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
+3.42%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$242M
AUM Growth
+$3.06M
(+1.3%)
Cap. Flow
-$2.13M
Cap. Flow
% of AUM
-0.88%
Top 10 Holdings %
Top 10 Hldgs %
45.17%
Holding
42
New
6
Increased
11
Reduced
15
Closed
8
Avg Time Held
1.6
years
Top 10 Avg Time Held
0.8
years
Top 20 Avg Time Held
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
STL
Sterling Bancorp
STL
|
+$10.7M |
| 2 |
Bank of N.T. Butterfield & Son
NTB
|
+$8.47M |
| 3 |
SGBK
Stonegate Bank
SGBK
|
+$5.44M |
| 4 |
Peoples Bancorp of North Carolina
PEBK
|
+$5.41M |
| 5 |
Equity Bancshares
EQBK
|
+$3.25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seacoast Banking Corp of Florida
SBCF
|
+$9.93M |
| 2 |
First Bancorp
FBP
|
+$5.95M |
| 3 |
Heritage Financial
HFWA
|
+$5.15M |
| 4 |
Comerica Incorporated Ws
CMA.WS
|
+$4.46M |
| 5 |
MidWestOne Financial Group
MOFG
|
+$4.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ESXB
1
DELISTED
Community Bankers Trust Corporation
ESXB
| $16.6M | 6.86% |
2,079,935
-33,195
| -2% | -$258K |
2015 Q2
7 quarters
|
|
2
Ameris Bancorp
ABCB
$5.24B
| $12.1M | 4.99% |
262,547
+48,175
| +22% | +$2.2M |
2013 Q2
15 quarters
|
|
3
QCR Holdings
QCRH
$1.59B
| $11.5M | 4.76% |
272,553
-25,170
| -8% | -$1.08M |
2014 Q2
11 quarters
|
|
|
MBVT
4
DELISTED
Merchants Bancshares Inc
MBVT
| $10.6M | 4.37% |
217,459
-741
| -0.3% | -$37.7K |
2013 Q2
15 quarters
|
|
|
STL
5
DELISTED
Sterling Bancorp
STL
| $10.5M | 4.35% |
+445,000
| New | +$10.7M |
2017 Q1
0 quarters
|
|
6
DELISTED
Veritex Holdings
VBTX
| $10.2M | 4.22% |
364,097
-30,766
| -8% | -$852K |
2014 Q4
9 quarters
|
|
7
First Merchants
FRME
$2.44B
| $10.2M | 4.22% |
260,000
-28,965
| -10% | -$1.13M |
2013 Q2
15 quarters
|
|
8
KeyCorp
KEY
$21.1B
| $9.78M | 4.03% |
550,000
-114,486
| -17% | -$2.1M |
2016 Q1
4 quarters
|
|
|
9
DELISTED
Comerica
CMA
| $9.57M | 3.95% |
139,580
+25,018
| +22% | +$1.75M |
2016 Q3
2 quarters
|
|
|
10
Bank of N.T. Butterfield & Son
NTB
$2.28B
| $8.3M | 3.42% |
+260,000
| New | +$8.47M |
2017 Q1
0 quarters
|
|
11
PNC Financial Services
PNC
$86.1B
| $7.94M | 3.27% |
66,000
+3,933
| +6% | +$482K |
2013 Q2
15 quarters
|
|
12
DELISTED
The First Bancshares, Inc.
FBMS
| $7.91M | 3.26% |
277,648
+18,927
| +7% | +$536K |
2016 Q4
1 quarter
|
|
|
TSC
13
DELISTED
TriState Capital Holdings, Inc.
TSC
| $7.71M | 3.18% |
330,000
-99,566
| -23% | -$2.28M |
2015 Q4
5 quarters
|
|
|
GWB
14
DELISTED
Great Western Bancorp, Inc.
GWB
| $7.63M | 3.15% |
179,835
-15,301
| -8% | -$659K |
2014 Q4
9 quarters
|
|
|
FFKT
15
DELISTED
Farmers Capital Bank Corp
FFKT
| $6.65M | 2.74% |
164,680
+5,317
| +3% | +$207K |
2016 Q1
4 quarters
|
|
|
PACW
16
DELISTED
PacWest Bancorp
PACW
| $6.39M | 2.64% |
120,000
-20,000
| -14% | -$1.1M |
2013 Q3
14 quarters
|
|
17
DELISTED
First Foundation Inc
FFWM
| $6.31M | 2.6% |
407,054
| – | – |
2015 Q3
6 quarters
|
|
18
DELISTED
Independent Bank Group, Inc.
IBTX
| $6.22M | 2.57% |
96,767
-8,233
| -8% | -$519K |
2013 Q2
15 quarters
|
|
|
19
Equity Bancshares
EQBK
$959M
| $6.2M | 2.55% |
195,000
+99,417
| +104% | +$3.25M |
2015 Q4
5 quarters
|
|
|
20
Peoples Bancorp of North Carolina
PEBK
$236M
| $5.94M | 2.45% |
+220,000
| New | +$5.41M |
2017 Q1
0 quarters
|
|
21
First Bancorp
FBNC
$2.45B
| $5.86M | 2.42% |
200,000
+68,144
| +52% | +$1.99M |
2016 Q4
1 quarter
|
|
|
SGBK
22
DELISTED
Stonegate Bank
SGBK
| $5.65M | 2.33% |
+120,000
| New | +$5.44M |
2017 Q1
0 quarters
|
|
|
ENFC
23
DELISTED
Entegra Financial Corp.
ENFC
| $5.56M | 2.29% |
235,000
+131,612
| +127% | +$2.95M |
2014 Q4
9 quarters
|
|
24
DELISTED
Evans Bancorp Inc
EVBN
| $5.52M | 2.28% |
143,745
-25,673
| -15% | -$968K |
2013 Q2
15 quarters
|
|
25
Civista Bancshares
CIVB
$550M
| $5.5M | 2.27% |
247,993
+47,993
| +24% | +$1.04M |
2015 Q4
5 quarters
|
|
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Castine Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Castine Capital Management held 42 positions worth $242M, up 1.3% from $239M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Castine Capital Management's Q1 2017 filing shows 6 new, 11 increased, 15 reduced and 8 closed positions. Its largest new stake was Sterling Bancorp: 445,000 shares worth $10.5M. The largest sale was Seacoast Banking Corp of Florida, an estimated $9.93M.
By sector, the portfolio is most concentrated in Financials at 100% of assets, up from 98% a quarter earlier.
- Castine Capital Management's largest Q1 2017 buy was Sterling Bancorp: 445,000 shares worth $10.5M.
- Castine Capital Management added most to Equity Bancshares in Q1 2017, an estimated $3.25M increase.
- Castine Capital Management's biggest Q1 2017 reduction was TriState Capital Holdings, Inc., cutting an estimated $2.28M.
- Castine Capital Management fully exited Seacoast Banking Corp of Florida in Q1 2017, selling an estimated $9.93M.
- Castine Capital Management's ten largest holdings make up 45% of its $242M portfolio in Q1 2017.
- Castine Capital Management opened 6 new positions and closed 8 in Q1 2017.
- Castine Capital Management's portfolio value rose 1.3% quarter-over-quarter to $242M.
Based on Castine Capital Management's 13F filing for Q1 2017, filed 15 May 2017.