SEC 13F Intelligence

Managers / Q3 2025 · view latest →

M3F, Inc.

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

Reported Value
$353M
Q3 2025
Positions
28
Filings on Record
29
2019–present window
Filed
Nov 12, 2025
original filing

Summary

M3f, Inc. reported $353M in U.S.-listed holdings across 28 positions for Q3 2025.

The portfolio is heavily concentrated: WLFC alone accounts for 23.5% of reported value.

Compared with Q2 2025, the fund opened 3 new positions and exited 5.

Portfolio Metrics

Turnover
+7.7%
vs prior filed quarter
Top-10 Concentration
+79.7%
share of reported value
Largest Position
+23.5%
Willis Lease Finance
New / Exited
3 / 5
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: 100.0%
  • Common Stock · 100.0% · $353M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AVBCAVIDIA BANCORP INCNEW+328.8K328.8K+$5M$5M
BBTBEACON FINANCIAL CORPNEW+133.1K133.1K+$3M$3M
LSBKLAKE SHORE BANCORP INC/MDNEW+74.8K74.8K+$972,000$972,000
EBCEASTERN BANKSHARES INCSOLD OUT−487.8K0−$7M$0
TSBKTIMBERLAND BANCORP INCSOLD OUT−171.4K0−$5M$0
Brookline Bancorp IncSOLD OUT−420.9K0−$4M$0
OVLYOAK VALLEY BANCORPSOLD OUT−113.8K0−$3M$0
LAKE SHORE BANCORP INC COMSOLD OUT−106.5K0−$2M$0

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

Holdings — Q3 2025

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON23.54%$83M606.0K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON9.40%$33M2.26M
3ALAir Lease Corphistory →COMMON8.44%$30M467.9K
4AERAERCAP HOLDINGS NV SHShistory →COMMON7.15%$25M208.5K
5PBFSPIONEER BANCORP INC/NYhistory →COMMON6.97%$25M1.88M
6ASLEAERSALE CORPhistory →COMMON6.48%$23M2.79M
7NODKNI HOLDINGS INChistory →COMMON5.63%$20M1.46M
8SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.49%$19M2.23M
9BankFinancial CorpCOMMON3.41%$12M1.00M
10RBKBRHINEBECK BANCORP INChistory →COMMON3.21%$11M997.8K
11SWKHSWK HLDGS CORP COMhistory →COMMON3.02%$11M733.2K
12PKBKPARKE BANCORP INChistory →COMMON2.35%$8M384.2K
13ALRSALERUS FINANCIAL CORPhistory →COMMON1.65%$6M262.4K
14PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON1.63%$6M366.0K
15MGYRMAGYAR BANCORP INC COMhistory →COMMON1.62%$6M330.7K
16CBFVCB FINL SVCS INC COMhistory →COMMON1.54%$5M164.0K
17AVBCAVIDIA BANCORP INChistory →COMMON1.39%$5M328.8K
18BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.27%$4M493.7K
19SSBISUMMIT STATE BANKhistory →COMMON1.20%$4M354.2K
20FBIZFIRST BUS FINL SVCS INC WIS COMCOMMON0.97%$3M66.5K
21BBTBEACON FINANCIAL CORPCOMMON0.89%$3M133.1K
22FBLAFB BANCORP INCCOMMON0.87%$3M254.8K
23BYFCBROADWAY FINANCIAL CORP/DECOMMON0.83%$3M409.7K
24LSBKLAKE SHORE BANCORP INC/MDCOMMON0.28%$972,00074.8K
25SHFSSHF HOLDINGS INCCOMMON0.23%$802,000111.9K
26WSBKWINCHESTER BANCORP INCCOMMON0.22%$788,00082.6K
27CPBICENTRAL PLAINS BANCSHARES INCOMMON0.19%$684,00042.3K
28NSTSNSTS BANCORP INCCOMMON0.12%$440,00038.1K

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 ↗.