# CASTINE CAPITAL MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q2 2020 on Form 13F. CIK 1377929. Source: https://holderbook.com/funds/1377929-castine-capital-management-llc/

- Reported value: $129.4M
- Positions: 19
- Weight of the ten largest: 66.8%
- Filed: 2020-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $11.7M | 464,103 | 9.1% | 7 |
| QCR HLDGS INC | [QCRH](https://holderbook.com/stocks/QCRH/) | $9.7M | 310,592 | 7.5% | 7 |
| STERLING BANCORP DEL | [STL](https://holderbook.com/stocks/STL/) | $9.2M | 789,000 | 7.1% | 7 |
| AMERIS BANCORP | [ABCB](https://holderbook.com/stocks/ABCB/) | $9.1M | 386,148 | 7.0% | 7 |
| CONNECTONE BANCORP INC | [CNOB](https://holderbook.com/stocks/CNOB/) | $9.0M | 556,861 | 6.9% | 4 |
| TCF FINANCIAL CORPORATION NE | [TCF](https://holderbook.com/stocks/TCF/) | $8.9M | 303,733 | 6.9% | 4 |
| COMMUNITY BANKERS TR CORP | [ESXB](https://holderbook.com/stocks/ESXB/) | $7.6M | 1,378,593 | 5.9% | 7 |
| NORTHEAST BK PORTLAND ME | [NBN](https://holderbook.com/stocks/NBN/) | $7.4M | 421,708 | 5.7% | 5 |
| FIRST BANCORP CORPORATION | [FBP](https://holderbook.com/stocks/FBP/) | $7.3M | 1,301,240 | 5.6% | 1 |
| KEARNY FINL CORP MD | [KRNY](https://holderbook.com/stocks/KRNY/) | $6.6M | 802,599 | 5.1% | 2 |
| BANC OF CALIFORNIA INC | [BANC](https://holderbook.com/stocks/BANC/) | $6.5M | 603,168 | 5.0% | 4 |
| HILLTOP HLDGS INC | [HTH](https://holderbook.com/stocks/HTH/) | $6.2M | 335,996 | 4.8% | 2 |
| HMN FINL INC | [HMNF](https://holderbook.com/stocks/HMNF/) | $5.4M | 371,891 | 4.2% | 7 |
| FIRST BANCSHARES INC MS | [FBMS](https://holderbook.com/stocks/FBMS/) | $5.1M | 225,931 | 3.9% | 7 |
| CIVISTA BANCSHARES INC | [CIVB](https://holderbook.com/stocks/CIVB/) | $5.0M | 326,155 | 3.9% | 7 |
| CALIFORNIA BANCORP INC | [CALB](https://holderbook.com/stocks/CALB/) | $4.1M | 275,980 | 3.2% | 2 |
| SOUTHERN FIRST BANCSHARES | [SFST](https://holderbook.com/stocks/SFST/) | $3.9M | 139,215 | 3.0% | 7 |
| HARBORONE BANCORP INC NEW | [HONE](https://holderbook.com/stocks/HONE/) | $3.4M | 398,561 | 2.6% | 2 |
| FIRST BANCORP N C | [FBNC](https://holderbook.com/stocks/FBNC/) | $3.3M | 129,921 | 2.5% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2020 | +14.4% | +19.6% | -5.2% | 95% |
| Q1 2020 | -43.4% | -19.9% | -23.5% | 100% |
| Q4 2019 | +10.0% | +8.5% | +1.6% | 98% |
| Q3 2019 | -2.2% | +1.3% | -3.4% | 95% |
| Q2 2019 | +6.6% | +3.7% | +2.9% | 94% |
| Q1 2019 | +7.0% | +13.0% | -6.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2020 | $129.4M | 19 |
| Q1 2020 | $182.9M | 36 |
| Q4 2019 | $395.6M | 43 |
| Q3 2019 | $365.7M | 38 |
| Q2 2019 | $386.2M | 38 |
| Q1 2019 | $322.8M | 39 |
| Q4 2018 | $292.7M | 38 |