Banc Funds
CHICAGO, ILfiles as BANC FUNDS CO LLC
$605m in 92 US stocks at the end of 30 June 2026. The top 10 are 31.0% of the money. It changed about 9.5% of the portfolio this quarter.
Value
$605m
Stocks
92
Top 10 share
31.0%
Turnover
9.5%
What changed this quarter
New
Bought for the first time this quarter.
- First Carolina Financial ServicesFCBM2.9% of the fund
- Community West BancsharesCWBC1.1% of the fund
- Burke & Herbert Financial ServicesBHRB1.0% of the fund
- Home BancsharesHOMB0.5% of the fund
- Stock Yards BancorpSYBT0.1% of the fund
Added
Bought more of a stock they already held.
- West Coast Community BancorpWCCB2.5% of the fund+9%
- Metropolitan Bank HoldingMCB2.4% of the fund+4%
- MainStreet BancsharesMNSB2.2% of the fund+3%
- Firstsun Capital BancorpFSUN1.5% of the fund+41%
- Colony BankcorpCBAN1.5% of the fund+5%
- Coastal Carolina Bancshares InCCNB1.4% of the fund+5%
- MeridianMRBK1.3% of the fund+4%
- River City BankRCBC0.9% of the fund+26%
- Pinnacle Financial PartnersPNFP0.6% of the fund+64%
- MVB FinancialMVBF0.6% of the fund+27%
- Commencement BancorpCBWA0.4% of the fund+6%
- RenasantRNST0.4% of the fund+24%
- Lake Ridge BancorpLRBI0.3% of the fund+61%
Cut
Sold some of their stake.
- American Business BankAMBZ2.8% of the fund-7%
- Southern First BancsharesSFST1.6% of the fund-5%
- Orange County BancorpOBT1.1% of the fund-6%
- First Reliance BancsharesFSRL0.9% of the fund-13%
- Bankwell Financial GroupBWFG0.9% of the fund-6%
- SmartfinancialSMBK0.8% of the fund-35%
- Citizens Community BancorpCZWI0.8% of the fund-5%
- South Atlantic BancsharesSABK0.7% of the fund-2%
- Amerant BancorpAMTB0.7% of the fund-3%
- Summit Bank GroupSBKO0.7% of the fund-3%
- First Capital BancsharesFCPB0.7% of the fund-11%
- Sierra BancorpBSRR0.7% of the fund-12%
- Blueharbor BankBLHK0.6% of the fund-9%
- First BuseyBUSE0.6% of the fund-10%
- Shore BancsharesSHBI0.5% of the fund-30%
- Eagle Financial ServicesEFSI0.4% of the fund-13%
- Bridgewater BancsharesBWB0.3% of the fund-5%
- Grand River CommerceGNRV0.3% of the fund-15%
- Pinnacle Bankshares Corp.comPPBN0.2% of the fund-32%
- Bancorp 34BCTF0.2% of the fund-42%
- First NationalFXNC0.2% of the fund-36%
- Byline BancorpBY0.1% of the fund-42%
Sold out
Sold their entire stake.
- Mountain Commerce BancorpMCBI-100%
- United SEC Bancshares CalifUBFO-100%
- Commerce BancsharesCBSH-100%
- First Northern Community BancorpFNRN-100%
- LinkbancorpLNKB-100%
- First Fndtn-100%
- PSB Hldgs INC WISPSBQ-100%
- Hanover BancorpHNVR-100%
- Heritage Comm-100%
- First CommunityFCCO-100%
Holdings
- Private Bancorp of AmericaPBAM
- Share
- 3.8%
- Value
- $23m
- Shares
- 313,859
Held
- First Carolina Financial ServicesFCBM
- Share
- 2.9%
- Value
- $18m
- Shares
- 1,338,750
New
- American Business BankAMBZ
- Share
- 2.8%
- Value
- $17m
- Shares
- 229,173
-7%
- First BK Williamstown New JEFRBA
- Share
- 2.5%
- Value
- $15m
- Shares
- 864,205
Held
- West Coast Community BancorpWCCB
- Share
- 2.5%
- Value
- $15m
- Shares
- 301,420
+9%
- Alpine Banks of ColoradoALPIB
- Share
- 1.6%
- Value
- $10m
- Shares
- 204,321
Held
- Coastal Carolina Bancshares InCCNB
- Share
- 1.4%
- Value
- $8m
- Shares
- 492,071
+5%
- Studio BankSTBK
- Share
- 0.9%
- Value
- $6m
- Shares
- 429,056
Held
- River City BankRCBC
- Share
- 0.9%
- Value
- $6m
- Shares
- 128,354
+26%
- First Reliance BancsharesFSRL
- Share
- 0.9%
- Value
- $5m
- Shares
- 297,472
-13%
- Bank of San FranciscoBSFO
- Share
- 0.8%
- Value
- $5m
- Shares
- 117,072
Held
- White River Bancshares CompanyWRIV
- Share
- 0.8%
- Value
- $5m
- Shares
- 89,000
Held
- South Atlantic BancsharesSABK
- Share
- 0.7%
- Value
- $4m
- Shares
- 175,596
-2%
- Community Heritage Financial ICMHF
- Share
- 0.7%
- Value
- $4m
- Shares
- 125,424
Held
- Summit Bank GroupSBKO
- Share
- 0.7%
- Value
- $4m
- Shares
- 184,501
-3%
- First Capital BancsharesFCPB
- Share
- 0.7%
- Value
- $4m
- Shares
- 318,995
-11%
- Oregon Pacific BancorpORPB
- Share
- 0.7%
- Value
- $4m
- Shares
- 361,932
Held
- Blueharbor BankBLHK
- Share
- 0.6%
- Value
- $4m
- Shares
- 87,402
-9%
- Endeavor BancorpEDVR
- Share
- 0.5%
- Value
- $3m
- Shares
- 171,092
Held
- Summit ST BK Santa Rosa CaliSSBI
- Share
- 0.4%
- Value
- $3m
- Shares
- 195,627
Held
- Commencement BancorpCBWA
- Share
- 0.4%
- Value
- $2m
- Shares
- 138,720
+6%
- American Riviera BancorpARBV
- Share
- 0.4%
- Value
- $2m
- Shares
- 89,380
Held
- Fsbh Corp.comFSBH
- Share
- 0.4%
- Value
- $2m
- Shares
- 135,250
Held
- Lake Ridge BancorpLRBI
- Share
- 0.3%
- Value
- $2m
- Shares
- 11,429
+61%
- F&M Bank
- Share
- 0.3%
- Value
- $2m
- Shares
- 47,100
Held
- Grand River CommerceGNRV
- Share
- 0.3%
- Value
- $2m
- Shares
- 304,400
-15%
- Mission Valley BancorpMVLY
- Share
- 0.3%
- Value
- $2m
- Shares
- 78,507
Held
- Townebank Portsmouth VATOWN
- Share
- 0.2%
- Value
- $1m
- Shares
- 40,804
Held
- Pinnacle Bankshares Corp.comPPBN
- Share
- 0.2%
- Value
- $1m
- Shares
- 25,464
-32%
- Somerset Trust HoldingSOME
- Share
- 0.2%
- Value
- $1m
- Shares
- 16,017
Held
- Pacific West Bancorp
- Share
- 0.2%
- Value
- $1m
- Shares
- 92,857
Held
- SouthPoint BancsharesSOUB
- Share
- 0.2%
- Value
- $1m
- Shares
- 74,638
Held
- Bancorp 34BCTF
- Share
- 0.2%
- Value
- $951,670
- Shares
- 61,857
-42%
- Pinnacle BankPBNK
- Share
- 0.1%
- Value
- $796,801
- Shares
- 44,514
Held
- Potomac Bancshares INC.comPTBS
- Share
- <0.1%
- Value
- $295,384
- Shares
- 12,432
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Old Second BancorpOSBC | 4.0% | $24m | 1,034,143 | Held |
| Private Bancorp of AmericaPBAM | 3.8% | $23m | 313,859 | Held |
| Avidbank HoldingsAVBH | 3.6% | $22m | 668,100 | Held |
| Unity BancorpUNTY | 3.6% | $22m | 370,469 | Held |
| First Carolina Financial ServicesFCBM | 2.9% | $18m | 1,338,750 | New |
| California BanCorpBCAL | 2.8% | $17m | 816,155 | Held |
| American Business BankAMBZ | 2.8% | $17m | 229,173 | -7% |
| First BK Williamstown New JEFRBA | 2.5% | $15m | 864,205 | Held |
| West Coast Community BancorpWCCB | 2.5% | $15m | 301,420 | +9% |
| Metropolitan Bank HoldingMCB | 2.4% | $15m | 147,221 | +4% |
| Primis FinancialFRST | 2.4% | $14m | 872,961 | Held |
| Merchants BancorpMBIN | 2.4% | $14m | 285,062 | Held |
| MainStreet BancsharesMNSB | 2.2% | $13m | 545,679 | +3% |
| Peapack Gladstone FinancialPGC | 2.1% | $13m | 273,947 | Held |
| Texas Capital BancsharesTCBI | 2.0% | $12m | 119,762 | Held |
| First Western FinancialMYFW | 1.8% | $11m | 342,404 | Held |
| Alerus FinancialALRS | 1.8% | $11m | 349,165 | Held |
| Banc of CaliforniaBANC | 1.8% | $11m | 519,738 | Held |
| ConnectOne BancorpCNOB | 1.7% | $10m | 310,195 | Held |
| First Business Financial ServicesFBIZ | 1.7% | $10m | 163,224 | Held |
| Southern First BancsharesSFST | 1.6% | $10m | 162,655 | -5% |
| Alpine Banks of ColoradoALPIB | 1.6% | $10m | 204,321 | Held |
| Firstsun Capital BancorpFSUN | 1.5% | $9m | 238,031 | +41% |
| Investar HoldingISTR | 1.5% | $9m | 306,896 | Held |
| Triumph FinancialTFIN | 1.5% | $9m | 117,136 | Held |
| Colony BankcorpCBAN | 1.5% | $9m | 441,478 | +5% |
| Coastal Carolina Bancshares InCCNB | 1.4% | $8m | 492,071 | +5% |
| MeridianMRBK | 1.3% | $8m | 382,533 | +4% |
| Mercantile BankMBWM | 1.2% | $8m | 131,160 | Held |
| CNB FinancialCCNE | 1.2% | $7m | 222,375 | Held |
| MID Penn BancorpMPB | 1.2% | $7m | 207,982 | Held |
| Business First BancsharesBFST | 1.2% | $7m | 234,257 | Held |
| Orange County BancorpOBT | 1.1% | $7m | 186,035 | -6% |
| Third Coast BancsharesTCBX | 1.1% | $7m | 169,064 | Held |
| Blue Ridge BanksharesBRBS | 1.1% | $7m | 1,889,033 | Held |
| Community West BancsharesCWBC | 1.1% | $6m | 240,606 | New |
| Bank7BSVN | 1.0% | $6m | 128,519 | Held |
| Burke & Herbert Financial ServicesBHRB | 1.0% | $6m | 82,374 | New |
| Princeton BancorpBPRN | 1.0% | $6m | 153,926 | Held |
| Studio BankSTBK | 0.9% | $6m | 429,056 | Held |
| River City BankRCBC | 0.9% | $6m | 128,354 | +26% |
| First Reliance BancsharesFSRL | 0.9% | $5m | 297,472 | -13% |
| Bankwell Financial GroupBWFG | 0.9% | $5m | 90,423 | -6% |
| Bank of San FranciscoBSFO | 0.8% | $5m | 117,072 | Held |
| White River Bancshares CompanyWRIV | 0.8% | $5m | 89,000 | Held |
| SmartfinancialSMBK | 0.8% | $5m | 97,626 | -35% |
| Citizens Community BancorpCZWI | 0.8% | $5m | 195,055 | -5% |
| First Internet BancorpINBK | 0.7% | $5m | 162,176 | Held |
| South Atlantic BancsharesSABK | 0.7% | $4m | 175,596 | -2% |
| Community Heritage Financial ICMHF | 0.7% | $4m | 125,424 | Held |
| Amerant BancorpAMTB | 0.7% | $4m | 174,000 | -3% |
| Five Star BancorpFSBC | 0.7% | $4m | 85,919 | Held |
| Summit Bank GroupSBKO | 0.7% | $4m | 184,501 | -3% |
| First Capital BancsharesFCPB | 0.7% | $4m | 318,995 | -11% |
| Oregon Pacific BancorpORPB | 0.7% | $4m | 361,932 | Held |
| Sierra BancorpBSRR | 0.7% | $4m | 99,255 | -12% |
| FVCBankcorpFVCB | 0.6% | $4m | 214,088 | Held |
| Blueharbor BankBLHK | 0.6% | $4m | 87,402 | -9% |
| Pinnacle Financial PartnersPNFP | 0.6% | $4m | 35,800 | +64% |
| MVB FinancialMVBF | 0.6% | $3m | 116,010 | +27% |
| First BuseyBUSE | 0.6% | $3m | 114,077 | -10% |
| Endeavor BancorpEDVR | 0.5% | $3m | 171,092 | Held |
| Home BancsharesHOMB | 0.5% | $3m | 112,099 | New |
| Shore BancsharesSHBI | 0.5% | $3m | 136,243 | -30% |
| Summit ST BK Santa Rosa CaliSSBI | 0.4% | $3m | 195,627 | Held |
| Capital BancorpCBNK | 0.4% | $3m | 75,300 | Held |
| Commencement BancorpCBWA | 0.4% | $2m | 138,720 | +6% |
| Eagle Financial ServicesEFSI | 0.4% | $2m | 56,500 | -13% |
| CoastalSouth BancsharesCOSO | 0.4% | $2m | 85,715 | Held |
| American Riviera BancorpARBV | 0.4% | $2m | 89,380 | Held |
| RenasantRNST | 0.4% | $2m | 51,875 | +24% |
| Fsbh Corp.comFSBH | 0.4% | $2m | 135,250 | Held |
| Bridgewater BancsharesBWB | 0.3% | $2m | 96,479 | -5% |
| FB FinancialFBK | 0.3% | $2m | 35,496 | Held |
| Uscb Financial HoldingsUSCB | 0.3% | $2m | 95,580 | Held |
| Lake Ridge BancorpLRBI | 0.3% | $2m | 11,429 | +61% |
| F&M Bank | 0.3% | $2m | 47,100 | Held |
| Grand River CommerceGNRV | 0.3% | $2m | 304,400 | -15% |
| Mission Valley BancorpMVLY | 0.3% | $2m | 78,507 | Held |
| Townebank Portsmouth VATOWN | 0.2% | $1m | 40,804 | Held |
| BancorpTBBK | 0.2% | $1m | 23,592 | Held |
| Pinnacle Bankshares Corp.comPPBN | 0.2% | $1m | 25,464 | -32% |
| Somerset Trust HoldingSOME | 0.2% | $1m | 16,017 | Held |
| Pacific West Bancorp | 0.2% | $1m | 92,857 | Held |
| SouthPoint BancsharesSOUB | 0.2% | $1m | 74,638 | Held |
| Bancorp 34BCTF | 0.2% | $951,670 | 61,857 | -42% |
| First NationalFXNC | 0.2% | $941,847 | 31,374 | -36% |
| Pinnacle BankPBNK | 0.1% | $796,801 | 44,514 | Held |
| Stock Yards BancorpSYBT | 0.1% | $764,700 | 10,000 | New |
| Byline BancorpBY | 0.1% | $741,224 | 19,682 | -42% |
| BayFirst FinancialBAFN | <0.1% | $458,395 | 91,679 | Held |
| Potomac Bancshares INC.comPTBS | <0.1% | $295,384 | 12,432 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 8.5% since 30 June 2025.
Where the money is
Financial services78.6%
Other21.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.