FJ Capital Management LLC
FJ Capital Management LLC is a private investment management firm headquartered in McLean, Virginia. Founded by Martin Friedman in 2007, the firm specializes in investment management, primarily through hedge funds and other pooled investment vehicles. FJ Capital focuses on the financial services sector, particularly small- and mid-cap community and regional banks and other financial companies. The firm has approximately 18 employees, mainly engaged in investment activities, and serves institutional and high-net-worth clients.
Investment Strategy
FJ Capital Management LLC employs a long/short equity strategy with a primary focus on the financial services sector, including community and regional banks, thrifts, and other financial companies. The firm seeks to identify undervalued and promising investment opportunities using a deep fundamental research process and actively manages risk. Its investment philosophy involves bottom-up analysis and capitalizing on structural inefficiencies in the sector, aiming for strong risk-adjusted returns over time.
Top Holdings
Equity Positions (126)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SSB | SOUTHSTATE CORPORATION | 6.85% | $64.6M | 702,355 | $91.68 | $92.03 | +$13.0M |
E EQBK | EQUITY BANCSHARES INC | 4.87% | $45.9M | 1,126,096 | $33.61 | $40.80 | -$1.6M |
W WAL | WESTERN ALLIANCE BANCORP | 4.54% | $42.8M | 549,146 | $74.89 | $77.98 | +$8.8M |
I INDB | INDEPENDENT BK CORP MASS | 4.33% | $40.8M | 649,320 | $62.70 | $62.89 | +$8.7M |
A ABCB | AMERIS BANCORP | 4.13% | $39.0M | 602,320 | $53.29 | $64.70 | -$6.2M |
Industry Allocation
Investment Team (2)
| Name | Role | Location | |
|---|---|---|---|
 | Co-Portfolio Manager | Arlington, VA , United States | |
J Jessica Lee | Senior Economic and Regulatory Analyst | Ashburn, VA , United States |