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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
+11.3%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$201M
AUM Growth
-$7.16M
(-3.4%)
Cap. Flow
-$26.7M
Cap. Flow
% of AUM
-13.26%
Top 10 Holdings %
Top 10 Hldgs %
48.37%
Holding
44
New
5
Increased
2
Reduced
29
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMA
Comerica
CMA
|
+$5.19M |
| 2 |
UBNK
United Financial Bancorp, Inc.
UBNK
|
+$4.72M |
| 3 |
MBVT
Merchants Bancshares Inc
MBVT
|
+$3.24M |
| 4 |
Zions Bancorporation
ZION
|
+$3.22M |
| 5 |
Citizens Financial Group
CFG
|
+$2.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TLMR
TALMER BANCORP INC (MI)
TLMR
|
+$7.86M |
| 2 |
YCB
YOUR CMNTY BANKSHARES INC COM
YCB
|
+$6.69M |
| 3 |
QCR Holdings
QCRH
|
+$5.77M |
| 4 |
Dime Commercial Bancshares
DCOM
|
+$4.6M |
| 5 |
US Bancorp
USB
|
+$4.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 97.81% |
| 2 | Miscellaneous | 2.19% |
| 3 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
QCR Holdings
QCRH
$1.65B
| $16.1M | 7.99% |
506,619
-193,381
| -28% | -$5.77M |
|
|
MBVT
2
DELISTED
Merchants Bancshares Inc
MBVT
| $12.4M | 6.17% |
383,655
+100,293
| +35% | +$3.24M |
|
|
YDKN
3
DELISTED
Yadkin Financial Corporation
YDKN
| $10.2M | 5.07% |
388,080
-7,000
| -2% | -$180K |
|
|
ESXB
4
DELISTED
Community Bankers Trust Corporation
ESXB
| $9.59M | 4.77% |
1,770,339
+170,339
| +11% | +$901K |
|
5
Ameris Bancorp
ABCB
$5.74B
| $8.87M | 4.41% |
253,703
-55,911
| -18% | -$1.86M |
|
|
PACW
6
DELISTED
PacWest Bancorp
PACW
| $8.61M | 4.28% |
200,664
-9,336
| -4% | -$389K |
|
7
KeyCorp
KEY
$23.4B
| $8.09M | 4.02% |
664,486
-35,514
| -5% | -$425K |
|
8
First Bancorp
FBP
$4.28B
| $7.98M | 3.97% |
1,535,000
-51,000
| -3% | -$236K |
|
9
Seacoast Banking Corp of Florida
SBCF
$3.33B
| $7.76M | 3.85% |
482,136
-22,237
| -4% | -$365K |
|
10
First Merchants
FRME
$2.63B
| $7.73M | 3.84% |
288,965
-13,601
| -4% | -$359K |
|
|
GWB
11
DELISTED
Great Western Bancorp, Inc.
GWB
| $7.5M | 3.73% |
225,136
-9,864
| -4% | -$326K |
|
|
TSC
12
DELISTED
TriState Capital Holdings, Inc.
TSC
| $6.94M | 3.45% |
429,566
-20,434
| -5% | -$303K |
|
|
BNCN
13
DELISTED
BNC Bancorp
BNCN
| $5.63M | 2.8% |
231,436
-13,564
| -6% | -$327K |
|
|
IBTX
14
DELISTED
Independent Bank Group, Inc.
IBTX
| $5.6M | 2.78% |
126,787
-3,213
| -2% | -$138K |
|
15
PNC Financial Services
PNC
$96.6B
| $5.59M | 2.78% |
62,067
-2,933
| -5% | -$252K |
|
|
CMA
16
DELISTED
Comerica
CMA
| $5.42M | 2.69% |
+114,562
| New | +$5.19M |
|
|
UBNK
17
DELISTED
United Financial Bancorp, Inc.
UBNK
| $4.84M | 2.41% |
+350,000
| New | +$4.72M |
|
|
FFKT
18
DELISTED
Farmers Capital Bank Corp
FFKT
| $4.72M | 2.35% |
159,363
-7,326
| -4% | -$216K |
|
|
EVBN
19
DELISTED
Evans Bancorp Inc
EVBN
| $4.71M | 2.34% |
172,018
-7,982
| -4% | -$209K |
|
20
Mercantile Bank Corp
MBWM
$1.04B
| $4.62M | 2.29% |
171,907
-8,093
| -4% | -$210K |
|
|
CMA.WS
21
DELISTED
Comerica Incorporated Ws
CMA.WS
| $4.4M | 2.19% |
239,800
-108,940
| -31% | -$1.82M |
|
|
FFWM
22
DELISTED
First Foundation Inc
FFWM
| $3.91M | 1.94% |
317,332
-14,944
| -4% | -$178K |
|
|
NCOM
23
DELISTED
National Commerce Corporation
NCOM
| $3.62M | 1.8% |
133,664
-6,290
| -4% | -$162K |
|
|
24
Zions Bancorporation
ZION
$9.89B
| $3.52M | 1.75% |
+113,449
| New | +$3.22M |
|
25
Western Alliance Bancorporation
WAL
$8.57B
| $3.47M | 1.72% |
92,380
-7,620
| -8% | -$271K |
|
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Castine Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Castine Capital Management held 44 positions worth $201M, down 3.4% from $208M the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Castine Capital Management withdrew a net $26.7M in Q3 2016, closing 7 positions and reducing 29 holdings. Its most notable exit was TALMER BANCORP INC (MI), an estimated $7.86M position sold in full.
By sector, the portfolio is most concentrated in Financials at 98% of assets, up from 90% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Castine Capital Management opened a new position in Comerica worth $5.42M.
- Castine Capital Management's largest Q3 2016 buy was Comerica: 114,562 shares worth $5.42M.
- Castine Capital Management added most to Merchants Bancshares Inc in Q3 2016, an estimated $3.24M increase.
- Castine Capital Management's biggest Q3 2016 reduction was QCR Holdings, cutting an estimated $5.77M.
- Castine Capital Management fully exited TALMER BANCORP INC (MI) in Q3 2016, selling an estimated $7.86M.
- Castine Capital Management's ten largest holdings make up 48% of its $201M portfolio in Q3 2016.
- Castine Capital Management opened 5 new positions and closed 7 in Q3 2016.
- Castine Capital Management's portfolio value fell 3.4% quarter-over-quarter to $201M.
Based on Castine Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.