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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 (2015Q4)
Portfolio Summary: 311 holdings with a total value of $1,753,997,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 Enterprise Finl Svcs Corp 1,632,141 46,271,000 2.64%
2 Mercantile Bank Corp 1,528,911 37,519,000 2.14%
3 STATE BK FINL CORP COM 1,693,045 35,605,000 2.03%
4 FIDELITY SOUTHERN CORP 1,447,529 32,294,000 1.84%
5 CENTERSTATE BANKS COMMON STK USD0.01 1,995,705 31,233,000 1.78%
6 SANDY SPRING BANCORP INC COM 1,146,693 30,915,000 1.76%
7 SUFFOLK BANCORP COM 1,060,163 30,056,000 1.71%
8 CU BANCORP CALIF 1,125,614 28,546,000 1.63%
9 TRISTATE CAP HLDGS INC COM 2,035,377 28,475,000 1.62%
10 PEAPACK-GLADSTONE FINL CORP 1,324,019 27,301,000 1.56%
11 FIRST MIDWEST BANCORP DEL COM 1,475,110 27,186,000 1.55%
12 CoBiz Financial Inc 1,985,073 26,640,000 1.52%
13 FIRST NBC BK HLDG CO 678,583 25,372,000 1.45%
14 PACIFIC CONTINENTAL CORP 1,691,652 25,172,000 1.44%
15 MB FINL INC 688,021 22,271,000 1.27%
16 Heritage Commerce Corp 1,814,232 21,698,000 1.24%
17 BOSTON PRIVATE FINANCIAL HLDGS INC (FORM BOSTON PRIVATE BANCORP INC) 1,788,363 20,280,000 1.16%
18 CENTRAL PAC FINL CORP COM NEW 887,166 19,535,000 1.11%
19 OLD SECOND BANCORP INC ILL 2,475,284 19,406,000 1.11%
20 CAPITAL BANK 595,524 19,045,000 1.09%
21 Park Sterling Corp 2,573,730 18,840,000 1.07%
22 CAMBRIDGE BANCORP 385,026 18,250,000 1.04%
23 WINTRUST FINL CORP COM 368,352 17,872,000 1.02%
24 LAKELAND BANCORP INC COM 1,514,363 17,854,000 1.02%
25 HERITAGE FINL CORP WASH COM 914,238 17,224,000 0.98%
26 BSB BANCORP INC MD 727,546 17,017,000 0.97%
27 First Bus Finl Svcs Inc Wis 660,728 16,525,000 0.94%
28 EAGLE BANCORP INC MD 322,994 16,302,000 0.93%
29 FIRST MERCHANTS CORP COM 634,880 16,139,000 0.92%
30 STONEGATE BK FT LAUDERDALE F 491,017 16,135,000 0.92%
31 BANK MARIN BANCORP 299,479 15,992,000 0.91%
32 SOUTHWEST BANCORP INC OKLA COM 897,107 15,681,000 0.89%
33 CODORUS VY BANCORP INC 748,533 15,225,000 0.87%
34 QCR HOLDINGS INC 614,835 14,934,000 0.85%
35 HERITAGE OAKS BANCORP COM 1,848,442 14,806,000 0.84%
36 UNION BANKSHARES CORP NEW COM 560,351 14,143,000 0.81%
37 NATIONAL BANK 639,700 13,670,000 0.78%
38 W.T.B. Financial Corporation 66,809 13,228,000 0.75%
39 SOUTHERN FIRST 580,043 13,167,000 0.75%
40 AMERICAN HOMES 4 RENT CL A 777,800 12,958,000 0.74%
41 WATERSTONE FINL INC MD 918,568 12,952,000 0.74%
42 METRO BANCORP INC PA 396,756 12,450,000 0.71%
43 SOUTHERN NATL BANCORP OF VA COM 880,790 11,503,000 0.66%
44 Security California Bancorp 551,070 11,297,000 0.64%
45 OLD LINE BANCSHARES INC COM 633,496 11,131,000 0.63%
46 CENTRAL VALLEY CMNTY BANCORP 909,895 10,946,000 0.62%
47 IBERIABANK CORP COM 180,534 9,942,000 0.57%
48 BANNER CORP COM NEW 212,793 9,759,000 0.56%
49 TALMER BANCORP INC 529,200 9,584,000 0.55%
50 PEOPLES BANCORP INC 502,231 9,462,000 0.54%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-16-051835, filed 2016.02.12).

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.