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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
-6.43%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$787M
AUM Growth
+$44.8M
(+6%)
Cap. Flow
-$46.8M
Cap. Flow
% of AUM
-5.95%
Top 10 Holdings %
Top 10 Hldgs %
37.85%
Holding
133
New
17
Increased
28
Reduced
32
Closed
23
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YDKN
Yadkin Financial Corporation
YDKN
|
+$21.6M |
| 2 |
OceanFirst Financial
OCFC
|
+$7.16M |
| 3 |
PSTB
Park Sterling Corp.
PSTB
|
+$6.83M |
| 4 |
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
|
+$5.19M |
| 5 |
BNCN
BNC Bancorp
BNCN
|
+$5.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBBC
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
|
+$17.6M |
| 2 |
ABCW
ANCHOR BANCORP WISCONSIN INC COMMON STOCK
ABCW
|
+$10.7M |
| 3 |
Fidelity National Information Services
FIS
|
+$10.6M |
| 4 |
BNK
C1 FINL INC COM STK (FL)
BNK
|
+$9.41M |
| 5 |
Hancock Whitney
HWC
|
+$7.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 64.02% |
| 2 | Miscellaneous | 33.32% |
| 3 | Consumer Discretionary | 1.76% |
| 4 | Real Estate | 0.42% |
| 5 | Industrials | 0.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
KeyCorp
KEY
$21.3B
| $8.83M | 1.12% |
800,000
+380,000
| +90% | +$4.25M |
2015 Q4
1 quarter
|
|
27
National Bank Holdings
NBHC
$1.67B
| $8.81M | 1.12% |
431,910
+27,610
| +7% | +$546K |
2015 Q3
2 quarters
|
|
28
Bank of America
BAC
$362B
| $8.12M | 1.03% |
600,600
+100,000
| +20% | +$1.35M |
2013 Q2
11 quarters
|
|
|
STBZ
29
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $8.03M | 1.02% |
406,394
+39,712
| +11% | +$770K |
2013 Q2
11 quarters
|
|
30
Live Oak Bancshares
LOB
$1.63B
| $7.97M | 1.01% |
531,200
+158,820
| +43% | +$2.15M |
2015 Q3
2 quarters
|
|
31
DELISTED
Synovus
SNV
| $7.95M | 1.01% |
275,000
| – | – |
2013 Q2
11 quarters
|
|
32
Silvercrest Asset Management
SAMG
$83.4M
| $7.65M | 0.97% |
600,761
+135,841
| +29% | +$1.52M |
2013 Q2
11 quarters
|
|
33
PUT
Wells Fargo
WFC
$248B
| $7.25M | 0.92% |
150,000
| – | – |
2015 Q4
1 quarter
|
|
|
34
OceanFirst Financial
OCFC
$1.54B
| $7.21M | 0.92% |
+407,900
| New | +$7.16M |
2016 Q1
0 quarters
|
|
35
Hartford Financial Services
HIG
$36B
| $6.91M | 0.88% |
150,000
-50,000
| -25% | -$2.1M |
2015 Q3
2 quarters
|
|
36
PUT
State Street SPDR S&P Bank ETF
KBE
$1.48B
| $6.83M | 0.87% |
+225,000
| New | +$6.67M |
2016 Q1
0 quarters
|
|
37
PUT
State Street
STT
$46B
| $6.58M | 0.84% |
112,500
| – | – |
2015 Q4
1 quarter
|
|
38
Center Bancorp
CNOB
$1.53B
| $6.28M | 0.8% |
383,890
+21,390
| +6% | +$348K |
2014 Q1
8 quarters
|
|
39
Houlihan Lokey
HLI
$8.98B
| $6.24M | 0.79% |
250,705
| – | – |
2015 Q3
2 quarters
|
|
|
FSB
40
DELISTED
Franklin Financial Network, Inc.
FSB
| $6.11M | 0.78% |
226,330
| – | – |
2015 Q1
4 quarters
|
|
41
PUT
Bank of New York Mellon
BNY
$96.4B
| $5.52M | 0.7% |
150,000
+75,000
| +100% | +$2.72M |
2015 Q4
1 quarter
|
|
42
DELISTED
The First Bancshares, Inc.
FBMS
| $5.48M | 0.7% |
350,709
-2,322
| -0.7% | -$39.8K |
2013 Q2
11 quarters
|
|
43
Citizens Financial Group
CFG
$26.7B
| $5.24M | 0.67% |
250,000
-150,000
| -38% | -$3.18M |
2015 Q4
1 quarter
|
|
44
Morgan Stanley
MS
$286B
| $5.11M | 0.65% |
204,200
+4,200
| +2% | +$107K |
2015 Q3
2 quarters
|
|
45
Seacoast Banking Corp of Florida
SBCF
$3.14B
| $5.03M | 0.64% |
318,207
-3,885
| -1% | -$57.5K |
2013 Q2
11 quarters
|
|
46
PUT
Truist Financial
TFC
$56.9B
| $4.99M | 0.63% |
150,000
-75,000
| -33% | -$2.49M |
2015 Q4
1 quarter
|
|
47
PUT
Nasdaq
NDAQ
$52.3B
| $4.98M | 0.63% |
+225,000
| New | +$4.63M |
2016 Q1
0 quarters
|
|
48
DELISTED
Fidelity Southern Corporation
LION
| $4.98M | 0.63% |
310,314
-21,090
| -6% | -$345K |
2013 Q2
11 quarters
|
|
49
Primis Financial Corp
FRST
$383M
| $4.9M | 0.62% |
411,120
-3,861
| -0.9% | -$49.1K |
2013 Q2
11 quarters
|
|
|
ETFC
50
DELISTED
E*Trade Financial Corporation
ETFC
| $4.9M | 0.62% |
200,000
| – | – |
2015 Q3
2 quarters
|
|
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OCFG
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BC
GCC
Mendon Capital Advisors's Q1 2016 Portfolio in Review
As of Q1 2016, Mendon Capital Advisors held 133 positions worth $787M, up 6% from $742M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Mendon Capital Advisors withdrew a net $46.8M in Q1 2016, closing 23 positions and reducing 32 holdings. Its most notable exit was NEWBRIDGE BANCORP CLASS A COM STK (NC), an estimated $17.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 64% of assets, down from 72% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Mendon Capital Advisors opened a new position in OceanFirst Financial worth $7.21M.
- Mendon Capital Advisors's largest Q1 2016 buy was OceanFirst Financial: 407,900 shares worth $7.21M.
- Mendon Capital Advisors added most to Yadkin Financial Corporation in Q1 2016, an estimated $21.6M increase.
- Mendon Capital Advisors's biggest Q1 2016 reduction was C1 FINL INC COM STK (FL), cutting an estimated $9.41M.
- Mendon Capital Advisors fully exited NEWBRIDGE BANCORP CLASS A COM STK (NC) in Q1 2016, selling an estimated $17.6M.
- Mendon Capital Advisors's ten largest holdings make up 38% of its $787M portfolio in Q1 2016.
- Mendon Capital Advisors opened 17 new positions and closed 23 in Q1 2016.
- Mendon Capital Advisors's portfolio value rose 6% quarter-over-quarter to $787M.
Based on Mendon Capital Advisors's 13F filing for Q1 2016, filed 9 May 2016.