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CCM
Castine Capital Management Portfolio holdings
AUM
$129M
1-Year Est. Return
23.45%
This Fund
S&P 500
This Quarter
Est. Return
+16.43%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$129M
AUM Growth
-$53.5M
(-29%)
Cap. Flow
-$73.4M
Cap. Flow
% of AUM
-56.74%
Top 10 Holdings %
Top 10 Hldgs %
66.85%
Holding
37
New
1
Increased
–
Reduced
18
Closed
18
Top Buys
| 1 |
First Bancorp
FBP
|
+$7.05M |
Top Sells
| 1 |
OPB
Opus Bank Common Stock
OPB
|
+$6.82M |
| 2 |
STL
Sterling Bancorp
STL
|
+$6.68M |
| 3 |
Citizens Financial Group
CFG
|
+$5.35M |
| 4 |
Ameris Bancorp
ABCB
|
+$5.29M |
| 5 |
Western Alliance Bancorporation
WAL
|
+$4.59M |
Sector Composition
| 1 | Financials | 94.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Citizens Financial Group
CFG
$30.6B
| $11.7M | 9.05% |
464,103
-235,897
| -34% | -$5.35M |
|
2
QCR Holdings
QCRH
$1.63B
| $9.68M | 7.48% |
310,592
-103,783
| -25% | -$2.99M |
|
|
STL
3
DELISTED
Sterling Bancorp
STL
| $9.25M | 7.15% |
789,000
-584,262
| -43% | -$6.68M |
|
|
4
Ameris Bancorp
ABCB
$6.21B
| $9.11M | 7.04% |
386,148
-225,410
| -37% | -$5.29M |
|
5
Center Bancorp
CNOB
$1.68B
| $8.98M | 6.94% |
556,861
-249,692
| -31% | -$3.56M |
|
|
TCF
6
DELISTED
TCF Financial Corporation Common Stock
TCF
| $8.94M | 6.91% |
303,733
-37,567
| -11% | -$1.04M |
|
|
ESXB
7
DELISTED
Community Bankers Trust Corporation
ESXB
| $7.58M | 5.86% |
1,378,593
-678,393
| -33% | -$3.54M |
|
8
Northeast Bank
NBN
$1.13B
| $7.4M | 5.72% |
421,708
-230,729
| -35% | -$3.5M |
|
|
9
First Bancorp
FBP
$4.24B
| $7.27M | 5.62% |
+1,301,240
| New | +$7.05M |
|
10
Kearny Financial
KRNY
$598M
| $6.57M | 5.07% |
802,599
-51,225
| -6% | -$429K |
|
11
Banc of California
BANC
$3.27B
| $6.53M | 5.05% |
603,168
-90,019
| -13% | -$905K |
|
12
Hilltop Holdings
HTH
$2.26B
| $6.2M | 4.79% |
335,996
-43,365
| -11% | -$745K |
|
|
HMNF
13
DELISTED
HMN Financial Inc
HMNF
| $5.43M | 4.2% |
371,891
-21,259
| -5% | -$324K |
|
|
FBMS
14
DELISTED
The First Bancshares, Inc.
FBMS
| $5.08M | 3.93% |
225,931
-28,321
| -11% | -$575K |
|
15
Civista Bancshares
CIVB
$593M
| $5.02M | 3.88% |
326,155
-39,767
| -11% | -$578K |
|
|
CALB
16
DELISTED
California BanCorp Common Stock
CALB
| $4.11M | 3.18% |
275,980
-241,097
| -47% | -$3.5M |
|
17
Southern First Bancshares
SFST
$588M
| $3.86M | 2.98% |
139,215
-60,793
| -30% | -$1.65M |
|
|
HONE
18
DELISTED
HarborOne Bancorp
HONE
| $3.4M | 2.63% |
398,561
-186,906
| -32% | -$1.5M |
|
19
First Bancorp
FBNC
$2.67B
| $3.26M | 2.52% |
129,921
-33,099
| -20% | -$797K |
|
20
Eagle Bancorp Montana
EBMT
$185M
| – | – |
-126,238
| Closed | -$2.05M |
|
21
First Mid Bancshares
FMBH
$1.31B
| – | – |
-116,624
| Closed | -$2.77M |
|
22
First Seacoast Bancorp
FSEA
$79.2M
| – | – |
-144,905
| Closed | -$1.05M |
|
23
HBT Financial
HBT
$1.19B
| – | – |
-189,418
| Closed | -$1.99M |
|
24
Old Second Bancorp
OSBC
$1.22B
| – | – |
-482,556
| Closed | -$3.33M |
|
25
Provident Financial
PROV
$108M
| – | – |
-58,802
| Closed | -$896K |
|
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Castine Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Castine Capital Management held 37 positions worth $129M, down 29% from $183M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Castine Capital Management withdrew a net $73.4M in Q2 2020, closing 18 positions and reducing 18 holdings. Its most notable exit was Opus Bank Common Stock, an estimated $6.82M position sold in full.
By sector, the portfolio is most concentrated in Financials at 94% of assets, down from 95% a quarter earlier.
Against the trend, Castine Capital Management opened a new position in First Bancorp worth $7.27M.
- Castine Capital Management's largest Q2 2020 buy was First Bancorp: 1,301,240 shares worth $7.27M.
- Castine Capital Management's biggest Q2 2020 reduction was Sterling Bancorp, cutting an estimated $6.68M.
- Castine Capital Management fully exited Opus Bank Common Stock in Q2 2020, selling an estimated $6.82M.
- Castine Capital Management's ten largest holdings make up 67% of its $129M portfolio in Q2 2020.
- Castine Capital Management opened 1 new position and closed 18 in Q2 2020.
- Castine Capital Management's portfolio value fell 29% quarter-over-quarter to $129M.
Based on Castine Capital Management's 13F filing for Q2 2020, filed 13 Aug 2020.