Banc Funds Co 13F annual report
Banc Funds Co is an investment fund managing more than $849 million ran by John Baker. There are currently 155 companies in Mr. Baker’s portfolio. The largest investments include Old Second Bancorp, Inc. and Unity, together worth $50.2 million.
$849 million Assets Under Management (AUM)
As of 4th August 2023, Banc Funds Co’s top holding is 2,051,310 shares of Old Second Bancorp, Inc. currently worth over $26.8 million and making up 3.2% of the portfolio value.
In addition, the fund holds 991,614 shares of Unity worth $23.4 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Triumph worth $20.1 million and the next is Peapack-Gladstone worth $19.8 million, with 731,999 shares owned.
Currently, Banc Funds Co's portfolio is worth at least $849 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Banc Funds Co
The Banc Funds Co office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, John Baker serves as the Member at Banc Funds Co.
Recent trades
In the most recent 13F filing, Banc Funds Co revealed that it had opened a new position in
Peoples Bancorp Inc. and bought 199,145 shares worth $5.29 million.
The investment fund also strengthened its position in First Western Inc by buying
30,000 additional shares.
This makes their stake in First Western Inc total 758,386 shares worth $14.1 million.
First Western Inc dropped 26.9% in the past year.
On the other hand, there are companies that Banc Funds Co is getting rid of from its portfolio.
Banc Funds Co closed its position in Limestone on 11th August 2023.
It sold the previously owned 264,104 shares for $5.89 million.
John Baker also disclosed a decreased stake in Finemark Holdings, Inc. by approximately 0.1%.
This leaves the value of the investment at $19.2 million and 824,344 shares.
One of the smallest hedge funds
The two most similar investment funds to Banc Funds Co are Iberiabank Corp and Piper Sandler & Co. They manage $849 million and $850 million respectively.
John Baker investment strategy
Banc Funds Co’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Finance — making up 48.7% of
the total portfolio value.
The fund focuses on investments in the United States as
40.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
3% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $815 million.
The complete list of Banc Funds Co trades based on 13F SEC filings
These positions were updated on August 11th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Old Second Bancorp, Inc. |
No change
2,051,310
|
$26,790,000 | 3.16% |
| Unity Bancorp, Inc. |
No change
991,614
|
$23,392,000 | 2.76% |
| Triumph Bancorp, Inc. |
No change
331,418
|
$20,124,000 | 2.37% |
| Peapack-Gladstone Financial Corp. |
No change
731,999
|
$19,823,000 | 2.33% |
| Finemark Holdings, Inc. |
0.45%
824,344
|
$19,207,000 | 2.26% |
| American Business Bank |
No change
603,363
|
$16,291,000 | 1.92% |
| CrossFirst Bankshares, Inc. |
No change
1,610,289
|
$16,103,000 | 1.90% |
| Orange County Bancorp |
11.25%
425,380
|
$15,739,000 | 1.85% |
| Santa Cruz County Bank |
0.50%
599,467
|
$15,286,000 | 1.80% |
| First Western Financial Inc |
4.12%
758,386
|
$14,106,000 | 1.66% |
| Primis Financial Corporation |
1.23%
1,648,521
|
$13,881,000 | 1.63% |
| First Bank |
2.01%
1,329,921
|
$13,805,000 | 1.63% |
| MainStreet Bancshares Inc |
No change
606,371
|
$13,740,000 | 1.62% |
| Mercantile Bank Corp. |
No change
493,158
|
$13,621,000 | 1.60% |
| First Business Financial Services Inc |
No change
458,694
|
$13,527,000 | 1.59% |
| Merchants Bancorp |
No change
509,700
|
$13,038,000 | 1.54% |
| Alpine Banks Of Colorado |
No change
465,353
|
$12,774,000 | 1.50% |
| SmartFinancial Inc |
No change
587,648
|
$12,640,000 | 1.49% |
| Texas Capital Bancshares, Inc. |
No change
244,405
|
$12,587,000 | 1.48% |
| HBT Financial Inc |
21.71%
624,712
|
$11,520,000 | 1.36% |
| Avidbank Holdings, Inc. |
No change
695,697
|
$11,465,000 | 1.35% |
| Lakeland Bancorp, Inc. |
6.43%
852,306
|
$11,412,000 | 1.34% |
| Southern States Bancshares, Inc. |
No change
506,022
|
$10,677,000 | 1.26% |
| Alerus Financial Corp |
No change
583,022
|
$10,483,000 | 1.23% |
| Colony Bankcorp, Inc. |
No change
1,105,072
|
$10,410,000 | 1.23% |
| ConnectOne Bancorp Inc. |
0.80%
627,006
|
$10,402,000 | 1.23% |
| Southern First Bancshares Inc |
10.57%
418,573
|
$10,360,000 | 1.22% |
| Mid Penn Bank |
No change
459,827
|
$10,153,000 | 1.20% |
| Blue Ridge Bankshares, Inc. |
No change
1,127,414
|
$9,978,000 | 1.18% |
| Mountain Commerce Bancorp |
1.42%
573,095
|
$9,456,000 | 1.11% |
| Bank7 Corp |
No change
385,000
|
$9,444,000 | 1.11% |
| California BanCorp |
1.60%
609,709
|
$9,146,000 | 1.08% |
| Cnb Financial Corporation |
No change
497,188
|
$8,775,000 | 1.03% |
| Byline Bancorp Inc |
No change
480,544
|
$8,693,000 | 1.02% |
| Metropolitan Bank Holding Corp |
14.41%
232,664
|
$8,080,000 | 0.95% |
| Private Bancorp Of America, Inc. |
No change
297,097
|
$8,036,000 | 0.95% |
| Malvern Bancorp Inc |
2.23%
507,602
|
$7,995,000 | 0.94% |
| Banc of California Inc |
No change
677,412
|
$7,844,000 | 0.92% |
| Citizens Community Bancorp, Inc. |
No change
877,327
|
$7,764,000 | 0.91% |
| Third Coast Bancshares |
No change
487,654
|
$7,739,000 | 0.91% |
| Princeton Bancorp Inc |
No change
282,631
|
$7,721,000 | 0.91% |
| Sierra Bancorp |
No change
436,746
|
$7,412,000 | 0.87% |
| Business First Bancshares Inc. |
No change
478,003
|
$7,204,000 | 0.85% |
| Investar Holding Corp |
3.49%
592,699
|
$7,178,000 | 0.85% |
| Meridian Bank |
No change
728,688
|
$7,141,000 | 0.84% |
| Southern Bancshares (n.c.), Inc. |
2.11%
1,302
|
$7,031,000 | 0.83% |
| Bankwell Financial Group Inc |
1.81%
281,623
|
$6,866,000 | 0.81% |
| Fentura Financial, Inc. |
No change
348,149
|
$6,737,000 | 0.79% |
| Summit State Bank |
No change
439,395
|
$6,639,000 | 0.78% |
| Psb Holdings, Inc. |
No change
321,756
|
$6,548,000 | 0.77% |
| American Riviera Bancorp |
No change
401,196
|
$6,098,000 | 0.72% |
| Firstsun Capital Bancorp |
No change
237,396
|
$6,054,000 | 0.71% |
| Linkbancorp |
No change
1,004,000
|
$6,024,000 | 0.71% |
| First Northern Community Bancorp |
No change
859,651
|
$6,018,000 | 0.71% |
| Limestone Bancorp, Inc. |
Closed
264,104
|
$5,892,000 | |
| First Internet Bancorp |
0.68%
392,313
|
$5,826,000 | 0.69% |
| Southern California Bancorp |
11.17%
419,996
|
$5,762,000 | 0.68% |
| Enterprise Bancorp, Inc. |
18.68%
188,186
|
$5,446,000 | 0.64% |
| First Foundation Inc |
No change
1,353,054
|
$5,372,000 | 0.63% |
| Peoples Bancorp Inc. |
Opened
199,145
|
$5,287,000 | 0.62% |
| Heritage Commerce Corp. |
22.95%
632,083
|
$5,234,000 | 0.62% |
| Merchants Financial Group, Inc. |
8.20%
196,748
|
$5,115,000 | 0.60% |
| United Bancorporation Of Alabama, Inc. |
0.78%
122,699
|
$4,906,000 | 0.58% |
| Prime Meridian Holding Company |
No change
232,776
|
$4,891,000 | 0.58% |
| Origin Bancorp Inc |
No change
166,142
|
$4,868,000 | 0.57% |
| CapStar Financial Holdings Inc |
No change
391,881
|
$4,808,000 | 0.57% |
| Cambridge Bancorp |
No change
88,528
|
$4,808,000 | 0.57% |
| Bay Community Bancorp |
6.94%
592,316
|
$4,798,000 | 0.57% |
| Oak Valley Bancorp |
14.10%
185,837
|
$4,681,000 | 0.55% |
| Shore Bancshares Inc. |
No change
398,586
|
$4,608,000 | 0.54% |
| Veritex Holdings Inc |
2.80%
257,000
|
$4,608,000 | 0.54% |
| Pacwest Bancorp |
55.35%
564,497
|
$4,601,000 | 0.54% |
| River City Bank |
No change
21,617
|
$4,302,000 | 0.51% |
| South Atlantic Bancshares, Inc. |
No change
430,078
|
$4,301,000 | 0.51% |
| First Virginia Community Bank |
No change
382,921
|
$4,124,000 | 0.49% |
| Silvercrest Asset Management Group Inc |
No change
203,286
|
$4,117,000 | 0.48% |
| Hanover Bancorp Inc. |
0.90%
228,440
|
$4,037,000 | 0.48% |
| First Reliance Bancshares, Inc. |
5.84%
622,584
|
$3,966,000 | 0.47% |
| First Community Corp. |
19.40%
224,660
|
$3,900,000 | 0.46% |
| Dime Community Bancshares Inc |
No change
217,777
|
$3,839,000 | 0.45% |
| Traditions Bancorp, Inc. |
No change
222,235
|
$3,834,000 | 0.45% |
| First National Corporation |
No change
223,120
|
$3,688,000 | 0.43% |
| First Capital Bancshares, Inc. |
No change
428,396
|
$3,659,000 | 0.43% |
| Foresight Financial Group, Inc. |
No change
142,598
|
$3,571,000 | 0.42% |
| Oregon Pacific Bancorp |
No change
621,386
|
$3,542,000 | 0.42% |
| Pinnacle Bank |
5.24%
285,528
|
$3,392,000 | 0.40% |
| Equity Bancshares Inc |
No change
138,292
|
$3,150,000 | 0.37% |
| Southpoint Bancshares, Inc. |
No change
109,704
|
$3,127,000 | 0.37% |
| Coastalsouth Bancshares, Inc. |
No change
214,258
|
$3,075,000 | 0.36% |
| Community Heritage Financial Inc. |
No change
206,558
|
$3,026,000 | 0.36% |
| Northway Financial, Inc. |
3.72%
158,038
|
$3,001,000 | 0.35% |
| Blueharbor Bank |
No change
161,283
|
$2,943,000 | 0.35% |
| 1st Capital Bancorp |
18.07%
325,058
|
$2,893,000 | 0.34% |
| Five Star Bancorp |
No change
128,200
|
$2,868,000 | 0.34% |
| Uscb Financial Holdings Inc. |
No change
280,000
|
$2,856,000 | 0.34% |
| White River Bancshares Company |
No change
41,565
|
$2,847,000 | 0.34% |
| Commencement Bancorp, Inc. |
No change
278,560
|
$2,758,000 | 0.32% |
| Sterling Bancorp. |
No change
502,061
|
$2,746,000 | 0.32% |
| Grand River Commerce, Inc. |
No change
675,014
|
$2,676,000 | 0.32% |
| Coastal Carolina Bancshares, Inc. |
No change
296,992
|
$2,551,000 | 0.30% |
| 1st Colonial Bancorp |
No change
253,644
|
$2,488,000 | 0.29% |
| Mission Valley Bancorp |
2.08%
188,542
|
$2,376,000 | 0.28% |
| United Security Bankshares |
7.77%
346,563
|
$2,308,000 | 0.27% |
| Tri City Bankshares Corporation |
0.64%
171,041
|
$2,301,000 | 0.27% |
| Peoples Bancorp |
No change
11,434
|
$2,287,000 | 0.27% |
| Codorus Valley Bancorp, Inc. |
No change
113,186
|
$2,220,000 | 0.26% |
| Malaga Financial Corporation |
No change
98,385
|
$2,214,000 | 0.26% |
| First Bancshares, Inc. |
14.92%
82,361
|
$2,128,000 | 0.25% |
| Mchenry Bancorp, Inc. |
No change
60,000
|
$2,105,000 | 0.25% |
| MVB Financial Corp. |
4.47%
89,567
|
$1,888,000 | 0.22% |
| FB Financial Corp |
11.87%
67,089
|
$1,882,000 | 0.22% |
| WEX Inc |
No change
9,955
|
$1,813,000 | 0.21% |
| Bayfirst Financial Corp. |
No change
133,593
|
$1,804,000 | 0.21% |
| The Bancorp, Inc. |
No change
54,092
|
$1,766,000 | 0.21% |
| W.t.b. Financial Corporation |
14.53%
6,292
|
$1,749,000 | 0.21% |
| First Commonwealth |
44.90%
128,825
|
$1,630,000 | 0.19% |
| Seacoast Banking Corporation Of Florida |
Closed
67,668
|
$1,604,000 | |
| Pinnacle Bankshares Corporation |
17.97%
83,043
|
$1,578,000 | 0.19% |
| Bancorp 34 Inc |
No change
142,857
|
$1,571,000 | 0.19% |
| Chino Commercial Bancorp |
15.56%
130,127
|
$1,528,000 | 0.18% |
| Pacific West Bancorp |
No change
145,715
|
$1,527,000 | 0.18% |
| First Southern Bank |
No change
196,250
|
$1,493,000 | 0.18% |
| Bank Of Botetourt |
No change
49,824
|
$1,457,000 | 0.17% |
| Es Bancshares, Inc. |
No change
410,045
|
$1,456,000 | 0.17% |
| Cornerstone Financial Corporation |
No change
150,000
|
$1,380,000 | 0.16% |
| Eagle Financial Services Inc. |
5.55%
44,034
|
$1,343,000 | 0.16% |
| Qnb Corp. |
52.65%
57,737
|
$1,326,000 | 0.16% |
| Riverview Bancorp, Inc. |
No change
259,007
|
$1,305,000 | 0.15% |
| Cashmere Valley Bank |
36.65%
29,387
|
$1,264,000 | 0.15% |
| American National Bankshares Inc. |
No change
37,549
|
$1,088,000 | 0.13% |
| Cnb Corporation |
No change
14,348
|
$1,076,000 | 0.13% |
| Two Rivers Financial Group, Inc. |
Closed
26,044
|
$990,000 | |
| Bank of James Financial Group Inc |
27.80%
105,086
|
$956,000 | 0.11% |
| Oak Ridge Financial Services, Inc. |
No change
61,364
|
$921,000 | 0.11% |
| Republic First Bancorp, Inc. |
No change
1,003,081
|
$903,000 | 0.11% |
| Bcb Bancorp, Inc. |
No change
76,496
|
$898,000 | 0.11% |
| Studio Bank |
No change
74,074
|
$850,000 | 0.10% |
| i3 Verticals Inc |
No change
35,300
|
$807,000 | 0.10% |
| Franklin Financial Services Corp. |
61.90%
27,199
|
$755,000 | 0.09% |
| Virginia National Bankshares Corp. |
13.97%
23,039
|
$741,000 | 0.09% |
| Community Financial Corp |
No change
26,732
|
$724,000 | 0.09% |
| Summit Bank Group, Inc. |
No change
61,893
|
$718,000 | 0.08% |
| Community First Bancorporation |
No change
113,744
|
$717,000 | 0.08% |
| Capital Bancorp Inc |
No change
37,122
|
$672,000 | 0.08% |
| Potomac Bancshares, Inc. |
No change
41,492
|
$660,000 | 0.08% |
| Crystal Valley Financial |
33.93%
11,100
|
$655,000 | 0.08% |
| Village Bank And Trust Financial Corp. |
No change
14,838
|
$641,000 | 0.08% |
| Bridgewater Bancshares Inc |
No change
63,009
|
$621,000 | 0.07% |
| First Farmers And Merchants Corporation |
49.41%
20,992
|
$562,000 | 0.07% |
| Salisbury Bancorp, Inc. |
16.71%
22,793
|
$540,000 | 0.06% |
| Open Lending, LLC |
No change
34,220
|
$360,000 | 0.04% |
| Community Bancorp Of Santa Maria |
17.94%
36,600
|
$345,000 | 0.04% |
| Live Oak Bancshares Inc |
No change
12,750
|
$335,000 | 0.04% |
| Ncino, Inc. |
No change
9,260
|
$279,000 | 0.03% |
| Amb Financial Corp. |
No change
10,762
|
$228,000 | 0.03% |
| Shift4 Payments, Inc. |
No change
2,880
|
$196,000 | 0.02% |
| Inbankshares, Corp |
No change
16,643
|
$125,000 | 0.01% |
| Payoneer Global Inc |
No change
13,700
|
$66,000 | 0.01% |
| Lewis & Clark Bancorp |
Closed
729
|
$21,000 | |
| No transactions found | |||
| Showing first 500 out of 159 holdings | |||
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