SEC 13F Intelligence

Managers / Q3 2021 · view latest →

M3F, Inc.

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

Reported Value
$305M
Q3 2021
Positions
52
Filings on Record
29
2019–present window
Filed
Nov 12, 2021
original filing

Summary

M3f, Inc. reported $305M in U.S.-listed holdings across 52 positions for Q3 2021.

Its largest position, WFC, represents 6.2% of the portfolio.

Compared with Q2 2021, the fund opened 7 new positions and exited 9.

Portfolio Metrics

Turnover
+12.7%
vs prior filed quarter
Top-10 Concentration
+43.6%
share of reported value
Largest Position
+6.2%
Wells Fargo Co New Com
New / Exited
7 / 9
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: 85.6%Other: 14.4%
  • Common Stock · 85.6% · $261M
  • Other · 14.4% · $44M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NECBNORTHEAST COMMUNITY BANCORPNEW+1.32M1.32M+$14M$14M
OBTORANGE COUNTY BANCORP INCNEW+175.9K175.9K+$6M$6M
MGYRMAGYAR BANCORP INC COMNEW+529.4K529.4K+$6M$6M
HEARTLAND FINANCIAL USA INCNEW+64.4K64.4K+$3M$3M
BCOW1895 BANCORP OF WISCONSIN INNEW+245.1K245.1K+$3M$3M
NATIONAL WESTN LIFE INS CO CL ANEW+8.7K8.7K+$2M$2M
FIRST SEACOAST BANCORPNEW+28.9K28.9K+$280,000$280,000
MAGYAR BANCORP INC COMSOLD OUT−487.2K0−$7M$0

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

Holdings — Q3 2021

52 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WFCWELLS FARGO & CO NEW COMhistory →COMMON6.16%$19M405.4K
2WLFCWillis Lease Finance Corphistory →COMMON5.13%$16M421.1K
3NECBNORTHEAST COMMUNITY BANCORPhistory →COMMON4.70%$14M1.32M
4SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON4.69%$14M1.74M
5PDL COMMUNITY BANCORPCOMMON4.45%$14M955.7K
6PBFSPIONEER BANCORP INC/NYhistory →COMMON4.06%$12M979.8K
7BSBKBOGOTA FINANCIAL CORPhistory →COMMON3.97%$12M1.17M
8PROVIDENT BANCORP INCCOMMON3.68%$11M702.1K
9EBCEASTERN BANKSHARES INChistory →COMMON3.55%$11M533.7K
10PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON3.23%$10M585.5K
11BankFinancial CorpCOMMON2.95%$9M784.5K
12FRBKQREPUBLIC FIRST BANCORP INC COMhistory →COMMON2.84%$9M2.81M
13PCSB FINANCIAL CORPCOMMON2.82%$9M466.9K
14HMN Financial IncCOMMON2.60%$8M343.2K
15HTBHOMETRUST BANCSHARES INC COMhistory →COMMON2.53%$8M276.6K
16SWKHSWK HLDGS CORP COMhistory →COMMON2.39%$7M401.0K
17ISTRINVESTAR HLDG CORP COMhistory →COMMON2.38%$7M330.6K
18FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON2.28%$7M242.2K
19SPFISOUTH PLAINS FINANCIAL INChistory →COMMON2.11%$6M263.8K
20OBTORANGE COUNTY BANCORP INChistory →COMMON2.03%$6M175.9K
21HTHHilltop Holdings Inchistory →COMMON1.99%$6M186.5K
22MGYRMAGYAR BANCORP INC COMhistory →COMMON1.99%$6M529.4K
23RBKBRHINEBECK BANCORP INChistory →COMMON1.82%$6M510.3K
24NODKNI HOLDINGS INChistory →COMMON1.66%$5M288.3K
25OVLYOAK VALLEY BANCORPhistory →COMMON1.65%$5M288.0K
26Enterprise Bancorp Inc/MACOMMON1.57%$5M133.7K
27First Financial Northwest IncCOMMON1.55%$5M289.9K
28Brookline Bancorp IncCOMMON1.51%$5M302.9K
29RANDOLPH BANCORP INCCOMMON1.40%$4M197.5K
30RMBIRICHMOND MUTUAL BANCORPORATIhistory →COMMON1.31%$4M254.1K
31TSBKTIMBERLAND BANCORP INChistory →COMMON1.29%$4M136.1K
32ASRVAMERISERV FINL INC COMhistory →COMMON1.26%$4M991.0K
33ICC HOLDINGS INCCOMMON1.25%$4M230.9K
34SFBCSOUND FINL BANCORP INC COMhistory →COMMON1.19%$4M80.6K
35HEARTLAND FINANCIAL USA INCCOMMON1.01%$3M64.4K
36GBNYGENERATIONS BANCORP NY INCCOMMON0.90%$3M240.8K
37BCOW1895 BANCORP OF WISCONSIN INCOMMON0.88%$3M245.1K
38FNWBFIRST NORTHWEST BANCORP COMCOMMON0.82%$3M143.1K
39Penns Woods Bancorp IncCOMMON0.80%$2M102.0K
40COMMUNITY BANKERS TR CORP COMCOMMON0.74%$2M199.8K
41Community West BancsharesCOMMON0.69%$2M161.6K
42CHMGCHEMUNG FINL CORP COMCOMMON0.63%$2M42.5K
43PRUDENTIAL BANCORP INC NEW COMCOMMON0.61%$2M122.3K
44NATIONAL WESTN LIFE INS CO CL ACOMMON0.60%$2M8.7K
45BCBPBCB BANCORP INC COMCOMMON0.50%$2M102.8K
46FUNCFIRST UTD CORP COMCOMMON0.39%$1M63.5K
47PBHCPathfinder Bancorp IncCOMMON0.36%$1M68.1K
48HWBKHAWTHORN BANCSHARES INCCOMMON0.35%$1M46.7K
49HBCPHome Bancorp IncCOMMON0.27%$827,00021.4K
50COFSCHOICEONE FINANCIAL SVCS INCCOMMON0.22%$659,00026.6K
51NWFLNORWOOD FINANCIAL CORP COMCOMMON0.16%$496,00019.5K
52FIRST SEACOAST BANCORPCOMMON0.09%$280,00028.9K

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 ↗.