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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
-1.12%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$220M
AUM Growth
-$17.5M
(-7.4%)
Cap. Flow
-$12.5M
Cap. Flow
% of AUM
-5.65%
Top 10 Holdings %
Top 10 Hldgs %
36.2%
Holding
52
New
5
Increased
9
Reduced
29
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citizens Financial Group
CFG
|
+$6.39M |
| 2 |
FFWM
First Foundation Inc
FFWM
|
+$3.57M |
| 3 |
PVBC
Provident Bancorp
PVBC
|
+$3.08M |
| 4 |
Independent Bank Corp
IBCP
|
+$1.95M |
| 5 |
ESXB
Community Bankers Trust Corporation
ESXB
|
+$1.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
METR
METRO BANCORP, INC COMMON STOCK
METR
|
+$7.84M |
| 2 |
Ameris Bancorp
ABCB
|
+$5.51M |
| 3 |
COB
CommunityOne Bancorp
COB
|
+$2.33M |
| 4 |
IBTX
Independent Bank Group, Inc.
IBTX
|
+$2.01M |
| 5 |
TSC
TriState Capital Holdings, Inc.
TSC
|
+$1.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 80.28% |
| 2 | Miscellaneous | 12.24% |
| 3 | Real Estate | 4.72% |
| 4 | Technology | 2.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Ameris Bancorp
ABCB
$5.74B
| $10.9M | 4.93% |
377,663
-202,956
| -35% | -$5.51M |
|
2
QCR Holdings
QCRH
$1.65B
| $10.3M | 4.68% |
471,569
+29,919
| +7% | +$649K |
|
|
GWB
3
DELISTED
Great Western Bancorp, Inc.
GWB
| $9.92M | 4.5% |
391,087
-48,913
| -11% | -$1.23M |
|
4
First Merchants
FRME
$2.63B
| $7.93M | 3.6% |
302,566
-20,240
| -6% | -$523K |
|
|
EVBN
5
DELISTED
Evans Bancorp Inc
EVBN
| $7.82M | 3.55% |
315,306
+15,306
| +5% | +$361K |
|
|
LPSB
6
DELISTED
LAPORTE BANCORP INC MD COM STK
LPSB
| $7.12M | 3.23% |
482,809
+26,740
| +6% | +$373K |
|
7
PNC Financial Services
PNC
$96.6B
| $6.75M | 3.07% |
75,724
-12,779
| -14% | -$1.2M |
|
|
FITB
8
Fifth Third Bancorp
FITB
$49.5B
| $6.51M | 2.95% |
344,247
-25,225
| -7% | -$512K |
|
|
NRF
9
DELISTED
NorthStar Realty Finance Corp.
NRF
| $6.34M | 2.88% |
256,868
-18,132
| -7% | -$539K |
|
10
Seacoast Banking Corp of Florida
SBCF
$3.33B
| $6.19M | 2.81% |
421,372
-28,628
| -6% | -$439K |
|
11
Fidelity National Information Services
FIS
$21.4B
| $6.08M | 2.76% |
90,681
-6,403
| -7% | -$427K |
|
|
BNCN
12
DELISTED
BNC Bancorp
BNCN
| $6.05M | 2.75% |
272,301
-31,582
| -10% | -$676K |
|
|
YCB
13
DELISTED
YOUR CMNTY BANKSHARES INC COM
YCB
| $5.99M | 2.72% |
206,200
+26,200
| +15% | +$756K |
|
|
14
Citizens Financial Group
CFG
$29.4B
| $5.96M | 2.71% |
+250,000
| New | +$6.39M |
|
|
IBTX
15
DELISTED
Independent Bank Group, Inc.
IBTX
| $5.67M | 2.57% |
147,454
-47,594
| -24% | -$2.01M |
|
|
MOFG
16
DELISTED
MidWestOne Financial Group
MOFG
| $5.52M | 2.51% |
188,811
+364
| +0.2% | +$11.3K |
|
17
Pathward Financial
CASH
$1.69B
| $4.94M | 2.24% |
354,708
-25,473
| -7% | -$390K |
|
18
Mercantile Bank Corp
MBWM
$1.04B
| $4.91M | 2.23% |
236,176
-13,824
| -6% | -$283K |
|
|
TLMR
19
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $4.73M | 2.14% |
283,880
-37,441
| -12% | -$621K |
|
20
US Bancorp
USB
$97.3B
| $4.56M | 2.07% |
111,250
-17,968
| -14% | -$778K |
|
21
Heritage Financial
HFWA
$1.17B
| $4.49M | 2.04% |
238,357
-40,433
| -15% | -$731K |
|
22
Dime Commercial Bancshares
DCOM
$1.79B
| $4.33M | 1.96% |
162,039
-11,277
| -7% | -$303K |
|
|
PFC
23
DELISTED
Premier Financial Corp. Common Stock
PFC
| $4.32M | 1.96% |
236,272
-16,692
| -7% | -$308K |
|
|
MBVT
24
DELISTED
Merchants Bancshares Inc
MBVT
| $4.27M | 1.94% |
145,256
+10,083
| +7% | +$304K |
|
|
OLBK
25
DELISTED
Old Line Bancshares, Inc.
OLBK
| $4.19M | 1.9% |
257,682
-18,001
| -7% | -$285K |
|
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Castine Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Castine Capital Management held 52 positions worth $220M, down 7.4% from $238M the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Castine Capital Management withdrew a net $12.5M in Q3 2015, closing 5 positions and reducing 29 holdings. Its most notable exit was METRO BANCORP, INC COMMON STOCK, an estimated $7.84M position sold in full.
By sector, the portfolio is most concentrated in Financials at 80% of assets, up from 77% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Castine Capital Management opened a new position in Citizens Financial Group worth $5.96M.
- Castine Capital Management's largest Q3 2015 buy was Citizens Financial Group: 250,000 shares worth $5.96M.
- Castine Capital Management added most to Independent Bank Corp in Q3 2015, an estimated $1.95M increase.
- Castine Capital Management's biggest Q3 2015 reduction was Ameris Bancorp, cutting an estimated $5.51M.
- Castine Capital Management fully exited METRO BANCORP, INC COMMON STOCK in Q3 2015, selling an estimated $7.84M.
- Castine Capital Management's ten largest holdings make up 36% of its $220M portfolio in Q3 2015.
- Castine Capital Management opened 5 new positions and closed 5 in Q3 2015.
- Castine Capital Management's portfolio value fell 7.4% quarter-over-quarter to $220M.
Based on Castine Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.