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MCA
Mendon Capital Advisors Portfolio holdings
AUM
$258M
1-Year Est. Return
21.23%
This Fund
S&P 500
This Quarter
Est. Return
+27.64%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$973M
AUM Growth
+$95.7M
(+11%)
Cap. Flow
-$80.2M
Cap. Flow
% of AUM
-8.24%
Top 10 Holdings %
Top 10 Hldgs %
31.44%
Holding
120
New
15
Increased
28
Reduced
32
Closed
23
Top Buys
| 1 |
United Bankshares
UBSI
|
+$13.3M |
| 2 |
GBNK
Guaranty Bancorp
GBNK
|
+$11.8M |
| 3 |
PSTB
Park Sterling Corp.
PSTB
|
+$10.6M |
| 4 |
LBAI
Lakeland Bancorp Inc
LBAI
|
+$10.6M |
| 5 |
OPB
Opus Bank Common Stock
OPB
|
+$8.29M |
Top Sells
| 1 |
YDKN
Yadkin Financial Corporation
YDKN
|
+$35.9M |
| 2 |
KeyCorp
KEY
|
+$14.6M |
| 3 |
FLG
Flagstar Bank National Association
FLG
|
+$9.71M |
| 4 |
STI
SunTrust Banks, Inc.
STI
|
+$8.76M |
| 5 |
Center Bancorp
CNOB
|
+$6.84M |
Sector Composition
| 1 | Financials | 63.8% |
| 2 | Consumer Discretionary | 1.5% |
| 3 | Industrials | 0.48% |
| 4 | Real Estate | 0.35% |
| 5 | Healthcare | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XBKS
26
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| $13.3M | 1.36% |
470,348
+281,302
| +149% | +$7M |
|
27
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $13.1M | 1.35% |
+375,000
| New | +$13.5M |
|
|
STBZ
28
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $13.1M | 1.34% |
486,579
+30,537
| +7% | +$744K |
|
29
PUT
JPMorgan Chase
JPM
$913B
| $12.9M | 1.33% |
150,000
-37,500
| -20% | -$2.86M |
|
|
HTB
30
HomeTrust Bancshares
HTB
$828M
| $12.8M | 1.31% |
492,539
-85,023
| -15% | -$1.85M |
|
31
FB Financial Corp
FBK
$2.97B
| $12.7M | 1.3% |
488,939
+78,955
| +19% | +$1.81M |
|
|
LBAI
32
DELISTED
Lakeland Bancorp Inc
LBAI
| $12.7M | 1.3% |
+650,000
| New | +$10.6M |
|
33
Seacoast Banking Corp of Florida
SBCF
$3.3B
| $12M | 1.23% |
542,086
+96,928
| +22% | +$1.84M |
|
34
PUT
American Express
AXP
$243B
| $11.1M | 1.14% |
150,000
| – | – |
|
35
Home BancShares
HOMB
$6.16B
| $11.1M | 1.14% |
400,000
-177,500
| -31% | -$4.31M |
|
|
LION
36
DELISTED
Fidelity Southern Corporation
LION
| $10.6M | 1.09% |
447,101
-128,593
| -22% | -$2.72M |
|
37
PUT
Aflac
AFL
$63.2B
| $10.4M | 1.07% |
+300,000
| New | +$10.6M |
|
38
Equity Bancshares
EQBK
$1.04B
| $10.4M | 1.07% |
309,858
-19
| -0% | -$567 |
|
39
Southern First Bancshares
SFST
$590M
| $10.4M | 1.07% |
288,247
-389
| -0.1% | -$11.7K |
|
|
FBMS
40
DELISTED
The First Bancshares, Inc.
FBMS
| $9.88M | 1.02% |
359,304
+27,359
| +8% | +$639K |
|
41
PUT
American International
AIG
$42.4B
| $9.8M | 1.01% |
150,000
+75,000
| +100% | +$4.71M |
|
|
VBTX
42
DELISTED
Veritex Holdings
VBTX
| $9.1M | 0.94% |
340,740
+176,630
| +108% | +$3.63M |
|
43
Citigroup
C
$218B
| $8.91M | 0.92% |
150,000
-50,000
| -25% | -$2.7M |
|
|
CBF
44
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $8.83M | 0.91% |
+225,000
| New | +$7.88M |
|
|
IBKC
45
DELISTED
IBERIABANK Corp
IBKC
| $8.38M | 0.86% |
+100,000
| New | +$7.66M |
|
46
PUT
Wells Fargo
WFC
$267B
| $8.27M | 0.85% |
150,000
| – | – |
|
47
Morgan Stanley
MS
$342B
| $7.99M | 0.82% |
189,200
-15,000
| -7% | -$567K |
|
48
Silvercrest Asset Management
SAMG
$77.2M
| $7.9M | 0.81% |
600,761
| – | – |
|
49
PUT
US Bancorp
USB
$99.4B
| $7.71M | 0.79% |
150,000
-75,000
| -33% | -$3.57M |
|
|
DFS
50
DELISTED
Discover Financial Services
DFS
| $7.21M | 0.74% |
100,000
| – | – |
|
Similar funds
OFS
SI
GWM
T
FAFN
BFP
CAG
AC
Mendon Capital Advisors's Q4 2016 Portfolio in Review
As of Q4 2016, Mendon Capital Advisors held 120 positions worth $973M, up 11% from $878M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Mendon Capital Advisors withdrew a net $80.2M in Q4 2016, closing 23 positions and reducing 32 holdings. Its most notable exit was Yadkin Financial Corporation, an estimated $35.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 64% of assets, up from 59% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Mendon Capital Advisors opened a new position in United Bankshares worth $14.4M.
- Mendon Capital Advisors's largest Q4 2016 buy was United Bankshares: 312,184 shares worth $14.4M.
- Mendon Capital Advisors added most to Guaranty Bancorp in Q4 2016, an estimated $11.8M increase.
- Mendon Capital Advisors's biggest Q4 2016 reduction was Flagstar Bank National Association, cutting an estimated $9.71M.
- Mendon Capital Advisors fully exited Yadkin Financial Corporation in Q4 2016, selling an estimated $35.9M.
- Mendon Capital Advisors's ten largest holdings make up 31% of its $973M portfolio in Q4 2016.
- Mendon Capital Advisors opened 15 new positions and closed 23 in Q4 2016.
- Mendon Capital Advisors's portfolio value rose 11% quarter-over-quarter to $973M.
Based on Mendon Capital Advisors's 13F filing for Q4 2016, filed 13 Feb 2017.