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Livermore
Livermore
ZHEN

M3F, Inc.

SEC CIK
0001511291
Latest filing
Aug 13, 2026

The latest 13F from M3F, Inc. covers Q2 2026 (filed Aug 13, 2026): 22 long positions worth $422.2M. The top 10 holdings make up 85.5% of the portfolio, and the largest is Willis Lease Finance Corp (WLFC) at 35.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$12.0M
Added
6
Est. +$11.3M
Reduced
11
Est. −$37.9M
Sold out
8
Est. −$38.9M

Top 5 holdings

Share of this quarter's portfolio value

  1. WLFCWillis Lease Finance Corp
    35.9%$151.5MHistory
  2. PDLBPonce Financial Group, Inc.
    8.0%$33.9MHistory
  3. PBFSPioneer Bancorp, Inc.
    7.4%$31.1MHistory
  4. AERAerCap Holdings N.V.
    7.0%$29.4MHistory
  5. ASLEAerSale Corp
    6.6%$28.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. OPFIOppFi Inc.
    +$7.59MNewHistory
  2. GDOTGreen Dot Corp
    +$6.29MAddedHistory
  3. FNRNFirst Northern Community Bancorp
    +$4.39MNewHistory
  4. ASLEAerSale Corp
    +$2.88MAddedHistory
  5. NFBKNorthfield Bancorp, Inc.
    +$1.37MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GDOTGreen Dot Corp
    +1.80 pp2.1% → 3.9%History
  2. OPFIOppFi Inc.
    +1.80 pp0.0% → 1.8%History
  3. FNRNFirst Northern Community Bancorp
    +1.04 pp0.0% → 1.0%History
  4. ASLEAerSale Corp
    +0.50 pp6.1% → 6.6%History
  5. NFBKNorthfield Bancorp, Inc.
    +0.43 pp2.6% → 3.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SWK Holdings Corp78501P203
    −$16.9MSold out
  2. BHFBrighthouse Financial, Inc.
    −$16.8MSold outHistory
  3. RBKBRhinebeck Bancorp, Inc.
    −$7.93MReducedHistory
  4. PDLBPonce Financial Group, Inc.
    −$6.08MReducedHistory
  5. WASHWashington Trust Bancorp Inc
    −$5.37MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. SWK Holdings Corp78501P203
    −4.20 pp4.2% → 0.0%
  2. BHFBrighthouse Financial, Inc.
    −4.16 pp4.2% → 0.0%History
  3. RBKBRhinebeck Bancorp, Inc.
    −1.60 pp3.9% → 2.3%History
  4. WASHWashington Trust Bancorp Inc
    −1.21 pp1.4% → 0.2%History
  5. AERAerCap Holdings N.V.
    −1.12 pp8.1% → 7.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$422.2M
+$18.7M (+4.6%) vs. prior quarter
Positions
22
−6 vs. prior quarter
Top 10 concentration
85.5%
Top 10 as share of value
Turnover
5.6%
Q2 2026, one quarter
Average holding period
16.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $422.2M (Q2 2026)

Q1 2021: $247.0MQ2 2021: $282.0MQ3 2021: $305.4MQ4 2021: $298.2MQ1 2022: $300.5MQ2 2022: $307.9MQ3 2022: $285.0MQ4 2022: $327.0MQ1 2023: $304.5MQ2 2023: $318.1MQ3 2023: $299.2MQ4 2023: $314.9MQ1 2024: $282.5MQ2 2024: $270.2MQ3 2024: $324.6MQ4 2024: $345.9MQ1 2025: $363.8MQ2 2025: $354.5MQ3 2025: $352.9MQ4 2025: $364.1MQ1 2026: $403.5MQ2 2026: $422.2M
Q1 2021Q2 2026
13F filings of M3F, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202622$422.2MWLFCPDLBPBFSvs. Q1 2026SEC
Q1 2026Apr 28, 202628$403.5MWLFCPDLBAERvs. Q4 2025SEC
Q4 2025Feb 13, 202625$364.1MWLFCPDLBAERvs. Q3 2025SEC
Q3 2025Nov 12, 202528$352.9MWLFCPDLBALvs. Q2 2025SEC
Q2 2025Aug 13, 202530$354.5MWLFCPDLBALvs. Q1 2025SEC
Q1 2025May 14, 202531$363.8MWLFCPDLBPBFSvs. Q4 2024SEC
Q4 2024Feb 13, 202529$345.9MWLFCPDLBPBFSvs. Q3 2024SEC
Q3 2024Nov 13, 202429$324.6MWLFCPDLBPBFSvs. Q2 2024SEC
Q2 2024Aug 13, 202434$270.2MWLFCPBFSPDLBvs. Q1 2024SEC
Q1 2024May 14, 202437$282.5MWLFCPDLBPBFSvs. Q4 2023SEC
Q4 2023Feb 13, 202437$314.9MWLFCNWLIPDLBvs. Q3 2023SEC
Q3 2023Nov 13, 202342$299.2MNWLIWLFCEBCvs. Q2 2023SEC
Q2 2023Aug 11, 202342$318.1MNWLIWLFCPDLBvs. Q1 2023SEC
Q1 2023May 12, 202339$304.5MWLFCWFCNECBvs. Q4 2022SEC
Q4 2022Feb 10, 202339$327.0MWLFCNECBPDLBvs. Q3 2022SEC
Q3 2022Nov 14, 202242$285.0MWLFCNECBPDLBvs. Q2 2022SEC
Q2 2022Aug 12, 202243$307.9MWLFCNECBPDLBvs. Q1 2022SEC
Q1 2022May 16, 202245$300.5MNECBSNFCAWLFCvs. Q4 2021SEC
Q4 2021Feb 11, 202244$298.2MWFCSNFCAWLFCvs. Q3 2021SEC
Q3 2021Nov 12, 202152$305.4MWFCWLFCNECBvs. Q2 2021SEC
Q2 2021Aug 13, 202154$282.0MWFCWLFCSNFCAvs. Q1 2021SEC
Q1 2021May 14, 202144$247.0MEBCWFCPVBC–SEC

13D and 13G filings

Companies where M3F, Inc. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

M3F, Inc. does not currently report owning 5% or more of any company.

Latest filings

34 filings on file made by M3F, Inc. or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by M3F, Inc.
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
RBKBRhinebeck Bancorp, Inc.Aug 11, 202612:18 PM ETM3 Partners LPand 4 others13G/A5.21%815.3K shares–Jul 22, 2026SEC
FNRNFirst Northern Community BancorpAug 11, 202612:16 PM ETM3 Partners LPand 4 others13G/A1.49%244.9K shares−6.47 ppfrom 7.96%Below 5%Jun 30, 2026SEC
SHFSSHF Holdings, Inc.Aug 11, 202612:13 PM ETM3 Partners LPand 4 others13G/A4.77%308.0K shares−5.23 ppfrom 10.00%Below 5%Jun 30, 2026SEC
BYFCBroadway Financial Corp DEAug 11, 202612:08 PM ETM3 Partners LPand 4 others13G/A8.86%547.5K shares+1.70 ppfrom 7.16%Jun 30, 2026SEC
SWKHLSWK Holdings CorpApr 23, 20263:19 PM ETM3 Partners LPand 4 others13G/A0.00%0 shares–Below 5%Apr 7, 2026SEC
NODKNI Holdings, Inc.Apr 23, 20263:13 PM ETM3 Partners LPand 4 others13G/A8.04%1.65M shares+1.57 ppfrom 6.47%Mar 31, 2026SEC
ASLEAerSale CorpApr 23, 20263:10 PM ETM3 Partners LPand 4 others13G/A8.43%3.98M shares+1.40 ppfrom 7.03%Mar 31, 2026SEC
MGYRMagyar Bancorp, Inc.Feb 4, 20263:09 PM ETM3 Partners LPand 4 others13G/A4.51%292.0K shares−0.80 ppfrom 5.31%Below 5%Dec 31, 2025SEC
PDLBPonce Financial Group, Inc.Feb 4, 20262:59 PM ETM3 Partners LPand 4 others13G/A7.73%1.86M shares–Dec 31, 2025SEC
PROVProvident Financial Holdings IncFeb 4, 20262:52 PM ETM3 Partners LPand 4 others13G/A4.63%299.6K shares−1.82 ppfrom 6.45%Below 5%Dec 31, 2025SEC
WLFCWillis Lease Finance CorpFeb 4, 20262:41 PM ETM3 Partners LPand 4 others13G/A9.94%677.2K shares+1.04 ppfrom 8.90%Dec 31, 2025SEC
ASLEAerSale CorpFeb 4, 20262:31 PM ETM3 Partners LPand 4 others13G/A7.03%3.32M shares+1.19 ppfrom 5.84%Dec 31, 2025SEC
BFINBankFinancial CORPFeb 4, 20262:21 PM ETM3 Partners LPand 4 others13G/A3.95%491.7K shares−4.08 ppfrom 8.03%Below 5%Dec 31, 2025SEC
SHFSSHF Holdings, Inc.Dec 30, 202510:00 AM ETM3 Partners LPand 4 others13G10.00%308.0K shares+6.16 ppfrom 3.84%Dec 19, 2025SEC
BYFCBroadway Financial Corp DEDec 18, 202511:17 AM ETM3 Partners LPand 4 others13G7.16%436.8K sharesNewJun 20, 2025SEC
MGYRMagyar Bancorp, Inc.Nov 14, 20259:05 AM ETM3 Partners LPand 4 others13G/A5.31%342.3K shares−1.37 ppfrom 6.68%Sep 30, 2025SEC
SHFSSHF Holdings, Inc.Nov 14, 20259:00 AM ETM3 Partners LPand 4 others13G/A3.84%111.9K shares–Below 5%Sep 30, 2025SEC
PBFSPioneer Bancorp, Inc.Nov 14, 20259:00 AM ETM3 Partners LPand 4 others13G/A7.45%1.88M shares−1.48 ppfrom 8.93%Sep 30, 2025SEC
BFINBankFinancial CORPNov 14, 20259:00 AM ETM3 Partners LPand 4 others13G/A8.03%1.00M shares–Sep 30, 2025SEC
WLFCWillis Lease Finance CorpNov 14, 20259:00 AM ETM3 Partners LPand 4 others13G/A8.90%606.0K shares+1.26 ppfrom 7.64%Sep 30, 2025SEC