Comparing M3F, Inc.'s Q3 and Q4 2022 Holdings: Insights into its Investment Style and Performance

M3F, Inc. Q3 2022 vs. Q4 2022 13F Holdings Comparison

M3F, Inc. is a fund that invests in financial stocks. The fund's Q3 2022 holdings have been compared to its Q4 2022 holdings in the given CSV. The CSV provides an overview of the changes in the fund's holdings during this period. The blog post will summarize the changes in the holdings and provide insights into the reasons for the changes.

Overview of the Changes

The CSV shows that the overall value of M3F, Inc.'s holdings increased from $182,062 in Q3 2022 to $256,618 in Q4 2022. This represents a growth of 40.9%. The fund's holdings in some companies increased, while in others, there was a decrease.

Reasons for the Changes

There are several reasons why M3F, Inc.'s holdings in some companies increased or decreased in Q4 2022. One reason for the increase in some holdings is that the fund might have identified undervalued stocks and bought them during this period. For example, M3F, Inc.'s holdings in Willis Lease Finance Corp (WLFC) increased by 0.4% between Q3 2022 and Q4 2022. The value of these shares increased from $19,568 to $35,406.

Another reason for an increase in holdings could be positive developments in a company. M3F, Inc.'s holding in Rhinebeck Bancorp Inc (RBKB) increased by 40.5% between Q3 2022 and Q4 2022, and the value of these shares increased from $5,749 to $8,075. This increase could be due to the company's good financial performance or positive developments that have taken place during this period.

On the other hand, the decrease in holdings could be due to negative developments or uncertainty around the company's future prospects. For example, M3F, Inc.'s holdings in PROV decreased by 3% between Q3 2022 and Q4 2022. The value of these shares decreased from $10,012 to $9,709, indicating that the fund might have reduced its exposure to the stock due to negative developments or uncertainty around the company's future prospects.

Insights and Analysis

Reviewing the CSV enables several insights, on the performance of the companies and the fund manager's investment style.

One of the significant takeaways from the CSV is that the fund's manager seems to be a long-term investor. The majority of the stocks that M3F, Inc. held in Q3 2022 remained in its portfolio in Q4 2022. This investment style aligns with the fundamentals of the financial market, where long-term investors tend to outperform in the long run.

Another takeaway from the CSV is that M3F, Inc.'s holdings are diversified across different sectors. The fund holds stocks in various industries, including financial, health, and energy sectors. This diversification provides the fund with protection against market volatility.

Lastly, the CSV shows that M3F, Inc. holds shares in some stocks that have been underperforming, such as Provident Bancorp Inc (PVBC). The value of the fund's holdings in PVBC decreased by 37.4% between Q3 2022 and Q4 2022. The underperformance of some stocks in the fund indicates that the fund's manager might have made some wrong investment decisions or might have been caught off guard by unexpected external factors.

Conclusion

In conclusion, reviewing the CSV of M3F, Inc.'s Q3 2022 vs Q4 2022 holdings enables one to gain insights about the fund's investment style, the performance of its holdings, and the reasons for the changes in the portfolio. Overall, the CSV shows that the fund's manager is a long-term investor who invests in diversified stocks. While the holding of some stocks has performed well, the performance of others has been lackluster.