CCM
Castine Capital Management Portfolio holdings
AUM
$129M
Turnover
51.35%
1-Year Est. Return
23.45%
This Fund
S&P 500
This Quarter
Est. Return
+12.89%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$236M
AUM Growth
+$27M
(+13%)
Cap. Flow
+$3.85M
Cap. Flow
% of AUM
1.63%
Top 10 Holdings %
Top 10 Hldgs %
41.59%
Holding
51
New
5
Increased
7
Reduced
12
Closed
4
Avg Time Held
0.4
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$9M |
| 2 |
STL
Sterling Bancorp
STL
|
+$5.99M |
| 3 |
Walker & Dunlop
WD
|
+$4.7M |
| 4 |
Dime Commercial Bancshares
DCOM
|
+$3.83M |
| 5 |
WBCO
WASHINGTON BANKING CO
WBCO
|
+$1.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STL
STERLING BANCORP
STL
|
+$5.36M |
| 2 |
SI Financial Group, Inc. NEW MD
SIFI
|
+$3.86M |
| 3 |
Eagle Bancorp
EGBN
|
+$2.68M |
| 4 |
CBNJ
CAPE BANCORP, INC COM
CBNJ
|
+$2.62M |
| 5 |
Flushing Financial
FFIC
|
+$2.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 59.36% |
| 2 | Miscellaneous | 32.1% |
| 3 | Real Estate | 4.99% |
| 4 | Technology | 2.27% |
| 5 | Industrials | 1.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
NRF
1
DELISTED
NorthStar Realty Finance Corp.
NRF
| $11.8M | 4.99% |
+445,594
| New | +$9M |
2013 Q4
0 quarters
|
|
|
2
Walker & Dunlop
WD
$1.1B
| $11.6M | 4.93% |
720,000
+328,039
| +84% | +$4.7M |
2013 Q2
2 quarters
|
|
3
DELISTED
SIMPLICITY BANCORP INC
SMPL
| $11.1M | 4.7% |
686,000
| – | – |
2013 Q2
2 quarters
|
|
|
NOVB
4
DELISTED
NORTH VALLEY BANCORP-COM
NOVB
| $10.8M | 4.58% |
571,075
-8,468
| -1% | -$162K |
2013 Q2
2 quarters
|
|
|
FXCB
5
DELISTED
FOX CHASE BANCORP INC COM STK (MD)
FXCB
| $10.7M | 4.54% |
619,640
-46,854
| -7% | -$823K |
2013 Q2
2 quarters
|
|
|
METR
6
DELISTED
METRO BANCORP, INC COMMON STOCK
METR
| $9.46M | 4.01% |
439,356
-28,780
| -6% | -$624K |
2013 Q2
2 quarters
|
|
7
Pathward Financial
CASH
$1.47B
| $9.14M | 3.87% |
680,109
| – | – |
2013 Q2
2 quarters
|
|
8
Fifth Third Bancorp
FITB
$45B
| $8.2M | 3.48% |
390,000
-10,000
| -3% | -$196K |
2013 Q2
2 quarters
|
|
9
KeyCorp
KEY
$21.1B
| $7.78M | 3.3% |
580,000
-120,000
| -17% | -$1.52M |
2013 Q2
2 quarters
|
|
|
WBCO
10
DELISTED
WASHINGTON BANKING CO
WBCO
| $7.54M | 3.19% |
425,000
+115,264
| +37% | +$1.91M |
2013 Q2
2 quarters
|
|
11
DELISTED
Independent Bank Group, Inc.
IBTX
| $7.45M | 3.16% |
150,000
| – | – |
2013 Q2
2 quarters
|
|
12
PNC Financial Services
PNC
$86.1B
| $7.37M | 3.12% |
95,000
-5,000
| -5% | -$375K |
2013 Q2
2 quarters
|
|
13
The Bancorp
TBBK
$1.97B
| $6.99M | 2.96% |
390,000
-40,915
| -9% | -$716K |
2013 Q2
2 quarters
|
|
|
STL
14
DELISTED
Sterling Bancorp
STL
| $6.58M | 2.79% |
+492,374
| New | +$5.99M |
2013 Q4
0 quarters
|
|
15
Ameris Bancorp
ABCB
$5.24B
| $6.18M | 2.62% |
292,543
| – | – |
2013 Q2
2 quarters
|
|
16
US Bancorp
USB
$87.7B
| $6.06M | 2.57% |
150,000
| – | – |
2013 Q3
1 quarter
|
|
17
DELISTED
Comerica Incorporated Ws
CMA.WS
| $5.56M | 2.36% |
292,000
| – | – |
2013 Q2
2 quarters
|
|
18
First Merchants
FRME
$2.44B
| $5.55M | 2.35% |
244,360
| – | – |
2013 Q2
2 quarters
|
|
19
Fidelity National Information Services
FIS
$18.3B
| $5.37M | 2.27% |
100,000
| – | – |
2013 Q2
2 quarters
|
|
20
DELISTED
Evans Bancorp Inc
EVBN
| $5.23M | 2.22% |
248,000
+16,135
| +7% | +$332K |
2013 Q2
2 quarters
|
|
21
DELISTED
SunTrust Banks, Inc.
STI
| $4.97M | 2.11% |
135,000
| – | – |
2013 Q2
2 quarters
|
|
|
22
Dime Commercial Bancshares
DCOM
$1.68B
| $4.21M | 1.79% |
+162,000
| New | +$3.83M |
2013 Q4
0 quarters
|
|
23
Northeast Bank
NBN
$1.06B
| $4.18M | 1.77% |
436,409
-45,286
| -9% | -$443K |
2013 Q2
2 quarters
|
|
|
OLBK
24
DELISTED
Old Line Bancshares, Inc.
OLBK
| $4.08M | 1.73% |
281,686
| – | – |
2013 Q2
2 quarters
|
|
|
PEOP
25
DELISTED
PEOPLES FED BANCSHARES INC COM STK (MD)
PEOP
| $4.08M | 1.73% |
230,000
+52,300
| +29% | +$913K |
2013 Q2
2 quarters
|
|
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Castine Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Castine Capital Management held 51 positions worth $236M, up 13% from $209M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Castine Capital Management's Q4 2013 filing shows 5 new, 7 increased, 12 reduced and 4 closed positions. Its largest new stake was NorthStar Realty Finance Corp.: 445,594 shares worth $11.8M. The largest sale was STERLING BANCORP, an estimated $5.36M.
By sector, the portfolio is most concentrated in Financials at 59% of assets, down from 62% a quarter earlier, followed by Miscellaneous and Real Estate.
- Castine Capital Management's largest Q4 2013 buy was NorthStar Realty Finance Corp.: 445,594 shares worth $11.8M.
- Castine Capital Management added most to Walker & Dunlop in Q4 2013, an estimated $4.7M increase.
- Castine Capital Management's biggest Q4 2013 reduction was Flushing Financial, cutting an estimated $2.33M.
- Castine Capital Management fully exited STERLING BANCORP in Q4 2013, selling an estimated $5.36M.
- Castine Capital Management's ten largest holdings make up 42% of its $236M portfolio in Q4 2013.
- Castine Capital Management opened 5 new positions and closed 4 in Q4 2013.
- Castine Capital Management's portfolio value rose 13% quarter-over-quarter to $236M.
Based on Castine Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.