SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Stilwell Value LLC

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

Reported Value
$183M
Q3 2023
Positions
39
Filings on Record
30
2019–present window
Filed
Nov 13, 2023
original filing

Summary

Stilwell Value LLC reported $183M in U.S.-listed holdings across 39 positions for Q3 2023.

The portfolio is heavily concentrated: KWY alone accounts for 30.7% of reported value.

Compared with Q2 2023, the fund opened 3 new positions and exited 2.

Portfolio Metrics

Turnover
+7.9%
vs prior filed quarter
Top-10 Concentration
+87.9%
share of reported value
Largest Position
+30.7%
Kingsway Finl Svcs
New / Exited
3 / 2
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: 49.9%PUBLIC: 32.0%Other: 18.1%
  • Common Stock · 49.9% · $91M
  • PUBLIC · 32.0% · $59M
  • Other · 18.1% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BVFLBV FINL INCNEW+153.1K153.1K+$2M$2M
SRBKSR BANCORP INCNEW+40.0K40.0K+$346,600$346,600
MEDALIST DIVERSIFIED REIT INNEW+22.8K22.8K+$120,555$120,555
OFGOFG BANCORPSOLD OUT−86.0K0−$2M$0
FNWBFIRST NORTHWEST BANCORPSOLD OUT−106.0K0−$1M$0
WHEELER REAL ESTATE INVT TRTRIMMED−1.06M118.1K−$340,240$387,463
IROQIF BANCORP INCADDED+103.7K221.7K+$2M$3M
SPDR S&P 500 ETF TRTRIMMED−10.0K20.0K−$5M$9M

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

Holdings — Q3 2023

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WHEELER REAL ESTATE INVT TR7% SR NT 31 · PFD CNV SER D · CV PFD SER B · COM NEW32.22%$59M2.15M
2KWYKINGSWAY FINL SVCS INChistory →COM NEW30.70%$56M7.45M
3PROVIDENT BANCORP INCCOM NEW9.64%$18M1.82M
4SFBCSOUND FINL BANCORP INChistory →COM7.66%$14M379.1K
5ICC HLDGS INCCOM2.68%$5M304.8K
6FSBWFS BANCORP INChistory →COM1.93%$4M120.0K
7IROQIF BANCORP INChistory →COM1.80%$3M221.7K
8NECBNORTHEAST CMNTY BANCORP INChistory →COM1.13%$2M140.0K
9GBNYGENERATIONS BANCORP NY INChistory →COM1.03%$2M222.8K
10BVFLBV FINL INCCOM NEW0.84%$2M153.1K
11FUSBFIRST US BANCSHARES INCCOM0.67%$1M143.5K
12HFBLHOME FED BANCORP INC LA NEWCOM0.63%$1M80.0K
13LAKE SHORE BANCORP INCCOM0.55%$1M100.0K
14AFBIAFFINITY BANCSHARES INCCOM0.52%$958,98464.8K
15FSFGFIRST SVGS FINL GROUP INCCOM0.48%$883,51260.0K
16MSVBMID-SOUTHERN BANCORP INCCOM0.27%$495,50050.0K
17CLSTCATALYST BANCORP INCCOMMON STOCK0.26%$482,29140.0K
18MGYRMAGYAR BANCORP INCCOM0.22%$410,00040.0K
19ESSA BANCORP INCCOM0.20%$375,25025.0K
20BCOW1895 BANCORP OF WIS INCCOM0.19%$352,75050.0K
21SRBKSR BANCORP INCCOM0.19%$346,60040.0K
22PBBKPB BANKSHARES INCCOM0.18%$338,49927.4K
23RMBIRICHMOND MUT BANCORPORATIONCOM0.18%$334,50030.0K
24TCBCTC BANCSHARES INCCOM0.15%$272,20020.0K
251S4HARBORONE BANCORP INC NEWCOM NEW0.14%$265,44627.9K
26FSEAFIRST SEACOAST BANCORP INCCOM0.14%$264,79435.9K
27CULLCULLMAN BANCORP INCCOM0.14%$262,50025.0K
28PDLBPONCE FINANCIAL GROUP INCCOMMON STOCK0.13%$234,60030.0K
29ECBKECB BANCORP INCCOM0.12%$219,54820.0K
30BLFYBLUE FOUNDRY BANCORPCOM0.11%$198,17623.7K
31MEDALIST DIVERSIFIED REIT INCOM NEW0.07%$120,55522.8K
32RBKBRHINEBECK BANCORP INCCOM0.06%$101,57715.0K
33CFSB BANCORP INCCOM0.04%$70,00010.0K
34PG4PRINCIPAL FINANCIAL GROUP INCOM0.02%$39,422547
35METMETLIFE INCCOM0.00%$3,77560

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 ↗.