SEC 13F Intelligence

Managers / Q3 2024 · view latest →

M3F, Inc.

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

Reported Value
$325M
Q3 2024
Positions
29
Filings on Record
29
2019–present window
Filed
Nov 13, 2024
original filing

Summary

M3f, Inc. reported $325M in U.S.-listed holdings across 29 positions for Q3 2024.

The portfolio is heavily concentrated: WLFC alone accounts for 26.1% of reported value.

Compared with Q2 2024, the fund opened 1 new position and exited 6.

Portfolio Metrics

Turnover
+8.1%
vs prior filed quarter
Top-10 Concentration
+72.9%
share of reported value
Largest Position
+26.1%
Willis Lease Finance
New / Exited
1 / 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: 91.7%Other: 8.3%
  • Common Stock · 91.7% · $297M
  • Other · 8.3% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CLSTCATALYST BANCORP INCNEW+68.4K68.4K+$779,000$779,000
NODKNI HOLDINGS INCADDED+566.0K1.10M+$9M$17M
NECBNORTHEAST COMMUNITY BANCORPSOLD OUT−264.7K0−$5M$0
SFBCSOUND FINL BANCORP INC COMSOLD OUT−94.0K0−$4M$0
Enterprise Bancorp Inc/MASOLD OUT−99.5K0−$2M$0
PBHCPathfinder Bancorp IncSOLD OUT−77.3K0−$1M$0
FSEAFIRST SEACOAST BANCORP INCSOLD OUT−59.2K0−$530,000$0
ISTRINVESTAR HLDG CORP COMSOLD OUT−25.0K0−$385,000$0

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

Holdings — Q3 2024

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON26.10%$85M569.2K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON8.15%$26M2.26M
3PBFSPIONEER BANCORP INC/NYhistory →COMMON7.83%$25M2.32M
4SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.81%$19M2.05M
5NODKNI HOLDINGS INChistory →COMMON5.30%$17M1.10M
6BankFinancial CorpCOMMON4.55%$15M1.21M
7SWKHSWK HLDGS CORP COMhistory →COMMON4.16%$14M780.9K
8PROVIDENT BANCORP INCCOMMON4.13%$13M1.24M
9WFCWELLS FARGO & CO NEW COMhistory →COMMON3.48%$11M200.0K
10EBCEASTERN BANKSHARES INChistory →COMMON3.42%$11M677.9K
11PKBKPARKE BANCORP INChistory →COMMON3.20%$10M496.5K
12RBKBRHINEBECK BANCORP INChistory →COMMON3.07%$10M1.08M
13HMN Financial IncCOMMON2.82%$9M327.6K
14Brookline Bancorp IncCOMMON2.47%$8M794.3K
15PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON2.21%$7M500.0K
16FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON2.17%$7M154.3K
17TSBKTIMBERLAND BANCORP INChistory →COMMON1.99%$6M213.1K
18MGYRMAGYAR BANCORP INC COMhistory →COMMON1.76%$6M463.0K
19FINWFINWISE BANCORPhistory →COMMON1.29%$4M268.7K
20BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.26%$4M495.0K
21OVLYOAK VALLEY BANCORPhistory →COMMON1.10%$4M134.0K
22SHF HOLDINGS INCCOMMON0.94%$3M5.53M
23CPBICENTRAL PLAINS BANCSHARES INCOMMON0.69%$2M179.3K
24BCOW1895 BANCORP OF WISCONSIN INCOMMON0.46%$1M148.2K
25LAKE SHORE BANCORP INC COMCOMMON0.46%$1M110.1K
26SPFISOUTH PLAINS FINANCIAL INCCOMMON0.41%$1M39.5K
27BYFCBROADWAY FINANCIAL CORP/DECOMMON0.32%$1M159.2K
28CLSTCATALYST BANCORP INCCOMMON0.24%$779,00068.4K
29SRBKSR BANCORP INCCOMMON0.22%$709,00063.6K

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 ↗.