Ejf Capital 13F annual report

Ejf Capital is an investment fund managing more than $190 billion ran by John Pollard. There are currently 92 companies in Mr. Pollard’s portfolio. The largest investments include Pagaya Technologies Ltd and Metropolitan Bk Hldg Corp, together worth $14.7 billion.

Limited to 30 biggest holdings

$190 billion Assets Under Management (AUM)

As of 7th February 2024, Ejf Capital’s top holding is 5,555,429 shares of Pagaya Technologies Ltd currently worth over $7.67 billion and making up 4.0% of the portfolio value. In addition, the fund holds 126,170 shares of Metropolitan Bk Hldg Corp worth $6.99 billion. The third-largest holding is East West worth $6.06 billion and the next is Banc of California Inc worth $5.96 billion, with 444,011 shares owned.

Currently, Ejf Capital's portfolio is worth at least $190 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Ejf Capital

The Ejf Capital office and employees reside in Arlington, Virginia. According to the last 13-F report filed with the SEC, John Pollard serves as the Chief Legal Officer at Ejf Capital.

Recent trades

In the most recent 13F filing, Ejf Capital revealed that it had opened a new position in Independent Bank Inc and bought 89,447 shares worth $4.55 billion. This means they effectively own approximately 0.1% of the company. Independent Bank Inc makes up 8.0% of the fund's Finance sector allocation and has decreased its share price by 27.5% in the past year.

The investment fund also strengthened its position in Banc of California Inc by buying 74,082 additional shares. This makes their stake in Banc of California Inc total 444,011 shares worth $5.96 billion. Banc of California Inc dropped 27.2% in the past year.

On the other hand, there are companies that Ejf Capital is getting rid of from its portfolio. Ejf Capital closed its position in Rhinebeck on 14th February 2024. It sold the previously owned 382,408 shares for $2.57 billion. John Pollard also disclosed a decreased stake in Pagaya Technologies Ltd by 0.6%. This leaves the value of the investment at $7.67 billion and 5,555,429 shares.

One of the smallest hedge funds

The two most similar investment funds to Ejf Capital are Mill Road Capital Management and Toronado Partners. They manage $190 billion and $190 billion respectively.


John Pollard investment strategy

Ejf Capital’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Finance — making up 30.1% of the total portfolio value. The fund focuses on investments in the United States as 41.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 10% of the total holdings value. On the other hand, small-cap stocks make up only 2.2% of the portfolio. The average market cap of the portfolio companies is close to $40.1 billion.

The complete list of Ejf Capital trades based on 13F SEC filings

These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Pagaya Technologies Ltd
64.64%
5,555,429
$7,666,492,000 4.03%
Metropolitan Bk Hldg Corp
41.62%
126,170
$6,987,295,000 3.67%
East West Bancorp, Inc.
13.83%
84,162
$6,055,456,000 3.18%
Banc of California Inc
20.03%
444,011
$5,963,068,000 3.14%
First Ctzns Bancshares Inc N
19.35%
3,835
$5,441,750,000 2.86%
Axos Financial Inc.
185.78%
96,044
$5,244,002,000 2.76%
Coastal Finl Corp Wa
32.75%
115,690
$5,137,793,000 2.70%
First Utd Corp
10.90%
217,733
$5,118,903,000 2.69%
Webster Finl Corp
25.25%
99,727
$5,062,143,000 2.66%
Western Alliance Bancorp
69.31%
72,127
$4,745,235,000 2.50%
Independent Bank Group Inc
Opened
89,447
$4,551,063,000 2.39%
Summit Finl Group Inc
Opened
148,057
$4,543,869,000 2.39%
First Bancshares Inc Ms
3.26%
145,996
$4,282,063,000 2.25%
Truist Finl Corp
Opened
112,012
$4,135,483,000 2.17%
Pinnacle Finl Partners Inc
30.07%
43,475
$3,791,890,000 1.99%
First Merchants Corp.
2.19%
95,735
$3,549,854,000 1.87%
Columbia Bkg Sys Inc
44.45%
132,701
$3,540,463,000 1.86%
Old Second Bancorp Inc Ill
30.04%
227,524
$3,512,971,000 1.85%
Wintrust Finl Corp
21.84%
37,447
$3,473,209,000 1.83%
F.N.B. Corp.
Opened
251,189
$3,458,873,000 1.82%
Synovus Finl Corp
21.53%
91,139
$3,431,383,000 1.80%
Enterprise Finl Svcs Corp
17.27%
71,106
$3,174,883,000 1.67%
Blue Ridge Bankshares Inc Va
Opened
1,000,000
$3,030,000,000 1.59%
New York Cmnty Bancorp Inc
19.43%
293,128
$2,998,699,000 1.58%
Genworth Finl Inc
14.66%
447,169
$2,987,089,000 1.57%
KeyCorp
722.40%
205,600
$2,960,640,000 1.56%
Umb Finl Corp
48.29%
34,544
$2,886,151,000 1.52%
Heartland Finl Usa Inc
Opened
75,641
$2,844,858,000 1.50%
Customers Bancorp Inc
28.33%
49,021
$2,824,590,000 1.49%
Old Natl Bancorp Ind
19.90%
166,337
$2,809,432,000 1.48%
Nb Bancorp Inc
Opened
205,000
$2,757,250,000 1.45%
SLM Corp.
35.55%
135,403
$2,588,905,000 1.36%
Rhinebeck Bancorp, Inc.
Closed
382,408
$2,573,606,000
Merchants Bancorp Ind
13.00%
59,064
$2,514,945,000 1.32%
Cnb Finl Corp Pa
Closed
133,150
$2,350,098,000
Ameris Bancorp
35.12%
44,124
$2,340,778,000 1.23%
First Horizon Corporation
Opened
163,657
$2,317,383,000 1.22%
Nexpoint Diversified Rel Et
17.99%
290,296
$2,307,853,000 1.21%
Assured Guaranty Ltd
1.11%
28,312
$2,118,587,000 1.11%
Capital One Finl Corp
18.80%
15,839
$2,076,810,000 1.09%
Equitable Holdings Inc
10.48%
61,315
$2,041,790,000 1.07%
Jackson Financial Inc
97.12%
38,031
$1,947,187,000 1.02%
Citizens Finl Group Inc
Closed
74,641
$1,946,637,000
OneMain Holdings Inc
Opened
36,856
$1,813,315,000 0.95%
Primis Financial Corp
Closed
215,036
$1,810,603,000
Southern Calif Bancorp
8.21%
104,317
$1,809,900,000 0.95%
Encore Cap Group Inc
36.77%
34,494
$1,750,571,000 0.92%
Brightsphere Invt Group Inc
77.19%
89,866
$1,721,833,000 0.91%
Sandy Spring Bancorp
Opened
62,600
$1,705,224,000 0.90%
Provident Finl Svcs Inc
Opened
92,881
$1,674,644,000 0.88%
Cadence Bank
Closed
83,575
$1,641,413,000
Oppenheimer Holdings Inc
48.33%
35,600
$1,470,992,000 0.77%
Aercap Holdings Nv
16.67%
17,500
$1,300,600,000 0.68%
Broadway Finl Corp Del
Closed
1,267,651
$1,229,621,000
Linkbancorp Inc
75.26%
151,438
$1,206,961,000 0.63%
The Odp Corp
40.61%
21,091
$1,187,423,000 0.62%
OneSpan Inc
Opened
110,000
$1,179,200,000 0.62%
HomeTrust Bancshares Inc
Opened
40,835
$1,099,278,000 0.58%
Popular Inc.
31.13%
12,834
$1,053,286,000 0.55%
Hilltop Holdings Inc
27.39%
29,810
$1,049,610,000 0.55%
PCB Bancorp.
Closed
71,049
$1,045,131,000
Red Rock Resorts Inc
36.64%
19,478
$1,038,762,000 0.55%
Comerica, Inc.
75.29%
17,493
$976,284,000 0.51%
Interdigital Inc
36.15%
8,850
$960,579,000 0.51%
Peoples Bancorp Inc
30.90%
25,675
$866,788,000 0.46%
Bridgewater Bancshares Inc
33.45%
60,676
$820,340,000 0.43%
Hancock Whitney Corp.
82.10%
16,689
$810,919,000 0.43%
Steel Partners Hldgs L P
No change
20,005
$800,200,000 0.42%
Origin Bancorp Inc
32.20%
21,825
$776,315,000 0.41%
Avantax Inc
Closed
34,000
$760,920,000
Peabody Energy Corp.
14.29%
30,000
$729,600,000 0.38%
Designer Brands Inc
137.14%
82,051
$726,151,000 0.38%
Heritage Finl Corp Wash
33.22%
33,095
$707,902,000 0.37%
Fifth Third Bancorp
32.35%
19,365
$667,899,000 0.35%
Triumph Financial Inc
32.56%
8,285
$664,291,000 0.35%
Premier Financial Corp.
33.04%
26,850
$647,085,000 0.34%
Stellar Bancorp Inc
33.46%
22,251
$619,468,000 0.33%
M & T Bk Corp
Closed
4,998
$618,552,000
United Sec Bancshares Calif
Closed
91,746
$611,028,000
Oceanfirst Finl Corp
33.36%
35,057
$608,590,000 0.32%
West Fraser Timber Co Ltd
39.96%
6,998
$598,889,000 0.31%
Southern First Bancshares Inc
Closed
23,341
$577,690,000
Simon Ppty Group Inc New
20.00%
4,000
$570,560,000 0.30%
Ally Finl Inc
Closed
20,685
$558,702,000
Broadway Finl Corp Del
Opened
81,171
$550,883,000 0.29%
ConnectOne Bancorp Inc.
32.60%
23,740
$543,883,000 0.29%
Qcr Holdings Inc
30.93%
9,268
$541,159,000 0.28%
TriNet Group Inc
Closed
5,500
$522,335,000
Equity Bancshares Inc
Closed
22,649
$515,944,000
Citigroup Inc
100.00%
10,000
$514,400,000 0.27%
Peapack-gladstone Finl Corp
Closed
17,635
$477,556,000
Valley Natl Bancorp
80.61%
43,743
$475,049,000 0.25%
Cumulus Media Inc.
31.72%
88,913
$473,017,000 0.25%
Devon Energy Corp.
33.33%
10,000
$453,000,000 0.24%
Energy Transfer L P
50.00%
30,000
$414,000,000 0.22%
National Bk Hldgs Corp
70.31%
10,714
$398,454,000 0.21%
Eastern Bankshares, Inc.
Closed
32,388
$397,401,000
Diamondback Energy Inc
No change
2,500
$387,700,000 0.20%
Algoma Stl Group Inc
38.93%
37,512
$376,245,000 0.20%
Trinity Cap Inc
7.41%
25,000
$363,250,000 0.19%
APA Corporation
50.00%
10,000
$358,800,000 0.19%
Snowflake Inc.
Closed
2,000
$351,960,000
Alphabet Inc
No change
2,000
$281,860,000 0.15%
Prologis Inc
No change
2,000
$266,600,000 0.14%
Delta Air Lines, Inc.
Closed
5,000
$237,700,000
Antero Resources Corp
No change
10,000
$226,800,000 0.12%
Spdr Ser Tr
74.95%
4,039
$211,765,000 0.11%
Fidelis Insurance Holdings L
40.23%
13,448
$170,386,000 0.09%
Transocean Ltd
Opened
25,000
$158,750,000 0.08%
Suro Capital Corp
18.67%
35,602
$140,272,000 0.07%
No transactions found
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