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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
+7.85%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$386M
AUM Growth
+$63.5M
(+20%)
Cap. Flow
+$40.2M
Cap. Flow
% of AUM
10.4%
Top 10 Holdings %
Top 10 Hldgs %
48.55%
Holding
46
New
7
Increased
23
Reduced
8
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$20.3M |
| 2 |
Hancock Whitney
HWC
|
+$8.7M |
| 3 |
OPB
Opus Bank Common Stock
OPB
|
+$6.78M |
| 4 |
MainStreet Bancshares
MNSB
|
+$5.07M |
| 5 |
Northeast Bank
NBN
|
+$4.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$9.7M |
| 2 |
TCF
TCF Financial Corporation
TCF
|
+$9.52M |
| 3 |
KeyCorp
KEY
|
+$6.72M |
| 4 |
LCNB Corp
LCNB
|
+$6.56M |
| 5 |
Hilltop Holdings
HTH
|
+$5.93M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PVBC
26
DELISTED
Provident Bancorp
PVBC
| $7.49M | 1.94% |
540,523
+2,304
| +0.4% | +$27.8K |
|
27
First Bancorp
FBNC
$2.65B
| $6.97M | 1.8% |
191,403
-9,692
| -5% | -$355K |
|
|
HMNF
28
DELISTED
HMN Financial Inc
HMNF
| $5.39M | 1.4% |
256,890
+49,750
| +24% | +$1.08M |
|
29
Ameris Bancorp
ABCB
$5.74B
| $5.37M | 1.39% |
137,007
+110,906
| +425% | +$4.05M |
|
|
30
MainStreet Bancshares
MNSB
$179M
| $4.89M | 1.27% |
+214,509
| New | +$5.07M |
|
31
First Mid Bancshares
FMBH
$1.34B
| $4.3M | 1.11% |
123,137
-4,828
| -4% | -$164K |
|
32
First United
FUNC
$279M
| $3.44M | 0.89% |
+174,685
| New | +$3.23M |
|
|
FBSS
33
DELISTED
Fauquier Bankshares Inc
FBSS
| $3.27M | 0.85% |
153,394
+22,443
| +17% | +$476K |
|
|
AMNB
34
DELISTED
American National Bankshares Inc
AMNB
| $3.18M | 0.82% |
+82,065
| New | +$2.95M |
|
35
Dime Commercial Bancshares
DCOM
$1.79B
| $2.5M | 0.65% |
85,036
+10,036
| +13% | +$298K |
|
36
Red River Bancshares
RRBI
$663M
| $2.29M | 0.59% |
+47,235
| New | +$2.31M |
|
|
MBTF
37
DELISTED
MBT Financial Corporation
MBTF
| $581K | 0.15% |
+58,000
| New | +$581K |
|
38
Auburn National Bancorp
AUBN
$91.7M
| $313K | 0.08% |
+9,337
| New | +$333K |
|
|
39
Bank of America
BAC
$436B
| – | – |
-351,597
| Closed | -$9.7M |
|
|
40
Hilltop Holdings
HTH
$2.21B
| – | – |
-325,000
| Closed | -$5.93M |
|
|
41
KeyCorp
KEY
$23.4B
| – | – |
-426,924
| Closed | -$6.72M |
|
|
42
LCNB Corp
LCNB
$277M
| – | – |
-382,687
| Closed | -$6.56M |
|
43
OceanFirst Financial
OCFC
$1.82B
| – | – |
-104,091
| Closed | -$2.5M |
|
|
HMTA
44
DELISTED
HomeTown Bankshares Corporation Common Stock
HMTA
| – | – |
-173,960
| Closed | -$2.49M |
|
|
NCOM
45
DELISTED
National Commerce Corporation
NCOM
| – | – |
-111,293
| Closed | -$4.36M |
|
|
TCF
46
DELISTED
TCF Financial Corporation
TCF
| – | – |
-460,000
| Closed | -$9.52M |
|
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Castine Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Castine Capital Management held 46 positions worth $386M, up 20% from $323M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Castine Capital Management deployed $40.2M of net new capital in Q2 2019, opening 7 new positions and adding to 23 existing holdings. Its largest new stake was TCF Financial Corporation Common Stock: 490,000 shares worth $20.1M.
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 First Bancorp, an estimated $355K trimmed.
- Castine Capital Management's largest Q2 2019 buy was TCF Financial Corporation Common Stock: 490,000 shares worth $20.1M.
- Castine Capital Management added most to Hancock Whitney in Q2 2019, an estimated $8.7M increase.
- Castine Capital Management's biggest Q2 2019 reduction was First Bancorp, cutting an estimated $355K.
- Castine Capital Management fully exited Bank of America in Q2 2019, selling an estimated $9.7M.
- Castine Capital Management's ten largest holdings make up 49% of its $386M portfolio in Q2 2019.
- Castine Capital Management opened 7 new positions and closed 8 in Q2 2019.
- Castine Capital Management's portfolio value rose 20% quarter-over-quarter to $386M.
Based on Castine Capital Management's 13F filing for Q2 2019, filed 13 Aug 2019.