STILWELL VALUE LLC
Long book
$166.9M
Q1 2026
Positions
25
Top-10 weight
95%
concentration
Last quarter
+4.9%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsSTILWELL VALUE LLC is a concentrated fundamental stock-picker, specialised in financials (99% of the long book), running a $166.9M US long book across 25 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: WHEELER REIT INC, KINGSWAY CORP, SOUND FINANCIAL BANCORP INC, LAKE SHORE BANCORP INC/MD, CENTRAL PLAINS BANCSHARES IN.
Over the last 9 quarters its long book ran on average 0.3pp per quarter ahead of the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.7%
Q2 2024
+9.8%
Q3 2024
+0.2%
Q4 2024
-4.5%
Q1 2025
+36.7%
Q2 2025
+6.0%
Q3 2025
-2.7%
Q4 2025
-9.1%
Q1 2026
+4.9%
Sector allocation
Financials 56%
Other 44%
Healthcare 0%
Long book by quarter
What does STILWELL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| WHLR 7 12/31/31 WHEELER REIT INC | — | 883.2K | $70.8M | 42.4% | Held |
| KWY KINGSWAY CORP | Financials | 3.4M | $35.1M | 21.0% | Held |
| SFBC SOUND FINANCIAL BANCORP INC | Financials | 410.0K | $17.9M | 10.7% | Held |
| LSBK LAKE SHORE BANCORP INC/MD | Financials | 773.7K | $11.7M | 7.0% | Held |
| CPBI CENTRAL PLAINS BANCSHARES IN | Financials | 366.9K | $6.3M | 3.8% | Held |
| CLST CATALYST BANCORP INC | Financials | 282.4K | $4.7M | 2.8% | +10.9% |
| FSBW FS BANCORP INC | Financials | 72.0K | $2.8M | 1.7% | -4.0% |
| NECB NORTHEAST COMMUNITY BANCORP | Financials | 110.0K | $2.6M | 1.6% | Held |
| BVFL BV FINANCIAL INC | Financials | 90.0K | $1.7M | 1.0% | -5.3% |
| HFBL HOME FEDERAL BANCORP INC/LA | Financials | 80.0K | $1.4M | 0.8% | Held |
| NBBK NB BANCORP INC | Financials | 65.0K | $1.4M | 0.8% | Held |
| FDSB FIFTH DISTRICT BANCORP INC | Financials | 80.0K | $1.2M | 0.7% | Held |
| AVBC AVIDIA BANCORP INC | Financials | 40.0K | $787K | 0.5% | Held |
| MGYR MAGYAR BANCORP INC | Financials | 40.0K | $692K | 0.4% | Held |
| IBRX IMMUNITYBIO INC | Healthcare | 80.0K | $614K | 0.4% | New |
| SRBK SR BANCORP INC | Financials | 20.0K | $338K | 0.2% | -50.0% |
| ECBK ECB BANCORP INC | Financials | 20.0K | $335K | 0.2% | Held |
| PDLB PONCE FINANCIAL GROUP INC | Financials | 20.0K | $334K | 0.2% | Held |
| FBLA FB BANCORP INC | Financials | 20.0K | $275K | 0.2% | Held |
| MBBC MARATHON BANCORP INC | Financials | 20.0K | $271K | 0.2% | Held |
| PFG PRINCIPAL FINANCIAL GROUP | Financials | 547 | $49K | 0.0% | Held |
| MET METLIFE INC | Financials | 60 | $4K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 25 | $166.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 24 | $181.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 31 | $226.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 30 | $205.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 30 | $194.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 32 | $198.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 33 | $211.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 34 | $192.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 35 | $193.0M | canonical | SEC ↗ |