SEC 13F Intelligence

Managers / Q3 2020 · view latest →

FJ Capital Management LLC

CIK 0001599170 · 7901 JONES BRANCH DR., SUITE 210, MCLEAN, VA, 22102 · (703) 875-8378

Reported Value
$636M
Q3 2020
Positions
85
Filings on Record
31
2019–present window
Filed
Nov 13, 2020
original filing

Summary

Fj Capital Management LLC reported $636M in U.S.-listed holdings across 85 positions for Q3 2020.

Its largest position, IBTXUSD, represents 9.6% of the portfolio.

Compared with Q2 2020, the fund opened 26 new positions and exited 15.

Portfolio Metrics

Turnover
+14.5%
vs prior filed quarter
Top-10 Concentration
+49.1%
share of reported value
Largest Position
+9.6%
Independent Bk
New / Exited
26 / 15
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $856MQ4 ’18Q1 ’19: $968MQ2 ’19: $1.0BQ3 ’19: $964MQ4 ’19: $935MQ4 ’19Q1 ’20: $566MQ2 ’20: $645MQ3 ’20: $636MQ4 ’20: $898MQ4 ’20Q1 ’21: $1.2BQ2 ’21: $1.2BQ3 ’21: $1.2BQ4 ’21: $1.2BQ4 ’21Q1 ’22: $1.2BQ2 ’22: $1.0BQ3 ’22: $836MQ4 ’22: $844MQ4 ’22Q1 ’23: $808MQ2 ’23: $784MQ3 ’23: $884MQ4 ’23: $996MQ4 ’23Q1 ’24: $983MQ2 ’24: $956MQ3 ’24: $954MQ4 ’24: $862MQ4 ’24Q1 ’25: $966MQ2 ’25: $943MQ3 ’25: $937MQ4 ’25: $906MQ4 ’25Q1 ’26: $888Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 90.8%Other: 8.6%REIT: 0.6%Ltd Part: 0.0%
  • Common Stock · 90.8% · $577M
  • Other · 8.6% · $55M
  • REIT · 0.6% · $4M
  • Ltd Part · 0.0% · $244,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GWBGREAT WESTN BANCORP INCNEW+1.32M1.32M+$16M$16M
FT2FIRST HORIZON NATL CORPNEW+1.05M1.05M+$10M$10M
PROFESSIONAL HLDG CORPNEW+305.0K305.0K+$4M$4M
WSBCWESBANCO INCNEW+174.0K174.0K+$4M$4M
FW2NBANNER CORPNEW+109.0K109.0K+$4M$4M
HMN FINL INCNEW+220.0K220.0K+$3M$3M
NETFIN ACQUISITION CORPNEW+241.0K241.0K+$2M$2M
MFA FINL INCNEW+735.0K735.0K+$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IBTXUSDINDEPENDENT BK GROUP INChistory →COM9.62%$61M1.38M
2VBTXVERITEX HLDGS INChistory →COM8.73%$55M3.26M
3OCFCOCEANFIRST FINL CORPhistory →COM5.70%$36M2.65M
4ABCBAMERIS BANCORPhistory →COM5.49%$35M1.53M
5FNBF N B CORPhistory →COM4.38%$28M4.11M
6LF2PACIFIC PREMIER BANCORPhistory →COM3.72%$24M1.17M
7IBCPINDEPENDENT BK CORP MICHhistory →COM NEW3.26%$21M1.65M
8PREMIER FINANCIAL CORPCOM2.90%$18M1.18M
9HBCPHOME BANCORP INChistory →COM2.70%$17M709.0K
10GWBGREAT WESTN BANCORP INChistory →COM2.60%$16M1.32M
11MSBIMIDLAND STS BANCORP INC ILLhistory →COM2.55%$16M1.26M
12SICPSILVERGATE CAP CORPhistory →CL A2.48%$16M1.09M
13BB3BROOKLINE BANCORP INC DELhistory →COM2.46%$16M1.81M
14SMBCSOUTHERN MO BANCORP INChistory →COM2.41%$15M650.0K
15CAMBRIDGE BANCORPCOM2.23%$14M267.0K
16NBHCNATIONAL BK HLDGS CORPhistory →CL A2.03%$13M492.0K
17OSBCOLD SECOND BANCORP INC ILLhistory →COM1.83%$12M1.55M
18EVBNUSDEVANS BANCORP INChistory →COM NEW1.72%$11M491.0K
19WF2WINTRUST FINL CORPhistory →COM1.60%$10M254.0K
20FT2FIRST HORIZON NATL CORPhistory →COM1.56%$10M1.05M
21CCBCOASTAL FINL CORP WAhistory →COM NEW1.53%$10M795.0K
22PBFSPIONEER BANCORP INChistory →COM1.45%$9M1.04M
23RVSBRIVERVIEW BANCORP INChistory →COM1.45%$9M2.22M
24AMNBUSDAMERICAN NATL BANKSHARES INChistory →COM1.26%$8M384.0K
25OPOFOLD POINT FINL CORPhistory →COM1.17%$7M489.0K
26MOFGMIDWESTONE FINL GROUP INC NEhistory →COM1.05%$7M374.0K
27SFBCSOUND FINL BANCORP INChistory →COM1.02%$6M218.0K
28FSFGFIRST SAVINGS FINL GROUP INChistory →COM1.01%$6M118.0K
29MYFWFIRST WESTN FINL INChistory →COM1.01%$6M495.0K
30CZWICITIZENS CMNTY BANCORP INC MCOM1.00%$6M920.0K
31SHBISHORE BANCSHARES INCCOM0.97%$6M559.0K
32GUARANTY FED BANCSHARES INCCOM0.95%$6M430.0K
33BCMLBAYCOM CORPCOM0.90%$6M558.0K
34SSBUSDSOUTH ST CORPCOM0.88%$6M116.0K
35AUBATLANTIC UN BANKSHARES CORPCOM0.88%$6M262.0K
36BSVNBANK7 CORPCOM0.72%$5M490.0K
37MFNCMACKINAC FINL CORPCOM0.66%$4M436.0K
38PROFESSIONAL HLDG CORPCL A COM0.61%$4M305.0K
39WSBCWESBANCO INCCOM0.58%$4M174.0K
40HWBKHAWTHORN BANCSHARES INCCOM0.56%$4M187.0K
41FW2NBANNER CORPCOM NEW0.56%$4M109.0K
42SPFISOUTH PLAINS FINANCIAL INCCOM0.50%$3M254.0K
43EQBKEQUITY BANCSHARES INCCOM CL A0.49%$3M200.0K
44HMN FINL INCCOM0.46%$3M220.0K
45CNBKACENTURY BANCORP INC MASSCL A NON VTG0.42%$3M41.0K
46CBNKCAPITAL BANCORP INC MDCOM0.41%$3M278.0K
47HFBLHOME FED BANCORP INC LA NEWCOM0.40%$3M112.0K
48NETFIN ACQUISITION CORPSHS CL A0.39%$2M241.0K
49ESSA BANCORP INCCOM0.37%$2M192.0K
50HBTHBT FINL INC.COM0.32%$2M180.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$888M126May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$906M128Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$937M142Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$943M128Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$966M111May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$862M111Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$954M120Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$956M109Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$983M98May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$996M102Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$884M108Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$784M104Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$808M98May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$844M89Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$836M93Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.0B95Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.2B98May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.2B103Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.2B94Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.2B98Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.2B101May 18, 2021RESTATEMENTchanges · EDGAR ↗
Q4 2020$898M86Feb 10, 202113F-HRchanges · EDGAR ↗
Q3 2020$636M85Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$645M74Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$566M70May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$935M80Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$964M92Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.0B90Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$968M95May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$856M107Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.