SEC 13F Intelligence

Managers / Q4 2022 · view latest →

M3F, Inc.

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

Reported Value
$327M
Q4 2022
Positions
39
Filings on Record
29
2019–present window
Filed
Feb 10, 2023
original filing

Summary

M3f, Inc. reported $327M in U.S.-listed holdings across 39 positions for Q4 2022.

Its largest position, WLFC, represents 10.8% of the portfolio.

Compared with Q3 2022, the fund opened 3 new positions and exited 6.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+52.6%
share of reported value
Largest Position
+10.8%
Willis Lease Finance
New / Exited
3 / 6
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: 91.5%Other: 8.5%
  • Common Stock · 91.5% · $299M
  • Other · 8.5% · $28M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COFCapital One Financial CorpNEW+75.0K75.0K+$7M$7M
SBNYSignature Bank/New York NYNEW+52.5K52.5K+$6M$6M
EBCEASTERN BANKSHARES INCNEW+68.6K68.6K+$1M$1M
MCBMETROPOLITAN BANK HOLDING COADDED+164.5K239.3K+$9M$14M
RANDOLPH BANCORP INCSOLD OUT−142.2K0−$4M$0
PCSB FINANCIAL CORPSOLD OUT−138.2K0−$2M$0
HTBHOMETRUST BANCSHARES INC COMSOLD OUT−29.6K0−$653,000$0
BCOW1895 BANCORP OF WISCONSIN INSOLD OUT−31.7K0−$330,000$0

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

Holdings — Q4 2022

39 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON10.83%$35M600.0K
2NECBNORTHEAST COMMUNITY BANCORPhistory →COMMON7.06%$23M1.55M
3PDLBPONCE FINANCIAL GROUP INChistory →COMMON5.81%$19M2.04M
4PBFSPIONEER BANCORP INC/NYhistory →COMMON5.30%$17M1.52M
5MCBMETROPOLITAN BANK HOLDING COhistory →COMMON4.29%$14M239.3K
6SWKHSWK HLDGS CORP COMhistory →COMMON4.29%$14M795.2K
7SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON4.16%$14M1.86M
8BankFinancial CorpCOMMON4.06%$13M1.26M
9NATIONAL WESTN LIFE INS CO CL ACOMMON3.41%$11M39.7K
10PKBKPARKE BANCORP INChistory →COMMON3.41%$11M537.7K
11WFCWELLS FARGO & CO NEW COMhistory →COMMON3.33%$11M264.0K
12FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON3.16%$10M282.5K
13PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON2.97%$10M705.1K
14PROVIDENT BANCORP INCCOMMON2.77%$9M1.24M
15BSBKBOGOTA FINANCIAL CORPhistory →COMMON2.52%$8M735.9K
16HTHHilltop Holdings Inchistory →COMMON2.48%$8M269.7K
17RBKBRHINEBECK BANCORP INChistory →COMMON2.47%$8M886.4K
18HMN Financial IncCOMMON2.24%$7M343.2K
19MGYRMAGYAR BANCORP INC COMhistory →COMMON2.14%$7M547.1K
20COFCapital One Financial Corphistory →COMMON2.13%$7M75.0K
21SFBCSOUND FINL BANCORP INC COMhistory →COMMON2.08%$7M173.4K
22TSBKTIMBERLAND BANCORP INChistory →COMMON2.04%$7M195.5K
23SPFISOUTH PLAINS FINANCIAL INChistory →COMMON2.02%$7M240.0K
24ISTRINVESTAR HLDG CORP COMhistory →COMMON1.99%$7M302.7K
25SBNYSignature Bank/New York NYhistory →COMMON1.85%$6M52.5K
26TCBXTHIRD COAST BANCSHARES INChistory →COMMON1.79%$6M318.2K
27NODKNI HOLDINGS INChistory →COMMON1.72%$6M423.5K
28Community West BancsharesCOMMON1.41%$5M308.6K
29Enterprise Bancorp Inc/MACOMMON1.19%$4M110.4K
30OBTORANGE COUNTY BANCORP INChistory →COMMON1.15%$4M80.9K
31OVLYOAK VALLEY BANCORPCOMMON0.87%$3M126.3K
32ASRVAMERISERV FINL INC COMCOMMON0.55%$2M454.4K
33ICC HOLDINGS INCCOMMON0.50%$2M105.9K
34PBHCPathfinder Bancorp IncCOMMON0.47%$2M80.3K
35GBNYGENERATIONS BANCORP NY INCCOMMON0.44%$1M131.9K
36EBCEASTERN BANKSHARES INCCOMMON0.36%$1M68.6K
37HWBKHAWTHORN BANCSHARES INCCOMMON0.31%$1M46.1K
38FIRST SEACOAST BANCORPCOMMON0.30%$996,000104.3K
39First Financial Northwest IncCOMMON0.11%$364,00024.3K

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 ↗.