SEC 13F Intelligence

Managers / Q4 2024 · view latest →

M3F, Inc.

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

Reported Value
$346M
Q4 2024
Positions
29
Filings on Record
29
Filed
Feb 13, 2025
original filing

Summary

M3f, Inc. reported $346M in U.S.-listed holdings across 29 positions for Q4 2024.

The portfolio is heavily concentrated: WLFC alone accounts for 30.3% of reported value.

Compared with Q3 2024, the fund opened 6 new positions and exited 6.

Portfolio Metrics

Turnover
+11.1%
vs prior filed quarter
Top-10 Concentration
+77.5%
share of reported value
Largest Position
+30.3%
Willis Lease Finance
New / Exited
6 / 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: 93.3%Other: 6.7%
  • Common Stock · 93.3% · $323M
  • Other · 6.7% · $23M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ASLEAERSALE CORPNEW+1.58M1.58M+$10M$10M
BM TECHNOLOGIES INCNEW+1.13M1.13M+$6M$6M
ALRSALERUS FINANCIAL CORPNEW+179.6K179.6K+$3M$3M
SSBISUMMIT STATE BANKNEW+300.0K300.0K+$2M$2M
CBFVCB FINL SVCS INC COMNEW+32.1K32.1K+$916,000$916,000
NSTSNSTS BANCORP INCNEW+39.8K39.8K+$469,000$469,000
WFCWELLS FARGO & CO NEW COMSOLD OUT−200.0K0−$11M$0
HMN Financial IncSOLD OUT−327.6K0−$9M$0

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

Holdings — Q4 2024

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON30.25%$105M504.2K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON8.51%$29M2.27M
3PBFSPIONEER BANCORP INC/NYhistory →COMMON7.72%$27M2.32M
4SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON7.00%$24M2.01M
5NODKNI HOLDINGS INChistory →COMMON6.07%$21M1.34M
6BankFinancial CorpCOMMON4.18%$14M1.14M
7PROVIDENT BANCORP INCCOMMON3.95%$14M1.20M
8SWKHSWK HLDGS CORP COMhistory →COMMON3.67%$13M800.2K
9EBCEASTERN BANKSHARES INChistory →COMMON3.14%$11M628.8K
10RBKBRHINEBECK BANCORP INChistory →COMMON3.01%$10M1.08M
11ASLEAERSALE CORPhistory →COMMON2.87%$10M1.58M
12PKBKPARKE BANCORP INChistory →COMMON2.60%$9M437.9K
13PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON2.01%$7M436.0K
14MGYRMAGYAR BANCORP INC COMhistory →COMMON1.83%$6M433.3K
15TSBKTIMBERLAND BANCORP INChistory →COMMON1.65%$6M186.6K
16Brookline Bancorp IncCOMMON1.63%$6M477.2K
17BM TECHNOLOGIES INCCOMMON1.60%$6M1.13M
18FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON1.30%$4M97.2K
19BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.08%$4M496.6K
20OVLYOAK VALLEY BANCORPhistory →COMMON1.03%$4M121.4K
21ALRSALERUS FINANCIAL CORPCOMMON1.00%$3M179.6K
22CPBICENTRAL PLAINS BANCSHARES INCOMMON0.78%$3M179.3K
23SHF HOLDINGS INCCOMMON0.72%$2M5.55M
24SSBISUMMIT STATE BANKCOMMON0.66%$2M300.0K
25BYFCBROADWAY FINANCIAL CORP/DECOMMON0.49%$2M249.4K
26LAKE SHORE BANCORP INC COMCOMMON0.44%$2M110.0K
27BCOW1895 BANCORP OF WISCONSIN INCOMMON0.43%$1M148.2K
28CBFVCB FINL SVCS INC COMCOMMON0.26%$916,00032.1K
29NSTSNSTS BANCORP INCCOMMON0.14%$469,00039.8K

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 ↗.