M3f, Inc.
M3F, Inc. is a Salt Lake City, Utah-based investment adviser firm registered with the SEC since 2009. The firm manages pooled investment vehicles, with an AUM of approximately $612 million as of August 2024, and has a small team of 5 employees, all dedicated to investment activities. M3F specializes in managing concentrated portfolios across small financial sector equities and serves mostly institutional pooled vehicles.
Investment Strategy
M3F, Inc. employs a concentrated, value-driven investment strategy focused primarily on the financial sector, especially smaller regional banks and financial institutions. The firm seeks out undervalued opportunities, performs deep fundamental analysis, and maintains a relatively concentrated portfolio, frequently adjusting positions based on market valuation and sector prospects. Their disciplined approach prioritizes capital preservation and long-term compounding of returns for pooled vehicle clients.
Top Holdings
Equity Positions (28)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
W WLFC | Willis Lease Finance Corp | 22.84% | $80.9M | 566,941 | $50.87 | $142.78 | -$3.4M |
P PDLB | PONCE FINANCIAL GROUP INC | 9.04% | $32.0M | 2,315,708 | $9.74 | $13.84 | +$3.3M |
A AL | Air Lease Corp | 7.40% | $26.2M | 448,401 | $49.20 | $58.49 | +$6.5M |
P PBFS | PIONEER BANCORP INC/NY | 7.09% | $25.1M | 2,090,442 | $10.54 | $12.03 | -$2.0M |
S SNFCA | SECURITY NATL FINL CORP CL A NEW | 5.90% | $20.9M | 2,122,425 | $5.46 | $9.38 | -$3.5M |