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
+10.94%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$230M
AUM Growth
+$7.01M
(+3.2%)
Cap. Flow
-$11.7M
Cap. Flow
% of AUM
-5.1%
Top 10 Holdings %
Top 10 Hldgs %
39.01%
Holding
50
New
8
Increased
12
Reduced
9
Closed
5
Avg Time Held
0.9
years
Top 10 Avg Time Held
0.7
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GWB
Great Western Bancorp, Inc.
GWB
|
+$6.12M |
| 2 |
FSAM
Fifth Street Asset Management Inc. Class A
FSAM
|
+$5.8M |
| 3 |
Seacoast Banking Corp of Florida
SBCF
|
+$3.04M |
| 4 |
First Bancorp
FBP
|
+$2.59M |
| 5 |
Veritex Holdings
VBTX
|
+$2.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIMPLICITY BANCORP INC
SMPL
|
+$11.8M |
| 2 |
KeyCorp
KEY
|
+$7.33M |
| 3 |
FXCB
FOX CHASE BANCORP INC COM STK (MD)
FXCB
|
+$6.12M |
| 4 |
Walker & Dunlop
WD
|
+$5.61M |
| 5 |
METR
METRO BANCORP, INC COMMON STOCK
METR
|
+$2.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 77.19% |
| 2 | Miscellaneous | 15.39% |
| 3 | Real Estate | 4.71% |
| 4 | Technology | 2.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Seacoast Banking Corp of Florida
SBCF
$3.06B
| $15.1M | 6.58% |
1,100,000
+240,000
| +28% | +$3.04M |
2014 Q3
1 quarter
|
|
2
DELISTED
DigitalBridge
DBRG
| $11.5M | 5.01% |
127,500
+5,000
| +4% | +$396K |
2014 Q3
1 quarter
|
|
3
Ameris Bancorp
ABCB
$5.24B
| $8.69M | 3.78% |
339,090
-45,910
| -12% | -$1.14M |
2013 Q2
6 quarters
|
|
|
METR
4
DELISTED
METRO BANCORP, INC COMMON STOCK
METR
| $8.68M | 3.78% |
334,909
-104,447
| -24% | -$2.57M |
2013 Q2
6 quarters
|
|
|
HBOS
5
DELISTED
HERITAGE FINANCIAL GROUP
HBOS
| $8.42M | 3.66% |
325,000
| – | – |
2013 Q2
6 quarters
|
|
6
PNC Financial Services
PNC
$86.1B
| $7.85M | 3.42% |
86,000
-9,000
| -9% | -$780K |
2013 Q2
6 quarters
|
|
|
PACW
7
DELISTED
PacWest Bancorp
PACW
| $7.73M | 3.36% |
170,000
+8,500
| +5% | +$373K |
2013 Q3
5 quarters
|
|
8
Fifth Third Bancorp
FITB
$45B
| $7.54M | 3.28% |
370,000
-70,000
| -16% | -$1.39M |
2013 Q2
6 quarters
|
|
|
NRF
9
DELISTED
NorthStar Realty Finance Corp.
NRF
| $7.03M | 3.06% |
200,000
-25,000
| -11% | -$891K |
2013 Q4
4 quarters
|
|
10
DELISTED
Independent Bank Group, Inc.
IBTX
| $7.03M | 3.06% |
180,000
+26,000
| +17% | +$1.13M |
2013 Q2
6 quarters
|
|
11
First Merchants
FRME
$2.44B
| $6.94M | 3.02% |
305,000
| – | – |
2013 Q2
6 quarters
|
|
12
DELISTED
Evans Bancorp Inc
EVBN
| $6.72M | 2.93% |
276,571
+1,571
| +0.6% | +$36.7K |
2013 Q2
6 quarters
|
|
13
Heritage Financial
HFWA
$1.1B
| $6.64M | 2.89% |
378,248
| – | – |
2014 Q2
2 quarters
|
|
|
GWB
14
DELISTED
Great Western Bancorp, Inc.
GWB
| $6.61M | 2.88% |
+290,000
| New | +$6.12M |
2014 Q4
0 quarters
|
|
15
Peoples Bancorp
PEBO
$1.29B
| $6.26M | 2.73% |
241,507
| – | – |
2014 Q1
3 quarters
|
|
|
WBB
16
DELISTED
Westbury Bancorp, Inc.
WBB
| $6.23M | 2.71% |
379,799
+3,799
| +1% | +$57.9K |
2013 Q2
6 quarters
|
|
17
Fidelity National Information Services
FIS
$18.3B
| $6.22M | 2.71% |
100,000
| – | – |
2013 Q2
6 quarters
|
|
18
US Bancorp
USB
$87.7B
| $5.98M | 2.6% |
133,000
-17,000
| -11% | -$732K |
2013 Q3
5 quarters
|
|
|
FSAM
19
DELISTED
Fifth Street Asset Management Inc. Class A
FSAM
| $5.83M | 2.54% |
+417,824
| New | +$5.8M |
2014 Q4
0 quarters
|
|
|
LPSB
20
DELISTED
LAPORTE BANCORP INC MD COM STK
LPSB
| $5M | 2.18% |
400,000
| – | – |
2013 Q2
6 quarters
|
|
|
TLMR
21
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $4.91M | 2.14% |
350,000
| – | – |
2014 Q1
3 quarters
|
|
|
BNCN
22
DELISTED
BNC Bancorp
BNCN
| $4.75M | 2.07% |
275,855
| – | – |
2014 Q1
3 quarters
|
|
23
Pathward Financial
CASH
$1.47B
| $4.67M | 2.03% |
399,720
-204,480
| -34% | -$2.45M |
2013 Q2
6 quarters
|
|
24
Dime Commercial Bancshares
DCOM
$1.68B
| $4.33M | 1.89% |
162,000
| – | – |
2013 Q4
4 quarters
|
|
|
OLBK
25
DELISTED
Old Line Bancshares, Inc.
OLBK
| $4.12M | 1.79% |
260,401
| – | – |
2013 Q2
6 quarters
|
|
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BC
Castine Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Castine Capital Management held 50 positions worth $230M, up 3.2% from $223M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Castine Capital Management withdrew a net $11.7M in Q4 2014, closing 5 positions and reducing 9 holdings. Its most notable exit was SIMPLICITY BANCORP INC, an estimated $11.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 77% of assets, up from 69% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Castine Capital Management opened a new position in Great Western Bancorp, Inc. worth $6.61M.
- Castine Capital Management's largest Q4 2014 buy was Great Western Bancorp, Inc.: 290,000 shares worth $6.61M.
- Castine Capital Management added most to Seacoast Banking Corp of Florida in Q4 2014, an estimated $3.04M increase.
- Castine Capital Management's biggest Q4 2014 reduction was METRO BANCORP, INC COMMON STOCK, cutting an estimated $2.57M.
- Castine Capital Management fully exited SIMPLICITY BANCORP INC in Q4 2014, selling an estimated $11.8M.
- Castine Capital Management's ten largest holdings make up 39% of its $230M portfolio in Q4 2014.
- Castine Capital Management opened 8 new positions and closed 5 in Q4 2014.
- Castine Capital Management's portfolio value rose 3.2% quarter-over-quarter to $230M.
Based on Castine Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.