| 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 382,836 Shares beneficially owned by AJB Fund II and AJB Capital is approximately of $823,358, including brokerage commissions. The Shares beneficially owned by Mr. Bradley are held in individual retirement accounts 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 55,024 Shares beneficially owned by Mr. Bradley is approximately $136,175, 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 58,624 shares beneficially owned by Ms. Bradley is approximately $135,405, 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. The Reporting Persons may communicate with members of management of the Issuer and the board of directors of the Issuer (the "Board"), current or prospective shareholders, or other third parties regarding a variety of matters relating to the Issuer, which may include, among other things, the Issuer's corporate governance, including, changes to Board composition [(including, without limitation, proposing or nominating director candidates to the Board)], strategic transactions, alternatives, direction and plans, [including transactions in which the Reporting Persons may seek to participate and potentially engage in,] business, management, operations, ownership, capital structure and allocation, and may take steps regarding the foregoing and/or take action to bring about changes to increase shareholder value as well as pursue other plans or proposals that relate to or could result in any of the matters set forth in clauses (a)-(j) of Item 4 of Schedule 13D. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons may also take steps to explore and prepare for various plans and actions, and propose actions or transactions, before forming an intention to engage in such plans or actions or proceed with such transactions. 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 clauses (a)-(j) 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 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, 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, any of the actions discussed herein, 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 382,836 Shares representing approximately 10.88% of the outstanding Shares.(ii) AJB Capital, as the general partner of AJB Fund II, may be deemed to be the beneficial owner of 382,836 Shares beneficially held by AJB Fund II, representing approximately 10.88% of the outstanding Shares.(iii) Mr. Bradley, as manager of AJB Capital, may be deemed to be the beneficial owner of 509,069 Shares beneficially held by AJB Fund II representing 14.46% of the outstanding Shares and beneficially owns 67,609 Shares, representing 1.92 % of the outstanding Shares, which are held in independent retirement accounts and in accounts of the Bradley Children. (iv) Ms. Bradley, as manager of AJB Capital, may be deemed to be the beneficial owner of 441,460 Shares beneficially held by AJB Fund II, representing 12.54% of the outstanding Shares and beneficially owns 58,624 Shares, approximately 1.67% of the outstanding Shares, which are held in an individual retirement account.(v) Collectively, the Reporting Persons beneficially own 509,069 Shares representing approximately 14.46% 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 382,836 Shares held by AJB Fund II. AJB Fund II and AJB Capital have shared power to dispose or direct the disposition of the 382,836 Shares held by AJB Fund II. Mr. Bradley has shared power to vote or direct the vote of the 509,069 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 509,069 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 55,024 Shares that are held in individual retirement accounts. Mr. Bradley has sole power to dispose or direct the disposition of the 55,024 Shares that are held in individual retirement accounts. Ms. Bradley has shared power to vote or direct the vote of 441,460 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 441,460 Shares that are held in an individual retirement account and AJB Fund II. |
| (c) | 8/24/26, 1197, $2.90
8/25/26, 5991, $2.90
8/26/26, 209, $2.09
8/27/26, 2327, $2.90
9/4/26, 7915, $2.92
9/8/26, 500, $2.90
9/10/26, 8,$2.91
9/11/26, 6, $2.89
9/14/26, 5900, $2.90
9/15/26, 10000, $2.89
9/18/26, 265, $2.91
9/21/26, 617, $2.90
9/23/26, 11, $2.93
9/24/26, 5000, $2.93
9/25/26, 1876, $2.91
|
| (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.] |
