SEC 13F Intelligence

Managers / Q1 2022 · view latest →

M3F, Inc.

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

Reported Value
$301M
Q1 2022
Positions
45
Filings on Record
29
2019–present window
Filed
May 16, 2022
original filing

Summary

M3f, Inc. reported $301M in U.S.-listed holdings across 45 positions for Q1 2022.

Its largest position, NECB, represents 6.0% of the portfolio.

Compared with Q4 2021, the fund opened 5 new positions and exited 4.

Portfolio Metrics

Turnover
+14.4%
vs prior filed quarter
Top-10 Concentration
+44.1%
share of reported value
Largest Position
+6.0%
Northeast Community Bancorp
New / Exited
5 / 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: 87.8%Other: 12.2%
  • Common Stock · 87.8% · $264M
  • Other · 12.2% · $37M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PDLBPONCE FINANCIAL GROUP INCNEW+911.2K911.2K+$9M$9M
NATIONAL WESTN LIFE INS CO CL ANEW+31.1K31.1K+$7M$7M
FNWDFINWARD BANCORPNEW+63.8K63.8K+$3M$3M
TCBXTHIRD COAST BANCSHARES INCNEW+19.5K19.5K+$451,000$451,000
BROADWAY FINANCIAL CORP/DENEW+117.7K117.7K+$187,000$187,000
HTHHilltop Holdings IncADDED+236.4K422.1K+$6M$12M
FIRST SEACOAST BANCORPADDED+126.0K229.0K+$1M$2M
PDL COMMUNITY BANCORPSOLD OUT−947.7K0−$14M$0

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

Holdings — Q1 2022

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NECBNORTHEAST COMMUNITY BANCORPhistory →COMMON5.99%$18M1.47M
2SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.84%$18M1.75M
3WLFCWillis Lease Finance Corphistory →COMMON5.22%$16M487.8K
4PBFSPIONEER BANCORP INC/NYhistory →COMMON4.42%$13M1.26M
5BSBKBOGOTA FINANCIAL CORPhistory →COMMON4.22%$13M1.18M
6HTHHilltop Holdings Inchistory →COMMON4.13%$12M422.1K
7SWKHSWK HLDGS CORP COMhistory →COMMON3.60%$11M641.4K
8WFCWELLS FARGO & CO NEW COMhistory →COMMON3.60%$11M223.0K
9PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON3.59%$11M651.6K
10PROVIDENT BANCORP INCCOMMON3.44%$10M638.1K
11BankFinancial CorpCOMMON3.27%$10M949.8K
12PCSB FINANCIAL CORPCOMMON3.17%$10M498.6K
13PDLBPONCE FINANCIAL GROUP INChistory →COMMON3.15%$9M911.2K
14HEARTLAND FINANCIAL USA INCCOMMON2.86%$9M179.5K
15HMN Financial IncCOMMON2.83%$8M343.2K
16EBCEASTERN BANKSHARES INChistory →COMMON2.78%$8M388.0K
17FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON2.68%$8M245.6K
18OBTORANGE COUNTY BANCORP INChistory →COMMON2.38%$7M178.6K
19ISTRINVESTAR HLDG CORP COMhistory →COMMON2.25%$7M354.8K
20NATIONAL WESTN LIFE INS CO CL ACOMMON2.18%$7M31.1K
21NODKNI HOLDINGS INChistory →COMMON2.16%$6M382.7K
22MGYRMAGYAR BANCORP INC COMhistory →COMMON2.09%$6M533.6K
23SPFISOUTH PLAINS FINANCIAL INChistory →COMMON2.08%$6M235.7K
24RBKBRHINEBECK BANCORP INChistory →COMMON1.81%$5M535.1K
25OVLYOAK VALLEY BANCORPhistory →COMMON1.78%$5M289.7K
26RMBIRICHMOND MUTUAL BANCORPORATIhistory →COMMON1.44%$4M254.1K
27TSBKTIMBERLAND BANCORP INChistory →COMMON1.44%$4M160.0K
28Enterprise Bancorp Inc/MACOMMON1.42%$4M106.1K
29ASRVAMERISERV FINL INC COMhistory →COMMON1.33%$4M986.8K
30ICC HOLDINGS INCCOMMON1.31%$4M230.9K
31SFBCSOUND FINL BANCORP INC COMhistory →COMMON1.27%$4M100.3K
32RANDOLPH BANCORP INCCOMMON1.25%$4M141.9K
33HTBHOMETRUST BANCSHARES INC COMhistory →COMMON1.21%$4M123.0K
34Community West BancsharesCOMMON1.11%$3M238.4K
35BCOW1895 BANCORP OF WISCONSIN INhistory →COMMON1.08%$3M299.5K
36FNWDFINWARD BANCORPCOMMON0.98%$3M63.8K
37GBNYGENERATIONS BANCORP NY INCCOMMON0.95%$3M242.6K
38FIRST SEACOAST BANCORPCOMMON0.81%$2M229.0K
39PBHCPathfinder Bancorp IncCOMMON0.69%$2M94.7K
40PRUDENTIAL BANCORP INC NEW COMCOMMON0.67%$2M122.3K
41BCBPBCB BANCORP INC COMCOMMON0.51%$2M84.2K
42HWBKHAWTHORN BANCSHARES INCCOMMON0.40%$1M47.8K
43PKBKPARKE BANCORP INCCOMMON0.39%$1M49.4K
44TCBXTHIRD COAST BANCSHARES INCCOMMON0.15%$451,00019.5K
45BROADWAY FINANCIAL CORP/DECOMMON0.06%$187,000117.7K

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 ↗.