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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
+7.06%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$218M
AUM Growth
-$2.69M
(-1.2%)
Cap. Flow
-$13.6M
Cap. Flow
% of AUM
-6.24%
Top 10 Holdings %
Top 10 Hldgs %
35.33%
Holding
54
New
7
Increased
9
Reduced
8
Closed
8
Avg Time Held
1.4
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBBC
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
|
+$6.68M |
| 2 |
First Bancorp
FBP
|
+$4.07M |
| 3 |
Hilltop Holdings
HTH
|
+$3.65M |
| 4 |
TSC
TriState Capital Holdings, Inc.
TSC
|
+$3.2M |
| 5 |
Univest Financial
UVSP
|
+$3.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fifth Third Bancorp
FITB
|
+$6.51M |
| 2 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$6.34M |
| 3 |
Ameris Bancorp
ABCB
|
+$6.18M |
| 4 |
Heritage Financial
HFWA
|
+$4.49M |
| 5 |
DigitalBridge
DBRG
|
+$4.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 80.66% |
| 2 | Miscellaneous | 14.89% |
| 3 | Technology | 2.87% |
| 4 | Real Estate | 1.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
QCR Holdings
QCRH
$1.59B
| $11.5M | 5.26% |
471,569
| – | – |
2014 Q2
6 quarters
|
|
|
GWB
2
DELISTED
Great Western Bancorp, Inc.
GWB
| $8.27M | 3.8% |
285,000
-106,087
| -27% | -$3.02M |
2014 Q4
4 quarters
|
|
3
DELISTED
Evans Bancorp Inc
EVBN
| $8.11M | 3.73% |
315,345
+39
| +0% | +$962 |
2013 Q2
10 quarters
|
|
4
First Merchants
FRME
$2.44B
| $7.69M | 3.53% |
302,566
| – | – |
2013 Q2
10 quarters
|
|
|
LPSB
5
DELISTED
LAPORTE BANCORP INC MD COM STK
LPSB
| $7.34M | 3.37% |
482,809
| – | – |
2013 Q2
10 quarters
|
|
|
NBBC
6
DELISTED
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
| $7.31M | 3.36% |
600,000
+581,574
| +3,156% | +$6.68M |
2015 Q3
1 quarter
|
|
7
PNC Financial Services
PNC
$86.1B
| $7.22M | 3.32% |
75,724
| – | – |
2013 Q2
10 quarters
|
|
8
Citizens Financial Group
CFG
$26.4B
| $6.55M | 3.01% |
250,000
| – | – |
2015 Q3
1 quarter
|
|
|
YCB
9
DELISTED
YOUR CMNTY BANKSHARES INC COM
YCB
| $6.51M | 2.99% |
206,481
+281
| +0.1% | +$8.48K |
2015 Q1
3 quarters
|
|
|
ESXB
10
DELISTED
Community Bankers Trust Corporation
ESXB
| $6.44M | 2.96% |
1,200,000
+380,295
| +46% | +$2M |
2015 Q2
2 quarters
|
|
11
Seacoast Banking Corp of Florida
SBCF
$3.06B
| $6.31M | 2.9% |
421,372
| – | – |
2014 Q3
5 quarters
|
|
|
12
Ameris Bancorp
ABCB
$5.24B
| $6.29M | 2.89% |
185,000
-192,663
| -51% | -$6.18M |
2013 Q2
10 quarters
|
|
13
Fidelity National Information Services
FIS
$18.3B
| $6.24M | 2.87% |
103,000
+12,319
| +14% | +$815K |
2013 Q2
10 quarters
|
|
|
BNCN
14
DELISTED
BNC Bancorp
BNCN
| $6.22M | 2.86% |
245,000
-27,301
| -10% | -$660K |
2014 Q1
7 quarters
|
|
15
DELISTED
MidWestOne Financial Group
MOFG
| $5.74M | 2.64% |
188,811
| – | – |
2014 Q4
4 quarters
|
|
|
PACW
16
DELISTED
PacWest Bancorp
PACW
| $5.39M | 2.48% |
125,000
+45,837
| +58% | +$2.06M |
2013 Q3
9 quarters
|
|
17
Pathward Financial
CASH
$1.47B
| $5.34M | 2.45% |
348,807
-5,901
| -2% | -$85.9K |
2013 Q2
10 quarters
|
|
|
TLMR
18
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $5.14M | 2.36% |
283,880
| – | – |
2014 Q1
7 quarters
|
|
19
DELISTED
Independent Bank Group, Inc.
IBTX
| $4.95M | 2.27% |
154,534
+7,080
| +5% | +$271K |
2013 Q2
10 quarters
|
|
20
Dime Commercial Bancshares
DCOM
$1.68B
| $4.93M | 2.27% |
162,039
| – | – |
2013 Q4
8 quarters
|
|
21
US Bancorp
USB
$87.7B
| $4.75M | 2.18% |
111,250
| – | – |
2013 Q3
9 quarters
|
|
|
MBVT
22
DELISTED
Merchants Bancshares Inc
MBVT
| $4.7M | 2.16% |
149,137
+3,881
| +3% | +$121K |
2013 Q2
10 quarters
|
|
|
OLBK
23
DELISTED
Old Line Bancshares, Inc.
OLBK
| $4.53M | 2.08% |
257,682
| – | – |
2013 Q2
10 quarters
|
|
24
DELISTED
Premier Financial Corp. Common Stock
PFC
| $4.46M | 2.05% |
236,272
| – | – |
2013 Q2
10 quarters
|
|
25
Mercantile Bank Corp
MBWM
$997M
| $4.42M | 2.03% |
180,000
-56,176
| -24% | -$1.32M |
2014 Q3
5 quarters
|
|
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Castine Capital Management's Q4 2015 Portfolio in Review
As of Q4 2015, Castine Capital Management held 54 positions worth $218M, down 1.2% from $220M the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Castine Capital Management withdrew a net $13.6M in Q4 2015, closing 8 positions and reducing 8 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $6.51M position sold in full.
By sector, the portfolio is most concentrated in Financials at 81% of assets, up from 80% a quarter earlier, followed by Miscellaneous and Technology.
Against the trend, Castine Capital Management opened a new position in Hilltop Holdings worth $3.36M.
- Castine Capital Management's largest Q4 2015 buy was Hilltop Holdings: 175,000 shares worth $3.36M.
- Castine Capital Management added most to NEWBRIDGE BANCORP CLASS A COM STK (NC) in Q4 2015, an estimated $6.68M increase.
- Castine Capital Management's biggest Q4 2015 reduction was Ameris Bancorp, cutting an estimated $6.18M.
- Castine Capital Management fully exited Fifth Third Bancorp in Q4 2015, selling an estimated $6.51M.
- Castine Capital Management's ten largest holdings make up 35% of its $218M portfolio in Q4 2015.
- Castine Capital Management opened 7 new positions and closed 8 in Q4 2015.
- Castine Capital Management's portfolio value fell 1.2% quarter-over-quarter to $218M.
Based on Castine Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.