SEC 13F Intelligence

Managers / Q1 2024 · view latest →

M3F, Inc.

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

Reported Value
$283M
Q1 2024
Positions
37
Filings on Record
29
2019–present window
Filed
May 14, 2024
original filing

Summary

M3f, Inc. reported $283M in U.S.-listed holdings across 37 positions for Q1 2024.

Its largest position, WLFC, represents 11.1% of the portfolio.

Compared with Q4 2023, the fund opened 3 new positions and exited 3.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+59.0%
share of reported value
Largest Position
+11.1%
Willis Lease Finance
New / Exited
3 / 3
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: 88.3%Other: 11.7%
  • Common Stock · 88.3% · $249M
  • Other · 11.7% · $33M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COLBColumbia Banking System IncNEW+455.0K455.0K+$9M$9M
FINWFINWISE BANCORPNEW+55.3K55.3K+$556,000$556,000
BYFCBROADWAY FINANCIAL CORP/DENEW+34.4K34.4K+$189,000$189,000
CMAComerica IncSOLD OUT−100.0K0−$6M$0
MTBM&T Bank CorpSOLD OUT−35.0K0−$5M$0
NSTSNSTS BANCORP INCSOLD OUT−22.3K0−$212,000$0
CPBICENTRAL PLAINS BANCSHARES INADDED+58.1K123.8K+$595,000$1M
Community West BancsharesTRIMMED−143.9K82.3K−$3M$1M

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

Holdings — Q1 2024

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON11.12%$31M632.8K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON6.81%$19M2.16M
3PBFSPIONEER BANCORP INC/NYhistory →COMMON6.58%$19M1.89M
4NATIONAL WESTN LIFE INS CO CL ACOMMON5.54%$16M31.8K
5WFCWELLS FARGO & CO NEW COMhistory →COMMON5.33%$15M260.0K
6SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.19%$15M1.85M
7PROVIDENT BANCORP INCCOMMON4.91%$14M1.53M
8EBCEASTERN BANKSHARES INChistory →COMMON4.79%$14M981.6K
9SWKHSWK HLDGS CORP COMhistory →COMMON4.40%$12M713.3K
10BankFinancial CorpCOMMON4.30%$12M1.16M
11PKBKPARKE BANCORP INChistory →COMMON3.31%$9M543.4K
12RBKBRHINEBECK BANCORP INChistory →COMMON3.20%$9M1.07M
13COLBColumbia Banking System Inchistory →COMMON3.12%$9M455.0K
14FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON2.93%$8M220.7K
15PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON2.90%$8M611.8K
16SPFISOUTH PLAINS FINANCIAL INChistory →COMMON2.78%$8M293.5K
17NODKNI HOLDINGS INChistory →COMMON2.73%$8M509.8K
18HMN Financial IncCOMMON2.47%$7M331.0K
19MGYRMAGYAR BANCORP INC COMhistory →COMMON2.25%$6M571.3K
20TSBKTIMBERLAND BANCORP INChistory →COMMON2.08%$6M218.3K
21SHF HOLDINGS INCCOMMON1.83%$5M5.34M
22NECBNORTHEAST COMMUNITY BANCORPhistory →COMMON1.80%$5M323.8K
23SFBCSOUND FINL BANCORP INC COMhistory →COMMON1.40%$4M97.3K
24BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.25%$4M497.4K
25OVLYOAK VALLEY BANCORPhistory →COMMON1.16%$3M132.2K
26ISTRINVESTAR HLDG CORP COMCOMMON0.96%$3M166.5K
27Enterprise Bancorp Inc/MACOMMON0.90%$3M97.4K
28FSEAFIRST SEACOAST BANCORP INCCOMMON0.75%$2M253.1K
29ICC HOLDINGS INCCOMMON0.61%$2M108.4K
30LAKE SHORE BANCORP INC COMCOMMON0.52%$1M125.6K
31Community West BancsharesCOMMON0.45%$1M82.3K
32CPBICENTRAL PLAINS BANCSHARES INCOMMON0.45%$1M123.8K
33PBHCPathfinder Bancorp IncCOMMON0.34%$957,00077.3K
34BCOW1895 BANCORP OF WISCONSIN INCOMMON0.31%$889,000130.4K
35SRBKSR BANCORP INCCOMMON0.26%$728,00077.1K
36FINWFINWISE BANCORPCOMMON0.20%$556,00055.3K
37BYFCBROADWAY FINANCIAL CORP/DECOMMON0.07%$189,00034.4K

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 ↗.