BANC FUNDS CO LLC

CIK

1029311

Location

CHICAGO, IL

Portfolio Value

Small $493,771,529

Diversification

Diversified

Filing Date

Global Rank

#3,871 / 8,818 ▲ 9

Top Industry

Banks - Regional 100.0%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 37.3%, 40.7 effective positions, active share 98.3% against the Russell 2000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

13.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 22.0 quarters (12+), a floor since 65.4% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 98.3%; sector active share 88.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

64 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

4.9%

−0.0 pts

Top 5

22.1%

−0.1 pts

Top 10

37.3%

+1.1 pts

HHI

246

Diversified+11

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	100.0%	$493,771,529	64

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
FSUN	Firstsun Capital Bancorp	+69,542	238,031	$9,230,842
CCNB	Coastal Carolina Bancshares, Inc.	+25,300	492,071	$8,281,554
WCCB	West Coast Community Bancorp	+24,769	301,420	$15,071,000
MVBF	Mvb Financial Corp	+24,766	116,010	$3,365,450
CBAN	Colony Bankcorp Inc	+22,000	441,478	$8,869,293
MNSB	MainStreet Bancshares, Inc.	+14,738	545,679	$13,472,814
PNFP	Pinnacle Financial Partners, Inc.	+14,000	35,800	$3,611,504
MRBK	Meridian Corp	+13,200	382,533	$7,662,135
RNST	Renasant Corp	+10,000	51,875	$2,206,762
OSBC	Old Second Bancorp Inc	+5,000	1,034,143	$24,116,214
MCB	Metropolitan Bank Holding Corp.	+5,000	147,221	$14,539,545
PBAM	Private Bancorp of America, Inc.	+4,000	313,859	$23,225,566
MBIN	Merchants Bancorp	+4,000	285,062	$14,253,100
AVBH	Avidbank Holdings, Inc.	+3,000	668,100	$22,067,343
No positions match the current search.

Trimmed

Positions the filer reduced

18 positions

Ticker	Company	Δ Shares	Shares	Value
SHBI	Shore Bancshares Inc	−59,320	136,243	$3,126,776
SMBK	Smartfinancial Inc.	−52,461	97,626	$4,580,611
BCTF	Bancorp 34, Inc.	−45,000	61,857	$951,670
FXNC	First National Corp	−18,017	31,374	$941,847
BCAL	California BanCorp \ CA	−15,000	816,155	$17,008,670
BY	Byline Bancorp, Inc.	−14,475	19,682	$741,224
BSRR	Sierra Bancorp	−14,000	99,255	$4,045,633
BUSE	First Busey Corp	−13,000	114,077	$3,365,271
OBT	Orange County Bancorp, Inc.	−11,501	186,035	$6,842,367
CZWI	Citizens Community Bancorp Inc.	−11,000	195,055	$4,562,336
SFST	Southern First Bancshares Inc	−9,000	162,655	$9,938,220
EFSI	Eagle Financial Services Inc	−8,500	56,500	$2,342,490
AMTB	Amerant Bancorp Inc.	−6,000	174,000	$4,440,480
BWFG	Bankwell Financial Group, Inc.	−6,000	90,423	$5,312,351
MYFW	First Western Financial Inc	−6,000	342,404	$10,994,592
UNTY	Unity Bancorp Inc	−5,000	370,469	$21,742,825
BWB	Bridgewater Bancshares Inc	−5,000	96,479	$2,029,918
FBIZ	First Business Financial Services, Inc.	−3,000	163,224	$10,310,860
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
FCBM	First Carolina Financial Services, Inc.	1,338,750	$17,725,050
BHRB	Burke & Herbert Financial Services Corp.	82,374	$5,919,395
HOMB	Home Bancshares Inc	112,099	$3,200,426
SYBT	Stock Yards Bancorp, Inc.	10,000	$764,700
No positions match the current search.

Sold Out

Positions the filer fully exited

8 positions

Ticker	Company	Shares	Value
—		532,316	$5,594,641
CBSH	Commerce Bancshares Inc	86,774	$4,269,280
FNRN	First Northern Community Bancorp	234,181	$3,721,136
—		401,593	$3,349,286
—		432,396	$2,551,136
HNVR	Hanover Bancorp, Inc.	76,757	$1,657,183
—		75,139	$937,735
FCCO	First Community Corp	16,317	$476,945
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

64 tracked positions · $493,771,529 total · filing declares 92 positions · $605,452,100 · as of Jun 30, 2026

All sectors Financial Services

Showing 1–50 of 64 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
OSBC	Old Second Bancorp Inc Financial Services	Added	1,034,143	+5,000	$24,116,214	+16.2%	26+	before history	4.88%
PBAM	Private Bancorp of America, Inc. Financial Services	Added	313,859	+4,000	$23,225,566	+10.2%	26+	before history	4.70%
AVBH	Avidbank Holdings, Inc. Financial Services	Added	668,100	+3,000	$22,067,343	+16.4%	26+	before history	4.47%
UNTY	Unity Bancorp Inc Financial Services	Reduced	370,469	-5,000	$21,742,825	+11.7%	26+	before history	4.40%
FCBM	First Carolina Financial Services, Inc. Financial Services	NEW	1,338,750	NEW	$17,725,050	NEW	1	unpriced	3.59%
BCAL	California BanCorp \ CA Financial Services	Reduced	816,155	-15,000	$17,008,670	+15.5%	25	$13.97	3.44%
WCCB	West Coast Community Bancorp Financial Services	Added	301,420	+24,769	$15,071,000	+14.7%	11	unpriced	3.05%
MCB	Metropolitan Bank Holding Corp. Financial Services	Added	147,221	+5,000	$14,539,545	+22.7%	26+	before history	2.94%
FRST	Primis Financial Corp. Financial Services	Held	872,961	0	$14,290,371	+23.3%	22	$13.44	2.89%
MBIN	Merchants Bancorp Financial Services	Added	285,062	+4,000	$14,253,100	+18.2%	26+	before history	2.89%
MNSB	MainStreet Bancshares, Inc. Financial Services	Added	545,679	+14,738	$13,472,814	+14.3%	26+	before history	2.73%
PGC	Peapack Gladstone Financial Corp Financial Services	Held	273,947	0	$12,965,911	+34.4%	26+	before history	2.63%
TCBI	Texas Capital Bancshares Inc Financial Services	Held	119,762	0	$12,366,624	+8.8%	20	$62.22	2.50%
MYFW	First Western Financial Inc Financial Services	Reduced	342,404	-6,000	$10,994,592	+28.4%	26+	before history	2.23%
ALRS	Alerus Financial Corp Financial Services	Held	349,165	0	$10,859,031	+31.2%	26+	before history	2.20%
BANC	Banc Of California, Inc. Financial Services	Held	519,738	0	$10,618,247	+16.2%	19	$17.42	2.15%
CNOB	ConnectOne Bancorp, Inc. Financial Services	Held	310,195	0	$10,372,920	+24.9%	26+	before history	2.10%
FBIZ	First Business Financial Services, Inc. Financial Services	Reduced	163,224	-3,000	$10,310,860	+15.0%	26+	before history	2.09%
SFST	Southern First Bancshares Inc Financial Services	Reduced	162,655	-9,000	$9,938,220	+6.2%	26+	before history	2.01%
ALPIB	Alpine Banks Of Colorado Financial Services	Held	204,321	0	$9,803,321	+0.4%	16	unpriced	1.99%
FSUN	Firstsun Capital Bancorp Financial Services	Added	238,031	+69,542	$9,230,842	+50.3%	16	unpriced	1.87%
ISTR	Investar Holding Corp Financial Services	Held	306,896	0	$9,194,604	+9.9%	26+	before history	1.86%
TFIN	Triumph Financial, Inc. Financial Services	Held	117,136	0	$8,938,648	+27.9%	26+	before history	1.81%
CBAN	Colony Bankcorp Inc Financial Services	Added	441,478	+22,000	$8,869,293	+5.9%	20	$17.43	1.80%
CCNB	Coastal Carolina Bancshares, Inc. Financial Services	Added	492,071	+25,300	$8,281,554	+27.6%	26+	before history	1.68%
MRBK	Meridian Corp Financial Services	Added	382,533	+13,200	$7,662,135	+9.4%	26+	before history	1.55%
MBWM	Mercantile Bank Corp Financial Services	Held	131,160	0	$7,531,207	+13.7%	26+	before history	1.53%
CCNE	Cnb Financial Corp Financial Services	Held	222,375	0	$7,496,261	+16.4%	26+	before history	1.52%
MPB	Mid Penn Bancorp Inc Financial Services	Held	207,982	0	$7,246,092	+8.3%	26+	before history	1.47%
BFST	Business First Bancshares, Inc. Financial Services	Held	234,257	0	$7,198,717	+13.6%	26+	before history	1.46%
OBT	Orange County Bancorp, Inc. Financial Services	Reduced	186,035	-11,501	$6,842,367	+8.3%	26+	before history	1.39%
TCBX	Third Coast Bancshares, Inc. Financial Services	Held	169,064	0	$6,830,185	+6.8%	19	$24.45	1.38%
BRBS	Blue Ridge Bankshares, Inc. Financial Services	Held	1,889,033	0	$6,668,286	−16.0%	26+	before history	1.35%
BSVN	Bank7 Corp. Financial Services	Held	128,519	0	$6,291,005	+22.7%	19	$24.04	1.27%
BHRB	Burke & Herbert Financial Services Corp. Financial Services	NEW	82,374	NEW	$5,919,395	NEW	1	$64.68	1.20%
BPRN	Princeton Bancorp, Inc. Financial Services	Held	153,926	0	$5,841,491	+12.4%	15	$31.77	1.18%
BWFG	Bankwell Financial Group, Inc. Financial Services	Reduced	90,423	-6,000	$5,312,351	+13.5%	26+	before history	1.08%
WRIV	White River Bancshares Co Financial Services	Held	89,000	0	$4,859,400	+3.0%	26+	before history	0.98%
SMBK	Smartfinancial Inc. Financial Services	Reduced	97,626	-52,461	$4,580,611	−21.9%	26+	before history	0.93%
CZWI	Citizens Community Bancorp Inc. Financial Services	Reduced	195,055	-11,000	$4,562,336	+11.8%	26+	before history	0.92%
INBK	First Internet Bancorp Financial Services	Held	162,176	0	$4,508,492	+36.4%	26+	before history	0.91%
AMTB	Amerant Bancorp Inc. Financial Services	Reduced	174,000	-6,000	$4,440,480	+11.9%	8	$21.66	0.90%
FSBC	Five Star Bancorp Financial Services	Held	85,919	0	$4,183,396	+29.1%	21	$25.15	0.85%
BSRR	Sierra Bancorp Financial Services	Reduced	99,255	-14,000	$4,045,633	+5.3%	26+	before history	0.82%
FVCB	FVCBankcorp, Inc. Financial Services	Held	214,088	0	$3,746,540	+15.2%	26+	before history	0.76%
PNFP	Pinnacle Financial Partners, Inc. Financial Services	Added	35,800	+14,000	$3,611,504	+92.3%	2	$94.19	0.73%
MVBF	Mvb Financial Corp Financial Services	Added	116,010	+24,766	$3,365,450	+48.5%	26+	before history	0.68%
BUSE	First Busey Corp Financial Services	Reduced	114,077	-13,000	$3,365,271	+4.8%	6	$24.03	0.68%
HOMB	Home Bancshares Inc Financial Services	NEW	112,099	NEW	$3,200,426	NEW	1	$27.17	0.65%
SHBI	Shore Bancshares Inc Financial Services	Reduced	136,243	-59,320	$3,126,776	−14.4%	26+	before history	0.63%

Showing the top 50 of 64 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.