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
+6.61%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$235M
AUM Growth
-$921K
(-0.39%)
Cap. Flow
-$16M
Cap. Flow
% of AUM
-6.81%
Top 10 Holdings %
Top 10 Hldgs %
40.2%
Holding
52
New
5
Increased
8
Reduced
12
Closed
6
Avg Time Held
0.6
years
Top 10 Avg Time Held
0.5
years
Top 20 Avg Time Held
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TLMR
TALMER BANCORP INC (MI)
TLMR
|
+$4.82M |
| 2 |
Cherry Hill Mortgage Investment Corp
CHMI
|
+$3.79M |
| 3 |
CWAY
Coastway Bancorp, Inc.
CWAY
|
+$2.8M |
| 4 |
WBB
Westbury Bancorp, Inc.
WBB
|
+$2.56M |
| 5 |
PACW
PacWest Bancorp
PACW
|
+$1.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NOVB
NORTH VALLEY BANCORP-COM
NOVB
|
+$8.54M |
| 2 |
STL
Sterling Bancorp
STL
|
+$6.58M |
| 3 |
STSA
STERLING FINL CORP (WA) COM NEW
STSA
|
+$3.41M |
| 4 |
SIMPLICITY BANCORP INC
SMPL
|
+$2.74M |
| 5 |
UBNK
UNITIED FINANCIAL BANCORP INC
UBNK
|
+$2.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 60.51% |
| 2 | Miscellaneous | 28.71% |
| 3 | Real Estate | 7.13% |
| 4 | Technology | 2.27% |
| 5 | Industrials | 1.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
NRF
1
DELISTED
NorthStar Realty Finance Corp.
NRF
| $12.9M | 5.49% |
407,400
-38,194
| -9% | -$1.12M |
2013 Q4
1 quarter
|
|
2
Pathward Financial
CASH
$1.47B
| $10.1M | 4.3% |
676,509
-3,600
| -0.5% | -$50.3K |
2013 Q2
3 quarters
|
|
|
FXCB
3
DELISTED
FOX CHASE BANCORP INC COM STK (MD)
FXCB
| $9.43M | 4.01% |
559,384
-60,256
| -10% | -$1.03M |
2013 Q2
3 quarters
|
|
|
METR
4
DELISTED
METRO BANCORP, INC COMMON STOCK
METR
| $9.29M | 3.95% |
439,356
| – | – |
2013 Q2
3 quarters
|
|
5
Walker & Dunlop
WD
$1.1B
| $9.26M | 3.94% |
566,119
-153,881
| -21% | -$2.41M |
2013 Q2
3 quarters
|
|
|
6
DELISTED
SIMPLICITY BANCORP INC
SMPL
| $9.2M | 3.91% |
522,800
-163,200
| -24% | -$2.74M |
2013 Q2
3 quarters
|
|
7
Fifth Third Bancorp
FITB
$45B
| $8.95M | 3.81% |
390,000
| – | – |
2013 Q2
3 quarters
|
|
8
DELISTED
Independent Bank Group, Inc.
IBTX
| $8.81M | 3.75% |
150,000
| – | – |
2013 Q2
3 quarters
|
|
9
PNC Financial Services
PNC
$86.1B
| $8.27M | 3.52% |
95,000
| – | – |
2013 Q2
3 quarters
|
|
10
KeyCorp
KEY
$21.1B
| $8.26M | 3.51% |
580,000
| – | – |
2013 Q2
3 quarters
|
|
|
WBCO
11
DELISTED
WASHINGTON BANKING CO
WBCO
| $7.56M | 3.22% |
425,000
| – | – |
2013 Q2
3 quarters
|
|
12
Ameris Bancorp
ABCB
$5.24B
| $6.82M | 2.9% |
292,543
| – | – |
2013 Q2
3 quarters
|
|
13
The Bancorp
TBBK
$1.97B
| $6.58M | 2.8% |
350,000
-40,000
| -10% | -$755K |
2013 Q2
3 quarters
|
|
14
First Merchants
FRME
$2.44B
| $6.49M | 2.76% |
300,000
+55,640
| +23% | +$1.18M |
2013 Q2
3 quarters
|
|
15
US Bancorp
USB
$87.7B
| $6.43M | 2.74% |
150,000
| – | – |
2013 Q3
2 quarters
|
|
16
DELISTED
Comerica Incorporated Ws
CMA.WS
| $5.75M | 2.45% |
256,900
-35,100
| -12% | -$674K |
2013 Q2
3 quarters
|
|
17
DELISTED
Evans Bancorp Inc
EVBN
| $5.64M | 2.4% |
248,000
| – | – |
2013 Q2
3 quarters
|
|
18
DELISTED
SunTrust Banks, Inc.
STI
| $5.37M | 2.29% |
135,000
| – | – |
2013 Q2
3 quarters
|
|
19
Fidelity National Information Services
FIS
$18.3B
| $5.34M | 2.27% |
100,000
| – | – |
2013 Q2
3 quarters
|
|
|
TLMR
20
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $5.12M | 2.18% |
+350,000
| New | +$4.82M |
2014 Q1
0 quarters
|
|
|
WBB
21
DELISTED
Westbury Bancorp, Inc.
WBB
| $4.76M | 2.02% |
325,000
+180,000
| +124% | +$2.56M |
2013 Q2
3 quarters
|
|
|
NOVB
22
DELISTED
NORTH VALLEY BANCORP-COM
NOVB
| $4.59M | 1.96% |
190,000
-381,075
| -67% | -$8.54M |
2013 Q2
3 quarters
|
|
23
Dime Commercial Bancshares
DCOM
$1.68B
| $4.33M | 1.84% |
162,000
| – | – |
2013 Q4
1 quarter
|
|
24
DELISTED
Premier Financial Corp. Common Stock
PFC
| $4.21M | 1.79% |
310,624
+33,002
| +12% | +$436K |
2013 Q2
3 quarters
|
|
|
OLBK
25
DELISTED
Old Line Bancshares, Inc.
OLBK
| $4.18M | 1.78% |
242,101
-39,585
| -14% | -$655K |
2013 Q2
3 quarters
|
|
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CCM
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MCM
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BC
Castine Capital Management's Q1 2014 Portfolio in Review
As of Q1 2014, Castine Capital Management held 52 positions worth $235M, down 0.39% from $236M the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Castine Capital Management withdrew a net $16M in Q1 2014, closing 6 positions and reducing 12 holdings. Its most notable exit was Sterling Bancorp, an estimated $6.58M position sold in full.
By sector, the portfolio is most concentrated in Financials at 61% of assets, up from 59% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Castine Capital Management opened a new position in TALMER BANCORP INC (MI) worth $5.12M.
- Castine Capital Management's largest Q1 2014 buy was TALMER BANCORP INC (MI): 350,000 shares worth $5.12M.
- Castine Capital Management added most to Westbury Bancorp, Inc. in Q1 2014, an estimated $2.56M increase.
- Castine Capital Management's biggest Q1 2014 reduction was NORTH VALLEY BANCORP-COM, cutting an estimated $8.54M.
- Castine Capital Management fully exited Sterling Bancorp in Q1 2014, selling an estimated $6.58M.
- Castine Capital Management's ten largest holdings make up 40% of its $235M portfolio in Q1 2014.
- Castine Capital Management opened 5 new positions and closed 6 in Q1 2014.
- Castine Capital Management's portfolio value fell 0.39% quarter-over-quarter to $235M.
Based on Castine Capital Management's 13F filing for Q1 2014, filed 15 May 2014.