FJ Capital Management LLC Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$905.8M
Holdings
128
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (128 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SSBSOUTHSTATE BK CORP | 813,033 | $76.5M | 8.45% | |
| 2 | HTBHOMETRUST BANCSHARES INC | 1,693,553 | $72.7M | 8.03% | |
| 3 | EQBKEQUITY BANCSHARES INC | 1,225,687 | $54.7M | 6.04% | |
| 4 | SBG1SEACOAST BKG CORP FLA | 1,361,677 | $42.8M | 4.72% | |
| 5 | SFSTSOUTHERN FIRST BANCSHARES | 807,223 | $41.6M | 4.59% | |
| 6 | WEAWESTERN ALLIANCE BANCORP | 432,672 | $36.4M | 4.02% | |
| 7 | OSBCOLD SECOND BANCORP INC ILL | 1,829,665 | $35.7M | 3.94% | |
| 8 | RBBRBB BANCORP | 1,511,408 | $31.2M | 3.44% | |
| 9 | MOFGMIDWESTONE FINL GROUP INC NE | 797,816 | $30.7M | 3.39% | |
| 10 | WBSWEBSTER FINL CORP | 384,743 | $24.2M | 2.67% | |
| 11 | FRMEFIRST MERCHANTS CORP | 633,668 | $23.7M | 2.62% | |
| 12 | BCALCALIFORNIA BANCORP | 1,271,636 | $23.7M | 2.62% | |
| 13 | USBUS BANCORP DEL | 373,433 | $19.9M | 2.20% | |
| 14 | HBNCHORIZON BANCORP INC | 1,083,840 | $18.4M | 2.03% | |
| 15 | SMBCSOUTHERN MO BANCORP INC | 300,944 | $17.8M | 1.96% | |
| 16 | EBCEASTERN BANKSHARES INC | 926,841 | $17.1M | 1.89% | |
| 17 | INDBINDEPENDENT BK CORP MASS | 230,533 | $16.8M | 1.86% | |
| 18 | ON1OLD NATL BANCORP IND | 717,018 | $16.0M | 1.77% | |
| 19 | ZIONZIONS BANCORPORATION N A | 239,124 | $14.0M | 1.55% | |
| 20 | DWDMORGAN STANLEY | 74,759 | $13.3M | 1.47% | |
| 21 | IBCPINDEPENDENT BK CORP MICH | 385,088 | $12.5M | 1.38% | |
| 22 | WSBCWESBANCO INC | 347,136 | $11.5M | 1.27% | |
| 23 | QCRHQCR HOLDINGS INC | 132,898 | $11.1M | 1.22% | |
| 24 | CBNACHAIN BRIDGE BANCORP INC | 293,788 | $10.2M | 1.12% | |
| 25 | AVBCAVIDIA BANCORP INC | 497,258 | $8.4M | 0.92% | |
| 26 | JMSBJOHN MARSHALL BANCORP INC | 412,945 | $8.3M | 0.91% | |
| 27 | SKWDSKYWARD SPECIALTY INS GROUP | 144,736 | $7.4M | 0.82% | |
| 28 | SFSTIFEL FINL CORP | 58,497 | $7.3M | 0.81% | |
| 29 | NMRKNEWMARK GROUP INC | 418,973 | $7.3M | 0.80% | |
| 30 | THGHANOVER INS GROUP INC | 37,427 | $6.8M | 0.76% | |
| 31 | HWBKHAWTHORN BANCSHARES INC | 190,710 | $6.7M | 0.73% | |
| 32 | TOWNTOWNEBANK PORTSMOUTH VA | 182,586 | $6.1M | 0.67% | |
| 33 | XZOEXZEO GROUP INC | 237,856 | $5.8M | 0.64% | |
| 34 | CINFCINCINNATI FINL CORP | 32,836 | $5.4M | 0.59% | |
| 35 | CMECME GROUP INC | 19,187 | $5.2M | 0.58% | |
| 36 | CVBFCVB FINL CORP | 275,132 | $5.1M | 0.56% | |
| 37 | AKRACADIA RLTY TR | 247,622 | $5.1M | 0.56% | |
| 38 | LNKBLINKBANCORP INC | 596,930 | $4.9M | 0.54% | |
| 39 | GLGLOBE LIFE INC | 35,065 | $4.9M | 0.54% | |
| 40 | RGAREINSURANCE GRP OF AMERICA I | 23,361 | $4.8M | 0.52% | |
| 41 | RPCP10 INC | 457,474 | $4.5M | 0.50% | |
| 42 | TCBKTRICO BANCSHARES | 92,492 | $4.4M | 0.48% | |
| 43 | GABCGERMAN AMERN BANCORP INC | 109,019 | $4.3M | 0.47% | |
| 44 | WLTHWEALTHFRONT CORP | 314,187 | $4.3M | 0.47% | |
| 45 | LXPLXP INDUSTRIAL TRUST | 83,499 | $4.1M | 0.46% | |
| 46 | JLLJONES LANG LASALLE INC | 11,774 | $4.0M | 0.44% | |
| 47 | WELLWELLTOWER INC | 20,975 | $3.9M | 0.43% | |
| 48 | HYNEHOYNE BANCORP INC | 261,000 | $3.8M | 0.42% | |
| 49 | PFSIPENNYMAC FINL SVCS INC NEW | 28,562 | $3.8M | 0.42% | |
| 50 | ETORETORO GROUP LTD | 104,861 | $3.7M | 0.41% | |
| 51 | MKTXMARKETAXESS HLDGS INC | 20,252 | $3.7M | 0.41% | |
| 52 | HCIHCI GROUP INC | 19,019 | $3.6M | 0.40% | |
| 53 | PHMPULTE GROUP INC | 31,075 | $3.6M | 0.40% | |
| 54 | IVTINVENTRUST PPTYS CORP | 124,373 | $3.5M | 0.39% | |
| 55 | HTGCHERCULES CAPITAL INC | 169,984 | $3.2M | 0.35% | |
| 56 | AIIAMERICAN INTEGRITY INS GROUP | 153,491 | $3.2M | 0.35% | |
| 57 | MRXMAREX GROUP PLC | 81,199 | $3.1M | 0.34% | |
| 58 | UMBFUMB FINL CORP | 26,549 | $3.1M | 0.34% | |
| 59 | SKYCHAMPION HOMES INC | 35,462 | $3.0M | 0.33% | |
| 60 | FSFGFIRST SVGS FINL GROUP INC | 91,479 | $2.9M | 0.32% | |
| 61 | FRFIRST INDL RLTY TR INC | 46,421 | $2.7M | 0.29% | |
| 62 | VOYAVOYA FINANCIAL INC | 35,315 | $2.6M | 0.29% | |
| 63 | EZPWEZCORP INC | 133,526 | $2.6M | 0.29% | |
| 64 | ADCAGREE RLTY CORP | 35,873 | $2.6M | 0.29% | |
| 65 | NICNICOLET BANKSHARES INC | 20,421 | $2.5M | 0.27% | |
| 66 | AHRAMERICAN HEALTHCARE REIT INC | 50,798 | $2.4M | 0.26% | |
| 67 | CSWCCAPITAL SOUTHWEST CORP | 92,685 | $2.1M | 0.23% | |
| 68 | COSCNO FINL GROUP INC | 39,063 | $1.7M | 0.18% | |
| 69 | CTOCTO RLTY GROWTH INC NEW | 89,709 | $1.7M | 0.18% | |
| 70 | NLYANNALY CAPITAL MANAGEMENT IN | 72,486 | $1.6M | 0.18% | |
| 71 | MRPMILLROSE PPTYS INC | 53,978 | $1.6M | 0.18% | |
| 72 | SPNTSIRIUSPOINT LTD | 70,841 | $1.6M | 0.17% | |
| 73 | MAAMID-AMER APT CMNTYS INC | 11,112 | $1.5M | 0.17% | |
| 74 | ALRSALERUS FINL CORP | 67,134 | $1.5M | 0.17% | |
| 75 | FBPFIRST BANCORP P R | 66,625 | $1.4M | 0.15% | |
| 76 | KINSKINGSTONE COS INC | 78,256 | $1.3M | 0.15% | |
| 77 | TSLXSIXTH STREET SPECIALTY LENDI | 58,423 | $1.3M | 0.14% | |
| 78 | HQYHEALTHEQUITY INC | 13,556 | $1.2M | 0.14% | |
| 79 | EQREQUITY RESIDENTIAL | 17,935 | $1.1M | 0.12% | |
| 80 | BOWBOWHEAD SPECIALTY HLDGS INC | 39,317 | $1.1M | 0.12% | |
| 81 | CURBCURBLINE PPTYS CORP | 48,374 | $1.1M | 0.12% | |
| 82 | APAMARTISAN PARTNERS ASSET MGMT | 25,129 | $1.0M | 0.11% | |
| 83 | ELMEELME COMMUNITIES | 54,049 | $940K | 0.10% | |
| 84 | SKTTANGER INC | 27,829 | $928K | 0.10% | |
| 85 | DYT1DYNEX CAP INC | 63,085 | $883K | 0.10% | |
| 86 | TSAACI WORLDWIDE INC | 17,999 | $860K | 0.09% | |
| 87 | EGPEASTGROUP PPTYS INC | 4,789 | $853K | 0.09% | |
| 88 | FQIDIGITAL RLTY TR INC | 5,391 | $834K | 0.09% | |
| 89 | AMGAFFILIATED MANAGERS GROUP IN | 2,557 | $737K | 0.08% | |
| 90 | LADRLADDER CAP CORP | 66,561 | $731K | 0.08% | |
| 91 | PLDPROLOGIS INC. | 5,722 | $730K | 0.08% | |
| 92 | FICOFAIR ISAAC CORP | 423 | $715K | 0.08% | |
| 93 | VVISA INC | 1,965 | $689K | 0.08% | |
| 94 | MAMASTERCARD INCORPORATED | 1,064 | $607K | 0.07% | |
| 95 | BXMTBLACKSTONE MTG TR INC | 31,685 | $606K | 0.07% | |
| 96 | JHGJANUS HENDERSON GROUP PLC | 12,090 | $575K | 0.06% | |
| 97 | KKRKKR & CO INC | 4,308 | $549K | 0.06% | |
| 98 | AXSAXIS CAP HLDGS LTD | 4,914 | $526K | 0.06% | |
| 99 | BRK/BBERKSHIRE HATHAWAY INC DEL | 1,041 | $523K | 0.06% | |
| 100 | EPRTESSENTIAL PPTYS RLTY TR INC | 17,665 | $523K | 0.06% |
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