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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
+3.57%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$322M
AUM Growth
+$13.9M
(+4.5%)
Cap. Flow
+$5.05M
Cap. Flow
% of AUM
1.57%
Top 10 Holdings %
Top 10 Hldgs %
41.75%
Holding
45
New
8
Increased
21
Reduced
10
Closed
6
Avg Time Held
1.8
years
Top 10 Avg Time Held
1.3
years
Top 20 Avg Time Held
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UBNK
United Financial Bancorp, Inc.
UBNK
|
+$10.7M |
| 2 |
BayCom
BCML
|
+$7.31M |
| 3 |
Triumph Financial Inc
TFIN
|
+$4.24M |
| 4 |
MFNC
Mackinac Financial Corporation
MFNC
|
+$3.84M |
| 5 |
First Mid Bancshares
FMBH
|
+$3.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Interstate BancSystem
FIBK
|
+$7.32M |
| 2 |
PACW
PacWest Bancorp
PACW
|
+$7.06M |
| 3 |
First Foundation Inc
FFWM
|
+$5.67M |
| 4 |
Merchants Bancorp
MBIN
|
+$5.11M |
| 5 |
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
|
+$3.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
STL
1
DELISTED
Sterling Bancorp
STL
| $16.7M | 5.2% |
711,678
+76,777
| +12% | +$1.83M |
2017 Q1
5 quarters
|
|
|
ESXB
2
DELISTED
Community Bankers Trust Corporation
ESXB
| $15M | 4.67% |
1,678,984
-87,405
| -5% | -$799K |
2015 Q2
12 quarters
|
|
3
KeyCorp
KEY
$21.4B
| $14.1M | 4.39% |
723,010
+8,010
| +1% | +$160K |
2016 Q1
9 quarters
|
|
4
Bank of N.T. Butterfield & Son
NTB
$2.29B
| $14.1M | 4.39% |
308,668
+5,668
| +2% | +$268K |
2017 Q1
5 quarters
|
|
5
Ameris Bancorp
ABCB
$5.34B
| $14M | 4.36% |
263,133
+4,833
| +2% | +$264K |
2013 Q2
20 quarters
|
|
6
QCR Holdings
QCRH
$1.61B
| $13.1M | 4.07% |
276,165
-20,327
| -7% | -$959K |
2014 Q2
16 quarters
|
|
7
DELISTED
The First Bancshares, Inc.
FBMS
| $12.9M | 4.02% |
359,432
+9,195
| +3% | +$310K |
2016 Q4
6 quarters
|
|
8
Citizens Financial Group
CFG
$26.9B
| $11.9M | 3.7% |
306,146
+57,732
| +23% | +$2.4M |
2016 Q3
7 quarters
|
|
9
DELISTED
CAMBRIDGE BANCORP
CATC
| $11.4M | 3.56% |
132,212
-7,264
| -5% | -$628K |
2017 Q4
2 quarters
|
|
|
UBNK
10
DELISTED
United Financial Bancorp, Inc.
UBNK
| $10.9M | 3.4% |
+625,000
| New | +$10.7M |
2018 Q2
0 quarters
|
|
11
First Merchants
FRME
$2.48B
| $10.8M | 3.35% |
232,356
+4,988
| +2% | +$224K |
2013 Q2
20 quarters
|
|
12
Western Alliance Bancorporation
WAL
$8.18B
| $10.7M | 3.31% |
188,385
+4,808
| +3% | +$288K |
2016 Q2
8 quarters
|
|
13
DELISTED
Independent Bank Group, Inc.
IBTX
| $10.2M | 3.17% |
152,481
-45,245
| -23% | -$3.3M |
2013 Q2
20 quarters
|
|
|
TSC
14
DELISTED
TriState Capital Holdings, Inc.
TSC
| $9.93M | 3.09% |
380,469
+8,167
| +2% | +$207K |
2015 Q4
10 quarters
|
|
15
Civista Bancshares
CIVB
$558M
| $9.54M | 2.96% |
393,439
+8,439
| +2% | +$201K |
2015 Q4
10 quarters
|
|
16
DELISTED
Veritex Holdings
VBTX
| $9.42M | 2.93% |
303,288
+6,512
| +2% | +$195K |
2014 Q4
14 quarters
|
|
|
TCF
17
DELISTED
TCF Financial Corporation Common Stock
TCF
| $9.02M | 2.8% |
162,024
+3,479
| +2% | +$196K |
2017 Q3
3 quarters
|
|
18
DELISTED
Comerica
CMA
| $8.95M | 2.78% |
98,417
+2,118
| +2% | +$203K |
2016 Q3
7 quarters
|
|
19
Equity Bancshares
EQBK
$964M
| $8.3M | 2.58% |
200,000
-30,258
| -13% | -$1.22M |
2015 Q4
10 quarters
|
|
20
Southern First Bancshares
SFST
$564M
| $7.92M | 2.46% |
179,208
-16,702
| -9% | -$777K |
2014 Q4
14 quarters
|
|
|
21
BayCom
BCML
$337M
| $7.53M | 2.34% |
+304,374
| New | +$7.31M |
2018 Q2
0 quarters
|
|
22
First Bancorp
FBNC
$2.49B
| $7.51M | 2.33% |
183,653
+3,952
| +2% | +$157K |
2016 Q4
6 quarters
|
|
23
PNC Financial Services
PNC
$86.4B
| $7.43M | 2.31% |
55,000
-8,000
| -13% | -$1.17M |
2013 Q2
20 quarters
|
|
24
Byline Bancorp
BY
$1.67B
| $7.2M | 2.24% |
322,366
+6,921
| +2% | +$155K |
2017 Q2
4 quarters
|
|
25
DELISTED
Provident Bancorp
PVBC
| $6.75M | 2.1% |
520,490
+21,919
| +4% | +$268K |
2015 Q3
11 quarters
|
|
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Castine Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Castine Capital Management held 45 positions worth $322M, up 4.5% from $308M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Castine Capital Management's Q2 2018 filing shows 8 new, 21 increased, 10 reduced and 6 closed positions. Its largest new stake was United Financial Bancorp, Inc.: 625,000 shares worth $10.9M. The largest sale was First Interstate BancSystem, an estimated $7.32M.
By sector, the portfolio is most concentrated in Financials at 100% of assets, unchanged from a quarter earlier.
- Castine Capital Management's largest Q2 2018 buy was United Financial Bancorp, Inc.: 625,000 shares worth $10.9M.
- Castine Capital Management added most to Citizens Financial Group in Q2 2018, an estimated $2.4M increase.
- Castine Capital Management's biggest Q2 2018 reduction was Merchants Bancorp, cutting an estimated $5.11M.
- Castine Capital Management fully exited First Interstate BancSystem in Q2 2018, selling an estimated $7.32M.
- Castine Capital Management's ten largest holdings make up 42% of its $322M portfolio in Q2 2018.
- Castine Capital Management opened 8 new positions and closed 6 in Q2 2018.
- Castine Capital Management's portfolio value rose 4.5% quarter-over-quarter to $322M.
Based on Castine Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.