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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 (2016Q4)
Portfolio Summary: 276 holdings with a total value of $2,356,233,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 Enterprise Finl Svcs Corp 1,511,028 64,974,000 2.76%
2 Mercantile Bank Corp 1,442,474 54,381,000 2.31%
3 STATE BK FINL CORP COM 1,879,045 50,471,000 2.14%
4 PEAPACK-GLADSTONE FINL CORP 1,456,387 44,973,000 1.91%
5 TRISTATE CAP HLDGS INC COM 2,030,869 44,882,000 1.90%
6 SANDY SPRING BANCORP INC COM 1,091,067 43,632,000 1.85%
7 CU BANCORP CALIF 1,170,453 41,902,000 1.78%
8 SUFFOLK BANCORP COM 932,743 39,940,000 1.70%
9 FIRST MIDWEST BANCORP DEL COM 1,556,540 39,272,000 1.67%
10 CENTERSTATE BANKS COMMON STK USD0.01 1,556,329 39,173,000 1.66%
11 FIDELITY SOUTHERN CORP 1,571,486 37,197,000 1.58%
12 Park Sterling Corp 3,199,994 34,528,000 1.47%
13 SOUTHWEST BANCORP INC OKLA COM 1,135,282 32,923,000 1.40%
14 LAKELAND BANCORP INC COM 1,684,554 32,849,000 1.39%
15 PACIFIC CONTINENTAL CORP 1,467,129 32,057,000 1.36%
16 CoBiz Financial Inc 1,760,423 29,734,000 1.26%
17 BOSTON PRIVATE FINANCIAL HLDGS INC (FORM BOSTON PRIVATE BANCORP INC) 1,755,163 29,048,000 1.23%
18 FIRST MERCHANTS CORP COM 764,326 28,777,000 1.22%
19 OLD SECOND BANCORP INC ILL 2,565,882 28,353,000 1.20%
20 MB FINL INC 588,021 27,772,000 1.18%
21 CAPITAL BANK 689,132 27,048,000 1.15%
22 STONEGATE BK FT LAUDERDALE F 630,146 26,296,000 1.12%
23 NATIONAL BANK 815,520 26,007,000 1.10%
24 HERITAGE FINL CORP WASH COM 964,731 24,842,000 1.05%
25 QCR HOLDINGS INC 534,628 23,149,000 0.98%
26 BSB BANCORP INC MD 763,824 22,113,000 0.94%
27 HERITAGE OAKS BANCORP COM 1,788,348 22,050,000 0.94%
28 CODORUS VY BANCORP INC 759,869 21,732,000 0.92%
29 REPUBLIC FIRST BANCORP INC 2,540,059 21,209,000 0.90%
30 Heritage Commerce Corp 1,403,708 20,256,000 0.86%
31 SOUTHERN FIRST 547,521 19,711,000 0.84%
32 FIRST BANCSHARES INC MS 708,843 19,493,000 0.83%
33 UNION BANKSHARES CORP NEW COM 515,351 18,419,000 0.78%
34 CENTRAL VALLEY CMNTY BANCORP 908,424 18,132,000 0.77%
35 SOUTHEASTERN BANK FINANCIAL CO 281,988 17,895,000 0.76%
36 PEOPLES BANCORP INC 546,882 17,752,000 0.75%
37 First Bus Finl Svcs Inc Wis 735,728 17,451,000 0.74%
38 WATERSTONE FINL INC MD 943,769 17,365,000 0.74%
39 EAGLE BANCORP INC MD 274,490 16,730,000 0.71%
40 CAMBRIDGE BANCORP 267,844 16,684,000 0.71%
41 CONNECTONE BANCORP INC COM 642,153 16,664,000 0.71%
42 AMERICAN HOMES 4 RENT CL A 777,800 16,318,000 0.69%
43 IBERIABANK CORP COM 190,534 15,957,000 0.68%
44 PARAGON COML CORP 363,911 15,910,000 0.68%
45 W.T.B. Financial Corporation 61,404 15,658,000 0.66%
46 BANK MARIN BANCORP 212,555 14,826,000 0.63%
47 ALLEGIANCE BANCSHARES INC COM 409,587 14,807,000 0.63%
48 SOUTHERN NATL BANCORP OF VA COM 896,012 14,641,000 0.62%
49 FIRST BANCORP 500,164 13,574,000 0.58%
50 CHEMICAL FINANCIAL CORPORATION 250,046 13,545,000 0.57%
Page 1 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-17-006352, filed 2017.02.14).

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.