FJ Investments, LLC

Key Holdings

The portfolio is currently dominated by Alphabet Inc. (GOOGL), which accounts for $123.28 million or 77.84% of the total value. The firm holds 507,000 shares of the Communication Services giant. The secondary position is Par Pac Holdings Inc. (PARR), an energy company representing 22.16% of the portfolio with a value of $35.11 million (991,000 shares).

The composition indicates a barbell strategy of sorts, balancing a large-cap, growth-oriented technology leader with a smaller-cap, cyclical energy play. While GOOGL offers liquidity and exposure to digital advertising and cloud computing, PARR provides exposure to the downstream energy sector (refining and logistics). The heavy overweight in GOOGL suggests that the firm views this as its primary alpha generator, while PARR serves as a diversifying tactical position.