Kingsway Financial Services Inc.
US ˙ NYSE ˙ US4969042021
TEN SYMBOL NIE JEST JUŻ AKTYWNY

SecurityKFS / Kingsway Financial Services Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership39,987 shares
Latest Disclosed Value $ 417,065
Morgan Stanley reports 23.02% decrease in ownership of KFS / Kingsway Financial Services Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 39,987 shares of Kingsway Financial Services Inc. (US:KFS) valued at $417,064 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 51,942 shares of Kingsway Financial Services Inc.. This represents a change in shares of -23.02% during the quarter. The current value of the position is $429,061 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)
2026-05-15 2026-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 39,987 -11,955 -23.02 417 -40.26 0.0000
2026-05-27 2025-12-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 51,942 16,044 44.69 699 33.21 0.0000
2026-02-13 2025-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 51,942 16,044 699 0.0000
2026-05-27 2025-09-30 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 35,898 -10,060 -21.89 525 -15.76 0.0000
2025-11-14 2025-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 35,898 -10,060 525 0.0000
2025-08-15 2025-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 45,958 8,778 23.61 622 111.56 0.0000
2025-05-15 2025-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 37,180 6,166 19.88 294 13.51 0.0000
2025-05-15 2024-12-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 31,014 -6,111 -16.46 260 -15.64 0.0000
2025-02-14 2024-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 31,014 -6,111 260 0.0000
2025-05-14 2024-09-30 13F/A-2 KINGSWAY FINL SVCS COM NEW 496904202 37,125 21,082 131.41 307 132.58 0.0000
2025-02-14 2024-09-30 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 37,125 21,082 307 0.0000
2024-11-14 2024-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 37,125 21,082 307 0.0000
2025-05-14 2024-06-30 13F/A-2 KINGSWAY FINL SVCS COM NEW 496904202 16,043 -12,148 -43.09 132 -43.83 0.0000
2024-10-17 2024-06-30 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 16,043 -12,148 132 0.0000
2024-08-14 2024-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 16,043 -12,148 132 0.0000
2024-10-17 2024-03-31 13F/A-2 KINGSWAY FINL SVCS COM NEW 496904202 28,191 -4,103 -12.71 235 -13.28 0.0000
2024-08-16 2024-03-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 28,191 -4,103 235 0.0000
2024-05-15 2024-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 28,191 -4,103 235 0.0000
2024-08-16 2023-12-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 32,294 10,890 50.88 271 68.32 0.0000
2024-02-13 2023-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 32,294 10,890 271 0.0000
2023-11-15 2023-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 21,404 5,688 36.19 162 25.78 0.0000
2023-08-14 2023-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 15,716 -5,527 -26.02 128 -31.55 0.0000
2023-05-15 2023-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 21,243 13,099 160.84 187 192.19 0.0000
2023-02-14 2022-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 8,144 7,137 708.74 65 814.29 0.0000
2022-11-14 2022-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 1,007 0 0.00 7 16.67 0.0000
2022-10-27 2022-06-30 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 1,007 -14 -1.37 6 0.00 0.0000
2022-08-15 2022-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 1,007 -14 6 0.0000
2022-10-27 2022-03-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 1,021 13 1.29 6 0.00 0.0000
2022-05-13 2022-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 1,021 13 6 0.0000
2022-02-14 2021-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 1,008 1 0.10 6 20.00 0.0000
2021-11-15 2021-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 1,007 0 0.00 5 0.00 0.0000
2021-08-23 2021-06-30 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 1,007 1,007 5 0.0000
2021-08-16 2021-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 1,007 1,007 5 0.0000
2021-02-16 2020-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 0 -400 -100.00 0 -100.00
2020-11-13 2020-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 400 400 1 0.0000
2019-02-14 2018-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 0 -100 -100.00 0 -100.00 0.0000
2019-04-23 2018-09-30 13F/A-2 KINGSWAY FINL SVCS COM NEW 496904202 100 100 0 0.0000
2018-11-20 2018-09-30 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 100 0 0 0.0000
2018-11-14 2018-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 100 100 0
2019-04-23 2018-03-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 0 -400 -100.00 0 -100.00
2019-04-23 2017-12-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 400 -200 -33.33 2 -50.00 0.0000
2018-02-14 2017-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 400 -200 2
2017-11-14 2017-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 600 -400 -40.00 4 -33.33 0.0000
2017-08-11 2017-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 1,000 0 0.00 6 0.00 0.0000
2017-05-22 2017-03-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 1,000 600 150.00 6 100.00 0.0000
2017-05-12 2017-03-31 13F KINGSWAY FINL SVCS COM NEW 496904202 1,000 6
2017-02-22 2016-12-31 13F/A-1 KINGSWAY FINL SVCS COM NEW 496904202 400 100 33.33 3 50.00 0.0000
2017-02-13 2016-12-31 13F KINGSWAY FINL SVCS COM NEW 496904202 400 3
2016-11-10 2016-09-30 13F KINGSWAY FINL SVCS COM NEW 496904202 300 200 200.00 2 100.00 0.0000
2016-08-12 2016-06-30 13F KINGSWAY FINL SVCS COM NEW 496904202 100 100 1 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.