Q2 2025 Holdings
Filed 2025-08-06 | 30 holdings | $205.3M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Kingsway Finl Svcs Inc(KFS) | COM NEW | 496904202 | $75.0M | 5,539,306 | 36.5% |
| Wheeler Real Estate Invt TR | 7% SR NT 31 | 963025804 | $71.3M | 951,190 | 34.7% |
| Sound Finl Bancorp Inc(SFBC) | COM | 83607A100 | $18.9M | 410,019 | 9.2% |
| IF Bancorp Inc(IROQ) | COM | 44951J105 | $7.1M | 293,425 | 3.5% |
| Central Plains Bancshares in(CPBI) | COM | 15486W100 | $5.5M | 362,475 | 2.7% |
| Wheeler Real Estate Invt TR | COM | 963025812 | $3.3M | 537,616 | 1.6% |
| Wheeler Real Estate Invt TR | CV PFD SER B | 963025309 | $3.1M | 793,332 | 1.5% |
| FS Bancorp Inc(FSBW) | COM | 30263Y104 | $3.1M | 78,000 | 1.5% |
| Northeast Cmnty Bancorp Inc(NECB) | COM | 664121100 | $2.6M | 110,000 | 1.2% |
| Provident Bancorp Inc | COM NEW | 74383L105 | $2.2M | 177,891 | 1.1% |
| Lake Shore Bancorp Inc | COM | 510700107 | $1.9M | 121,893 | 0.9% |
| BV Finl Inc(BVFL) | COM NEW | 05603E208 | $1.5M | 100,000 | 0.7% |
| NB Bancorp Inc(NBBK) | COM | 63945M107 | $1.4M | 80,000 | 0.7% |
| First Svgs Finl Group Inc(FSFG) | COM | 33621E109 | $1.3M | 52,500 | 0.6% |
| Home FED Bancorp Inc LA New(HFBL) | COM | 43708L108 | $1.1M | 80,000 | 0.5% |
| Fifth Dist Bancorp Inc(FDSB) | COM | 316926104 | $988.0K | 80,000 | 0.5% |
| Catalyst Bancorp Inc(CLST) | COMMON STOCK | 14888L101 | $965.6K | 77,937 | 0.5% |
| Magyar Bancorp Inc(MGYR) | COM | 55977T208 | $666.8K | 40,000 | 0.3% |
| SR Bancorp Inc(SRBK) | COM | 85227J106 | $540.0K | 40,000 | 0.3% |
| Essa Bancorp Inc | COM | 29667D104 | $485.0K | 25,000 | 0.2% |
| PB Bankshares Inc(PBBK) | COM | 69318V103 | $484.7K | 27,431 | 0.2% |
| Richmond MUT Bancorporation(RMBI) | COM | 76525P100 | $414.0K | 30,000 | 0.2% |
| ECB Bancorp Inc(ECBK) | COM | 26828M106 | $308.8K | 20,000 | 0.2% |
| Ponce Financial Group Inc(PDLB) | COMMON STOCK | 732344106 | $276.8K | 20,000 | 0.1% |
| FB Bancorp Inc(FBLA) | COM | 31425A109 | $225.0K | 20,000 | 0.1% |
| Winchester Bancorp Inc(WSBK) | COM | 97269D103 | $223.8K | 25,000 | 0.1% |
| Marathon Bancorp Inc(MBBC) | COM NEW | 565759206 | $199.2K | 20,000 | 0.1% |
| Cfsb Bancorp Inc | COM | 12530C107 | $137.2K | 10,000 | 0.1% |
| Principal Financial Group in(PFG) | COM | 74251V102 | $43.4K | 547 | 0.0% |
| Metlife Inc(MET) | COM | 59156R108 | $4.8K | 60 | 0.0% |