M3F INC
Q1 2023 Form 13-F
SALT LAKE CITY, UTAH
CIK 0001511291
· CRD 151191
· SEC-registered investment adviser
$304.5M Reported Value Total
M3F, INC. reports 1 total accounts under management (AUM). There are 1 discretionary accounts valued at $657,715,324, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
1 fund
· $778.2M gross asset value
Hedge Fund: $778.2M
Source: Form ADV filed 2026-03-17
Reported value
$304.5M
Quarter over quarter
-13.1%
Holdings
39
Top-10 concentration
52.0%
Key People
Form ADV owners & control persons
Jason Allen Stock
CHIEF COMPLIANCE OFFICER, MANAGING DIRECTOR
William Chester Waller
MANAGING DIRECTOR
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
Loading 13F Metrics
Q1 2023 13F record
Q1 2023 13F filing summary
| Period of report | March 31, 2023 |
|---|---|
| Filed | May 12, 2023 |
| Form | 13F-HR |
| Reported value | $304.5M |
| Positions | 39 |
| Change in reported value | -6.9% |
| New positions | 7 |
| Exited positions | 7 |
| Position turnover | 30.4% |
| Top-10 concentration | 52.0% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 21, 2026
|
21 | $391.3M |
|
Q2 2026 13F
Filed Aug 13, 2026
|
22 | $422.2M |
|
Q1 2026 13F
Filed Apr 28, 2026
|
28 | $403.5M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
25 | $364.1M |
|
Q3 2025 13F
Filed Nov 12, 2025
|
28 | $352.9M |
|
Q2 2025 13F
Filed Aug 13, 2025
|
30 | $354.5M |
|
Q1 2025 13F
Filed May 14, 2025
|
31 | $363.8M |
|
Q4 2024 13F
Filed Feb 13, 2025
|
29 | $345.9M |
|
Q3 2024 13F
Filed Nov 13, 2024
|
29 | $324.6M |
|
Q2 2024 13F
Filed Aug 13, 2024
|
34 | $270.2M |
|
Q1 2024 13F
Filed May 14, 2024
|
37 | $282.5M |
|
Q4 2023 13F
Filed Feb 13, 2024
|
37 | $314.9M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
42 | $299.2M |
|
Q2 2023 13F
Filed Aug 11, 2023
|
42 | $318.2M |
|
Q1 2023 13F
Filed May 12, 2023
|
39 | $304.5M |
|
Q4 2022 13F
Filed Feb 10, 2023
|
39 | $327.0M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
42 | $285.0M |
|
Q2 2022 13F
Filed Aug 12, 2022
|
43 | $307.9M |
|
Q1 2022 13F
Filed May 16, 2022
|
45 | $300.5M |
|
Q4 2021 13F
Filed Feb 11, 2022
|
44 | $298.2M |
27 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q1 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | WLFC Willis Lease Finance Corp | $32.9M | 10.79% |
| 2 | WFC WELLS FARGO & CO NEW COM | $17.0M | 5.59% |
| 3 | NECB NORTHEAST COMMUNITY BANCORP | $16.4M | 5.4% |
| 4 | PDLB PONCE FINANCIAL GROUP INC | $16.1M | 5.3% |
| 5 | PBFS PIONEER BANCORP INC/NY | $15.8M | 5.18% |
| 6 | MCB METROPOLITAN BANK HOLDING CO | $15.0M | 4.91% |
| 7 | SNFCA SECURITY NATL FINL CORP CL A NEW | $11.6M | 3.81% |
| 8 | EBC EASTERN BANKSHARES INC | $11.3M | 3.7% |
| 9 | SWKH SWK HLDGS CORP COM | $11.2M | 3.69% |
| 10 | BFIN BankFinancial Corp | $11.0M | 3.62% |
| 11 | PVBC PROVIDENT BANCORP INC | $10.9M | 3.58% |
| 12 | PKBK PARKE BANCORP INC | $9.6M | 3.15% |
| 13 | NWLI NATIONAL WESTN LIFE INS CO CL A | $9.6M | 3.15% |
| 14 | PROV PROVIDENT FINL HLDGS INC COM | $9.5M | 3.11% |
| 15 | FBIZ FIRST BUS FINL SVCS INC WIS COM | $8.6M | 2.83% |
| 16 | RBKB RHINEBECK BANCORP INC | $6.9M | 2.28% |
| 17 | HMNF HMN Financial Inc | $6.6M | 2.17% |
| 18 | ZION ZIONS BANCORPORATION COM | $6.6M | 2.16% |
| 19 | SFBC SOUND FINL BANCORP INC COM | $6.5M | 2.13% |
| 20 | SPFI SOUTH PLAINS FINANCIAL INC | $6.3M | 2.06% |
Values as reported on the Q1 2023 Form 13F. Every position is in the holdings table below.