We are live on
!
Find out more
CCM
Castine Capital Management Portfolio holdings
AUM
$129M
1-Year Est. Return
23.45%
This Fund
S&P 500
This Quarter
Est. Return
+5.08%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$271M
AUM Growth
+$48.6M
(+22%)
Cap. Flow
+$35.9M
Cap. Flow
% of AUM
13.26%
Top 10 Holdings %
Top 10 Hldgs %
42.57%
Holding
36
New
4
Increased
24
Reduced
6
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AF
Astoria Financial Corporation
AF
|
+$7.97M |
| 2 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$7.16M |
| 3 |
KeyCorp
KEY
|
+$5.13M |
| 4 |
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
|
+$4.37M |
| 5 |
OLBK
Old Line Bancshares, Inc.
OLBK
|
+$4.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STL
Sterling Bancorp
STL
|
+$7.03M |
| 2 |
GWB
Great Western Bancorp, Inc.
GWB
|
+$6.78M |
| 3 |
Community Bank
CBU
|
+$4.4M |
| 4 |
CMA
Comerica
CMA
|
+$2.37M |
| 5 |
ESXB
Community Bankers Trust Corporation
ESXB
|
+$1.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 96.82% |
| 2 | Consumer Discretionary | 3.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
KeyCorp
KEY
$23.4B
| $14.9M | 5.5% |
791,564
+283,280
| +56% | +$5.13M |
|
|
ESXB
2
DELISTED
Community Bankers Trust Corporation
ESXB
| $14.1M | 5.19% |
1,528,565
-159,433
| -9% | -$1.37M |
|
3
Ameris Bancorp
ABCB
$5.74B
| $12.9M | 4.76% |
268,532
+21,833
| +9% | +$991K |
|
4
QCR Holdings
QCRH
$1.65B
| $12.8M | 4.71% |
280,479
+24,896
| +10% | +$1.12M |
|
5
Bank of N.T. Butterfield & Son
NTB
$2.33B
| $12.6M | 4.67% |
345,000
+53,695
| +18% | +$1.83M |
|
6
First Merchants
FRME
$2.63B
| $10M | 3.7% |
233,321
-6,730
| -3% | -$268K |
|
|
VBTX
7
DELISTED
Veritex Holdings
VBTX
| $9.77M | 3.61% |
362,565
+26,213
| +8% | +$689K |
|
|
FBMS
8
DELISTED
The First Bancshares, Inc.
FBMS
| $9.73M | 3.59% |
322,714
+23,764
| +8% | +$665K |
|
9
PNC Financial Services
PNC
$96.6B
| $9.35M | 3.45% |
69,341
+8,383
| +14% | +$1.08M |
|
10
Western Alliance Bancorporation
WAL
$8.57B
| $9.22M | 3.4% |
173,663
+44,196
| +34% | +$2.17M |
|
11
Citizens Financial Group
CFG
$29.4B
| $8.9M | 3.28% |
235,000
+116,785
| +99% | +$4.09M |
|
|
AF
12
DELISTED
Astoria Financial Corporation
AF
| $8.62M | 3.18% |
+401,005
| New | +$7.97M |
|
|
PACW
13
DELISTED
PacWest Bancorp
PACW
| $8.42M | 3.11% |
166,680
+72,775
| +77% | +$3.4M |
|
|
TCF
14
DELISTED
TCF Financial Corporation Common Stock
TCF
| $7.84M | 2.89% |
+150,000
| New | +$7.16M |
|
15
Equity Bancshares
EQBK
$1.02B
| $7.83M | 2.89% |
220,044
+39,428
| +22% | +$1.34M |
|
16
First Bancorp
FBNC
$2.65B
| $7.76M | 2.87% |
225,662
+29,064
| +15% | +$912K |
|
17
Civista Bancshares
CIVB
$571M
| $7.48M | 2.76% |
334,843
+105,228
| +46% | +$2.17M |
|
|
IBTX
18
DELISTED
Independent Bank Group, Inc.
IBTX
| $7.33M | 2.7% |
121,538
+32,185
| +36% | +$1.87M |
|
|
CMA
19
DELISTED
Comerica
CMA
| $7.32M | 2.7% |
95,977
-33,079
| -26% | -$2.37M |
|
|
OPB
20
DELISTED
Opus Bank Common Stock
OPB
| $7.3M | 2.69% |
304,213
-22,150
| -7% | -$513K |
|
|
FFWM
21
DELISTED
First Foundation Inc
FFWM
| $7.05M | 2.6% |
394,289
+18,416
| +5% | +$312K |
|
|
ENFC
22
DELISTED
Entegra Financial Corp.
ENFC
| $6.84M | 2.53% |
274,308
+35,713
| +15% | +$830K |
|
|
SBNY
23
DELISTED
Signature Bank
SBNY
| $6.74M | 2.49% |
52,645
+22,891
| +77% | +$3.01M |
|
24
Southern First Bancshares
SFST
$590M
| $6.74M | 2.49% |
185,329
+16,377
| +10% | +$591K |
|
25
Byline Bancorp
BY
$1.73B
| $6.34M | 2.34% |
298,478
+75,703
| +34% | +$1.57M |
|
Similar funds
LM
CCM
GTP
VM
MCM
SCM
JT
BC
Castine Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Castine Capital Management held 36 positions worth $271M, up 22% from $222M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Castine Capital Management deployed $35.9M of net new capital in Q3 2017, opening 4 new positions and adding to 24 existing holdings. Its largest new stake was Astoria Financial Corporation: 401,005 shares worth $8.62M.
By sector, the portfolio is most concentrated in Financials at 97% of assets, down from 100% a quarter earlier, followed by Consumer Discretionary.
On the sell side, the largest reduction was Sterling Bancorp, an estimated $7.03M trimmed.
- Castine Capital Management's largest Q3 2017 buy was Astoria Financial Corporation: 401,005 shares worth $8.62M.
- Castine Capital Management added most to KeyCorp in Q3 2017, an estimated $5.13M increase.
- Castine Capital Management's biggest Q3 2017 reduction was Sterling Bancorp, cutting an estimated $7.03M.
- Castine Capital Management fully exited Great Western Bancorp, Inc. in Q3 2017, selling an estimated $6.78M.
- Castine Capital Management's ten largest holdings make up 43% of its $271M portfolio in Q3 2017.
- Castine Capital Management opened 4 new positions and closed 2 in Q3 2017.
- Castine Capital Management's portfolio value rose 22% quarter-over-quarter to $271M.
Based on Castine Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.