SCHEDULE 13G/A: FJ Capital Management and Affiliates Update Passive Stake in First Community Corporation to 3.35%

FJ Capital Management LLC, along with its affiliated funds Financial Opportunity Fund LLC and Financial Opportunity Long/Short Fund LLC, and Managing Member Martin Friedman, have filed an amended Schedule 13G, reporting a combined beneficial ownership of 3.35% in First Community Corporation (FCCO) common stock as of December 31, 2024.

Summary

• FJ Capital Management LLC, Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, and Martin Friedman filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in First Community Corporation (FCCO).
• As of December 31, 2024, FJ Capital Management LLC and Martin Friedman beneficially own an aggregate of 255,796 shares of First Community Corporation common stock, representing 3.35% of the class.
• Financial Opportunity Fund LLC holds 225,452 shares, equating to 2.95% of the class.
• Financial Opportunity Long/Short Fund LLC holds 10,207 shares, equating to 0.13% of the class.
• The shares held by Financial Opportunity Fund LLC (225,452 shares) and Financial Opportunity Long/Short Fund LLC (10,207 shares), along with 20,137 shares held by managed accounts, constitute the total beneficial ownership reported by FJ Capital Management LLC and Martin Friedman.
• All reporting persons disclaim beneficial ownership of the reported shares, except to the extent of their pecuniary interest therein.
• The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure by an institutional investor group, FJ Capital Management LLC and its affiliates, updating their passive ownership stake in First Community Corporation. Such filings provide transparency into significant investor positions within the financial services sector, which can be of interest to other market participants.

Stakeholder Impact

• Shareholders: Provides transparency regarding the ownership stake of a significant institutional investor group, which can influence market perception and trading activity.

Key Dates

Keywords

First Community Corporation, FCCO, FJ Capital Management LLC, Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, Martin Friedman, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Investment Management, Passive Investment