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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
-18.21%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$851M
AUM Growth
-$282M
Cap. Flow
-$88.4M
Cap. Flow %
-10.38%
Top 10 Hldgs %
38.98%
Holding
121
New
15
Increased
28
Reduced
40
Closed
28

Top Buys

Rank Stock Value
1
VBTX
Veritex Holdings
VBTX
+$20.6M
2
GNBC
Green Bancorp, Inc
GNBC
+$7.78M
3
ABCB icon
Ameris Bancorp
ABCB
+$7.06M
4
CARO
Carolina Financial Corp.
CARO
+$6.74M
5
EQBK icon
Equity Bancshares
EQBK
+$6.42M

Top Sells

Rank Stock Value
1
ISBC
Investors Bancorp, Inc.
ISBC
+$20.3M
2
SSB icon
SouthState Bank Corp
SSB
+$20.2M
3
ETFC
E*Trade Financial Corporation
ETFC
+$12.5M
4
BKU icon
Bankunited
BKU
+$10.7M
5
HOMB icon
Home BancShares
HOMB
+$9.46M

Sector Composition

Rank Sector Weight
1 Financials 74.74%
2 Healthcare 0.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FPAC.U
26
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$13.9M 1.63%
1,378,850
– –
XLF icon
27
CALL
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$11.4M 1.34%
+477,300
New +$12.4M
GNBC
28
DELISTED
Green Bancorp, Inc
GNBC
$11.3M 1.33%
660,689
+402,578
+156% +$7.78M
XLF icon
29
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$11.1M 1.3%
465,500
+69,500
+18% +$1.81M
HBMD
30
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
$10.6M 1.24%
739,511
+17,142
+2% +$261K
SFST icon
31
Southern First Bancshares
SFST
$582M
$9.21M 1.08%
287,242
– –
WNEB icon
32
Western New England Bancorp
WNEB
$296M
$9.03M 1.06%
899,523
– –
IBKC
33
DELISTED
IBERIABANK Corp
IBKC
$8.36M 0.98%
130,000
-20,000
-13% -$1.47M
COWN
34
DELISTED
Cowen Inc. Class A Common Stock
COWN
$8.29M 0.97%
621,450
-105,400
-15% -$1.61M
HYG icon
35
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.4B
$7.95M 0.93%
98,000
-1,000
-1% -$83.7K
MSL
36
DELISTED
Midsouth Bancorp, Inc.
MSL
$7.1M 0.83%
669,503
-6,286
-0.9% -$82.7K
SAMG icon
37
Silvercrest Asset Management
SAMG
$76.1M
$6.8M 0.8%
514,329
-36,302
-7% -$505K
ISTR icon
38
Investar Holding Corp
ISTR
$409M
$6.74M 0.79%
271,907
+249,648
+1,122% +$6.24M
KRE icon
39
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.9B
$6.45M 0.76%
+137,900
New +$7.37M
SBBX
40
DELISTED
SB One Bancorp Common Stock
SBBX
$6.31M 0.74%
308,860
+56,593
+22% +$1.32M
GBNK
41
DELISTED
Guaranty Bancorp
GBNK
$6.22M 0.73%
300,000
– –
BANC icon
42
Banc of California
BANC
$3.26B
$5.87M 0.69%
441,306
+50,000
+13% +$812K
PGC icon
43
Peapack-Gladstone Financial
PGC
$811M
$5.79M 0.68%
229,770
– –
FIBK icon
44
First Interstate BancSystem
FIBK
$3.8B
$5.39M 0.63%
147,412
+97,412
+195% +$4.05M
STEL
45
DELISTED
Stellar Bancorp
STEL
$5.23M 0.61%
177,982
+140,717
+378% +$4.66M
FCCO icon
46
First Community Corp
FCCO
$308M
$5.14M 0.6%
264,595
-4,325
-2% -$95.8K
BAC icon
47
CALL
Bank of America
BAC
$429B
$5.1M 0.6%
+206,900
New +$5.61M
BAC icon
48
Bank of America
BAC
$429B
$4.93M 0.58%
200,000
– –
JPM icon
49
PUT
JPMorgan Chase
JPM
$911B
$4.78M 0.56%
49,000
-17,000
-26% -$1.81M
WFC icon
50
PUT
Wells Fargo
WFC
$268B
$4.52M 0.53%
98,000
-1,000
-1% -$51.2K
1
2
3 4 5

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GWM
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FAFN
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BFP
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AC
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Mendon Capital Advisors's Q4 2018 Portfolio in Review

As of Q4 2018, Mendon Capital Advisors held 121 positions worth $851M, down 25% from $1.13B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Mendon Capital Advisors withdrew a net $88.4M in Q4 2018, closing 28 positions and reducing 40 holdings. Its most notable exit was Investors Bancorp, Inc., an estimated $20.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 75% of assets, down from 75% a quarter earlier, followed by Healthcare.

Against the trend, Mendon Capital Advisors opened a new position in Origin Bancorp worth $3.97M.

  • Mendon Capital Advisors's largest Q4 2018 buy was Origin Bancorp: 116,419 shares worth $3.97M.
  • Mendon Capital Advisors added most to Veritex Holdings in Q4 2018, an estimated $20.6M increase.
  • Mendon Capital Advisors's biggest Q4 2018 reduction was SouthState Bank Corp, cutting an estimated $20.2M.
  • Mendon Capital Advisors fully exited Investors Bancorp, Inc. in Q4 2018, selling an estimated $20.3M.
  • Mendon Capital Advisors's ten largest holdings make up 39% of its $851M portfolio in Q4 2018.
  • Mendon Capital Advisors opened 15 new positions and closed 28 in Q4 2018.
  • Mendon Capital Advisors's portfolio value fell 25% quarter-over-quarter to $851M.

Based on Mendon Capital Advisors's 13F filing for Q4 2018, filed 13 Feb 2019.