Latest BANC FUNDS CO LLC Stock Portfolio

BANC FUNDS CO LLC Performance:

2025 Q3: 2.97%YTD: 1.7%2024: 7.52%

Performance for 2025 Q3 is 2.97%, and YTD is 1.7%, and 2024 is 7.52%.

About BANC FUNDS CO LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, BANC FUNDS CO LLC reported an equity portfolio of $572 Millions as of 30 Sep, 2025.

The top stock holdings of BANC FUNDS CO LLC are UNTY, OSBC, . The fund has invested 3.8% of it's portfolio in UNITY BANCORP, INC. and 3% of portfolio in OLD SECOND BANCORP, INC.

The fund managers got completely rid off SOUTHERN STATES BANCSHARES, INC. (SSBK), ENTERPRISE BANCORP, INC. (EBTC) and MERCHANTS FINANCIAL GROUP, INC. stocks. They significantly reduced their stock positions in FORESIGHT FINANCIAL GROUP, INC., BYLINE BANCORP, INC. (BY) and MID PENN BANK (MPB). BANC FUNDS CO LLC opened new stock positions in FB FINANCIAL CORP. (FBK), F&M BANK CORP and INDEPENDENT BANK CORP. (INDB). The fund showed a lot of confidence in some stocks as they added substantially to BAYFIRST FINANCIAL CORP. (BAFN) and COASTAL CAROLINA BANCSHARES, INC..

BANC FUNDS CO LLC Annual Return Estimates Vs S&P 500

Our best estimate is that BANC FUNDS CO LLC made a return of 2.97% in the last quarter. In trailing 12 months, it's portfolio return was 5.25%.

New Buys

Ticker	$ Bought
fb financial corp.	9,949,370
f&m bank corp	1,219,890
independent bank corp.	1,137,780
horizon bancorp	560,350

New stocks bought by BANC FUNDS CO LLC

Additions

Ticker	% Inc.
bayfirst financial corp.	35.52
coastal carolina bancshares, inc.	1.47
avidbank holdings, inc.	1.15

Additions to existing portfolio by BANC FUNDS CO LLC

Reductions

Ticker	% Reduced
foresight financial group, inc.	-70.69
coastalsouth bancshares, inc.	-65.38
byline bancorp, inc.	-63.61
first farmers and merchants corporation	-57.11
mid penn bank	-44.65
mvb financial corp.	-44.19
first foundation inc.	-43.82
fsbh corp (was first southern bank)	-42.26

BANC FUNDS CO LLC reduced stake in above stock

Sold off

Ticker	$ Sold
southern states bancshares, inc.	-13,907,200
old national bancorp	-2,331,420
enterprise bancorp, inc.	-4,097,780
merchants financial group, inc.	-2,411,530
northpointe bancshares	-822,600
1st colonial bancorp	-477,203
wex inc.	-1,462,290
southern bancshares (n.c.), inc.	-1,041,600

BANC FUNDS CO LLC got rid off the above stocks

Sector Distribution

BANC FUNDS CO LLC has about 57.9% of it's holdings in Financial Services sector.

Sector	%
Financial Services	57.9
Others	40.9
	1.2

Market Cap. Distribution

BANC FUNDS CO LLC has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	40.9
SMALL-CAP	34.4
MICRO-CAP	18.8
MID-CAP	6

Stocks belong to which Index?

About 51.3% of the stocks held by BANC FUNDS CO LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	51.3
Others	48.7

Top 5 Winners (%)		%
TBBK	the bancorp, inc.	31.5 %
VBTX	veritex holdings, inc.	28.5 %
BWFG	bankwell financial group, inc.	22.8 %
MRBK	meridian bank	22.5 %
ISTR	investar holding corporation	20.1 %

Top 5 Winners ($)		$
ISTR	investar holding corporation	1.9 M
BANC	banc of california, inc.	1.9 M
SFST	southern first bancshares, inc.	1.7 M
MRBK	meridian bank	1.7 M
BRBS	blue ridge bankshares, inc.	1.5 M

Top 5 Losers (%)		%
BAFN	bayfirst financial corp.	-20.0 %
INBK	first internet bancorp	-16.6 %
TBK	triumph bancorp, inc.	-5.5 %
CBNK	capital bancorp, inc.	-5.0 %
BFST	business first bancshares, inc.	-4.2 %

Top 5 Losers ($)		$
INBK	first internet bancorp	-1.6 M
TBK	triumph bancorp, inc.	-0.6 M
OSBC	old second bancorp, inc.	-0.5 M
MBIN	merchants bancorp	-0.5 M
BAFN	bayfirst financial corp.	-0.4 M

BANC FUNDS CO LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of BANC FUNDS CO LLC

BANC FUNDS CO LLC has 111 stocks in it's portfolio. About 27.2% of the portfolio is in top 10 stocks. INBK proved to be the most loss making stock for the portfolio. ISTR was the most profitable stock for BANC FUNDS CO LLC last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ALRS	alerus financial corporation	1.09	282,453	6,253,510	reduced	-29.13

AMTB	amerant bancorp inc.	0.57	170,000	3,275,900	unchanged	0.00

BAFN	bayfirst financial corp.	0.31	169,772	1,775,820	added	35.52

BANC	banc of california, inc.	1.78	615,764	10,190,900	reduced	-16.96

BCTF	bancorp 34, inc.	0.38	162,857	2,151,340	unchanged	0.00

BFST	business first bancshares, inc.	1.11	269,264	6,357,320	reduced	-22.43

BHLB	beacon financial corporation	0.36	86,206	2,043,940	unchanged	0.00

BPRN	princeton bancorp, inc.	0.86	153,926	4,901,000	unchanged	0.00

BRBS	blue ridge bankshares, inc.	1.59	2,144,950	9,073,130	reduced	-8.41

BSRR	sierra bancorp	0.61	121,424	3,510,370	unchanged	0.00

BSVN	bank7 corp	1.04	128,519	5,946,570	unchanged	0.00

BUSE	first busey corporation	1.34	331,729	7,679,530	reduced	-18.28

BWB	bridgewater bancshares, inc.	0.31	101,479	1,786,030	unchanged	0.00

BWFG	bankwell financial group, inc.	0.84	108,423	4,797,720	reduced	-14.21

BY	byline bancorp, inc.	0.19	39,157	1,085,820	reduced	-63.61

CBAN	colony bankcorp inc.	1.61	540,245	9,189,570	reduced	-13.03

CBNK	capital bancorp, inc.	0.08	14,400	459,360	unchanged	0.00

CCNE	cnb financial corporation	1.15	271,776	6,576,980	reduced	-33.19

CNOB	connectone bancorp, inc.	1.05	241,186	5,983,820	reduced	-29.52

COFS	choiceone financial services, inc.	0.69	135,435	3,922,200	unchanged	0.00