Security Snapshot

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

CUSIP: 496904202

13F Institutional Holders and Ownership History from Q1 2014 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

73

Shares (Excl. Options)

12,236,825

Price

$13.45

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Type / Class
Equity / Common Stock, par value $0.01 per share
Symbol
KFS on NYSE
Shares outstanding
28,912,758
Price per share
$10.44
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
12,236,825
Total reported value
$164,587,723
% of total 13F portfolios
0%
Share change
-1,492,058
Value change
-$20,178,492
Number of holders
73
Price from insider filings
$10.44
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • KFS - KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share is tracked under CUSIP 496904202.
  • 73 institutions reported positions in Q4 2025.
  • 7 significant owners is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 73 to 3 between Q4 2025 and Q1 2026.
  • Reported value moved from $164,587,723 to $4,790.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 73 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 496904202?
CUSIP 496904202 identifies KFS - KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

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% -32% $46,584,658 -$22,146,197 3,703,073 -32% Stilwell Activist Fund, L.P. 17 Dec 2025
David Capital Partners, LLC 9% -2.2% $32,901,997 +$860,736 2,615,421 +2.7% David Capital Partners, LLC 17 Dec 2025
Hannon Gregory Paul 8.2% -21% $30,017,377 -$6,290,000 2,386,119 -17% Gregory P. Hannon 17 Dec 2025
Greenhaven Road Investment Management, L.P. 6.8% $28,809,039 1,970,536 Greenhaven Road Investment Management, L.P. 30 Oct 2025
Capricorn Fund Managers Ltd 6.6% $25,666,237 1,908,242 Capricorn Fund Managers Ltd 30 Jan 2026
Frischer Charles L 6.8% $14,850,692 1,863,324 Charles Frischer 11 Apr 2025
Palm Management (US) LLC 1.5% 0% $5,495,477 +$463,472 436,842 +9.2% Joshua S. Horowitz 17 Dec 2025

As of 31 Dec 2025, 73 institutional investors reported holding 12,236,825 shares of KINGSWAY FINANCIAL SERVICES INC - Common Stock, par value $0.01 per share (KFS). This represents 42% of the company’s total 28,912,758 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 41% 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 12% 3,363,450 -37% 25% $45,238,403
MIRABELLA FINANCIAL SERVICES LLP 6.9% 1,983,825 -9.4% 2.6% $26,682,446
Greenhaven Road Investment Management, L.P. 6.5% 1,884,529 +44% 11% $25,346,915
BlackRock, Inc. 4.1% 1,173,864 +2.9% 0% $15,788,471
VANGUARD GROUP INC 3.4% 994,759 +4.8% 0% $13,379,509
GEODE CAPITAL MANAGEMENT, LLC 1.6% 470,407 +2.2% 0% $6,329,329
Belpointe Asset Management LLC 1.2% 356,411 -4.3% 0.17% $4,793,728
STATE STREET CORP 0.99% 286,318 +4.4% 0% $3,850,977
BARD ASSOCIATES INC 0.97% 279,074 -0.5% 0.96% $3,753,546
RENAISSANCE TECHNOLOGIES LLC 0.9% 261,380 -3.7% 0.01% $3,515,561
Annandale Capital, LLC 0.44% 128,200 0% 0.28% $1,724,000
NORTHERN TRUST CORP 0.4% 116,212 -33% 0% $1,563,051
STIFEL FINANCIAL CORP 0.27% 78,250 +175% 0% $1,052,465
CITADEL ADVISORS LLC 0.22% 64,898 +176% 0% $872,878
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.2% 57,995 -1.3% 0% $780,033
MORGAN STANLEY 0.18% 51,942 +45% 0% $698,619
Steward Partners Investment Advisory, LLC 0.17% 48,449 +2046% 0% $651,639
GOLDMAN SACHS GROUP INC 0.17% 48,289 -63% 0% $649,487
Squarepoint Ops LLC 0.16% 45,158 0% $607,375
Bank of New York Mellon Corp 0.15% 44,082 +0.78% 0% $592,903
BANK OF AMERICA CORP /DE/ 0.15% 43,682 +35% 0% $587,523
Informed Momentum Co LLC 0.15% 43,088 -32% 0.06% $579,534
BARCLAYS PLC 0.11% 32,931 +9% 0% $442,923
JANE STREET GROUP, LLC 0.11% 31,192 +102% 0% $419,533
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.11% 31,100 0% 0.01% $418,295

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
2026 Q1 459 $4,790 $10.44 3
2025 Q4 12,236,825 $164,587,723 -$20,178,492 $13.45 73
2025 Q3 13,599,894 $198,831,510 +$7,857,188 $14.62 68
2025 Q2 13,190,921 $182,063,669 +$14,873,066 $13.54 65
2025 Q1 12,168,256 $96,374,017 -$4,784,653 $7.92 63
2024 Q4 12,770,873 $106,860,339 +$9,927,105 $8.37 58
2024 Q3 11,590,262 $95,965,448 +$1,560,348 $8.28 54
2024 Q2 11,376,298 $93,740,392 -$6,228,718 $8.24 48
2024 Q1 12,110,392 $100,999,810 +$2,162,544 $8.34 47
2023 Q4 11,844,723 $99,496,818 -$1,576,774 $8.40 46
2023 Q3 11,655,798 $88,000,062 +$7,767,595 $7.55 47
2023 Q2 10,603,129 $86,412,820 +$5,722,027 $8.15 43
2023 Q1 9,874,403 $86,992,563 +$4,956,514 $8.81 37
2022 Q4 9,346,406 $74,115,694 +$3,281,926 $7.93 23
2022 Q3 8,935,992 $62,013,014 +$221,926 $6.94 21
2022 Q2 8,904,093 $50,753,046 +$1,469,482 $5.70 18
2022 Q1 8,647,313 $47,558,729 +$1,534,374 $5.50 19
2021 Q4 8,368,378 $45,857,245 +$1,995,391 $5.48 16
2021 Q3 8,004,592 $42,897,041 +$1,158,380 $5.36 18
2021 Q2 7,788,251 $38,944,435 +$2,184,435 $5.01 15
2021 Q1 7,364,904 $34,245,845 +$1,007,541 $4.65 18
2020 Q4 7,148,187 $33,596,571 +$590,195 $4.70 15
2020 Q3 7,028,613 $20,733,520 +$2,310,790 $2.95 15
2020 Q2 6,249,145 $13,982,702 +$40,314 $2.24 13
2020 Q1 6,235,284 $12,345,047 -$133,980 $1.98 15
2019 Q4 6,303,569 $11,719,067 -$251,863 $1.86 17
2019 Q3 6,430,820 $14,210,020 -$11,347 $2.21 17
2019 Q2 6,435,716 $15,764,674 -$307,960 $2.45 18
2019 Q1 6,545,376 $20,289,567 +$2,233,808 $3.10 19
2018 Q4 5,824,514 $16,715,029 +$1,838,304 $2.87 13
2018 Q3 5,174,203 $14,489,068 +$785,710 $2.80 18
2018 Q2 4,898,682 $13,469,599 -$820,047 $2.75 17
2018 Q1 5,193,260 $20,774,000 -$3,183,968 $4.00 14
2017 Q4 5,851,246 $29,547,908 -$1,077,780 $5.05 19
2017 Q3 6,065,142 $36,997,806 +$1,039,954 $6.10 17
2017 Q2 5,824,234 $35,236,608 +$1,965,714 $6.05 16
2017 Q1 5,525,644 $32,047,377 +$2,356,007 $5.80 14
2016 Q4 4,537,466 $28,360,000 +$1,525,366 $6.25 15
2016 Q3 4,297,506 $24,643,049 +$151,097 $5.74 13
2016 Q2 4,271,012 $22,933,000 -$244,592 $5.37 12
2016 Q1 4,318,366 $20,512,000 -$21,148 $4.75 11
2015 Q4 4,322,877 $19,755,000 -$1,292,817 $4.57 10
2015 Q3 4,499,631 $20,533,000 +$33,510 $4.60 8
2015 Q2 4,489,646 $27,087,000 -$625,624 $5.97 11
2015 Q1 4,397,104 $25,266,000 -$1,065,119 $5.75 11
2014 Q4 4,584,600 $25,482,000 -$857,505 $5.56 11
2014 Q3 4,738,965 $29,765,000 +$8,034,001 $6.28 12
2014 Q2 3,459,746 $21,674,000 +$440,414 $6.25 13
2014 Q1 3,389,715 $13,749,000 -$677,451 $4.03 9