FJ Investments, LLC
Long book
$1.53B
Q1 2026
Positions
5
Top-10 weight
100%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsFJ Investments, LLC is a wealth-management firm allocating client money, running a $1.53B US long book across 5 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: VANGUARD S&P 500 ETF, ALPHABET INC-CL A, PAR PACIFIC HOLDINGS INC, AMAZON.COM INC, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.2%
Q2 2024
+4.4%
Q3 2024
+3.7%
Q4 2024
-5.2%
Q1 2025
+10.6%
Q2 2025
+10.2%
Q3 2025
+4.7%
Q4 2025
-3.1%
Q1 2026
+14.9%
Sector allocation
Technology 54%
Energy 23%
Consumer discretionary 11%
Financials 11%
Long book by quarter
What does FJ Investments, own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 6 | $1.53B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 5, 2026 | 6 | $1.58B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 6 | $1.55B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 6 | $1.41B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 5 | $1.11B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 5 | $1.05B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 5 | $1.01B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 5 | $1.03B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 6 | $1.15B | canonical | SEC ↗ |