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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
+6.22%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
-$63M
Cap. Flow
-$84.2M
Cap. Flow %
-7.05%
Top 10 Hldgs %
34.02%
Holding
128
New
14
Increased
21
Reduced
43
Closed
19
Avg Time Held Equity + Options
1.5 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
0.8 years
Avg Time Held Equity only
1.8 years
Top 10 Avg Time Held Equity only
0.9 years
Top 20 Avg Time Held Equity only
0.7 years

Top Buys

Rank Stock Value
1
LOB icon
Live Oak Bancshares
LOB
+$27.8M
2
FBK icon
FB Financial Corp
FBK
+$9.72M
3
LION icon
Fidelity Southern Corporation
LION
+$5.59M
4
TFIN icon
Triumph Financial Inc
TFIN
+$5.06M
5
CNOB icon
Center Bancorp
CNOB
+$3.92M

Top Sells

Rank Stock Value
1
AF
Astoria Financial Corporation
AF
+$13.1M
2
FIBK icon
First Interstate BancSystem
FIBK
+$12.4M
3
ABCB icon
Ameris Bancorp
ABCB
+$8.89M
4
BKU icon
Bankunited
BKU
+$6.72M
5
GBNK
Guaranty Bancorp
GBNK
+$6.55M

Sector Composition

Rank Sector Weight
1 Financials 68.55%
2 Miscellaneous 31.36%
3 Healthcare 0.09%
4 Consumer Discretionary 0%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
FBMS icon
26
DELISTED
The First Bancshares, Inc.
FBMS
$11.8M 0.99%
392,934
– –
2013 Q2
17 quarters
HFWA icon
27
Heritage Financial
HFWA
$1.12B
$11.8M 0.99%
400,000
-55,407
-12% -$1.49M
2017 Q1
2 quarters
VBTX icon
28
DELISTED
Veritex Holdings
VBTX
$11.6M 0.97%
429,380
+129,320
+43% +$3.4M
2016 Q2
5 quarters
KBE icon
29
PUT
State Street SPDR S&P Bank ETF
KBE
$1.48B
$11.5M 0.97%
256,000
+168,000
+191% +$7.2M
2016 Q1
6 quarters
BAC icon
30
Bank of America
BAC
$362B
$11.4M 0.96%
450,600
– –
2013 Q2
17 quarters
HYG icon
31
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$11.4M 0.95%
128,000
-224,000
-64% -$19.8M
2017 Q2
1 quarter
GBNK
32
DELISTED
Guaranty Bancorp
GBNK
$11.1M 0.93%
400,000
-247,812
-38% -$6.55M
2015 Q2
9 quarters
ALLY icon
33
PUT
Ally Financial
ALLY
$11.5B
$10.9M 0.91%
+448,000
New +$10M
2017 Q3
0 quarters
COF icon
34
PUT
Capital One
COF
$122B
$10.8M 0.91%
128,000
+40,000
+45% +$3.3M
2016 Q3
4 quarters
BKU icon
35
Bankunited
BKU
$2.99B
$10.7M 0.89%
300,000
-200,000
-40% -$6.72M
2016 Q2
5 quarters
WFC icon
36
PUT
Wells Fargo
WFC
$248B
$10.6M 0.89%
192,000
+16,000
+9% +$850K
2015 Q4
7 quarters
COWN
37
DELISTED
Cowen Inc. Class A Common Stock
COWN
$10.6M 0.88%
593,514
-274,632
-32% -$4.49M
2013 Q2
17 quarters
USB icon
38
PUT
US Bancorp
USB
$89.4B
$10.3M 0.86%
192,000
-28,000
-13% -$1.46M
2016 Q1
6 quarters
LBAI icon
39
DELISTED
Lakeland Bancorp Inc
LBAI
$10.2M 0.85%
500,000
– –
2016 Q4
3 quarters
V icon
40
PUT
Visa
V
$750B
$10.1M 0.85%
96,000
+8,000
+9% +$811K
2017 Q2
1 quarter
WAL icon
41
Western Alliance Bancorporation
WAL
$8.11B
$10.1M 0.84%
190,000
-60,000
-24% -$2.94M
2016 Q2
5 quarters
ABCB icon
42
Ameris Bancorp
ABCB
$5.35B
$9.6M 0.8%
200,000
-196,000
-49% -$8.89M
2013 Q2
17 quarters
WNEB icon
43
Western New England Bancorp
WNEB
$272M
$9.45M 0.79%
866,658
– –
2017 Q1
2 quarters
CB icon
44
PUT
Chubb
CB
$136B
$9.12M 0.76%
+64,000
New +$9.26M
2017 Q3
0 quarters
SYF icon
45
PUT
Synchrony
SYF
$24.1B
$8.94M 0.75%
+288,000
New +$8.61M
2017 Q3
0 quarters
SAMG icon
46
Silvercrest Asset Management
SAMG
$83.4M
$8.74M 0.73%
600,761
– –
2013 Q2
17 quarters
PNC icon
47
PUT
PNC Financial Services
PNC
$85.7B
$8.63M 0.72%
+64,000
New +$8.21M
2017 Q3
0 quarters
STBZ
48
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$8.6M 0.72%
300,000
-215,716
-42% -$5.83M
2013 Q2
17 quarters
HOMB icon
49
Home BancShares
HOMB
$5.78B
$8.48M 0.71%
336,250
-50,000
-13% -$1.2M
2013 Q2
17 quarters
SCHW icon
50
PUT
Charles Schwab
SCHW
$163B
$8.4M 0.7%
192,000
+60,000
+45% +$2.49M
2016 Q2
5 quarters
1
2
3 4 5

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Mendon Capital Advisors's Q3 2017 Portfolio in Review

As of Q3 2017, Mendon Capital Advisors held 128 positions worth $1.19B, down 5% from $1.26B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Mendon Capital Advisors withdrew a net $84.2M in Q3 2017, closing 19 positions and reducing 43 holdings. Its most notable exit was Astoria Financial Corporation, an estimated $13.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 67% a quarter earlier, followed by Miscellaneous and Healthcare.

Against the trend, Mendon Capital Advisors opened a new position in Live Oak Bancshares worth $27.9M.

  • Mendon Capital Advisors's largest Q3 2017 buy was Live Oak Bancshares: 1,189,760 shares worth $27.9M.
  • Mendon Capital Advisors added most to FB Financial Corp in Q3 2017, an estimated $9.72M increase.
  • Mendon Capital Advisors's biggest Q3 2017 reduction was First Interstate BancSystem, cutting an estimated $12.4M.
  • Mendon Capital Advisors fully exited Astoria Financial Corporation in Q3 2017, selling an estimated $13.1M.
  • Mendon Capital Advisors's ten largest holdings make up 34% of its $1.19B portfolio in Q3 2017.
  • Mendon Capital Advisors opened 14 new positions and closed 19 in Q3 2017.
  • Mendon Capital Advisors's portfolio value fell 5% quarter-over-quarter to $1.19B.

Based on Mendon Capital Advisors's 13F filing for Q3 2017, filed 14 Nov 2017.