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13-F holdings, Q4 2014

Stilwell Joseph

A 13-F is the report large US investment managers file with the SEC each quarter, listing the stocks they held at quarter end.

Reported value
$173.9M
Positions
54
Filed
Data as of

These holdings are as of , 4,335 days ago.

The deadlines for 46 following quarters have passed, and we hold no newer list of holdings from this filer. That can mean it filed a notice instead, stopped reporting, or that our copy is behind.

13-Fs for Q3 2026 are due by .

See this manager's Holder IQ and how the book overlaps yours

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Top holdings

  1. KFS$20M
    3,609,718 shares11.5% of the book
  2. PROV$10.6M
    701,917 shares6.1% of the book
  3. IROQ$6.6M
    391,111 shares3.8% of the book
  4. SFBC$4.5M
    239,683 shares2.6% of the book
  5. WSBF$3.4M
    258,149 shares2% of the book
  6. CBFV$3M
    149,243 shares1.7% of the book
  7. FSBW$2.2M
    120,000 shares1.3% of the book
  8. HTB$2M
    120,000 shares1.1% of the book
  9. LSBK$2M
    145,495 shares1.1% of the book
  10. OFED$2M
    97,500 shares1.1% of the book

What changed this quarter

6 new positions and 3 sold out, against Q3 2014. Added and trimmed positions use the change in split-adjusted shares at the Q4 2014 implied price; full exits use their Q3 2014 reported value, not sale proceeds.

Largest buys

  • CBFV

    CB FINL SVCS INC

    +$3M

    New

    Your stake and evidence for CBFV

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    A position newly appears in the Q4 2014 book.

    Displayed change: +$3M. The current book reports 149,243 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    A new position uses its current quarter's reported dollar value; this is not the amount spent buying it.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 2970000 USD. Current reported shares: 149243. Prior shares on current basis: not recorded.

  • SIMPLICITY BANCORP

    +$1.5M

    New

    Your stake and evidence for SIMPLICITY BANCORP

    What it means for you

    This filing line has no matched ticker, so your stake is unavailable.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    A position newly appears in the Q4 2014 book.

    Displayed change: +$1.5M. The current book reports 85,000 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    A new position uses its current quarter's reported dollar value; this is not the amount spent buying it.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 1458000 USD. Current reported shares: 85000. Prior shares on current basis: not recorded.

  • FBP

    FIRST BANCORP P R

    +$1.1M

    New

    Your stake and evidence for FBP

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    A position newly appears in the Q4 2014 book.

    Displayed change: +$1.1M. The current book reports 180,000 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    A new position uses its current quarter's reported dollar value; this is not the amount spent buying it.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 1057000 USD. Current reported shares: 180000. Prior shares on current basis: not recorded.

  • LSBK

    LAKE SHORE BANCORP INC

    +$895.7K

    +83.2% shares

    Your stake and evidence for LSBK

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q3 2014 and Q4 2014.

    Displayed change: +$895.7K. The current book reports 145,495 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    145,495 current shares − 79,440 prior shares on the same basis = +66,055 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 895745.6613629335 USD. Current reported shares: 145495. Prior shares on current basis: 79440.

  • MFIN

    MEDALLION FINL CORP

    +$877.1K

    +83.5% shares

    Your stake and evidence for MFIN

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares increased between Q3 2014 and Q4 2014.

    Displayed change: +$877.1K. The current book reports 192,629 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    192,629 current shares − 105,000 prior shares on the same basis = +87,629 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: 877067.8973570957 USD. Current reported shares: 192629. Prior shares on current basis: 105000.

Largest sells

  • FEDFIRST FINL CORP

    −$4.9M

    Sold out, was 3.1% of the book

    Your stake and evidence for FEDFIRST FINL CORP

    What it means for you

    This filing line has no matched ticker, so your stake is unavailable.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    The position reported in Q3 2014 is absent from the comparable Q4 2014 book.

    Displayed change: −$4.9M. This was 3.1% of the prior book.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    A full exit is shown as the negative of its prior reported value, not sale proceeds or a value at today's price.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -4859000 USD. Current reported shares: not recorded. Prior shares on current basis: 223384.

  • HAMPDEN BANCORP INC

    −$344K

    Sold out, was 0.22% of the book

    Your stake and evidence for HAMPDEN BANCORP INC

    What it means for you

    This filing line has no matched ticker, so your stake is unavailable.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    The position reported in Q3 2014 is absent from the comparable Q4 2014 book.

    Displayed change: −$344K. This was 0.22% of the prior book.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    A full exit is shown as the negative of its prior reported value, not sale proceeds or a value at today's price.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -344000 USD. Current reported shares: not recorded. Prior shares on current basis: 20000.

  • PFBX

    PEOPLES FINL CORP MISS

    −$265K

    Sold out, was 0.17% of the book

    Your stake and evidence for PFBX

    What it means for you

    This public view does not read your holdings or watchlist; open the member view to check your stake.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    The position reported in Q3 2014 is absent from the comparable Q4 2014 book.

    Displayed change: −$265K. This was 0.17% of the prior book.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    A full exit is shown as the negative of its prior reported value, not sale proceeds or a value at today's price.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -265000 USD. Current reported shares: not recorded. Prior shares on current basis: 20000.

  • UNITED CMNTY BANCORP IND

    −$218.4K

    -4% shares

    Your stake and evidence for UNITED CMNTY BANCORP IND

    What it means for you

    This filing line has no matched ticker, so your stake is unavailable.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q3 2014 and Q4 2014.

    Displayed change: −$218.4K. The current book reports 448,320 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    448,320 current shares − 467,099 prior shares on the same basis = -18,779 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -218401.3784796574 USD. Current reported shares: 448320. Prior shares on current basis: 467099.

  • WAYNE SVGS BANCSHARES INC NE

    −$201K

    -5.7% shares

    Your stake and evidence for WAYNE SVGS BANCSHARES INC NE

    What it means for you

    This filing line has no matched ticker, so your stake is unavailable.

    Use this to decide what to research, rather than as an instruction to copy a trade.

    What happened

    Reported shares decreased between Q3 2014 and Q4 2014.

    Displayed change: −$201K. The current book reports 246,220 shares.

    Why it can matter

    A change between quarter-end disclosures can prompt a question about the manager's exposure. It does not reveal the trade date, the execution price or why the position changed; a full exit is not proof of a bearish decision.

    How we got this

    For an added or trimmed position, subtract split-adjusted prior shares from current shares, then multiply by the current book's reported value per share; this is not the execution price.

    246,220 current shares − 261,220 prior shares on the same basis = -15,000 shares.

    Comparable books exclude identified CUSIP, share-basis and new-security events from trades. Exit-size bands describe prior book weight, not the manager's intent.

    Where the data comes from

    SEC 13F quarter-end holdings for Q3 2014 and Q4 2014; these delayed disclosures omit shorts and many other assets.

    Current source filed .

    Read source filing

    Source filing on SEC.gov

    Technical details

    Reported dollar change: -200978.79944764846 USD. Current reported shares: 246220. Prior shares on current basis: 261220.

What was sold out, by size

  • 1 real positions, 0.25% of the book or more
  • 2 small, between 0.015% and 0.25%

Not counted as trades: ANCHOR BANCORP WIS INC DEL (newly listed or spun off), ANCHOR BANCORP WA (new CUSIP), ENTEGRA FINL CORP (newly listed or spun off), BLUE HILLS BANCORP INC (newly listed or spun off), MELROSE BANCORP INC (newly listed or spun off).

All of this comes from the filer's public SEC filings. A 13-F shows long positions in US-listed securities at quarter end and can leave out short positions, cash and non-US holdings, so it is not the whole portfolio. This is filing data, not investment advice.