Investor group reports Jewett-Cameron (JCTC) stake of 12.16%

Rhea-AI Filing Summary

An investor group including AJB Investment Fund II, LP, AJB Capital, LLC, Adam Bradley and Melinda Bradley reports beneficial ownership of 428,158 Jewett-Cameron Trading Co Ltd common shares, about 12.16% of the 3,520,113 shares outstanding as of July 14, 2026. AJB Investment Fund II holds 337,328 shares (approximately 9.58%), while Adam and Melinda Bradley hold additional shares through individual retirement and family accounts.

All shares were acquired with working or personal funds in open-market transactions, including 34,000 shares at $2.38 on July 7, 2026 and 10,768 shares at $2.63 on July 14, 2026. The group states it purchased the stock because it believed it was undervalued and may adjust its position over time, while potentially engaging with management, the board and other shareholders on issues such as capitalization, ownership structure, board composition and possible business combinations or financing transactions.

Filing Explained

The July 14 Schedule 13D/A reports the group’s 12.16% beneficial stake and shared voting and disposition power, but states it has no present plan or proposal for the listed actions; future purchases, sales, discussions or proposals remain possibilities, not committed transactions.

Key Figures

Group beneficial ownership: 428,158 shares (12.16%) AJB Investment Fund II stake: 337,328 shares (9.58%) Mr. Bradley personal holdings: 44,394 shares (1.26%) +5 more

8 metrics

Group beneficial ownership 428,158 shares (12.16%) Collective holdings of all reporting persons based on 3,520,113 shares outstanding as of July 14, 2026

AJB Investment Fund II stake 337,328 shares (9.58%) Jewett-Cameron common shares beneficially owned by AJB Investment Fund II, LP

Mr. Bradley personal holdings 44,394 shares (1.26%) Shares in Adam Bradley’s individual retirement account and Bradley children’s accounts

Ms. Bradley personal holdings 46,436 shares (approx. 1.3%) Shares in Melinda Bradley’s individual retirement account

Shares outstanding 3,520,113 shares Jewett-Cameron common shares outstanding as of July 14, 2026

Fund purchase cost $693,621 Aggregate purchase price for the 337,328 shares owned by AJB Fund II and AJB Capital, including commissions

Mr. Bradley purchase cost $94,464 Aggregate purchase price for 44,394 shares beneficially owned by Adam Bradley

Ms. Bradley purchase cost $100,160 Aggregate purchase price for 46,436 shares beneficially owned by Melinda Bradley

Key Terms

beneficial owner, dispositive power, margin loans, individual retirement account, +2 more

6 terms

beneficial owner financial

"AJB Fund II beneficially owns 337,328 Shares representing approximately 9.58% of the outstanding 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.

dispositive power financial

"AJB Fund II and AJB Capital have shared power to dispose or direct the disposition of the 337,328 Shares"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

margin loans financial

"working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business)"

Margin loans are loans from a brokerage that let an investor borrow money using their existing stocks, bonds or cash as collateral to buy more securities. They matter because borrowing magnifies both gains and losses—like using a lever to move a heavier load—so small market moves can have outsized effects on your returns; investors also pay interest and risk a margin call, where the broker may force sales if collateral falls below required levels.

individual retirement account financial

"The Shares beneficially owned by Mr. Bradley are held in an individual retirement account"

open market transactions financial

"were purchased with personal funds ... in open market transactions."

Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.

Joint Filing Agreement regulatory

"the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing"

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Available on EDGAR 07/14/2026 - 09:46 PM Accepted by SEC EDGAR 07/14/2026 - 09:46 PM Learn about SEC filing dates

FAQ

How many Jewett-Cameron (JCTC) shares does the AJB/Bradley group beneficially own?

The reporting group beneficially owns 428,158 Jewett-Cameron shares, representing about 12.16% of the 3,520,113 shares outstanding as of July 14, 2026. This combines fund holdings with Adam and Melinda Bradley’s personal and family accounts.

Who are the reporting persons in this Schedule 13D/A for Jewett-Cameron (JCTC)?

The filing lists AJB Investment Fund II, LP, AJB Capital, LLC, Adam Bradley and Melinda Bradley as reporting persons. AJB Fund II is a private investment fund, and AJB Capital is its general partner and investment manager.

What is the purpose of the AJB/Bradley investment in Jewett-Cameron (JCTC)?

The group states it bought the shares because it believed they were undervalued and an attractive investment opportunity. It intends to review the position continuously and may buy more, sell, or use hedging and derivative transactions depending on conditions.

What corporate actions might the AJB/Bradley group consider regarding Jewett-Cameron (JCTC)?

The group currently has no specific plans under the standard Schedule 13D items but may in future communicate with management and the board, make recommendations on capitalization, ownership or board structure, and discuss possible business combinations or financing transactions.

How were the Jewett-Cameron (JCTC) shares acquired and at what prices?

AJB Fund II used working capital, and the Bradleys used personal funds, all in open-market transactions. Recent trades include 34,000 shares at $2.38 on July 7, 2026 and 10,768 shares at $2.63 on July 14, 2026.

What percentage of Jewett-Cameron (JCTC) does each key reporting person beneficially own?

AJB Investment Fund II holds 337,328 shares (about 9.58%). Collectively, all reporting persons hold 428,158 shares (about 12.16%). Ms. Bradley’s personal IRA position is 46,436 shares, roughly 1.3% of outstanding shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

JEWETT CAMERON TRADING CO LTD

(Name of Issuer)

Common Stock

(Title of Class of Securities)

47733C207

(CUSIP Number)

Adam Bradley
123 S White St,
Wake Forest, NC, 27587
9192952522

Melinda Bradley
123 S White St,
Wake Forest, NC, 27587
9192952522

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/13/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 47733C207

1

Name of reporting person

AJB Investment Fund II, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO, WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 337,328.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 337,328.00

11

Aggregate amount beneficially owned by each reporting person

337,328.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 47733C207

1

Name of reporting person

AJB Capital, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO, AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NORTH CAROLINA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 337,328.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 337,328.00

11

Aggregate amount beneficially owned by each reporting person

337,328.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

OO, HC

SCHEDULE 13D

CUSIP Number(s): 47733C207

1

Name of reporting person

Bradley Adam James

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 31,809.00
8	Shared Voting Power 396,349.00
9	Sole Dispositive Power 31,809.00
10	Shared Dispositive Power 396,349.00

11

Aggregate amount beneficially owned by each reporting person

428,158.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.2 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

CUSIP Number(s): 47733C207

1

Name of reporting person

Bradley Melinda Hodges

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF, OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 383,764.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 383,764.00

11

Aggregate amount beneficially owned by each reporting person

383,764.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.9 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: JEWETT CAMERON TRADING CO LTD
(c)	Address of Issuer's Principal Executive Offices: 32275 NW HILLCREST, 32275 NW HILLCREST, NORTH PLAINS, OREGON , 97133.
Item 2.	Identity and Background
(a)	AJB Investment Fund II, LP a North Carolina limited partnership; AJB Capital LLC a North Carolina limited liability company; Adam Bradley a United Stated Citizen
(b)	123 S White St, Wake Forest NC 27587
(c)	The principal business address for each of AJB Fund II, AJB Capital, Mr. Bradley and Ms. Bradley is123 South White Street, suite 300, Wake Forest, North Carolina 27587. The principal business of AJB Fund II is that of a private investment fund engaged in the purchase and sale of securities for its own account. The principal business of AJB Capital is providing investment management services and serving as the general partner of AJB Fund II and AJB Investment Fund, LP, a North Carolina limited partnership. Each of the Reporting Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. Mr. Bradley's principal occupation is serving as manager of AJB Capital.
(d)	no
(e)	no
(f)	North Carolina, United States
Item 3.	Source and Amount of Funds or Other Consideration
	The Shares beneficially owned by each of AJB Fund II and AJB Capital were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the 337,328 Shares beneficially owned by AJB Fund II and AJB Capital is approximately of $693,621, including brokerage commissions. The Shares beneficially owned by Mr. Bradley are held in an individual retirement account and in the accounts of the children of Mr. Bradley and Ms. Bradley (the "Bradley Children"), and were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 44,394 Shares beneficially owned by Mr. Bradley is approximately $94,464, including brokerage commissions. The Shares beneficially owned by Ms. Bradley are held in an individual retirement account and were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market transactions. The aggregate purchase price of the 46,436 shares beneficially owned by Ms. Bradley is approximately $100,160, including brokerage commissions.
Item 4.	Purpose of Transaction
	The Reporting Persons purchased the Shares based on the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons and the availability of Shares at prices that would make the purchase or sale of Shares desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons do not have any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - U) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon or in connection with completion of, or following, any of the actions discussed herein. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position, results and strategic direction, actions taken by the Issuer's management team and the Issuer's board of directors (the "Board"), price levels of the Shares, conditions in the securities markets, general economic and industry conditions, and other investment opportunities available to the Reporting Persons, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, engaging in communications with management and the Board, engaging in discussions with the Issuer, stockholders of the Issuer or other third parties about the Issuer and the Reporting Persons' investment, including potential business combinations, dispositions or financing transactions involving the Issuer or certain of its businesses or assets, including transactions in which the Reporting Persons may seek to participate and potentially engage in, making recommendations or proposals to the Issuer concerning changes to the capitalization, ownership structure, Board structure (including Board composition), or suggestions for improving the Issuer's financial and/or operational performance, purchasing additional Shares, selling some or all of their Shares, engaging in short selling of or any hedging or similar transaction with respect to the Shares, including swaps and other derivative transactions, or changing their intention with respect to any and all matters referred to in Item 4.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Persons beneficially own:(i) AJB Fund II beneficially owns 337,328 Shares representing approximately 9.58% of the outstanding Shares.(ii) AJB Capital, as the general partner of AJB Fund II, may be deemed to be the beneficial owner of 337,328 Shares beneficially held by AJB Fund II, representing approximately 9.58% of the outstanding Shares.(iii) Mr. Bradley, as manager of AJB Capital, may be deemed to be the beneficial owner of 428,158 Shares beneficially held by AJB Fund II representing 12.16% of the outstanding Shares and beneficially owns 44,394 Shares, representing 1.26 % of the outstanding Shares, which are held in an independent retirement account and in accounts of the Bradley Children. (iv) Ms. Bradley, as manager of AJB Capital, may be deemed to be the beneficial owner of 383,764 Shares beneficially held by AJB Fund II, representing 10.9% of the outstanding Shares and beneficially owns 46,436 Shares, approximately 1.3% of the outstanding Shares, which are held in an individual retirement account.(v) Collectively, the Reporting Persons beneficially own 428,158 Shares representing approximately 12.16% of the outstanding Shares. All percentages set forth in this Schedule 13D are based upon 3,520,113 Shares outstanding, as of July 14, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended May 31, 2026, filed with the Securities and Exchange Commission on July 14, 2026.
(b)	AJB Fund II and AJB Capital have shared power to vote or direct the vote of the 337,328 Shares held by AJB Fund II. AJB Fund II and AJB Capital have shared power to dispose or direct the disposition of the 337,328 Shares held by AJB Fund II. Mr. Bradley has shared power to vote or direct the vote of the 428,158 Shares held by AJB Fund II, in Ms. Bradley's account, and in accounts of the Bradley Children. Mr. Bradley has shared power to dispose or direct the disposition of the 428,158 Shares held by AJB Fund II, in Ms. Bradley's account, and in accounts of the Bradley Children. Mr. Bradley has sole power to vote or direct the vote of the 31,809 Shares that are held in an individual retirement account. Mr. Bradley has sole power to dispose or direct the disposition of the 31,809 Shares that are held in an individual retirement account. Ms. Bradley has shared power to vote or direct the vote of 383,764 Shares that are held in an individual retirement account and AJB Fund II.Ms. Bradley has shared power to dispose or direct the disposition of 383,764 Shares that are held in an individual retirement account and AJB Fund II.
(c)	7/7/2026, 34,000, $2.38 7/8/2026, 388, $2.49 7/13/2026, 986, $2.56 7/14/2026, 10,768, $2.63
(d)	not applicable
(e)	not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	0n May 18, 2026, the Reporting Persons entered into a Joint Filing Agreement in which the Reporting Persons agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer to the extent required by applicable law. The Joint Filing Agreement is attached to the original filing as Exhibit 99.1 and is incorporated herein by reference. [Other than as described herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.]

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.

AJB Investment Fund II, LP

Signature:	/s/ Adam Bradley
Name/Title:	Adam Bradley, Manager
Date:	07/14/2026

AJB Capital, LLC

Signature:	/s/ Adam Bradley
Name/Title:	Adam Bradley, Manger
Date:	07/14/2026

Bradley Adam James

Signature:	/a/ Adam Bradley
Name/Title:	Adam Bradley
Date:	07/14/2026

Bradley Melinda Hodges

Signature:	/s/ Melinda Bradley
Name/Title:	Melinda Bradley
Date:	07/14/2026