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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
+6.61%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$235M
AUM Growth
-$921K
Cap. Flow
-$16M
Cap. Flow %
-6.81%
Top 10 Hldgs %
40.2%
Holding
52
New
5
Increased
8
Reduced
12
Closed
6

Top Buys

Rank Stock Value
1
TLMR
TALMER BANCORP INC (MI)
TLMR
+$4.82M
2
CHMI
Cherry Hill Mortgage Investment Corp
CHMI
+$3.79M
3
CWAY
Coastway Bancorp, Inc.
CWAY
+$2.8M
4
WBB
Westbury Bancorp, Inc.
WBB
+$2.56M
5
PACW
PacWest Bancorp
PACW
+$1.69M

Top Sells

Rank Stock Value
1
NOVB
NORTH VALLEY BANCORP-COM
NOVB
+$8.54M
2
STL
Sterling Bancorp
STL
+$6.58M
3
STSA
STERLING FINL CORP (WA) COM NEW
STSA
+$3.41M
4
SMPL
SIMPLICITY BANCORP INC
SMPL
+$2.74M
5
UBNK
UNITIED FINANCIAL BANCORP INC
UBNK
+$2.44M

Sector Composition

Rank Sector Weight
1 Financials 60.51%
2 Miscellaneous 28.71%
3 Real Estate 7.13%
4 Technology 2.27%
5 Industrials 1.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PEOP
26
DELISTED
PEOPLES FED BANCSHARES INC COM STK (MD)
PEOP
$4.12M 1.75%
230,000
– –
NBN icon
27
Northeast Bank
NBN
$1.11B
$4.08M 1.74%
436,409
– –
PACW
28
DELISTED
PacWest Bancorp
PACW
$3.87M 1.65%
90,000
+40,000
+80% +$1.69M
CHMI
29
Cherry Hill Mortgage Investment Corp
CHMI
$108M
$3.85M 1.64%
+205,377
New +$3.79M
LPSB
30
DELISTED
LAPORTE BANCORP INC MD COM STK
LPSB
$3.85M 1.64%
357,541
+107,541
+43% +$1.17M
IBCP icon
31
Independent Bank Corp
IBCP
$818M
$3.59M 1.53%
276,400
-8,600
-3% -$112K
WLFC icon
32
Willis Lease Finance
WLFC
$1.13B
$3.24M 1.38%
474,540
-46,260
-9% -$281K
HBOS
33
DELISTED
HERITAGE FINANCIAL GROUP
HBOS
$3.22M 1.37%
164,000
– –
CSE
34
DELISTED
CAPITALSOURCE INC
CSE
$3.18M 1.35%
217,895
– –
MBVT
35
DELISTED
Merchants Bancshares Inc
MBVT
$3.06M 1.3%
93,713
+11,363
+14% +$365K
HTB
36
HomeTrust Bancshares
HTB
$776M
$2.97M 1.26%
188,266
– –
CNBKA
37
DELISTED
Century Bancorp Inc/Mass
CNBKA
$2.88M 1.22%
84,292
-25,522
-23% -$880K
CWAY
38
DELISTED
Coastway Bancorp, Inc.
CWAY
$2.78M 1.18%
+270,000
New +$2.8M
FISI icon
39
Financial Institutions
FISI
$807M
$2.7M 1.15%
117,252
– –
CHEV
40
DELISTED
CHEVIOT FINL CORP
CHEV
$2.66M 1.13%
257,174
+7,474
+3% +$77.6K
CNOB
41
DELISTED
CONNECTONE BANCORP INC
CNOB
$2.45M 1.04%
50,000
– –
HFBL icon
42
Home Federal Bancorp
HFBL
$77.3M
$1.53M 0.65%
172,136
– –
GLBZ
43
DELISTED
Glen Burnie Bancorp
GLBZ
$1.51M 0.64%
126,937
– –
PEBO icon
44
Peoples Bancorp
PEBO
$1.43B
$1.24M 0.53%
+50,000
New +$1.17M
BNCN
45
DELISTED
BNC Bancorp
BNCN
$384K 0.16%
+22,158
New +$383K
NVSL
46
DELISTED
NAUGATUCK VALLEY FINANCIAL CORP
NVSL
$234K 0.1%
31,037
+6,801
+28% +$49.1K
FFIC
47
DELISTED
Flushing Financial
FFIC
– –
-113,700
Closed -$2.35M
HBCP icon
48
Home Bancorp
HBCP
$547M
– –
-16,590
Closed -$313K
BKMU
49
DELISTED
Bank Mutual Corp
BKMU
– –
-303,786
Closed -$2.13M
STSA
50
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
– –
-100,000
Closed -$3.41M
1
2
3

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Castine Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Castine Capital Management held 52 positions worth $235M, down 0.39% from $236M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Castine Capital Management withdrew a net $16M in Q1 2014, closing 6 positions and reducing 12 holdings. Its most notable exit was Sterling Bancorp, an estimated $6.58M position sold in full.

By sector, the portfolio is most concentrated in Financials at 61% of assets, up from 59% a quarter earlier, followed by Miscellaneous and Real Estate.

Against the trend, Castine Capital Management opened a new position in TALMER BANCORP INC (MI) worth $5.12M.

  • Castine Capital Management's largest Q1 2014 buy was TALMER BANCORP INC (MI): 350,000 shares worth $5.12M.
  • Castine Capital Management added most to Westbury Bancorp, Inc. in Q1 2014, an estimated $2.56M increase.
  • Castine Capital Management's biggest Q1 2014 reduction was NORTH VALLEY BANCORP-COM, cutting an estimated $8.54M.
  • Castine Capital Management fully exited Sterling Bancorp in Q1 2014, selling an estimated $6.58M.
  • Castine Capital Management's ten largest holdings make up 40% of its $235M portfolio in Q1 2014.
  • Castine Capital Management opened 5 new positions and closed 6 in Q1 2014.
  • Castine Capital Management's portfolio value fell 0.39% quarter-over-quarter to $235M.

Based on Castine Capital Management's 13F filing for Q1 2014, filed 15 May 2014.