Latest Period
Q4 2025
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
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
- $11.87
- 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
- $11.87
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 26 between Q4 2025 and Q1 2026.
- Reported value moved from $164,587,723 to $72,974,707.
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
Open SEC Evidence
Latest holder context comes from 73 institutions filings for Q4 2025.
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.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 496904202:
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 | 6,996,616 | $72,974,707 | +$18,796,016 | $10.43 | 26 |
| 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 |