FJ Capital Management LLC

Name: FJ Capital Management LLC: Form 13F holdings for the quarter ended 2026-06-30
Creator: Listed

An institutional investment manager in MCLEAN, VA. Its Form 13F for the quarter ended Jun 30, 2026, filed Aug 14, 2026. SEC CIK 1599170.

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Reported value$770.4m
Positions120

Holdings: 120 positions

The filing on sec.gov

As filed, largest first. Reported value is what the manager stated for each position at the quarter end, in US dollars; it is filing data, not a price. Weight is the position's share of the total reported value. Changes compare with the 13F for the quarter ended 2026-03-31. The filing's table has 121 lines; lines for the same security and option type are added together here.

FJ Capital Management LLC, holdings
Issuer	Class	CUSIP	Reported value$m	Weight	Shares	Change on the quarter before
Southern First BancsharesSFST	COM	842873101	54.5	7.1%	892,223	Added+85,000
Equity BancsharesEQBK	COM CL A	29460X109	47.1	6.1%	961,492	Added+40,418
Nicolet BanksharesNIC	COM	65406E102	45.9	6.0%	277,243	Reduced−29,138
Southstate BankSSB	COM	84472E102	43.9	5.7%	438,973	Reduced−339,654
California BancorpBCAL	COM	84252A106	42.8	5.6%	2,054,534	Unchanged
Hometrust BancsharesHTB	COM	437872104	41.9	5.4%	839,115	Reduced−715,310
Townebank	COM	89214P109	36.5	4.7%	1,008,071	Added+448,299
Old Second Bancorp Inc DelOSBC	COM	680277100	34.1	4.4%	1,460,413	Reduced−44,689
Seacoast Banking of FloridaSBCF	COM	811707801	33.5	4.3%	1,006,363	Added+100,310
First MerchantsFRME	COM	320817109	31.1	4.0%	711,425	Unchanged
CVB Finl CorpCVBF	COM	126600105	29.2	3.8%	1,295,322	Added+443,896
Bank of Hawaii CorpBOH	COM	062540109	25.5	3.3%	312,693	New+312,693
Horizon BancorpHBNC	COM	440407104	24.9	3.2%	1,246,550	Reduced−44,658
Huntington BancsharesHBAN	COM	446150104	24.2	3.1%	1,364,029	Added+247,213
Truist Finl CorpTFC	COM	89832Q109	22.2	2.9%	446,477	New+446,477
UMB FinlUMBF	COM	902788108	18.2	2.4%	127,486	Added+83,746
Chain Bridge BancorpCBNA	COM CL A	15746L100	12.4	1.6%	293,788	Unchanged
Avidia Bancorp IncAVBC	COMMON STOCK	05369T100	10.4	1.4%	497,258	Unchanged
LPL Finl Holdings IncLPLA	COM	50212V100	8.4	1.1%	29,967	New+29,967
Annaly Capital MGMTNLY	COM	035710839	8.2	1.1%	376,036	Added+210,786
Hawthorn BancsharesHWBK	COM	420476103	7.5	1.0%	190,710	Unchanged
Independent Bank MichIBCP	COM NEW	453838609	7.3	1.0%	203,607	Unchanged
Wells Fargo & CoWFC	COM	949746101	6.7	0.9%	80,810	New+80,810
American Healthcare REITAHR	COM	398182303	6.6	0.9%	127,389	Added+68,797
First American Finl CorpFAF	COM	31847R102	6.3	0.8%	91,643	New+91,643
Stock Yards BancorpSYBT	COM	861025104	6.2	0.8%	81,359	Reduced−11,490
Jones Lang LasalleJLL	COM	48020Q107	5.8	0.8%	18,851	Reduced−13,030
Firstcash HoldingsFCFS	COM	33768G107	4.9	0.6%	22,683	Added+17,192
Champion Homes IncSKY	COM	830830105	4.4	0.6%	50,348	New+50,348
Miami International Holdings IncMIAX	COM	59356Q108	4.4	0.6%	119,299	New+119,299
Hoyne BancorpHYNE	COM	44326H107	4.4	0.6%	261,000	Unchanged
WelltowerWELL	COM SH BEN INT	95040Q104	4.3	0.6%	19,095	Reduced−182
Marketaxess Holdings IncMKTX	COM	57060D108	4.2	0.5%	37,237	New+37,237
CNO Finl GroupCNO	COM	12621E103	4.2	0.5%	82,078	Reduced−49,601
Hercules Capital IncHTGC	COM	427096508	3.9	0.5%	249,039	Reduced−28,627
CME Group IncCME	COM	12572Q105	3.9	0.5%	17,754	New+17,754
Exzeo GroupXZO	COM	30234F101	3.8	0.5%	223,788	Reduced−458,652
Encore Capital Group IncECPG	COM	292554102	3.6	0.5%	38,144	Reduced−2,588
Reinsurance Group of AmericaRGA	COM	759351604	3.4	0.4%	16,077	Added+6,355
Toll BrothersTOL	COM	889478103	3.1	0.4%	19,047	Added+7,173
Etoro Group Ltd	SHS CL A	G32089107	2.9	0.4%	73,077	New+73,077
Main Street CapitalMAIN	COM	56035L104	2.8	0.4%	53,085	Reduced−14,582
First Indl Rlty TRFR	COM SH BEN INT	32054K103	2.7	0.4%	44,161	Added+1,660
Arthur J Gallagher & CoAJG	COM	363576109	2.7	0.3%	11,571	New+11,571
CTO Rlty Growth Inc NewCTO	COM	22948Q101	2.6	0.3%	120,922	Added+4,579
MSC Income FundMSIF	COM	55374X208	2.4	0.3%	206,254	Added+35,196
Ameris BancorpABCB	COM	03076K108	2.4	0.3%	26,377	Reduced−108,491
UDR IncUDR	COM	902653104	2.4	0.3%	59,259	New+59,259
Inventrust PptysIVT	COM	46124J201	2.4	0.3%	66,542	Reduced−45,411
Houlihan LokeyHLI	CL A	441593100	2.3	0.3%	17,497	New+17,497
Brixmor Ppty Group IncBRX	COM	11120U105	2.2	0.3%	71,166	Added+24,368
Skyward Specialty Insurance GroupSKWD	COM	830940102	2.2	0.3%	36,966	Reduced−57,413
TPG Re Finance TR IncTRTX	COM	87266M107	2.1	0.3%	249,738	New+249,738
Federated HermesFHI	COM CL B	314211103	2.1	0.3%	37,556	Added+27,197
Globe Life IncGL	COM	37959E102	2.1	0.3%	11,558	Added+1,211
Ally Finl IncALLY	COM	02005N100	1.9	0.3%	42,195	New+42,195
Eastgroup Pptys IncEGP	COM	277276101	1.9	0.2%	9,402	Added+1,472
Dave IncDAVE	COM CL A	23834J201	1.5	0.2%	3,900	Reduced−4,380
Redwood TRRWT	COM	758075402	1.4	0.2%	304,416	New+304,416
HCI GroupHCI	COM	40416E103	1.4	0.2%	7,787	Reduced−29,500
Synchrony FinlSYF	COM	87165B103	1.3	0.2%	16,838	Added+8,247
Block IncXYZ	CL A	852234103	1.2	0.2%	16,318	New+16,318
Franklin ResBEN	COM	354613101	1.1	0.1%	33,415	Reduced−52,309
Capital One FinlCOF	COM	14040H105	0.9	0.1%	4,718	Added+442
Mastercard IncorporatedMA	COM CL A	57636Q104	0.9	0.1%	1,810	Added+292
Piedmont Rlty TR IncPDM	COM CL A	720190206	0.9	0.1%	100,262	New+100,262
Diamondrock Hospitality CoDRH	COM	252784301	0.8	0.1%	69,618	New+69,618
Hanover Insurance GroupTHG	COM	410867105	0.8	0.1%	3,957	Reduced−18,578
Affirm Holdings IncAFRM	COM CL A	00827B106	0.8	0.1%	10,378	New+10,378
Postal Rlty TRPSTL	COM CL A	73757R102	0.8	0.1%	33,921	Unchanged
Rocket Cos IncRKT	COM CL A	77311W101	0.8	0.1%	49,765	New+49,765
Slide Insurance Holdings IncSLDE	COM	831349105	0.8	<0.1%	39,757	New+39,757
Everest Group	COM	G3223R108	0.8	<0.1%	2,147	New+2,147
Chime Finl IncCHYM	COM SHS CL A	16935C109	0.7	<0.1%	36,618	New+36,618
Neptune Insurance HoldingsNP	COM CL A	64073B103	0.7	<0.1%	22,993	Added+1,224
Visa IncV	COM CL A	92826C839	0.7	<0.1%	2,020	Unchanged
American Homes 4 RentAMH	CL A	02665T306	0.7	<0.1%	20,264	New+20,264
Siriuspoint Ltd	COM	G8192H106	0.7	<0.1%	28,197	Reduced−15,946
Enterprise Finl ServicesEFSC	COM	293712105	0.7	<0.1%	10,182	Unchanged
American Finl GroupAFG	COM	025932104	0.7	<0.1%	4,782	New+4,782
Janus Living IncJAN	CL A-1	471024109	0.6	<0.1%	21,522	New+21,522
ACI Worldwide IncACIW	COM	004498101	0.6	<0.1%	11,949	Unchanged
Elevance Health Inc FormerlyELV	COM	036752103	0.6	<0.1%	1,433	New+1,433
Bread Finl HoldingsBFH	COM	018581108	0.5	<0.1%	5,007	Added+1,541
Xenia Hotels & ResortsXHR	COM	984017103	0.5	<0.1%	26,301	Added+2,839
Ridgepost CapitalRPC	COM CL A	69376K106	0.5	<0.1%	66,926	Added+55,819
Ryman Hospitality PptysRHP	COM SH BEN INT	78377T107	0.5	<0.1%	4,078	Reduced−1,255
Camden Ppty TRCPT	SH BEN INT	133131102	0.5	<0.1%	4,539	New+4,539
Carlyle GroupCG	COM	14316J108	0.5	<0.1%	12,149	Added+5,094
Copt Defense PptysCDP	SHS BEN INT	22002T108	0.5	<0.1%	13,900	Unchanged
Mercury General Corp NewMCY	COM	589400100	0.5	<0.1%	4,682	New+4,682
Klarna Group plc	SHS	G5279N105	0.5	<0.1%	24,539	New+24,539
LXP Indl TRLXP	COM	529043408	0.5	<0.1%	9,150	New+9,150
RLJ Lodging TRRLJ	COM	74965L101	0.5	<0.1%	41,508	New+41,508
Markel GroupMKL	COM	570535104	0.5	<0.1%	251	Added+49
Iron Mountain Inc DelIRM	COM	46284V101	0.5	<0.1%	3,814	New+3,814
TransunionTRU	COM	89400J107	0.4	<0.1%	6,113	Reduced−6,311
Assurant IncAIZ	COM	04621X108	0.4	<0.1%	1,576	New+1,576
Universal Health Rlty Income TRUHT	COM SH BEN INT	91359E105	0.4	<0.1%	9,409	Unchanged
Goosehead Insurance IncGSHD	COM CL A	38267D109	0.4	<0.1%	7,925	New+7,925
Janus Henderson Group plc	ORD	G4474Y214	0.4	<0.1%	7,224	Unchanged
Frontview REIT IncFVR	COM	35922N100	0.4	<0.1%	18,489	New+18,489
Octave Specialty Group IncOSG	COM NEW	023139884	0.4	<0.1%	57,937	New+57,937
Curbline Pptys CorpCURB	COM	23128Q101	0.4	<0.1%	11,806	Reduced−12,847
Sunstone Hotel InvestorsSHO	COM	867892101	0.3	<0.1%	28,835	Added+15,635
Essential Pptys Rlty TREPRT	COM SH BEN INT	29670E107	0.3	<0.1%	10,539	Reduced−7,126
Broadstone Net LeaseBNL	COM	11135E203	0.3	<0.1%	14,817	Unchanged
Bowhead Specialty Holdings IncBOW	COM SHS	10240L102	0.3	<0.1%	8,405	New+8,405
Macerich CoMAC	COM	554382101	0.2	<0.1%	9,738	New+9,738
Chubb Limited	COM	H1467J104	0.2	<0.1%	712	New+712
Mid-America Apartment CommunitiesMAA	COM SH BEN INT	59522J103	0.2	<0.1%	1,713	Reduced−9,219
Principal Finl Group IncPFG	COM	74251V102	0.2	<0.1%	2,181	New+2,181
BXP IncBXP	COM	101121101	0.2	<0.1%	3,533	New+3,533
CubesmartCUBE	COM SH BEN INT	229663109	0.2	<0.1%	5,806	Reduced−6,283
Centene Corp DelCNC	COM	15135B101	0.2	<0.1%	3,497	New+3,497
Park Hotels & Resorts IncPK	COM	700517105	0.2	<0.1%	15,559	New+15,559
Jackson FinlJXN	COM CL A	46817M107	0.2	<0.1%	2,148	Unchanged
GEN Digital IncGEN	COM	668771108	0.2	<0.1%	8,661	New+8,661
SBA Communications CorpSBAC	CL A	78410G104	0.2	<0.1%	1,200	New+1,200
Braemar Hotels & ResortsBHR	COM	10482B101	0.1	<0.1%	44,916	Added+3,480

Sold out: 53 positions

Held at the end of the quarter before and not reported this quarter.

FJ Capital Management LLC, positions sold out
Issuer	Class	CUSIP	Weight	Change on the quarter before
Acadia Rlty TRAKR	COM SH BEN INT	004239109	0.0%	Sold out−106,677
Agree RltyADC	COM	008492100	0.0%	Sold out−31,696
Amerant Bancorp CL aAMTB	COM CL A	023576101	0.0%	Sold out−245,913
Atlantic Union BanksharesAUB	COM	04911A107	0.0%	Sold out−72,243
Axis Capital Holdings	COM	G0692U109	0.0%	Sold out−19,825
Bank of AmericaBAC	COM	060505104	0.0%	Sold out−189,376
BankunitedBKU	COM	06652K103	0.0%	Sold out−380,554
Blackstone Mortgage TR CL aBXMT	COM CL A	09257W100	0.0%	Sold out−160,596
Charles SchwabSCHW	COM	808513105	0.0%	Sold out−61,883
Citizens Finl GroupCFG	COM	174610105	0.0%	Sold out−125,939
Digital Rlty TRDLR	COM	253868103	0.0%	Sold out−20,829
Eagle BancorpEGBN	COM	268948106	0.0%	Sold out−126,895
Eastern BanksharesEBC	COM	27627N105	0.0%	Sold out−1,741,864
Ellington FinlEFC	COM	28852N109	0.0%	Sold out−81,687
EquinixEQIX	COM	29444U700	0.0%	Sold out−3,563
Equity Lifestyle PptysELS	COM SH BEN INT	29472R108	0.0%	Sold out−13,239
Equity ResidentialVMRK	COM SH BEN INT	29476L107	0.0%	Sold out−3,770
Essent Group	COM	G3198U102	0.0%	Sold out−75,024
GCM Grosvenor CL aGCMG	COM CL A	36831E108	0.0%	Sold out−17,747
Genworth FinlGNW	COM	37247D106	0.0%	Sold out−46,118
Global PaymentsGPN	COM	37940X102	0.0%	Sold out−3,046
Hamilton Lane CL aHLNE	COM CL A	407497106	0.0%	Sold out−3,634
HealthequityHQY	COM	42226A107	0.0%	Sold out−11,210
Independent Bank Group MaINDB	COM	453836108	0.0%	Sold out−165,653
John Marshall BancorpJMSB	COM	47805L101	0.0%	Sold out−412,273
Morgan StanleyMS	COM	617446448	0.0%	Sold out−56,089
NasdaqNDAQ	COM	631103108	0.0%	Sold out−42,372
NetstreitNTST	COM	64119V303	0.0%	Sold out−10,966
Northern TRNTRS	COM	665859104	0.0%	Sold out−79,026
Old National BancorpONB	COM	680033107	0.0%	Sold out−717,018
Onemain HoldingsOMF	COM	68268W103	0.0%	Sold out−75,795
Palomar HoldingsPLMR	COM	69753M105	0.0%	Sold out−45,433
Paypal HoldingsPYPL	COM	70450Y103	0.0%	Sold out−4,977
PNC Finl Services GroupPNC	COM	693475105	0.0%	Sold out−12,467
PultegroupPHM	COM	745867101	0.0%	Sold out−35,719
QCR HoldingsQCRH	COM	74727A104	0.0%	Sold out−32,601
RBB BancorpRBB	COM	74930B105	0.0%	Sold out−1,511,408
Robinhood Markets CL aHOOD	COM CL A	770700102	0.0%	Sold out−29,263
Sabra Health Care REITSBRA	COM SH BEN INT	78573L106	0.0%	Sold out−38,225
Selective Insurance GroupSIGI	COM	816300107	0.0%	Sold out−5,663
Service Pptys TR	COM SH BEN INT	81761L102	0.0%	Sold out−94,090
Servisfirst BancsharesSFBS	COM	81768T108	0.0%	Sold out−79,906
Simon Ppty GroupSPG	COM SH BEN INT	828806109	0.0%	Sold out−2,639
Sonida Senior LivingSNDA	COM	140475203	0.0%	Sold out−45,472
Southern Missouri BancorpSMBC	COM	843380106	0.0%	Sold out−202,427
Travelers CompaniesTRV	COM NEW	89417E109	0.0%	Sold out−754
Unum GroupUNM	COM	91529Y106	0.0%	Sold out−26,346
U S BancorpUSB	COM	902973304	0.0%	Sold out−98,115
VentasVTR	COM SH BEN INT	92276F100	0.0%	Sold out−2,842
Veris Residential	COM	554489104	0.0%	Sold out−24,246
Virtu Finl CL aVIRT	COM CL A	928254101	0.0%	Sold out−125,790
Voya FinlVOYA	COM	929089100	0.0%	Sold out−3,501
WesbancoWSBC	COM	950810101	0.0%	Sold out−243,843

Source: SEC EDGAR, Form 13F-HR, accession 0001420506-26-001821 (on sec.gov). Last ingested by Listed: Oct 22, 2026, 05:26 ET. Listed shows no prices and gives no investment advice.