[SCHEDULE 13G/A] Avidbank Holdings, Inc. Amended Passive Investment Disclosure
Banc Fund X reveals 5.5% Avidbank stake
Avidbank Holdings, Inc. (AVBH) received an amended institutional ownership filing showing that investment manager The Banc Funds Company, L.L.C. and related entities report beneficial ownership of Avidbank common stock.
Avidbank Holdings, Inc. (AVBH) received an amended institutional ownership filing showing that investment manager The Banc Funds Company, L.L.C. and related entities report beneficial ownership of Avidbank common stock.
The filing discloses that Banc Fund X L.P. beneficially owns 596,430 shares of common stock, representing 5.5% of the outstanding class. Banc Fund X has sole power to vote and dispose of these 596,430 shares, with no shared voting or dispositive power reported.
Related entities Banc Fund IX L.P., TBFC Financial Technologies Fund L.P., and BANC FUNDS CO LLC each report 0 shares and 0% of the class. The structure description explains that The Banc Funds Company, L.L.C. is the general partner or controlling member over the fund entities, with Charles J. Moore as principal shareholder and manager. The certifying party states that the securities were not acquired and are not held for the purpose of changing or influencing control of Avidbank, other than in connection with director nomination activities referenced under applicable SEC rules.
Positive
None.
Negative
None.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in Avidbank Holdings (AVBH) is reported in this Schedule 13G/A?
The filing reports that Banc Fund X L.P. beneficially owns 596,430 shares of Avidbank common stock, representing 5.5% of the outstanding class. This positions the fund as a significant institutional shareholder with a disclosed stake above the 5% reporting threshold.
Which entity is the primary reporting person for Avidbank Holdings (AVBH) in this Schedule 13G/A?
The primary reporting person is The Banc Funds Company, L.L.C., doing business as 1st and Main Growth Partners. It files on behalf of its affiliated limited partnerships, including Banc Fund X L.P., which holds the 596,430 Avidbank shares reported in the ownership section.
Do any other Banc Funds entities besides Banc Fund X L.P. currently own Avidbank (AVBH) shares?
No. Banc Fund IX L.P., TBFC Financial Technologies Fund L.P., and BANC FUNDS CO LLC each report beneficial ownership of 0 shares and 0% of Avidbank’s common stock. Only Banc Fund X L.P. reports a current position, with 596,430 shares disclosed as beneficially owned.
What voting and dispositive powers are reported over Avidbank (AVBH) shares in this filing?
Banc Fund X L.P. reports sole power to vote and sole power to dispose of 596,430 Avidbank common shares. The filing shows no shared voting power and no shared dispositive power, indicating control over how this 5.5% stake is voted and potentially sold.
What does the Schedule 13G/A say about control intentions regarding Avidbank Holdings (AVBH)?
The certifying statement affirms the securities were not acquired and are not held to change or influence control of Avidbank. It also notes they were not acquired as part of any control-related transaction, other than activities solely connected with a nomination under the specified SEC proxy rule.
How is The Banc Funds Company, L.L.C. structurally related to the Avidbank (AVBH) holding funds?
The filing explains that The Banc Funds Company, L.L.C. is the general partner of MidBan entities, which are general partners of the limited partnerships holding Avidbank shares. Charles J. Moore, as principal shareholder and manager, exercises voting and dispositive power through this layered general partner structure.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Avidbank Holdings, Inc.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
05368J103
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
05368J103
1
Names of Reporting Persons
Banc Fund IX L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
05368J103
1
Names of Reporting Persons
Banc Fund X L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
596,430.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
596,430.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
596,430.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
05368J103
1
Names of Reporting Persons
TBFC Financial Technologies Fund L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
05368J103
1
Names of Reporting Persons
BANC FUNDS CO LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ILLINOIS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: BANC FUNDS CO LLC is the Filer.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Avidbank Holdings, Inc.
(b)
Address of issuer's principal executive offices:
1732 N. 1ST STREET, 6TH FLOOR SAN JOSE CA 95112
Item 2.
(a)
Name of person filing:
The Banc Funds Company, L.L.C. d/b/a 1st and Main Growth Partners
(b)
Address or principal business office or, if none, residence:
150 S. Wacker Drive, Suite 2725, Chicago, IL 60606
(c)
Citizenship:
United States
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP No.:
05368J103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
596430
(b)
Percent of class:
5.5 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
596430
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
596430
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
This Schedule 13G is being filed jointly by Banc Fund IX L.P. ("BF IX"), an Illinois Limited Partnership, Banc Fund X L.P. ("BF X"), an Illinois Limited Partnership, and TBFC Financial
Technologies Fund L.P. (collectively, the "Reporting Persons"). The general partner of BF IX is MidBan IX L.P. ("MidBan IX"), whose principal business is to be a general partner of BF IX.
The general partner of BF X is MidBan X L.P. ("MidBan X"), whose principal business is to be a general partner of BF X. The general partner of TBFC Financial Technologies Fund L.P. is
MidBan XI L.P. ("MidBan XI"), whose principal business is to be a general partner of TBFC Financial Technologies Fund L.P. The general partner of MidBan IX, MidBan X, and MidBan XI
is The Banc Funds Company, L.L.C., ("TBFC"), whose principal business is to be a general partner of MidBan IX, MidBan X, and MidBan XI. TBFC is an Illinois corporation whose principal
shareholder is Charles J. Moore. Mr. Moore has been the manager of BF IX, BF X and TBFC Financial Technologies Fund L.P., since their respective inceptions. As manager, Mr. Moore has
voting and dispositive power over the securities of the issuer held by each of those entities. As the controlling member of TBFC, Mr. Moore will control TBFC, and therefore each of the
Partnership entities directly and indirectly controlled by TBFC.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
