Stocks/Funds/CIK 1903573

FJ Investments, LLC

long-term holderconcentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1903573
Assets
$1.53B
+37.7% YoY
Holdings
5
Lifetime alpha vs market
+24.16% annual
Average hold time
2.2 yr
median 2.5 yr

Quarterly history

Cum return +129% vs S&P +41% · α +88% lifetimeAUM $1.5B · peak $2.1BFlow $-602M (-38%)2023-122024-062024-122025-062025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+0.00%
trims when stocks drop
when a holding falls −10%+
Middle response
-10.00%
baseline attrition
Rally response
-8.51%
trims into rallies
when a holding rises +10%+

Top positions · 5

Ticker$ value% portYoYHold time
VOOVanguard S&P 500 ETF$1.27B82.5%2.5 yr
GOOGLAlphabet Inc.$146M9.5%2.5 yr
PARRPar Pacific Holdings, In$62M4.0%+339.3%1.0 yr
AMZNAmazon.com, Inc.$30M2.0%+9.5%2.5 yr
BRK-BBerkshire Hathaway Inc.$30M1.9%2.5 yr

Portfolio composition (YoY)

Industry mix
Asset Management82.5%-5.0pp$1.27B
Internet Content & Information9.5%+2.5pp$146M
Oil & Gas Refining & Marketing4.0%$62M
Specialty Retail2.0%-0.5pp$30M
Insurance - Diversified1.9%-1.0pp$30M
Country
US100.0%+0.0pp
Top 5: 100.0% · Top 10: 100.0% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
AMZN$28M+0.00B9.5%

Losers

TickerPrev $PnLYoY %

Top buys this quarter · 2

GOOGL Alphabet Inc.+$146M
VOO Vanguard S&P 500 ETF+$1.27B

Top sells this quarter · 0

No sells this quarter

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$1.53B5+105.57%+17.59%+87.98%-0.60B
2025-12-31$1.58B5+32.10%+17.72%+14.38%+0.00B
2025-09-30$1.55B5+52.44%+17.52%+34.92%-0.07B
2025-06-30$1.41B5+27.64%+14.94%+12.70%-0.04B
2025-03-31$1.11B4+5.48%+8.30%-2.83%+0.20B
2024-12-31$1.05B4+28.33%+24.89%+3.45%-0.14B
2024-09-30$1.01B4-3.58%+5.75%-9.33%+0.02B
2024-06-30$1.03B4+7.13%+4.38%+2.76%-0.20B
2024-03-31$1.15B5+5.51%+10.39%-4.88%-1.07B
2023-12-31$2.10B427