Q2 2026 13F · SEC CIK 1511291
M3F, Inc.
Hedge fundFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $422.2M
- Reported positions
- 22
- Top holdings a year, 3 yrs
- +24.0%
- Assets under management
- $778.2M
M3F, Inc. is a hedge fund that reported 22 positions worth $422.2M in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Willis Lease Fin Corp (WLFC, 35.9%), Ponce Financial Group Inc (PDLB, 8.0%), Pioneer Bancorp Inc/ny (PBFS, 7.4%). A portfolio copying its top holdings returned 24.0% a year over the last 3 years, against 20.4% for the S&P 500.
M3F, Inc. holdings all 22 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 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 Fin Corp | 35.9% | -2.3% | $151.5M |
| PDLBPonce Financial Group Inc | 8.0% | -15.2% | $33.9M |
| PBFSPioneer Bancorp Inc/ny | 7.4% | -12.1% | $31.1M |
| AERAercap Holdings NV | 7.0% | -15.1% | $29.4M |
| ASLEAersale Corporation | 6.6% | +11.4% | $28.1M |
| NODKNi Holdings Inc | 5.8% | -6.1% | $24.4M |
| SNFCASecurity Natl Finl Corp | 4.8% | -4.1% | $20.4M |
| GDOTGreen Dot Corp | 3.9% | +62.2% | $16.4M |
| ALRSAlerus Finl Corp | 3.1% | +0.0% | $13.0M |
| NFBKNorthfield Bancorp Inc Del | 3.0% | +12.0% | $12.8M |
| RBKBRhinebeck Bancorp Inc | 2.3% | -45.4% | $9.6M |
| PKBKParke Bancorp Inc | 2.2% | -15.1% | $9.4M |
| OPFIOppfi Inc | 1.8% | — | $7.6M |
| CBFVCb Finl Svcs Inc | 1.5% | +0.1% | $6.5M |
| BYFCBroadway Financial Corp/de | 1.3% | +15.3% | $5.3M |
| MGYRMagyar Bancorp Inc | 1.2% | +0.9% | $5.0M |
| SSBISummit St Bk Santa Rosa Calif | 1.1% | +0.0% | $4.8M |
| FNRNFirst Northn Cmnty Bancorp | 1.0% | — | $4.4M |
| PROVProvident Finl Hldgs Inc Com | 1.0% | -16.0% | $4.1M |
| BSBKBogota Financial Corp | 0.9% | -14.2% | $3.8M |
| WASHWashington Trust Bancorp | 0.2% | -88.5% | $700K |
| 824430300Shf Holdings Inc | 0.0% | +0.0% | $74K |
What M3F, Inc. bought and sold in Q2 2026, against Q1 2026.
New positions
- OPFI Oppfi Inc1.8% of 13F
- FNRN First Northn Cmnty Bancorp1.0% of 13F
Added to
- GDOT Green Dot Corp+62.2% shares
- BYFC Broadway Financial Corp/de+15.3% shares
- NFBK Northfield Bancorp Inc Del+12.0% shares
- ASLE Aersale Corporation+11.4% shares
Reduced
- WASH Washington Trust Bancorp-88.5% shares
- RBKB Rhinebeck Bancorp Inc-45.4% shares
- PROV Provident Finl Hldgs Inc Com-16.0% shares
- PDLB Ponce Financial Group Inc-15.2% shares
- AER Aercap Holdings NV-15.1% shares
- PKBK Parke Bancorp Inc-15.1% shares
- BSBK Bogota Financial Corp-14.2% shares
- PBFS Pioneer Bancorp Inc/ny-12.1% shares
Sold out
- SWKH Swk Hldgs Corpwas 4.2%
- BHF Brighthouse Financial Incwas 4.2%
- AL Air Lease Corpwas 0.6%
- FBIZ First Business Finl Svcswas 0.4%
- WSBK Winchester Bancorp Incwas 0.1%
- NSTS Nsts Bancorp Incwas 0.1%
- VABK Virginia Natl Bk Chrlotsvlewas 0.1%
- AUBN Auburn Natl Bancorpwas 0.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +20.8% /yr
- S&P 500 +20.1%
- 3 years
- +24.0% /yr
- S&P 500 +20.4%
- 5 years
- +13.6% /yr
- S&P 500 +11.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 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 |
|---|---|---|
| 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 |
Questions about M3F, Inc.'s portfolio
What stocks does M3F, Inc. own?
M3F, Inc.'s latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 22 positions worth $422.2M. The largest are Willis Lease Fin Corp (WLFC) at 35.9%, Ponce Financial Group Inc (PDLB) at 8.0%, Pioneer Bancorp Inc/ny (PBFS) at 7.4%, Aercap Holdings NV (AER) at 7.0% and Aersale Corporation (ASLE) at 6.6%.
What did M3F, Inc. buy last quarter?
In Q2 2026, M3F, Inc. added a new position in Oppfi Inc (OPFI), a new position in First Northn Cmnty Bancorp (FNRN), Green Dot Corp (GDOT) (+62.2% shares), Broadway Financial Corp/de (BYFC) (+15.3% shares) and Northfield Bancorp Inc Del (NFBK) (+12.0% shares), compared with its Q1 2026 filing.
What did M3F, Inc. sell last quarter?
In Q2 2026, M3F, Inc. sold all of Swk Hldgs Corp (SWKH), sold all of Brighthouse Financial Inc (BHF), sold all of Air Lease Corp (AL), sold all of First Business Finl Svcs (FBIZ), sold all of Winchester Bancorp Inc (WSBK), Washington Trust Bancorp (WASH) (-88.5% shares), Rhinebeck Bancorp Inc (RBKB) (-45.4% shares) and Provident Finl Hldgs Inc Com (PROV) (-16.0% shares), compared with its Q1 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 +24.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +20.8% against +20.1%. Over 5 years: +13.6% a year against +11.6%.
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 Sep 30, 2026 is due by Nov 14, 2026; 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 $422.2M.