CASTINE CAPITAL MANAGEMENT, LLC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2020, never from the firm's own description.
Closest benchmark: the S&P SmallCap 600 as of 2020-06-30, active share 99.5%; sector active share 71.1% against the combined 13F book's sector weights.
Over time 2 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
17 tracked positions · as of Jun 30, 2020 · Δ vs Mar 31, 2020Portfolio Trend
Sector Breakdown
As of Jun 30, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 79.2% | $78,193,519 |
| Unclassified | 20.8% | $20,526,000 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| — | −678,393 | 1,378,593 | $7,582,000 | ||
| — | −584,262 | 789,000 | $0 | ||
| CNOB | ConnectOne Bancorp, Inc. | −249,692 | 556,861 | $8,976,598 | |
| — | −241,097 | 275,980 | $4,112,000 | ||
| CFG | Citizens Financial Group Inc | −235,897 | 464,103 | $11,713,959 | |
| ABCB | Ameris Bancorp | −225,410 | 386,148 | $9,109,230 | |
| — | −186,906 | 398,561 | $3,403,000 | ||
| QCRH | Qcr Holdings Inc | −103,783 | 310,592 | $9,684,258 | |
| BANC | Banc Of California, Inc. | −90,019 | 603,168 | $6,532,308 | |
| SFST | Southern First Bancshares Inc | −60,793 | 139,215 | $3,857,647 | |
| KRNY | Kearny Financial Corp. | −51,225 | 802,599 | $6,565,259 | |
| HTH | Hilltop Holdings Inc. | −43,365 | 335,996 | $6,199,125 | |
| CIVB | Civista Bancshares, Inc. | −39,767 | 326,155 | $5,022,786 | |
| — | −37,567 | 303,733 | $0 | ||
| FBNC | First Bancorp | −33,099 | 129,921 | $3,258,418 | |
| — | −21,259 | 371,891 | $5,429,000 | ||
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FBP | First Bancorp | 1,301,240 | $7,273,931 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 393,503 | $6,819,000 | ||
| WAL | Western Alliance Bancorporation | 150,000 | $4,591,499 | |
| OSBC | Old Second Bancorp Inc | 482,556 | $3,334,461 | |
| FMBH | First Mid Bancshares, Inc. | 116,624 | $2,768,653 | |
| — | 170,132 | $2,535,000 | ||
| — | 42,630 | $2,216,000 | ||
| EBMT | Eagle Bancorp Montana, Inc. | 126,238 | $2,046,317 | |
| HBT | HBT Financial, Inc. | 189,418 | $1,994,570 | |
| — | 139,888 | $1,923,000 | ||
| — | 142,822 | $1,369,000 | ||
| RIVE | Riverview Bancorp Inc | 186,922 | $1,209,000 | |
| PROV | Provident Financial Holdings Inc | 58,802 | $895,553 | |
| — | 32,220 | $770,000 | ||
| — | 38,888 | $438,000 | ||
| RVSB | Riverview Bancorp Inc | 72,074 | $361,090 | |
| RRBI | Red River Bancshares Inc | 6,746 | $251,085 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CFG |
Citizens Financial Group Inc
Financial Services
|
Reduced | 464,103 | $11,713,959 | 11.87% | |
| QCRH |
Qcr Holdings Inc
Financial Services
|
Reduced | 310,592 | $9,684,258 | 9.81% | |
| ABCB |
Ameris Bancorp
Financial Services
|
Reduced | 386,148 | $9,109,230 | 9.23% | |
| CNOB |
ConnectOne Bancorp, Inc.
Financial Services
|
Reduced | 556,861 | $8,976,598 | 9.09% | |
|
|
Reduced | 1,378,593 | $7,582,000 | 7.68% | ||
| FBP |
First Bancorp
Financial Services
|
NEW | 1,301,240 | $7,273,931 | 7.37% | |
| KRNY |
Kearny Financial Corp.
Financial Services
|
Reduced | 802,599 | $6,565,259 | 6.65% | |
| BANC |
Banc Of California, Inc.
Financial Services
|
Reduced | 603,168 | $6,532,308 | 6.62% | |
| HTH |
Hilltop Holdings Inc.
Financial Services
|
Reduced | 335,996 | $6,199,125 | 6.28% | |
|
|
Reduced | 371,891 | $5,429,000 | 5.50% | ||
| CIVB |
Civista Bancshares, Inc.
Financial Services
|
Reduced | 326,155 | $5,022,786 | 5.09% | |
|
|
Reduced | 275,980 | $4,112,000 | 4.17% | ||
| SFST |
Southern First Bancshares Inc
Financial Services
|
Reduced | 139,215 | $3,857,647 | 3.91% | |
|
|
Reduced | 398,561 | $3,403,000 | 3.45% | ||
| FBNC |
First Bancorp
Financial Services
|
Reduced | 129,921 | $3,258,418 | 3.30% | |
|
|
Reduced | 789,000 | $0 | 0.00% | ||
|
|
Reduced | 303,733 | $0 | 0.00% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.