Q3 2026 13F · SEC CIK 1511291
M3F, Inc.
Hedge fundFiled 2026-10-21 for Q3 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $391.3M
- Reported positions
- 21
- Top holdings a year, 3 yrs
- +22.6%
- Assets under management
- $778.2M
M3F, Inc. is a hedge fund that reported 21 positions worth $391.3M in its Q3 2026 13F, filed 2026-10-21. Its largest holdings were Willis Lease Finance Corp (WLFC, 26.6%), Ponce Financial Group Inc (PDLB, 9.2%), Pioneer Bancorp Inc/ny (PBFS, 8.4%). A portfolio copying its top holdings returned 22.6% a year over the last 3 years, against 22.3% for the S&P 500.
M3F, Inc. holdings all 21 positions.
Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| WLFCWillis Lease Finance Corp | 26.6% | +214.8% | $104.0M |
| PDLBPonce Financial Group Inc | 9.2% | +6.6% | $36.1M |
| PBFSPioneer Bancorp Inc/ny | 8.4% | +2.1% | $33.0M |
| AERAercap Holdings NV | 7.4% | +0.0% | $29.0M |
| ASLEAersale Corporation | 6.3% | +5.7% | $24.6M |
| NODKNi Holdings Inc | 6.1% | +3.3% | $23.9M |
| SNFCASecurity Natl Finl Corp Cl A New | 4.9% | +4.9% | $19.2M |
| GDOTGreen Dot Corp | 4.6% | +19.3% | $17.8M |
| RCBCRiver City Bank/ca | 4.4% | — | $17.4M |
| OPFIOppfi Inc | 3.8% | +221.0% | $14.8M |
| ALRSAlerus Finl Corp Com | 3.4% | +0.0% | $13.2M |
| PKBKParke Bancorp Inc | 2.3% | -2.3% | $9.0M |
| FCBMFirst Carolina Financial Services, Inc | 2.1% | — | $8.3M |
| RBKBRhinebeck Bancorp Inc | 2.0% | — | $7.7M |
| BYFCBroadway Financial Corp/de | 1.8% | +9.4% | $7.1M |
| CBFVCb Finl Svcs Inc | 1.6% | -0.2% | $6.3M |
| MGYRMagyar Bancorp Inc Com | 1.4% | +0.1% | $5.5M |
| SSBISummit St Bk Santa Rosa Cali | 1.1% | +1.3% | $4.4M |
| BSBKBogota Financial Corp | 1.0% | -1.3% | $3.8M |
| PROVProvident Finl Hldgs Inc Com | 0.9% | -18.6% | $3.5M |
| WCCBWest Coast Community Bancorp | 0.7% | — | $2.7M |
What M3F, Inc. bought and sold in Q3 2026, against Q2 2026.
New positions
- RCBC River City Bank/ca4.4% of 13F
- FCBM First Carolina Financial Services, Inc2.1% of 13F
- RBKB Rhinebeck Bancorp Inc2.0% of 13F
- WCCB West Coast Community Bancorp0.7% of 13F
Added to
- OPFI Oppfi Inc+221.0% shares
- WLFC Willis Lease Finance Corp+214.8% shares
- GDOT Green Dot Corp+19.3% shares
- BYFC Broadway Financial Corp/de+9.4% shares
- PDLB Ponce Financial Group Inc+6.6% shares
- ASLE Aersale Corporation+5.7% shares
Reduced
- PROV Provident Finl Hldgs Inc Com-18.6% shares
Sold out
- NFBK Northfield Bancorp Inc Delwas 3.0%
- RBKB Rhinebeck Bancorp Incwas 2.3%
- FNRN First Northn Cmnty Bancorpwas 1.0%
- WASH Washington Trust Bancorpwas 0.2%
- Shf Holdings Incwas 0.0%
Share counts compared with the Q2 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +11.5% /yr
- S&P 500 +11.7%
- 3 years
- +22.6% /yr
- S&P 500 +22.3%
- 5 years
- +10.3% /yr
- S&P 500 +10.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q3 2026 | $391.3M | 21 |
| 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 |
Questions about M3F, Inc.'s portfolio
What stocks does M3F, Inc. own?
M3F, Inc.'s latest 13F, for Q3 2026 and filed Oct 21, 2026, lists 21 positions worth $391.3M. The largest are Willis Lease Finance Corp (WLFC) at 26.6%, Ponce Financial Group Inc (PDLB) at 9.2%, Pioneer Bancorp Inc/ny (PBFS) at 8.4%, Aercap Holdings NV (AER) at 7.4% and Aersale Corporation (ASLE) at 6.3%.
What did M3F, Inc. buy last quarter?
In Q3 2026, M3F, Inc. added a new position in River City Bank/ca (RCBC), a new position in First Carolina Financial Services, Inc (FCBM), a new position in Rhinebeck Bancorp Inc (RBKB), a new position in West Coast Community Bancorp (WCCB), Oppfi Inc (OPFI) (+221.0% shares), Willis Lease Finance Corp (WLFC) (+214.8% shares) and Green Dot Corp (GDOT) (+19.3% shares), compared with its Q2 2026 filing.
What did M3F, Inc. sell last quarter?
In Q3 2026, M3F, Inc. sold all of Northfield Bancorp Inc Del (NFBK), sold all of Rhinebeck Bancorp Inc (RBKB), sold all of First Northn Cmnty Bancorp (FNRN), sold all of Washington Trust Bancorp (WASH), sold all of Shf Holdings Inc and Provident Finl Hldgs Inc Com (PROV) (-18.6% shares), compared with its Q2 2026 filing.
How has M3F, Inc.'s portfolio performed?
A portfolio copying M3F, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +22.6% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +11.5% against +11.7%. Over 5 years: +10.3% a year against +10.6%.
When is M3F, Inc.'s next 13F filing due?
13F filings are due 45 days after each quarter ends. M3F, Inc.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.
How much money does M3F, Inc. manage?
M3F, Inc. reported $778.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $391.3M.