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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
+7.85%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$386M
AUM Growth
+$63.5M
(+20%)
Cap. Flow
+$40.2M
Cap. Flow
% of AUM
10.4%
Top 10 Holdings %
Top 10 Hldgs %
48.55%
Holding
46
New
7
Increased
23
Reduced
8
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TCF
TCF Financial Corporation Common Stock
TCF
|
+$20.3M |
| 2 |
Hancock Whitney
HWC
|
+$8.7M |
| 3 |
OPB
Opus Bank Common Stock
OPB
|
+$6.78M |
| 4 |
MainStreet Bancshares
MNSB
|
+$5.07M |
| 5 |
Northeast Bank
NBN
|
+$4.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$9.7M |
| 2 |
TCF
TCF Financial Corporation
TCF
|
+$9.52M |
| 3 |
KeyCorp
KEY
|
+$6.72M |
| 4 |
LCNB Corp
LCNB
|
+$6.56M |
| 5 |
Hilltop Holdings
HTH
|
+$5.93M |
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
| $27.2M | 7.03% |
1,914,882
+168,882
| +10% | +$2.31M |
|
|
2
Northeast Bank
NBN
$1.11B
| $24.3M | 6.28% |
879,790
+234,109
| +36% | +$4.95M |
|
|
TCF
3
DELISTED
TCF Financial Corporation Common Stock
TCF
| $20.1M | 5.22% |
+490,000
| New | +$20.3M |
|
|
LION
4
DELISTED
Fidelity Southern Corporation
LION
| $18.5M | 4.8% |
598,670
+2,800
| +0.5% | +$81.7K |
|
|
STL
5
DELISTED
Sterling Bancorp
STL
| $18.1M | 4.69% |
850,683
+55,480
| +7% | +$1.14M |
|
|
ESXB
6
DELISTED
Community Bankers Trust Corporation
ESXB
| $17.5M | 4.53% |
2,063,765
-3,712
| -0.2% | -$28.1K |
|
7
Citizens Financial Group
CFG
$29.4B
| $16.8M | 4.36% |
476,280
+69,397
| +17% | +$2.42M |
|
8
Western Alliance Bancorporation
WAL
$8.57B
| $15.4M | 3.99% |
344,862
+54,785
| +19% | +$2.45M |
|
9
QCR Holdings
QCRH
$1.65B
| $15.3M | 3.96% |
438,764
+103,118
| +31% | +$3.51M |
|
|
10
Hancock Whitney
HWC
$6.02B
| $14.3M | 3.7% |
356,242
+211,242
| +146% | +$8.7M |
|
|
IBKC
11
DELISTED
IBERIABANK Corp
IBKC
| $13.5M | 3.5% |
178,056
+10,217
| +6% | +$776K |
|
|
OPB
12
DELISTED
Opus Bank Common Stock
OPB
| $12.9M | 3.33% |
609,221
+321,445
| +112% | +$6.78M |
|
13
Civista Bancshares
CIVB
$571M
| $11.8M | 3.05% |
524,817
+2,725
| +0.5% | +$60K |
|
|
PCSB
14
DELISTED
PCSB Financial Corporation
PCSB
| $11.2M | 2.9% |
553,477
+90,357
| +20% | +$1.75M |
|
|
CATC
15
DELISTED
CAMBRIDGE BANCORP
CATC
| $10.7M | 2.78% |
131,548
-3,810
| -3% | -$314K |
|
|
DNBF
16
DELISTED
DNB Financial Corp
DNBF
| $9.74M | 2.52% |
219,042
-4,013
| -2% | -$165K |
|
17
Southern First Bancshares
SFST
$590M
| $9.61M | 2.49% |
245,404
+55,722
| +29% | +$2.02M |
|
18
Zions Bancorporation
ZION
$9.89B
| $9.53M | 2.47% |
207,176
+39,231
| +23% | +$1.81M |
|
|
CSFL
19
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $9.33M | 2.41% |
404,977
+208,504
| +106% | +$4.89M |
|
|
SNV
20
DELISTED
Synovus
SNV
| $9.15M | 2.37% |
261,344
+15,025
| +6% | +$522K |
|
|
EBSB
21
DELISTED
Meridian Bancorp, Inc.
EBSB
| $8.53M | 2.21% |
476,862
+145,862
| +44% | +$2.49M |
|
|
FBMS
22
DELISTED
The First Bancshares, Inc.
FBMS
| $8.35M | 2.16% |
275,319
-7,126
| -3% | -$218K |
|
23
Old Second Bancorp
OSBC
$1.28B
| $8.14M | 2.11% |
637,098
+164,990
| +35% | +$2.12M |
|
24
PNC Financial Services
PNC
$96.6B
| $8.13M | 2.11% |
59,236
-1,534
| -3% | -$203K |
|
25
First Merchants
FRME
$2.63B
| $8.13M | 2.11% |
214,531
-3,339
| -2% | -$122K |
|
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Castine Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Castine Capital Management held 46 positions worth $386M, up 20% from $323M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Castine Capital Management deployed $40.2M of net new capital in Q2 2019, opening 7 new positions and adding to 23 existing holdings. Its largest new stake was TCF Financial Corporation Common Stock: 490,000 shares worth $20.1M.
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 First Bancorp, an estimated $355K trimmed.
- Castine Capital Management's largest Q2 2019 buy was TCF Financial Corporation Common Stock: 490,000 shares worth $20.1M.
- Castine Capital Management added most to Hancock Whitney in Q2 2019, an estimated $8.7M increase.
- Castine Capital Management's biggest Q2 2019 reduction was First Bancorp, cutting an estimated $355K.
- Castine Capital Management fully exited Bank of America in Q2 2019, selling an estimated $9.7M.
- Castine Capital Management's ten largest holdings make up 49% of its $386M portfolio in Q2 2019.
- Castine Capital Management opened 7 new positions and closed 8 in Q2 2019.
- Castine Capital Management's portfolio value rose 20% quarter-over-quarter to $386M.
Based on Castine Capital Management's 13F filing for Q2 2019, filed 13 Aug 2019.