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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
-1.17%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$336M
AUM Growth
+$14.5M
(+4.5%)
Cap. Flow
+$20.6M
Cap. Flow
% of AUM
6.13%
Top 10 Holdings %
Top 10 Hldgs %
42.63%
Holding
50
New
11
Increased
23
Reduced
9
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TriCo Bancshares
TCBK
|
+$8.66M |
| 2 |
IBKC
IBERIABANK Corp
IBKC
|
+$8.39M |
| 3 |
LCNB Corp
LCNB
|
+$6.25M |
| 4 |
PCSB
PCSB Financial Corporation
PCSB
|
+$5.06M |
| 5 |
DCOM
Dime Community Bancshares
DCOM
|
+$4.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMA
Comerica
CMA
|
+$8.95M |
| 2 |
BayCom
BCML
|
+$7.53M |
| 3 |
ENFC
Entegra Financial Corp.
ENFC
|
+$4.4M |
| 4 |
Triumph Financial Inc
TFIN
|
+$4.28M |
| 5 |
MFNC
Mackinac Financial Corporation
MFNC
|
+$3.98M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VBTX
26
DELISTED
Veritex Holdings
VBTX
| $6.74M | 2% |
238,371
-64,917
| -21% | -$1.99M |
|
|
27
LCNB Corp
LCNB
$277M
| $6.13M | 1.82% |
+328,603
| New | +$6.25M |
|
|
NCOM
28
DELISTED
National Commerce Corporation
NCOM
| $5.92M | 1.76% |
143,442
+8,646
| +6% | +$389K |
|
|
OLBK
29
DELISTED
Old Line Bancshares, Inc.
OLBK
| $5.45M | 1.62% |
172,203
+10,423
| +6% | +$357K |
|
|
PCSB
30
DELISTED
PCSB Financial Corporation
PCSB
| $5.11M | 1.52% |
+251,265
| New | +$5.06M |
|
31
First Financial Corp
THFF
$942M
| $4.89M | 1.45% |
97,442
+46,438
| +91% | +$2.32M |
|
|
DNBF
32
DELISTED
DNB Financial Corp
DNBF
| $4.69M | 1.39% |
127,072
+18,993
| +18% | +$659K |
|
|
DCOM
33
DELISTED
Dime Community Bancshares
DCOM
| $4.58M | 1.36% |
+256,400
| New | +$4.75M |
|
34
Merchants Bancorp
MBIN
$2.45B
| $4.51M | 1.34% |
266,237
-24,466
| -8% | -$438K |
|
35
First Mid Bancshares
FMBH
$1.34B
| $4.27M | 1.27% |
105,948
+5,948
| +6% | +$243K |
|
36
Eagle Bancorp
EGBN
$840M
| $4.07M | 1.21% |
+80,364
| New | +$4.46M |
|
37
Origin Bancorp
OBK
$1.64B
| $2.96M | 0.88% |
78,660
| – | – |
|
38
Hilltop Holdings
HTH
$2.21B
| $2.42M | 0.72% |
+119,789
| New | +$2.53M |
|
|
HMTA
39
DELISTED
HomeTown Bankshares Corporation Common Stock
HMTA
| $2.3M | 0.68% |
171,798
+22,013
| +15% | +$309K |
|
|
ENFC
40
DELISTED
Entegra Financial Corp.
ENFC
| $1.64M | 0.49% |
61,715
-155,515
| -72% | -$4.4M |
|
41
FVCBankcorp
FVCB
$329M
| $1.46M | 0.43% |
+92,250
| New | +$1.47M |
|
|
FBSS
42
DELISTED
Fauquier Bankshares Inc
FBSS
| $1.35M | 0.4% |
+53,234
| New | +$1.23M |
|
43
Capital Bancorp
CBNK
$595M
| $763K | 0.23% |
+60,000
| New | +$767K |
|
44
Center Bancorp
CNOB
$1.6B
| $712K | 0.21% |
+30,000
| New | +$746K |
|
|
45
BayCom
BCML
$331M
| – | – |
-304,374
| Closed | -$7.53M |
|
|
CMA
46
DELISTED
Comerica
CMA
| – | – |
-98,417
| Closed | -$8.95M |
|
|
GNTY
47
DELISTED
Guaranty Bancshares
GNTY
| – | – |
-21,900
| Closed | -$656K |
|
48
OceanFirst Financial
OCFC
$1.82B
| – | – |
-87,058
| Closed | -$2.61M |
|
|
49
Triumph Financial Inc
TFIN
$1.72B
| – | – |
-105,000
| Closed | -$4.28M |
|
|
MFNC
50
DELISTED
Mackinac Financial Corporation
MFNC
| – | – |
-240,000
| Closed | -$3.98M |
|
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Castine Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Castine Capital Management held 50 positions worth $336M, up 4.5% from $322M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Castine Capital Management deployed $20.6M of net new capital in Q3 2018, opening 11 new positions and adding to 23 existing holdings. Its largest new stake was TriCo Bancshares: 223,888 shares worth $8.65M.
By sector, the portfolio is most concentrated in Financials at 100% of assets, unchanged from a quarter earlier.
On the sell side, the largest reduction was Entegra Financial Corp., an estimated $4.4M trimmed.
- Castine Capital Management's largest Q3 2018 buy was TriCo Bancshares: 223,888 shares worth $8.65M.
- Castine Capital Management added most to Ameris Bancorp in Q3 2018, an estimated $3.78M increase.
- Castine Capital Management's biggest Q3 2018 reduction was Entegra Financial Corp., cutting an estimated $4.4M.
- Castine Capital Management fully exited Comerica in Q3 2018, selling an estimated $8.95M.
- Castine Capital Management's ten largest holdings make up 43% of its $336M portfolio in Q3 2018.
- Castine Capital Management opened 11 new positions and closed 6 in Q3 2018.
- Castine Capital Management's portfolio value rose 4.5% quarter-over-quarter to $336M.
Based on Castine Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.