BANC FUNDS CO LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| OLD SECOND BANCORP INC DEL | OSBC | $24.1M | 1,034,143 | +0.12pp | 31q | HELD | |
| Private Bancorp of America, Inc. | PBAM | $23.2M | 313,859 | -0.09pp | 31q | +1.3%+$296.0K | |
| AVIDBANK HLDGS INC | AVBH | $22.1M | 668,100 | +0.12pp | 31q | HELD | |
| UNITY BANCORP INC | UNTY | $21.7M | 370,469 | -0.03pp | 31q | -1.3%-$293.5K | |
| FIRST CAROLINA FINL SVCS INC | FCBM | $17.7M | 1,338,750 | - | new | NEW | |
| CALIFORNIA BANCORP | BCAL | $17.0M | 816,155 | +0.07pp | 25q | -1.8%-$312.6K | |
| American Business Bank | AMBZ | $16.7M | 229,173 | -0.49pp | 31q | -6.8%-$1.2M | |
| FIRST BK WILLIAMSTOWN NEW JE | FRBA | $15.3M | 864,205 | -0.04pp | 31q | HELD | |
| West Coast Community Bancorp | WCCB | $15.1M | 301,420 | +0.04pp | 11q | +9.0%+$1.2M | |
| METROPOLITAN BK HLDG CORP | MCB | $14.5M | 147,221 | +0.20pp | 31q | +3.5%+$493.8K | |
| PRIMIS FINANCIAL CORP | FRST | $14.3M | 872,961 | +0.20pp | 22q | HELD | |
| MERCHANTS BANCORP IND | MBIN | $14.3M | 285,062 | +0.11pp | 31q | +1.4%+$200.0K | |
| MAINSTREET BANCSHARES INC | MNSB | $13.5M | 545,679 | +0.03pp | 31q | +2.8%+$363.9K | |
| PEAPACK-GLADSTONE FINL CORP | PGC | $13.0M | 273,947 | +0.35pp | 31q | HELD | |
| TEXAS CAP BANCSHARES INC | TCBI | $12.4M | 119,762 | -0.07pp | 20q | HELD | |
| FIRST WESTN FINL INC | MYFW | $11.0M | 342,404 | +0.22pp | 31q | -1.7%-$192.7K | |
| ALERUS FINL CORP | ALRS | $10.9M | 349,165 | +0.25pp | 28q | HELD | |
| BANC OF CALIFORNIA INC | BANC | $10.6M | 519,738 | +0.05pp | 19q | HELD | |
| CONNECTONE BANCORP INC | CNOB | $10.4M | 310,195 | +0.17pp | 31q | HELD | |
| FIRST BUSINESS FINL SVCS INC | FBIZ | $10.3M | 163,224 | +0.03pp | 31q | -1.8%-$189.5K | |
| SOUTHERN FIRST BANCSHARES | SFST | $9.9M | 162,655 | -0.10pp | 31q | -5.2%-$549.9K | |
| Alpine Banks of Colorado | ALPIB | $9.8M | 204,321 | -0.20pp | 16q | HELD | |
| FIRSTSUN CAP BANCORP | FSUN | $9.2M | 238,031 | +0.38pp | 16q | +41.3%+$2.7M | |
| INVESTAR HOLDING CORP | ISTR | $9.2M | 306,896 | -0.01pp | 31q | HELD | |
| TRIUMPH FINANCIAL INC | TFIN | $8.9M | 117,136 | +0.18pp | 31q | HELD | |
| COLONY BANKCORP INC | CBAN | $8.9M | 441,478 | -0.09pp | 20q | +5.2%+$442.0K | |
| Coastal Carolina Bancshares, Inc. | CCNB | $8.3M | 492,071 | +0.16pp | 31q | +5.4%+$425.8K | |
| MERIDIAN CORP | MRBK | $7.7M | 382,533 | -0.04pp | 31q | +3.6%+$264.4K | |
| MERCANTILE BK CORP | MBWM | $7.5M | 131,160 | +0.01pp | 31q | HELD | |
| CNB FINL CORP PA | CCNE | $7.5M | 222,375 | +0.04pp | 31q | HELD | |
| MID PENN BANCORP INC | MPB | $7.2M | 207,982 | -0.05pp | 31q | HELD | |
| BUSINESS FIRST BANCSHARES IN | BFST | $7.2M | 234,257 | +0.01pp | 31q | HELD | |
| ORANGE CNTY BANCORP INC | OBT | $6.8M | 186,035 | -0.05pp | 31q | -5.8%-$423.0K | |
| THIRD COAST BANCSHARES INC | TCBX | $6.8M | 169,064 | -0.06pp | 19q | HELD | |
| BLUE RIDGE BANKSHARES INC VA | BRBS | $6.7M | 1,889,033 | -0.38pp | 30q | HELD | |
| COMMUNITY WEST BANCSHARES | CWBC | $6.5M | 240,606 | - | new | NEW | |
| BANK7 CORP | BSVN | $6.3M | 128,519 | +0.08pp | 19q | HELD | |
| BURKE HERBERT FINL SVCS CORP | BHRB | $5.9M | 82,374 | - | new | NEW | |
| PRINCETON BANCORP INC | BPRN | $5.8M | 153,926 | flat | 15q | HELD | |
| Studio Financial Holdings Inc | STBK | $5.6M | 429,056 | -0.03pp | 12q | HELD | |
| River City Bank | RCBC | $5.6M | 128,354 | +0.13pp | 31q | +26.3%+$1.2M | |
| First Reliance Bancshares, Inc. | FSRL | $5.5M | 297,472 | +0.02pp | 31q | -12.8%-$808.0K | |
| BANKWELL FINL GROUP INC | BWFG | $5.3M | 90,423 | +0.01pp | 31q | -6.2%-$352.5K | |
| Bank of San Francisco | BSFO | $5.1M | 117,072 | +0.04pp | 2q | +1.7%+$87.0K | |
| White River Bancshares Company | WRIV | $4.9M | 89,000 | -0.08pp | 31q | HELD | |
| SMARTFINANCIAL INC | SMBK | $4.6M | 97,626 | -0.34pp | 31q | -35.0%-$2.5M | |
| CITIZENS CMNTY BANCORP INC M | CZWI | $4.6M | 195,055 | -0.01pp | 31q | -5.3%-$257.3K | |
| FIRST INTERNET BANCORP | INBK | $4.5M | 162,176 | +0.13pp | 31q | HELD | |
| South Atlantic Bancshares, Inc. | SABK | $4.5M | 175,596 | -0.02pp | 31q | -2.1%-$96.9K | |
| Community Heritage Financial Inc. | CMHF | $4.5M | 125,424 | +0.01pp | 31q | HELD | |
| AMERANT BANCORP INC | AMTB | $4.4M | 174,000 | -0.01pp | 8q | -3.3%-$153.1K | |
| FIVE STAR BANCORP | FSBC | $4.2M | 85,919 | +0.09pp | 21q | HELD | |
| Summit Bank Group, Inc. | SBKO | $4.1M | 184,501 | -0.01pp | 22q | -3.1%-$133.6K | |
| First Capital Bancshares, Inc. | FCPB | $4.1M | 318,995 | -0.15pp | 23q | -11.1%-$508.0K | |
| Oregon Pacific Bancorp | ORPB | $4.0M | 361,932 | -0.07pp | 30q | HELD | |
| SIERRA BANCORP | BSRR | $4.0M | 99,255 | -0.05pp | 31q | -12.4%-$570.6K | |
| FVCBANKCORP INC | FVCB | $3.7M | 214,088 | +0.01pp | 31q | HELD | |
| Blueharbor Bank | BLHK | $3.7M | 87,402 | -0.10pp | 31q | -9.3%-$382.5K | |
| PINNACLE FINL PARTNERS INC | PNFP | $3.6M | 35,800 | +0.25pp | 2q | +64.2%+$1.4M | |
| MVB FINL CORP | MVBF | $3.4M | 116,010 | +0.13pp | 31q | +27.1%+$718.5K | |
| FIRST BUSEY CORP | BUSE | $3.4M | 114,077 | -0.04pp | 6q | -10.2%-$383.5K | |
| Endeavor Bancorp | EDVR | $3.3M | 171,092 | +0.03pp | 10q | +2.0%+$64.6K | |
| HOME BANCSHARES INC | HOMB | $3.2M | 112,099 | - | new | NEW | |
| SHORE BANCSHARES INC | SHBI | $3.1M | 136,243 | -0.16pp | 31q | -30.3%-$1.4M | |
| SUMMIT ST BK SANTA ROSA CALI | SSBI | $2.7M | 195,627 | -0.06pp | 31q | -1.8%-$48.8K | |
| CAPITAL BANCORP INC MD | CBNK | $2.6M | 75,300 | +0.02pp | 31q | HELD | |
| Commencement Bancorp, Inc. | CBWA | $2.4M | 138,720 | -0.01pp | 25q | +6.1%+$140.4K | |
| EAGLE FINL SVCS INC | EFSI | $2.3M | 56,500 | -0.04pp | 6q | -13.1%-$352.4K | |
| COASTALSOUTH BANCSHARES INC | COSO | $2.3M | 85,715 | -0.01pp | 31q | HELD | |
| American Riviera Bancorp | ARBV | $2.3M | 89,380 | -0.01pp | 18q | HELD | |
| RENASANT CORP | RNST | $2.2M | 51,875 | +0.08pp | 8q | +23.9%+$425.4K | |
| FSBH CORP | FSBH | $2.2M | 135,250 | -0.04pp | 10q | HELD | |
| BRIDGEWATER BANCSHARES INC | BWB | $2.0M | 96,479 | flat | 31q | -4.9%-$105.2K | |
| FB FINL CORP | FBK | $2.0M | 35,496 | -0.02pp | 4q | HELD | |
| USCB FINANCIAL HOLDINGS INC | USCB | $2.0M | 95,580 | -0.01pp | 19q | HELD | |
| Lake Ridge Bancorp | LRBI | $1.7M | 11,429 | +0.11pp | 2q | +61.3%+$651.7K | |
| F&M Bank Corp UNVERIFIED ID | $1.7M | 47,100 | +0.01pp | 4q | HELD | ||
| Grand River Commerce, Inc. | GNRV | $1.6M | 304,400 | -0.01pp | 31q | -14.8%-$278.8K | |
| Mission Valley Bancorp | MVLY | $1.5M | 78,507 | -0.02pp | 31q | HELD | |
| TOWNEBANK PORTSMOUTH VA | TOWN | $1.5M | 40,804 | -0.01pp | 2q | HELD | |
| BANCORP INC DEL | TBBK | $1.5M | 23,592 | +0.01pp | 20q | HELD | |
| Pinnacle Bankshares Corporation | PPBN | $1.4M | 25,464 | -0.09pp | 31q | -32.0%-$665.9K | |
| SOMERSET TR HLDG CO | SOME | $1.2M | 16,017 | -0.01pp | 7q | HELD | |
| Pacific West Bancorp | PWBK | $1.2M | 92,857 | -0.01pp | 15q | HELD | |
| SouthPoint Bancshares, Inc. | SOUB | $1.1M | 74,638 | -0.02pp | 29q | HELD | |
| BANCORP 34 INC | BCTF | $951.7K | 61,857 | -0.14pp | 14q | -42.1%-$692.3K | |
| FIRST NATL CORP VA | FXNC | $941.8K | 31,374 | -0.09pp | 31q | -36.5%-$540.9K | |
| Pinnacle Bank/Gilroy CA | PBNK | $796.8K | 44,514 | flat | 31q | HELD | |
| STOCK YDS BANCORP INC | SYBT | $764.7K | 10,000 | - | new | NEW | |
| BYLINE BANCORP INC | BY | $741.2K | 19,682 | -0.08pp | 31q | -42.4%-$545.1K | |
| BAYFIRST FINANCIAL CORP | BAFN | $458.4K | 91,679 | -0.03pp | 19q | HELD | |
| Potomac Bancshares, Inc. | PTBS | $295.4K | 12,432 | flat | 31q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $452.5M | 74.7% |
| Funds & ETFs | $18.0M | 3.0% |
| Not classified | $135.0M | 22.3% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $605.5M | 92 | 5 | 17 | 27 | 10 | 31.0% | 44 |
| Q1 2026 | $537.2M | 97 | 5 | 27 | 24 | 6 | 30.4% | 44 |
| Q4 2025 | $505.2M | 98 | 0 | 6 | 56 | 13 | 28.7% | 43 |
| Q3 2025 | $572.0M | 111 | 4 | 3 | 67 | 8 | 27.2% | 45 |
| Q2 2025 | $661.6M | 115 | 2 | 4 | 84 | 5 | 26.3% | 45 |
| Q1 2025 | $758.5M | 118 | 5 | 9 | 69 | 8 | 25.8% | 44 |
| Q4 2024 | $906.6M | 121 | 4 | 14 | 52 | 8 | 25.8% | 44 |
| Q3 2024 | $921.4M | 125 | 5 | 15 | 64 | 7 | 24.2% | 45 |
| Q2 2024 | $843.0M | 127 | 1 | 25 | 63 | 8 | 24.9% | 45 |
| Q1 2024 | $884.7K | 134 | 2 | 17 | 68 | 13 | 25.1% | 43 |
| Q4 2023 | $1.0M | 145 | 1 | 22 | 38 | 5 | 24.1% | 44 |
| Q3 2023 | $852.7K | 149 | 1 | 8 | 35 | 7 | 22.8% | 44 |
| Q2 2023 | $849.0K | 155 | 1 | 21 | 30 | 4 | 22.0% | 42 |
| Q1 2023 | $936.3K | 158 | 3 | 26 | 44 | 11 | 21.9% | 42 |
| Q4 2022 | $1.1M | 166 | 3 | 36 | 46 | 12 | 21.4% | 44 |
| Q3 2022 | $1.1B | 175 | 4 | 27 | 55 | 12 | 21.1% | 45 |
| Q2 2022 | $1.1B | 183 | 4 | 27 | 59 | 11 | 21.0% | 43 |
| Q1 2022 | $1.3B | 190 | 5 | 62 | 39 | 12 | 20.8% | 41 |
| Q4 2021 | $1.3B | 197 | 14 | 31 | 67 | 12 | 20.1% | 42 |
| Q3 2021 | $1.3B | 195 | 12 | 22 | 84 | 12 | 18.6% | 43 |
| Q2 2021 | $1.4B | 195 | 7 | 63 | 55 | 9 | 17.7% | 43 |
| Q1 2021 | $1.3B | 197 | 15 | 52 | 46 | 8 | 18.3% | 42 |
| Q4 2020 | $1.1B | 190 | 4 | 66 | 41 | 3 | 18.0% | 47 |
| Q3 2020 | $770.0M | 189 | 8 | 37 | 59 | 14 | 16.6% | 43 |
| Q2 2020 | $839.8M | 195 | 7 | 48 | 77 | 18 | 18.2% | 43 |
| Q1 2020 | $839.7M | 206 | 5 | 38 | 80 | 10 | 17.6% | 44 |
| Q4 2019 | $1.4B | 211 | 4 | 58 | 46 | 10 | 19.5% | 43 |
| Q3 2019 | $1.3B | 217 | 4 | 56 | 75 | 12 | 19.4% | 45 |
| Q2 2019 | $1.3B | 225 | 7 | 53 | 66 | 15 | 19.8% | 43 |
| Q1 2019 | $1.3B | 233 | 5 | 56 | 47 | 21 | 17.8% | 43 |
| Q4 2018 | $1.3B | 249 | 0 | 0 | 0 | 0 | 17.8% | 42 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.