M3F, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), M3F, Inc. reported 30 stock positions worth $354.5 million. Its top holding was Willis Lease Finance (WLFC) at 22.8% of the portfolio, followed by Ponce Financial (PDLB, 9.0%) and Sumisho Air Lease (AL, 7.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 16 and reduced 11. The biggest buy was Sumisho Air Lease (AL, shares +10%) and the biggest sale an exit from Provident Bancorp (PVBC).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001511291
- Portfolio Value
- $354.5M (Q2 2025)
- SEC Filing
- 0001511291-25-000003 ↗ filed Aug 13, 2025
Holdings Value
Holdings 30 stocks · $354.5M
| WLFC Willis Lease Finance Corp. | 22.84% | 566,941 | $80.9M | Add +6.1% |
| PDLB Ponce Financial Group Inc. | 9.04% | 2,315,708 | $32.0M | Add +2.2% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 7.40% | 448,401 | $26.2M | Add +9.5% |
| PBFS Pioneer Bancorp Inc. | 7.09% | 2,090,442 | $25.1M | Reduce -9.9% |
| SNFCA Security Natl Finl Corp. Class A | 5.90% | 2,122,425 | $20.9M | Add +5.2% |
| ASLE Aersale Corp. | 5.89% | 3,472,920 | $20.9M | Add +11.3% |
| AER Aercap Holdings NV | 5.86% | 177,500 | $20.8M | Add +2.9% |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 5.26% | 1,463,721 | $18.6M | Add +3.8% |
| BFIN Bankfinancial Corp. | 3.48% | 1,065,272 | $12.3M | Add +2.0% |
| RBKB Rhinebeck Bancorp Inc. | 3.38% | 1,022,604 | $12.0M | Reduce -0.7% |
| SWKH SWK Holdings Corp. filed as SWK HLDGS CORP | 2.90% | 698,428 | $10.3M | Reduce -11.8% |
| PKBK Parke Bancorp Inc. | 2.52% | 437,909 | $8.9M | No change |
| EBC Eastern Bankshares Inc. | 2.10% | 487,760 | $7.4M | Reduce -3.6% |
| MGYR Magyar Bancorp Inc. | 1.86% | 395,189 | $6.6M | Reduce -8.8% |
| PROV Provident Financial Hldgs | 1.75% | 401,173 | $6.2M | Reduce -8.4% |
| TSBK Timberland Bancorp Inc. | 1.51% | 171,401 | $5.3M | Add +0.5% |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 1.41% | 175,358 | $5.0M | Add +79.8% |
| FBIZ First Business Financial Ser | 1.38% | 96,561 | $4.9M | Add +3.1% |
| ALRS Alerus Financial Corp. | 1.32% | 216,708 | $4.7M | Add +15.6% |
| BROOKLINE BANCORP INC | 1.25% | 420,926 | $4.4M | Reduce -12.5% |
| BSBK Bogota Financial Corp. | 1.09% | 495,035 | $3.9M | Add +0.1% |
| SSBI Summit State Bank | 1.08% | 352,850 | $3.8M | Add +17.1% |
| FBLA FB Bancorp Inc. | 1.00% | 313,730 | $3.5M | Add +2610.9% |
| OVLY Oak Valley Bancorp filed as OAK VY BANCORP OAKDALE CALIF | 0.87% | 113,840 | $3.1M | Reduce -7.0% |
| BYFC Broadway Financial Corp. | 0.70% | 344,222 | $2.5M | Add +28.8% |
| LSBK Lake Shore Bancorp Inc. | 0.47% | 106,527 | $1.7M | Reduce -17.5% |
| CPBI Central Plains Bancshares Inc. | 0.18% | 42,816 | $647K | Reduce -22.8% |
| SHFS SHF Holdings Inc. | 0.17% | 278,342 | $604K | New |
| WSBK Winchester Bancorp Inc. | 0.15% | 59,323 | $531K | New |
| NSTS NSTS Bancorp Inc. | 0.13% | 38,099 | $470K | Reduce -5.0% |
Portfolio Sells Q1 2025 → Q2 2025
| PVBC Provident Bancorp Inc. | Sold out | 0.00% | −3.59 |
| SWKH SWK Holdings Corp. | Reduce -11.8% | 2.90% | −0.88 |
| AIR Aar Corp. | Sold out | 0.00% | −0.53 |
| PBFS Pioneer Bancorp Inc. | Reduce -9.9% | 7.09% | −0.37 |
| SHF HOLDINGS INC | Sold out | 0.00% | −0.33 |
| BROOKLINE BANCORP INC | Reduce -12.5% | 1.25% | −0.19 |
| EBC Eastern Bankshares Inc. | Reduce -3.6% | 2.10% | −0.18 |
| LSBK Lake Shore Bancorp Inc. | Reduce -17.5% | 0.47% | −0.09 |
| CPBI Central Plains Bancshares Inc. | Reduce -22.8% | 0.18% | −0.04 |
| PROV Provident Financial Hldgs | Reduce -8.4% | 1.75% | −0.00 |
| NSTS NSTS Bancorp Inc. | Reduce -5.0% | 0.13% | +0.01 |
| OVLY Oak Valley Bancorp | Reduce -7.0% | 0.87% | +0.03 |
| MGYR Magyar Bancorp Inc. | Reduce -8.8% | 1.86% | +0.20 |
| RBKB Rhinebeck Bancorp Inc. | Reduce -0.7% | 3.38% | +0.60 |
Portfolio Buys Q1 2025 → Q2 2025
| AL Sumisho Air Lease Corp. | Add +9.5% | 7.40% | +1.96 |
| PDLB Ponce Financial Group Inc. | Add +2.2% | 9.04% | +1.15 |
| AER Aercap Holdings NV | Add +2.9% | 5.86% | +1.02 |
| FBLA FB Bancorp Inc. | Add +2610.9% | 1.00% | +0.96 |
| CBFV CB Financial Services Inc. | Add +79.8% | 1.41% | +0.65 |
| ALRS Alerus Financial Corp. | Add +15.6% | 1.32% | +0.37 |
| SSBI Summit State Bank | Add +17.1% | 1.08% | +0.31 |
| BYFC Broadway Financial Corp. | Add +28.8% | 0.70% | +0.18 |
| SHFS SHF Holdings Inc. | New | 0.17% | +0.17 |
| FBIZ First Business Financial Ser | Add +3.1% | 1.38% | +0.17 |
| WSBK Winchester Bancorp Inc. | New | 0.15% | +0.15 |
| TSBK Timberland Bancorp Inc. | Add +0.5% | 1.51% | +0.10 |
| BSBK Bogota Financial Corp. | Add +0.1% | 1.09% | +0.05 |
| BFIN Bankfinancial Corp. | Add +2.0% | 3.48% | −0.15 |
| NODK Ni Holdings Inc. | Add +3.8% | 5.26% | −0.26 |
| WLFC Willis Lease Finance Corp. | Add +6.1% | 22.84% | −0.36 |
| ASLE Aersale Corp. | Add +11.3% | 5.89% | −0.53 |
| SNFCA Security Natl Finl Corp. Class A | Add +5.2% | 5.90% | −0.81 |
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 |