LAKE SHORE BANCORP INC

Ticker: LSBK CUSIP: 510704109 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (3)

Farther Finance Advisors, LLC
Value ($000) $20 Shares 1,354
CITIGROUP INC
Value ($000) $3 Shares 172
ACADIAN ASSET MANAGEMENT LLC
Value ($000) $0 Shares 14,805

Increased Positions (10)

Stilwell Value LLC
Value ($000) $11,342 (+18.1%) Shares 773,675 (+4.7%)
GRAHAM CAPITAL WEALTH MANAGEMENT, LLC
Value ($000) $1,135 (+14.8%) Shares 77,407 (+1.8%)
MANGROVE PARTNERS IM, LLC
Value ($000) $2,208 (+15.0%) Shares 150,585 (+2.0%)
ALLIANCEBERNSTEIN L.P.
Value ($000) $5,958 (+39.2%) Shares 406,423 (+23.4%)
CITADEL ADVISORS LLC
Value ($000) $446 (+140.3%) Shares 30,398 (+113.1%)
RENAISSANCE TECHNOLOGIES LLC
Value ($000) $1,027 (+38.2%) Shares 70,041 (+22.6%)
BRIDGEWAY CAPITAL MANAGEMENT, LLC
Value ($000) $184 (+26.9%) Shares 12,568 (+12.5%)
BlackRock, Inc.
Value ($000) $151 (+20.5%) Shares 10,279 (+6.9%)
OSAIC HOLDINGS, INC.
Value ($000) $11 (+49.6%) Shares 742 (+37.2%)
UBS Group AG
Value ($000) $2 (+108.7%) Shares 148 (+85.0%)

Decreased Positions (3)

HBK Sorce Advisory LLC
Value ($000) $1,353 (+0.7%) Shares 88,021 (-16.4%)
GEODE CAPITAL MANAGEMENT, LLC
Value ($000) $390 (+6.0%) Shares 26,608 (-6.0%)
WHITTIER TRUST CO
Value ($000) $22 (+9.0%) Shares 1,458 (-4.5%)

Exited Positions (6)

M3F, Inc.
Value ($000) $1 Shares 74,801
Fourthstone LLC
Value ($000) $546 Shares 42,000
MARSHALL WACE, LLP
Value ($000) $272 Shares 20,910
SUSQUEHANNA INTERNATIONAL GROUP, LLP
Value ($000) $246 Shares 18,960
Tower Research Capital LLC (TRC)
Value ($000) $3 Shares 229
SBI Securities Co., Ltd.
Value ($000) $0 Shares 1