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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
+8.49%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$209M
AUM Growth
+$1.92M
Cap. Flow
-$12.1M
Cap. Flow %
-5.77%
Top 10 Hldgs %
42.09%
Holding
52
New
5
Increased
5
Reduced
18
Closed
6

Top Buys

Rank Stock Value
1
USB icon
US Bancorp
USB
+$5.55M
2
STSA
STERLING FINL CORP (WA) COM NEW
STSA
+$2.65M
3
WD icon
Walker & Dunlop
WD
+$2.54M
4
CSE
CAPITALSOURCE INC
CSE
+$2.47M
5
IBCP icon
Independent Bank Corp
IBCP
+$2.41M

Top Sells

Rank Stock Value
1
OFG icon
OFG Bancorp
OFG
+$6.38M
2
FNBC
First NBC Bank Holding Company
FNBC
+$3.05M
3
METR
METRO BANCORP, INC COMMON STOCK
METR
+$2.59M
4
WLFC icon
Willis Lease Finance
WLFC
+$2.2M
5
SIFI
SI Financial Group, Inc. NEW MD
SIFI
+$1.86M

Sector Composition

Rank Sector Weight
1 Financials 61.61%
2 Miscellaneous 34.48%
3 Technology 2.22%
4 Industrials 1.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WLFC icon
26
Willis Lease Finance
WLFC
$1.13B
$3.54M 1.69%
674,700
-455,904
-40% -$2.2M
PFC
27
DELISTED
Premier Financial Corp. Common Stock
PFC
$3.25M 1.55%
277,622
+9,400
+4% +$122K
HTB
28
HomeTrust Bancshares
HTB
$776M
$3.11M 1.49%
188,266
– –
PEOP
29
DELISTED
PEOPLES FED BANCSHARES INC COM STK (MD)
PEOP
$3.1M 1.48%
177,700
– –
STSA
30
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
$2.87M 1.37%
+100,000
New +$2.65M
HBOS
31
DELISTED
HERITAGE FINANCIAL GROUP
HBOS
$2.86M 1.37%
164,000
-29,036
-15% -$515K
IBCP icon
32
Independent Bank Corp
IBCP
$818M
$2.85M 1.36%
+285,000
New +$2.41M
HFBL icon
33
Home Federal Bancorp
HFBL
$77.3M
$2.73M 1.31%
322,136
– –
CHEV
34
DELISTED
CHEVIOT FINL CORP
CHEV
$2.71M 1.3%
249,700
– –
EGBN icon
35
Eagle Bancorp
EGBN
$840M
$2.68M 1.28%
94,700
-43,265
-31% -$1.11M
LPSB
36
DELISTED
LAPORTE BANCORP INC MD COM STK
LPSB
$2.62M 1.25%
250,000
– –
CBNJ
37
DELISTED
CAPE BANCORP, INC COM
CBNJ
$2.62M 1.25%
285,401
– –
CSE
38
DELISTED
CAPITALSOURCE INC
CSE
$2.59M 1.24%
+217,895
New +$2.47M
FISI icon
39
Financial Institutions
FISI
$807M
$2.4M 1.15%
117,252
+9,800
+9% +$200K
MBVT
40
DELISTED
Merchants Bancshares Inc
MBVT
$2.38M 1.14%
82,350
– –
UBNK
41
DELISTED
UNITIED FINANCIAL BANCORP INC
UBNK
$2.09M 1%
129,027
– –
WBB
42
DELISTED
Westbury Bancorp, Inc.
WBB
$2.06M 0.99%
145,000
– –
CNOB
43
DELISTED
CONNECTONE BANCORP INC
CNOB
$1.75M 0.84%
50,000
– –
BKMU
44
DELISTED
Bank Mutual Corp
BKMU
$1.62M 0.78%
258,552
– –
GLBZ
45
DELISTED
Glen Burnie Bancorp
GLBZ
$1.38M 0.66%
115,337
+19,351
+20% +$237K
PACW
46
DELISTED
PacWest Bancorp
PACW
$1.37M 0.66%
+40,000
New +$1.36M
FIBK icon
47
First Interstate BancSystem
FIBK
$3.53B
– –
-34,604
Closed -$717K
NFBK
48
DELISTED
Northfield Bancorp
NFBK
– –
-150,000
Closed -$1.76M
OFG icon
49
OFG Bancorp
OFG
$2.22B
– –
-352,301
Closed -$6.38M
MCBC
50
DELISTED
Macatawa Bank Corp
MCBC
– –
-260,150
Closed -$1.31M
1
2
3

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Castine Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Castine Capital Management held 52 positions worth $209M, up 0.93% from $207M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Castine Capital Management withdrew a net $12.1M in Q3 2013, closing 6 positions and reducing 18 holdings. Its most notable exit was OFG Bancorp, an estimated $6.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 62% of assets, down from 62% a quarter earlier, followed by Miscellaneous and Technology.

Against the trend, Castine Capital Management opened a new position in US Bancorp worth $5.49M.

  • Castine Capital Management's largest Q3 2013 buy was US Bancorp: 150,000 shares worth $5.49M.
  • Castine Capital Management added most to Walker & Dunlop in Q3 2013, an estimated $2.54M increase.
  • Castine Capital Management's biggest Q3 2013 reduction was METRO BANCORP, INC COMMON STOCK, cutting an estimated $2.59M.
  • Castine Capital Management fully exited OFG Bancorp in Q3 2013, selling an estimated $6.38M.
  • Castine Capital Management's ten largest holdings make up 42% of its $209M portfolio in Q3 2013.
  • Castine Capital Management opened 5 new positions and closed 6 in Q3 2013.
  • Castine Capital Management's portfolio value rose 0.93% quarter-over-quarter to $209M.

Based on Castine Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.