Banc Funds Co. LLC
Banc Funds Co LLC is a private investment management firm headquartered in Chicago, Illinois. Established to serve institutional and high net worth clients, Banc Funds specializes in managing funds that invest primarily in U.S. community banks and other financial services companies. The firm was founded by Charles J. Moore, who has served as its principal executive and investment manager, and oversees several related funds and partnerships focused on the financial sector. The employee count is typically under 20, reflecting the firm's boutique, specialized approach.
Investment Strategy
Banc Funds Co LLC focuses its investment strategy on identifying undervalued banking and financial services companies, particularly community banks throughout the United States. The firm uses deep fundamental analysis and a value-oriented approach, seeking to invest in banks and thrifts with strong management and growth potential. Banc Funds often participates as a significant shareholder and sometimes as an activist investor, engaging with management teams to unlock value and improve governance. Their approach is long-term and often involves private placements and other less liquid investments to capitalize on market inefficiencies among smaller financial institutions.
Top Holdings
Equity Positions (78)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
U UNTY | Unity Bancorp, Inc. | 3.73% | $24.7M | 524,218 | $16.09 | $47.08 | +$59.0K |
O OSBC | Old Second Bancorp, Inc. | 3.10% | $20.5M | 1,157,378 | $8.87 | $17.74 | -$843.5K |
B BCAL | California BanCorp. | 2.37% | $15.7M | 993,400 | $13.91 | $15.76 | -$1.3M |
F FRBA | First Bank | 2.32% | $15.3M | 991,249 | $10.13 | $15.47 | -$2.5M |
F FRST | Primis Financial Corporation | 2.25% | $14.9M | 1,369,088 | $14.10 | $10.85 | -$790.7K |