# FJ Capital Management LLC

> FJ Capital Management LLC is an SEC-registered investment advisory firm in McLean, VA, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 158049
- Filed as: FJ CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: McLean, VA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158049
- AdvisorCensus page: https://advisorcensus.com/firm/fj-capital-management-llc-mclean-va-158049

## Quick answers

**How is FJ Capital Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), FJ Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is FJ Capital Management LLC located?**
FJ Capital Management LLC's principal office is in McLean, VA, according to its Form ADV.

**Is FJ Capital Management LLC registered with the SEC or a state?**
FJ Capital Management LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 158049.

**How much does FJ Capital Management LLC manage?**
FJ Capital Management LLC reports $1,079,796,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have FJ Capital Management LLC's assets and staff changed since 2021?**
In the Form ADV data for FJ Capital Management LLC: Regulatory assets under management: $1,025,941,000 in the October 2021 data and $1,079,796,000 in the October 2026 data, up 5%. Total employees: 16 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does FJ Capital Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6); other (4).

**Which custodians does FJ Capital Management LLC use?**
FJ Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley as custodians holding 10% or more of its separately managed account assets.

**Does FJ Capital Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158049

**What changed in FJ Capital Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 12 to 13.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Barclays Capital Inc.
- BofA Securities, Inc.
- Goldman Sachs & Co. LLC
- Morgan Stanley

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,079,796,000
- Discretionary: $1,079,796,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $746,863,000 |
| Other | 4 | $332,933,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2013 (12 years)
- Employees: 18 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- fjcapital.com
- LinkedIn @fj-capital-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,025,941,000 | 16 | September 15, 2021 |
| October 2022 | $1,409,865,000 | 16 | March 22, 2022 |
| October 2023 | $1,161,249,000 | 18 | March 29, 2023 |
| October 2024 | $1,161,333,000 | 18 | March 26, 2024 |
| October 2025 | $1,049,867,000 | 17 | March 28, 2025 |
| October 2026 | $1,079,796,000 | 18 | March 30, 2026 |

Regulatory assets under management: $1,025,941,000 in the October 2021 data and $1,079,796,000 in the October 2026 data, up 5%.
Total employees: 16 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 12 to 13.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. FJ Capital Management LLC (CRD 158049): Form ADV filing data as of October 2026.