SEC 13F Intelligence

Managers / Q3 2022 · view latest →

M3F, Inc.

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

Reported Value
$285M
Q3 2022
Positions
42
Filings on Record
29
2019–present window
Filed
Nov 14, 2022
original filing

Summary

M3f, Inc. reported $285M in U.S.-listed holdings across 42 positions for Q3 2022.

Its largest position, WLFC, represents 6.9% of the portfolio.

Compared with Q2 2022, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+50.8%
share of reported value
Largest Position
+6.9%
Willis Lease Finance
New / Exited
1 / 2
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: 86.8%Other: 13.2%
  • Common Stock · 86.8% · $247M
  • Other · 13.2% · $38M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
First Financial Northwest IncNEW+18.7K18.7K+$278,000$278,000
MCBMETROPOLITAN BANK HOLDING COADDED+48.4K74.8K+$3M$5M
HEARTLAND FINANCIAL USA INCSOLD OUT−180.5K0−$7M$0
PRUDENTIAL BANCORP INC NEW COMSOLD OUT−122.3K0−$2M$0
BCOW1895 BANCORP OF WISCONSIN INTRIMMED−318.5K31.7K−$3M$330,000
HTBHOMETRUST BANCSHARES INC COMTRIMMED−213.9K29.6K−$5M$653,000
FNWDFINWARD BANCORPTRIMMED−40.1K6.1K−$2M$206,000
BCBPBCB BANCORP INC COMTRIMMED−47.7K15.6K−$815,000$262,000

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

Holdings — Q3 2022

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON6.87%$20M597.7K
2NECBNORTHEAST COMMUNITY BANCORPhistory →COMMON6.84%$19M1.57M
3PDLBPONCE FINANCIAL GROUP INChistory →COMMON6.67%$19M2.07M
4PBFSPIONEER BANCORP INC/NYhistory →COMMON5.10%$15M1.53M
5PROVIDENT BANCORP INCCOMMON5.08%$14M1.01M
6SWKHSWK HLDGS CORP COMhistory →COMMON4.42%$13M741.9K
7BankFinancial CorpCOMMON4.18%$12M1.26M
8SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON4.17%$12M1.87M
9BSBKBOGOTA FINANCIAL CORPhistory →COMMON3.75%$11M969.7K
10WFCWELLS FARGO & CO NEW COMhistory →COMMON3.73%$11M264.0K
11PKBKPARKE BANCORP INChistory →COMMON3.57%$10M484.9K
12PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON3.51%$10M705.1K
13FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON3.51%$10M309.4K
14HTHHilltop Holdings Inchistory →COMMON3.17%$9M364.1K
15HMN Financial IncCOMMON2.70%$8M343.2K
16SPFISOUTH PLAINS FINANCIAL INChistory →COMMON2.44%$7M252.4K
17NATIONAL WESTN LIFE INS CO CL ACOMMON2.44%$7M40.7K
18ISTRINVESTAR HLDG CORP COMhistory →COMMON2.43%$7M348.0K
19MGYRMAGYAR BANCORP INC COMhistory →COMMON2.39%$7M548.3K
20SFBCSOUND FINL BANCORP INC COMhistory →COMMON2.32%$7M163.3K
21RBKBRHINEBECK BANCORP INChistory →COMMON2.02%$6M589.6K
22NODKNI HOLDINGS INChistory →COMMON1.98%$6M422.3K
23TSBKTIMBERLAND BANCORP INChistory →COMMON1.78%$5M183.1K
24MCBMETROPOLITAN BANK HOLDING COhistory →COMMON1.69%$5M74.8K
25OBTORANGE COUNTY BANCORP INChistory →COMMON1.49%$4M110.4K
26TCBXTHIRD COAST BANCSHARES INChistory →COMMON1.47%$4M245.1K
27Enterprise Bancorp Inc/MACOMMON1.44%$4M136.9K
28Community West BancsharesCOMMON1.42%$4M289.3K
29RANDOLPH BANCORP INCCOMMON1.35%$4M142.2K
30ASRVAMERISERV FINL INC COMhistory →COMMON1.26%$4M945.1K
31PCSB FINANCIAL CORPCOMMON0.87%$2M138.2K
32OVLYOAK VALLEY BANCORPCOMMON0.79%$2M126.3K
33PBHCPathfinder Bancorp IncCOMMON0.57%$2M80.3K
34GBNYGENERATIONS BANCORP NY INCCOMMON0.57%$2M146.7K
35ICC HOLDINGS INCCOMMON0.57%$2M105.9K
36FIRST SEACOAST BANCORPCOMMON0.54%$2M147.9K
37HWBKHAWTHORN BANCSHARES INCCOMMON0.33%$927,00042.4K
38HTBHOMETRUST BANCSHARES INC COMCOMMON0.23%$653,00029.6K
39BCOW1895 BANCORP OF WISCONSIN INCOMMON0.12%$330,00031.7K
40First Financial Northwest IncCOMMON0.10%$278,00018.7K
41BCBPBCB BANCORP INC COMCOMMON0.09%$262,00015.6K
42FNWDFINWARD BANCORPCOMMON0.07%$206,0006.1K

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 ↗.