Stilwell Value LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Stilwell Value LLC reported 32 stock positions worth $125.8 million. Its top holding was Kingsway (KWY) at 48.0% of the portfolio, followed by Provident Bancorp (PVBC, 14.2%) and Sound Financial Bancorp (SFBC, 14.0%). Compared with Q1 2024, it opened 2 new positions, sold out of 3, added to 1 and reduced 4. The biggest buy was a new position in Wheeler Real Estate Invt TR and the biggest sale an exit from Wheeler Real Estate Invt TR.
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001397076
- Portfolio Value
- $125.8M (Q2 2024)
- SEC Filing
- 0001104659-24-088728 ↗ filed Aug 13, 2024
Holdings Value
Holdings 32 stocks · $125.8M
| KWY Kingsway Corp. | 48.00% | 7,325,527 | $60.4M | Reduce -1.4% |
| PVBC Provident Bancorp Inc. | 14.23% | 1,756,467 | $17.9M | Reduce -4.1% |
| SFBC Sound Financial Bancorp Inc. | 14.02% | 410,019 | $17.6M | No change |
| WHEELER REAL ESTATE INVT TR | 3.49% | 282,596 | $4.4M | New |
| FSBW FS Bancorp Inc. | 3.33% | 115,000 | $4.2M | No change |
| IROQ If Bancorp Inc. | 3.32% | 258,049 | $4.2M | Add +3.7% |
| NECB Northeast Community Bancorp | 1.98% | 140,000 | $2.5M | Reduce -15.2% |
| GBNY Generations Bancorp NY Inc. | 1.82% | 222,849 | $2.3M | No change |
| BVFL BV Financial Inc. filed as BV FINL INC | 1.45% | 153,090 | $1.8M | No change |
| AFBI Affinity Bancshares Inc. | 1.09% | 64,840 | $1.4M | No change |
| LSBK Lake Shore Bancorp Inc. | 0.99% | 100,000 | $1.3M | No change |
| NBBK NB Bancorp Inc. | 0.96% | 80,000 | $1.2M | No change |
| FSFG First Savings Financial Grp | 0.85% | 60,000 | $1.1M | No change |
| HFBL Home Federal Bancorp Inc. | 0.73% | 80,000 | $918K | No change |
| CLST Catalyst Bancorp Inc. | 0.37% | 39,991 | $463K | No change |
| MGYR Magyar Bancorp Inc. | 0.36% | 40,000 | $450K | No change |
| ESSA Essa Bancorp Inc. | 0.35% | 25,000 | $440K | No change |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.33% | 50,000 | $409K | No change |
| PBBK PB Bankshares Inc. | 0.31% | 27,431 | $388K | No change |
| SRBK Sr Bancorp Inc. | 0.29% | 40,000 | $370K | No change |
| RMBI Richmond Mutual Bancorporati | 0.28% | 30,000 | $352K | No change |
| FLG New York Community Bancorp | 0.26% | 100,000 | $322K | No change |
| HONE Harborone Bancorp Inc. | 0.25% | 27,883 | $310K | No change |
| PDLB Ponce Financial Group Inc. | 0.22% | 30,000 | $274K | No change |
| CULL Cullman Bancorp Inc. | 0.20% | 25,000 | $257K | No change |
| ECBK Ecb Bancorp Inc. | 0.20% | 20,000 | $250K | No change |
| CPBI Central Plains Bancshares Inc. | 0.16% | 20,000 | $202K | No change |
| RILY BRC Group Holdings Inc. filed as B. RILEY FINANCIAL INC | 0.07% | 5,000 | $88K | New |
| CFSB CFSB Bancorp Inc. | 0.05% | 10,000 | $66K | No change |
| PFG Principal Financial Group | 0.03% | 547 | $43K | No change |
| MET Metlife Inc. | 0.00% | 60 | $4K | No change |
| ICCH Icc Holdings Inc. filed as ICC HLDGS INC | 0.00% | 100 | $2K | Reduce -100.0% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $66.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WHEELER REIT INC (WHLR 7 12/31/31) | 7% SR NT 31 | 1,006,673 | $64.4M | Add +0.0% |
| WHEELER REIT INC (WHLR 9 PERP B) | CV PFD SER B | 817,085 | $1.8M | No change |
Total filed on the 13F, all lines: $192.0M.
Portfolio Sells Q1 2024 → Q2 2024
| WHEELER REAL ESTATE INVT TR | Sold out | 0.00% | −4.09 |
| ICCH Icc Holdings Inc. | Reduce -100.0% | 0.00% | −3.74 |
| FSEA First Seacoast Bancorp Inc. | Sold out | 0.00% | −0.23 |
| MPT Medical Properties Trust Inc. | Sold out | 0.00% | −0.11 |
| NECB Northeast Community Bancorp | Reduce -15.2% | 1.98% | −0.01 |
| KWY Kingsway Corp. | Reduce -1.4% | 48.00% | +0.48 |
| PVBC Provident Bancorp Inc. | Reduce -4.1% | 14.23% | +1.44 |
Portfolio Buys Q1 2024 → Q2 2024
| WHEELER REAL ESTATE INVT TR | New | 3.49% | +3.49 |
| IROQ If Bancorp Inc. | Add +3.7% | 3.32% | +0.15 |
| RILY BRC Group Holdings Inc. | New | 0.07% | +0.07 |
Notes & Other Activity Q1 2024 → Q2 2024
| WHEELER REIT INC (WHLR 7 12/31/31) | 7% SR NT 31 | Add +0.0% | 1,006,673 | $64.4M |
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 |