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MCA
Mendon Capital Advisors Portfolio holdings
AUM
$283M
Turnover
26.32%
1-Year Est. Return
40.56%
This Fund
S&P 500
This Quarter
Est. Return
-2.04%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$200M
AUM Growth
-$104M
(-34%)
Cap. Flow
-$90.1M
Cap. Flow
% of AUM
-45.03%
Top 10 Holdings %
Top 10 Hldgs %
36.83%
Holding
115
New
15
Increased
13
Reduced
52
Closed
28
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OPB
Opus Bank Common Stock
OPB
|
+$5.1M |
| 2 |
HomeTrust Bancshares
HTB
|
+$4.66M |
| 3 |
Banc of California
BANC
|
+$2.14M |
| 4 |
US Bancorp
USB
|
+$2.09M |
| 5 |
Shore Bancshares
SHBI
|
+$2.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$14.3M |
| 2 |
FUBC
1st United Bancorp (Florida)
FUBC
|
+$9.04M |
| 3 |
Charles Schwab
SCHW
|
+$6.56M |
| 4 |
COWN
Cowen Inc. Class A Common Stock
COWN
|
+$5.02M |
| 5 |
OABC
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
|
+$3.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 67.92% |
| 2 | Miscellaneous | 28.27% |
| 3 | Real Estate | 3.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SWS
26
DELISTED
SWS GROUP INC
SWS
| $2.77M | 1.38% |
380,000
-125,000
| -25% | -$926K |
2013 Q2
4 quarters
|
|
|
FUBC
27
DELISTED
1st United Bancorp (Florida)
FUBC
| $2.59M | 1.29% |
300,000
-1,120,640
| -79% | -$9.04M |
2013 Q2
4 quarters
|
|
28
Citigroup
C
$207B
| $2.35M | 1.18% |
50,000
| – | – |
2013 Q2
4 quarters
|
|
29
PUT
Travelers Companies
TRV
$80.1B
| $2.35M | 1.18% |
+25,000
| New | +$2.28M |
2014 Q2
0 quarters
|
|
30
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $2.35M | 1.18% |
75,000
-125,000
| -63% | -$3.88M |
2014 Q1
1 quarter
|
|
|
CIT
31
PUT
DELISTED
CIT Group Inc.
CIT
| $2.29M | 1.14% |
+50,000
| New | +$2.26M |
2014 Q2
0 quarters
|
|
32
PUT
PNC Financial Services
PNC
$85.7B
| $2.23M | 1.11% |
25,000
-25,000
| -50% | -$2.14M |
2013 Q4
2 quarters
|
|
|
OABC
33
DELISTED
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
| $2.19M | 1.09% |
87,486
-160,359
| -65% | -$3.85M |
2013 Q2
4 quarters
|
|
|
PSTB
34
DELISTED
Park Sterling Corp.
PSTB
| $2.18M | 1.09% |
330,942
-434,094
| -57% | -$2.86M |
2013 Q2
4 quarters
|
|
|
35
US Bancorp
USB
$89.4B
| $2.17M | 1.08% |
+50,000
| New | +$2.09M |
2014 Q2
0 quarters
|
|
|
SQBK
36
DELISTED
SQUARE 1 FINANCIAL INC COM
SQBK
| $2.12M | 1.06% |
111,507
-45,993
| -29% | -$877K |
2014 Q1
1 quarter
|
|
37
Regional Management Corp
RM
$318M
| $2.07M | 1.03% |
133,667
-11,833
| -8% | -$203K |
2013 Q3
3 quarters
|
|
38
DELISTED
SunTrust Banks, Inc.
STI
| $2M | 1% |
50,000
| – | – |
2013 Q2
4 quarters
|
|
39
PUT
Truist Financial
TFC
$56.9B
| $1.97M | 0.99% |
50,000
-50,000
| -50% | -$1.92M |
2013 Q4
2 quarters
|
|
40
NBT Bancorp
NBTB
$2.63B
| $1.96M | 0.98% |
81,670
-30,000
| -27% | -$700K |
2013 Q2
4 quarters
|
|
|
41
Shore Bancshares
SHBI
$752M
| $1.96M | 0.98% |
+217,500
| New | +$2.03M |
2014 Q2
0 quarters
|
|
|
GLCH
42
DELISTED
GLEACHER & CO INC COM NEW (NY)
GLCH
| $1.85M | 0.92% |
175,923
-326,377
| -65% | -$3.73M |
2013 Q2
4 quarters
|
|
43
First Community Corp
FCCO
$304M
| $1.78M | 0.89% |
167,240
-30,405
| -15% | -$331K |
2013 Q2
4 quarters
|
|
44
PUT
State Street
STT
$46B
| $1.68M | 0.84% |
+25,000
| New | +$1.64M |
2014 Q2
0 quarters
|
|
|
OAKS
45
DELISTED
Five Oaks Investment Corp.
OAKS
| $1.66M | 0.83% |
+147,127
| New | +$1.72M |
2014 Q2
0 quarters
|
|
46
Home BancShares
HOMB
$5.78B
| $1.64M | 0.82% |
100,000
| – | – |
2013 Q2
4 quarters
|
|
47
Regions Financial
RF
$23.3B
| $1.59M | 0.8% |
150,000
-50,000
| -25% | -$521K |
2013 Q2
4 quarters
|
|
48
Lazard
LAZ
$3.52B
| $1.55M | 0.77% |
+30,000
| New | +$1.48M |
2014 Q2
0 quarters
|
|
49
Primis Financial Corp
FRST
$383M
| $1.52M | 0.76% |
136,370
+950
| +0.7% | +$9.87K |
2013 Q2
4 quarters
|
|
50
TFS Financial
TFSL
$4.58B
| $1.46M | 0.73% |
102,000
-25,000
| -20% | -$336K |
2013 Q2
4 quarters
|
|
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Mendon Capital Advisors's Q2 2014 Portfolio in Review
As of Q2 2014, Mendon Capital Advisors held 115 positions worth $200M, down 34% from $304M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Mendon Capital Advisors withdrew a net $90.1M in Q2 2014, closing 28 positions and reducing 52 holdings. Its most notable exit was Charles Schwab, an estimated $6.56M position sold in full.
By sector, the portfolio is most concentrated in Financials at 68% of assets, up from 63% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Mendon Capital Advisors opened a new position in Opus Bank Common Stock worth $4.95M.
- Mendon Capital Advisors's largest Q2 2014 buy was Opus Bank Common Stock: 170,380 shares worth $4.95M.
- Mendon Capital Advisors added most to HomeTrust Bancshares in Q2 2014, an estimated $4.66M increase.
- Mendon Capital Advisors's biggest Q2 2014 reduction was Investors Bancorp, Inc., cutting an estimated $14.3M.
- Mendon Capital Advisors fully exited Charles Schwab in Q2 2014, selling an estimated $6.56M.
- Mendon Capital Advisors's ten largest holdings make up 37% of its $200M portfolio in Q2 2014.
- Mendon Capital Advisors opened 15 new positions and closed 28 in Q2 2014.
- Mendon Capital Advisors's portfolio value fell 34% quarter-over-quarter to $200M.
Based on Mendon Capital Advisors's 13F filing for Q2 2014, filed 12 Aug 2014.