KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share (KFS) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock, par value $0.01 per share
Symbol
KFS on NYSE
Shares outstanding
28,960,949
Price per share
$13.45
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
13,599,894
Total reported value
$198,831,510
% of total 13F portfolios
0.01%
Share change
+534,731
Value change
+$7,857,189
Number of holders
68
Price from insider filings
$13.45
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share (KFS) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Stilwell Joseph 13% -36% $54,361,112 -$30,610,707 3,703,073 -36% Stilwell Activist Fund, L.P. 17 Dec 2025
David Capital Partners, LLC 9% -2.2% $38,394,381 +$1,004,420 2,615,421 +2.7% David Capital Partners, LLC 17 Dec 2025
Hannon Gregory Paul 8.2% -21% $35,028,227 -$7,340,000 2,386,119 -17% Gregory P. Hannon 17 Dec 2025
MIRABELLA FINANCIAL SERVICES LLP 6.8% +18% $26,677,288 +$5,161,448 1,983,825 +24% Mirabella Financial Services LLP 31 Dec 2025
Greenhaven Road Investment Management, L.P. 6.8% $28,809,236 1,970,536 Greenhaven Road Investment Management, L.P. 30 Oct 2025
Frischer Charles L 6.8% $14,701,626 1,863,324 Charles Frischer 11 Apr 2025
Palm Management (US) LLC 1.5% 0% $6,412,846 +$540,841 436,842 +9.2% Joshua S. Horowitz 17 Dec 2025

As of 30 Sep 2025, 68 institutional investors reported holding 13,599,894 shares of KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share (KFS). This represents 47% of the company’s total 28,960,949 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share (KFS) together control 46% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
STILWELL VALUE LLC 18% 5,299,877 -4.3% 36% $77,484,202
MIRABELLA FINANCIAL SERVICES LLP 7.6% 2,189,905 +13% 2.8% $32,016,411
Greenhaven Road Investment Management, L.P. 4.5% 1,310,536 0% 7.9% $19,160,036
BlackRock, Inc. 3.9% 1,140,449 +18% 0% $16,673,365
VANGUARD GROUP INC 3.3% 948,838 +12% 0% $13,872,011
GEODE CAPITAL MANAGEMENT, LLC 1.6% 460,264 +7.8% 0% $6,730,118
Belpointe Asset Management LLC 1.3% 372,361 -3.3% 0.21% $5,443,918
BARD ASSOCIATES INC 0.97% 280,490 -1.3% 1.1% $4,100,764
STATE STREET CORP 0.95% 274,297 +28% 0% $4,010,222
RENAISSANCE TECHNOLOGIES LLC 0.94% 271,415 +3.3% 0.01% $3,968,087
NORTHERN TRUST CORP 0.6% 173,271 +7.3% 0% $2,533,222
GOLDMAN SACHS GROUP INC 0.45% 129,359 +52% 0% $1,891,229
1060 Capital, LLC 0.26% 75,400 0% 3.7% $1,102,348
Informed Momentum Co LLC 0.22% 63,818 -17% 0.11% $933,019
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.2% 58,730 +14% 0% $858,633
Bank of New York Mellon Corp 0.15% 43,742 +25% 0% $639,508
MORGAN STANLEY 0.12% 35,898 -22% 0% $524,829
O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.11% 32,644 +149% 0% $477,255
BANK OF AMERICA CORP /DE/ 0.11% 32,329 -7.6% 0% $472,650
UBS Group AG 0.11% 31,518 +40% 0% $460,793
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.11% 31,100 0% 0.01% $454,682
BARCLAYS PLC 0.1% 30,203 -5.7% 0% $441,569
STIFEL FINANCIAL CORP 0.1% 28,500 +185% 0% $416,670
RHUMBLINE ADVISERS 0.09% 26,495 +2.9% 0% $387,351
Nuveen, LLC 0.08% 23,957 0% 0% $350,251

Institutional Holders of KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share (KFS) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 2,170 $29,559 -$275 $13.45 4
2025 Q3 13,599,894 $198,831,510 +$7,857,189 $14.62 68
2025 Q2 13,190,921 $182,063,669 +$14,873,071 $13.54 65
2025 Q1 12,168,256 $96,374,153 -$4,784,653 $7.92 63
2024 Q4 12,771,473 $106,864,590 +$9,932,071 $8.37 58
2024 Q3 11,590,262 $95,965,136 +$1,560,346 $8.28 54
2024 Q2 11,376,298 $93,740,352 -$6,228,719 $8.24 48
2024 Q1 12,110,392 $101,000,223 +$2,196,764 $8.34 47
2023 Q4 11,843,503 $99,486,576 -$1,668,245 $8.40 45
2023 Q3 11,654,578 $87,990,624 +$7,768,698 $7.55 46
2023 Q2 10,601,784 $86,402,318 +$5,724,463 $8.15 42
2023 Q1 9,872,816 $86,978,582 +$4,956,517 $8.81 37
2022 Q4 9,344,819 $74,103,109 +$3,281,950 $7.93 23
2022 Q3 8,934,193 $62,001,000 +$221,923 $6.94 20
2022 Q2 547,826 $3,123,000 +$84 $7.52 2
2022 Q1 547,817 $3,013,000 +$439,044 $7.85 2
2021 Q4 0 $0 -$1,000 $13.45 0
2021 Q3 8,003,002 $42,889,000 +$306,172 $5.36 18
2021 Q2 7,786,564 $38,936,000 +$2,184,428 $5.01 14
2021 Q1 7,363,503 $34,240,000 +$1,013,140 $4.65 19
2020 Q4 7,145,725 $33,585,000 +$590,603 $4.70 14
2020 Q3 7,025,814 $20,725,000 +$2,310,810 $2.95 13
2020 Q2 6,246,596 $13,977,000 +$40,315 $2.24 12
2020 Q1 6,232,735 $12,340,000 -$129,286 $1.98 14
2019 Q4 6,300,845 $11,714,000 -$251,864 $1.86 16
2019 Q3 6,428,096 $14,204,000 -$11,346 $2.21 16
2019 Q2 6,432,992 $15,758,000 -$307,074 $2.45 17
2019 Q1 6,542,040 $20,279,000 +$2,234,017 $3.10 17
2018 Q4 5,821,118 $16,705,000 +$1,796,650 $2.87 11
2018 Q3 5,170,697 $14,479,000 +$786,351 $2.80 16
2018 Q2 4,895,058 $13,460,000 -$820,061 $2.75 15
2018 Q1 5,193,260 $20,774,000 -$3,183,986 $4.00 14
2017 Q4 5,847,233 $29,528,000 -$1,076,548 $5.05 18
2017 Q3 6,060,629 $36,971,000 +$1,040,490 $6.10 15
2017 Q2 5,819,629 $35,208,108 +$1,939,218 $6.05 14
2017 Q1 5,525,394 $32,046,377 +$2,357,875 $5.80 13
2016 Q4 4,536,849 $28,355,000 +$1,524,365 $6.25 12
2016 Q3 4,297,256 $24,642,049 +$151,099 $5.74 12
2016 Q2 4,270,662 $22,931,000 -$247,577 $5.37 10
2016 Q1 4,318,190 $20,511,000 -$20,148 $4.75 10
2015 Q4 4,322,764 $19,754,000 -$1,293,804 $4.57 9
2015 Q3 4,299,631 $19,842,000 +$95,512 $4.61 7
2015 Q2 250 $1,000 -$8,000 $4.00 1
2015 Q1 113 $1,000 -$652,888 $8.85 1
2014 Q4 4,584,500 $25,481,000 -$856,512 $5.55 10
2014 Q3 4,738,783 $29,763,000 +$8,037,437 $6.28 10
2014 Q2 3,459,662 $21,673,000 +$437,364 $6.25 12
2014 Q1 3,389,039 $13,746,000 -$677,449 $4.02 8