BANC FUNDS CO LLC
Sector Allocation
- Financials72.3%$437.7M
- Other27.7%$167.7M
AUM History
13fpro.ai/research/fund/banc-funds-co-llc-1029311
Conviction and streaks
Stable · top 10 = 31.0%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
OSBC
$24.1M- Private$23.2M
AVBH
$22.1MUNTY
$21.7MFCBM
$17.7MBCAL
$17.0M- American$16.7M
- First$15.3M
- West$15.1M
MCB
$14.5MFRST
$14.3MMBIN
$14.3MMNSB
$13.5MPGC
$13.0MTCBI
$12.4MMYFW
$11.0MALRS
$10.9MBANC
$10.6MCNOB
$10.4MFBIZ
$10.3M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/banc-funds-co-llc-1029311
BANC FUNDS CO LLC 13F holdings — Q2 2026
$605.5M portfolio (+12.7% QoQ) · 92 holdings · Q2 2026 13F · top 10 are 31% of the stock portfolio
$24.1M
4.0% of stocks
+0.5%This quarter-4.0%Since filed9+ qtrsHeld- 2
Private Bancorp of America, Inc. - Common Stock
$23.2M
3.8% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— $22.1M
3.6% of stocks
+0.5%This quarter-4.0%Since filed9+ qtrsHeld$21.7M
3.6% of stocks
-1%This quarter-5.7%Since filed9+ qtrsHeld$17.7M
2.9% of stocks
NewThis quarter+1.4%Since filedNew this quarterHeld$17.0M
2.8% of stocks
-2%This quarter+1.1%Since filed9+ qtrsHeld- 7
American Business Bank - Common Stock
$16.7M
2.8% of stocks
-7%This quarter—Since filed—HeldAIQuality—Est. buy— - 8
First Bank - Common Stock
$15.3M
2.5% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— - 9
West Coast Community Bancorp - Common Stock
$15.1M
2.5% of stocks
+9%This quarter—Since filed—HeldAIQuality—Est. buy— $14.5M
2.4% of stocks
+4%This quarter+3.2%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row
All holdings — BANC FUNDS CO LLC (Q2 2026)
92 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Primis Financial Corp. | Financials | $14.3M | 2.4% | 873K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Merchants Bancorp | Financials | $14.3M | 2.4% | 285K | +1% | 9+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | MainStreet Bancshares, Inc. | Financials | $13.5M | 2.2% | 546K | +3% | 9+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | PEAPACK GLADSTONE FINANCIAL CORP | Financials | $13.0M | 2.1% | 274K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | TEXAS CAPITAL BANCSHARES INC/TX | Financials | $12.4M | 2.0% | 120K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | First Western Financial Inc | Financials | $11.0M | 1.8% | 342K | -2% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | ALERUS FINANCIAL CORP | Financials | $10.9M | 1.8% | 349K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | BANC OF CALIFORNIA, INC. | Financials | $10.6M | 1.8% | 520K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | ConnectOne Bancorp, Inc. | Financials | $10.4M | 1.7% | 310K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | FIRST BUSINESS FINANCIAL SERVICES, INC. | Financials | $10.3M | 1.7% | 163K | -2% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | SOUTHERN FIRST BANCSHARES INC | Financials | $9.9M | 1.6% | 163K | -5% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | — | Alpine Banks of Colorado - Common Stock | — | $9.8M | 1.6% | 204K | — | — | — | 13F |
| 23 | FIRSTSUN CAPITAL BANCORP | Financials | $9.2M | 1.5% | 238K | +41% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Investar Holding Corp | Financials | $9.2M | 1.5% | 307K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Triumph Financial, Inc. | Financials | $8.9M | 1.5% | 117K | — | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CBAN | COLONY BANKCORP INC | Financials | $8.9M | 1.5% | 441K | +5% | |||
| 27 | — | Coastal Carolina Bancshares, Inc. - Common Stock | — | $8.3M | 1.4% | 492K | +5% | |||
| 28 | $MRBK | Meridian Corp | Financials | $7.7M | 1.3% | 383K | +4% | |||
| 29 | $MBWM | MERCANTILE BANK CORP | Financials | $7.5M | 1.2% | 131K | — | |||
| 30 | $CCNE | CNB FINANCIAL CORP/PA | Financials | $7.5M | 1.2% | 222K | — | |||
| 31 | $MPB | MID PENN BANCORP INC | Financials | $7.2M | 1.2% | 208K | — | |||
| 32 | $BFST | Business First Bancshares, Inc. | Financials | $7.2M | 1.2% | 234K | — | |||
| 33 | $OBT | Orange County Bancorp, Inc. /DE/ | Financials | $6.8M | 1.1% | 186K | -6% | |||
| 34 | $TCBX | Third Coast Bancshares, Inc. | Financials | $6.8M | 1.1% | 169K | — | |||
| 35 | $BRBS | BLUE RIDGE BANKSHARES, INC. | Financials | $6.7M | 1.1% | 1.89M | — | |||
| 36 | $CWBC | Community West Bancshares | Financials | $6.5M | 1.1% | 241K | New | |||
| 37 | $BSVN | Bank7 Corp. | Financials | $6.3M | 1.0% | 129K | — | |||
| 38 | $BHRB | Burke & Herbert Financial Services Corp. | Financials | $5.9M | 1.0% | 82K | New | |||
| 39 | $BPRN | Princeton Bancorp, Inc. | Financials | $5.8M | 1.0% | 154K | — | |||
| 40 | — | Studio Bank - Common Stock | — | $5.6M | 0.9% | 429K | — | |||
| 41 | — | River City Bank - Common Stock | — | $5.6M | 0.9% | 128K | +26% | |||
| 42 | — | First Reliance Bancshares, Inc. - Common Stock | — | $5.5M | 0.9% | 297K | -13% | |||
| 43 | $BWFG | Bankwell Financial Group, Inc. | Financials | $5.3M | 0.9% | 90K | -6% | |||
| 44 | — | Bank of San Francisco - Common Stock | — | $5.1M | 0.8% | 117K | +2% | |||
| 45 | — | White River Bancshares Company - Common Stock | — | $4.9M | 0.8% | 89K | — | |||
| 46 | $SMBK | SMARTFINANCIAL INC. | Financials | $4.6M | 0.8% | 98K | -35% | |||
| 47 | $CZWI | Citizens Community Bancorp Inc. | Financials | $4.6M | 0.8% | 195K | -5% | |||
| 48 | $INBK | First Internet Bancorp | Financials | $4.5M | 0.7% | 162K | — | |||
| 49 | — | South Atlantic Bancshares, Inc. - Common Stock | — | $4.5M | 0.7% | 176K | -2% | |||
| 50 | — | Community Heritage Financial Inc. - Common Stock | — | $4.5M | 0.7% | 125K | — | |||
| 51 | $AMTB | Amerant Bancorp Inc. | Financials | $4.4M | 0.7% | 174K | -3% | |||
| 52 | $FSBC | FIVE STAR BANCORP | Financials | $4.2M | 0.7% | 86K | — | |||
| 53 | — | Summit Bank Group, Inc. - Common Stock | — | $4.1M | 0.7% | 185K | -3% | |||
| 54 | — | First Capital Bancshares, Inc. - Common Stock | — | $4.1M | 0.7% | 319K | -11% | |||
| 55 | — | Oregon Pacific Bancorp - Common Stock | — | $4.0M | 0.7% | 362K | — | |||
| 56 | $BSRR | SIERRA BANCORP | Financials | $4.0M | 0.7% | 99K | -12% | |||
| 57 | $FVCB | FVCBankcorp, Inc. | Financials | $3.7M | 0.6% | 214K | — | |||
| 58 | — | Blueharbor Bank - Common Stock | — | $3.7M | 0.6% | 87K | -9% | |||
| 59 | $PNFP | Pinnacle Financial Partners, Inc. | Financials | $3.6M | 0.6% | 36K | +64% | |||
| 60 | $MVBF | MVB FINANCIAL CORP | Financials | $3.4M | 0.6% | 116K | +27% | |||
| 61 | $BUSE | FIRST BUSEY CORP /NV/ | Financials | $3.4M | 0.6% | 114K | -10% | |||
| 62 | — | Endeavor Bancorp - Common Stock | — | $3.3M | 0.5% | 171K | +2% | |||
| 63 | $HOMB | HOME BANCSHARES INC | Financials | $3.2M | 0.5% | 112K | New | |||
| 64 | $SHBI | SHORE BANCSHARES INC | Financials | $3.1M | 0.5% | 136K | -30% | |||
| 65 | — | Summit State Bank - Common Stock | — | $2.7M | 0.4% | 196K | -2% | |||
| 66 | $CBNK | Capital Bancorp Inc | Financials | $2.6M | 0.4% | 75K | — | |||
| 67 | — | Commencement Bancorp, Inc. - Common Stock | — | $2.4M | 0.4% | 139K | +6% | |||
| 68 | $EFSI | EAGLE FINANCIAL SERVICES INC | Financials | $2.3M | 0.4% | 57K | -13% | |||
| 69 | $COSO | CoastalSouth Bancshares, Inc. | Financials | $2.3M | 0.4% | 86K | — | |||
| 70 | — | American Riviera Bancorp - Common Stock | — | $2.3M | 0.4% | 89K | — | |||
| 71 | $RNST | RENASANT CORP | Financials | $2.2M | 0.4% | 52K | +24% | |||
| 72 | — | FSBH Corp (was First Southern Bank) - Common Stock | — | $2.2M | 0.4% | 135K | — | |||
| 73 | $BWB | Bridgewater Bancshares Inc | Financials | $2.0M | 0.3% | 96K | -5% | |||
| 74 | $FBK | FB Financial Corp | Financials | $2.0M | 0.3% | 35K | — | |||
| 75 | $USCB | USCB FINANCIAL HOLDINGS, INC. | Financials | $2.0M | 0.3% | 96K | — | |||
| 76 | — | Lake Ridge Bancorp - Common Stock | — | $1.7M | 0.3% | 11K | +61% | |||
| 77 | — | F&M Bank Corp - Common Stock | — | $1.7M | 0.3% | 47K | — | |||
| 78 | — | Grand River Commerce, Inc. - Common Stock | — | $1.6M | 0.3% | 304K | -15% | |||
| 79 | — | Mission Valley Bancorp - Common Stock | — | $1.5M | 0.3% | 79K | — | |||
| 80 | — | TowneBank - Common Stock | — | $1.5M | 0.2% | 41K | — | |||
| 81 | $TBBK | Bancorp, Inc. | Financials | $1.5M | 0.2% | 24K | — | |||
| 82 | — | Pinnacle Bankshares Corporation - Common Stock | — | $1.4M | 0.2% | 25K | -32% | |||
| 83 | — | Somerset Trust Holding Company - Common Stock | — | $1.2M | 0.2% | 16K | — | |||
| 84 | — | Pacific West Bancorp - Common Stock | — | $1.2M | 0.2% | 93K | — | |||
| 85 | — | SouthPoint Bancshares, Inc. - Common Stock | — | $1.1M | 0.2% | 75K | -0.4% | |||
| 86 | — | Bancorp 34, Inc. - Common Stock | — | $952K | 0.2% | 62K | -42% | |||
| 87 | $FXNC | FIRST NATIONAL CORP /VA/ | Financials | $942K | 0.2% | 31K | -36% | |||
| 88 | — | Pinnacle Bank - Common Stock | — | $797K | 0.1% | 45K | — | |||
| 89 | $SYBT | Stock Yards Bancorp, Inc. | Financials | $765K | 0.1% | 10K | New | |||
| 90 | $BY | BYLINE BANCORP, INC. | Financials | $741K | 0.1% | 20K | -42% | |||
| 91 | $BAFN | BayFirst Financial Corp. | Financials | $458K | 0.1% | 92K | — | |||
| 92 | — | Potomac Bancshares, Inc. - Common Stock | — | $295K | 0.1% | 12K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 5 new, 19 added to, 28 trimmed, 10 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
first bought this quarter
$CWBCCommunity West Bancshares$6.5M
first bought this quarter
$BHRBBurke & Herbert Financial Services Corp.$5.9M
first bought this quarter
$HOMBHOME BANCSHARES INC$3.2M
first bought this quarter
$SYBTStock Yards Bancorp, Inc.$765K
first bought this quarter
Added to (19)
$FSUNFIRSTSUN CAPITAL BANCORP+41%
now $9.2M · held 9+ qtrs
$PNFPPinnacle Financial Partners, Inc.+64%
now $3.6M · held 2 qtrs, 2 adds in a row
- West Coast Community Bancorp - Common Stock+9%
now $15.1M
- River City Bank - Common Stock+26%
now $5.6M
$MVBFMVB FINANCIAL CORP+27%
now $3.4M · held 9+ qtrs, 2 adds in a row
- Lake Ridge Bancorp - Common Stock+61%
now $1.7M
+13 more in the Excel export
Trimmed (28)
$SMBKSMARTFINANCIAL INC.-35%
now $4.6M · held 9+ qtrs, 2 trims in a row
$SHBISHORE BANCSHARES INC-30%
now $3.1M · held 9+ qtrs, 5 trims in a row
- American Business Bank - Common Stock-7%
now $16.7M
- First Reliance Bancshares, Inc. - Common Stock-13%
now $5.5M
- Bancorp 34, Inc. - Common Stock-42%
now $952K
- Pinnacle Bankshares Corporation - Common Stock-32%
now $1.4M
+22 more in the Excel export
Holdings by quarter
Every 13F BANC FUNDS CO LLC has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow BANC FUNDS?
Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of BANC FUNDS's top 20 holdings: 54/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-4.4%
Value-weighted move of the 10 largest stock positions
Turnover
8%
Last quarter; 18% over the last 4
Top 10 weight
31%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
91%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q2 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
BANC FUNDS CO LLC disclosed 92 positions worth $605.5M in its Form 13F-HR for Q2 2026, led by $OSBC (OLD SECOND BANCORP INC) at 4.0% of the equity portfolio. During the quarter the fund opened 5 new positions and exited 10 — including a new stake in $FCBM. The portfolio is most concentrated in Financials (72.3% of disclosed assets). All figures are sourced directly from BANC FUNDS CO LLC’s Form 13F-HR filing with the SEC under CIK 1029311.
Funds like this
managers whose biggest positions overlap BANC FUNDS'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: BANC FUNDS CO LLC
13F Pro is an AI hedge fund tracker and stock research platform. For BANC FUNDS CO LLC (SEC CIK: 1029311), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in BANC FUNDS CO LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.