Kingsway Financial Services Inc.
US ˙ NYSE ˙ US4969042021
QUESTO SIMBOLO NON E' PIU' ATTIVO

SecurityKFS / Kingsway Financial Services Inc.
InstitutionVanguard Group Inc
Latest Disclosed Ownership994,759 shares
Latest Disclosed Value $ 13,379,509
Vanguard Group Inc reports 4.84% increase in ownership of KFS / Kingsway Financial Services Inc.

On January 29, 2026 - Vanguard Group Inc filed a 13F-HR form disclosing ownership of 994,759 shares of Kingsway Financial Services Inc. (US:KFS) valued at $13,379,509 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 7, 2025 disclosing 948,838 shares of Kingsway Financial Services Inc.. This represents a change in shares of 4.84% during the quarter. The current value of the position is $10,673,764 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-01-29 2025-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 994,759 45,921 4.84 13,380 -3.55 0.0002
2025-11-07 2025-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 948,838 105,080 12.45 13,872 21.43 0.0002
2025-08-11 2025-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 843,758 56,600 7.19 11,424 83.25 0.0002
2025-05-09 2025-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 787,158 -5,173 -0.65 6,234 -5.99 0.0001
2025-02-11 2024-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 792,331 52,440 7.09 6,632 8.24 0.0001
2024-11-13 2024-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 739,891 49,908 7.23 6,126 7.76 0.0001
2024-08-13 2024-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 689,983 202,630 41.58 5,685 39.89 0.0001
2024-05-10 2024-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 487,353 14,981 3.17 4,065 2.45 0.0001
2024-03-11 2023-12-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 472,372 -470,166 -49.88 3,968 -44.25 0.0001
2024-02-14 2023-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 472,372 -470,166 3,968 0.0001
2023-12-18 2023-09-30 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 942,538 283,010 42.91 7,116 32.39 0.0002
2023-11-14 2023-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 942,538 283,010 7,116 0.0000
2023-08-14 2023-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 659,528 -287,404 -30.35 5,375 -35.57 0.0001
2023-07-14 2023-03-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 946,932 110,931 13.27 8,342 25.84 0.0002
2023-05-15 2023-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 946,932 110,931 8,342 0.0000
2023-02-10 2022-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 836,001 288,182 52.61 6,629 74.36 0.0002
2022-11-14 2022-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 547,819 100 0.02 3,802 21.78 0.0001
2022-08-12 2022-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 547,719 0 0.00 3,122 3.65 0.0001
2022-05-13 2022-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 547,719 79,836 17.06 3,012 17.47 0.0001
2022-02-14 2021-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 467,883 109,511 30.56 2,564 33.47 0.0001
2021-11-12 2021-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 358,372 20,000 5.91 1,921 13.53 0.0000
2021-08-13 2021-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 338,372 262,884 348.25 1,692 382.05 0.0000
2021-05-14 2021-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 75,488 16,409 27.77 351 26.26 0.0000
2021-02-12 2020-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 59,079 20,002 51.19 278 141.74 0.0000
2020-11-16 2020-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 39,077 0 0.00 115 32.18 0.0000
2020-08-14 2020-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 39,077 0 0.00 87 12.99 0.0000
2020-05-15 2020-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 39,077 0 0.00 77 5.48 0.0000
2020-02-14 2019-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 39,077 0 0.00 73 -15.12 0.0000
2019-11-14 2019-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 39,077 22,537 136.26 86 109.76 0.0000
2019-08-14 2019-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 16,540 0 0.00 41 -19.61 0.0000
2019-05-15 2019-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 16,540 16,540 51 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.