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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
-40.21%
1 Year Est. Return
-23.45%
3 Year Est. Return
-13.92%
5 Year Est. Return
+51.62%
10 Year Est. Return
–
AUM
$183M
AUM Growth
-$213M
(-54%)
Cap. Flow
-$80.4M
Cap. Flow
% of AUM
-43.97%
Top 10 Holdings %
Top 10 Hldgs %
56.79%
Holding
50
New
7
Increased
10
Reduced
19
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Center Bancorp
CNOB
|
+$12.1M |
| 2 |
Kearny Financial
KRNY
|
+$9.84M |
| 3 |
STL
Sterling Bancorp
STL
|
+$8.31M |
| 4 |
Hilltop Holdings
HTH
|
+$8.03M |
| 5 |
Citizens Financial Group
CFG
|
+$6.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hancock Whitney
HWC
|
+$16.9M |
| 2 |
Zions Bancorporation
ZION
|
+$13.5M |
| 3 |
PBCT
People's United Financial Inc
PBCT
|
+$11.9M |
| 4 |
SNV
Synovus
SNV
|
+$11.8M |
| 5 |
PNC Financial Services
PNC
|
+$9.77M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Ameris Bancorp
ABCB
$5.74B
| $14.5M | 7.95% |
611,558
+76,851
| +14% | +$2.74M |
|
|
STL
2
DELISTED
Sterling Bancorp
STL
| $14.4M | 7.85% |
1,373,262
+481,764
| +54% | +$8.31M |
|
|
3
Citizens Financial Group
CFG
$29.4B
| $13.2M | 7.2% |
700,000
+196,040
| +39% | +$6.4M |
|
4
QCR Holdings
QCRH
$1.65B
| $11.2M | 6.13% |
414,375
-23,098
| -5% | -$879K |
|
|
5
Center Bancorp
CNOB
$1.6B
| $10.8M | 5.93% |
806,553
+573,098
| +245% | +$12.1M |
|
|
ESXB
6
DELISTED
Community Bankers Trust Corporation
ESXB
| $9.98M | 5.46% |
2,056,986
+176,371
| +9% | +$1.4M |
|
|
TCF
7
DELISTED
TCF Financial Corporation Common Stock
TCF
| $7.73M | 4.23% |
341,300
-214,358
| -39% | -$8.05M |
|
8
Northeast Bank
NBN
$1.11B
| $7.61M | 4.16% |
652,437
-232,098
| -26% | -$4.21M |
|
|
9
Kearny Financial
KRNY
$638M
| $7.33M | 4.01% |
+853,824
| New | +$9.84M |
|
|
HMNF
10
DELISTED
HMN Financial Inc
HMNF
| $7.08M | 3.87% |
393,150
+70,010
| +22% | +$1.38M |
|
|
OPB
11
DELISTED
Opus Bank Common Stock
OPB
| $6.82M | 3.73% |
393,503
-216,134
| -35% | -$5.04M |
|
|
CALB
12
DELISTED
California BanCorp Common Stock
CALB
| $6.05M | 3.31% |
+517,077
| New | +$6.18M |
|
|
13
Hilltop Holdings
HTH
$2.21B
| $5.74M | 3.14% |
+379,361
| New | +$8.03M |
|
14
Southern First Bancshares
SFST
$590M
| $5.67M | 3.1% |
200,008
-51,767
| -21% | -$1.93M |
|
15
Banc of California
BANC
$2.95B
| $5.54M | 3.03% |
693,187
+24,784
| +4% | +$364K |
|
16
Civista Bancshares
CIVB
$571M
| $5.47M | 2.99% |
365,922
-176,417
| -33% | -$3.55M |
|
|
FBMS
17
DELISTED
The First Bancshares, Inc.
FBMS
| $4.85M | 2.65% |
254,252
-41,814
| -14% | -$1.25M |
|
18
Western Alliance Bancorporation
WAL
$8.57B
| $4.59M | 2.51% |
150,000
-172,639
| -54% | -$8.25M |
|
|
HONE
19
DELISTED
HarborOne Bancorp
HONE
| $4.41M | 2.41% |
+585,467
| New | +$5.87M |
|
20
First Bancorp
FBNC
$2.65B
| $3.76M | 2.06% |
163,020
-33,722
| -17% | -$1.1M |
|
21
Old Second Bancorp
OSBC
$1.28B
| $3.33M | 1.82% |
482,556
-235,049
| -33% | -$2.59M |
|
|
PFHD
22
DELISTED
Professional Holding Corp. Class A Common stock
PFHD
| $2.95M | 1.61% |
+185,000
| New | +$3.31M |
|
23
First Mid Bancshares
FMBH
$1.34B
| $2.77M | 1.51% |
116,624
-45,929
| -28% | -$1.38M |
|
|
PBBI
24
DELISTED
PB Bancorp, Inc. Common Stock
PBBI
| $2.54M | 1.39% |
170,132
-37,215
| -18% | -$557K |
|
|
CATC
25
DELISTED
CAMBRIDGE BANCORP
CATC
| $2.22M | 1.21% |
42,630
-63,600
| -60% | -$4.33M |
|
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Castine Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Castine Capital Management held 50 positions worth $183M, down 54% from $396M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Castine Capital Management withdrew a net $80.4M in Q1 2020, closing 14 positions and reducing 19 holdings. Its most notable exit was Hancock Whitney, an estimated $16.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 100% of assets, unchanged from a quarter earlier.
Against the trend, Castine Capital Management opened a new position in Kearny Financial worth $7.33M.
- Castine Capital Management's largest Q1 2020 buy was Kearny Financial: 853,824 shares worth $7.33M.
- Castine Capital Management added most to Center Bancorp in Q1 2020, an estimated $12.1M increase.
- Castine Capital Management's biggest Q1 2020 reduction was Western Alliance Bancorporation, cutting an estimated $8.25M.
- Castine Capital Management fully exited Hancock Whitney in Q1 2020, selling an estimated $16.9M.
- Castine Capital Management's ten largest holdings make up 57% of its $183M portfolio in Q1 2020.
- Castine Capital Management opened 7 new positions and closed 14 in Q1 2020.
- Castine Capital Management's portfolio value fell 54% quarter-over-quarter to $183M.
Based on Castine Capital Management's 13F filing for Q1 2020, filed 14 May 2020.