# BANC FUNDS CO LLC: Form 13F holdings

An institutional investment manager in CHICAGO, IL. SEC CIK 1029311.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $605.5m
- Positions: 92 (92 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1029311/000102931126000048/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [Old Second Bancorp, Inc. (OSBC)](/companies/osbc.md) | Common Stock | $24.1m | 4.0% | 1,034,143 |  | Added +5,000 |
| [Private Bancorp of America, Inc. (PBAM)](/companies/pbam.md) | Common Stock | $23.2m | 3.8% | 313,859 |  | Added +4,000 |
| [Avidbank Holdings, Inc. (AVBH)](/companies/avbh.md) | Common Stock | $22.1m | 3.6% | 668,100 |  | Added +3,000 |
| [Unity Bancorp, Inc. (UNTY)](/companies/unty.md) | Common Stock | $21.7m | 3.6% | 370,469 |  | Reduced −5,000 |
| [First Carolina Financial Services, Inc. (FCBM)](/companies/fcbm.md) | Common Stock | $17.7m | 2.9% | 1,338,750 |  | New +1,338,750 |
| [California BanCorp. (BCAL)](/companies/bcal.md) | Common Stock | $17.0m | 2.8% | 816,155 |  | Reduced −15,000 |
| American Business Bank | Common Stock | $16.7m | 2.8% | 229,173 |  | Reduced −16,600 |
| First Bank | Common Stock | $15.3m | 2.5% | 864,205 |  | Unchanged |
| [West Coast Community Bancorp (WCCB)](/companies/wccb.md) | Common Stock | $15.1m | 2.5% | 301,420 |  | Added +24,769 |
| [Metropolitan Bank Holding Corp. (MCB)](/companies/mcb.md) | Common Stock | $14.5m | 2.4% | 147,221 |  | Added +5,000 |
| [Primis Financial Corporation (FRST)](/companies/frst.md) | Common Stock | $14.3m | 2.4% | 872,961 |  | Unchanged |
| [Merchants Bancorp (MBIN)](/companies/mbin.md) | Common Stock | $14.3m | 2.4% | 285,062 |  | Added +4,000 |
| [MainStreet Bancshares, Inc. (MNSB)](/companies/mnsb.md) | Common Stock | $13.5m | 2.2% | 545,679 |  | Added +14,738 |
| [Peapack-Gladstone Financial Corporation (PGC)](/companies/pgc.md) | Common Stock | $13.0m | 2.1% | 273,947 |  | Unchanged |
| [Texas Capital Bancshares, Inc. (TCBI)](/companies/tcbi.md) | Common Stock | $12.4m | 2.0% | 119,762 |  | Unchanged |
| [First Western Financial, Inc. (MYFW)](/companies/myfw.md) | Common Stock | $11.0m | 1.8% | 342,404 |  | Reduced −6,000 |
| [Alerus Financial Corporation (ALRS)](/companies/alrs.md) | Common Stock | $10.9m | 1.8% | 349,165 |  | Unchanged |
| [Banc of California, Inc. (BANC)](/companies/banc.md) | Common Stock | $10.6m | 1.8% | 519,738 |  | Unchanged |
| [ConnectOne Bancorp, Inc. (CNOB)](/companies/cnob.md) | Common Stock | $10.4m | 1.7% | 310,195 |  | Unchanged |
| [First Business Financial Services, Inc. (FBIZ)](/companies/fbiz.md) | Common Stock | $10.3m | 1.7% | 163,224 |  | Reduced −3,000 |
| [Southern First Bancshares, Inc. (SFST)](/companies/sfst.md) | Common Stock | $9.9m | 1.6% | 162,655 |  | Reduced −9,000 |
| [Alpine Banks of Colorado (ALPIB)](/companies/alpib.md) | Common Stock | $9.8m | 1.6% | 204,321 |  | Unchanged |
| [FirstSun Capital Bancorp (FSUN)](/companies/fsun.md) | Common Stock | $9.2m | 1.5% | 238,031 |  | Added +69,542 |
| [Investar Holding Corporation (ISTR)](/companies/istr.md) | Common Stock | $9.2m | 1.5% | 306,896 |  | Unchanged |
| [Triumph Bancorp, Inc. (TFIN)](/companies/tfin.md) | Common Stock | $8.9m | 1.5% | 117,136 |  | Unchanged |
| [Colony Bankcorp Inc. (CBAN)](/companies/cban.md) | Common Stock | $8.9m | 1.5% | 441,478 |  | Added +22,000 |
| [Coastal Carolina Bancshares, Inc. (CCNB)](/companies/ccnb.md) | Common Stock | $8.3m | 1.4% | 492,071 |  | Added +25,300 |
| [Meridian Bank (MRBK)](/companies/mrbk.md) | Common Stock | $7.7m | 1.3% | 382,533 |  | Added +13,200 |
| [Mercantile Bank Corporation (MBWM)](/companies/mbwm.md) | Common Stock | $7.5m | 1.2% | 131,160 |  | Unchanged |
| [CNB Financial Corporation (CCNE)](/companies/ccne.md) | Common Stock | $7.5m | 1.2% | 222,375 |  | Unchanged |
| [Mid Penn Bank (MPB)](/companies/mpb.md) | Common Stock | $7.2m | 1.2% | 207,982 |  | Unchanged |
| [Business First Bancshares, Inc. (BFST)](/companies/bfst.md) | Common Stock | $7.2m | 1.2% | 234,257 |  | Unchanged |
| [Orange County Bancorp, Inc. (OBT)](/companies/obt.md) | Common Stock | $6.8m | 1.1% | 186,035 |  | Reduced −11,501 |
| [Third Coast Bancshares (TCBX)](/companies/tcbx.md) | Common Stock | $6.8m | 1.1% | 169,064 |  | Unchanged |
| [Blue Ridge Bankshares, Inc. (BRBS)](/companies/brbs.md) | Common Stock | $6.7m | 1.1% | 1,889,033 |  | Unchanged |
| Community West Bancshares | Common Stock | $6.5m | 1.1% | 240,606 |  | New +240,606 |
| [Bank7 Corp (BSVN)](/companies/bsvn.md) | Common Stock | $6.3m | 1.0% | 128,519 |  | Unchanged |
| [Burke & Herbert Financial Services (BHRB)](/companies/bhrb.md) | Common Stock | $5.9m | 1.0% | 82,374 |  | New +82,374 |
| [Princeton Bancorp, Inc. (BPRN)](/companies/bprn.md) | Common Stock | $5.8m | 1.0% | 153,926 |  | Unchanged |
| Studio Bank | Common Stock | $5.6m | 0.9% | 429,056 |  | Unchanged |
| River City Bank | Common Stock | $5.6m | 0.9% | 128,354 |  | Added +26,764 |
| First Reliance Bancshares, Inc. | Common Stock | $5.5m | 0.9% | 297,472 |  | Reduced −43,841 |
| [Bankwell Financial Group, Inc. (BWFG)](/companies/bwfg.md) | Common Stock | $5.3m | 0.9% | 90,423 |  | Reduced −6,000 |
| Bank of San Francisco | Common Stock | $5.1m | 0.8% | 117,072 |  | Added +2,000 |
| [White River Bancshares Company (WRIV)](/companies/wriv.md) | Common Stock | $4.9m | 0.8% | 89,000 |  | Unchanged |
| [SmartFinancial, Inc. (SMBK)](/companies/smbk.md) | Common Stock | $4.6m | 0.8% | 97,626 |  | Reduced −52,461 |
| [Citizens Community Bancorp, Inc. (CZWI)](/companies/czwi.md) | Common Stock | $4.6m | 0.8% | 195,055 |  | Reduced −11,000 |
| [First Internet Bancorp (INBK)](/companies/inbk.md) | Common Stock | $4.5m | 0.7% | 162,176 |  | Unchanged |
| South Atlantic Bancshares, Inc. | Common Stock | $4.5m | 0.7% | 175,596 |  | Reduced −3,800 |
| Community Heritage Financial Inc. | Common Stock | $4.5m | 0.7% | 125,424 |  | Unchanged |
| [Amerant Bancorp Inc. (AMTB)](/companies/amtb.md) | Common Stock | $4.4m | 0.7% | 174,000 |  | Reduced −6,000 |
| [Five Star Bancorp (FSBC)](/companies/fsbc.md) | Common Stock | $4.2m | 0.7% | 85,919 |  | Unchanged |
| Summit Bank Group, Inc. | Common Stock | $4.1m | 0.7% | 184,501 |  | Reduced −6,000 |
| First Capital Bancshares, Inc. | Common Stock | $4.1m | 0.7% | 318,995 |  | Reduced −40,000 |
| Oregon Pacific Bancorp | Common Stock | $4.0m | 0.7% | 361,932 |  | Unchanged |
| [Sierra Bancorp (BSRR)](/companies/bsrr.md) | Common Stock | $4.0m | 0.7% | 99,255 |  | Reduced −14,000 |
| [FVCBankcorp Inc. (FVCB)](/companies/fvcb.md) | Common Stock | $3.7m | 0.6% | 214,088 |  | Unchanged |
| Blueharbor Bank | Common Stock | $3.7m | 0.6% | 87,402 |  | Reduced −9,000 |
| [Pinnacle Financial Partners Inc. (PNFP)](/companies/pnfp.md) | Common Stock | $3.6m | 0.6% | 35,800 |  | Added +14,000 |
| [MVB Financial Corp. (MVBF)](/companies/mvbf.md) | Common Stock | $3.4m | 0.6% | 116,010 |  | Added +24,766 |
| [First Busey Corporation (BUSE)](/companies/buse.md) | Common Stock | $3.4m | 0.6% | 114,077 |  | Reduced −13,000 |
| [Endeavor Bancorp (EDVR)](/companies/edvr.md) | Common Stock | $3.3m | 0.5% | 171,092 |  | Added +3,354 |
| [Home BancShares, Inc. (HOMB)](/companies/homb.md) | Common Stock | $3.2m | 0.5% | 112,099 |  | New +112,099 |
| [Shore Bancshares, Inc. (SHBI)](/companies/shbi.md) | Common Stock | $3.1m | 0.5% | 136,243 |  | Reduced −59,320 |
| Summit State Bank | Common Stock | $2.7m | 0.4% | 195,627 |  | Reduced −3,600 |
| [Capital Bancorp, Inc. (CBNK)](/companies/cbnk.md) | Common Stock | $2.6m | 0.4% | 75,300 |  | Unchanged |
| Commencement Bancorp, Inc. | Common Stock | $2.4m | 0.4% | 138,720 |  | Added +8,000 |
| [Eagle Financial Services Inc. (EFSI)](/companies/efsi.md) | Common Stock | $2.3m | 0.4% | 56,500 |  | Reduced −8,500 |
| [CoastalSouth Bancshares, Inc. (COSO)](/companies/coso.md) | Common Stock | $2.3m | 0.4% | 85,715 |  | Unchanged |
| American Riviera Bancorp | Common Stock | $2.3m | 0.4% | 89,380 |  | Unchanged |
| [Renasant Corporation (RNST)](/companies/rnst.md) | Common Stock | $2.2m | 0.4% | 51,875 |  | Added +10,000 |
| FSBH Corp (was First Southern Bank) | Common Stock | $2.2m | 0.4% | 135,250 |  | Unchanged |
| [Bridgewater Bancshares, Inc. (BWB)](/companies/bwb.md) | Common Stock | $2.0m | 0.3% | 96,479 |  | Reduced −5,000 |
| [FB Financial Corp. (FBK)](/companies/fbk.md) | Common Stock | $2.0m | 0.3% | 35,496 |  | Unchanged |
| [USCB Financial Holdings Inc. (USCB)](/companies/uscb.md) | Common Stock | $2.0m | 0.3% | 95,580 |  | Unchanged |
| Lake Ridge Bancorp | Common Stock | $1.7m | 0.3% | 11,429 |  | Added +4,345 |
| F&M Bank Corp | Common Stock | $1.7m | 0.3% | 47,100 |  | Unchanged |
| Grand River Commerce, Inc. | Common Stock | $1.6m | 0.3% | 304,400 |  | Reduced −53,000 |
| Mission Valley Bancorp | Common Stock | $1.5m | 0.3% | 78,507 |  | Unchanged |
| TowneBank | Common Stock | $1.5m | 0.2% | 40,804 |  | Unchanged |
| [The Bancorp, Inc. (TBBK)](/companies/tbbk.md) | Common Stock | $1.5m | 0.2% | 23,592 |  | Unchanged |
| Pinnacle Bankshares Corporation | Common Stock | $1.4m | 0.2% | 25,464 |  | Reduced −12,000 |
| Somerset Trust Holding Company | Common Stock | $1.2m | 0.2% | 16,017 |  | Unchanged |
| Pacific West Bancorp | Common Stock | $1.2m | 0.2% | 92,857 |  | Unchanged |
| SouthPoint Bancshares, Inc. | Common Stock | $1.1m | 0.2% | 74,638 |  | Reduced −300 |
| [Bancorp 34, Inc. (BCTF)](/companies/bctf.md) | Common Stock | $951.7k | 0.2% | 61,857 |  | Reduced −45,000 |
| [First National Corporation (FXNC)](/companies/fxnc.md) | Common Stock | $941.8k | 0.2% | 31,374 |  | Reduced −18,017 |
| Pinnacle Bank | Common Stock | $796.8k | 0.1% | 44,514 |  | Unchanged |
| [Stock Yards Bancorp, Inc. (SYBT)](/companies/sybt.md) | Common Stock | $764.7k | 0.1% | 10,000 |  | New +10,000 |
| [Byline Bancorp, Inc. (BY)](/companies/by.md) | Common Stock | $741.2k | 0.1% | 19,682 |  | Reduced −14,475 |
| [BayFirst Financial Corp. (BAFN)](/companies/bafn.md) | Common Stock | $458.4k | <0.1% | 91,679 |  | Unchanged |
| [Potomac Bancshares, Inc. (PTBS)](/companies/ptbs.md) | Common Stock | $295.4k | <0.1% | 12,432 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [Commerce Bancshares, Inc. MO (CBSH)](/companies/cbsh.md) | Common Stock | $0 | 0.0% | 0 |  | Sold out −86,774 |
| [First Community Corporation (FCCO)](/companies/fcco.md) | Common Stock | $0 | 0.0% | 0 |  | Sold out −16,317 |
| First Foundation Inc. | Common Stock | $0 | 0.0% | 0 |  | Sold out −432,396 |
| [First Northern Community Bancorp (FNRN)](/companies/fnrn.md) | Common Stock | $0 | 0.0% | 0 |  | Sold out −234,181 |
| [Hanover Bancorp Inc. (HNVR)](/companies/hnvr.md) | Common Stock | $0 | 0.0% | 0 |  | Sold out −76,757 |
| Heritage Commerce Corp | Common Stock | $0 | 0.0% | 0 |  | Sold out −75,139 |
| LinkBancorp | Common Stock | $0 | 0.0% | 0 |  | Sold out −401,593 |
| Mountain Commerce Bancorp | Common Stock | $0 | 0.0% | 0 |  | Sold out −351,330 |
| PSB Holdings, Inc. | Common Stock | $0 | 0.0% | 0 |  | Sold out −74,794 |
| United Security Bankshares | Common Stock | $0 | 0.0% | 0 |  | Sold out −532,316 |

Source: SEC EDGAR, Form 13F-HR, accession 0001029311-26-000048. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.