M3F, Inc.

Portfolio Overview

M3F, Inc. disclosed 22 positions worth $422.2M in its Form 13F-HR for Q2 2026, led by $WLFC (WILLIS LEASE FINANCE CORP) at 35.9% of the equity portfolio, followed by $PDLB and $PBFS. During the quarter the fund opened 2 new positions and exited 8 — including a new stake in $OPFI and a full exit from $SWKHL. The portfolio is most concentrated in Financials (48.3% of disclosed assets). All figures are sourced directly from M3F, Inc.’s Form 13F-HR filing with the SEC under CIK 1511291.

• 

  WILLIS LEASE FINANCE CORP

  $WLFC

  60.1#889

  Quality

  $151.5M661,998 sh
• 

  Ponce Financial Group, Inc.

  $PDLB

  59.7#912

  Quality

  $33.9M1,698,960 sh
• 

  Pioneer Bancorp, Inc./MD

  $PBFS

  44.1#1,935

  Quality

  $31.1M1,821,973 sh
• 

  AerCap Holdings N.V.

  $AER

  —

  Quality

  $29.4M202,000 sh
• 

  AerSale Corp

  $ASLE

  24.1

  Quality

  $28.1M4,439,008 sh
• 

  NI Holdings, Inc.

  $NODK

  34.9

  Quality

  $24.4M1,552,020 sh
• 

  SECURITY NATIONAL FINANCIAL CORP

  $SNFCA

  45.1

  Quality

  $20.4M2,108,648 sh
• 

  GREEN DOT CORP

  $GDOT

  52.5

  Quality

  $16.4M1,214,680 sh
• 

  ALERUS FINANCIAL CORP

  $ALRS

  47.3

  Quality

  $13.0M417,108 sh
• 

  Northfield Bancorp, Inc.

  $NFBK

  36.3

  Quality

  $12.8M869,575 sh

Company	Quality	Value	Shares
WILLIS LEASE FINANCE CORP$WLFC	60.1#889	$151.5M	661,998
Ponce Financial Group, Inc.$PDLB	59.7#912	$33.9M	1,698,960
Pioneer Bancorp, Inc./MD$PBFS	44.1#1,935	$31.1M	1,821,973
AerCap Holdings N.V.$AER	—	$29.4M	202,000
AerSale Corp$ASLE	24.1	$28.1M	4,439,008
NI Holdings, Inc.$NODK	34.9	$24.4M	1,552,020
SECURITY NATIONAL FINANCIAL CORP$SNFCA	45.1	$20.4M	2,108,648
GREEN DOT CORP$GDOT	52.5	$16.4M	1,214,680
ALERUS FINANCIAL CORP$ALRS	47.3	$13.0M	417,108
Northfield Bancorp, Inc.$NFBK	36.3	$12.8M	869,575

Showing top 10 of 22 holdings.

Full Holdings — M3F, Inc. (Q2 2026)

All 22 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$WLFC	WILLIS LEASE FINANCE CORP	$151.5M	35.9%	-2%	60.1
2	$PDLB	Ponce Financial Group, Inc.	$33.9M	8.0%	-15%	59.7
3	$PBFS	Pioneer Bancorp, Inc./MD	$31.1M	7.4%	-12%	44.1
4	$AER	AerCap Holdings N.V.	$29.4M	7.0%	-15%	—
5	$ASLE	AerSale Corp	$28.1M	6.7%	+11%	24.1
6	$NODK	NI Holdings, Inc.	$24.4M	5.8%	-6%	34.9
7	$SNFCA	SECURITY NATIONAL FINANCIAL CORP	$20.4M	4.8%	-4%	45.1
8	$GDOT	GREEN DOT CORP	$16.4M	3.9%	+62%	52.5
9	$ALRS	ALERUS FINANCIAL CORP	$13.0M	3.1%	+0%	47.3
10	$NFBK	Northfield Bancorp, Inc.	$12.8M	3.0%	+12%	36.3
11	$RBKB	Rhinebeck Bancorp, Inc.	$9.6M	2.3%	-45%	47
12	$PKBK	PARKE BANCORP, INC.	$9.4M	2.2%	-15%	63.5
13	$OPFI	OppFi Inc.	$7.6M	1.8%	NEW	67.5
14	$CBFV	CB Financial Services, Inc.	$6.5M	1.5%	+0%	29.9
15	$BYFC	BROADWAY FINANCIAL CORP DE	$5.3M	1.3%	+15%	29.8
16	$MGYR	Magyar Bancorp, Inc.	$5.0M	1.2%	+1%	—
17	—	SUMMIT STATE BANK - COMMON	$4.8M	1.1%	+0%	—
18	—	FIRST NORTHERN COMMUNITY BAN - COMMON	$4.4M	1.0%	NEW	—
19	$PROV	PROVIDENT FINANCIAL HOLDINGS INC	$4.1M	1.0%	-16%	35.8
20	$BSBK	Bogota Financial Corp.	$3.8M	0.9%	-14%	46.4
21	$WASH	WASHINGTON TRUST BANCORP INC	$700,000	0.2%	-88%	50.2
22	$SHFS	SHF Holdings, Inc.	$74,000	0.0%	+0%	—