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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
+38.23%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$239M
AUM Growth
+$38.2M
Cap. Flow
-$29.9M
Cap. Flow %
-12.47%
Top 10 Hldgs %
46.31%
Holding
41
New
4
Increased
3
Reduced
14
Closed
5

Top Buys

Rank Stock Value
1
FBMS
The First Bancshares, Inc.
FBMS
+$6.04M
2
SBNY
Signature Bank
SBNY
+$4.77M
3
VBTX
Veritex Holdings
VBTX
+$4.42M
4
HFWA icon
Heritage Financial
HFWA
+$4.28M
5
FBNC icon
First Bancorp
FBNC
+$3.04M

Top Sells

Rank Stock Value
1
YDKN
Yadkin Financial Corporation
YDKN
+$8.14M
2
QCRH icon
QCR Holdings
QCRH
+$7.67M
3
MBVT
Merchants Bancshares Inc
MBVT
+$7.45M
4
BNCN
BNC Bancorp
BNCN
+$5.63M
5
UBNK
United Financial Bancorp, Inc.
UBNK
+$4.84M

Sector Composition

Rank Sector Weight
1 Financials 98.14%
2 Miscellaneous 1.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MOFG
26
DELISTED
MidWestOne Financial Group
MOFG
$4.17M 1.74%
110,830
– –
YDKN
27
DELISTED
Yadkin Financial Corporation
YDKN
$4.12M 1.72%
120,262
-267,818
-69% -$8.14M
SFST icon
28
Southern First Bancshares
SFST
$590M
$4.09M 1.71%
113,719
– –
CFG icon
29
Citizens Financial Group
CFG
$29.4B
$4.04M 1.69%
113,449
– –
PVBC
30
DELISTED
Provident Bancorp
PVBC
$3.94M 1.64%
444,501
-404
-0.1% -$3.44K
CIVB icon
31
Civista Bancshares
CIVB
$571M
$3.89M 1.62%
200,000
– –
FBNC icon
32
First Bancorp
FBNC
$2.65B
$3.58M 1.49%
+131,856
New +$3.04M
GBNK
33
DELISTED
Guaranty Bancorp
GBNK
$3.4M 1.42%
140,687
– –
EQBK icon
34
Equity Bancshares
EQBK
$1.02B
$3.22M 1.34%
95,583
– –
MBWM icon
35
Mercantile Bank Corp
MBWM
$1.04B
$3.2M 1.34%
84,865
-87,042
-51% -$2.74M
ENFC
36
DELISTED
Entegra Financial Corp.
ENFC
$2.13M 0.89%
103,388
– –
FBK icon
37
FB Financial Corp
FBK
$2.89B
– –
-100,000
Closed -$2.02M
GLBZ
38
DELISTED
Glen Burnie Bancorp
GLBZ
– –
-87,256
Closed -$894K
UBNK
39
DELISTED
United Financial Bancorp, Inc.
UBNK
– –
-350,000
Closed -$4.84M
BNCN
40
DELISTED
BNC Bancorp
BNCN
– –
-231,436
Closed -$5.63M
CACB
41
DELISTED
Cascade Bancorp
CACB
– –
-152,141
Closed -$922K
1
2

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Castine Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Castine Capital Management held 41 positions worth $239M, up 19% from $201M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Castine Capital Management withdrew a net $29.9M in Q4 2016, closing 5 positions and reducing 14 holdings. Its most notable exit was BNC Bancorp, an estimated $5.63M position sold in full.

By sector, the portfolio is most concentrated in Financials at 98% of assets, up from 98% a quarter earlier, followed by Miscellaneous.

Against the trend, Castine Capital Management opened a new position in The First Bancshares, Inc. worth $7.11M.

  • Castine Capital Management's largest Q4 2016 buy was The First Bancshares, Inc.: 258,721 shares worth $7.11M.
  • Castine Capital Management added most to Veritex Holdings in Q4 2016, an estimated $4.42M increase.
  • Castine Capital Management's biggest Q4 2016 reduction was Yadkin Financial Corporation, cutting an estimated $8.14M.
  • Castine Capital Management fully exited BNC Bancorp in Q4 2016, selling an estimated $5.63M.
  • Castine Capital Management's ten largest holdings make up 46% of its $239M portfolio in Q4 2016.
  • Castine Capital Management opened 4 new positions and closed 5 in Q4 2016.
  • Castine Capital Management's portfolio value rose 19% quarter-over-quarter to $239M.

Based on Castine Capital Management's 13F filing for Q4 2016, filed 13 Feb 2017.