M3F, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 28, 2026), M3F, Inc. reported 28 stock positions worth $403.5 million. Its top holding was Willis Lease Finance (WLFC) at 28.6% of the portfolio, followed by Ponce Financial (PDLB, 8.3%) and Aercap (AER, 8.1%). Compared with Q4 2025, it opened 5 new positions, sold out of 2, added to 10 and reduced 7. The biggest buy was a new position in Brighthouse Financial (BHF) and the biggest sale Sumisho Air Lease (AL, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- SALT LAKE CITY, UT
- CIK
- 0001511291
- Portfolio Value
- $403.5M (Q1 2026)
- SEC Filing
- 0001511291-26-000002 ↗ filed Apr 28, 2026
Holdings Value
Holdings 28 stocks · $403.5M
| WLFC Willis Lease Finance Corp. | 28.58% | 677,248 | $115.3M | No change |
| PDLB Ponce Financial Group Inc. | 8.30% | 2,003,960 | $33.5M | Add +8.0% |
| AER Aercap Holdings NV | 8.09% | 238,000 | $32.6M | Add +14.2% |
| PBFS Pioneer Bancorp Inc. | 7.15% | 2,071,973 | $28.8M | Add +1.9% |
| ASLE Aersale Corp. | 6.14% | 3,983,632 | $24.8M | Add +20.0% |
| NODK Ni Holdings Inc. filed as NI HLDGS INC | 5.28% | 1,652,020 | $21.3M | Add +7.9% |
| SNFCA Security Natl Finl Corp. Class A | 5.17% | 2,198,648 | $20.8M | Reduce -1.6% |
| SWKH SWK Holdings Corp. filed as SWK HLDGS CORP | 4.20% | 995,256 | $16.9M | Add +16.6% |
| BHF Brighthouse Financial Inc. | 4.16% | 280,000 | $16.8M | New |
| RBKB Rhinebeck Bancorp Inc. | 3.86% | 1,010,420 | $15.6M | Reduce -0.5% |
| NFBK Northfield Bancorp Inc. | 2.61% | 776,630 | $10.5M | New |
| ALRS Alerus Financial Corp. | 2.45% | 417,108 | $9.9M | Add +1.4% |
| PKBK Parke Bancorp Inc. | 2.34% | 332,876 | $9.5M | Reduce -2.1% |
| GDOT Green Dot Corp. Class A | 2.08% | 748,806 | $8.4M | New |
| CBFV CB Financial Services Inc. filed as CB FINL SVCS INC | 1.45% | 171,439 | $5.9M | Add +4.5% |
| WASH Washington Trust Bancorp | 1.38% | 166,485 | $5.6M | No change |
| MGYR Magyar Bancorp Inc. | 1.22% | 283,894 | $4.9M | Add +1.3% |
| SSBI Summit State Bank | 1.17% | 354,229 | $4.7M | No change |
| PROV Provident Financial Hldgs | 1.14% | 284,594 | $4.6M | Reduce -5.0% |
| BSBK Bogota Financial Corp. | 1.04% | 493,732 | $4.2M | No change |
| BYFC Broadway Financial Corp. | 0.85% | 474,685 | $3.4M | Add +3.5% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.63% | 39,051 | $2.5M | Reduce -91.3% |
| FBIZ First Business Financial Ser | 0.40% | 29,685 | $1.6M | Reduce -49.6% |
| WSBK Winchester Bancorp Inc. | 0.08% | 24,586 | $312K | Reduce -82.9% |
| NSTS NSTS Bancorp Inc. | 0.08% | 26,664 | $311K | No change |
| SHFS SHF Holdings Inc. | 0.06% | 308,000 | $256K | No change |
| VABK Virginia National Bankshares | 0.05% | 5,769 | $220K | New |
| AUBN Auburn Natl Bancorporation | 0.05% | 9,151 | $218K | New |
Portfolio Sells Q4 2025 → Q1 2026
| AL Sumisho Air Lease Corp. | Reduce -91.3% | 0.63% | −7.28 |
| BFIN Bankfinancial Corp. | Sold out | 0.00% | −1.62 |
| AVBC Avidia Bancorp Inc. | Sold out | 0.00% | −1.03 |
| FBIZ First Business Financial Ser | Reduce -49.6% | 0.40% | −0.48 |
| SNFCA Security Natl Finl Corp. Class A | Reduce -1.6% | 5.17% | −0.36 |
| WSBK Winchester Bancorp Inc. | Reduce -82.9% | 0.08% | −0.34 |
| PROV Provident Financial Hldgs | Reduce -5.0% | 1.14% | −0.17 |
| PKBK Parke Bancorp Inc. | Reduce -2.1% | 2.34% | +0.00 |
| RBKB Rhinebeck Bancorp Inc. | Reduce -0.5% | 3.86% | +0.51 |
Portfolio Buys Q4 2025 → Q1 2026
| BHF Brighthouse Financial Inc. | New | 4.16% | +4.16 |
| NFBK Northfield Bancorp Inc. | New | 2.61% | +2.61 |
| GDOT Green Dot Corp. Class A | New | 2.08% | +2.08 |
| SWKH SWK Holdings Corp. | Add +16.6% | 4.20% | +0.16 |
| VABK Virginia National Bankshares | New | 0.05% | +0.05 |
| AUBN Auburn Natl Bancorporation | New | 0.05% | +0.05 |
| PDLB Ponce Financial Group Inc. | Add +8.0% | 8.30% | −0.04 |
| BYFC Broadway Financial Corp. | Add +3.5% | 0.85% | −0.08 |
| ALRS Alerus Financial Corp. | Add +1.4% | 2.45% | −0.09 |
| MGYR Magyar Bancorp Inc. | Add +1.3% | 1.22% | −0.11 |
| CBFV CB Financial Services Inc. | Add +4.5% | 1.45% | −0.12 |
| AER Aercap Holdings NV | Add +14.2% | 8.09% | −0.14 |
| NODK Ni Holdings Inc. | Add +7.9% | 5.28% | −0.32 |
| ASLE Aersale Corp. | Add +20.0% | 6.14% | −0.34 |
| PBFS Pioneer Bancorp Inc. | Add +1.9% | 7.15% | −0.38 |
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 |