STILWELL VALUE LLC

NEW YORK, NY · CIK 1397076 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 2012 · limited liability company

Assets managed$278.7m
Staff11 · 2 in investment roles
Main clients (by assets)Private funds 100%
Private funds5 (5 hedge) · $278.7m gross assets
Form ADV · 2026-03-27SEC adviser record

Legal entityStilwell Value LLC (US)

Kindhedge funds
Others nearbyNew York, NY, Brewster, NY

As an employer

Offices in1 country
Private fundshedge 5

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
New York, NY (main office)United States	United States
Brewster, NYUnited States	United States	1
San Juan, PRUnited States	United States	1

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$174.4m reported value +4.5% vs Q1 2026

24positions

95.4%in top 10

2 new 2 added 7 reduced 3 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WHEELER REAL ESTATE INVT TR 7% SR NT 31 WHLR 7 12.31.31	WHLR 7 12.31.31	865,721	$71.4m40.96%	40.96%	Reduced -17.5k	-17,500 -2.0%
2	KINGSWAY FINL SVCS INC COM NEW KWY	KWY	3,363,450	$35.0m20.10%	20.10%	Unchanged
3	SOUND FINL BANCORP INC COM SFBC	SFBC	410,019	$17.7m10.14%	10.14%	Unchanged
4	LAKE SHORE BANCORP INC COM LSBK	LSBK	773,675	$13.8m7.90%	7.90%	Unchanged
5	CENTRAL PLAINS BANCSHARES IN COM CPBI	CPBI	406,874	$7.7m4.44%	4.44%	Added +40.0k	+39,973 10.9%
6	WHEELER REAL ESTATE INVT TR CV PFD SER B WHLR 9 PERP B	WHLR 9 PERP B	710,466	$7.1m4.07%	4.07%	Reduced -25.0k	-25,000 -3.4%
7	CATALYST BANCORP INC COMMON STOCK CLST	CLST	364,085	$6.0m3.45%	3.45%	Added +81.7k	+81,651 28.9%
8	FS BANCORP INC COM FSBW	FSBW	70,000	$3.0m1.74%	1.74%	Reduced -2.0k	-2,000 -2.8%
9	NORTHEAST CMNTY BANCORP INC COM NECB	NECB	100,000	$2.8m1.59%	1.59%	Reduced -10.0k	-10,000 -9.1%
10	BV FINL INC COM NEW BVFL	BVFL	80,000	$1.7m0.97%	0.97%	Reduced -10.0k	-10,000 -11.1%
11	HOME FED BANCORP INC LA NEW COM HFBL	HFBL	80,000	$1.7m0.96%	0.96%	Unchanged
12	FIFTH DIST BANCORP INC COM FDSB	FDSB	80,000	$1.3m0.74%	0.74%	Unchanged
13	NB BANCORP INC COM NBBK	NBBK	50,000	$1.1m0.61%	0.61%	Reduced -15.0k	-15,000 -23.1%
14	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	5,000	$854.3k0.49%	0.49%	New
15	AVIDIA BANCORP INC COMMON STOCK AVBC	AVBC	35,000	$734.6k0.42%	0.42%	Reduced -5.0k	-5,000 -12.5%
16	MAGYAR BANCORP INC COM MGYR	MGYR	40,000	$698.0k0.40%	0.40%	Unchanged
17	ECB BANCORP INC COM ECBK	ECBK	20,000	$401.6k0.23%	0.23%	Unchanged
18	PONCE FINANCIAL GROUP INC COMMON STOCK PDLB	PDLB	20,000	$398.8k0.23%	0.23%	Unchanged
19	MARATHON BANCORP INC COM NEW MBBC	MBBC	20,000	$305.6k0.18%	0.18%	Unchanged
20	FB BANCORP INC COM FBLA	FBLA	20,000	$301.2k0.17%	0.17%	Unchanged
21	PROSHARES TR II ULTRA SILVER NEW AGQ	AGQ	4,000	$272.0k0.16%	0.16%	Unchanged
22	PRINCIPAL FINANCIAL GROUP IN COM PFG	PFG	547	$59.0k0.03%	0.03%	Unchanged
23	METLIFE INC COM MET	MET	60	$5.1k0.00%	0.00%	Unchanged
24	WHEELER REAL ESTATE INVT TR COM COM		1,583	$2.0k0.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
IMMUNITYBIO INC IBRX	IBRX	80,000	$613.6k80.0k shares
SR BANCORP INC SRBK	SRBK	20,000	$337.6k20.0k shares
WHEELER REAL ESTATE INVT TR		19,029	$17.6k19.0k shares

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-08-13	KINGSWAY FINL SVCS INC Director · See footnote	KWY	Sold	100,000	$1.0m100.0k shares	-23%
2026-07-31	Peoples Financial 10% owner · See footnote	PFBX	Bought	42,658	$949.1k42.7k shares	+9%
2026-07-15	Peoples Financial 10% owner · See footnote	PFBX	Bought	2,500	$54.4k2.5k shares	+0%
2026-07-13	Peoples Financial 10% owner · See footnote	PFBX	Bought	200	$4.3k200 shares	+<1%
2026-07-02	Peoples Financial 10% owner · See footnote	PFBX	Bought	507	$10.8k507 shares	+<1%
2026-07-01	Peoples Financial 10% owner · See footnote	PFBX	Bought	2,150	$45.7k2.1k shares	+0%
2026-06-03	Peoples Financial 10% owner · See footnote	PFBX	Bought	200	$4.2k200 shares	+<1%
2026-05-26	Peoples Financial 10% owner · See footnote	PFBX	Bought	1,717	$36.5k1.7k shares	+<1%
2026-05-18	Peoples Financial 10% owner · See footnote	PFBX	Bought	999	$21.2k999 shares	+<1%
2026-05-12	Peoples Financial 10% owner · See footnote	PFBX	Bought	500	$10.6k500 shares	+<1%
2026-05-11	Peoples Financial 10% owner · See footnote	PFBX	Bought	789	$16.8k789 shares	+<1%
2026-05-08	Peoples Financial 10% owner · See footnote	PFBX	Bought	2,212	$47.0k2.2k shares	+0%
2026-05-06	Peoples Financial 10% owner · See footnote	PFBX	Bought	2,058	$43.7k2.1k shares	+<1%
2026-05-04	Peoples Financial 10% owner · See footnote	PFBX	Bought	500	$10.8k500 shares	+<1%
2026-04-24	Peoples Financial 10% owner · See footnote	PFBX	Bought	620	$13.3k620 shares	+<1%