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Institutional Investment Manager
BANC FUNDS CO LLC
BANC FUNDS CO LLC (CIK: 0001029311) incorporated in Illinois, located at 150 S. Wacker Drive, Chicago, IL. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q3)
Portfolio Summary: 310 holdings with a total value of $1,631,251,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 ENTERPRISE FINL SVCS CORP 1,632,141 41,081,000 2.52%
2 STATE BK FINL CORP 1,693,045 35,012,000 2.15%
3 MERCANTILE BANK CORP 1,528,911 31,771,000 1.95%
4 FIDELITY SOUTHERN CORP NEW 1,485,529 31,404,000 1.93%
5 SANDY SPRING BANCORP INC 1,146,693 30,020,000 1.84%
6 CENTERSTATE BANKS INC 2,015,273 29,625,000 1.82%
7 SUFFOLK BANCORP 1,060,163 28,964,000 1.78%
8 PEAPACK-GLADSTONE FINL CORP 1,324,019 28,029,000 1.72%
9 COBIZ FINANCIAL INC 2,000,073 26,021,000 1.60%
10 FIRST MIDWEST BANCORP DEL 1,475,110 25,873,000 1.59%
11 CU BANCORP CALIF 1,125,614 25,281,000 1.55%
12 TRISTATE CAP HLDGS INC 2,014,277 25,118,000 1.54%
13 FIRST NBC BK HLDG CO 678,583 23,778,000 1.46%
14 PACIFIC CONTINENTAL CORP 1,691,652 22,516,000 1.38%
15 MB FINANCIAL INC NEW 688,021 22,457,000 1.38%
16 BANNER CORP 454,908 21,731,000 1.33%
17 BOSTON PRIVATE FINL HLDGS IN 1,788,363 20,924,000 1.28%
18 HERITAGE COMMERCE CORP 1,814,232 20,573,000 1.26%
19 WINTRUST FINL CORP 373,352 19,948,000 1.22%
20 CAMBRIDGE BANCORP 389,026 18,673,000 1.14%
21 CENTRAL PAC FINL CORP 887,166 18,604,000 1.14%
22 CAPITAL BK FINL CORP 595,524 18,003,000 1.10%
23 FIRST MERCHANTS CORP 673,780 17,667,000 1.08%
24 PARK STERLING CORP 2,573,730 17,501,000 1.07%
25 HERITAGE FINL CORP WASH 914,238 17,206,000 1.05%
26 FIRST BUS FINL SVCS INC WIS 680,728 16,011,000 0.98%
27 STONEGATE BK FT LAUDERDALE F 491,017 15,619,000 0.96%
28 OLD SECOND BANCORP INC ILL 2,475,284 15,421,000 0.95%
29 BSB BANCORP INC MD 727,546 15,380,000 0.94%
30 LAKELAND BANCORP INC 1,330,930 14,787,000 0.91%
31 EAGLE BANCORP INC MD 322,994 14,696,000 0.90%
32 BANK OF MARIN BANCORP 299,479 14,372,000 0.88%
33 SOUTHWEST BANCORP INC OKLA 874,007 14,342,000 0.88%
34 Union Bankshares Corp 580,351 13,928,000 0.85%
35 HERITAGE OAKS BANCORP 1,748,442 13,918,000 0.85%
36 QCR HOLDINGS INC 614,835 13,446,000 0.82%
37 NATIONAL BK HLDGS CORP 639,700 13,133,000 0.81%
38 AMERICAN HOMES 4 RENT 777,800 12,507,000 0.77%
39 METRO BANCORP INC PA 412,556 12,125,000 0.74%
40 WATERSTONE FINL INC MD 844,368 11,382,000 0.70%
41 SOUTHERN FIRST BANCSHARES IN 553,891 11,349,000 0.70%
42 CODORUS VY BANCORP INC 549,080 11,152,000 0.68%
43 W.T.B. Financial Corporation 59,025 11,038,000 0.68%
44 OLD LINE BANCSHARES INC 666,496 10,837,000 0.66%
45 CENTRAL VALLEY CMNTY BANCORP 889,895 10,768,000 0.66%
46 IBERIABANK CORP 180,534 10,509,000 0.64%
47 SOUTHERN NATL BANCORP OF VA 880,790 9,944,000 0.61%
48 PEOPLES BANCORP INC 468,231 9,735,000 0.60%
49 STIFEL FINL CORP 216,096 9,098,000 0.56%
50 SEACOAST BKG CORP FLA 600,829 8,820,000 0.54%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-15-040886, filed 2015.11.12).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.