SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Stilwell Value LLC

CIK 0001397076 · 111 BROADWAY, 12TH FLOOR, NEW YORK, NY, 10006 · 2122692005

Reported Value
$139M
Q3 2022
Positions
38
Filings on Record
30
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Stilwell Value LLC reported $139M in U.S.-listed holdings across 38 positions for Q3 2022.

The portfolio is heavily concentrated: KWY alone accounts for 37.9% of reported value.

Compared with Q2 2022, the fund opened 3 new positions and exited 4.

Portfolio Metrics

Turnover
+8.4%
vs prior filed quarter
Top-10 Concentration
+91.1%
share of reported value
Largest Position
+37.9%
Kingsway Finl Svcs
New / Exited
3 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $133MQ4 ’18Q1 ’19: $151MQ2 ’19: $160MQ3 ’19: $133MQ4 ’19: $139MQ4 ’19Q1 ’20: $83MQ2 ’20: $94MQ3 ’20: $96MQ4 ’20: $132MQ4 ’20Q1 ’21: $149MQ2 ’21: $142MQ3 ’21: $157MQ4 ’21: $155MQ4 ’21Q1 ’22: $151MQ2 ’22: $145MQ3 ’22: $139MQ4 ’22: $133MQ4 ’22Q1 ’23: $179MQ2 ’23: $179MQ3 ’23: $183MQ4 ’23: $191MQ4 ’23Q1 ’24: $193MQ2 ’24: $192MQ3 ’24: $211MQ4 ’24: $198MQ4 ’24Q1 ’25: $195MQ2 ’25: $205MQ3 ’25: $226MQ4 ’25: $181MQ4 ’25Q1 ’26: $167Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 91.2%Other: 7.8%PUBLIC: 0.7%ETP: 0.3%
  • Common Stock · 91.2% · $127M
  • Other · 7.8% · $11M
  • PUBLIC · 0.7% · $1M
  • ETP · 0.3% · $370,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DGPDEUTSCHE BK AG LONDON BRHNEW+50.0K50.0K+$370,000$370,000
CCL1EURCARNIVAL CORPNEW+50.0K50.0K+$352,000$352,000
ECBKECB BANCORP INCNEW+20.0K20.0K+$288,000$288,000
SPDR S&P 500 ETF TRSOLD OUT−20.0K0−$8M$0
WHEELER REAL ESTATE INVT TRSOLD OUT−328.0K0−$2M$0
VBNKVERSABANK NEWSOLD OUT−184.1K0−$1M$0
TFSLTFS FINL CORPSOLD OUT−25.0K0−$343,000$0
CINCINNATI BANCORP INCTRIMMED−116.1K140.0K−$2M$2M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2022

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KWYKINGSWAY FINL SVCS INChistory →COM37.90%$53M7.61M
2OFGOFG BANCORPhistory →COM31.36%$44M1.74M
3SFBCSOUND FINL BANCORP INChistory →COM9.24%$13M317.9K
4ICC HLDGS INCCOM3.25%$5M297.3K
5FSBWFS BANCORP INChistory →COM2.65%$4M135.4K
6WHEELER REAL ESTATE INVT TRCOM · PFD CNV SER D1.82%$3M1.27M
7GBNYGENERATIONS BANCORP NY INChistory →COM1.77%$2M222.8K
8CINCINNATI BANCORP INCCOM1.47%$2M140.0K
9NECBNORTHEAST CMNTY BANCORP INChistory →COM1.25%$2M140.0K
10HFBLHOME FED BANCORP INC LA NEWhistory →COM1.07%$1M80.0K
11FSFGFIRST SVGS FINL GROUP INCCOM0.99%$1M60.0K
12LAKE SHORE BANCORP INCCOM0.95%$1M100.0K
13AFBIAFFINITY BANCSHARES INCCOM0.68%$947,00064.8K
14PROVIDENT BANCORP INCCOM0.51%$716,00050.0K
15MSVBMID-SOUTHERN BANCORP INCCOM0.48%$670,00050.0K
16BCOW1895 BANCORP OF WIS INCCOM0.37%$520,00050.0K
17IROQIF BANCORP INCCOM0.37%$516,00027.2K
18MGYRMAGYAR BANCORP INCCOM0.36%$497,00040.0K
19CLSTCATALYST BANCORP INCCOM0.36%$496,00040.0K
20ESSA BANCORP INCCOM0.35%$485,00025.0K
21RMBIRICHMOND MUT BANCORPORATIONCOM0.29%$403,00030.0K
221S4HARBORONE BANCORP INC NEWCOM0.27%$374,00027.9K
23DGPDEUTSCHE BK AG LONDON BRHDB GOLD DBL LNG0.27%$370,00050.0K
24CCL1EURCARNIVAL CORPCOM0.25%$352,00050.0K
25PBBKPB BANKSHARES INCCOM0.24%$340,00027.4K
26ECBKECB BANCORP INCCOM0.21%$288,00020.0K
27TCBCTC BANCSHARES INCCOM0.21%$288,00020.0K
28PDLBPONCE FINANCIAL GROUP INCCOM0.20%$275,00030.0K
29CULLCULLMAN BANCORP INCCOM0.19%$267,00025.0K
30BLFYBLUE FOUNDRY BANCORPCOM0.19%$264,00023.7K
31FIRST SEACOAST BANCORPCOM0.14%$196,00019.0K
32RBKBRHINEBECK BANCORP INCCOM0.10%$146,00015.0K
33FRAFFRANKLIN FINL SVCS CORPCOM0.10%$142,0004.5K
34CFSB BANCORP INCCOM0.06%$88,00010.0K
35FFBWFFBW INC MDCOM0.06%$84,0007.0K
36PG4PRINCIPAL FINANCIAL GROUP INCOM0.03%$39,000547
37METMETLIFE INCCOM0.00%$4,00060

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$167M25May 6, 202613F-HRchanges · EDGAR ↗
Q4 2025$181M24Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$226M31Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$205M30Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$195M30May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$198M32Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$211M33Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$192M34Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$193M35May 8, 202413F-HRchanges · EDGAR ↗
Q4 2023$191M34Feb 12, 202413F-HRchanges · EDGAR ↗
Q3 2023$183M39Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$179M39Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$179M41May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$133M41Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$139M38Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$145M39Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$151M41May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$155M37Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$157M38Oct 18, 202113F-HRchanges · EDGAR ↗
Q2 2021$142M34Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$149M38May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$132M37Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$96M40Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$94M39Jul 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$83M39May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$139M39Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$133M42Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$160M40Aug 6, 201913F-HRchanges · EDGAR ↗
Q1 2019$151M41May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$133M39Feb 6, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.