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%.

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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

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	WLFC	Willis Lease Finance CORP	Stock-Other	28.58%	+3.35%	—
2	PDLB	Ponce Financial Group INC	Stock-Other	8.30%	-0.03%	+7.97%
3	AER	AerCap Holdings N.V.	Stock-Industrials	8.09%	-0.14%	+14.15%
4	PBFS	Pioneer Bancorp Inc/ny	Stock-Other	7.15%	-0.38%	+1.87%
5	ASLE	Aersale CORP	Stock-Other	6.14%	-0.34%	+20.02%
6	NODK	Ni Holdings INC	Stock-Other	5.28%	-0.31%	+7.90%
7	SNFCA	Security Natl Finl Corp-cl A	Stock-Other	5.17%	-0.36%	-1.57%
8	SWKH	Swk Holdings CORP	Stock-Other	4.20%	+0.17%	+16.62%
9	BHF	Brighthouse Financial INC	Stock-Financials	4.16%	+4.16%	NEW
10	RBKB	Rhinebeck Bancorp INC	Stock-Other	3.86%	+0.51%	-0.49%
11	NFBK	Northfield Bancorp INC	Stock-Other	2.61%	+2.61%	NEW
12	ALRS	Alerus Financial CORP	Stock-Other	2.45%	-0.09%	+1.45%
13	PKBK	Parke Bancorp INC	Stock-Other	2.34%	—	-2.12%
14	GDOT	Green Dot Corp-class A	Stock-Other	2.08%	+2.08%	NEW
15	CBFV	Cb Financial Services INC	Stock-Other	1.45%	-0.12%	+4.53%
16	WASH	Washington Trust Bancorp	Stock-Other	1.38%	+0.03%	—
17	MGYR	Magyar Bancorp INC	Stock-Other	1.22%	-0.11%	+1.26%
18	SSBI	Summit State Bank	Stock-Other	1.17%	+0.04%	—
19	PROV	Provident Financial Hldgs	Stock-Other	1.14%	-0.17%	-5.01%
20	BSBK	Bogota Financial CORP	Stock-Other	1.04%	-0.11%	—
21	BYFC	Broadway Financial Corp/de	Stock-Other	0.85%	-0.08%	+3.51%
22	AL	Air Lease CORP	Stock-Other	0.63%	-7.28%	-91.29%
23	FBIZ	First Business Financial Ser	Stock-Other	0.40%	-0.48%	-49.63%
24	WSBK	Winchester Bancorp INC	Stock-Other	0.08%	-0.33%	-82.92%
25	NSTS	Nsts Bancorp INC	Stock-Other	0.08%	-0.01%	—
26	SHFS	Shf Holdings INC	Stock-Other	0.06%	-0.03%	—
27	VABK	Virginia National Bankshares	Stock-Other	0.05%	+0.05%	NEW
28	AUBN	Auburn Natl Bancorporation	Stock-Other	0.05%	+0.05%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	28	$403.5M	31	1WLFC 2PDLB 3AER Top holdings2026-03-31 1.WLFC 2.PDLB 3.AER 4.PBFS 5.ASLE 6.NODK 7.SNFCA 8.SWKH 9.BHF 10.RBKB
2025-12-31	25	$364.1M	15	1WLFC 2PDLB 3AER Top holdings2025-12-31 1.WLFC 2.PDLB 3.AER 4.AL 5.PBFS 6.ASLE 7.NODK 8.SNFCA 9.SWKH 10.RBKB
2025-09-30	28	$352.9M	29	1WLFC 2PDLB 3AL Top holdings2025-09-30 1.WLFC 2.PDLB 3.AL 4.AER 5.PBFS 6.ASLE 7.NODK 8.SNFCA 9.BFINUSD 10.RBKB
2025-06-30	30	$354.5M	0	1WLFC 2PDLB 3AL Top holdings2025-06-30 1.WLFC 2.PDLB 3.AL 4.PBFS 5.SNFCA 6.ASLE 7.AER 8.NODK 9.BFINUSD 10.RBKB
2025-03-31	31	$363.8M	100	1WLFC 2PDLB 3PBFS Top holdings2025-03-31 1.WLFC 2.PDLB 3.PBFS 4.SNFCA 5.ASLE 6.NODK 7.AL 8.AER 9.SWKH 10.BFINUSD
2024-12-31	29	$345.9M	0	1WLFC 2PDLB 3PBFS Top holdings2024-12-31 1.WLFC 2.PDLB 3.PBFS 4.SNFCA 5.NODK 6.BFINUSD 7.PFS 8.SWKH 9.EBC 10.RBKB
2024-09-30	29	$324.6M	0	1WLFC 2PDLB 3PBFS Top holdings2024-09-30 1.WLFC 2.PDLB 3.PBFS 4.SNFCA 5.NODK 6.BFINUSD 7.SWKH 8.PFS 9.WFC 10.EBC
2024-06-30	34	$270.2M	0	1WLFC 2PBFS 3PDLB Top holdings2024-06-30 1.WLFC 2.PBFS 3.PDLB 4.SNFCA 5.SWKH 6.PFS 7.EBC 8.BFINUSD 9.WFC 10.PKBK
2024-03-31	37	$282.5M	0	1WLFC 2PDLB 3PBFS Top holdings2024-03-31 1.WLFC 2.PDLB 3.PBFS 4.NWLIEUR 5.WFC 6.SNFCA 7.PFS 8.EBC 9.SWKH 10.BFINUSD
2023-12-31	37	$314.9M	0	1WLFC 2NWLIEUR 3PDLB Top holdings2023-12-31 1.WLFC 2.NWLIEUR 3.PDLB 4.PBFS 5.WFC 6.SNFCA 7.PFS 8.SWKH 9.EBC 10.BFINUSD
2023-09-30	42	$299.2M	0	1NWLIEUR 2WLFC 3EBC Top holdings2023-09-30 1.NWLIEUR 2.WLFC 3.EBC 4.PDLB 5.PFS 6.PBFS 7.SNFCA 8.WFC 9.NECB 10.SWKH
2023-06-30	42	$318.2M	0	1NWLIEUR 2WLFC 3PDLB Top holdings2023-06-30 1.NWLIEUR 2.WLFC 3.PDLB 4.NECB 5.WFC 6.EBC 7.SNFCA 8.PBFS 9.PFS 10.SWKH
2023-03-31	39	$304.5M	0	1WLFC 2WFC 3NECB Top holdings2023-03-31 1.WLFC 2.WFC 3.NECB 4.PDLB 5.PBFS 6.MCB 7.SNFCA 8.EBC 9.SWKH 10.BFINUSD
2022-12-31	39	$327.0M	0	1WLFC 2NECB 3PDLB Top holdings2022-12-31 1.WLFC 2.NECB 3.PDLB 4.PBFS 5.MCB 6.SWKH 7.SNFCA 8.BFINUSD 9.NWLIEUR 10.PKBK
2022-09-30	42	$285.0M	0	1WLFC 2NECB 3PDLB Top holdings2022-09-30 1.WLFC 2.NECB 3.PDLB 4.PBFS 5.PFS 6.SWKH 7.BFINUSD 8.SNFCA 9.BSBK 10.WFC
2022-06-30	43	$307.9M	0	1WLFC 2NECB 3PDLB Top holdings2022-06-30 1.WLFC 2.NECB 3.PDLB 4.SNFCA 5.PBFS 6.BSBK 7.PFS 8.SWKH 9.BFINUSD 10.WFC
2022-03-31	45	$300.5M	0	1NECB 2SNFCA 3WLFC Top holdings2022-03-31 1.NECB 2.SNFCA 3.WLFC 4.PBFS 5.BSBK 6.HTH 7.SWKH 8.WFC 9.PROV 10.PFS
2021-12-31	44	$298.2M	0	1WFC 2SNFCA 3WLFC Top holdings2021-12-31 1.WFC 2.SNFCA 3.WLFC 4.NECB 5.PDLBUSD 6.EBC 7.BSBK 8.PFS 9.PBFS 10.SWKH
2021-09-30	52	$305.4M	0	1WFC 2WLFC 3NECB Top holdings2021-09-30 1.WFC 2.WLFC 3.NECB 4.SNFCA 5.PDLBUSD 6.PBFS 7.BSBK 8.PFS 9.EBC 10.PROV
2021-06-30	54	$282.0M	93	1WFC 2WLFC 3SNFCA Top holdings2021-06-30 1.WFC 2.WLFC 3.SNFCA 4.PFS 5.BSBK 6.PBFS 7.FRBKQ 8.PDLBUSD 9.PROV 10.BFINUSD
2021-03-31	44	$247.0M	33	1EBC 2WFC 3PFS Top holdings2021-03-31 1.EBC 2.WFC 3.PFS 4.WLFC 5.SNFCA 6.FRBKQ 7.PBFS 8.HTH 9.PROV 10.HTB
2020-12-31	43	$210.8M	53	1WFC 2EBC 3PFS Top holdings2020-12-31 1.WFC 2.EBC 3.PFS 4.SNFCA 5.FRBKQ 6.PBFS 7.CFG 8.HTH 9.PROV 10.WLFC
2020-09-30	50	$157.8M	36	1PFS 2CFG 3HTH Top holdings2020-09-30 1.PFS 2.CFG 3.HTH 4.SNFCA 5.WFC 6.FRBKQ 7.FITB 8.1S4 9.PBFS 10.PROV
2020-06-30	43	$135.0M	35	1CFG 2SNFCA 3FRBKQ Top holdings2020-06-30 1.CFG 2.SNFCA 3.FRBKQ 4.1S4 5.HTH 6.PFS 7.FITB 8.ALRS 9.UMBF 10.PROV
2020-03-31	46	$139.9M	53	1CFG 2HTH 3ALRS Top holdings2020-03-31 1.CFG 2.HTH 3.ALRS 4.FRBKQ 5.1S4 6.ZION 7.PFS 8.STND 9.SNFCA 10.PROV
2019-12-31	34	$128.2M	30	1ALRS 2PROV 3HTH Top holdings2019-12-31 1.ALRS 2.PROV 3.HTH 4.STND 5.FBIZ 6.SNFCA 7.CMA 8.PFS 9.CFG 10.WLFC
2019-09-30	35	$137.2M	53	11S4 2ALRS 3PROV Top holdings2019-09-30 1.1S4 2.ALRS 3.PROV 4.ZION 5.HTH 6.CFG 7.FBIZ 8.STND 9.WFC 10.CMA
2019-06-30	32	$116.8M	51	1CFG 2HTH 3PROV Top holdings2019-06-30 1.CFG 2.HTH 3.PROV 4.WFC 5.STND 6.FBIZ 7.70454T 8.ASRV 9.SNFCA 10.FUNC
2019-03-31	33	$112.6M	35	1HTH 2CFG 3PROV Top holdings2019-03-31 1.HTH 2.CFG 3.PROV 4.WFC 5.STL 6.70454T 7.FBIZ 8.ASRV 9.78425V 10.HONEUSD
2018-12-31	38	$108.4M	45	1CFG 2HTH378425V Top holdings2018-12-31 1.CFG 2.HTH 3.78425V 4.PROV 5.70454T 6.ASRV 7.STND 8.WFC 9.FBIZ 10.HONEUSD
2018-09-30	29	$103.9M	30	178425V2PROV 3FITB Top holdings2018-09-30 1.78425V 2.PROV 3.FITB 4.STND 5.70454T 6.CFG 7.ASRV 8.HONEUSD 9.FBIZ 10.HTH
2018-06-30	26	$92.5M	44	1PROV270454T3WFC Top holdings2018-06-30 1.PROV 2.70454T 3.WFC 4.STND 5.CFG 6.78425V 7.FITB 8.ASRV 9.HONEUSD 10.SFBC
2018-03-31	24	$86.2M	30	1FUNC 2PROV 3CFG Top holdings2018-03-31 1.FUNC 2.PROV 3.CFG 4.70454T 5.BPRNUSD 6.WFC 7.FITB 8.ASRV 9.PDLBUSD 10.HONEUSD
2017-12-31	24	$76.9M	51	1FUNC 2CFG 3BPRNUSD Top holdings2017-12-31 1.FUNC 2.CFG 3.BPRNUSD 4.ASRV 5.WFC 6.FITB 7.WLFC 8.70454T 9.PROV 10.752378
2017-09-30	31	$101.2M	34	1FUNC 2CFG 3FITB Top holdings2017-09-30 1.FUNC 2.CFG 3.FITB 4.WFC 5.130222 6.BPRNUSD 7.ASRV 8.MBCN 9.752378 10.70454T
2017-06-30	29	$91.1M	71	1FUNC 2CFG 3FITB Top holdings2017-06-30 1.FUNC 2.CFG 3.FITB 4.WFC 5.130222 6.MBCN 7.CHMG 8.752378 9.ASRV 10.PFBX
2017-03-31	32	$94.7M	32	1FUNC25960943CMA Top holdings2017-03-31 1.FUNC 2.596094 3.CMA 4.CFG 5.130222 6.ZION 7.CHMG 8.86181Q 9.752378 10.PFBX
2016-12-31	32	$112.8M	35	1CMA25960943CFG Top holdings2016-12-31 1.CMA 2.596094 3.CFG 4.ZION 5.FUNC 6.130222 7.AMRB 8.86181Q 9.CHMG 10.WNEB
2016-09-30	31	$101.5M	30	1CMA25960943ZION Top holdings2016-09-30 1.CMA 2.596094 3.ZION 4.FUNC 5.PUB2USD 6.130222 7.CFG 8.AMRB 9.67501R 10.86181Q
2016-06-30	37	$109.4M	44	1CMA 2ZION 3PUB2USD Top holdings2016-06-30 1.CMA 2.ZION 3.PUB2USD 4.596094 5.67501R 6.130222 7.CFG 8.AMRB 9.FUNC 10.ISBCUSD
2016-03-31	42	$103.4M	43	1WLFC 2PUB2USD 3ZION Top holdings2016-03-31 1.WLFC 2.PUB2USD 3.ZION 4.CMA 5.67501R 6.404172 7.130222 8.FUNC 9.AMRB 10.CFG
2015-12-31	37	$100.5M	100	1WLFC 2PUB2USD367501R Top holdings2015-12-31 1.WLFC 2.PUB2USD 3.67501R 4.FSLR 5.CMA 6.404172 7.130222 8.FUNC 9.AMRB 10.FFWM
2013-12-31	21	$77.0M	56	158964Q267501R3FBIZ Top holdings2013-12-31 1.58964Q 2.67501R 3.FBIZ 4.WLFC 5.67424G 6.08173R 7.404172 8.NRIM 9.664112 10.90207C
2013-09-30	35	$127.7M	39	158964Q208173R3FBIZ Top holdings2013-09-30 1.58964Q 2.08173R 3.FBIZ 4.67501R 5.WLFC 6.67424G 7.404172 8.46146P 9.664112 10.FMNB
2013-06-30	43	$157.7M	0	108173R258964Q3FBIZ Top holdings2013-06-30 1.08173R 2.58964Q 3.FBIZ 4.NFBK 5.67501R 6.PLUS 7.NRIM 8.67424G 9.404172 10.WLFC

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
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	WLFC	Willis Lease Finance CORP	+3.4%	—	Unchanged
2	RBKB	Rhinebeck Bancorp INC	+0.5%	-0.49%	Trim
3	SWKH	Swk Holdings CORP	+0.2%	+16.62%	Add
4	SSBI	Summit State Bank	0%	—	Unchanged
5	WASH	Washington Trust Bancorp	0%	—	Unchanged
6	PKBK	Parke Bancorp INC	—	-2.12%	Trim
7	NSTS	Nsts Bancorp INC	0%	—	Unchanged
8	PDLB	Ponce Financial Group INC	0%	+7.97%	Add
9	SHFS	Shf Holdings INC	0%	—	Unchanged
10	BYFC	Broadway Financial Corp/de	-0.1%	+3.51%	Add
11	ALRS	Alerus Financial CORP	-0.1%	+1.45%	Add
12	MGYR	Magyar Bancorp INC	-0.1%	+1.26%	Add
13	BSBK	Bogota Financial CORP	-0.1%	—	Unchanged
14	CBFV	Cb Financial Services INC	-0.1%	+4.53%	Add
15	AER	AerCap Holdings N.V.	-0.1%	+14.15%	Add
16	PROV	Provident Financial Hldgs	-0.2%	-5.01%	Trim
17	NODK	Ni Holdings INC	-0.3%	+7.90%	Add
18	WSBK	Winchester Bancorp INC	-0.3%	-82.92%	Trim
19	ASLE	Aersale CORP	-0.3%	+20.02%	Add
20	SNFCA	Security Natl Finl Corp-cl A	-0.4%	-1.57%	Trim
21	PBFS	Pioneer Bancorp Inc/ny	-0.4%	+1.87%	Add
22	FBIZ	First Business Financial Ser	-0.5%	-49.63%	Trim
23	AL	Air Lease CORP	-7.3%	-91.29%	Trim
24	BHF	Brighthouse Financial INC	—	NEW	New buy
25	NFBK	Northfield Bancorp INC	—	NEW	New buy
26	GDOT	Green Dot Corp-class A	—	NEW	New buy
27	BFINUSD	Bankfinancial CORP	—	EXIT	Sold out
28	AVBC	Avidia Bancorp INC	—	EXIT	Sold out
29	VABK	Virginia National Bankshares	—	NEW	New buy
30	AUBN	Auburn Natl Bancorporation	—	NEW	New 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%