SEC 13F Intelligence

Managers / Q1 2025 · view latest →

M3F, Inc.

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

Reported Value
$364M
Q1 2025
Positions
31
Filings on Record
30
2019–present window
Filed
May 14, 2025
original filing

Summary

M3f, Inc. reported $364M in U.S.-listed holdings across 31 positions for Q1 2025.

The portfolio is heavily concentrated: WLFC alone accounts for 23.2% of reported value.

Compared with Q4 2024, the fund opened 4 new positions and exited 2.

Portfolio Metrics

Turnover
+11.2%
vs prior filed quarter
Top-10 Concentration
+74.9%
share of reported value
Largest Position
+23.2%
Willis Lease Finance
New / Exited
4 / 2
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
Q4 ’18: $108MQ4 ’18Q1 ’19: $113MQ2 ’19: $117MQ3 ’19: $137MQ4 ’19: $128MQ4 ’19Q1 ’20: $140MQ2 ’20: $135MQ3 ’20: $158MQ4 ’20: $211MQ4 ’20Q1 ’21: $247MQ2 ’21: $282MQ3 ’21: $305MQ4 ’21: $298MQ4 ’21Q1 ’22: $301MQ2 ’22: $308MQ3 ’22: $285MQ4 ’22: $327MQ4 ’22Q1 ’23: $304MQ2 ’23: $318MQ3 ’23: $299MQ4 ’23: $315MQ4 ’23Q1 ’24: $283MQ2 ’24: $270MQ3 ’24: $325MQ4 ’24: $346MQ4 ’24Q1 ’25: $364MQ2 ’25: $354MQ3 ’25: $353MQ4 ’25: $364MQ4 ’25Q1 ’26: $404Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.5%Other: 4.5%
  • Common Stock · 95.5% · $348M
  • Other · 4.5% · $16M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ALAir Lease CorpNEW+409.4K409.4K+$20M$20M
AERAERCAP HOLDINGS NV SHSNEW+172.5K172.5K+$18M$18M
AIRAAR CorpNEW+34.5K34.5K+$2M$2M
FBLAFB BANCORP INCNEW+11.6K11.6K+$130,000$130,000
CBFVCB FINL SVCS INC COMADDED+65.5K97.5K+$2M$3M
BM TECHNOLOGIES INCSOLD OUT−1.13M0−$6M$0
BCOW1895 BANCORP OF WISCONSIN INSOLD OUT−148.2K0−$1M$0
ASLEAERSALE CORPADDED+1.54M3.12M+$13M$23M

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

Holdings — Q1 2025

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON23.20%$84M534.3K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON7.89%$29M2.27M
3PBFSPIONEER BANCORP INC/NYhistory →COMMON7.47%$27M2.32M
4SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON6.71%$24M2.02M
5ASLEAERSALE CORPhistory →COMMON6.42%$23M3.12M
6NODKNI HOLDINGS INChistory →COMMON5.53%$20M1.41M
7ALAir Lease Corphistory →COMMON5.44%$20M409.4K
8AERAERCAP HOLDINGS NV SHShistory →COMMON4.84%$18M172.5K
9SWKHSWK HLDGS CORP COMhistory →COMMON3.78%$14M791.7K
10BankFinancial CorpCOMMON3.63%$13M1.04M
11PROVIDENT BANCORP INCCOMMON3.59%$13M1.14M
12RBKBRHINEBECK BANCORP INChistory →COMMON2.79%$10M1.03M
13EBCEASTERN BANKSHARES INChistory →COMMON2.28%$8M506.0K
14PKBKPARKE BANCORP INChistory →COMMON2.27%$8M437.9K
15PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON1.76%$6M438.2K
16MGYRMAGYAR BANCORP INC COMhistory →COMMON1.65%$6M433.2K
17Brookline Bancorp IncCOMMON1.44%$5M481.2K
18TSBKTIMBERLAND BANCORP INChistory →COMMON1.41%$5M170.5K
19FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON1.21%$4M93.6K
20BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.04%$4M494.6K
21ALRSALERUS FINANCIAL CORPCOMMON0.95%$3M187.4K
22OVLYOAK VALLEY BANCORPCOMMON0.84%$3M122.4K
23SSBISUMMIT STATE BANKCOMMON0.76%$3M301.4K
24CBFVCB FINL SVCS INC COMCOMMON0.76%$3M97.5K
25LAKE SHORE BANCORP INC COMCOMMON0.56%$2M129.1K
26AIRAAR CorpCOMMON0.53%$2M34.5K
27BYFCBROADWAY FINANCIAL CORP/DECOMMON0.53%$2M267.2K
28SHF HOLDINGS INCCOMMON0.33%$1M278.3K
29CPBICENTRAL PLAINS BANCSHARES INCOMMON0.23%$828,00055.5K
30NSTSNSTS BANCORP INCCOMMON0.12%$453,00040.1K
31FBLAFB BANCORP INCCOMMON0.04%$130,00011.6K

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 ↗
Q4 2018$108M38Jan 30, 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 ↗.