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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
Cap. Flow
-$31.5M
Cap. Flow %
-3.36%
Top 10 Hldgs %
21.89%
Holding
169
New
3
Increased
25
Reduced
45
Closed
11

Top Buys

Rank Stock Value
1
FCF icon
First Commonwealth Financial
FCF
+$3.37M
2
FVCB icon
FVCBankcorp
FVCB
+$2.8M
3
UBFO
United Security Bancshares
UBFO
+$2.13M
4
SBCF icon
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 icon
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
BY icon
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
OSBC icon
1
Old Second Bancorp
OSBC
$1.24B
$28.8M 3.08%
2,051,310
– –
UNTY icon
2
Unity Bancorp
UNTY
$583M
$22.6M 2.42%
991,614
+40,647
+4% +$1.04M
PGC icon
3
Peapack-Gladstone Financial
PGC
$822M
$21.7M 2.32%
731,999
– –
OBT icon
4
Orange County Bancorp
OBT
$505M
$21.1M 2.25%
958,612
-17,526
-2% -$437K
TFIN icon
5
Triumph Financial Inc
TFIN
$1.84B
$19.2M 2.06%
331,418
– –
CFB
6
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
$16.9M 1.8%
1,610,289
+20,000
+1% +$256K
HBT icon
7
HBT Financial
HBT
$1.21B
$15.7M 1.68%
797,974
-163,520
-17% -$3.42M
FRST icon
8
Primis Financial Corp
FRST
$382M
$15.7M 1.68%
1,628,521
– –
MBWM icon
9
Mercantile Bank Corp
MBWM
$1.01B
$15.1M 1.61%
493,158
– –
MYFW icon
10
First Western Financial
MYFW
$311M
$14.4M 1.54%
728,386
– –
LBAI
11
DELISTED
Lakeland Bancorp Inc
LBAI
$14.2M 1.52%
910,827
-497,365
-35% -$9.04M
MNSB icon
12
MainStreet Bancshares
MNSB
$167M
$14.2M 1.52%
606,371
-5,001
-0.8% -$137K
FBIZ icon
13
First Business Financial Services
FBIZ
$562M
$14M 1.49%
458,694
– –
SMBK icon
14
SmartFinancial
SMBK
$855M
$13.6M 1.45%
587,648
-12,000
-2% -$313K
MBIN icon
15
Merchants Bancorp
MBIN
$2.19B
$13.3M 1.42%
509,700
+6,400
+1% +$177K
FRBA icon
16
First Bank
FRBA
$451M
$13.2M 1.41%
1,303,721
+20,000
+2% +$258K
TCBI icon
17
Texas Capital Bancshares
TCBI
$4.31B
$12M 1.28%
244,405
– –
AVBH
18
Avidbank Holdings
AVBH
$349M
$11.8M 1.26%
695,697
+30,000
+5% +$510K
MPB icon
19
Mid Penn Bancorp
MPB
$942M
$11.8M 1.26%
459,827
– –
CALB
20
DELISTED
California BanCorp Common Stock
CALB
$11.7M 1.25%
600,086
-24,415
-4% -$576K
SFST icon
21
Southern First Bancshares
SFST
$582M
$11.6M 1.24%
378,573
-48,580
-11% -$1.91M
BRBS icon
22
Blue Ridge Bankshares
BRBS
$311M
$11.5M 1.23%
1,127,414
– –
SSBK
23
DELISTED
Southern States Bancshares
SSBK
$11.4M 1.22%
506,022
– –
CBAN icon
24
Colony Bankcorp
CBAN
$462M
$11.3M 1.2%
1,105,072
– –
CNOB icon
25
Center Bancorp
CNOB
$1.63B
$11M 1.17%
622,006
– –
1
2 3 4 5

Similar funds

HS
Hazelview Securities Toronto, Ontario, Canada $537M AUM 8.62% 1-Year Est. Return
GC
Gibson Capital Wexford, Pennsylvania $537M AUM 14.43% 1-Year Est. Return
TCOT
Trust Company of Tennessee Knoxville, Tennessee $537M AUM 13.53% 1-Year Est. Return
MG
Magnolia Group Omaha, Nebraska $538M AUM 5.13% 1-Year Est. Return
CC
Cadinha & Co Honolulu, Hawaii $537M AUM 33.07% 1-Year Est. Return
RCM
Requisite Capital Management Dallas, Texas $537M AUM 12.29% 1-Year Est. Return
CDR
Clayton Dubilier & Rice New York $536M AUM 0.63% 1-Year Est. Return
AFIA
America First Investment Advisors Omaha, Nebraska $536M AUM 12.62% 1-Year Est. Return

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.