SEC 13F Intelligence

Managers / Q4 2020 · view latest →

M3F, Inc.

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

Reported Value
$211M
Q4 2020
Positions
43
Filings on Record
30
2019–present window
Filed
Feb 12, 2021
original filing

Summary

M3f, Inc. reported $211M in U.S.-listed holdings across 43 positions for Q4 2020.

Its largest position, WFC, represents 8.5% of the portfolio.

Compared with Q3 2020, the fund opened 3 new positions and exited 10.

Portfolio Metrics

Turnover
+12.1%
vs prior filed quarter
Top-10 Concentration
+50.0%
share of reported value
Largest Position
+8.5%
Wells Fargo Co New Com
New / Exited
3 / 10
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: 78.9%Other: 21.1%
  • Common Stock · 78.9% · $166M
  • Other · 21.1% · $44M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EBCEASTERN BANKSHARES INCNEW+1.02M1.02M+$17M$17M
Brookline Bancorp IncNEW+452.9K452.9K+$5M$5M
WNEBWESTERN NEW ENGLAND BANCORPNEW+540.0K540.0K+$4M$4M
Enterprise Bancorp Inc/MAADDED+43.2K55.8K+$1M$1M
BPFHBoston Private Financial Holdings IncADDED+429.0K575.0K+$4M$5M
FITBFifth Third BancorpSOLD OUT−325.0K0−$7M$0
HARBORONE BANCORP INCSOLD OUT−785.6K0−$6M$0
TowneBank/Portsmouth VASOLD OUT−77.1K0−$1M$0

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

Holdings — Q4 2020

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WFCWELLS FARGO & CO NEW COMhistory →COMMON8.51%$18M594.5K
2EBCEASTERN BANKSHARES INChistory →COMMON7.87%$17M1.02M
3PROVIDENT BANCORP INCCOMMON6.46%$14M1.13M
4SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.65%$12M1.43M
5FRBKQREPUBLIC FIRST BANCORP INC COMhistory →COMMON4.53%$10M3.35M
6PBFSPIONEER BANCORP INC/NYhistory →COMMON3.77%$8M751.3K
7CFGCITIZENS FINL GROUP INC COMhistory →COMMON3.67%$8M216.5K
8HTHHilltop Holdings Inchistory →COMMON3.53%$7M270.2K
9PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON3.08%$6M413.6K
10WLFCWillis Lease Finance Corphistory →COMMON2.90%$6M200.7K
11HTBHOMETRUST BANCSHARES INC COMhistory →COMMON2.72%$6M297.2K
12PCSB FINANCIAL CORPCOMMON2.62%$6M346.7K
13Brookline Bancorp IncCOMMON2.59%$5M452.9K
14BankFinancial CorpCOMMON2.40%$5M576.3K
15BPFHBoston Private Financial Holdings Inchistory →COMMON2.31%$5M575.0K
16PDL COMMUNITY BANCORPCOMMON2.28%$5M458.1K
17FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON2.16%$5M247.6K
18MAGYAR BANCORP INC COMCOMMON1.97%$4M431.8K
19Lakeland Bancorp IncCOMMON1.95%$4M324.0K
20COMMUNITY BANKERS TR CORP COMCOMMON1.94%$4M606.7K
21ALRSALERUS FINANCIAL CORPhistory →COMMON1.90%$4M146.7K
22BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.88%$4M445.5K
23ASRVAMERISERV FINL INC COMhistory →COMMON1.80%$4M1.21M
24WNEBWESTERN NEW ENGLAND BANCORPhistory →COMMON1.77%$4M540.0K
25UMBFUMB Financial Corphistory →COMMON1.74%$4M53.3K
26RANDOLPH BANCORP INCCOMMON1.67%$4M159.7K
27SFBCSOUND FINL BANCORP INC COMhistory →COMMON1.58%$3M105.1K
28HMN Financial IncCOMMON1.47%$3M180.5K
29NODKNI HOLDINGS INChistory →COMMON1.45%$3M186.6K
30First Financial Northwest IncCOMMON1.44%$3M266.7K
31ICC HOLDINGS INCCOMMON1.40%$3M205.8K
32BANK OF COMMERCE HOLDINGSCOMMON1.33%$3M282.6K
33ALTABANCORPCOMMON1.26%$3M95.1K
34SPFISOUTH PLAINS FINANCIAL INChistory →COMMON1.16%$2M129.2K
35RBKBRHINEBECK BANCORP INCCOMMON0.94%$2M231.4K
36CHMGCHEMUNG FINL CORP COMCOMMON0.77%$2M47.5K
37Community West BancsharesCOMMON0.70%$1M163.6K
38Enterprise Bancorp Inc/MACOMMON0.68%$1M55.8K
391895 BANCORP OF WISCONSIN INCOMMON0.66%$1M140.2K
40FUNCFIRST UTD CORP COMCOMMON0.52%$1M70.9K
41HBCPHome Bancorp IncCOMMON0.50%$1M37.9K
42PBHCPathfinder Bancorp IncCOMMON0.33%$697,00060.7K
43PARTNERS BANCORPCOMMON0.10%$209,00032.2K

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 ↗.