How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to BANC FUNDS

13F Portfolio OverlapQ1 2026BANC FUNDS portfolio →

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Most similar hedge funds by 13F overlap

BANC FUNDS CO LLC is an institutional investor managing $537M across 97 U.S. equity positions as of Q1 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to BANC FUNDS are Fourthstone, MENDON ADVISORS, Elizabeth Park Advisors, Ltd., with shared positions in $AVBH, $CBAN, $ISTR, $MRBK, $MPB, $MCB. The full ranking of 25 similar funds is below.

#1Fourthstone LLCActive

Substantial overlap · 13 shared positions

$AVBH $CBAN $ISTR $MRBK $MPB $MCB

$590M

62 positions

#2MENDON CAPITAL ADVISORS CORPActive

Notable overlap · 10 shared positions

$FRST $BCAL $AVBH $MYFW $BANC $BFST

$258M

53 positions

#3Elizabeth Park Capital Advisors, Ltd.Active

Notable overlap · 8 shared positions

$BCAL $OSBC $BRBS $CNOB $MBWM $SMBK

$130M

46 positions

#4EJF Capital LLCPassive

Notable overlap · 8 shared positions

$MCB $BANC $AVBH $OSBC $FRST $CCNE

$142M

69 positions

#5ENDEAVOUR CAPITAL ADVISORS INCActive

Notable overlap · 6 shared positions

$AVBH $BCAL $SFST $ALRS $BANC $CNOB

$441M

37 positions

#6SALZHAUER MICHAELSmart money

Notable overlap · 11 shared positions

$FRST $PGC $BANC $FSUN $SMBK $CBSH

$212M

75 positions

#7Rosenthal {-} Henry Capital Advisors, Inc.Active

Notable overlap · 8 shared positions

$UNTY $FBIZ $CNOB $MBWM $TCBX $TFIN

$102M

42 positions

#8Petiole USA ltdActive

Notable overlap · 7 shared positions

$BANC $BCAL $CBAN $FRST $MPB $CCNE

$143M

32 positions

#9Patriot Financial Partners GP II, L.P.Active

Notable overlap · 4 shared positions

$AVBH $MCB $FRST $AMTB

$388M

12 positions

#10Stieven Capital Advisors, L.P.Active

Notable overlap · 6 shared positions

$OSBC $CNOB $CCNE $ALRS $MCB $SMBK

$468M

35 positions

#11FJ Capital Management LLCActive

Notable overlap · 4 shared positions

$BCAL $OSBC $SFST $AMTB

$888M

126 positions

#12Siena Capital Partners GP, LLCPassive

Notable overlap · 6 shared positions

$BCAL $OSBC $MBWM $CCNE $BWFG $SHBI

$385M

100 positions

#13JACOBS ASSET MANAGEMENT, LLCActive

Notable overlap · 6 shared positions

$MYFW $TFIN $OSBC $AVBH $CBSH $BRBS

$167M

28 positions

#14Pacific Ridge Capital Partners, LLCPassive

Notable overlap · 5 shared positions

$MCB $UNTY $FBIZ $CBAN $BWFG

$462M

137 positions

#15MALTESE CAPITAL MANAGEMENT LLCPassive

Some overlap · 5 shared positions

$FRST $CCNE $UNTY $AMTB $AVBH

$508M

104 positions

#16STRATEGIC VALUE BANK PARTNERS LLCActive

Some overlap · 4 shared positions

$PGC $MRBK $TCBX $CBSH

$186M

14 positions

#17Sippican Capital AdvisorsPassive

Some overlap · 4 shared positions

$ALRS $TFIN $MCB $BANC

$146M

107 positions

#18PMC FIG Opportunities LLCActive

Some overlap · 4 shared positions

$MYFW $TFIN $CNOB $AMTB

$65M

29 positions

#19Oppenheimer & Close, LLCPassive

Some overlap · 5 shared positions

$PGC $CCNE $CBAN $MPB $BRBS

$159M

56 positions

#20rhino investment partners, IncActive