Stilwell Value LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Stilwell Value LLC reported 33 stock positions worth $130.3 million. Its top holding was Kingsway (KWY) at 47.5% of the portfolio, followed by Sound Financial Bancorp (SFBC, 12.8%) and Provident Bancorp (PVBC, 12.8%). Compared with Q4 2023, it opened 2 new positions, sold out of 1, added to 4 and reduced 1. The biggest buy was Sound Financial Bancorp (SFBC, shares +1%) and the biggest sale an exit from Medalist Diversified REIT.
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001397076
- Portfolio Value
- $130.3M (Q1 2024)
- SEC Filing
- 0001104659-24-058609 ↗ filed May 8, 2024
Holdings Value
Holdings 33 stocks · $130.3M
| KWY Kingsway Corp. | 47.52% | 7,425,527 | $61.9M | Reduce -0.3% |
| SFBC Sound Financial Bancorp Inc. | 12.80% | 410,019 | $16.7M | Add +0.5% |
| PVBC Provident Bancorp Inc. | 12.79% | 1,831,467 | $16.7M | No change |
| WHEELER REAL ESTATE INVT TR | 4.09% | 33,912,371 | $5.3M | Add +62.5% |
| ICCH Icc Holdings Inc. filed as ICC HLDGS INC | 3.74% | 304,837 | $4.9M | No change |
| IROQ If Bancorp Inc. | 3.17% | 248,771 | $4.1M | Add +4.0% |
| FSBW FS Bancorp Inc. | 3.06% | 115,000 | $4.0M | No change |
| NECB Northeast Community Bancorp | 1.99% | 165,000 | $2.6M | Add +17.9% |
| GBNY Generations Bancorp NY Inc. | 1.71% | 222,849 | $2.2M | No change |
| BVFL BV Financial Inc. filed as BV FINL INC | 1.21% | 153,090 | $1.6M | No change |
| LSBK Lake Shore Bancorp Inc. | 0.89% | 100,000 | $1.2M | No change |
| NBBK NB Bancorp Inc. | 0.84% | 80,000 | $1.1M | No change |
| AFBI Affinity Bancshares Inc. | 0.82% | 64,840 | $1.1M | No change |
| HFBL Home Federal Bancorp Inc. | 0.79% | 80,000 | $1.0M | No change |
| FSFG First Savings Financial Grp | 0.77% | 60,000 | $1.0M | No change |
| CLST Catalyst Bancorp Inc. | 0.36% | 39,991 | $474K | No change |
| ESSA Essa Bancorp Inc. | 0.35% | 25,000 | $456K | No change |
| MGYR Magyar Bancorp Inc. | 0.34% | 40,000 | $445K | No change |
| SRBK Sr Bancorp Inc. | 0.29% | 40,000 | $378K | No change |
| PBBK PB Bankshares Inc. | 0.27% | 27,431 | $354K | No change |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.26% | 50,000 | $341K | No change |
| RMBI Richmond Mutual Bancorporati | 0.26% | 30,000 | $334K | No change |
| FLG New York Community Bancorp | 0.25% | 100,000 | $322K | New |
| FSEA First Seacoast Bancorp Inc. | 0.23% | 35,880 | $301K | No change |
| HONE Harborone Bancorp Inc. | 0.23% | 27,883 | $297K | No change |
| PDLB Ponce Financial Group Inc. | 0.20% | 30,000 | $267K | No change |
| ECBK Ecb Bancorp Inc. | 0.20% | 20,000 | $260K | No change |
| CULL Cullman Bancorp Inc. | 0.19% | 25,000 | $249K | No change |
| CPBI Central Plains Bancshares Inc. | 0.16% | 20,000 | $204K | No change |
| MPT Medical Properties Trust Inc. | 0.11% | 30,000 | $141K | New |
| CFSB CFSB Bancorp Inc. | 0.06% | 10,000 | $72K | No change |
| PFG Principal Financial Group | 0.04% | 547 | $47K | No change |
| MET Metlife Inc. | 0.00% | 60 | $4K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $62.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WHEELER REIT INC (WHLR 7 12/31/31) | 7% SR NT 31 | 1,006,542 | $61.4M | Add +0.2% |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 817,085 | $1.3M | No change |
Total filed on the 13F, all lines: $193.0M.
Portfolio Sells Q4 2023 → Q1 2024
| MEDALIST DIVERSIFIED REIT IN | Sold out | 0.00% | −0.15 |
| KWY Kingsway Corp. | Reduce -0.3% | 47.52% | +0.54 |
Portfolio Buys Q4 2023 → Q1 2024
| SFBC Sound Financial Bancorp Inc. | Add +0.5% | 12.80% | +0.85 |
| IROQ If Bancorp Inc. | Add +4.0% | 3.17% | +0.29 |
| FLG New York Community Bancorp | New | 0.25% | +0.25 |
| NECB Northeast Community Bancorp | Add +17.9% | 1.99% | +0.13 |
| MPT Medical Properties Trust Inc. | New | 0.11% | +0.11 |
| WHEELER REAL ESTATE INVT TR | Add +62.5% | 4.09% | −0.70 |
Notes & Other Activity Q4 2023 → Q1 2024
| WHEELER REIT INC (WHLR 7 12/31/31) | 7% SR NT 31 | Add +0.2% | 1,006,542 | $61.4M |
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 |