MI

M3F, Inc.

Momentum followerQuality / disciplined sizing

Total reported value

$403.5M

Reporting period: 2026-03-31 · Number of holdings: 28

M3F, Inc. disclosed 28 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $403.5M and a quarterly turnover rate of 30.6%.

Personality snowflake

Concentration
47.09
Portfolio Stability
30.58
Momentum/Contrarian
100
Sector conviction
0
Diversification
56
Sizing Uniformity
84.57

Recent moves

  • Trim AL

    -91.3%　-$26.3M

  • Add WLFC

    0.0%　$23.4M

  • Add RBKB

    -0.5%　$3.4M

  • Trim FBIZ

    -49.6%　-$1.6M

  • Trim PBFS

    +1.9%　$1.4M

  • Trim SNFCA

    -1.6%　$718.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1WLFCWillis Lease Finance CORPStock-Other28.58%+3.35%—
2PDLBPonce Financial Group INCStock-Other8.30%-0.03%+7.97%
3AERAerCap Holdings N.V.Stock-Industrials8.09%-0.14%+14.15%
4PBFSPioneer Bancorp Inc/nyStock-Other7.15%-0.38%+1.87%
5ASLEAersale CORPStock-Other6.14%-0.34%+20.02%
6NODKNi Holdings INCStock-Other5.28%-0.31%+7.90%
7SNFCASecurity Natl Finl Corp-cl AStock-Other5.17%-0.36%-1.57%
8SWKHSwk Holdings CORPStock-Other4.20%+0.17%+16.62%
9BHFBrighthouse Financial INCStock-Financials4.16%+4.16%NEW
10RBKBRhinebeck Bancorp INCStock-Other3.86%+0.51%-0.49%
11NFBKNorthfield Bancorp INCStock-Other2.61%+2.61%NEW
12ALRSAlerus Financial CORPStock-Other2.45%-0.09%+1.45%
13PKBKParke Bancorp INCStock-Other2.34%—-2.12%
14GDOTGreen Dot Corp-class AStock-Other2.08%+2.08%NEW
15CBFVCb Financial Services INCStock-Other1.45%-0.12%+4.53%
16WASHWashington Trust BancorpStock-Other1.38%+0.03%—
17MGYRMagyar Bancorp INCStock-Other1.22%-0.11%+1.26%
18SSBISummit State BankStock-Other1.17%+0.04%—
19PROVProvident Financial HldgsStock-Other1.14%-0.17%-5.01%
20BSBKBogota Financial CORPStock-Other1.04%-0.11%—
21BYFCBroadway Financial Corp/deStock-Other0.85%-0.08%+3.51%
22ALAir Lease CORPStock-Other0.63%-7.28%-91.29%
23FBIZFirst Business Financial SerStock-Other0.40%-0.48%-49.63%
24WSBKWinchester Bancorp INCStock-Other0.08%-0.33%-82.92%
25NSTSNsts Bancorp INCStock-Other0.08%-0.01%—
26SHFSShf Holdings INCStock-Other0.06%-0.03%—
27VABKVirginia National BanksharesStock-Other0.05%+0.05%NEW
28AUBNAuburn Natl BancorporationStock-Other0.05%+0.05%NEW

Holding changes this quarter

M3F, Inc.'s most significant position changes for 2026-03-31: New buy: Brighthouse Financial INC (BHF); New buy: Northfield Bancorp INC (NFBK); New buy: Green Dot Corp-class A (GDOT); Sold out: Bankfinancial CORP (BFINUSD); Sold out: Avidia Bancorp INC (AVBC).

Position changes disclosed by M3F, Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1WLFCWillis Lease Finance CORP+3.4%—Unchanged
2RBKBRhinebeck Bancorp INC+0.5%-0.49%Trim
3SWKHSwk Holdings CORP+0.2%+16.62%Add
4SSBISummit State Bank0%—Unchanged
5WASHWashington Trust Bancorp0%—Unchanged
6PKBKParke Bancorp INC—-2.12%Trim
7NSTSNsts Bancorp INC0%—Unchanged
8PDLBPonce Financial Group INC0%+7.97%Add
9SHFSShf Holdings INC0%—Unchanged
10BYFCBroadway Financial Corp/de-0.1%+3.51%Add
11ALRSAlerus Financial CORP-0.1%+1.45%Add
12MGYRMagyar Bancorp INC-0.1%+1.26%Add
13BSBKBogota Financial CORP-0.1%—Unchanged
14CBFVCb Financial Services INC-0.1%+4.53%Add
15AERAerCap Holdings N.V.-0.1%+14.15%Add
16PROVProvident Financial Hldgs-0.2%-5.01%Trim
17NODKNi Holdings INC-0.3%+7.90%Add
18WSBKWinchester Bancorp INC-0.3%-82.92%Trim
19ASLEAersale CORP-0.3%+20.02%Add
20SNFCASecurity Natl Finl Corp-cl A-0.4%-1.57%Trim
21PBFSPioneer Bancorp Inc/ny-0.4%+1.87%Add
22FBIZFirst Business Financial Ser-0.5%-49.63%Trim
23ALAir Lease CORP-7.3%-91.29%Trim
24BHFBrighthouse Financial INC—NEWNew buy
25NFBKNorthfield Bancorp INC—NEWNew buy
26GDOTGreen Dot Corp-class A—NEWNew buy
27BFINUSDBankfinancial CORP—EXITSold out
28AVBCAvidia Bancorp INC—EXITSold out
29VABKVirginia National Bankshares—NEWNew buy
30AUBNAuburn Natl Bancorporation—NEWNew buy

FAQ

What is M3F, Inc. and what type of investor is it?
M3F, Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $403.5M, spread across 28 disclosed positions.
What are M3F, Inc.'s largest equity positions?
Based on the latest 13F filing, M3F, Inc.'s top holdings by market value are: 1. Willis Lease Finance CORP (WLFC) — $115.3M (28.6%) 2. Ponce Financial Group INC (PDLB) — $33.5M (8.3%) 3. AerCap Holdings N.V. (AER) — $32.6M (8.1%) 4. Pioneer Bancorp Inc/ny (PBFS) — $28.8M (7.2%) 5. Aersale CORP (ASLE) — $24.8M (6.1%)
What changes did M3F, Inc. make in its most recent portfolio filing?
In the latest reported quarter, M3F, Inc. made 24 notable position adjustments: 5 new positions were initiated, 10 existing holdings were added to, 7 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Brighthouse Financial INC (BHF); New buy: Northfield Bancorp INC (NFBK); New buy: Green Dot Corp-class A (GDOT); Sold out: Bankfinancial CORP (BFINUSD); Sold out: Avidia Bancorp INC (AVBC)
What sectors does M3F, Inc. focus on?
M3F, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 66.1% • Financials: 33.9%