Lake Shore Bancorp, Inc. (LSBK)

Accumulating

Institutional accumulation: ownership increased +0.71% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

28.49%

QoQ Change

+0.71%

Total Value

$33.4B

Shares Outstanding

7.8M

Crowding AnalysisCrowded

Holders30of 5,944

Avg: 68

Uncrowded78th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.09x

48th percentile

12 buying11 selling

New

-4

Closed

+59K

Net shares

Holding Period Distribution

estimate

Median: 3 QAvg: 2.6 QHolders: 30

Ownership Concentration

Top 5: 73.5%Top 10: 87.5%

Stilwell Value34.6%

ALLIANCEBERNSTEIN L.P.20.1%

Oppenheimer & Close,8.1%

MANGROVE PARTNERS IM,6.7%

HBK Sorce Advisory3.9%

Others (25)26.5%

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Conviction-Weighted Ownership

Median weight: 0.11%Avg weight: 1.08%Max: 7.04%High conviction (>1%): 3

Stilwell Value

ALLIANCEBERNSTEIN L.P.

Oppenheimer & Close,

MANGROVE PARTNERS IM,

HBK Sorce Advisory

GRAHAM CAPITAL WEALTH MANAGEMENT,

RENAISSANCE TECHNOLOGIES

Peapod Lane Capital

RAYMOND JAMES FINANCIAL

DIMENSIONAL FUND ADVISORS

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Whale Moves Timeline (3 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWRAYMOND JAMES FINANCIAL$802K53K shr

BOUGHTALLIANCEBERNSTEIN L.P.$624K43K shr

SOLDGRAHAM CAPITAL WEALTH MANAGEMENT$34K2K shr

SOLDRENAISSANCE TECHNOLOGIES$15K1K shr

BOUGHTDIMENSIONAL FUND ADVISORS$10K650 shr

BOUGHTALLIANCEBERNSTEIN L.P.$1M77K shr

NEWMinerva Advisors$649K44K shr

BOUGHTStilwell Value$513K35K shr

SOLDHBK Sorce Advisory$265K17K shr

BOUGHTRENAISSANCE TECHNOLOGIES$189K13K shr

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Institutional Trends (4 Quarters)

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Institutional Holders

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