Banc Funds Co LLC reported 61 positions worth $470.20M for the quarter ended Jun 30, 2026, up 20.9% on the prior quarter. It opened 5 new positions, added to 13, trimmed 18 and exited 4. Its largest holding is Old Second Bancorp Inc at 5.1% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| FCBM First Carolina Financial Services, Inc. | +1.34M | – | $17.73M | 3.77% |
| CWBC Community West Bancshares | +240.6K | – | $6.46M | 1.37% |
| BHRB Burke & Herbert Financial Services Corp. | +82.4K | – | $5.92M | 1.26% |
| HOMB Home Bancshares Inc | +112.1K | – | $3.20M | 0.681% |
| FSUN Firstsun Capital Bancorp | +69.5K | +41.3% | $2.70M | 1.96% |
| PNFP Pinnacle Financial Partners, Inc. | +14.0K | +64.2% | $1.41M | 0.768% |
| SYBT Stock Yards Bancorp, Inc. | +10.0K | – | $764.70K | 0.163% |
| MVBF Mvb Financial Corp | +24.8K | +27.1% | $718.46K | 0.716% |
| MCB Metropolitan Bank Holding Corp. | +5,000 | +3.5% | $493.80K | 3.09% |
| CBAN Colony Bankcorp Inc | +22.0K | +5.2% | $441.98K | 1.89% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| CBSH Commerce Bancshares Inc | -86.8K | -100.0% | $4.27M | Exited |
| FNRN First Northern Community Bancorp | -234.2K | -100.0% | $3.72M | Exited |
| SMBK Smartfinancial Inc. | -52.5K | -35.0% | $2.46M | 0.974% |
| HNVR Hanover Bancorp, Inc. | -76.8K | -100.0% | $1.66M | Exited |
| SHBI Shore Bancshares Inc | -59.3K | -30.3% | $1.36M | 0.665% |
| BCTF Bancorp 34, Inc. | -45.0K | -42.1% | $692.33K | 0.202% |
| BSRR Sierra Bancorp | -14.0K | -12.4% | $570.64K | 0.86% |
| SFST Southern First Bancshares Inc | -9,000 | -5.2% | $549.90K | 2.11% |
| BY Byline Bancorp, Inc. | -14.5K | -42.4% | $545.13K | 0.158% |
| FXNC First National Corp | -18.0K | -36.5% | $540.87K | 0.2% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| FCBM First Carolina Financial Services, Inc. | +1.34M | $17.73M | 3.77% |
| CWBC Community West Bancshares | +240.6K | $6.46M | 1.37% |
| BHRB Burke & Herbert Financial Services Corp. | +82.4K | $5.92M | 1.26% |
| HOMB Home Bancshares Inc | +112.1K | $3.20M | 0.681% |
| SYBT Stock Yards Bancorp, Inc. | +10.0K | $764.70K | 0.163% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | OSBC Old Second Bancorp Inc | Financial Services | 1.03M | $24.12M | 5.13% | +5,000 | +0.5% | Added | 2.02% |
| 2 | PBAM Private Bancorp of America, Inc. | Financial Services | 313.9K | $23.23M | 4.94% | +4,000 | +1.3% | Added | 5.48% |
| 3 | AVBH Avidbank Holdings, Inc. | Financial Services | 668.1K | $22.07M | 4.69% | +3,000 | +0.5% | Added | 6.08% |
| 4 | UNTY Unity Bancorp Inc | Financial Services | 370.5K | $21.74M | 4.62% | -5,000 | -1.3% | Reduced | 3.69% |
| 5 | FCBM First Carolina Financial Services, Inc. | Financial Services | 1.34M | $17.73M | 3.77% | +1.34M | – | New | 4.31% |
| 6 | BCAL California BanCorp \ CA | Financial Services | 816.2K | $17.01M | 3.62% | -15.0K | -1.8% | Reduced | 2.54% |
| 7 | MCB Metropolitan Bank Holding Corp. | Financial Services | 147.2K | $14.54M | 3.09% | +5,000 | +3.5% | Added | 1.19% |
| 8 | FRST Primis Financial Corp. | Financial Services | 873.0K | $14.29M | 3.04% | 0 | 0.0% | Unchanged | 3.52% |
| 9 | MBIN Merchants Bancorp | Financial Services | 285.1K | $14.25M | 3.03% | +4,000 | +1.4% | Added | 0.62% |
| 10 | MNSB MainStreet Bancshares, Inc. | Financial Services | 545.7K | $13.47M | 2.87% | +14.7K | +2.8% | Added | 7.6% |
| 11 | PGC Peapack Gladstone Financial Corp | Financial Services | 273.9K | $12.97M | 2.76% | 0 | 0.0% | Unchanged | 1.55% |
| 12 | TCBI Texas Capital Bancshares Inc | Financial Services | 119.8K | $12.37M | 2.63% | 0 | 0.0% | Unchanged | 0.27% |
| 13 | MYFW First Western Financial Inc | Financial Services | 342.4K | $10.99M | 2.34% | -6,000 | -1.7% | Reduced | 3.51% |
| 14 | ALRS Alerus Financial Corp | Financial Services | 349.2K | $10.86M | 2.31% | 0 | 0.0% | Unchanged | 1.39% |
| 15 | BANC Banc Of California, Inc. | Financial Services | 519.7K | $10.62M | 2.26% | 0 | 0.0% | Unchanged | 0.33% |
Tip. Select a row to see that position’s full history at Banc Funds.
As of its Q2 2026 13F filing, Banc Funds Co LLC’s five largest positions were Old Second Bancorp Inc (OSBC) at 5.1%, Private Bancorp of America, Inc. (PBAM) at 4.9%, Avidbank Holdings, Inc. (AVBH) at 4.7%, Unity Bancorp Inc (UNTY) at 4.6%, First Carolina Financial Services, Inc. (FCBM) at 3.8% of the reported portfolio.
Banc Funds Co LLC reported a 13F portfolio worth $470.20M across 61 positions for Q2 2026. That is up 20.9% from the previous quarter.
Its largest purchases by value were First Carolina Financial Services, Inc. ($17.73M), Community West Bancshares ($6.46M), Burke & Herbert Financial Services Corp. ($5.92M). It opened 5 new positions.
Its largest sales by value were Commerce Bancshares Inc ($4.27M), First Northern Community Bancorp ($3.72M), Smartfinancial Inc. ($2.46M). It exited 4 positions entirely.
From the Form 13F-HR reports Banc Funds Co LLC files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.