BANC FUNDS CO LLC

13F filer, CIK 1029311, CHICAGO, IL

BANC FUNDS CO LLC reported $921,366,243 across 125 holdings for the quarter ended 2024-09-30, in a 13F-HR filed 2024-11-14. Its ten largest share positions make up 24.21% of the portfolio.

Filed 2024-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 18:26:56 UTC13F-HR 0001029311-24-000008

Period: 2024-09-30
Reported value: $921M
Holdings: 125
Top 10 weight: 24.21%
New: 5
Sold out: 7

Largest buys vs the previous quarter

Security	Shares change	Approx. value
BCALadded	+1,048,281	$15.5M
Bremer Financial Corporationnew	+41,667	$4.17M
AMTBnew	+160,000	$3.42M
BRBSadded	+944,000	$2.64M
WRIVadded	+67,261	$1.92M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
CALIFORNIA BANCORP INCexited	-659,297	-$14.2M
PFSexited	-567,451	-$8.14M
CROSSFIRST BANKSHARES INCreduced	-408,690	-$6.82M
CAMBRIDGE BANCORPexited	-71,044	-$4.9M
OSBCreduced	-221,400	-$3.45M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2024

Share positions as resolved from 13F-HR 0001029311-24-000008, largest first. % of portfolio is the value over $921,366,243, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
UNTYUNITY BANCORP INC	840,044	$28.6M	3.11%	-101,000	Timeline
OSBCOLD SECOND BANCORP INC DEL	1,754,288	$27.3M	2.97%	-221,400	Timeline
FRBAFIRST BK WILLIAMSTOWN NEW JE	1,504,192	$22.9M	2.48%	0	Timeline
SOUTHERN STS BANCSHARES INC…SOUTHERN STS BANCSHARES INC COM	717,213	$22M	2.39%	-25,440
AMBZAMERICAN BUSINESS BANK LA CAL	570,335	$21.6M	2.35%	+10,000	Timeline
TFINTRIUMPH FINANCIAL INC	264,243	$21M	2.28%	-29,500	Timeline
BCALCALIFORNIA BANCORP	1,412,186	$20.9M	2.27%	+1,048,281	Timeline
FRSTPRIMIS FINANCIAL CORP	1,713,963	$20.9M	2.27%	-6,400	Timeline
FINEMARK HOLDINGS INCFINEMARK HOLDINGS INC	726,244	$19.2M	2.09%	-600
PBAMPRIVATE BANCORP OF AMER INC	411,565	$18.5M	2.01%	+21,500	Timeline
FBIZFIRST BUSINESS FINL SVCS INC	401,626	$18.3M	1.99%	-37,904	Timeline
WCCBWEST COAST COMMUNITY BANCORP	466,527	$18.2M	1.97%	-31,300	Timeline
MBINMERCHANTS BANCORP IND	389,615	$17.5M	1.9%	+12,500	Timeline
OBTORANGE CNTY BANCORP INC	287,872	$17.4M	1.88%	-23,718	Timeline
PGCPEAPACK-GLADSTONE FINL CORP	602,799	$16.5M	1.79%	-73,000	Timeline
TCBITEXAS CAP BANCSHARES INC	231,205	$16.5M	1.79%	-4,800	Timeline
CROSSFIRST BANKSHARES INCCROSSFIRST BANKSHARES INC	964,090	$16.1M	1.75%	-408,690
BANCBANC OF CALIFORNIA INC	1,053,629	$15.5M	1.68%	0	Timeline
CBANCOLONY BANKCORP INC	983,813	$15.3M	1.66%	-71,579	Timeline
SMBKSMARTFINANCIAL INC	514,713	$15M	1.63%	-46,185	Timeline
MYFWFIRST WESTN FINL INC	722,320	$14.4M	1.57%	-32,687	Timeline
AVBHAVIDBANK HLDGS INC	713,197	$13.9M	1.51%	0	Timeline
MBWMMERCANTILE BK CORP	305,847	$13.4M	1.45%	-31,497	Timeline
MCBMETROPOLITAN BK HLDG CORP	240,254	$12.6M	1.37%	0	Timeline
SFSTSOUTHERN FIRST BANCSHARES	370,243	$12.6M	1.37%	-31,000	Timeline
BPRNPRINCETON BANCORP INC	340,716	$12.6M	1.37%	+31,700	Timeline
INBKFIRST INTERNET BANCORP	364,296	$12.5M	1.35%	0	Timeline
ALRSALERUS FINL CORP	543,586	$12.4M	1.35%	0	Timeline
CNOBCONNECTONE BANCORP INC	489,086	$12.3M	1.33%	+5,000	Timeline
MCBIMOUNTAIN COMM BANCOR	572,510	$12M	1.3%	-8,085	Timeline
MNSBMAINSTREET BANCSHARES INC	651,014	$12M	1.3%	0	Timeline
BFSTBUSINESS FIRST BANCSHARES IN	462,494	$11.9M	1.29%	-25,509	Timeline
CCNECNB FINL CORP PA	481,576	$11.6M	1.26%	-15,612	Timeline
TCBXTHIRD COAST BANCSHARES INC	432,745	$11.6M	1.26%	-54,909	Timeline
FENTURA FINL INCFENTURA FINL INC	295,913	$11.6M	1.25%	-26,836
BSVNBANK7 CORP	305,136	$11.4M	1.24%	-30,464	Timeline
ISTRINVESTAR HOLDING CORP	583,925	$11.3M	1.23%	-25,692	Timeline
MPBMID PENN BANCORP INC	362,552	$10.8M	1.17%	-97,275	Timeline
BSRRSIERRA BANCORP	369,283	$10.7M	1.16%	-61,145	Timeline
MRBKMERIDIAN CORP	829,153	$10.5M	1.14%	+37,450	Timeline
ALPIBALPINE BKS COLO CL B COM (CO)	346,490	$10.2M	1.11%	-9,476	Timeline
FSUNFIRSTSUN CAP BANCORP	221,396	$9.43M	1.02%	-1,000	Timeline
FNRNFIRST NORTHN CMNTY BANCORP	840,537	$8.66M	0.94%	-10,000	Timeline
BWFGBANKWELL FINL GROUP INC	282,623	$8.46M	0.92%	0	Timeline
FFWMFIRST FNDTN INC	1,353,054	$8.44M	0.92%	0	Timeline
VERITEX HLDGS INCVERITEX HLDGS INC	303,000	$7.97M	0.87%	+2,000
CZWICITIZENS CMNTY BANCORP INC M	559,970	$7.93M	0.86%	-119,550	Timeline
Traditions Bancorp IncTraditions Bancorp Inc	251,895	$7.49M	0.81%	-8,500
UBABUNITED BANCORPORATION OF ALA I	127,413	$6.49M	0.7%	-11,109	Timeline
SHBISHORE BANCSHARES INC	461,954	$6.46M	0.7%	-42,882	Timeline
Bay Community BancorpBay Community Bancorp	480,244	$6.46M	0.7%	0
PSBQPSB HLDGS INC	250,956	$6.27M	0.68%	-30,000	Timeline
RCBCRIVER CITY BK SACRAMENTO CAL	22,168	$6.21M	0.67%	0	Timeline
ARBVAMERICAN RIVIERA BANCORP	322,046	$6.16M	0.67%	-47,700	Timeline
BRBSBLUE RIDGE BANKSHARES INC VA	2,130,722	$5.97M	0.65%	+944,000	Timeline
COSOCOASTALSOUTH BANCSHARES INC	292,473	$5.76M	0.62%	-500	Timeline
LNKBLINKBANCORP INC	864,241	$5.54M	0.6%	-11,000	Timeline
Prime Meridian Holding Comp…Prime Meridian Holding Company	215,076	$5.48M	0.6%	-4,000
FSRLFIRST RELIANCE BANCSHARES, INC	537,984	$5.46M	0.59%	-22,600	Timeline
SABKSOUTH ATLANTIC BANCSHARES INC	379,689	$5.33M	0.58%	-25,491	Timeline
UBFOUNITED SEC BANCSHARES CALIF	573,139	$4.99M	0.54%	+13,912	Timeline
Oregon Pacific BancorpOregon Pacific Bancorp	661,386	$4.99M	0.54%	0
FGFHFORESIGHT FINANCIAL GR INC	142,598	$4.71M	0.51%	0	Timeline
FSBCFIVE STAR BANCORP	148,919	$4.43M	0.48%	-13,000	Timeline
CMHFCOMMUNITY HERITAGE F	203,558	$4.27M	0.46%	0	Timeline
FCPBFIRST CAPITAL BANCSHARES INC	382,816	$4.19M	0.45%	-18,761	Timeline
Bremer Financial CorporationBremer Financial Corporation	41,667	$4.17M	0.45%	new
Hanover BancorpHanover Bancorp	228,440	$4.09M	0.44%	0
WRIVWHITE RIV BANCSHARES CO COM (A	137,422	$3.92M	0.43%	+67,261	Timeline
SOUBSOUTHPOINT BANCSHARES INC COM	109,704	$3.73M	0.4%	0	Timeline
FVCBFVCBANKCORP INC	280,121	$3.66M	0.4%	-17,100	Timeline
SSBISUMMIT ST BK SANTA ROSA CALI	429,395	$3.63M	0.39%	-10,000	Timeline
1st Capital Bancorp1st Capital Bancorp	250,658	$3.51M	0.38%	0
STBKSTUDIO FINL HLDGS INC COM(TN)	344,415	$3.44M	0.37%	+33,841	Timeline
AMTBAMERANT BANCORP INC	160,000	$3.42M	0.37%	new	Timeline
ENTERPRISE BANCORP INC MASS…ENTERPRISE BANCORP INC MASS COM	106,004	$3.39M	0.37%	+5,000
NORTHWAY FINL INCNORTHWAY FINL INC	103,158	$3.2M	0.35%	-46,580
CCNBCOASTAL CAROLINA BANCSHARES	304,492	$3.02M	0.33%	-5,000	Timeline
FXNCFIRST NATL CORP VA	172,291	$3.02M	0.33%	-1,880	Timeline
FCCOFIRST CMNTY CORP S C	139,424	$2.99M	0.32%	-46,551	Timeline
CBWACOMMENCEMENT BANCORP INC (WA)	256,860	$2.89M	0.31%	-17,700	Timeline
HTBKHERITAGE COMM CORP	272,839	$2.7M	0.29%	-155,800	Timeline
MFGIMERCHANTS FINANCIAL GROUP INC	104,401	$2.66M	0.29%	-41,547	Timeline
BYBYLINE BANCORP INC	96,890	$2.59M	0.28%	-18,692	Timeline
MVLYMISSION VALLEY BANCORP (SUN VA	163,742	$2.44M	0.26%	-4,500	Timeline
TBBKBANCORP INC DEL	45,592	$2.44M	0.26%	-2,000	Timeline
SBKOSUMMIT BK GROUP INC	190,501	$2.37M	0.26%	+43,700	Timeline
PPBNPINNACLE BANKSHARES CORP	79,682	$2.37M	0.26%	0	Timeline
SBTSTERLING BANCORP INC	502,061	$2.28M	0.25%	0	Timeline
USCBUSCB FINANCIAL HOLDINGS INC	149,230	$2.28M	0.25%	-17,100	Timeline
TRCYTRI CITY BANKSHARES CORP CMT	169,041	$2.27M	0.25%	-2,000	Timeline
Grand River Commerce, Inc.Grand River Commerce, Inc.	675,014	$2.19M	0.24%	0
DCOMDIME COML BANCSHARES INC	76,073	$2.19M	0.24%	-60,188	Timeline
MCHENRY BANCMCHENRY BANC	60,000	$2.17M	0.24%	0
BLHKBlueHarbor Bank (NC) Common St	106,602	$2.13M	0.23%	0	Timeline
MVBFMVB FINL CORP	109,189	$2.11M	0.23%	0	Timeline
WEXWEX INC	9,955	$2.09M	0.23%	0	Timeline
BAFNBAYFIRST FINANCIAL CORP	150,272	$1.98M	0.21%	0	Timeline
FSBHFSBH CORP COM	234,250	$1.87M	0.2%	0	Timeline
Bancorp 34 IncBancorp 34 Inc	162,857	$1.82M	0.2%	0
PBNKPINNALCE BANK GILROY CA	92,128	$1.77M	0.19%	-16,000	Timeline
BWBBRIDGEWATER BANCSHARES INC	119,479	$1.69M	0.18%	-17,000	Timeline
1ST COLONIAL BANCORP INC1ST COLONIAL BANCORP INC	108,144	$1.66M	0.18%	-16,000
HBTHBT FINL INC.	72,544	$1.59M	0.17%	-54,549	Timeline
MLGFMALAGA FINACIAL CORP	68,304	$1.57M	0.17%	-11,000	Timeline
PWBKPACIFIC WEST BANCORP	145,715	$1.53M	0.17%	0	Timeline
RNSTRENASANT CORP	46,875	$1.52M	0.17%	new	Timeline
OBKORIGIN BANCORP INC	47,142	$1.52M	0.16%	0	Timeline
SBNCSOUTHERN BANCSHARES N C INC CO	239	$1.46M	0.16%	-78	Timeline
MOFGMIDWESTONE FINANCIAL GROUP I	50,000	$1.43M	0.15%	new	Timeline
BORTBANK OF BOTETOURT BUCHANAN VA	36,624	$1.19M	0.13%	0	Timeline
OVLYOAK VY BANCORP OAKDALE CALIF	43,822	$1.16M	0.13%	-28,684	Timeline
Dogwood State BankDogwood State Bank	79,721	$1.06M	0.11%	new
BKOROAK RIDGE FINL SVCS INC COM ST	49,364	$944K	0.1%	0	Timeline
CNB CORP CDT COM ISSUE INAC…CNB CORP CDT COM ISSUE INACTIVE	14,348	$933K	0.1%	0
ES BANCSHARES ORDES BANCSHARES ORD	145,745	$925K	0.1%	-104,700
Endeavor BancorpEndeavor Bancorp	83,891	$841K	0.09%	+19,621
FFMHFIRST FMRS & MERCHANTS CORP CO	20,092	$693K	0.08%	0	Timeline
CBNKCAPITAL BANCORP INC MD	24,022	$618K	0.07%	0	Timeline
LOBLIVE OAK BANCSHARES INC	12,750	$604K	0.07%	0	Timeline
RVSBRIVERVIEW BANCORP INC	126,344	$595K	0.06%	0	Timeline
CSHXCASHMERE VALLEY BANK COMMON ST	9,587	$554K	0.06%	-6,100	Timeline
PTBSPOTOMAC BANCSHARES INC	33,492	$500K	0.05%	0	Timeline
BCBPBCB BANCORP INC	36,437	$450K	0.05%	-46,709	Timeline
BOTJBANK OF THE JAMES FINL GP IN	23,029	$316K	0.03%	-38,346	Timeline

Sold out in Q3 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
CALIFORNIA BANCORP INCCALIFORNIA BANCORP INC	659,297	$14.2M	shares
PFSPROVIDENT FINL SVCS INC	567,451	$8.14M	shares
CAMBRIDGE BANCORPCAMBRIDGE BANCORP	71,044	$4.9M	shares
SAMGSILVERCREST ASSET MGMT GROUP	130,918	$2.04M	shares
Community First Bancorporat…Community First Bancorporation	137,141	$1.08M	shares
Cornerstone Financial Corpo…Cornerstone Financial Corporation	150,000	$1.01M	shares
LPROOPEN LENDING CORP	34,220	$191K	shares

How Q3 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001029311-24-000008	base		2024-11-14	acceptance time not in the bulk data set	2026-10-07 18:26:56 UTC