Who owns IF Bancorp (IROQ)
Which tracked institutional funds hold IROQ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IROQ company fundamentals →
Ownership as of the 2025-Q4 13F filings (latest filed 2026-02-17). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
4 tracked funds added or opened IROQ while 2 trimmed or exited it between 2025-Q3 and 2025-Q4 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
IROQ’s largest tracked holder by dollar value, GENDELL JEFFREY L, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in IROQ divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q3 and 2025-Q4, across 18 tracked filers holding IROQ, 8 increased or opened the position and 9 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in IROQ between the 2025-Q3 and 2025-Q4 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 2
- Chicago Capital Management, LLC$1M
- Yakira Capital Management, Inc.$965K
Full exits 1
- MALTESE CAPITAL MANAGEMENT LLC$3M
Largest adds
- GENDELL JEFFREY L$354K
- ALLIANCEBERNSTEIN L.P.$258K
Largest trims
- STILWELL VALUE LLC$276K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| GENDELL JEFFREY L | 326,179 | $9M | 29.4% | 2025-Q4 |
| STILWELL VALUE LLC trimmed | 275,180 | $7M | 24.8% | 2025-Q4 |
| ALLIANCEBERNSTEIN L.P. added | 121,456 | $3M | 10.9% | 2025-Q4 |
| VANGUARD GROUP INC trimmed | 71,845 | $2M | 6.5% | 2025-Q4 |
| Oppenheimer & Close, LLC | 44,350 | $1M | 4.0% | 2025-Q4 |
| Chicago Capital Management, LLC new | 38,066 | $1M | 3.4% | 2025-Q4 |
| Yakira Capital Management, Inc. new | 35,790 | $965K | 3.2% | 2025-Q4 |
| GEODE CAPITAL MANAGEMENT, LLC added | 21,707 | $585K | 2.0% | 2025-Q4 |
| BlackRock, Inc. trimmed | 18,494 | $499K | 1.7% | 2025-Q4 |
| LPL Financial LLC | 17,340 | $467K | 1.6% | 2025-Q4 |
| DIMENSIONAL FUND ADVISORS LP added | 16,161 | $436K | 1.5% | 2025-Q4 |
| JBF Capital, Inc. new | 12,000 | $324K | 1.1% | 2025-Q4 |
| NORTHERN TRUST CORP trimmed | 11,482 | $310K | 1.0% | 2025-Q4 |
| BANK OF AMERICA CORP /DE/ | 2,002 | $54K | 0.2% | 2025-Q4 |
| Kestra Advisory Services, LLC new | 2,000 | $54K | 0.2% | 2025-Q4 |
| MORGAN STANLEY trimmed | 1,774 | $48K | 0.2% | 2025-Q4 |
| WELLS FARGO & COMPANY/MN | 353 | $10K | 0.0% | 2025-Q4 |
| UBS Group AG added | 12 | $324 | 0.0% | 2025-Q4 |
| MALTESE CAPITAL MANAGEMENT LLC trimmed | 97,500 | $3M | 8.4% | 2025-Q3 stale (1 quarter behind) |
| State of Wyoming new | 386 | $10K | 0.0% | 2025-Q2 stale (2 quarters behind) |
| EverSource Wealth Advisors, LLC | 75 | $2K | 0.0% | 2025-Q3 stale (1 quarter behind) |
| WHITTIER TRUST CO new | 17 | $438 | 0.0% | 2025-Q3 stale (1 quarter behind) |
| BARCLAYS PLC new | 1 | $26 | 0.0% | 2025-Q3 stale (1 quarter behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (2 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.