M3F, Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), M3F, Inc. reported 34 stock positions worth $270.2 million. Its top holding was Willis Lease Finance (WLFC) at 15.9% of the portfolio, followed by Pioneer Bancorp (PBFS, 7.7%) and Ponce Financial (PDLB, 7.6%). Compared with Q1 2024, it opened 1 new position, sold out of 4, added to 13 and reduced 16. The biggest buy was a new position in Brookline Bancorp and the biggest sale an exit from National Western Life Grou-A (NWLI).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001511291
- Portfolio Value
- $270.2M (Q2 2024)
- SEC Filing
- 0001511291-24-000003 ↗ filed Aug 13, 2024
Holdings Value
Holdings 34 stocks · $270.2M
| WLFC Willis Lease Finance Corp. | 15.95% | 621,729 | $43.1M | Reduce -1.8% |
| PBFS Pioneer Bancorp Inc. | 7.74% | 2,089,687 | $20.9M | Add +10.3% |
| PDLB Ponce Financial Group Inc. | 7.56% | 2,235,295 | $20.4M | Add +3.3% |
| SNFCA Security Natl Finl Corp. Class A | 5.21% | 1,760,968 | $14.1M | Reduce -5.0% |
| SWKH SWK Holdings Corp. filed as SWK HLDGS CORP | 5.04% | 802,232 | $13.6M | Add +12.5% |
| PVBC Provident Bancorp Inc. | 4.82% | 1,278,725 | $13.0M | Reduce -16.2% |
| EBC Eastern Bankshares Inc. | 4.72% | 912,126 | $12.8M | Reduce -7.1% |
| BFIN Bankfinancial Corp. | 4.62% | 1,214,059 | $12.5M | Add +5.0% |
| WFC Wells Fargo & Co. | 4.40% | 200,000 | $11.9M | Reduce -23.1% |
| PKBK Parke Bancorp Inc. | 3.46% | 536,920 | $9.3M | Reduce -1.2% |
| RBKB Rhinebeck Bancorp Inc. | 3.14% | 1,077,953 | $8.5M | Add +0.6% |
| BROOKLINE BANCORP INC | 3.03% | 979,301 | $8.2M | New |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 3.01% | 530,981 | $8.1M | Add +4.2% |
| FBIZ First Business Financial Ser | 2.99% | 218,082 | $8.1M | Reduce -1.2% |
| SPFI South Plains Financial Inc. | 2.81% | 281,667 | $7.6M | Reduce -4.0% |
| HMNF HMN Financial Inc. | 2.78% | 328,132 | $7.5M | Reduce -0.9% |
| PROV Provident Financial Hldgs | 2.75% | 594,692 | $7.4M | Reduce -2.8% |
| MGYR Magyar Bancorp Inc. | 2.38% | 571,292 | $6.4M | No change |
| TSBK Timberland Bancorp Inc. | 2.21% | 220,741 | $6.0M | Add +1.1% |
| NECB Northeast Community Bancorp | 1.75% | 264,665 | $4.7M | Reduce -18.3% |
| SFBC Sound Financial Bancorp Inc. | 1.50% | 93,969 | $4.0M | Reduce -3.4% |
| BSBK Bogota Financial Corp. | 1.24% | 497,390 | $3.3M | No change |
| OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF | 1.22% | 132,245 | $3.3M | No change |
| SHF HOLDINGS INC | 1.09% | 5,504,882 | $3.0M | Add +3.0% |
| FINW Finwise Bancorp | 1.05% | 278,646 | $2.8M | Add +403.6% |
| EBTC Enterprise Bancorp Inc. | 0.92% | 99,529 | $2.5M | Add +2.2% |
| CPBI Central Plains Bancshares Inc. | 0.51% | 136,453 | $1.4M | Add +10.2% |
| LSBK Lake Shore Bancorp Inc. | 0.51% | 110,126 | $1.4M | Reduce -12.3% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.45% | 148,249 | $1.2M | Add +13.7% |
| PBHC Pathfinder Bancorp Inc. | 0.38% | 77,265 | $1.0M | No change |
| SRBK Sr Bancorp Inc. | 0.26% | 76,621 | $709K | Reduce -0.6% |
| FSEA First Seacoast Bancorp Inc. | 0.20% | 59,177 | $530K | Reduce -76.6% |
| BYFC Broadway Financial Corp. | 0.17% | 89,959 | $462K | Add +161.7% |
| ISTR Investar Holding Corp. | 0.14% | 25,000 | $385K | Reduce -85.0% |
Portfolio Sells Q1 2024 → Q2 2024
| NWLI National Western Life Grou-A | Sold out | 0.00% | −5.54 |
| COLB Columbia Banking System Inc. | Sold out | 0.00% | −3.12 |
| WFC Wells Fargo & Co. | Reduce -23.1% | 4.40% | −0.94 |
| ISTR Investar Holding Corp. | Reduce -85.0% | 0.14% | −0.82 |
| ICCH Icc Holdings Inc. | Sold out | 0.00% | −0.61 |
| FSEA First Seacoast Bancorp Inc. | Reduce -76.6% | 0.20% | −0.55 |
| CWBC Community West Bancshares | Sold out | 0.00% | −0.45 |
| PROV Provident Financial Hldgs | Reduce -2.8% | 2.75% | −0.15 |
| PVBC Provident Bancorp Inc. | Reduce -16.2% | 4.82% | −0.09 |
| EBC Eastern Bankshares Inc. | Reduce -7.1% | 4.72% | −0.07 |
| NECB Northeast Community Bancorp | Reduce -18.3% | 1.75% | −0.06 |
| LSBK Lake Shore Bancorp Inc. | Reduce -12.3% | 0.51% | −0.01 |
| SRBK Sr Bancorp Inc. | Reduce -0.6% | 0.26% | +0.00 |
| SNFCA Security Natl Finl Corp. Class A | Reduce -5.0% | 5.21% | +0.02 |
| SPFI South Plains Financial Inc. | Reduce -4.0% | 2.81% | +0.03 |
| FBIZ First Business Financial Ser | Reduce -1.2% | 2.99% | +0.06 |
| SFBC Sound Financial Bancorp Inc. | Reduce -3.4% | 1.50% | +0.09 |
| PKBK Parke Bancorp Inc. | Reduce -1.2% | 3.46% | +0.14 |
| HMNF HMN Financial Inc. | Reduce -0.9% | 2.78% | +0.31 |
| WLFC Willis Lease Finance Corp. | Reduce -1.8% | 15.95% | +4.83 |
Portfolio Buys Q1 2024 → Q2 2024
| BROOKLINE BANCORP INC | New | 3.03% | +3.03 |
| PBFS Pioneer Bancorp Inc. | Add +10.3% | 7.74% | +1.16 |
| FINW Finwise Bancorp | Add +403.6% | 1.05% | +0.86 |
| PDLB Ponce Financial Group Inc. | Add +3.3% | 7.56% | +0.75 |
| SWKH SWK Holdings Corp. | Add +12.5% | 5.04% | +0.65 |
| BFIN Bankfinancial Corp. | Add +5.0% | 4.62% | +0.33 |
| NODK Ni Holdings Inc. | Add +4.2% | 3.01% | +0.27 |
| BCOW 1895 Bancorp of Wisconsin Inc. | Add +13.7% | 0.45% | +0.13 |
| TSBK Timberland Bancorp Inc. | Add +1.1% | 2.21% | +0.13 |
| BYFC Broadway Financial Corp. | Add +161.7% | 0.17% | +0.10 |
| CPBI Central Plains Bancshares Inc. | Add +10.2% | 0.51% | +0.06 |
| EBTC Enterprise Bancorp Inc. | Add +2.2% | 0.92% | +0.02 |
| RBKB Rhinebeck Bancorp Inc. | Add +0.6% | 3.14% | −0.07 |
| SHF HOLDINGS INC | Add +3.0% | 1.09% | −0.73 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 22 | $422.2M | WLFC, PDLB, PBFS, AER, ASLE |
| Q1 2026 | 28 | $403.5M | WLFC, PDLB, AER, PBFS, ASLE |
| Q4 2025 | 25 | $364.1M | WLFC, PDLB, AER, AL, PBFS |
| Q3 2025 | 28 | $352.9M | WLFC, PDLB, AL, AER, PBFS |
| Q2 2025 | 30 | $354.5M | WLFC, PDLB, AL, PBFS, SNFCA |
| Q1 2025 | 31 | $363.8M | WLFC, PDLB, PBFS, SNFCA, ASLE |
| Q4 2024 | 29 | $345.9M | WLFC, PDLB, PBFS, SNFCA, NODK |
| Q3 2024 | 29 | $324.6M | WLFC, PDLB, PBFS, SNFCA, NODK |
| Q2 2024 | 34 | $270.2M | WLFC, PBFS, PDLB, SNFCA, SWKH |
| Q1 2024 | 37 | $282.5M | WLFC, PDLB, PBFS, NWLI, WFC |