SEC 13F Intelligence

Managers / Q4 2019 · view latest →

M3F, Inc.

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

Reported Value
$128M
Q4 2019
Positions
34
Filings on Record
29
2019–present window
Filed
Feb 13, 2020
original filing

Summary

M3f, Inc. reported $128M in U.S.-listed holdings across 34 positions for Q4 2019.

Its largest position, ALRS, represents 6.6% of the portfolio.

Compared with Q3 2019, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+11.6%
vs prior filed quarter
Top-10 Concentration
+51.0%
share of reported value
Largest Position
+6.6%
Alerus Financial
New / Exited
2 / 3
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
Q1 ’19: $113MQ1 ’19Q2 ’19: $117MQ3 ’19: $137MQ4 ’19: $128MQ1 ’20: $140MQ1 ’20Q2 ’20: $135MQ3 ’20: $158MQ4 ’20: $211MQ1 ’21: $247MQ1 ’21Q2 ’21: $282MQ3 ’21: $305MQ4 ’21: $298MQ1 ’22: $301MQ1 ’22Q2 ’22: $308MQ3 ’22: $285MQ4 ’22: $327MQ1 ’23: $304MQ1 ’23Q2 ’23: $318MQ3 ’23: $299MQ4 ’23: $315MQ1 ’24: $283MQ1 ’24Q2 ’24: $270MQ3 ’24: $325MQ4 ’24: $346MQ1 ’25: $364MQ1 ’25Q2 ’25: $354MQ3 ’25: $353MQ4 ’25: $364MQ1 ’26: $404MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 82.6%Other: 17.4%
  • Common Stock · 82.6% · $106M
  • Other · 17.4% · $22M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PROVIDENT BANCORP INCNEW+468.4K468.4K+$6M$6M
PBHCPathfinder Bancorp IncNEW+46.6K46.6K+$647,000$647,000
ZIONZIONS BANCORPORATION COMSOLD OUT−165.0K0−$7M$0
PB BANCORP INCSOLD OUT−349.7K0−$4M$0
VLYValley National BancorpSOLD OUT−230.4K0−$3M$0
PBFSPIONEER BANCORP INC/NYADDED+119.0K247.8K+$2M$4M
HARBORONE BANCORP INCTRIMMED−546.4K251.8K−$5M$3M
1895 BANCORP OF WISCONSIN INADDED+22.2K71.2K+$295,000$767,000

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

Holdings — Q4 2019

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ALRSALERUS FINANCIAL CORPhistory →COMMON6.59%$8M369.4K
2PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON5.97%$8M349.1K
3HTHHilltop Holdings Inchistory →COMMON5.66%$7M291.1K
4STNDSTANDARD AVB FINL CORP COMhistory →COMMON5.49%$7M234.8K
5FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON4.99%$6M242.6K
6SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON4.90%$6M1.07M
7CMAComerica Inchistory →COMMON4.56%$6M81.5K
8PROVIDENT BANCORP INCCOMMON4.55%$6M468.4K
9CFGCITIZENS FINL GROUP INC COMhistory →COMMON4.25%$5M134.0K
10WLFCWillis Lease Finance Corphistory →COMMON4.06%$5M88.4K
11ASRVAMERISERV FINL INC COMhistory →COMMON3.93%$5M1.20M
12WFCWELLS FARGO & CO NEW COMhistory →COMMON3.90%$5M93.0K
13PDL COMMUNITY BANCORPCOMMON3.69%$5M322.0K
14NODKNI HOLDINGS INChistory →COMMON3.18%$4M237.2K
15MAGYAR BANCORP INC COMCOMMON3.13%$4M326.4K
16PBFSPIONEER BANCORP INC/NYhistory →COMMON2.96%$4M247.8K
17FUNCFIRST UTD CORP COMhistory →COMMON2.88%$4M153.4K
18ICC HOLDINGS INCCOMMON2.83%$4M257.6K
19SFBCSOUND FINL BANCORP INC COMhistory →COMMON2.76%$4M98.3K
20HMN Financial IncCOMMON2.28%$3M138.9K
21HARBORONE BANCORP INCCOMMON2.16%$3M251.8K
22SPFISOUTH PLAINS FINANCIAL INChistory →COMMON1.98%$3M121.5K
23FRAFFRANKLIN FINANCIAL SERVICEShistory →COMMON1.95%$3M64.7K
24RANDOLPH BANCORP INCCOMMON1.78%$2M129.2K
25MYFWFIRST WESTERN FINANCIAL INChistory →COMMON1.53%$2M118.8K
26FCCOFIRST COMMUNITY CORPhistory →COMMON1.51%$2M89.7K
27Community West BancsharesCOMMON1.13%$1M129.9K
28First Financial Northwest IncCOMMON1.09%$1M93.5K
29CBFVCB FINL SVCS INC COMhistory →COMMON1.08%$1M46.0K
30OFEDOCONEE FED FINL CORP COMhistory →COMMON1.01%$1M49.5K
31BankFinancial CorpCOMMON0.91%$1M89.1K
321895 BANCORP OF WISCONSIN INCOMMON0.60%$767,00071.2K
33PBHCPathfinder Bancorp IncCOMMON0.50%$647,00046.6K
34FRBKQREPUBLIC FIRST BANCORP INC COMCOMMON0.20%$259,00062.0K

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 ↗

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 ↗.