BANC FUNDS CO LLC

Filed: 8/14/2025ACC: 0001029311-25-000009

📋 What this filing means

BANC FUNDS CO LLC filed this quarterly 13F‑HR report disclosing 115 equity positions with a total reported market value of $661.60M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

115

Positions

$661.60M

Total AUM (reported)

33.05M

Total Shares

Allocation by class

COMMON$661.60M100.0%

Portfolio Concentration

Top 3$67.29M10.2%

4–10$106.84M16.1%

11–25$170.57M25.8%

Rest$316.91M47.9%

Top 3 weight

10.2%

Top 10 weight

26.3%

Voting Authority Distribution

Total shares with voting rights: 33.05M

Sole

Full voting authority

33.05M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole115

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings115

Rows:

Unity Bancorp, Inc.

SOLE

Common

Shares524.22K

TypeSH

Market value$24.68M

3.73%

Sole

524.22K

Shared

0.00

None

0.00

FineMark Holdings, Inc.

SOLE

Common

Shares535.26K

TypeSH

Market value$22.08M

3.34%

Sole

535.26K

Shared

0.00

None

0.00

Old Second Bancorp, Inc.

SOLE

Common

Shares1.16M

TypeSH

Market value$20.53M

3.10%

Sole

1.16M

Shared

0.00

None

0.00

Private Bancorp of America, Inc.

SOLE

Common

Shares332.53K

TypeSH

Market value$18.03M

2.73%

Sole

332.53K

Shared

0.00

None

0.00

California BanCorp.

SOLE

Common

Shares993.40K

TypeSH

Market value$15.66M

2.37%

Sole

993.40K

Shared

0.00

None

0.00

First Bank

SOLE

Common

Shares991.25K

TypeSH

Market value$15.33M

2.32%

Sole

991.25K

Shared

0.00

None

0.00

Primis Financial Corporation

SOLE

Common

Shares1.37M

TypeSH

Market value$14.85M

2.25%

Sole

1.37M

Shared

0.00

None

0.00

American Business Bank

SOLE

Common

Shares347.45K

TypeSH

Market value$14.82M

2.24%

Sole

347.45K

Shared

0.00

None

0.00

West Coast Community Bancorp

SOLE

Common

Shares363.82K

TypeSH

Market value$14.24M

2.15%

Sole

363.82K

Shared

0.00

None

0.00

Southern States Bancshares, Inc.

SOLE

Common

Shares382.38K

TypeSH

Market value$13.91M

2.10%

Sole

382.38K

Shared

0.00

None

0.00

Avidbank Holdings, Inc.

SOLE

Common

Shares670.04K

TypeSH

Market value$13.69M

2.07%

Sole

670.04K

Shared

0.00

None

0.00

First Business Financial Services, Inc.

SOLE

Common

Shares264.48K

TypeSH

Market value$13.40M

2.03%

Sole

264.48K

Shared

0.00

None

0.00

Peapack-Gladstone Financial Corporation

SOLE

Common

Shares462.40K

TypeSH

Market value$13.06M

1.97%

Sole

462.40K

Shared

0.00

None

0.00

Merchants Bancorp

SOLE

Common

Shares385.79K

TypeSH

Market value$12.76M

1.93%

Sole

385.79K

Shared

0.00

None

0.00

MainStreet Bancshares, Inc.

SOLE

Common

Shares651.01K

TypeSH

Market value$12.30M

1.86%

Sole

651.01K

Shared

0.00

None

0.00

Texas Capital Bancshares, Inc.

SOLE

Common

Shares149.21K

TypeSH

Market value$11.85M

1.79%

Sole

149.21K

Shared

0.00

None

0.00

Metropolitan Bank Holding Corp.

SOLE

Common

Shares159.05K

TypeSH

Market value$11.13M

1.68%

Sole

159.05K

Shared

0.00

None

0.00

First Western Financial, Inc.

SOLE

Common

Shares490.52K

TypeSH

Market value$11.07M

1.67%

Sole

490.52K

Shared

0.00

None

0.00

Southern First Bancshares, Inc.

SOLE

Common

Shares286.70K

TypeSH

Market value$10.90M

1.65%

Sole

286.70K

Shared

0.00

None

0.00

Mid Penn Bank

SOLE

Common

Shares375.79K

TypeSH

Market value$10.60M

1.60%

Sole

375.79K

Shared

0.00

None

0.00

Triumph Bancorp, Inc.

SOLE

Common

Shares189.39K

TypeSH

Market value$10.44M

1.58%

Sole

189.39K

Shared

0.00

None

0.00

Banc of California, Inc.

SOLE

Common

Shares741.54K

TypeSH

Market value$10.42M

1.57%

Sole

741.54K

Shared

0.00

None

0.00

Colony Bankcorp Inc.

SOLE

Common

Shares621.16K

TypeSH

Market value$10.23M

1.55%

Sole

621.16K

Shared

0.00

None

0.00

First Internet Bancorp

SOLE

Common

Shares350.30K

TypeSH

Market value$9.42M

1.42%

Sole

350.30K

Shared

0.00

None

0.00

CNB Financial Corporation

SOLE

Common

Shares406.78K

TypeSH

Market value$9.30M

1.41%

Sole

406.78K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
Unity Bancorp, Inc.SOLE	Common	524.22K	SH	$24.68M 3.73%	524.22K
FineMark Holdings, Inc.SOLE	Common	535.26K	SH	$22.08M 3.34%	535.26K
Old Second Bancorp, Inc.SOLE	Common	1.16M	SH	$20.53M 3.10%	1.16M
Private Bancorp of America, Inc.SOLE	Common	332.53K	SH	$18.03M 2.73%	332.53K
California BanCorp.SOLE	Common	993.40K	SH	$15.66M 2.37%	993.40K
First BankSOLE	Common	991.25K	SH	$15.33M 2.32%	991.25K
Primis Financial CorporationSOLE	Common	1.37M	SH	$14.85M 2.25%	1.37M
American Business BankSOLE	Common	347.45K	SH	$14.82M 2.24%	347.45K
West Coast Community BancorpSOLE	Common	363.82K	SH	$14.24M 2.15%	363.82K
Southern States Bancshares, Inc.SOLE	Common	382.38K	SH	$13.91M 2.10%	382.38K
Avidbank Holdings, Inc.SOLE	Common	670.04K	SH	$13.69M 2.07%	670.04K
First Business Financial Services, Inc.SOLE	Common	264.48K	SH	$13.40M 2.03%	264.48K
Peapack-Gladstone Financial CorporationSOLE	Common	462.40K	SH	$13.06M 1.97%	462.40K
Merchants BancorpSOLE	Common	385.79K	SH	$12.76M 1.93%	385.79K
MainStreet Bancshares, Inc.SOLE	Common	651.01K	SH	$12.30M 1.86%	651.01K
Texas Capital Bancshares, Inc.SOLE	Common	149.21K	SH	$11.85M 1.79%	149.21K
Metropolitan Bank Holding Corp.SOLE	Common	159.05K	SH	$11.13M 1.68%	159.05K
First Western Financial, Inc.SOLE	Common	490.52K	SH	$11.07M 1.67%	490.52K
Southern First Bancshares, Inc.SOLE	Common	286.70K	SH	$10.90M 1.65%	286.70K
Mid Penn BankSOLE	Common	375.79K	SH	$10.60M 1.60%	375.79K
Triumph Bancorp, Inc.SOLE	Common	189.39K	SH	$10.44M 1.58%	189.39K
Banc of California, Inc.SOLE	Common	741.54K	SH	$10.42M 1.57%	741.54K
Colony Bankcorp Inc.SOLE	Common	621.16K	SH	$10.23M 1.55%	621.16K
First Internet BancorpSOLE	Common	350.30K	SH	$9.42M 1.42%	350.30K
CNB Financial CorporationSOLE	Common	406.78K	SH	$9.30M 1.41%	406.78K

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