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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
+6.22%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
-$63M
(-5%)
Cap. Flow
-$124M
Cap. Flow
% of AUM
-10.4%
Top 10 Holdings %
Top 10 Hldgs %
34.02%
Holding
128
New
14
Increased
21
Reduced
43
Closed
19
Top Buys
| 1 |
Live Oak Bancshares
LOB
|
+$27.8M |
| 2 |
FB Financial Corp
FBK
|
+$9.72M |
| 3 |
LION
Fidelity Southern Corporation
LION
|
+$5.59M |
| 4 |
Triumph Financial Inc
TFIN
|
+$5.06M |
| 5 |
Center Bancorp
CNOB
|
+$3.92M |
Top Sells
| 1 |
AF
Astoria Financial Corporation
AF
|
+$13.1M |
| 2 |
First Interstate BancSystem
FIBK
|
+$12.4M |
| 3 |
Ameris Bancorp
ABCB
|
+$8.89M |
| 4 |
Bankunited
BKU
|
+$6.72M |
| 5 |
GBNK
Guaranty Bancorp
GBNK
|
+$6.55M |
Sector Composition
| 1 | Financials | 63.99% |
| 2 | Healthcare | 0.09% |
| 3 | Consumer Discretionary | 0% |
| 4 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FBMS
26
DELISTED
The First Bancshares, Inc.
FBMS
| $11.8M | 0.99% |
392,934
| – | – |
|
27
Heritage Financial
HFWA
$1.27B
| $11.8M | 0.99% |
400,000
-55,407
| -12% | -$1.49M |
|
|
VBTX
28
DELISTED
Veritex Holdings
VBTX
| $11.6M | 0.97% |
429,380
+129,320
| +43% | +$3.4M |
|
29
PUT
State Street SPDR S&P Bank ETF
KBE
$1.57B
| $11.5M | 0.97% |
256,000
+168,000
| +191% | +$7.2M |
|
30
Bank of America
BAC
$434B
| $11.4M | 0.96% |
450,600
| – | – |
|
31
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $11.4M | 0.95% |
128,000
-224,000
| -64% | -$19.8M |
|
|
GBNK
32
DELISTED
Guaranty Bancorp
GBNK
| $11.1M | 0.93% |
400,000
-247,812
| -38% | -$6.55M |
|
33
PUT
Ally Financial
ALLY
$14.1B
| $10.9M | 0.91% |
+448,000
| New | +$10M |
|
34
PUT
Capital One
COF
$129B
| $10.8M | 0.91% |
128,000
+40,000
| +45% | +$3.3M |
|
|
35
Bankunited
BKU
$3.57B
| $10.7M | 0.89% |
300,000
-200,000
| -40% | -$6.72M |
|
36
PUT
Wells Fargo
WFC
$270B
| $10.6M | 0.89% |
192,000
+16,000
| +9% | +$850K |
|
|
COWN
37
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $10.6M | 0.88% |
593,514
-274,632
| -32% | -$4.49M |
|
38
PUT
US Bancorp
USB
$100B
| $10.3M | 0.86% |
192,000
-28,000
| -13% | -$1.46M |
|
|
LBAI
39
DELISTED
Lakeland Bancorp Inc
LBAI
| $10.2M | 0.85% |
500,000
| – | – |
|
40
PUT
Visa
V
$681B
| $10.1M | 0.85% |
96,000
+8,000
| +9% | +$811K |
|
41
Western Alliance Bancorporation
WAL
$9.05B
| $10.1M | 0.84% |
190,000
-60,000
| -24% | -$2.94M |
|
|
42
Ameris Bancorp
ABCB
$6.23B
| $9.6M | 0.8% |
200,000
-196,000
| -49% | -$8.89M |
|
43
Western New England Bancorp
WNEB
$295M
| $9.45M | 0.79% |
866,658
| – | – |
|
44
PUT
Chubb
CB
$137B
| $9.12M | 0.76% |
+64,000
| New | +$9.26M |
|
45
PUT
Synchrony
SYF
$24.7B
| $8.94M | 0.75% |
+288,000
| New | +$8.61M |
|
46
Silvercrest Asset Management
SAMG
$77M
| $8.74M | 0.73% |
600,761
| – | – |
|
47
PUT
PNC Financial Services
PNC
$102B
| $8.63M | 0.72% |
+64,000
| New | +$8.21M |
|
|
STBZ
48
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $8.6M | 0.72% |
300,000
-215,716
| -42% | -$5.83M |
|
49
Home BancShares
HOMB
$6.2B
| $8.48M | 0.71% |
336,250
-50,000
| -13% | -$1.2M |
|
|
SCHW
50
PUT
Charles Schwab
SCHW
$178B
| $8.4M | 0.7% |
192,000
+60,000
| +45% | +$2.49M |
|
Similar funds
OFS
SI
GWM
T
FAFN
BFP
CAG
AC
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 $124M 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 64% of assets, up from 62% a quarter earlier, followed by Healthcare and Consumer Discretionary.
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.