SEC 13F Intelligence

Managers / Q1 2026

M3F, Inc.

CIK 0001511291 · 2070 E 2100 S, SUITE 250, SALT LAKE CITY, UT, 84109 · 202-246-9200

Reported Value
$404M
Q1 2026
Positions
28
Filings on Record
30
2019–present window
Filed
Apr 28, 2026
original filing

Summary

M3f, Inc. reported $404M in U.S.-listed holdings across 28 positions for Q1 2026.

The portfolio is heavily concentrated: WLFC alone accounts for 28.6% of reported value.

Compared with Q4 2025, the fund opened 5 new positions and exited 2.

Portfolio Metrics

Turnover
+10.2%
vs prior filed quarter
Top-10 Concentration
+80.9%
share of reported value
Largest Position
+28.6%
Willis Lease Finance
New / Exited
5 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $108MQ4 ’18Q1 ’19: $113MQ2 ’19: $117MQ3 ’19: $137MQ4 ’19: $128MQ4 ’19Q1 ’20: $140MQ2 ’20: $135MQ3 ’20: $158MQ4 ’20: $211MQ4 ’20Q1 ’21: $247MQ2 ’21: $282MQ3 ’21: $305MQ4 ’21: $298MQ4 ’21Q1 ’22: $301MQ2 ’22: $308MQ3 ’22: $285MQ4 ’22: $327MQ4 ’22Q1 ’23: $304MQ2 ’23: $318MQ3 ’23: $299MQ4 ’23: $315MQ4 ’23Q1 ’24: $283MQ2 ’24: $270MQ3 ’24: $325MQ4 ’24: $346MQ4 ’24Q1 ’25: $364MQ2 ’25: $354MQ3 ’25: $353MQ4 ’25: $364MQ4 ’25Q1 ’26: $404Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 100.0%
  • Common Stock · 100.0% · $404M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BHFBRIGHTHOUSE FINANCIAL INCNEW+280.0K280.0K+$17M$17M
NFBKNORTHFIELD BANCORP INC DEL COMNEW+776.6K776.6K+$11M$11M
GDOTGreen Dot CorpNEW+748.8K748.8K+$8M$8M
VABKVIRGINIA NATIONAL BANKSHARESNEW+5.8K5.8K+$220,000$220,000
AUBNAUBURN NATL BANCORP COMNEW+9.2K9.2K+$218,000$218,000
BankFinancial CorpSOLD OUT−491.7K0−$6M$0
AVBCAVIDIA BANCORP INCSOLD OUT−222.4K0−$4M$0
ALAir Lease CorpTRIMMED−409.4K39.1K−$26M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON28.58%$115M677.2K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON8.30%$33M2.00M
3AERAERCAP HOLDINGS NV SHShistory →COMMON8.09%$33M238.0K
4PBFSPIONEER BANCORP INC/NYhistory →COMMON7.15%$29M2.07M
5ASLEAERSALE CORPhistory →COMMON6.14%$25M3.98M
6NODKNI HOLDINGS INChistory →COMMON5.28%$21M1.65M
7SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.17%$21M2.20M
8SWKHSWK HLDGS CORP COMhistory →COMMON4.20%$17M995.3K
9BHFBRIGHTHOUSE FINANCIAL INChistory →COMMON4.16%$17M280.0K
10RBKBRHINEBECK BANCORP INChistory →COMMON3.86%$16M1.01M
11NFBKNORTHFIELD BANCORP INC DEL COMhistory →COMMON2.61%$11M776.6K
12ALRSALERUS FINANCIAL CORPhistory →COMMON2.45%$10M417.1K
13PKBKPARKE BANCORP INChistory →COMMON2.34%$9M332.9K
14GDOTGreen Dot Corphistory →COMMON2.08%$8M748.8K
15CBFVCB FINL SVCS INC COMhistory →COMMON1.45%$6M171.4K
16WASHWashington Trust Bancorp Inchistory →COMMON1.38%$6M166.5K
17MGYRMAGYAR BANCORP INC COMhistory →COMMON1.22%$5M283.9K
18SSBISUMMIT STATE BANKhistory →COMMON1.17%$5M354.2K
19PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON1.14%$5M284.6K
20BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.04%$4M493.7K
21BYFCBROADWAY FINANCIAL CORP/DECOMMON0.85%$3M474.7K
22ALAir Lease CorpCOMMON0.63%$3M39.1K
23FBIZFIRST BUS FINL SVCS INC WIS COMCOMMON0.40%$2M29.7K
24WSBKWINCHESTER BANCORP INCCOMMON0.08%$312,00024.6K
25NSTSNSTS BANCORP INCCOMMON0.08%$311,00026.7K
26SHFSSHF HOLDINGS INCCOMMON0.06%$256,000308.0K
27VABKVIRGINIA NATIONAL BANKSHARESCOMMON0.05%$220,0005.8K
28AUBNAUBURN NATL BANCORP COMCOMMON0.05%$218,0009.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$404M28Apr 28, 202613F-HRchanges · EDGAR ↗
Q4 2025$364M25Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$353M28Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$354M30Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$364M31May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$346M29Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$325M29Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$270M34Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$283M37May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$315M37Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$299M42Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$318M42Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$304M39May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$327M39Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$285M42Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$308M43Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$301M45May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$298M44Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$305M52Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$282M54Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$247M44May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$211M43Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$158M50Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$135M43Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$140M46May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$128M34Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$137M35Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$117M32Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$113M33May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$108M38Jan 30, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.