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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
-1.12%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$220M
AUM Growth
-$17.5M
Cap. Flow
-$12.5M
Cap. Flow %
-5.65%
Top 10 Hldgs %
36.2%
Holding
52
New
5
Increased
9
Reduced
29
Closed
5

Top Buys

Rank Stock Value
1
CFG icon
Citizens Financial Group
CFG
+$6.39M
2
FFWM
First Foundation Inc
FFWM
+$3.57M
3
PVBC
Provident Bancorp
PVBC
+$3.08M
4
IBCP icon
Independent Bank Corp
IBCP
+$1.95M
5
ESXB
Community Bankers Trust Corporation
ESXB
+$1.79M

Top Sells

Rank Stock Value
1
METR
METRO BANCORP, INC COMMON STOCK
METR
+$7.84M
2
ABCB icon
Ameris Bancorp
ABCB
+$5.51M
3
COB
CommunityOne Bancorp
COB
+$2.33M
4
IBTX
Independent Bank Group, Inc.
IBTX
+$2.01M
5
TSC
TriState Capital Holdings, Inc.
TSC
+$1.27M

Sector Composition

Rank Sector Weight
1 Financials 80.28%
2 Miscellaneous 12.24%
3 Real Estate 4.72%
4 Technology 2.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ESXB
26
DELISTED
Community Bankers Trust Corporation
ESXB
$4.11M 1.86%
819,705
+354,732
+76% +$1.79M
CHMI
27
Cherry Hill Mortgage Investment Corp
CHMI
$108M
$4.05M 1.84%
265,937
-4,063
-2% -$66.1K
DBRG icon
28
DigitalBridge
DBRG
$2.99B
$4.01M 1.82%
69,880
-5,120
-7% -$359K
FFWM
29
DELISTED
First Foundation Inc
FFWM
$3.78M 1.72%
+332,276
New +$3.57M
PEBO icon
30
Peoples Bancorp
PEBO
$1.43B
$3.71M 1.68%
178,403
-13,720
-7% -$300K
IBCP icon
31
Independent Bank Corp
IBCP
$818M
$3.48M 1.58%
235,586
+138,651
+143% +$1.95M
SQBK
32
DELISTED
SQUARE 1 FINANCIAL INC COM
SQBK
$3.47M 1.57%
135,000
– –
CMA.WS
33
DELISTED
Comerica Incorporated Ws
CMA.WS
$3.43M 1.56%
274,400
– –
SFST icon
34
Southern First Bancshares
SFST
$590M
$3.42M 1.55%
166,796
-10,576
-6% -$210K
CWAY
35
DELISTED
Coastway Bancorp, Inc.
CWAY
$3.42M 1.55%
309,592
-10,811
-3% -$123K
PACW
36
DELISTED
PacWest Bancorp
PACW
$3.39M 1.54%
79,163
-10,837
-12% -$486K
NCOM
37
DELISTED
National Commerce Corporation
NCOM
$3.36M 1.52%
139,954
-6,138
-4% -$151K
BWFG icon
38
Bankwell Financial Group
BWFG
$531M
$3.31M 1.5%
181,012
-12,488
-6% -$227K
CNBKA
39
DELISTED
Century Bancorp Inc/Mass
CNBKA
$3.02M 1.37%
74,217
-5,436
-7% -$223K
PVBC
40
DELISTED
Provident Bancorp
PVBC
$3.02M 1.37%
+492,546
New +$3.08M
VBTX
41
DELISTED
Veritex Holdings
VBTX
$2.78M 1.26%
177,700
-2,803
-2% -$44.7K
SGBK
42
DELISTED
Stonegate Bank
SGBK
$2.1M 0.95%
65,958
-4,401
-6% -$135K
NVSL
43
DELISTED
NAUGATUCK VALLEY FINANCIAL CORP
NVSL
$2.07M 0.94%
191,344
– –
GLBZ
44
DELISTED
Glen Burnie Bancorp
GLBZ
$1.92M 0.87%
135,153
+5,153
+4% +$64.2K
ENFC
45
DELISTED
Entegra Financial Corp.
ENFC
$1.88M 0.85%
108,282
– –
FBP icon
46
First Bancorp
FBP
$4.28B
$712K 0.32%
+200,000
New +$811K
NBBC
47
DELISTED
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
$157K 0.07%
+18,426
New +$156K
VIRT icon
48
Virtu Financial
VIRT
$5.86B
– –
-50,000
Closed -$1.17M
TSC
49
DELISTED
TriState Capital Holdings, Inc.
TSC
– –
-98,090
Closed -$1.27M
ALTA
50
DELISTED
Altabancorp
ALTA
– –
-60,000
Closed -$1.02M
1
2
3

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Castine Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Castine Capital Management held 52 positions worth $220M, down 7.4% from $238M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Castine Capital Management withdrew a net $12.5M in Q3 2015, closing 5 positions and reducing 29 holdings. Its most notable exit was METRO BANCORP, INC COMMON STOCK, an estimated $7.84M position sold in full.

By sector, the portfolio is most concentrated in Financials at 80% of assets, up from 77% a quarter earlier, followed by Miscellaneous and Real Estate.

Against the trend, Castine Capital Management opened a new position in Citizens Financial Group worth $5.96M.

  • Castine Capital Management's largest Q3 2015 buy was Citizens Financial Group: 250,000 shares worth $5.96M.
  • Castine Capital Management added most to Independent Bank Corp in Q3 2015, an estimated $1.95M increase.
  • Castine Capital Management's biggest Q3 2015 reduction was Ameris Bancorp, cutting an estimated $5.51M.
  • Castine Capital Management fully exited METRO BANCORP, INC COMMON STOCK in Q3 2015, selling an estimated $7.84M.
  • Castine Capital Management's ten largest holdings make up 36% of its $220M portfolio in Q3 2015.
  • Castine Capital Management opened 5 new positions and closed 5 in Q3 2015.
  • Castine Capital Management's portfolio value fell 7.4% quarter-over-quarter to $220M.

Based on Castine Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.