FJ Capital Management LLC and related funds filed an amended beneficial ownership report on HomeTrust Bancshares common stock. They report combined beneficial ownership of 1,607,883 shares, representing 9.22% of HomeTrust’s common stock as of the event date.
Financial Opportunity Fund LLC holds 1,580,868 shares, or 9.06% of the class, while Financial Opportunity Long/Short Fund LLC holds 27,015 shares, or 0.15%. Martin Friedman is reported as a beneficial owner of 1,607,883 shares through these entities. The filers certify that the securities were not acquired and are not held for the purpose of changing or influencing control of HomeTrust Bancshares.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
HomeTrust Bancshares
(Name of Issuer)
Common Stock
(Title of Class of Securities)
437872104
(CUSIP Number)
09/30/2025
(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)
SCHEDULE 13G
CUSIP No.
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
0.00
6
Shared Voting Power
1,607,883.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,607,883.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,607,883.00
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)
9.22 %
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 1,580,868 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; 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 No.
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
0.00
6
Shared Voting Power
1,580,868.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,580,868.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,580,868.00
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)
9.06 %
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 1,580,868 shares of common stock of the Issuer held by Financial Opportunity Fund LLC.
SCHEDULE 13G
CUSIP No.
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
0.00
6
Shared Voting Power
27,015.00
7
Sole Dispositive Power
0.00
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)
0.15 %
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 No.
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
0.00
6
Shared Voting Power
1,607,883.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,607,883.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,607,883.00
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)
9.22 %
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 1,580,868 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; 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 - 1,607,883 shares
Financial Opportunity Fund LLC - 1,580,868 shares
Financial Opportunity Long/Short Fund LLC - 27,015 shares
Martin Friedman - 1,607,883 shares
(b)
Percent of class:
FJ Capital Management LLC - 9.22%
Financial Opportunity Fund LLC - 9.06%
Financial Opportunity Long/Short Fund LLC - 0.15%
Martin Friedman - 9.22%
(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 - 1,607,883 shares
Financial Opportunity Fund LLC - 1,580,868 shares
Financial Opportunity Long/Short Fund LLC - 27,015 shares
Martin Friedman - 1,607,883 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 - 1,607,883 shares
Financial Opportunity Fund LLC - 1,580,868 shares
Financial Opportunity Long/Short Fund LLC - 27,015 shares
Martin Friedman - 1,607,883 shares
Item 5.
Ownership of 5 Percent or Less of a Class.
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.
What percentage of HomeTrust Bancshares (HTB) does FJ Capital report owning?
FJ Capital Management LLC and related parties report beneficial ownership of 9.22% of HomeTrust Bancshares common stock. This represents 1,607,883 shares, according to the amended beneficial ownership statement tied to the event date of September 30, 2025.
How many HomeTrust Bancshares shares does each FJ Capital-affiliated fund hold?
The filing shows Financial Opportunity Fund LLC holds 1,580,868 shares of HomeTrust Bancshares, while Financial Opportunity Long/Short Fund LLC holds 27,015 shares. Together, these positions total the 1,607,883 shares reported as beneficially owned.
What ownership stake in HTB is reported for each FJ Capital entity and Martin Friedman?
The statement reports FJ Capital Management LLC at 9.22%, Financial Opportunity Fund LLC at 9.06%, Financial Opportunity Long/Short Fund LLC at 0.15%, and Martin Friedman at 9.22% of HomeTrust Bancshares’ outstanding common stock.
Does the FJ Capital filing indicate an intent to influence control of HomeTrust Bancshares?
The certification states the securities were not acquired and are not held for the purpose or with the effect of changing or influencing the control of HomeTrust Bancshares, other than activities solely in connection with a nomination under Rule 240.14a-11.
Who is Martin Friedman in relation to the FJ Capital HomeTrust (HTB) position?
The filing identifies Martin Friedman, a United States citizen, as a reporting person with 1,607,883 shares beneficially owned. The shares are held through Financial Opportunity Fund LLC and Financial Opportunity Long/Short Fund LLC, with FJ Capital Management LLC as managing member.
What kind of SEC filing did FJ Capital submit regarding HomeTrust Bancshares (HTB)?
FJ Capital and related parties submitted an Amendment No. 8 to a Schedule 13G, a beneficial ownership report. It updates their reported holdings and percentages in HomeTrust Bancshares common stock as of the event date of September 30, 2025.