SEC 13F Intelligence

Managers / Q2 2025 · view latest →

M3F, Inc.

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

Reported Value
$354M
Q2 2025
Positions
30
Filings on Record
29
2019–present window
Filed
Aug 13, 2025
original filing

Summary

M3f, Inc. reported $354M in U.S.-listed holdings across 30 positions for Q2 2025.

The portfolio is heavily concentrated: WLFC alone accounts for 22.8% of reported value.

Compared with Q1 2025, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+7.4%
vs prior filed quarter
Top-10 Concentration
+76.1%
share of reported value
Largest Position
+22.8%
Willis Lease Finance
New / Exited
2 / 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: 99.5%Other: 0.5%
  • Common Stock · 99.5% · $353M
  • Other · 0.5% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SHFSSHF HOLDINGS INCNEW+278.3K278.3K+$604,000$604,000
WSBKWINCHESTER BANCORP INCNEW+59.3K59.3K+$531,000$531,000
FBLAFB BANCORP INCADDED+302.2K313.7K+$3M$4M
PROVIDENT BANCORP INCSOLD OUT−1.14M0−$13M$0
AIRAAR CorpSOLD OUT−34.5K0−$2M$0
SHF HOLDINGS INCSOLD OUT−278.3K0−$1M$0
CBFVCB FINL SVCS INC COMADDED+77.8K175.4K+$2M$5M
BYFCBROADWAY FINANCIAL CORP/DEADDED+77.0K344.2K+$580,000$2M

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

Holdings — Q2 2025

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON22.84%$81M566.9K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON9.04%$32M2.32M
3ALAir Lease Corphistory →COMMON7.40%$26M448.4K
4PBFSPIONEER BANCORP INC/NYhistory →COMMON7.09%$25M2.09M
5SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.90%$21M2.12M
6ASLEAERSALE CORPhistory →COMMON5.89%$21M3.47M
7AERAERCAP HOLDINGS NV SHShistory →COMMON5.86%$21M177.5K
8NODKNI HOLDINGS INChistory →COMMON5.26%$19M1.46M
9BankFinancial CorpCOMMON3.48%$12M1.07M
10RBKBRHINEBECK BANCORP INChistory →COMMON3.38%$12M1.02M
11SWKHSWK HLDGS CORP COMhistory →COMMON2.90%$10M698.4K
12PKBKPARKE BANCORP INChistory →COMMON2.52%$9M437.9K
13EBCEASTERN BANKSHARES INChistory →COMMON2.10%$7M487.8K
14MGYRMAGYAR BANCORP INC COMhistory →COMMON1.86%$7M395.2K
15PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON1.75%$6M401.2K
16TSBKTIMBERLAND BANCORP INChistory →COMMON1.51%$5M171.4K
17CBFVCB FINL SVCS INC COMhistory →COMMON1.41%$5M175.4K
18FBIZFIRST BUS FINL SVCS INC WIS COMhistory →COMMON1.38%$5M96.6K
19ALRSALERUS FINANCIAL CORPhistory →COMMON1.32%$5M216.7K
20Brookline Bancorp IncCOMMON1.25%$4M420.9K
21BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.09%$4M495.0K
22SSBISUMMIT STATE BANKhistory →COMMON1.08%$4M352.9K
23FBLAFB BANCORP INCCOMMON1.00%$4M313.7K
24OVLYOAK VALLEY BANCORPCOMMON0.87%$3M113.8K
25BYFCBROADWAY FINANCIAL CORP/DECOMMON0.70%$2M344.2K
26LAKE SHORE BANCORP INC COMCOMMON0.47%$2M106.5K
27CPBICENTRAL PLAINS BANCSHARES INCOMMON0.18%$647,00042.8K
28SHFSSHF HOLDINGS INCCOMMON0.17%$604,000278.3K
29WSBKWINCHESTER BANCORP INCCOMMON0.15%$531,00059.3K
30NSTSNSTS BANCORP INCCOMMON0.13%$470,00038.1K

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 ↗.