CIK 1113303
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2014-Q3. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 71.06% | 40 |
| Banks | 17.40% | 11 |
| Insurance | 11.54% | 3 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | KWY | KINGSWAY Corp | Financials | 11.52% |
| 2 | FIRST FINANCIAL NORTHWEST IN | Unclassified | 9.12% | |
| 3 | PROV | PROVIDENT FINANCIAL HOLDINGS INC | Financials | 6.11% |
| 4 | Northeast Community Bancorp Inc | Unclassified | 5.04% | |
| 5 | HOPFED BANCORP INC | Unclassified | 5.04% | |
| 6 | MALVERN BANCORP INC | Unclassified | 4.49% | |
| 7 | ANCHOR BANCORP WIS INC DEL | Unclassified | 4.15% | |
| 8 | IROQ | IF BANCORP INC | Unclassified | 3.80% |
| 9 | NAUGATUCK VY FINL CORP MD | Unclassified | 3.35% | |
| 10 | POAGE BANKSHARES INC | Unclassified | 3.20% |
14/54 names classified · sector 28.9% of weight · industry 28.9% · mkt cap 28.9%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 28.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 16% of book weight classified — the grid is NOT representative of the whole book.
Classified: 16.3% of book weight (12/18 names) · unclassified 83.7%: , KWY, IROQ, HTB, OFED, WBBW. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | KWYKINGSWAY FINL SVCS INC | 3,609,718 | $20M | 11.5% | HOLD |
| 2 | FIRST FINANCIAL NORTHWEST IN | 1,318,100 | $16M | 9.1% | HOLD |
| 3 | PROVPROVIDENT FINL HLDGS INC | 701,917 | $11M | 6.1% | ADD 3% |
| 4 | Northeast Community Bancorp Inc | 1,215,212 | $9M | 5.0% | HOLD |
| 5 | HOPFED BANCORP INC | 689,628 | $9M | 5.0% | HOLD |
| 6 | MALVERN BANCORP INC | 645,416 | $8M | 4.5% | HOLD |
| 7 | ANCHOR BANCORP WIS INC DEL | 209,800 | $7M | 4.2% | NEW |
| 8 | IROQIF BANCORP INC | 391,111 | $7M | 3.8% | HOLD |
| 9 | NAUGATUCK VY FINL CORP MD | 679,831 | $6M | 3.3% | HOLD |
| 10 | POAGE BANKSHARES INC | 374,708 | $6M | 3.2% | HOLD |
| 11 | UNITED CMNTY BANCORP IND | 448,320 | $5M | 3.0% | TRIM −4% |
| 12 | ANCHOR BANCORP WA | 251,725 | $5M | 3.0% | NEW |
| 13 | WOLVERINE BANCORP INC | 206,407 | $5M | 2.8% | HOLD |
| 14 | COLONIAL FINL SVCS INC | 359,596 | $5M | 2.8% | HOLD |
| 15 | SFBCSOUND FINL BANCORP INC | 239,683 | $5M | 2.6% | HOLD |
| 16 | HAMILTON BANCORP INC MD | 315,101 | $4M | 2.4% | HOLD |
| 17 | JACKSONVILLE BANCORP INC MD | 162,285 | $4M | 2.1% | ADD 14% |
| 18 | ENTEGRA FINL CORP | 236,968 | $3M | 2.0% | NEW |
| 19 | WSBFWATERSTONE FINL INC MD | 258,149 | $3M | 2.0% | HOLD |
| 20 | WAYNE SVGS BANCSHARES INC | 246,220 | $3M | 1.9% | TRIM −6% |
| 21 | Polonia Bancorp, Inc. | 287,379 | $3M | 1.7% | TRIM −6% |
| 22 | CBFVCB FINL SVCS INC | 149,243 | $3M | 1.7% | NEW |
| 23 | GEORGETOWN BANCORP INC MD | 140,000 | $2M | 1.3% | HOLD |
| 24 | FSBWFS BANCORP INC | 120,000 | $2M | 1.3% | HOLD |
| 25 | HTBHOMETRUST BANCSHARES INC | 120,000 | $2M | 1.1% | HOLD |
| 26 | LAKE SHORE BANCORP INC | 145,495 | $2M | 1.1% | ADD 83% |
| 27 | OFEDOCONEE FED FINL CORP | 97,500 | $2M | 1.1% | TRIM −3% |
| 28 | MFINMEDALLION FINL CORP | 192,629 | $2M | 1.1% | ADD 83% |
| 29 | INVESTORS BANCORP INC NEW | 160,000 | $2M | 1.0% | HOLD |
| 30 | WBBWWESTBURY BANCORP INC COM | 89,950 | $1M | 0.8% | HOLD |
| 31 | SIMPLICITY BANCORP | 85,000 | $1M | 0.8% | NEW |
| 32 | HFBLHOME FED BANCORP INC LA NEW | 70,000 | $1M | 0.8% | HOLD |
| 33 | 1347 PPTY INS HLDGS INC | 156,800 | $1M | 0.7% | HOLD |
| 34 | WELLESLEY BANCORP INC | 55,275 | $1M | 0.6% | TRIM −2% |
| 35 | FBPFIRST BANCORP P R | 180,000 | $1M | 0.6% | NEW |
| 36 | CHEVIOT FINANCIAL CORP | 60,000 | $853,000 | 0.5% | HOLD |
| 37 | BLUE HILLS BANCORP INC | 60,000 | $815,000 | 0.5% | NEW |
| 38 | First Federal Northern Michigan Bancorp. | 135,900 | $746,000 | 0.4% | ADD 12% |
| 39 | MSB FINANCIAL CORPORATION | 61,917 | $635,000 | 0.4% | HOLD |
| 40 | FIRST SAVINGS FINL GROUP INC | 20,000 | $525,000 | 0.3% | NEW |
| 41 | SUNSHINE BANCORP INC COM | 42,344 | $518,000 | 0.3% | NEW |
| 42 | ESSA BANCORP INC COM | 35,000 | $420,000 | 0.2% | HOLD |
| 43 | PSB HOLDINGS INC | 52,716 | $410,000 | 0.2% | HOLD |
| 44 | MELROSE BANCORP INC | 30,000 | $397,000 | 0.2% | NEW |
| 45 | RIVER VY BANCORP | 12,000 | $254,000 | 0.1% | HOLD |
| 46 | COASTWAY BANCORP INC | 20,000 | $232,000 | 0.1% | HOLD |
| 47 | MERIDIAN BANCORP INC MD | 17,641 | $198,000 | 0.1% | NEW |
| 48 | BPOPPOPULAR INC | 5,000 | $170,000 | 0.1% | NEW |
| 49 | CLIFTON BANCORP INC | 6,986 | $95,000 | 0.1% | HOLD |
| 50 | STEWARDSHIP FINL CORP | 14,528 | $71,000 | 0.0% | HOLD |
| 51 | LAPORTE BANCORP INC MD | 4,875 | $61,000 | 0.0% | HOLD |
| 52 | MGYRMAGYAR BANCORP INC COM | 6,600 | $56,000 | 0.0% | ADD 53% |
| 53 | PFGPRINCIPAL FINANCIAL GROUP IN | 547 | $28,000 | 0.0% | HOLD |
| 54 | METMETLIFE INC | 60 | $3,000 | 0.0% | HOLD |
Where this firm's principals came from and which firms its alumni went on to found.
