BANC FUNDS CO LLC

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, BANC FUNDS CO LLC maintained a portfolio of 103 distinct positions. The most significant new addition to the portfolio was Bank of San Francisc, which now represents 0.80% of the total fund value. They heavily accumulated shares in Private Bancorp of A, increasing their position by 9.2%. The fund also reduced its exposure to SmartFinancial, Inc. by 25.2%.
PCA Score Concentration Risk
Risk ENB
Total Positions
103
Quarter
2026 Q1
Top Holding
PBAM (3.9%)
Top 10 Concentration
30.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 103
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
PBAM
Private Bancorp...
Financial Services 3.92% 3.23% #1 3
Prev: #4
5.6 26,100 9.2%
P
S
309,859 $21,067,313
$23.44 +191.8%
$67.99 +0.6%
2015 Q4 13F Filing 2026-03-31 2026-05-14
OSBC
Old Second Banc...
Financial Services 3.86% 3.49% #2
Prev: #2
5.0 123,953 13.7%
P
S
1,029,143 $20,747,523
$10.40 +98.8%
$20.09 +2.9%
2001 Q2 13F Filing 2026-03-31 2026-05-14
UNTY
Unity Bancorp, ...
Financial Services 3.62% 3.84% #3 2
Prev: #1
3.4 no change no change
P
S
375,469 $19,460,558
$12.49 +323.5%
$51.83 +2.1%
2003 Q1 13F Filing 2026-03-31 2026-05-14
AVBH
Avidbank Holdin...
Financial Services 3.53% 3.14% #4 1
Prev: #5
3.9 68,670 11.5%
P
S
665,100 $18,955,350 2013 Q4 13F Filing 2026-03-31 2026-05-14
AMBZ
American Busine...
Financial Services 3.25% 3.34% #5 2
Prev: #3
2.3 -15,000 -5.8%
P
S
245,773 $17,437,594 2012 Q3 13F Filing 2026-03-31 2026-05-14
BCAL
California BanC...
Financial Services 2.74% 2.83% #6
Prev: #6
3.1 65,000 8.5%
P
S
831,155 $14,728,067 2020 Q2 13F Filing 2026-03-31 2026-05-14
FRBA
First Bank
Financial Services 2.57% 2.15% #7 3
Prev: #10
3.5 205,766 31.3%
P
S
864,205 $13,827,280 2013 Q4 13F Filing 2026-03-31 2026-05-14
WCCB
West Coast Comm...
Financial Services 2.45% 2.38% #8 1
Prev: #7
1.5 3,200 1.2%
P
S
276,651 $13,140,923 2023 Q4 13F Filing 2026-03-31 2026-05-14
MBIN
Merchants Banco...
Financial Services 2.25% 1.65% #9 11
Prev: #20
2.9 36,600 15.0%
P
S
281,062 $12,060,370 2017 Q4 13F Filing 2026-03-31 2026-05-14
MCB
Metropolitan Ba...
Financial Services 2.21% 1.95% #10 2
Prev: #12
2.9 13,400 10.4%
P
S
142,221 $11,845,587 2017 Q4 13F Filing 2026-03-31 2026-05-14
MNSB
MainStreet Banc...
Financial Services 2.19% 1.70% #11 7
Prev: #18
3.4 108,960 25.8%
P
S
530,941 $11,786,890 2016 Q2 13F Filing 2026-03-31 2026-05-14
FRST
Primis Financia...
Financial Services 2.16% 2.17% #12 4
Prev: #8
2.9 84,200 10.7%
P
S
872,961 $11,592,922 2021 Q1 13F Filing 2026-03-31 2026-05-14
TCBI
Texas Capital B...
Financial Services 2.12% 2.15% #13 4
Prev: #9
1.8 no change no change
P
S
119,762 $11,363,019 2006 Q3 13F Filing 2026-03-31 2026-05-14
ALPIB
Alpine Banks of...
Financial Services 1.82% 1.87% #14 1
Prev: #13
1.2 -32,994 -13.9%
P
S
204,321 $9,766,544 2022 Q3 13F Filing 2026-03-31 2026-05-14
PGC
Peapack-Gladsto...
Financial Services 1.80% 1.64% #15 6
Prev: #21
1.2 -23,800 -8.0%
P
S
273,947 $9,645,674 2002 Q1 13F Filing 2026-03-31 2026-05-14
SFST
Southern First ...
Financial Services 1.74% 1.75% #16
Prev: #16
1.7 no change no change
P
S
171,655 $9,355,198 2007 Q2 13F Filing 2026-03-31 2026-05-14
BANC
Banc of Califor...
Financial Services 1.70% 1.98% #17 6
Prev: #11
1.7 no change no change
P
S
519,738 $9,136,994 2013 Q2 13F Filing 2026-03-31 2026-05-14
FBIZ
First Business ...
Financial Services 1.67% 1.79% #18 3
Prev: #15
1.7 no change no change
P
S
166,224 $8,964,460 2011 Q3 13F Filing 2026-03-31 2026-05-14
MYFW
First Western F...
Financial Services 1.59% 1.84% #19 5
Prev: #14
1.1 2,314 0.7%
P
S
348,404 $8,563,770 2018 Q3 13F Filing 2026-03-31 2026-05-14
CBAN
Colony Bankcorp...
Financial Services 1.56% 1.51% #20 4
Prev: #24
1.1 -8,000 -1.9%
P
S
419,478 $8,376,976 2021 Q3 13F Filing 2026-03-31 2026-05-14
CNOB
ConnectOne Banc...
Financial Services 1.55% 1.18% #21 12
Prev: #33
3.1 82,400 36.2%
P
S
310,195 $8,303,920 2014 Q3 13F Filing 2026-03-31 2026-05-14
ALRS
Alerus Financia...
Financial Services 1.54% 0.96% #22 20
Prev: #42
3.6 134,198 62.4%
P
S
349,165 $8,278,702 2019 Q3 13F Filing 2026-03-31 2026-05-14
ISTR
Investar Holdin...
Financial Services 1.53% 1.62% #23 1
Prev: #22
1.6 no change no change
P
S
306,896 $8,200,261 2014 Q2 13F Filing 2026-03-31 2026-05-14
MCBI
Mountain Commer...
Financial Services 1.49% 1.59% #24 1
Prev: #23
1.6 no change no change
P
S
351,330 $8,003,297 2018 Q2 13F Filing 2026-03-31 2026-05-14
BRBS
Blue Ridge Bank...
Financial Services 1.48% 1.71% #25 8
Prev: #17
1.1 -140,000 -6.9%
P
S
1,889,033 $7,933,939 2019 Q1 13F Filing 2026-03-31 2026-05-14
MRBK
Meridian Bank
Financial Services 1.30% 1.12% #26 9
Prev: #35
2.5 48,414 15.1%
P
S
369,333 $7,002,554 2001 Q2 13F Filing 2026-03-31 2026-05-14
TFIN
Triumph Bancorp...
Financial Services 1.30% 1.45% #27
Prev: #27
1.5 no change no change
P
S
117,136 $6,988,334 2014 Q4 13F Filing 2026-03-31 2026-05-14
MPB
Mid Penn Bank
Financial Services 1.25% 1.28% #28
Prev: #28
1.5 no change no change
P
S
207,982 $6,688,701 2018 Q3 13F Filing 2026-03-31 2026-05-14
MBWM
Mercantile Bank...
Financial Services 1.23% 1.25% #29 1
Prev: #30
1.0 319 0.2%
P
S
131,160 $6,623,580 2006 Q1 13F Filing 2026-03-31 2026-05-14
CCNB
Coastal Carolin...
Financial Services 1.21% 1.20% #30 1
Prev: #31
1.5 no change no change
P
S
466,771 $6,488,117 2017 Q2 13F Filing 2026-03-31 2026-05-14
CCNE
CNB Financial C...
Financial Services 1.20% 1.12% #31 3
Prev: #34
1.0 5,200 2.4%
P
S
222,375 $6,439,980 2010 Q2 13F Filing 2026-03-31 2026-05-14
TCBX
Third Coast Ban...
Financial Services 1.19% 1.19% #32
Prev: #32
2.5 11,558 7.3%
P
S
169,064 $6,395,691 2021 Q4 13F Filing 2026-03-31 2026-05-14
BFST
Business First ...
Financial Services 1.18% 0.99% #33 8
Prev: #41
3.0 43,708 22.9%
P
S
234,257 $6,334,309 2018 Q2 13F Filing 2026-03-31 2026-05-14
OBT
Orange County B...
Financial Services 1.18% 1.12% #34 2
Prev: #36
1.5 no change no change
P
S
197,536 $6,317,201 2014 Q2 13F Filing 2026-03-31 2026-05-14
FSUN
FirstSun Capita...
Financial Services 1.14% 1.26% #35 6
Prev: #29
1.5 no change no change
P
S
168,489 $6,143,109 2022 Q3 13F Filing 2026-03-31 2026-05-14
SMBK
SmartFinancial,...
Financial Services 1.09% 1.47% #36 10
Prev: #26
0.4 -50,500 -25.2%
P
S
150,087 $5,865,400 2015 Q4 13F Filing 2026-03-31 2026-05-14
UBFO
United Security...
Financial Services 1.04% 1.07% #37
Prev: #37
0.9 -4,000 -0.7%
P
S
532,316 $5,594,641 2022 Q3 13F Filing 2026-03-31 2026-05-14
BPRN
Princeton Banco...
Financial Services 0.97% 1.06% #38
Prev: #38
1.4 no change no change
P
S
153,926 $5,198,081 2017 Q3 13F Filing 2026-03-31 2026-05-14
STBK
Studio Bank
Financial Services 0.97% 1.00% #39 1
Prev: #40
0.9 3,100 0.7%
P
S
429,056 $5,191,578 2023 Q3 13F Filing 2026-03-31 2026-05-14
BSVN
Bank7 Corp
Financial Services 0.95% 1.04% #40 1
Prev: #39
1.4 no change no change
P
S
128,519 $5,125,338 2021 Q4 13F Filing 2026-03-31 2026-05-14
FSRL
First Reliance ...
Financial Services 0.88% 0.85% #41 7
Prev: #48
0.9 -9,600 -2.7%
P
S
341,313 $4,744,251 2018 Q1 13F Filing 2026-03-31 2026-05-14
WRIV
White River Ban...
Financial Services 0.88% 0.87% #42 3
Prev: #45
1.4 no change no change
P
S
89,000 $4,717,000 2018 Q4 13F Filing 2026-03-31 2026-05-14
BWFG
Bankwell Financ...
Financial Services 0.87% 0.87% #43 1
Prev: #44
1.3 no change no change
P
S
96,423 $4,678,444 2014 Q2 13F Filing 2026-03-31 2026-05-14
FCPB
First Capital B...
Financial Services 0.81% 0.83% #44 5
Prev: #49
0.8 -1,821 -0.5%
P
S
358,995 $4,376,149 2020 Q4 13F Filing 2026-03-31 2026-05-14
BSFO
Bank of San Fra...
Financial Services 0.80% #45
Prev: #—
3.8 115,072 no change
NEW
115,072 $4,317,501 2026 Q1 13F Filing 2026-03-31 2026-05-14
CBSH
Commerce Bancsh...
Financial Services 0.79% #46
Prev: #—
3.8 86,774 no change
NEW
86,774 $4,269,281 2026 Q1 13F Filing 2026-03-31 2026-05-14
RCBC
River City Bank
Financial Services 0.79% 0.88% #47 4
Prev: #43
0.8 820 0.8%
P
S
101,590 $4,266,780 2012 Q4 13F Filing 2026-03-31 2026-05-14
CZWI
Citizens Commun...
Financial Services 0.76% 0.87% #48 2
Prev: #46
0.8 -40,231 -16.3%
P
S
206,055 $4,079,889 2018 Q1 13F Filing 2026-03-31 2026-05-14
SABK
South Atlantic ...
Financial Services 0.76% 0.70% #49 5
Prev: #54
0.8 -100 -0.1%
P
S
179,396 $4,070,495 2017 Q2 13F Filing 2026-03-31 2026-05-14
ORPB
Oregon Pacific ...
Financial Services 0.74% 0.81% #50
Prev: #50
1.3 no change no change
P
S
361,932 $3,974,013 2008 Q2 13F Filing 2026-03-31 2026-05-14
Showing 1-50 of 103 holdings

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