SEC 13F Intelligence

Managers / Q3 2020 · view latest →

M3F, Inc.

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

Reported Value
$158M
Q3 2020
Positions
50
Filings on Record
29
2019–present window
Filed
Nov 12, 2020
original filing

Summary

M3f, Inc. reported $158M in U.S.-listed holdings across 50 positions for Q3 2020.

Its largest position, Provident Bancorp, represents 6.7% of the portfolio.

Compared with Q2 2020, the fund opened 11 new positions and exited 4.

Portfolio Metrics

Turnover
+10.3%
vs prior filed quarter
Top-10 Concentration
+49.1%
share of reported value
Largest Position
+6.7%
Provident Bancorp
New / Exited
11 / 4
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: 77.9%Other: 22.1%
  • Common Stock · 77.9% · $123M
  • Other · 22.1% · $35M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WFCWELLS FARGO & CO NEW COMNEW+335.0K335.0K+$8M$8M
COMMUNITY BANKERS TR CORP COMNEW+492.2K492.2K+$3M$3M
Lakeland Bancorp IncNEW+240.4K240.4K+$2M$2M
ALTABANCORPNEW+102.4K102.4K+$2M$2M
TowneBank/Portsmouth VANEW+77.1K77.1K+$1M$1M
FCNCAFIRST CTZNS BANCSHARES INC N C CL ANEW+3.0K3.0K+$954,000$954,000
BPFHBoston Private Financial Holdings IncNEW+146.1K146.1K+$806,000$806,000
Enterprise Bancorp Inc/MANEW+12.6K12.6K+$264,000$264,000

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

Holdings — Q3 2020

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PROVIDENT BANCORP INCCOMMON6.72%$11M1.36M
2CFGCITIZENS FINL GROUP INC COMhistory →COMMON6.10%$10M380.8K
3HTHHilltop Holdings Inchistory →COMMON5.95%$9M456.5K
4SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.71%$9M1.41M
5WFCWELLS FARGO & CO NEW COMhistory →COMMON4.99%$8M335.0K
6FRBKQREPUBLIC FIRST BANCORP INC COMhistory →COMMON4.42%$7M3.52M
7FITBFifth Third Bancorphistory →COMMON4.39%$7M325.0K
8HARBORONE BANCORP INCCOMMON4.02%$6M785.6K
9PBFSPIONEER BANCORP INC/NYhistory →COMMON3.68%$6M653.5K
10PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON3.11%$5M413.0K
11RANDOLPH BANCORP INCCOMMON2.73%$4M345.9K
12ALRSALERUS FINANCIAL CORPhistory →COMMON2.72%$4M219.0K
13PCSB FINANCIAL CORPCOMMON2.70%$4M352.9K
14BankFinancial CorpCOMMON2.61%$4M570.7K
15PDL COMMUNITY BANCORPCOMMON2.58%$4M461.3K
16HTBHOMETRUST BANCSHARES INC COMhistory →COMMON2.50%$4M290.0K
17FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON2.44%$4M269.0K
18ASRVAMERISERV FINL INC COMhistory →COMMON2.16%$3M1.22M
19MAGYAR BANCORP INC COMCOMMON2.08%$3M393.2K
20UMBFUMB Financial Corphistory →COMMON2.03%$3M65.4K
21SFBCSOUND FINL BANCORP INC COMhistory →COMMON2.02%$3M107.6K
22NODKNI HOLDINGS INChistory →COMMON2.00%$3M186.6K
23ICC HOLDINGS INCCOMMON1.95%$3M262.9K
24WLFCWillis Lease Finance Corphistory →COMMON1.83%$3M156.2K
25COMMUNITY BANKERS TR CORP COMCOMMON1.58%$3M492.2K
26Lakeland Bancorp IncCOMMON1.52%$2M240.4K
27First Financial Northwest IncCOMMON1.41%$2M244.7K
28ALTABANCORPCOMMON1.31%$2M102.4K
29HMN Financial IncCOMMON1.29%$2M154.0K
30BANK OF COMMERCE HOLDINGSCOMMON1.28%$2M289.1K
31BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.25%$2M259.6K
32CHMGCHEMUNG FINL CORP COMhistory →COMMON1.02%$2M55.8K
33SPFISOUTH PLAINS FINANCIAL INCCOMMON0.92%$1M117.1K
34TowneBank/Portsmouth VACOMMON0.80%$1M77.1K
35HBCPHome Bancorp IncCOMMON0.77%$1M50.1K
36RBKBRHINEBECK BANCORP INCCOMMON0.72%$1M179.1K
37Community West BancsharesCOMMON0.69%$1M135.0K
38FCNCAFIRST CTZNS BANCSHARES INC N C CL ACOMMON0.60%$954,0003.0K
39FUNCFIRST UTD CORP COMCOMMON0.59%$937,00080.1K
401895 BANCORP OF WISCONSIN INCOMMON0.58%$923,000101.4K
41BPFHBoston Private Financial Holdings IncCOMMON0.51%$806,000146.1K
42PBHCPathfinder Bancorp IncCOMMON0.41%$643,00060.7K
43FRAFFRANKLIN FINANCIAL SERVICESCOMMON0.29%$462,00021.6K
44MALVERN BANCORP INC COMCOMMON0.17%$266,00022.6K
45Enterprise Bancorp Inc/MACOMMON0.17%$264,00012.6K
46SALISBURY BANCORP INCCOMMON0.16%$257,0008.1K
47FISIFinancial Institutions IncCOMMON0.15%$242,00015.7K
48OFEDOCONEE FED FINL CORP COMCOMMON0.13%$207,0009.6K
49PARTNERS BANCORPCOMMON0.12%$190,00033.8K
50WVFCWVS FINANCIAL CORPCOMMON0.11%$167,00012.5K

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 ↗.