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
-1.17%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$336M
AUM Growth
+$14.5M
(+4.5%)
Cap. Flow
+$20.6M
Cap. Flow
% of AUM
6.13%
Top 10 Holdings %
Top 10 Hldgs %
42.63%
Holding
50
New
11
Increased
23
Reduced
9
Closed
6
Avg Time Held
1.7
years
Top 10 Avg Time Held
1.5
years
Top 20 Avg Time Held
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TriCo Bancshares
TCBK
|
+$8.66M |
| 2 |
IBKC
IBERIABANK Corp
IBKC
|
+$8.39M |
| 3 |
LCNB Corp
LCNB
|
+$6.25M |
| 4 |
PCSB
PCSB Financial Corporation
PCSB
|
+$5.06M |
| 5 |
Dime Community Bancshares
DCOM
|
+$4.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comerica
CMA
|
+$8.95M |
| 2 |
BayCom
BCML
|
+$7.53M |
| 3 |
ENFC
Entegra Financial Corp.
ENFC
|
+$4.4M |
| 4 |
Triumph Financial Inc
TFIN
|
+$4.28M |
| 5 |
MFNC
Mackinac Financial Corporation
MFNC
|
+$3.98M |
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
| $17.7M | 5.26% |
803,659
+91,981
| +13% | +$2.09M |
2017 Q1
6 quarters
|
|
2
Bank of N.T. Butterfield & Son
NTB
$2.28B
| $16.9M | 5.01% |
325,070
+16,402
| +5% | +$827K |
2017 Q1
6 quarters
|
|
3
Ameris Bancorp
ABCB
$5.24B
| $15.5M | 4.61% |
339,414
+76,281
| +29% | +$3.78M |
2013 Q2
21 quarters
|
|
|
ESXB
4
DELISTED
Community Bankers Trust Corporation
ESXB
| $15.5M | 4.61% |
1,759,855
+80,871
| +5% | +$745K |
2015 Q2
13 quarters
|
|
5
KeyCorp
KEY
$21.1B
| $15.3M | 4.54% |
767,932
+44,922
| +6% | +$933K |
2016 Q1
10 quarters
|
|
6
DELISTED
The First Bancshares, Inc.
FBMS
| $13.9M | 4.13% |
356,006
-3,426
| -1% | -$134K |
2016 Q4
7 quarters
|
|
7
Citizens Financial Group
CFG
$26.4B
| $13.7M | 4.06% |
353,984
+47,838
| +16% | +$1.93M |
2016 Q3
8 quarters
|
|
8
QCR Holdings
QCRH
$1.59B
| $11.8M | 3.52% |
289,390
+13,225
| +5% | +$589K |
2014 Q2
17 quarters
|
|
9
DELISTED
CAMBRIDGE BANCORP
CATC
| $11.8M | 3.51% |
131,243
-969
| -0.7% | -$87.1K |
2017 Q4
3 quarters
|
|
10
Western Alliance Bancorporation
WAL
$7.88B
| $11.4M | 3.38% |
199,635
+11,250
| +6% | +$648K |
2016 Q2
9 quarters
|
|
11
Civista Bancshares
CIVB
$550M
| $9.95M | 2.96% |
413,133
+19,694
| +5% | +$481K |
2015 Q4
11 quarters
|
|
12
First Merchants
FRME
$2.44B
| $9.78M | 2.91% |
217,258
-15,098
| -6% | -$719K |
2013 Q2
21 quarters
|
|
|
TCF
13
DELISTED
TCF Financial Corporation Common Stock
TCF
| $9.21M | 2.74% |
172,414
+10,390
| +6% | +$588K |
2017 Q3
4 quarters
|
|
|
14
TriCo Bancshares
TCBK
$1.62B
| $8.65M | 2.57% |
+223,888
| New | +$8.66M |
2018 Q3
0 quarters
|
|
|
UBNK
15
DELISTED
United Financial Bancorp, Inc.
UBNK
| $8.43M | 2.51% |
500,796
-124,204
| -20% | -$2.18M |
2018 Q2
1 quarter
|
|
16
Equity Bancshares
EQBK
$959M
| $8.27M | 2.46% |
210,758
+10,758
| +5% | +$444K |
2015 Q4
11 quarters
|
|
|
IBKC
17
DELISTED
IBERIABANK Corp
IBKC
| $8.21M | 2.44% |
+100,952
| New | +$8.39M |
2018 Q3
0 quarters
|
|
18
PNC Financial Services
PNC
$86.1B
| $7.98M | 2.37% |
58,578
+3,578
| +7% | +$509K |
2013 Q2
21 quarters
|
|
19
First Bancorp
FBNC
$2.45B
| $7.93M | 2.36% |
195,878
+12,225
| +7% | +$506K |
2016 Q4
7 quarters
|
|
20
Byline Bancorp
BY
$1.66B
| $7.79M | 2.32% |
343,039
+20,673
| +6% | +$475K |
2017 Q2
5 quarters
|
|
21
DELISTED
Independent Bank Group, Inc.
IBTX
| $7.72M | 2.3% |
116,419
-36,062
| -24% | -$2.46M |
2013 Q2
21 quarters
|
|
22
DELISTED
Provident Bancorp
PVBC
| $7.54M | 2.24% |
526,101
+5,611
| +1% | +$77.4K |
2015 Q3
12 quarters
|
|
|
TSC
23
DELISTED
TriState Capital Holdings, Inc.
TSC
| $7.29M | 2.17% |
264,238
-116,231
| -31% | -$3.32M |
2015 Q4
11 quarters
|
|
24
Southern First Bancshares
SFST
$561M
| $7.16M | 2.13% |
182,282
+3,074
| +2% | +$132K |
2014 Q4
15 quarters
|
|
25
Old Second Bancorp
OSBC
$1.25B
| $7.03M | 2.09% |
455,122
+64,175
| +16% | +$978K |
2018 Q1
2 quarters
|
|
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Castine Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Castine Capital Management held 50 positions worth $336M, up 4.5% from $322M the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Castine Capital Management deployed $20.6M of net new capital in Q3 2018, opening 11 new positions and adding to 23 existing holdings. Its largest new stake was TriCo Bancshares: 223,888 shares worth $8.65M.
By sector, the portfolio is most concentrated in Financials at 100% of assets, unchanged from a quarter earlier.
On the sell side, the largest reduction was Entegra Financial Corp., an estimated $4.4M trimmed.
- Castine Capital Management's largest Q3 2018 buy was TriCo Bancshares: 223,888 shares worth $8.65M.
- Castine Capital Management added most to Ameris Bancorp in Q3 2018, an estimated $3.78M increase.
- Castine Capital Management's biggest Q3 2018 reduction was Entegra Financial Corp., cutting an estimated $4.4M.
- Castine Capital Management fully exited Comerica in Q3 2018, selling an estimated $8.95M.
- Castine Capital Management's ten largest holdings make up 43% of its $336M portfolio in Q3 2018.
- Castine Capital Management opened 11 new positions and closed 6 in Q3 2018.
- Castine Capital Management's portfolio value rose 4.5% quarter-over-quarter to $336M.
Based on Castine Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.