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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
+3.42%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$242M
AUM Growth
+$3.06M
Cap. Flow
-$2.13M
Cap. Flow %
-0.88%
Top 10 Hldgs %
45.17%
Holding
42
New
6
Increased
11
Reduced
15
Closed
8

Top Buys

Rank Stock Value
1
STL
Sterling Bancorp
STL
+$10.7M
2
NTB icon
Bank of N.T. Butterfield & Son
NTB
+$8.47M
3
SGBK
Stonegate Bank
SGBK
+$5.44M
4
PEBK icon
Peoples Bancorp of North Carolina
PEBK
+$5.41M
5
EQBK icon
Equity Bancshares
EQBK
+$3.25M

Top Sells

Rank Stock Value
1
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$9.93M
2
FBP icon
First Bancorp
FBP
+$5.95M
3
HFWA icon
Heritage Financial
HFWA
+$5.15M
4
CMA.WS
Comerica Incorporated Ws
CMA.WS
+$4.46M
5
MOFG
MidWestOne Financial Group
MOFG
+$4.17M

Sector Composition

Rank Sector Weight
1 Financials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WAL icon
26
Western Alliance Bancorporation
WAL
$8.57B
$5.4M 2.23%
110,000
+17,620
+19% +$882K
SFST icon
27
Southern First Bancshares
SFST
$590M
$5.12M 2.11%
156,753
+43,034
+38% +$1.47M
SBNY
28
DELISTED
Signature Bank
SBNY
$4.77M 1.97%
32,147
-2,853
-8% -$442K
PVBC
29
DELISTED
Provident Bancorp
PVBC
$4.61M 1.9%
444,501
– –
NCOM
30
DELISTED
National Commerce Corporation
NCOM
$4.5M 1.86%
123,075
-10,589
-8% -$392K
ZION icon
31
Zions Bancorporation
ZION
$9.89B
$3.87M 1.6%
92,161
-7,839
-8% -$340K
CFG icon
32
Citizens Financial Group
CFG
$29.4B
$3.61M 1.49%
104,556
-8,893
-8% -$325K
FBNK
33
DELISTED
First Connecticut Bancorp, Inc
FBNK
$3.16M 1.3%
+127,462
New +$2.98M
BKMU
34
DELISTED
Bank Mutual Corp
BKMU
$932K 0.38%
+99,200
New +$957K
FBP icon
35
First Bancorp
FBP
$4.28B
– –
-900,000
Closed -$5.95M
HFWA icon
36
Heritage Financial
HFWA
$1.17B
– –
-200,000
Closed -$5.15M
MBWM icon
37
Mercantile Bank Corp
MBWM
$1.04B
– –
-84,865
Closed -$3.2M
MOFG
38
DELISTED
MidWestOne Financial Group
MOFG
– –
-110,830
Closed -$4.17M
SBCF icon
39
Seacoast Banking Corp of Florida
SBCF
$3.33B
– –
-450,000
Closed -$9.93M
GBNK
40
DELISTED
Guaranty Bancorp
GBNK
– –
-140,687
Closed -$3.4M
CMA.WS
41
DELISTED
Comerica Incorporated Ws
CMA.WS
– –
-115,000
Closed -$4.46M
YDKN
42
DELISTED
Yadkin Financial Corporation
YDKN
– –
-120,262
Closed -$4.12M
1
2

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Castine Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Castine Capital Management held 42 positions worth $242M, up 1.3% from $239M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Castine Capital Management's Q1 2017 filing shows 6 new, 11 increased, 15 reduced and 8 closed positions. Its largest new stake was Sterling Bancorp: 445,000 shares worth $10.5M. The largest sale was Seacoast Banking Corp of Florida, an estimated $9.93M.

By sector, the portfolio is most concentrated in Financials at 100% of assets, up from 98% a quarter earlier.

  • Castine Capital Management's largest Q1 2017 buy was Sterling Bancorp: 445,000 shares worth $10.5M.
  • Castine Capital Management added most to Equity Bancshares in Q1 2017, an estimated $3.25M increase.
  • Castine Capital Management's biggest Q1 2017 reduction was TriState Capital Holdings, Inc., cutting an estimated $2.28M.
  • Castine Capital Management fully exited Seacoast Banking Corp of Florida in Q1 2017, selling an estimated $9.93M.
  • Castine Capital Management's ten largest holdings make up 45% of its $242M portfolio in Q1 2017.
  • Castine Capital Management opened 6 new positions and closed 8 in Q1 2017.
  • Castine Capital Management's portfolio value rose 1.3% quarter-over-quarter to $242M.

Based on Castine Capital Management's 13F filing for Q1 2017, filed 15 May 2017.