M3F, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), M3F, Inc. reported 29 stock positions worth $324.6 million. Its top holding was Willis Lease Finance (WLFC) at 26.1% of the portfolio, followed by Ponce Financial (PDLB, 8.2%) and Pioneer Bancorp (PBFS, 7.8%). Compared with Q2 2024, it opened 1 new position, sold out of 6, added to 8 and reduced 17. The biggest buy was Ni (NODK, shares +107%) and the biggest sale South Plains Financial (SPFI, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001511291
- Portfolio Value
- $324.6M (Q3 2024)
- SEC Filing
- 0001511291-24-000004 ↗ filed Nov 13, 2024
Holdings Value
Holdings 29 stocks · $324.6M
| WLFC Willis Lease Finance Corp. | 26.10% | 569,229 | $84.7M | Reduce -8.4% |
| PDLB Ponce Financial Group Inc. | 8.15% | 2,263,395 | $26.5M | Add +1.3% |
| PBFS Pioneer Bancorp Inc. | 7.83% | 2,316,593 | $25.4M | Add +10.9% |
| SNFCA Security Natl Finl Corp. Class A | 5.81% | 2,050,000 | $18.9M | Add +16.4% |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 5.30% | 1,097,014 | $17.2M | Add +106.6% |
| BFIN Bankfinancial Corp. | 4.55% | 1,212,983 | $14.8M | Reduce -0.1% |
| SWKH SWK Holdings Corp. filed as SWK HLDGS CORP | 4.16% | 780,872 | $13.5M | Reduce -2.7% |
| PVBC Provident Bancorp Inc. | 4.13% | 1,243,158 | $13.4M | Reduce -2.8% |
| WFC Wells Fargo & Co. | 3.48% | 200,000 | $11.3M | No change |
| EBC Eastern Bankshares Inc. | 3.42% | 677,867 | $11.1M | Reduce -25.7% |
| PKBK Parke Bancorp Inc. | 3.20% | 496,487 | $10.4M | Reduce -7.5% |
| RBKB Rhinebeck Bancorp Inc. | 3.07% | 1,075,698 | $9.9M | Reduce -0.2% |
| HMNF HMN Financial Inc. | 2.82% | 327,555 | $9.1M | Reduce -0.2% |
| BROOKLINE BANCORP INC | 2.47% | 794,305 | $8.0M | Reduce -18.9% |
| PROV Provident Financial Hldgs | 2.21% | 500,000 | $7.2M | Reduce -15.9% |
| FBIZ First Business Financial Ser | 2.17% | 154,301 | $7.0M | Reduce -29.3% |
| TSBK Timberland Bancorp Inc. | 1.99% | 213,116 | $6.4M | Reduce -3.5% |
| MGYR Magyar Bancorp Inc. | 1.76% | 463,042 | $5.7M | Reduce -18.9% |
| FINW Finwise Bancorp | 1.29% | 268,737 | $4.2M | Reduce -3.6% |
| BSBK Bogota Financial Corp. | 1.26% | 494,986 | $4.1M | Reduce -0.5% |
| OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF | 1.10% | 133,984 | $3.6M | Add +1.3% |
| SHF HOLDINGS INC | 0.94% | 5,533,478 | $3.1M | Add +0.5% |
| CPBI Central Plains Bancshares Inc. | 0.69% | 179,269 | $2.3M | Add +31.4% |
| BCOW 1895 Bancorp of Wisconsin Inc. | 0.46% | 148,249 | $1.5M | No change |
| LSBK Lake Shore Bancorp Inc. | 0.46% | 110,126 | $1.5M | No change |
| SPFI South Plains Financial Inc. | 0.41% | 39,540 | $1.3M | Reduce -86.0% |
| BYFC Broadway Financial Corp. | 0.32% | 159,151 | $1.0M | Add +76.9% |
| CLST Catalyst Bancorp Inc. | 0.24% | 68,364 | $779K | New |
| SRBK Sr Bancorp Inc. | 0.22% | 63,577 | $709K | Reduce -17.0% |
Portfolio Sells Q2 2024 → Q3 2024
| SPFI South Plains Financial Inc. | Reduce -86.0% | 0.41% | −2.40 |
| NECB Northeast Community Bancorp | Sold out | 0.00% | −1.75 |
| SFBC Sound Financial Bancorp Inc. | Sold out | 0.00% | −1.50 |
| EBC Eastern Bankshares Inc. | Reduce -25.7% | 3.42% | −1.30 |
| EBTC Enterprise Bancorp Inc. | Sold out | 0.00% | −0.92 |
| SWKH SWK Holdings Corp. | Reduce -2.7% | 4.16% | −0.89 |
| FBIZ First Business Financial Ser | Reduce -29.3% | 2.17% | −0.82 |
| PVBC Provident Bancorp Inc. | Reduce -2.8% | 4.13% | −0.69 |
| MGYR Magyar Bancorp Inc. | Reduce -18.9% | 1.76% | −0.62 |
| BROOKLINE BANCORP INC | Reduce -18.9% | 2.47% | −0.56 |
| PROV Provident Financial Hldgs | Reduce -15.9% | 2.21% | −0.54 |
| PBHC Pathfinder Bancorp Inc. | Sold out | 0.00% | −0.38 |
| PKBK Parke Bancorp Inc. | Reduce -7.5% | 3.20% | −0.26 |
| TSBK Timberland Bancorp Inc. | Reduce -3.5% | 1.99% | −0.23 |
| FSEA First Seacoast Bancorp Inc. | Sold out | 0.00% | −0.20 |
| ISTR Investar Holding Corp. | Sold out | 0.00% | −0.14 |
| BFIN Bankfinancial Corp. | Reduce -0.1% | 4.55% | −0.07 |
| RBKB Rhinebeck Bancorp Inc. | Reduce -0.2% | 3.07% | −0.07 |
| SRBK Sr Bancorp Inc. | Reduce -17.0% | 0.22% | −0.04 |
| BSBK Bogota Financial Corp. | Reduce -0.5% | 1.26% | +0.03 |
| HMNF HMN Financial Inc. | Reduce -0.2% | 2.82% | +0.04 |
| FINW Finwise Bancorp | Reduce -3.6% | 1.29% | +0.24 |
| WLFC Willis Lease Finance Corp. | Reduce -8.4% | 26.10% | +10.15 |
Portfolio Buys Q2 2024 → Q3 2024
| NODK Ni Holdings Inc. | Add +106.6% | 5.30% | +2.29 |
| SNFCA Security Natl Finl Corp. Class A | Add +16.4% | 5.81% | +0.60 |
| PDLB Ponce Financial Group Inc. | Add +1.3% | 8.15% | +0.59 |
| CLST Catalyst Bancorp Inc. | New | 0.24% | +0.24 |
| CPBI Central Plains Bancshares Inc. | Add +31.4% | 0.69% | +0.18 |
| BYFC Broadway Financial Corp. | Add +76.9% | 0.32% | +0.14 |
| PBFS Pioneer Bancorp Inc. | Add +10.9% | 7.83% | +0.09 |
| OVLY Oak Valley Bancorp | Add +1.3% | 1.10% | −0.13 |
| SHF HOLDINGS INC | Add +0.5% | 0.94% | −0.15 |
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 |