SEC 13F Intelligence

Managers / Q4 2025 · view latest →

M3F, Inc.

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

Reported Value
$364M
Q4 2025
Positions
25
Filings on Record
30
2019–present window
Filed
Feb 13, 2026
original filing

Summary

M3f, Inc. reported $364M in U.S.-listed holdings across 25 positions for Q4 2025.

The portfolio is heavily concentrated: WLFC alone accounts for 25.2% of reported value.

Compared with Q3 2025, the fund opened 1 new position and exited 4.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+82.2%
share of reported value
Largest Position
+25.2%
Willis Lease Finance
New / Exited
1 / 4
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: 100.0%
  • Common Stock · 100.0% · $364M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WASHWashington Trust Bancorp IncNEW+166.5K166.5K+$5M$5M
SHFSSHF HOLDINGS INCADDED+196.1K308.0K−$476,000$326,000
BBTBEACON FINANCIAL CORPSOLD OUT−133.1K0−$3M$0
FBLAFB BANCORP INCSOLD OUT−254.8K0−$3M$0
LSBKLAKE SHORE BANCORP INC/MDSOLD OUT−74.8K0−$972,000$0
CPBICENTRAL PLAINS BANCSHARES INSOLD OUT−42.3K0−$684,000$0
WSBKWINCHESTER BANCORP INCADDED+61.4K144.0K+$717,000$2M
ALRSALERUS FINANCIAL CORPADDED+148.8K411.2K+$3M$9M

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

Holdings — Q4 2025

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WLFCWillis Lease Finance Corphistory →COMMON25.23%$92M677.2K
2PDLBPONCE FINANCIAL GROUP INChistory →COMMON8.33%$30M1.86M
3AERAERCAP HOLDINGS NV SHShistory →COMMON8.23%$30M208.5K
4ALAir Lease Corphistory →COMMON7.91%$29M448.4K
5PBFSPIONEER BANCORP INC/NYhistory →COMMON7.53%$27M2.03M
6ASLEAERSALE CORPhistory →COMMON6.48%$24M3.32M
7NODKNI HOLDINGS INChistory →COMMON5.59%$20M1.53M
8SNFCASECURITY NATL FINL CORP CL A NEWhistory →COMMON5.53%$20M2.23M
9SWKHSWK HLDGS CORP COMhistory →COMMON4.03%$15M853.5K
10RBKBRHINEBECK BANCORP INChistory →COMMON3.35%$12M1.02M
11ALRSALERUS FINANCIAL CORPhistory →COMMON2.54%$9M411.2K
12PKBKPARKE BANCORP INChistory →COMMON2.34%$9M340.1K
13BankFinancial CorpCOMMON1.62%$6M491.7K
14CBFVCB FINL SVCS INC COMhistory →COMMON1.57%$6M164.0K
15WASHWashington Trust Bancorp Inchistory →COMMON1.35%$5M166.5K
16MGYRMAGYAR BANCORP INC COMhistory →COMMON1.33%$5M280.4K
17PROVPROVIDENT FINL HLDGS INC COMhistory →COMMON1.31%$5M299.6K
18BSBKBOGOTA FINANCIAL CORPhistory →COMMON1.15%$4M493.7K
19SSBISUMMIT STATE BANKhistory →COMMON1.13%$4M354.2K
20AVBCAVIDIA BANCORP INChistory →COMMON1.03%$4M222.4K
21BYFCBROADWAY FINANCIAL CORP/DECOMMON0.93%$3M458.6K
22FBIZFIRST BUS FINL SVCS INC WIS COMCOMMON0.88%$3M58.9K
23WSBKWINCHESTER BANCORP INCCOMMON0.41%$2M144.0K
24NSTSNSTS BANCORP INCCOMMON0.09%$345,00026.7K
25SHFSSHF HOLDINGS INCCOMMON0.09%$326,000308.0K

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 ↗.