HomeTrust Bancshares is the subject of an amended Schedule 13G filing (Amendment No. 9) reporting passive ownership positions by FJ Capital Management LLC, related funds, and Martin Friedman. The group reports beneficial ownership of 839,115 shares of HomeTrust Bancshares common stock, representing 4.99% of the class as of June 30, 2026.
The 839,115 shares include 726,430 shares held by Financial Opportunity Fund LLC, 27,015 shares held by Financial Opportunity Long/Short Fund LLC, and 85,670 shares held in managed accounts of FJ Capital Management. Financial Opportunity Fund LLC alone reports 4.32% of the class, and Financial Opportunity Long/Short Fund LLC reports 0.16%. The filing notes that FJ Capital Management and Martin Friedman may be deemed beneficial owners of these shares but each disclaims beneficial ownership beyond their economic interest.
Positive
None.
Negative
None.
Key Figures
FJ Capital group shares:839,115 sharesFJ Capital ownership percentage:4.99%Financial Opportunity Fund LLC shares:726,430 shares+4 more
7 metrics
FJ Capital group shares839,115 sharesBeneficially owned by FJ Capital Management LLC and Martin Friedman; 4.99% of common stock
FJ Capital ownership percentage4.99%Percent of HomeTrust Bancshares common stock class reported as beneficially owned
Financial Opportunity Fund LLC shares726,430 sharesHeld by Financial Opportunity Fund LLC; 4.32% of common stock
Financial Opportunity Fund ownership4.32%Percent of HomeTrust Bancshares common stock held by Financial Opportunity Fund LLC
Financial Opportunity Long/Short Fund shares27,015 sharesHeld by Financial Opportunity Long/Short Fund LLC; 0.16% of common stock
Financial Opportunity Long/Short ownership0.16%Percent of HomeTrust Bancshares common stock held by Financial Opportunity Long/Short Fund LLC
CUSIP437872104Identifier for HomeTrust Bancshares common stock covered by the filing
Key Terms
beneficial owner, shared voting power, shared dispositive power, percent of class
4 terms
beneficial ownerregulatory
"the Reporting Person may be deemed to be a beneficial owner of reported shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerregulatory
"Shared Voting Power 839,115.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"Shared Dispositive Power 839,115.00"
percent of classfinancial
"Percent of class: FJ Capital Management LLC - 4.99%"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
What percentage of HomeTrust Bancshares (HTB) does FJ Capital Management report owning?
FJ Capital Management reports beneficial ownership of 839,115 shares of HomeTrust Bancshares common stock, representing 4.99% of the outstanding class. This includes shares held by its funds and managed accounts detailed in the Schedule 13G/A.
How many HomeTrust Bancshares (HTB) shares does Financial Opportunity Fund LLC hold?
Financial Opportunity Fund LLC holds 726,430 shares of HomeTrust Bancshares common stock, representing 4.32% of the class. These shares are included within the larger 839,115-share position reported by FJ Capital Management and Martin Friedman.
What is the ownership stake of Financial Opportunity Long/Short Fund LLC in HomeTrust Bancshares (HTB)?
Financial Opportunity Long/Short Fund LLC holds 27,015 shares of HomeTrust Bancshares, equal to 0.16% of the outstanding common stock. These shares form part of the aggregate position attributed to FJ Capital Management and Martin Friedman.
Who are the reporting persons in this Schedule 13G/A for HomeTrust Bancshares (HTB)?
The reporting persons are FJ Capital Management LLC, Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, and Martin Friedman. They report shared voting and dispositive power over 839,115 HomeTrust Bancshares shares.
Does Martin Friedman claim full beneficial ownership of his reported HomeTrust Bancshares (HTB) shares?
Martin Friedman is reported as a beneficial owner of 839,115 shares (4.99%), but he disclaims beneficial ownership of the shares beyond his interest. The shares are held through FJ Capital Management’s funds and managed accounts.
What class of securities of HomeTrust Bancshares (HTB) is covered by this Schedule 13G/A?
The filing covers HomeTrust Bancshares Common Stock, identified by CUSIP 437872104. The reported ownership percentages and share counts all relate specifically to this class of securities.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 9)
HomeTrust Bancshares
(Name of Issuer)
Common Stock
(Title of Class of Securities)
437872104
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
437872104
1
Names of Reporting Persons
FJ Capital Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
839,115.00
7
Sole Dispositive Power
8
Shared Dispositive Power
839,115.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
839,115.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.99 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: Relating to items 6, 8, and 9 of this page: Consists of 726,430 shares of common stock of the Issuer held by Financial Opportunity Fund LLC and 27,015 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member, and 85,670 shares of common stock of the Issuer held by managed accounts that FJ Capital Management manages; as such, the Reporting Person may be deemed to be a beneficial owner of reported shares but as to which the Reporting Person disclaims beneficial ownership.
SCHEDULE 13G
CUSIP Number(s):
437872104
1
Names of Reporting Persons
Financial Opportunity Fund LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
726,430.00
7
Sole Dispositive Power
8
Shared Dispositive Power
726,430.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
726,430.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.32 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Relating to items 6, 8, and 9 of this page: Consists of 726,430 shares of common stock of the Issuer held by Financial Opportunity Fund LLC.
SCHEDULE 13G
CUSIP Number(s):
437872104
1
Names of Reporting Persons
Financial Opportunity Long/Short Fund LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
27,015.00
7
Sole Dispositive Power
8
Shared Dispositive Power
27,015.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
27,015.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.16 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Relating to items 6, 8, and 9 of this page: Consists of 27,015 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC.
SCHEDULE 13G
CUSIP Number(s):
437872104
1
Names of Reporting Persons
Martin Friedman
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6
Shared Voting Power
839,115.00
7
Sole Dispositive Power
8
Shared Dispositive Power
839,115.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
839,115.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.99 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Relating to items 6, 8, and 9 of this page: Consists of 726,430 shares of common stock of the Issuer held by Financial Opportunity Fund LLC and 27,015 shares of common stock of the Issuer held by Financial Opportunity Long/Short Fund LLC, of which FJ Capital Management LLC is the managing member; and 85,670 shares of common stock of the Issuer held by managed accounts that FJ Capital Management LLC manages. Mr. Friedman is the managing member of FJ Capital Management LLC; as such, Mr. Friedman may be deemed to be a beneficial owner of reported shares but as to which Mr. Friedman disclaims beneficial ownership.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
HomeTrust Bancshares
(b)
Address of issuer's principal executive offices:
10 Woodfin Street, Ashville, NC 28801
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed on behalf of the following Reporting Persons:
FJ Capital Management LLC
Financial Opportunity Fund LLC
Financial Opportunity Long/Short Fund LLC
Martin Friedman
(b)
Address or principal business office or, if none, residence:
FJ Capital Management, LLC
7901 Jones Branch Drive, Suite 210
McLean, VA 22102
Financial Opportunity Fund LLC
7901 Jones Branch Drive, Suite 210
McLean, VA 22102
Financial Opportunity Long/Short Fund LLC
7901 Jones Branch Drive, Suite 210
McLean, VA 22102
Martin Friedman
7901 Jones Branch Drive, Suite 210
McLean, VA 22102
(c)
Citizenship:
Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, and FJ Capital Management LLC - Delaware limited liability companies
Martin Friedman - United States citizen
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
437872104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
FJ Capital Management LLC - 839,115 shares
Financial Opportunity Fund LLC - 726,430 shares
Financial Opportunity Long/Short Fund LLC - 27,015 shares
Martin Friedman - 839,115 shares
(b)
Percent of class:
FJ Capital Management LLC - 4.99%
Financial Opportunity Fund LLC - 4.32%
Financial Opportunity Long/Short Fund LLC - 0.16%
Martin Friedman - 4.99%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(ii) Shared power to vote or to direct the vote:
FJ Capital Management LLC - 839,115 shares
Financial Opportunity Fund LLC - 726,430 shares
Financial Opportunity Long/Short Fund LLC - 27,015 shares
Martin Friedman - 839,115 shares
(iii) Sole power to dispose or to direct the disposition of:
(iv) Shared power to dispose or to direct the disposition of:
FJ Capital Management LLC - 839,115 shares
Financial Opportunity Fund LLC - 726,430 shares
Financial Opportunity Long/Short Fund LLC - 27,015 shares
Martin Friedman - 839,115 shares
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
