M3F, Inc.
M3F, Inc. reported 21 US-listed holdings worth $391.3 million in its 13F for the quarter ended 30 September 2026, filed 21 October 2026. Its largest: Willis Lease Fin Corp. (26.6%), Ponce Financial Group Inc. (9.2%) and Pioneer Bancorp Inc. MD (8.4%). Against the quarter before, it opened 4 positions, added to 11, trimmed 4 and sold out of 5.
The 14 largest of its 21 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +21.8% over the 8 quarters to 30 September 2026, against +32.9% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 4
- River City Bank RCBC$17.4 million
- First Carolina Finl Svcs Inc. FCBM$8.3 million
- Rhinebeck Bancorp Inc. Com RBKB$7.7 million
- West Coast Community Bancorp WCCB$2.7 million
Added to 11
- Oppfi Inc. OPFI+1.7 million shares · +221%
- Willis Lease Fin Corp. WLFC+97,667 shares · +5%
- Green Dot Corp. GDOT+234,016 shares · +19%
- Ponce Financial Group Inc. PDLB+111,559 shares · +7%
- Aersale Corporation ASLE+251,168 shares · +6%
- Security Natl Finl Corp. SNFCA+102,431 shares · +5%
- Ni Hldgs Inc. NODK+51,325 shares · +3%
- Pioneer Bancorp Inc. MD PBFS+38,138 shares · +2%
and 3 more in the table below
Trimmed 4
- Provident Finl Hldgs Inc. PROV-44,433 shares · -19%
- Parke Bancorp Inc. PKBK-6,460 shares · -2%
- Bogota Finl Corp. BSBK-5,427 shares · -1%
- CB Financial Services Inc CBFV-319 shares · -0%
Sold out of 5
- Northfield Bancorp Inc. Del NFBK$12.8 million last quarter
- Rhinebeck Bancorp Inc. RBKB$9.6 million last quarter
- First Northern Community Bancorp FNRN$4.4 million last quarter
- Washington Trust Bancorp Inc WASH$700,000 last quarter
- SHF Holdings Inc. SHFS$74,000 last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Willis Lease Fin Corp. WLFC | 2.1M | $104.0 million | 26.57% | +97.7K |
| Ponce Financial Group Inc. PDLB | 1.8M | $36.1 million | 9.23% | +111.6K |
| Pioneer Bancorp Inc. MD PBFS | 1.9M | $33.0 million | 8.44% | +38.1K |
| AerCap Holdings N.V. AER | 202.0K | $29.0 million | 7.41% | no change |
| Aersale Corporation ASLE | 4.7M | $24.6 million | 6.28% | +251.2K |
| Ni Hldgs Inc. NODK | 1.6M | $23.9 million | 6.11% | +51.3K |
| Security Natl Finl Corp. SNFCA | 2.2M | $19.2 million | 4.92% | +102.4K |
| Green Dot Corp. GDOT | 1.4M | $17.8 million | 4.55% | +234.0K |
| River City Bank RCBC | 339.3K | $17.4 million | 4.44% | new |
| Oppfi Inc. OPFI | 2.5M | $14.8 million | 3.78% | +1.7M |
| Alerus Finl Corp. ALRS | 417.1K | $13.2 million | 3.37% | no change |
| Parke Bancorp Inc. PKBK | 276.1K | $9.0 million | 2.31% | -6.5K |
| First Carolina Finl Svcs Inc. FCBM | 659.8K | $8.3 million | 2.13% | new |
| Rhinebeck Bancorp Inc. Com RBKB | 607.4K | $7.7 million | 1.97% | new |
| Broadway Finl Corp. Del BYFC | 599.0K | $7.1 million | 1.81% | +51.4K |
| CB Financial Services Inc CBFV | 171.4K | $6.3 million | 1.61% | -319 |
| Magyar Bancorp Inc. MGYR | 286.8K | $5.5 million | 1.40% | +422 |
| Summit ST BK Santa Rosa Cali SSBI | 358.8K | $4.4 million | 1.13% | +4.5K |
| Bogota Finl Corp. BSBK | 418.1K | $3.8 million | 0.97% | -5.4K |
| Provident Finl Hldgs Inc. PROV | 194.7K | $3.5 million | 0.90% | -44.4K |
| West Coast Community Bancorp WCCB | 44.5K | $2.7 million | 0.69% | new |