Castine Capital Management’s Merchants Bancorp MBIN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2018 Q4	–	Sell	-266,237	Closed	-$4.51M	–	44
2018 Q3	$4.51M	Sell	266,237 -24,466	-8%	-$415K	1.34%	34
2018 Q2	$5.53M	Sell	290,703 -314,510	-52%	-$5.98M	1.72%	30
2018 Q1	$8.67M	Buy	605,213 +18,662	+3%	+$267K	2.82%	18
2017 Q4	$7.7M	Buy	+586,551	New	+$7.7M	2.62%	20