| Stock | Company | % Portfolio | Shares Held | Market Value | Change in Shares | % Change | Quarter End Price | Source |
|---|---|---|---|---|---|---|---|---|
| WHLRL | WHEELER REAL ESTATE INVT TR | 36.02% | 883,221 | $70,790,163 | -67,500 | -7.1% | $80.15 | 13F |
| KFS | KINGSWAY FINL SVCS INC | 23.02% | 3,363,450 | $45,238,403 | -1,936,427 | -36.54% | $13.45 | 13F |
| SFBC | SOUND FINL BANCORP INC | 9.10% | 410,019 | $17,889,129 | No Change | $43.63 | 13F | |
| PFBX | PEOPLES FINANCIAL CORP /MS/ | 7.69% | 734,884 | $15,109,215 | 734,884 | New | Form 4 | |
| LSBK | LAKE SHORE BANCORP INC | 5.77% | 773,675 | $11,342,076 | 35,000 | 4.74% | $14.66 | 13F |
| IROQ | IF BANCORP INC | 3.78% | 275,180 | $7,418,853 | -22,219 | -7.47% | $26.96 | 13F |
| CPBI | CENTRAL PLAINS BANCSHARES IN | 3.16% | 366,901 | $6,207,965 | No Change | $16.92 | 13F | |
| CLST | CATALYST BANCORP INC | 2.04% | 254,697 | $4,011,478 | 137,150 | 116.68% | $15.75 | 13F |
| WHLRP | WHEELER REAL ESTATE INVT TR | 2.01% | 761,466 | $3,952,009 | -28,000 | -3.55% | $5.19 | 13F |
| FSBW | FS BANCORP INC | 1.57% | 74,976 | $3,086,762 | -3,024 | -3.88% | $41.17 | 13F |
| NECB | NORTHEAST CMNTY BANCORP INC | 1.27% | 110,000 | $2,487,100 | No Change | $22.61 | 13F | |
| BVFL | BV FINL INC | 0.88% | 95,000 | $1,723,300 | -5,000 | -5% | $18.14 | 13F |
| HFBL | HOME FED BANCORP INC LA NEW | 0.73% | 80,000 | $1,440,000 | No Change | $18 | 13F | |
| NBBK | NB BANCORP INC | 0.66% | 65,000 | $1,288,300 | -15,000 | -18.75% | $19.82 | 13F |
| FDSB | FIFTH DIST BANCORP INC | 0.61% | 80,000 | $1,200,000 | No Change | $15 | 13F | |
| MGYR | MAGYAR BANCORP INC | 0.35% | 40,000 | $691,200 | No Change | $17.28 | 13F | |
| AVBC | AVIDIA BANCORP INC | 0.34% | 40,000 | $672,400 | No Change | $16.81 | 13F | |
| SRBK | SR BANCORP INC | 0.32% | 40,000 | $629,600 | No Change | $15.74 | 13F | |
| ECBK | ECB BANCORP INC | 0.18% | 20,000 | $347,800 | No Change | $17.39 | 13F | |
| PDLB | PONCE FINANCIAL GROUP INC | 0.17% | 20,000 | $327,000 | No Change | $16.35 | 13F | |
| FBLA | FB BANCORP INC | 0.13% | 20,000 | $257,000 | No Change | $12.85 | 13F | |
| MBBC | MARATHON BANCORP INC | 0.12% | 20,000 | $243,200 | No Change | $12.16 | 13F | |
| WHLR | WHEELER REAL ESTATE INVT TR | 0.05% | 57,099 | $97,068 | 57,099 | New | $1.7 | 13F |
| PFG | PRINCIPAL FINANCIAL GROUP IN | 0.02% | 547 | $48,251 | No Change | $88.21 | 13F | |
| MET | METLIFE INC | 0.00241% | 60 | $4,736 | No Change | $78.93 | 13F | |
| CFSB | CFSB BANCORP INC | -10,000 | Exited | 13F | ||||
| FSFG | FIRST SVGS FINL GROUP INC | -31,973 | Exited | 13F | ||||
| PBBK | PB BANKSHARES INC | -27,431 | Exited | 13F | ||||
| AGQ | PROSHARES TR II | -5,000 | Exited | 13F | ||||
| RMBI | RICHMOND MUT BANCORPORATION | -30,000 | Exited | 13F | ||||
| SPY | SPDR S&P 500 ETF TR (Put) | -20,000 | Exited | 13F | ||||
| WHLR | WHEELER REAL ESTATE INVT TR | -107,521 | Exited | 13F | ||||
| WSBK | WINCHESTER BANCORP INC | -25,000 | Exited | 13F |