STILWELL VALUE LLC

Portfolio Overview

STILWELL VALUE LLC disclosed 24 positions worth $174.4M in its Form 13F-HR for Q2 2026. During the quarter the fund opened 1 new position and exited 2 — including a new stake in $SPCX and a full exit from $IBRX. The portfolio is most concentrated in Other (65.1% of disclosed assets). All figures are sourced directly from STILWELL VALUE LLC’s Form 13F-HR filing with the SEC under CIK 1397076.

• WHEELER REAL ESTATE INVT TR - 7% SR NT 31

  —

  Quality

  $71.4M865,721 sh

• KINGSWAY CORP - COM NEW

  —

  Quality

  $35.0M3,363,450 sh
• 

  Sound Financial Bancorp, Inc.

  $SFBC

  43.7#1,959

  Quality

  $17.7M410,019 sh
• 

  Lake Shore Bancorp, Inc. /MD/

  $LSBK

  53.7

  Quality

  $13.8M773,675 sh
• 

  Central Plains Bancshares, Inc.

  $CPBI

  —

  Quality

  $7.7M406,874 sh

• WHEELER REAL ESTATE INVT TR - CV PFD SER B

  —

  Quality

  $7.1M710,466 sh
• 

  Catalyst Bancorp, Inc.

  $CLST

  55.0

  Quality

  $6.0M364,085 sh
• 

  FS Bancorp, Inc.

  $FSBW

  44.9

  Quality

  $3.0M70,000 sh
• 

  NorthEast Community Bancorp, Inc./MD/

  $NECB

  48.2

  Quality

  $2.8M100,000 sh
• 

  BV Financial, Inc.

  $BVFL

  45.2

  Quality

  $1.7M80,000 sh

Company	Quality	Value	Shares
WHEELER REAL ESTATE INVT TR - 7% SR NT 31	—	$71.4M	865,721
KINGSWAY CORP - COM NEW	—	$35.0M	3,363,450
Sound Financial Bancorp, Inc.$SFBC	43.7#1,959	$17.7M	410,019
Lake Shore Bancorp, Inc. /MD/$LSBK	53.7	$13.8M	773,675
Central Plains Bancshares, Inc.$CPBI	—	$7.7M	406,874
WHEELER REAL ESTATE INVT TR - CV PFD SER B	—	$7.1M	710,466
Catalyst Bancorp, Inc.$CLST	55.0	$6.0M	364,085
FS Bancorp, Inc.$FSBW	44.9	$3.0M	70,000
NorthEast Community Bancorp, Inc./MD/$NECB	48.2	$2.8M	100,000
BV Financial, Inc.$BVFL	45.2	$1.7M	80,000

Showing top 10 of 24 holdings.

Full Holdings — STILWELL VALUE LLC (Q2 2026)

All 24 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	WHEELER REAL ESTATE INVT TR - 7% SR NT 31	$71.4M	41.0%	-2%	—
2	—	KINGSWAY CORP - COM NEW	$35.0M	20.1%	+0%	—
3	$SFBC	Sound Financial Bancorp, Inc.	$17.7M	10.1%	+0%	43.7
4	$LSBK	Lake Shore Bancorp, Inc. /MD/	$13.8M	7.9%	+0%	53.7
5	$CPBI	Central Plains Bancshares, Inc.	$7.7M	4.4%	+11%	—
6	—	WHEELER REAL ESTATE INVT TR - CV PFD SER B	$7.1M	4.1%	-3%	—
7	$CLST	Catalyst Bancorp, Inc.	$6.0M	3.5%	+29%	55
8	$FSBW	FS Bancorp, Inc.	$3.0M	1.7%	-3%	44.9
9	$NECB	NorthEast Community Bancorp, Inc./MD/	$2.8M	1.6%	-9%	48.2
10	$BVFL	BV Financial, Inc.	$1.7M	1.0%	-11%	45.2
11	$HFBL	Home Federal Bancorp, Inc. of Louisiana	$1.7M	1.0%	+0%	48
12	$FDSB	Fifth District Bancorp, Inc.	$1.3M	0.7%	+0%	43.4
13	$NBBK	NB Bancorp, Inc.	$1.1M	0.6%	-23%	60.3
14	$SPCX	SPACE EXPLORATION TECHNOLOGIES CORP	$854,300	0.5%	NEW	—
15	$AVBC	Avidia Bancorp, Inc.	$734,650	0.4%	-13%	56.6
16	$MGYR	Magyar Bancorp, Inc.	$698,000	0.4%	+0%	—
17	$ECBK	ECB Bancorp, Inc. /MD/	$401,600	0.2%	+0%	54.8
18	$PDLB	Ponce Financial Group, Inc.	$398,800	0.2%	+0%	59.7
19	$MBBC	Marathon Bancorp, Inc. /MD/	$305,600	0.2%	+0%	—
20	$FBLA	FB Bancorp, Inc. /MD/	$301,200	0.2%	+0%	36.9
21	$AGQ	ProShares Trust II	$272,040	0.2%	+0%	—
22	$PFG	PRINCIPAL FINANCIAL GROUP INC	$58,956	0.0%	+0%	57.5
23	$MET	METLIFE INC	$5,077	0.0%	+0%	56.2
24	$WHLR	Wheeler Real Estate Investment Trust, Inc.	$1,979	0.0%	-92%	—