Stilwell Value LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 7, 2026), Stilwell Value LLC reported 22 stock positions worth $95.8 million. Its top holding was Kingsway (KWY) at 36.6% of the portfolio, followed by Sound Financial Bancorp (SFBC, 18.4%) and Lake Shore Bancorp (LSBK, 14.4%). Compared with Q1 2026, it opened 2 new positions, sold out of 3, added to 2 and reduced 5. The biggest buy was Central Plains Bancshares (CPBI, shares +11%) and the biggest sale an exit from Immunitybio (IBRX).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001397076
- Portfolio Value
- $95.8M (Q2 2026)
- SEC Filing
- 0001397076-26-000014 ↗ filed Aug 7, 2026
Holdings Value
Holdings 22 stocks · $95.8M
| KWY Kingsway Corp. | 36.57% | 3,363,450 | $35.0M | No change |
| SFBC Sound Financial Bancorp Inc. | 18.45% | 410,019 | $17.7M | No change |
| LSBK Lake Shore Bancorp Inc. | 14.38% | 773,675 | $13.8M | No change |
| CPBI Central Plains Bancshares Inc. | 8.08% | 406,874 | $7.7M | Add +10.9% |
| CLST Catalyst Bancorp Inc. | 6.27% | 364,085 | $6.0M | Add +28.9% |
| FSBW FS Bancorp Inc. | 3.17% | 70,000 | $3.0M | Reduce -2.8% |
| NECB Northeast Community Bancorp | 2.89% | 100,000 | $2.8M | Reduce -9.1% |
| BVFL BV Financial Inc. filed as BV FINL INC | 1.77% | 80,000 | $1.7M | Reduce -11.1% |
| HFBL Home Federal Bancorp Inc. | 1.75% | 80,000 | $1.7M | No change |
| FDSB Fifth District Bancorp Inc. | 1.35% | 80,000 | $1.3M | No change |
| NBBK NB Bancorp Inc. | 1.10% | 50,000 | $1.1M | Reduce -23.1% |
| SPCX Space Exploration Techn Class A | 0.89% | 5,000 | $854K | New |
| AVBC Avidia Bancorp Inc. | 0.77% | 35,000 | $735K | Reduce -12.5% |
| MGYR Magyar Bancorp Inc. | 0.73% | 40,000 | $698K | No change |
| ECBK Ecb Bancorp Inc. | 0.42% | 20,000 | $402K | No change |
| PDLB Ponce Financial Group Inc. | 0.42% | 20,000 | $399K | No change |
| MBBC Marathon Bancorp Inc. | 0.32% | 20,000 | $306K | No change |
| FBLA FB Bancorp Inc. | 0.31% | 20,000 | $301K | No change |
| AGQ Proshares Ultra Silver | 0.28% | 4,000 | $272K | No change |
| PFG Principal Financial Group | 0.06% | 547 | $59K | No change |
| MET Metlife Inc. | 0.01% | 60 | $5K | No change |
| WHEELER REAL ESTATE INVT TR | 0.00% | 1,583 | $2K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $78.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WHEELER REIT INC (WHLR 7 12/31/31) | 7% SR NT 31 | 865,721 | $71.4M | Reduce -2.0% |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 710,466 | $7.1M | Reduce -3.4% |
Total filed on the 13F, all lines: $174.4M.
Portfolio Sells Q1 2026 → Q2 2026
| IBRX Immunitybio Inc. | Sold out | 0.00% | −0.67 |
| NBBK NB Bancorp Inc. | Reduce -23.1% | 1.10% | −0.40 |
| SRBK Sr Bancorp Inc. | Sold out | 0.00% | −0.37 |
| BVFL BV Financial Inc. | Reduce -11.1% | 1.77% | −0.13 |
| AVBC Avidia Bancorp Inc. | Reduce -12.5% | 0.77% | −0.10 |
| WHEELER REAL ESTATE INVT TR | Sold out | 0.00% | −0.02 |
| NECB Northeast Community Bancorp | Reduce -9.1% | 2.89% | +0.02 |
| FSBW FS Bancorp Inc. | Reduce -2.8% | 3.17% | +0.12 |
Portfolio Buys Q1 2026 → Q2 2026
| CPBI Central Plains Bancshares Inc. | Add +10.9% | 8.08% | +1.18 |
| CLST Catalyst Bancorp Inc. | Add +28.9% | 6.27% | +1.13 |
| SPCX Space Exploration Techn Class A | New | 0.89% | +0.89 |
| WHEELER REAL ESTATE INVT TR | New | 0.00% | +0.00 |
Notes & Other Activity Q1 2026 → Q2 2026
| WHEELER REIT INC (WHLR 7 12/31/31) | 7% SR NT 31 | Reduce -2.0% | 865,721 | $71.4M |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | Reduce -3.4% | 710,466 | $7.1M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 22 | $95.8M | KWY, SFBC, LSBK, CPBI, CLST |
| Q1 2026 | 23 | $91.0M | KWY, SFBC, LSBK, CPBI, CLST |
| Q4 2025 | 22 | $106.7M | KWY, SFBC, LSBK, IROQ, CPBI |
| Q3 2025 | 28 | $138.2M | KWY, SFBC, LSBK, IROQ, CPBI |
| Q2 2025 | 28 | $130.8M | KWY, SFBC, IROQ, CPBI, WHEELER REAL ESTATE INVT TR |
| Q1 2025 | 28 | $115.5M | KWY, SFBC, PVBC, IROQ, CPBI |
| Q4 2024 | 30 | $128.8M | KWY, SFBC, PVBC, IROQ, CPBI |
| Q3 2024 | 31 | $133.6M | KWY, SFBC, PVBC, IROQ, FSBW |
| Q2 2024 | 32 | $125.8M | KWY, PVBC, SFBC, WHEELER REAL ESTATE INVT TR, FSBW |
| Q1 2024 | 33 | $130.3M | KWY, SFBC, PVBC, WHEELER REAL ESTATE INVT TR, ICCH |