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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
-1.72%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$366M
AUM Growth
-$20.5M
Cap. Flow
-$14.4M
Cap. Flow %
-3.93%
Top 10 Hldgs %
47.48%
Holding
45
New
7
Increased
20
Reduced
9
Closed
7

Top Buys

Rank Stock Value
1
ABCB icon
Ameris Bancorp
ABCB
+$15.9M
2
PBCT
People's United Financial Inc
PBCT
+$11.3M
3
BANC icon
Banc of California
BANC
+$4.95M
4
STXB
Spirit of Texas Bancshares, Inc. Common Stock
STXB
+$3.55M
5
PBBI
PB Bancorp, Inc. Common Stock
PBBI
+$2.35M

Top Sells

Rank Stock Value
1
UBNK
United Financial Bancorp, Inc.
UBNK
+$27.2M
2
LION
Fidelity Southern Corporation
LION
+$18.5M
3
DNBF
DNB Financial Corp
DNBF
+$9.74M
4
FRME icon
First Merchants
FRME
+$8.13M
5
FUNC icon
First United
FUNC
+$3.44M

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
$6.29M 1.72%
528,570
-11,953
-2% -$156K
BANC icon
27
Banc of California
BANC
$2.95B
$4.85M 1.33%
+342,802
New +$4.95M
DCOM icon
28
Dime Commercial Bancshares
DCOM
$1.79B
$4.79M 1.31%
162,169
+77,133
+91% +$2.19M
MNSB icon
29
MainStreet Bancshares
MNSB
$179M
$4.51M 1.23%
214,509
– –
FMBH icon
30
First Mid Bancshares
FMBH
$1.34B
$4.34M 1.19%
125,244
+2,107
+2% +$70.2K
STXB
31
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
$3.55M 0.97%
+164,873
New +$3.55M
RRBI icon
32
Red River Bancshares
RRBI
$663M
$3.51M 0.96%
80,911
+33,676
+71% +$1.54M
FBSS
33
DELISTED
Fauquier Bankshares Inc
FBSS
$3.13M 0.86%
158,325
+4,931
+3% +$101K
AMNB
34
DELISTED
American National Bankshares Inc
AMNB
$2.91M 0.8%
82,065
– –
PBBI
35
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
$2.37M 0.65%
+205,347
New +$2.35M
FSEA icon
36
First Seacoast Bancorp
FSEA
$80.8M
$2.16M 0.59%
+193,000
New +$2.1M
OPOF
37
DELISTED
Old Point Financial
OPOF
$1.3M 0.36%
+54,751
New +$1.26M
CNOB icon
38
Center Bancorp
CNOB
$1.6B
$712K 0.19%
+32,097
New +$697K
AUBN icon
39
Auburn National Bancorp
AUBN
$91.7M
– –
-9,337
Closed -$313K
FRME icon
40
First Merchants
FRME
$2.63B
– –
-214,531
Closed -$8.13M
FUNC icon
41
First United
FUNC
$279M
– –
-174,685
Closed -$3.44M
DNBF
42
DELISTED
DNB Financial Corp
DNBF
– –
-219,042
Closed -$9.74M
UBNK
43
DELISTED
United Financial Bancorp, Inc.
UBNK
– –
-1,914,882
Closed -$27.2M
MBTF
44
DELISTED
MBT Financial Corporation
MBTF
– –
-58,000
Closed -$581K
LION
45
DELISTED
Fidelity Southern Corporation
LION
– –
-598,670
Closed -$18.5M
1
2

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Castine Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Castine Capital Management held 45 positions worth $366M, down 5.3% from $386M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Castine Capital Management withdrew a net $14.4M in Q3 2019, closing 7 positions and reducing 9 holdings. Its most notable exit was United Financial Bancorp, Inc., an estimated $27.2M position sold in full.

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

Against the trend, Castine Capital Management opened a new position in People's United Financial Inc worth $11.3M.

  • Castine Capital Management's largest Q3 2019 buy was People's United Financial Inc: 720,000 shares worth $11.3M.
  • Castine Capital Management added most to Ameris Bancorp in Q3 2019, an estimated $15.9M increase.
  • Castine Capital Management's biggest Q3 2019 reduction was Community Bankers Trust Corporation, cutting an estimated $1.54M.
  • Castine Capital Management fully exited United Financial Bancorp, Inc. in Q3 2019, selling an estimated $27.2M.
  • Castine Capital Management's ten largest holdings make up 47% of its $366M portfolio in Q3 2019.
  • Castine Capital Management opened 7 new positions and closed 7 in Q3 2019.
  • Castine Capital Management's portfolio value fell 5.3% quarter-over-quarter to $366M.

Based on Castine Capital Management's 13F filing for Q3 2019, filed 13 Nov 2019.