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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
+4.84%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$294M
AUM Growth
+$23.3M
(+8.6%)
Cap. Flow
+$13M
Cap. Flow
% of AUM
4.41%
Top 10 Holdings %
Top 10 Hldgs %
42.8%
Holding
38
New
4
Increased
19
Reduced
11
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CATC
CAMBRIDGE BANCORP
CATC
|
+$10.8M |
| 2 |
STL
Sterling Bancorp
STL
|
+$9.01M |
| 3 |
First Interstate BancSystem
FIBK
|
+$8.16M |
| 4 |
Merchants Bancorp
MBIN
|
+$7.31M |
| 5 |
IBTX
Independent Bank Group, Inc.
IBTX
|
+$4.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AF
Astoria Financial Corporation
AF
|
+$8.62M |
| 2 |
FFKT
Farmers Capital Bank Corp
FFKT
|
+$5.06M |
| 3 |
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
|
+$4.92M |
| 4 |
EVBN
Evans Bancorp Inc
EVBN
|
+$4.6M |
| 5 |
VBTX
Veritex Holdings
VBTX
|
+$2.02M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| 2 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
KeyCorp
KEY
$23.4B
| $15.6M | 5.3% |
773,061
-18,503
| -2% | -$349K |
|
|
STL
2
DELISTED
Sterling Bancorp
STL
| $13.3M | 4.52% |
541,165
+363,946
| +205% | +$9.01M |
|
3
Ameris Bancorp
ABCB
$5.74B
| $13.3M | 4.51% |
275,083
+6,551
| +2% | +$317K |
|
|
IBTX
4
DELISTED
Independent Bank Group, Inc.
IBTX
| $13M | 4.4% |
191,671
+70,133
| +58% | +$4.53M |
|
5
Bank of N.T. Butterfield & Son
NTB
$2.33B
| $12.8M | 4.36% |
353,412
+8,412
| +2% | +$313K |
|
6
QCR Holdings
QCRH
$1.65B
| $12.3M | 4.18% |
287,319
+6,840
| +2% | +$312K |
|
|
FBMS
7
DELISTED
The First Bancshares, Inc.
FBMS
| $12.2M | 4.15% |
357,336
+34,622
| +11% | +$1.1M |
|
|
ESXB
8
DELISTED
Community Bankers Trust Corporation
ESXB
| $11.8M | 4.01% |
1,449,097
-79,468
| -5% | -$686K |
|
|
CATC
9
DELISTED
CAMBRIDGE BANCORP
CATC
| $11.4M | 3.88% |
+142,926
| New | +$10.8M |
|
10
PNC Financial Services
PNC
$96.6B
| $10.2M | 3.48% |
71,032
+1,691
| +2% | +$234K |
|
11
Citizens Financial Group
CFG
$29.4B
| $10.1M | 3.43% |
240,728
+5,728
| +2% | +$224K |
|
12
Western Alliance Bancorporation
WAL
$8.57B
| $10.1M | 3.42% |
177,897
+4,234
| +2% | +$236K |
|
13
First Merchants
FRME
$2.63B
| $9.27M | 3.15% |
220,334
-12,987
| -6% | -$555K |
|
|
CMA
14
DELISTED
Comerica
CMA
| $8.54M | 2.9% |
98,317
+2,340
| +2% | +$188K |
|
|
15
First Interstate BancSystem
FIBK
$3.53B
| $8.41M | 2.86% |
+210,000
| New | +$8.16M |
|
|
TCF
16
DELISTED
TCF Financial Corporation Common Stock
TCF
| $8.21M | 2.79% |
153,639
+3,639
| +2% | +$196K |
|
|
VBTX
17
DELISTED
Veritex Holdings
VBTX
| $7.93M | 2.7% |
287,591
-74,974
| -21% | -$2.02M |
|
18
Equity Bancshares
EQBK
$1.02B
| $7.9M | 2.68% |
223,132
+3,088
| +1% | +$107K |
|
19
Southern First Bancshares
SFST
$590M
| $7.83M | 2.66% |
189,849
+4,520
| +2% | +$180K |
|
|
20
Merchants Bancorp
MBIN
$2.45B
| $7.7M | 2.62% |
+586,551
| New | +$7.31M |
|
|
FFWM
21
DELISTED
First Foundation Inc
FFWM
| $7.49M | 2.54% |
403,906
+9,617
| +2% | +$178K |
|
22
Civista Bancshares
CIVB
$571M
| $7.25M | 2.47% |
329,735
-5,108
| -2% | -$114K |
|
|
OPB
23
DELISTED
Opus Bank Common Stock
OPB
| $7.16M | 2.43% |
262,080
-42,133
| -14% | -$1.09M |
|
24
Byline Bancorp
BY
$1.73B
| $7.02M | 2.39% |
305,685
+7,207
| +2% | +$150K |
|
|
TSC
25
DELISTED
TriState Capital Holdings, Inc.
TSC
| $6.98M | 2.37% |
303,511
+67,722
| +29% | +$1.57M |
|
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Castine Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Castine Capital Management held 38 positions worth $294M, up 8.6% from $271M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Castine Capital Management deployed $13M of net new capital in Q4 2017, opening 4 new positions and adding to 19 existing holdings. Its largest new stake was CAMBRIDGE BANCORP: 142,926 shares worth $11.4M.
By sector, the portfolio is most concentrated in Financials at 100% of assets, up from 97% a quarter earlier, followed by Consumer Discretionary.
On the sell side, the largest reduction was Farmers Capital Bank Corp, an estimated $5.06M trimmed.
- Castine Capital Management's largest Q4 2017 buy was CAMBRIDGE BANCORP: 142,926 shares worth $11.4M.
- Castine Capital Management added most to Sterling Bancorp in Q4 2017, an estimated $9.01M increase.
- Castine Capital Management's biggest Q4 2017 reduction was Farmers Capital Bank Corp, cutting an estimated $5.06M.
- Castine Capital Management fully exited Astoria Financial Corporation in Q4 2017, selling an estimated $8.62M.
- Castine Capital Management's ten largest holdings make up 43% of its $294M portfolio in Q4 2017.
- Castine Capital Management opened 4 new positions and closed 3 in Q4 2017.
- Castine Capital Management's portfolio value rose 8.6% quarter-over-quarter to $294M.
Based on Castine Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.