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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
+2.95%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
+$86.4M
(+7.8%)
Cap. Flow
+$59M
Cap. Flow
% of AUM
4.97%
Top 10 Holdings %
Top 10 Hldgs %
35.88%
Holding
115
New
13
Increased
33
Reduced
47
Closed
10
Avg Time Held Equity + Options
1.7
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
1.1
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FB Financial Corp
FBK
|
+$30.5M |
| 2 |
Regions Financial
RF
|
+$14M |
| 3 |
FPAC.U
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
|
+$14M |
| 4 |
KeyCorp
KEY
|
+$14M |
| 5 |
Triumph Financial Inc
TFIN
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OceanFirst Financial
OCFC
|
+$20.7M |
| 2 |
SouthState Bank Corp
SSB
|
+$10.6M |
| 3 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$8.55M |
| 4 |
Valley National Bancorp
VLY
|
+$8.22M |
| 5 |
ACFC
Atlantic Coast Financial Corporation
ACFC
|
+$7.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 76.51% |
| 2 | Miscellaneous | 23.43% |
| 3 | Healthcare | 0.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $14M | 1.18% |
165,000
+107,000
| +184% | +$9.17M |
2017 Q2
4 quarters
|
|
|
27
KeyCorp
KEY
$21.3B
| $13.7M | 1.15% |
+700,000
| New | +$14M |
2018 Q2
0 quarters
|
|
|
28
Regions Financial
RF
$23.3B
| $13.3M | 1.12% |
+750,000
| New | +$14M |
2018 Q2
0 quarters
|
|
|
HBMD
29
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
| $13M | 1.1% |
722,469
+436,753
| +153% | +$8.07M |
2018 Q1
1 quarter
|
|
30
PUT
Mastercard
MA
$540B
| $13M | 1.09% |
66,000
+22,500
| +52% | +$4.23M |
2017 Q2
4 quarters
|
|
31
Southern First Bancshares
SFST
$566M
| $12.7M | 1.07% |
287,242
-7,224
| -2% | -$336K |
2015 Q2
12 quarters
|
|
32
Bankunited
BKU
$2.99B
| $12.3M | 1.04% |
300,908
| – | – |
2016 Q2
8 quarters
|
|
33
PUT
State Street Financial Select Sector SPDR ETF
XLF
$51.4B
| $12.3M | 1.03% |
462,000
-103,500
| -18% | -$2.85M |
2015 Q4
10 quarters
|
|
|
ETFC
34
DELISTED
E*Trade Financial Corporation
ETFC
| $12.2M | 1.03% |
200,000
+150,000
| +300% | +$9.29M |
2015 Q3
11 quarters
|
|
|
CSFL
35
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $12.2M | 1.03% |
409,104
-287,700
| -41% | -$8.55M |
2018 Q1
1 quarter
|
|
|
IBKC
36
DELISTED
IBERIABANK Corp
IBKC
| $11.4M | 0.96% |
150,000
+100,000
| +200% | +$7.88M |
2016 Q4
6 quarters
|
|
37
Byline Bancorp
BY
$1.67B
| $11.3M | 0.95% |
507,467
+71,366
| +16% | +$1.59M |
2017 Q2
4 quarters
|
|
|
38
OceanFirst Financial
OCFC
$1.54B
| $10.7M | 0.9% |
355,680
-732,933
| -67% | -$20.7M |
2016 Q1
9 quarters
|
|
|
COWN
39
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $10.1M | 0.85% |
726,850
+33,639
| +5% | +$506K |
2013 Q2
20 quarters
|
|
40
Western New England Bancorp
WNEB
$272M
| $9.89M | 0.83% |
899,523
-14,009
| -2% | -$152K |
2017 Q1
5 quarters
|
|
41
Citizens Financial Group
CFG
$26.7B
| $9.72M | 0.82% |
+250,000
| New | +$10.4M |
2018 Q2
0 quarters
|
|
|
PACW
42
DELISTED
PacWest Bancorp
PACW
| $9.47M | 0.8% |
191,670
-8,330
| -4% | -$435K |
2017 Q4
2 quarters
|
|
43
Silvercrest Asset Management
SAMG
$83.4M
| $9.38M | 0.79% |
575,530
-14,278
| -2% | -$227K |
2013 Q2
20 quarters
|
|
|
44
Valley National Bancorp
VLY
$7.05B
| $9.12M | 0.77% |
750,000
-651,918
| -47% | -$8.22M |
2016 Q4
6 quarters
|
|
45
Home BancShares
HOMB
$5.78B
| $9.02M | 0.76% |
400,000
-140,111
| -26% | -$3.24M |
2013 Q2
20 quarters
|
|
|
MSL
46
DELISTED
Midsouth Bancorp, Inc.
MSL
| $8.96M | 0.75% |
676,645
-400
| -0.1% | -$5.54K |
2017 Q2
4 quarters
|
|
|
GBNK
47
DELISTED
Guaranty Bancorp
GBNK
| $8.94M | 0.75% |
300,000
-36,204
| -11% | -$1.11M |
2015 Q2
12 quarters
|
|
48
PUT
Citigroup
C
$207B
| $8.83M | 0.74% |
132,000
-13,000
| -9% | -$895K |
2017 Q4
2 quarters
|
|
49
PUT
Visa
V
$750B
| $8.74M | 0.74% |
66,000
+37,000
| +128% | +$4.76M |
2017 Q2
4 quarters
|
|
50
Peapack-Gladstone Financial
PGC
$770M
| $7.95M | 0.67% |
229,770
| – | – |
2017 Q2
4 quarters
|
|
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FPW
OCFG
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BC
GCC
Mendon Capital Advisors's Q2 2018 Portfolio in Review
As of Q2 2018, Mendon Capital Advisors held 115 positions worth $1.19B, up 7.8% from $1.1B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Mendon Capital Advisors deployed $59M of net new capital in Q2 2018, opening 13 new positions and adding to 33 existing holdings. Its largest new stake was Regions Financial: 750,000 shares worth $13.3M.
By sector, the portfolio is most concentrated in Financials at 77% of assets, up from 76% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was OceanFirst Financial, an estimated $20.7M trimmed.
- Mendon Capital Advisors's largest Q2 2018 buy was Regions Financial: 750,000 shares worth $13.3M.
- Mendon Capital Advisors added most to FB Financial Corp in Q2 2018, an estimated $30.5M increase.
- Mendon Capital Advisors's biggest Q2 2018 reduction was OceanFirst Financial, cutting an estimated $20.7M.
- Mendon Capital Advisors fully exited Atlantic Coast Financial Corporation in Q2 2018, selling an estimated $7.12M.
- Mendon Capital Advisors's ten largest holdings make up 36% of its $1.19B portfolio in Q2 2018.
- Mendon Capital Advisors opened 13 new positions and closed 10 in Q2 2018.
- Mendon Capital Advisors's portfolio value rose 7.8% quarter-over-quarter to $1.19B.
Based on Mendon Capital Advisors's 13F filing for Q2 2018, filed 13 Aug 2018.