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BFC
Banc Funds Company Portfolio holdings
AUM
$537M
1-Year Est. Return
17.34%
This Fund
S&P 500
This Quarter
Est. Return
-11.08%
1 Year Est. Return
+17.34%
3 Year Est. Return
+44.85%
5 Year Est. Return
+40%
10 Year Est. Return
+153.75%
AUM
$936M
AUM Growth
-$197M
(-17%)
Cap. Flow
-$31.5M
Cap. Flow
% of AUM
-3.36%
Top 10 Holdings %
Top 10 Hldgs %
21.89%
Holding
169
New
3
Increased
25
Reduced
45
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Commonwealth Financial
FCF
|
+$3.37M |
| 2 |
FVCBankcorp
FVCB
|
+$2.8M |
| 3 |
UBFO
United Security Bancshares
UBFO
|
+$2.13M |
| 4 |
Seacoast Banking Corp of Florida
SBCF
|
+$2.01M |
| 5 |
BCTF
Bancorp 34, Inc. Common Stock
BCTF
|
+$1.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LBAI
Lakeland Bancorp Inc
LBAI
|
+$9.04M |
| 2 |
HBT Financial
HBT
|
+$3.42M |
| 3 |
LMST
Limestone Bancorp, Inc. Common Stock
LMST
|
+$3.07M |
| 4 |
PFHD
Professional Holding Corp. Class A Common stock
PFHD
|
+$2.76M |
| 5 |
Byline Bancorp
BY
|
+$2.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 70.8% |
| 2 | Technology | 0.34% |
| 3 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Byline Bancorp
BY
$1.78B
| $10.4M | 1.11% |
480,544
-88,379
| -16% | -$2.06M |
|
|
FFWM
27
DELISTED
First Foundation Inc
FFWM
| $10.1M | 1.08% |
1,353,054
+52,083
| +4% | +$695K |
|
28
CNB Financial Corp
CCNE
$1.04B
| $9.55M | 1.02% |
497,188
| – | – |
|
29
Bank7 Corp
BSVN
$479M
| $9.45M | 1.01% |
385,000
| – | – |
|
30
Alerus Financial
ALRS
$831M
| $9.36M | 1% |
583,022
| – | – |
|
31
Citizens Community Bancorp
CZWI
$212M
| $9.31M | 0.99% |
877,327
+1,996
| +0.2% | +$24K |
|
32
Meridian
MRBK
$234M
| $9.18M | 0.98% |
728,688
| – | – |
|
33
Princeton Bancorp
BPRN
$281M
| $8.96M | 0.96% |
282,631
| – | – |
|
34
Banc of California
BANC
$3.03B
| $8.49M | 0.91% |
677,412
| – | – |
|
35
Business First Bancshares
BFST
$1.04B
| $8.19M | 0.87% |
478,003
| – | – |
|
36
Investar Holding Corp
ISTR
$415M
| $8M | 0.85% |
572,699
| – | – |
|
37
Third Coast Bancshares
TCBX
$729M
| $7.66M | 0.82% |
487,654
+3,789
| +0.8% | +$67.9K |
|
|
MLVF
38
DELISTED
Malvern Bancorp, Inc.
MLVF
| $7.55M | 0.81% |
496,512
+65,000
| +15% | +$1.12M |
|
39
Sierra Bancorp
BSRR
$528M
| $7.52M | 0.8% |
436,746
+10,268
| +2% | +$206K |
|
|
EBTC
40
DELISTED
Enterprise Bancorp
EBTC
| $7.28M | 0.78% |
231,408
-43,368
| -16% | -$1.5M |
|
41
Metropolitan Bank Holding Corp
MCB
$1.15B
| $6.89M | 0.74% |
203,364
+4,000
| +2% | +$208K |
|
42
Bankwell Financial Group
BWFG
$543M
| $6.88M | 0.73% |
276,623
| – | – |
|
|
LNKB
43
DELISTED
LINKBANCORP
LNKB
| $6.59M | 0.7% |
1,004,000
| – | – |
|
44
First Internet Bancorp
INBK
$257M
| $6.49M | 0.69% |
389,667
| – | – |
|
|
FNRN
45
First Northern Community Bancorp
FNRN
$302M
| $6.35M | 0.68% |
995,153
-6,444
| -0.6% | -$41.1K |
|
46
Summit State Bank
SSBI
$83.8M
| $6.09M | 0.65% |
439,395
+12,024
| +3% | +$186K |
|
|
CSTR
47
DELISTED
CapStar Financial Holdings, Inc
CSTR
| $5.94M | 0.63% |
391,881
+98,800
| +34% | +$1.65M |
|
|
LMST
48
DELISTED
Limestone Bancorp, Inc. Common Stock
LMST
| $5.89M | 0.63% |
264,104
-121,574
| -32% | -$3.07M |
|
|
CATC
49
DELISTED
CAMBRIDGE BANCORP
CATC
| $5.74M | 0.61% |
88,528
| – | – |
|
50
Shore Bancshares
SHBI
$819M
| $5.69M | 0.61% |
398,586
| – | – |
|
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Banc Funds Company's Q1 2023 Portfolio in Review
As of Q1 2023, Banc Funds Company held 169 positions worth $936M, down 17% from $1.13B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Banc Funds Company withdrew a net $31.5M in Q1 2023, closing 11 positions and reducing 45 holdings. Its most notable exit was Professional Holding Corp. Class A Common stock, an estimated $2.76M position sold in full.
By sector, the portfolio is most concentrated in Financials at 71% of assets, down from 72% a quarter earlier, followed by Technology and Industrials.
Against the trend, Banc Funds Company opened a new position in First Commonwealth Financial worth $2.91M.
- Banc Funds Company's largest Q1 2023 buy was First Commonwealth Financial: 233,808 shares worth $2.91M.
- Banc Funds Company added most to FVCBankcorp in Q1 2023, an estimated $2.8M increase.
- Banc Funds Company's biggest Q1 2023 reduction was Lakeland Bancorp Inc, cutting an estimated $9.04M.
- Banc Funds Company fully exited Professional Holding Corp. Class A Common stock in Q1 2023, selling an estimated $2.76M.
- Banc Funds Company's ten largest holdings make up 22% of its $936M portfolio in Q1 2023.
- Banc Funds Company opened 3 new positions and closed 11 in Q1 2023.
- Banc Funds Company's portfolio value fell 17% quarter-over-quarter to $936M.
Based on Banc Funds Company's 13F filing for Q1 2023, filed 12 May 2023.