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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
+8.07%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$323M
AUM Growth
+$30.1M
(+10%)
Cap. Flow
+$12.6M
Cap. Flow
% of AUM
3.91%
Top 10 Holdings %
Top 10 Hldgs %
44.81%
Holding
48
New
10
Increased
21
Reduced
6
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Northeast Bank
NBN
|
+$12.7M |
| 2 |
UBNK
United Financial Bancorp, Inc.
UBNK
|
+$11.7M |
| 3 |
TCF
TCF Financial Corporation
TCF
|
+$10M |
| 4 |
SNV
Synovus
SNV
|
+$9.04M |
| 5 |
Zions Bancorporation
ZION
|
+$8.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LION
Fidelity Southern Corporation
LION
|
+$10.2M |
| 2 |
STL
Sterling Bancorp
STL
|
+$8.62M |
| 3 |
TriCo Bancshares
TCBK
|
+$7.92M |
| 4 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$6.99M |
| 5 |
KeyCorp
KEY
|
+$5.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UBNK
1
DELISTED
United Financial Bancorp, Inc.
UBNK
| $25.1M | 7.76% |
1,746,000
+772,038
| +79% | +$11.7M |
|
|
LION
2
DELISTED
Fidelity Southern Corporation
LION
| $16.3M | 5.06% |
595,870
-343,553
| -37% | -$10.2M |
|
|
ESXB
3
DELISTED
Community Bankers Trust Corporation
ESXB
| $15.1M | 4.69% |
2,067,477
+85,165
| +4% | +$654K |
|
|
STL
4
DELISTED
Sterling Bancorp
STL
| $14.8M | 4.59% |
795,203
-450,797
| -36% | -$8.62M |
|
|
5
Northeast Bank
NBN
$1.11B
| $13.4M | 4.14% |
+645,681
| New | +$12.7M |
|
6
Citizens Financial Group
CFG
$29.4B
| $13.2M | 4.1% |
406,883
+6,883
| +2% | +$239K |
|
|
IBKC
7
DELISTED
IBERIABANK Corp
IBKC
| $12M | 3.73% |
167,839
+2,839
| +2% | +$211K |
|
8
Western Alliance Bancorporation
WAL
$8.57B
| $11.9M | 3.69% |
290,077
+4,907
| +2% | +$216K |
|
9
Civista Bancshares
CIVB
$571M
| $11.4M | 3.53% |
522,092
+8,832
| +2% | +$175K |
|
10
QCR Holdings
QCRH
$1.65B
| $11.4M | 3.53% |
335,646
+5,686
| +2% | +$196K |
|
|
CATC
11
DELISTED
CAMBRIDGE BANCORP
CATC
| $11.2M | 3.47% |
135,358
+2,066
| +2% | +$165K |
|
12
Bank of America
BAC
$436B
| $9.7M | 3.01% |
351,597
-113,403
| -24% | -$3.2M |
|
|
TCF
13
DELISTED
TCF Financial Corporation
TCF
| $9.52M | 2.95% |
+460,000
| New | +$10M |
|
|
PCSB
14
DELISTED
PCSB Financial Corporation
PCSB
| $9.06M | 2.81% |
463,120
+36,819
| +9% | +$739K |
|
|
FBMS
15
DELISTED
The First Bancshares, Inc.
FBMS
| $8.73M | 2.7% |
282,445
-90,598
| -24% | -$2.86M |
|
|
SNV
16
DELISTED
Synovus
SNV
| $8.46M | 2.62% |
+246,319
| New | +$9.04M |
|
|
DNBF
17
DELISTED
DNB Financial Corp
DNBF
| $8.43M | 2.61% |
223,055
+50,986
| +30% | +$1.84M |
|
18
First Merchants
FRME
$2.63B
| $8.03M | 2.49% |
217,870
+3,685
| +2% | +$141K |
|
|
19
Zions Bancorporation
ZION
$9.89B
| $7.63M | 2.36% |
+167,945
| New | +$8.01M |
|
20
PNC Financial Services
PNC
$96.6B
| $7.45M | 2.31% |
60,770
+1,028
| +2% | +$127K |
|
21
First Bancorp
FBNC
$2.65B
| $6.99M | 2.17% |
201,095
+3,402
| +2% | +$125K |
|
|
22
KeyCorp
KEY
$23.4B
| $6.72M | 2.08% |
426,924
-333,378
| -44% | -$5.56M |
|
23
LCNB Corp
LCNB
$277M
| $6.56M | 2.03% |
382,687
+6,474
| +2% | +$108K |
|
24
Southern First Bancshares
SFST
$590M
| $6.42M | 1.99% |
189,682
+3,209
| +2% | +$115K |
|
|
PVBC
25
DELISTED
Provident Bancorp
PVBC
| $6.03M | 1.87% |
538,219
+9,499
| +2% | +$107K |
|
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Castine Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Castine Capital Management held 48 positions worth $323M, up 10% from $293M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Castine Capital Management deployed $12.6M of net new capital in Q1 2019, opening 10 new positions and adding to 21 existing holdings. Its largest new stake was Northeast Bank: 645,681 shares worth $13.4M.
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 Fidelity Southern Corporation, an estimated $10.2M trimmed.
- Castine Capital Management's largest Q1 2019 buy was Northeast Bank: 645,681 shares worth $13.4M.
- Castine Capital Management added most to United Financial Bancorp, Inc. in Q1 2019, an estimated $11.7M increase.
- Castine Capital Management's biggest Q1 2019 reduction was Fidelity Southern Corporation, cutting an estimated $10.2M.
- Castine Capital Management fully exited TriCo Bancshares in Q1 2019, selling an estimated $7.92M.
- Castine Capital Management's ten largest holdings make up 45% of its $323M portfolio in Q1 2019.
- Castine Capital Management opened 10 new positions and closed 9 in Q1 2019.
- Castine Capital Management's portfolio value rose 10% quarter-over-quarter to $323M.
Based on Castine Capital Management's 13F filing for Q1 2019, filed 14 May 2019.