SEC 13F Intelligence

Managers / Q2 2024 · view latest →

M3F, Inc.

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

Reported Value
$270M
Q2 2024
Positions
34
Filings on Record
29
2019–present window
Filed
Aug 13, 2024
original filing

Summary

M3f, Inc. reported $270M in U.S.-listed holdings across 34 positions for Q2 2024.

Its largest position, WLFC, represents 15.9% of the portfolio.

Compared with Q1 2024, the fund opened 1 new position and exited 4.

Portfolio Metrics

Turnover
+10.6%
vs prior filed quarter
Top-10 Concentration
+63.5%
share of reported value
Largest Position
+15.9%
Willis Lease Finance
New / Exited
1 / 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: 89.9%Other: 10.1%
  • Common Stock · 89.9% · $243M
  • Other · 10.1% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Brookline Bancorp IncNEW+979.3K979.3K+$8M$8M
FINWFINWISE BANCORPADDED+223.3K278.6K+$2M$3M
BYFCBROADWAY FINANCIAL CORP/DEADDED+55.6K90.0K+$273,000$462,000
NATIONAL WESTN LIFE INS CO CL ASOLD OUT−31.8K0−$16M$0
COLBColumbia Banking System IncSOLD OUT−455.0K0−$9M$0
ICC HOLDINGS INCSOLD OUT−108.4K0−$2M$0
Community West BancsharesSOLD OUT−82.3K0−$1M$0
ISTRINVESTAR HLDG CORP COMTRIMMED−141.5K25.0K−$2M$385,000

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

Holdings — Q2 2024

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON15.95%$43M621.7K
2PBFSPIONEER BANCORP INC/NYhistory →COMMON7.74%$21M2.09M
3PDLBPONCE FINANCIAL GROUP INChistory →COMMON7.56%$20M2.24M
4SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.21%$14M1.76M
5SWKHSWK HLDGS CORP COMhistory →COMMON5.04%$14M802.2K
6PROVIDENT BANCORP INCCOMMON4.82%$13M1.28M
7EBCEASTERN BANKSHARES INChistory →COMMON4.72%$13M912.1K
8BankFinancial CorpCOMMON4.62%$12M1.21M
9WFCWELLS FARGO & CO NEW COMhistory →COMMON4.40%$12M200.0K
10PKBKPARKE BANCORP INChistory →COMMON3.46%$9M536.9K
11RBKBRHINEBECK BANCORP INChistory →COMMON3.14%$8M1.08M
12Brookline Bancorp IncCOMMON3.03%$8M979.3K
13NODKNI HOLDINGS INChistory →COMMON3.01%$8M531.0K
14FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON2.99%$8M218.1K
15SPFISOUTH PLAINS FINANCIAL INChistory →COMMON2.81%$8M281.7K
16HMN Financial IncCOMMON2.78%$8M328.1K
17PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON2.75%$7M594.7K
18MGYRMAGYAR BANCORP INC COMhistory →COMMON2.38%$6M571.3K
19TSBKTIMBERLAND BANCORP INChistory →COMMON2.21%$6M220.7K
20NECBNORTHEAST COMMUNITY BANCORPhistory →COMMON1.75%$5M264.7K
21SFBCSOUND FINL BANCORP INC COMhistory →COMMON1.50%$4M94.0K
22BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.24%$3M497.4K
23OVLYOAK VALLEY BANCORPhistory →COMMON1.22%$3M132.2K
24SHF HOLDINGS INCCOMMON1.09%$3M5.50M
25FINWFINWISE BANCORPhistory →COMMON1.05%$3M278.6K
26Enterprise Bancorp Inc/MACOMMON0.92%$2M99.5K
27CPBICENTRAL PLAINS BANCSHARES INCOMMON0.51%$1M136.5K
28LAKE SHORE BANCORP INC COMCOMMON0.51%$1M110.1K
29BCOW1895 BANCORP OF WISCONSIN INCOMMON0.45%$1M148.2K
30PBHCPathfinder Bancorp IncCOMMON0.38%$1M77.3K
31SRBKSR BANCORP INCCOMMON0.26%$709,00076.6K
32FSEAFIRST SEACOAST BANCORP INCCOMMON0.20%$530,00059.2K
33BYFCBROADWAY FINANCIAL CORP/DECOMMON0.17%$462,00090.0K
34ISTRINVESTAR HLDG CORP COMCOMMON0.14%$385,00025.0K

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 ↗.