, now representing 1.97% of the total fund value. They heavily accumulated shares in NICOLET BANKSHARES, increasing the position by 1400.3%. Conversely, FJ Capital Management LLC completely exited their position in WESTERN ALLIANCE BANCORP.
Position History
hover any row below to update
Loading…
Total Positions
178
Quarter
2026 Q1
Top Holding
SSB (8.1%)
Top 10 Concentration
48.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 178
FJ Capital Management LLC Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
SSB
SOUTHSTATE BANK
|
Financial Services | 8.11% | 8.45% |
#1
Prev: #1
|
5.7 |
—
|
-34,406 | -4.2% |
P
S
|
778,627 | $72,038,570 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HTB
HOMETRUST BANCS...
|
Financial Services | 7.46% | 8.03% |
#2
Prev: #2
|
5.0 |
—
|
-139,128 | -8.2% |
P
S
|
1,554,425 | $66,296,226 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NIC
NICOLET BANKSHA...
|
Financial Services | 5.13% | 0.27% |
#3
62
Prev: #65
|
6.1 |
—
|
285,960 | 1400.3% |
P
S
|
306,381 | $45,534,344 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SFST
SOUTHERN FIRST ...
|
Financial Services | 4.95% | 4.59% |
#4
1
Prev: #5
|
3.5 |
—
|
no change | no change |
P
S
|
807,223 | $43,993,654 | 2014 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EQBK
EQUITY BANCSHAR...
|
Financial Services | 4.61% | 6.04% |
#5
2
Prev: #3
|
2.3 |
—
|
-304,613 | -24.9% |
P
S
|
921,074 | $40,904,896 | 2015 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BCAL
CALIFORNIA BANC...
|
Financial Services | 4.10% | 2.62% |
#6
6
Prev: #12
|
4.6 |
—
|
782,898 | 61.6% |
P
S
|
2,054,534 | $36,406,342 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EBC
EASTERN BANKSHA...
|
Financial Services | 3.84% | 1.89% |
#7
9
Prev: #16
|
4.5 |
—
|
815,023 | 87.9% |
P
S
|
1,741,864 | $34,070,860 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RBB
RBB BANCORP
|
Financial Services | 3.64% | 3.44% |
#8
Prev: #8
|
2.5 |
—
|
no change | no change |
P
S
|
1,511,408 | $32,298,789 | 2017 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
OSBC
OLD SECOND BANC...
|
Financial Services | 3.42% | 3.94% |
#9
2
Prev: #7
|
1.9 |
—
|
-324,563 | -17.7% |
P
S
|
1,505,102 | $30,342,856 | 2014 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FRME
FIRST MERCHANTS
|
Financial Services | 3.10% | 2.62% |
#10
1
Prev: #11
|
3.2 |
—
|
77,757 | 12.3% |
P
S
|
711,425 | $27,553,490 | 2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SBCF
SEACOAST BANKIN...
|
Financial Services | 3.09% | 4.72% |
#11
7
Prev: #4
|
1.2 |
—
|
-455,624 | -33.5% |
P
S
|
906,053 | $27,444,345 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HBNC
HORIZON BANCORP
|
Financial Services | 2.41% | 2.03% |
#12
2
Prev: #14
|
3.0 |
—
|
207,368 | 19.1% |
P
S
|
1,291,208 | $21,395,317 | 2016 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TOWN
TOWNEBANK
|
Financial Services | 2.12% | 0.67% |
#13
19
Prev: #32
|
3.8 |
—
|
377,186 | 206.6% |
P
S
|
559,772 | $18,847,523 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HBAN
HUNTINGTON BANC...
|
Financial Services | 1.97% | — |
#14
Prev: #—
|
4.3 |
—
|
1,116,816 | — |
NEW
|
1,116,816 | $17,478,170 | 2018 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BKU
BANKUNITED
|
Financial Services | 1.94% | — |
#15
Prev: #—
|
4.3 |
—
|
380,554 | — |
NEW
|
380,554 | $17,185,819 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CVBF
CVB FINL
|
Financial Services | 1.86% | 0.56% |
#16
20
Prev: #36
|
3.7 |
—
|
576,294 | 209.5% |
P
S
|
851,426 | $16,509,150 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ONB
OLD NATIONAL BA...
|
Financial Services | 1.78% | 1.77% |
#17
1
Prev: #18
|
1.7 |
—
|
no change | no change |
P
S
|
717,018 | $15,846,098 | 2016 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SMBC
SOUTHERN MISSOU...
|
Financial Services | 1.46% | 1.96% |
#18
3
Prev: #15
|
0.6 |
—
|
-98,517 | -32.7% |
P
S
|
202,427 | $12,943,182 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
INDB
INDEPENDENT BAN...
|
Financial Services | 1.40% | 1.86% |
#19
2
Prev: #17
|
0.6 |
—
|
-64,880 | -28.1% |
P
S
|
165,653 | $12,458,762 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NTRS
NORTHERN TR
|
Financial Services | 1.24% | — |
#20
Prev: #—
|
4.0 |
—
|
79,026 | — |
NEW
|
79,026 | $11,029,659 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ABCB
AMERIS BANCORP
|
Financial Services | 1.18% | — |
#21
Prev: #—
|
4.0 |
—
|
134,868 | — |
NEW
|
134,868 | $10,518,355 | 2015 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CBNA
CHAIN BRIDGE BA...
|
Financial Services | 1.15% | 1.12% |
#22
2
Prev: #24
|
1.5 |
—
|
no change | no change |
P
S
|
293,788 | $10,253,201 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
XZO
EXZEO GROUP
|
Financial Services | 1.13% | 0.64% |
#23
10
Prev: #33
|
3.5 |
—
|
444,584 | 186.9% |
P
S
|
682,440 | $10,011,395 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AVBC
AVIDIA BANCORP
|
Financial Services | 1.10% | 0.92% |
#24
1
Prev: #25
|
1.4 |
—
|
no change | no change |
P
S
|
497,258 | $9,781,065 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JLL
JONES LANG LASA...
|
Real Estate | 1.09% | 0.44% |
#25
21
Prev: #46
|
3.4 |
—
|
20,107 | 170.8% |
P
S
|
31,881 | $9,702,026 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BAC
BANK OF AMERICA
|
Financial Services | 1.04% | — |
#26
Prev: #—
|
3.9 |
—
|
189,376 | — |
NEW
|
189,376 | $9,232,080 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MS
MORGAN STANLEY
|
Financial Services | 1.04% | 1.47% |
#27
7
Prev: #20
|
0.4 |
—
|
-18,670 | -25.0% |
P
S
|
56,089 | $9,230,567 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WSBC
WESBANCO
|
Financial Services | 0.95% | 1.27% |
#28
6
Prev: #22
|
0.4 |
—
|
-103,293 | -29.8% |
P
S
|
243,843 | $8,410,145 | 2020 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JMSB
JOHN MARSHALL B...
|
Financial Services | 0.94% | 0.91% |
#29
3
Prev: #26
|
0.9 |
—
|
-672 | -0.2% |
P
S
|
412,273 | $8,360,896 | 2023 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CFG
CITIZENS FINL G...
|
Financial Services | 0.85% | — |
#30
Prev: #—
|
3.8 |
—
|
125,939 | — |
NEW
|
125,939 | $7,552,562 | 2017 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
IBCP
INDEPENDENT BAN...
|
Financial Services | 0.76% | 1.38% |
#31
10
Prev: #21
|
0.3 |
—
|
-181,481 | -47.1% |
P
S
|
203,607 | $6,780,113 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HWBK
HAWTHORN BANCSH...
|
Financial Services | 0.72% | 0.73% |
#32
1
Prev: #31
|
1.3 |
—
|
no change | no change |
P
S
|
190,710 | $6,425,020 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SYBT
STOCK YARDS BAN...
|
Financial Services | 0.69% | 0.05% |
#33
74
Prev: #107
|
3.3 |
—
|
86,498 | 1362.0% |
P
S
|
92,849 | $6,154,960 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SFBS
SERVISFIRST BAN...
|
Financial Services | 0.66% | — |
#34
Prev: #—
|
3.8 |
—
|
79,906 | — |
NEW
|
79,906 | $5,819,554 | 2014 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SCHW
CHARLES SCHWAB
|
Financial Services | 0.65% | — |
#35
Prev: #—
|
3.8 |
—
|
61,883 | — |
NEW
|
61,883 | $5,815,764 | 2017 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HCI
HCI GROUP
|
Financial Services | 0.65% | 0.40% |
#36
16
Prev: #52
|
3.3 |
—
|
18,268 | 96.1% |
P
S
|
37,287 | $5,764,943 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
VIRT
VIRTU FINL CL A
|
Financial Services | 0.62% | — |
#37
Prev: #—
|
3.7 |
—
|
125,790 | — |
NEW
|
125,790 | $5,532,244 | 2021 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PLMR
PALOMAR HLDGS
|
Financial Services | 0.61% | 0.06% |
#38
63
Prev: #101
|
3.2 |
—
|
41,569 | 1075.8% |
P
S
|
45,433 | $5,429,244 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMTB
AMERANT BANCORP...
|
Financial Services | 0.61% | — |
#39
Prev: #—
|
3.7 |
—
|
245,913 | — |
NEW
|
245,913 | $5,419,923 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CNO
CNO FINL GROUP
|
Financial Services | 0.61% | 0.18% |
#40
28
Prev: #68
|
3.2 |
—
|
92,616 | 237.1% |
P
S
|
131,679 | $5,406,740 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
USB
U S BANCORP
|
Financial Services | 0.57% | 2.20% |
#41
28
Prev: #13
|
0.2 |
—
|
-275,318 | -73.7% |
P
S
|
98,115 | $5,102,961 | 2025 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UMBF
UMB FINL
|
Financial Services | 0.56% | 0.34% |
#42
16
Prev: #58
|
3.2 |
—
|
17,191 | 64.8% |
P
S
|
43,740 | $4,933,435 | 2024 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ESNT
ESSENT GROUP
|
Financial Services | 0.49% | — |
#43
Prev: #—
|
3.7 |
—
|
75,024 | — |
NEW
|
75,024 | $4,384,403 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PHM
PULTEGROUP
|
Consumer Cyclical | 0.47% | 0.40% |
#44
9
Prev: #53
|
2.2 |
—
|
4,644 | 14.9% |
P
S
|
35,719 | $4,200,912 | 2021 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SKWD
SKYWARD SPECIAL...
|
Financial Services | 0.46% | 0.82% |
#45
18
Prev: #27
|
0.2 |
—
|
-50,357 | -34.8% |
P
S
|
94,379 | $4,122,475 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HTGC
HERCULES CAPITA...
|
Financial Services | 0.46% | 0.35% |
#46
9
Prev: #55
|
3.2 |
—
|
107,682 | 63.3% |
P
S
|
277,666 | $4,101,127 | 2017 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
OMF
ONEMAIN HLDGS
|
Financial Services | 0.46% | — |
#47
Prev: #—
|
3.7 |
—
|
75,795 | — |
NEW
|
75,795 | $4,054,275 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
THG
HANOVER INSURAN...
|
Financial Services | 0.44% | 0.76% |
#48
18
Prev: #30
|
0.2 |
—
|
-14,892 | -39.8% |
P
S
|
22,535 | $3,906,442 | 2017 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WELL
WELLTOWER
|
Bond/Debt | 0.43% | 0.43% |
#49
2
Prev: #47
|
0.7 |
—
|
-1,698 | -8.1% |
P
S
|
19,277 | $3,811,256 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HYNE
HOYNE BANCORP
|
Financial Services | 0.43% | 0.42% |
#50
2
Prev: #48
|
1.2 |
—
|
no change | no change |
P
S
|
261,000 | $3,777,975 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-50 of 178 holdings