# M3F, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1511291. Source: https://holderbook.com/funds/1511291-m3f-inc/

- Reported value: $422.2M
- Positions: 22
- Weight of the ten largest: 85.5%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| WILLIS LEASE FIN CORP | [WLFC](https://holderbook.com/stocks/WLFC/) | $151.5M | 661,998 | 35.9% | 31 |
| PONCE FINANCIAL GROUP INC | [PDLB](https://holderbook.com/stocks/PDLB/) | $33.9M | 1,698,960 | 8.0% | 18 |
| PIONEER BANCORP INC MD | [PBFS](https://holderbook.com/stocks/PBFS/) | $31.1M | 1,821,973 | 7.4% | 28 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $29.4M | 202,000 | 7.0% | 6 |
| AERSALE CORPORATION | [ASLE](https://holderbook.com/stocks/ASLE/) | $28.1M | 4,439,008 | 6.6% | 7 |
| NI HLDGS INC | [NODK](https://holderbook.com/stocks/NODK/) | $24.4M | 1,552,020 | 5.8% | 31 |
| SECURITY NATL FINL CORP | [SNFCA](https://holderbook.com/stocks/SNFCA/) | $20.4M | 2,108,648 | 4.8% | 31 |
| GREEN DOT CORP | [GDOT](https://holderbook.com/stocks/GDOT/) | $16.4M | 1,214,680 | 3.9% | 2 |
| ALERUS FINL CORP | [ALRS](https://holderbook.com/stocks/ALRS/) | $13.0M | 417,108 | 3.1% | 7 |
| NORTHFIELD BANCORP INC DEL | [NFBK](https://holderbook.com/stocks/NFBK/) | $12.8M | 869,575 | 3.0% | 2 |
| RHINEBECK BANCORP INC | [RBKB](https://holderbook.com/stocks/RBKB/) | $9.6M | 552,076 | 2.3% | 25 |
| PARKE BANCORP INC | [PKBK](https://holderbook.com/stocks/PKBK/) | $9.4M | 282,593 | 2.2% | 19 |
| OPPFI INC | [OPFI](https://holderbook.com/stocks/OPFI/) | $7.6M | 764,445 | 1.8% | 1 |
| CB FINL SVCS INC | [CBFV](https://holderbook.com/stocks/CBFV/) | $6.5M | 171,696 | 1.5% | 7 |
| BROADWAY FINL CORP DEL | [BYFC](https://holderbook.com/stocks/BYFC/) | $5.3M | 547,529 | 1.3% | 10 |
| MAGYAR BANCORP INC | [MGYR](https://holderbook.com/stocks/MGYR/) | $5.0M | 286,394 | 1.2% | 20 |
| SUMMIT ST BK SANTA ROSA CALI | [SSBI](https://holderbook.com/stocks/SSBI/) | $4.8M | 354,229 | 1.1% | 7 |
| FIRST NORTHN CMNTY BANCORP | [FNRN](https://holderbook.com/stocks/FNRN/) | $4.4M | 244,872 | 1.0% | 1 |
| PROVIDENT FINL HLDGS INC | [PROV](https://holderbook.com/stocks/PROV/) | $4.1M | 239,094 | 1.0% | 31 |
| BOGOTA FINL CORP | [BSBK](https://holderbook.com/stocks/BSBK/) | $3.8M | 423,562 | 0.9% | 26 |
| WASHINGTON TR BANCORP INC | [WASH](https://holderbook.com/stocks/WASH/) | $700.0K | 19,199 | 0.2% | 3 |
| SHF HOLDINGS INC | [SHFS](https://holderbook.com/stocks/SHFS/) | $74.0K | 308,000 | 0.0% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +19.0% | +14.8% | +4.2% | 96% |
| Q1 2026 | +7.9% | -4.6% | +12.6% | 98% |
| Q4 2025 | +3.1% | +2.4% | +0.8% | 100% |
| Q3 2025 | +4.8% | +7.8% | -3.1% | 98% |
| Q2 2025 | -1.5% | +10.5% | -11.9% | 100% |
| Q1 2025 | -7.7% | -4.6% | -3.2% | 98% |
| Q4 2024 | +16.1% | +2.1% | +14.0% | 97% |
| Q3 2024 | +31.5% | +5.4% | +26.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $422.2M | 22 |
| Q1 2026 | $403.5M | 28 |
| Q4 2025 | $364.1M | 25 |
| Q3 2025 | $352.9M | 28 |
| Q2 2025 | $354.5M | 30 |
| Q1 2025 | $363.8M | 31 |
| Q4 2024 | $345.9M | 29 |
| Q3 2024 | $324.6M | 29 |
| Q2 2024 | $270.2M | 34 |
| Q1 2024 | $282.5M | 37 |
| Q4 2023 | $314.9M | 37 |
| Q3 2023 | $299.2M | 42 |