# STILWELL VALUE LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1397076. Source: https://holderbook.com/funds/1397076-stilwell-value-llc/

- Reported value: $174.4M
- Positions: 24
- Weight of the ten largest: 95.4%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| WHEELER REAL ESTATE INVT TR | [WHLRL](https://holderbook.com/stocks/WHLRL/) | $71.4M | 865,721 | 41.0% | 14 |
| KINGSWAY CORP | [KWY](https://holderbook.com/stocks/KWY/) | $35.0M | 3,363,450 | 20.1% | 31 |
| SOUND FINL BANCORP INC | [SFBC](https://holderbook.com/stocks/SFBC/) | $17.7M | 410,019 | 10.1% | 31 |
| LAKE SHORE BANCORP INC | [LSBK](https://holderbook.com/stocks/LSBK/) | $13.8M | 773,675 | 7.9% | 4 |
| CENTRAL PLAINS BANCSHARES IN | [CPBI](https://holderbook.com/stocks/CPBI/) | $7.7M | 406,874 | 4.4% | 11 |
| WHEELER REAL ESTATE INVT TR | - | $7.1M | 710,466 | 4.1% | 7 |
| CATALYST BANCORP INC | [CLST](https://holderbook.com/stocks/CLST/) | $6.0M | 364,085 | 3.4% | 18 |
| FS BANCORP INC | [FSBW](https://holderbook.com/stocks/FSBW/) | $3.0M | 70,000 | 1.7% | 31 |
| NORTHEAST CMNTY BANCORP INC | [NECB](https://holderbook.com/stocks/NECB/) | $2.8M | 100,000 | 1.6% | 20 |
| BV FINL INC | [BVFL](https://holderbook.com/stocks/BVFL/) | $1.7M | 80,000 | 1.0% | 12 |
| HOME FED BANCORP INC LA NEW | [HFBL](https://holderbook.com/stocks/HFBL/) | $1.7M | 80,000 | 1.0% | 31 |
| FIFTH DIST BANCORP INC | [FDSB](https://holderbook.com/stocks/FDSB/) | $1.3M | 80,000 | 0.7% | 8 |
| NB BANCORP INC | [NBBK](https://holderbook.com/stocks/NBBK/) | $1.1M | 50,000 | 0.6% | 11 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $854.3K | 5,000 | 0.5% | 1 |
| AVIDIA BANCORP INC | [AVBC](https://holderbook.com/stocks/AVBC/) | $734.6K | 35,000 | 0.4% | 4 |
| MAGYAR BANCORP INC | [MGYR](https://holderbook.com/stocks/MGYR/) | $698.0K | 40,000 | 0.4% | 20 |
| ECB BANCORP INC | [ECBK](https://holderbook.com/stocks/ECBK/) | $401.6K | 20,000 | 0.2% | 16 |
| PONCE FINANCIAL GROUP INC | [PDLB](https://holderbook.com/stocks/PDLB/) | $398.8K | 20,000 | 0.2% | 18 |
| MARATHON BANCORP INC | [MBBC](https://holderbook.com/stocks/MBBC/) | $305.6K | 20,000 | 0.2% | 5 |
| FB BANCORP INC | [FBLA](https://holderbook.com/stocks/FBLA/) | $301.2K | 20,000 | 0.2% | 7 |
| PROSHARES TR II | [AGQ](https://holderbook.com/stocks/AGQ/) | $272.0K | 4,000 | 0.2% | 2 |
| PRINCIPAL FINANCIAL GROUP IN | [PFG](https://holderbook.com/stocks/PFG/) | $59.0K | 547 | 0.0% | 31 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $5.1K | 60 | 0.0% | 31 |
|  | - | $2.0K | 1,583 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.0% | +14.8% | -10.9% | 104% |
| Q1 2026 | -4.3% | -4.6% | +0.3% | 99% |
| Q4 2025 | -11.5% | +2.4% | -13.8% | 117% |
| Q3 2025 | +6.0% | +7.8% | -1.9% | 62% |
| Q1 2025 | -3.1% | -4.6% | +1.5% | 64% |
| Q4 2024 | +1.4% | +2.1% | -0.7% | 66% |
| Q3 2024 | +10.5% | +5.4% | +5.1% | 63% |
| Q2 2024 | +4.4% | +4.0% | +0.4% | 65% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $174.4M | 24 |
| Q1 2026 | $166.9M | 25 |
| Q4 2025 | $181.4M | 24 |
| Q3 2025 | $226.2M | 31 |
| Q2 2025 | $205.3M | 30 |
| Q1 2025 | $194.6M | 30 |
| Q4 2024 | $198.5M | 32 |
| Q3 2024 | $211.3M | 33 |
| Q2 2024 | $192.0M | 34 |
| Q1 2024 | $193.0M | 35 |
| Q4 2023 | $191.5M | 34 |
| Q3 2023 | $183.1M | 39 |