Q1 2025 Holdings
Filed 2025-05-14 | 30 holdings | $194.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Wheeler Real Estate Invt TR | 7% SR NT 31 | 963025804 | $75.9M | 1,011,690 | 39.0% |
| Kingsway Finl Svcs Inc(KFS) | COM NEW | 496904202 | $45.1M | 5,700,527 | 23.2% |
| Sound Finl Bancorp Inc(SFBC) | COM | 83607A100 | $20.6M | 410,019 | 10.6% |
| Provident Bancorp Inc | COM NEW | 74383L105 | $19.6M | 1,706,467 | 10.1% |
| IF Bancorp Inc(IROQ) | COM | 44951J105 | $7.1M | 292,925 | 3.6% |
| Central Plains Bancshares in(CPBI) | COM | 15486W100 | $4.7M | 311,899 | 2.4% |
| Wheeler Real Estate Invt TR | CV PFD SER B | 963025309 | $3.2M | 808,377 | 1.7% |
| FS Bancorp Inc(FSBW) | COM | 30263Y104 | $3.0M | 78,000 | 1.5% |
| Northeast Cmnty Bancorp Inc(NECB) | COM | 664121100 | $2.6M | 110,000 | 1.3% |
| Lake Shore Bancorp Inc | COM | 510700107 | $1.9M | 121,893 | 1.0% |
| BV Finl Inc(BVFL) | COM NEW | 05603E208 | $1.5M | 100,000 | 0.8% |
| NB Bancorp Inc(NBBK) | COM | 63945M107 | $1.4M | 80,000 | 0.7% |
| First Svgs Finl Group Inc(FSFG) | COM | 33621E109 | $1.4M | 52,500 | 0.7% |
| Home FED Bancorp Inc LA New(HFBL) | COM | 43708L108 | $1.0M | 80,000 | 0.5% |
| Fifth Dist Bancorp Inc(FDSB) | COM | 316926104 | $976.0K | 80,000 | 0.5% |
| Magyar Bancorp Inc(MGYR) | COM | 55977T208 | $556.0K | 40,000 | 0.3% |
| 1895 Bancorp of WIS Inc(BCOW) | COM | 28253R105 | $515.0K | 50,000 | 0.3% |
| SR Bancorp Inc(SRBK) | COM | 85227J106 | $477.2K | 40,000 | 0.2% |
| Essa Bancorp Inc | COM | 29667D104 | $471.3K | 25,000 | 0.2% |
| Catalyst Bancorp Inc(CLST) | COMMON STOCK | 14888L101 | $465.9K | 39,991 | 0.2% |
| PB Bankshares Inc(PBBK) | COM | 69318V103 | $451.2K | 27,431 | 0.2% |
| Richmond MUT Bancorporation(RMBI) | COM | 76525P100 | $384.0K | 30,000 | 0.2% |
| Ponce Financial Group Inc(PDLB) | COMMON STOCK | 732344106 | $380.1K | 30,000 | 0.2% |
| ECB Bancorp Inc(ECBK) | COM | 26828M106 | $303.0K | 20,000 | 0.2% |
| Harborone Bancorp Inc New(1S4) | COM NEW | 41165Y100 | $289.1K | 27,883 | 0.1% |
| FB Bancorp Inc(FBLA) | COM | 31425A109 | $225.2K | 20,000 | 0.1% |
| Cfsb Bancorp Inc | COM | 12530C107 | $76.3K | 10,000 | 0.0% |
| Principal Financial Group in(PFG) | COM | 74251V102 | $46.2K | 547 | 0.0% |
| Wheeler Real Estate Invt TR | COM | 963025820 | $7.4K | 2,351 | 0.0% |
| Metlife Inc(MET) | COM | 59156R108 | $4.8K | 60 | 0.0% |