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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
-5.69%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$202M
AUM Growth
-$15.8M
(-7.3%)
Cap. Flow
-$8.38M
Cap. Flow
% of AUM
-4.15%
Top 10 Holdings %
Top 10 Hldgs %
42.41%
Holding
51
New
5
Increased
17
Reduced
6
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YDKN
Yadkin Financial Corporation
YDKN
|
+$8.92M |
| 2 |
KeyCorp
KEY
|
+$6.15M |
| 3 |
First Bancorp
FBP
|
+$5.49M |
| 4 |
Ameris Bancorp
ABCB
|
+$4.03M |
| 5 |
FFKT
Farmers Capital Bank Corp
FFKT
|
+$3.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LPSB
LAPORTE BANCORP INC MD COM STK
LPSB
|
+$7.34M |
| 2 |
NBBC
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
|
+$7.31M |
| 3 |
Citizens Financial Group
CFG
|
+$6.55M |
| 4 |
Fidelity National Information Services
FIS
|
+$6.24M |
| 5 |
Pathward Financial
CASH
|
+$5.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 87.09% |
| 2 | Miscellaneous | 10.28% |
| 3 | Real Estate | 2.63% |
| 4 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
QCR Holdings
QCRH
$1.65B
| $11.9M | 5.91% |
500,000
+28,431
| +6% | +$644K |
|
|
2
First Bancorp
FBP
$4.28B
| $9.81M | 4.86% |
3,360,000
+2,060,000
| +158% | +$5.49M |
|
|
3
Ameris Bancorp
ABCB
$5.74B
| $9.68M | 4.8% |
327,337
+142,337
| +77% | +$4.03M |
|
|
YDKN
4
DELISTED
Yadkin Financial Corporation
YDKN
| $9.35M | 4.63% |
+395,080
| New | +$8.92M |
|
5
Seacoast Banking Corp of Florida
SBCF
$3.33B
| $8.21M | 4.07% |
520,000
+98,628
| +23% | +$1.46M |
|
|
PACW
6
DELISTED
PacWest Bancorp
PACW
| $7.8M | 3.86% |
210,000
+85,000
| +68% | +$3.01M |
|
|
GWB
7
DELISTED
Great Western Bancorp, Inc.
GWB
| $7.77M | 3.85% |
285,000
| – | – |
|
|
TLMR
8
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $7.42M | 3.67% |
410,000
+126,120
| +44% | +$2.13M |
|
9
First Merchants
FRME
$2.63B
| $7.13M | 3.53% |
302,566
| – | – |
|
|
ESXB
10
DELISTED
Community Bankers Trust Corporation
ESXB
| $6.52M | 3.23% |
1,303,800
+103,800
| +9% | +$522K |
|
|
MOFG
11
DELISTED
MidWestOne Financial Group
MOFG
| $6.45M | 3.2% |
234,995
+46,184
| +24% | +$1.26M |
|
|
12
KeyCorp
KEY
$23.4B
| $6.07M | 3.01% |
+550,000
| New | +$6.15M |
|
|
YCB
13
DELISTED
YOUR CMNTY BANKSHARES INC COM
YCB
| $5.92M | 2.93% |
188,983
-17,498
| -8% | -$567K |
|
14
PNC Financial Services
PNC
$96.6B
| $5.5M | 2.72% |
65,000
-10,724
| -14% | -$913K |
|
|
CHMI
15
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $5.31M | 2.63% |
375,000
+110,863
| +42% | +$1.52M |
|
|
BNCN
16
DELISTED
BNC Bancorp
BNCN
| $5.17M | 2.56% |
245,000
| – | – |
|
|
TSC
17
DELISTED
TriState Capital Holdings, Inc.
TSC
| $5.16M | 2.56% |
409,500
+159,500
| +64% | +$1.95M |
|
18
Dime Commercial Bancshares
DCOM
$1.79B
| $4.94M | 2.45% |
162,039
| – | – |
|
|
CMA.WS
19
DELISTED
Comerica Incorporated Ws
CMA.WS
| $4.8M | 2.38% |
360,000
+85,600
| +31% | +$932K |
|
|
PFC
20
DELISTED
Premier Financial Corp. Common Stock
PFC
| $4.54M | 2.25% |
236,272
| – | – |
|
21
US Bancorp
USB
$97.3B
| $4.52M | 2.24% |
111,250
| – | – |
|
|
MBVT
22
DELISTED
Merchants Bancshares Inc
MBVT
| $4.46M | 2.21% |
149,804
+667
| +0.4% | +$19.4K |
|
|
EVBN
23
DELISTED
Evans Bancorp Inc
EVBN
| $4.39M | 2.18% |
180,000
-135,345
| -43% | -$3.35M |
|
|
IBTX
24
DELISTED
Independent Bank Group, Inc.
IBTX
| $4.26M | 2.11% |
155,575
+1,041
| +0.7% | +$30.3K |
|
|
OLBK
25
DELISTED
Old Line Bancshares, Inc.
OLBK
| $4.21M | 2.08% |
233,320
-24,362
| -9% | -$434K |
|
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Castine Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Castine Capital Management held 51 positions worth $202M, down 7.3% from $218M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Castine Capital Management withdrew a net $8.38M in Q1 2016, closing 10 positions and reducing 6 holdings. Its most notable exit was LAPORTE BANCORP INC MD COM STK, an estimated $7.34M position sold in full.
By sector, the portfolio is most concentrated in Financials at 87% of assets, up from 81% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Castine Capital Management opened a new position in Yadkin Financial Corporation worth $9.35M.
- Castine Capital Management's largest Q1 2016 buy was Yadkin Financial Corporation: 395,080 shares worth $9.35M.
- Castine Capital Management added most to First Bancorp in Q1 2016, an estimated $5.49M increase.
- Castine Capital Management's biggest Q1 2016 reduction was Evans Bancorp Inc, cutting an estimated $3.35M.
- Castine Capital Management fully exited LAPORTE BANCORP INC MD COM STK in Q1 2016, selling an estimated $7.34M.
- Castine Capital Management's ten largest holdings make up 42% of its $202M portfolio in Q1 2016.
- Castine Capital Management opened 5 new positions and closed 10 in Q1 2016.
- Castine Capital Management's portfolio value fell 7.3% quarter-over-quarter to $202M.
Based on Castine Capital Management's 13F filing for Q1 2016, filed 16 May 2016.