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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
-18.21%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$851M
AUM Growth
-$282M
(-25%)
Cap. Flow
-$76M
Cap. Flow
% of AUM
-8.93%
Top 10 Holdings %
Top 10 Hldgs %
38.98%
Holding
121
New
15
Increased
28
Reduced
40
Closed
28
Avg Time Held Equity + Options
1.9
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
1.2
years
Avg Time Held Equity only
2.2
years
Top 10 Avg Time Held Equity only
1.2
years
Top 20 Avg Time Held Equity only
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veritex Holdings
VBTX
|
+$20.6M |
| 2 |
GNBC
Green Bancorp, Inc
GNBC
|
+$7.78M |
| 3 |
Ameris Bancorp
ABCB
|
+$7.06M |
| 4 |
CARO
Carolina Financial Corp.
CARO
|
+$6.74M |
| 5 |
Equity Bancshares
EQBK
|
+$6.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$20.3M |
| 2 |
SouthState Bank Corp
SSB
|
+$20.2M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$12.5M |
| 4 |
Bankunited
BKU
|
+$10.7M |
| 5 |
Home BancShares
HOMB
|
+$9.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 77.95% |
| 2 | Miscellaneous | 21.97% |
| 3 | Healthcare | 0.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
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
| – | – |
2018 Q2
2 quarters
|
|
27
CALL
State Street Financial Select Sector SPDR ETF
XLF
$51.6B
| $11.4M | 1.34% |
+477,300
| New | +$12.4M |
2018 Q4
0 quarters
|
|
|
GNBC
28
DELISTED
Green Bancorp, Inc
GNBC
| $11.3M | 1.33% |
660,689
+402,578
| +156% | +$7.78M |
2017 Q1
7 quarters
|
|
|
29
PUT
State Street Financial Select Sector SPDR ETF
XLF
$51.6B
| $11.1M | 1.3% |
465,500
+69,500
| +18% | +$1.81M |
2015 Q4
12 quarters
|
|
|
HBMD
30
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
| $10.6M | 1.24% |
739,511
+17,142
| +2% | +$261K |
2018 Q1
3 quarters
|
|
31
Southern First Bancshares
SFST
$567M
| $9.21M | 1.08% |
287,242
| – | – |
2015 Q2
14 quarters
|
|
32
Western New England Bancorp
WNEB
$272M
| $9.03M | 1.06% |
899,523
| – | – |
2017 Q1
7 quarters
|
|
|
IBKC
33
DELISTED
IBERIABANK Corp
IBKC
| $8.36M | 0.98% |
130,000
-20,000
| -13% | -$1.47M |
2016 Q4
8 quarters
|
|
|
COWN
34
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $8.29M | 0.97% |
621,450
-105,400
| -15% | -$1.61M |
2013 Q2
22 quarters
|
|
35
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $7.95M | 0.93% |
98,000
-1,000
| -1% | -$83.7K |
2017 Q2
6 quarters
|
|
|
MSL
36
DELISTED
Midsouth Bancorp, Inc.
MSL
| $7.1M | 0.83% |
669,503
-6,286
| -0.9% | -$82.7K |
2017 Q2
6 quarters
|
|
37
Silvercrest Asset Management
SAMG
$83.1M
| $6.8M | 0.8% |
514,329
-36,302
| -7% | -$505K |
2013 Q2
22 quarters
|
|
38
Investar Holding Corp
ISTR
$397M
| $6.74M | 0.79% |
271,907
+249,648
| +1,122% | +$6.24M |
2017 Q1
7 quarters
|
|
39
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$3.31B
| $6.45M | 0.76% |
+137,900
| New | +$7.37M |
2018 Q4
0 quarters
|
|
|
SBBX
40
DELISTED
SB One Bancorp Common Stock
SBBX
| $6.31M | 0.74% |
308,860
+56,593
| +22% | +$1.32M |
2018 Q2
2 quarters
|
|
|
GBNK
41
DELISTED
Guaranty Bancorp
GBNK
| $6.22M | 0.73% |
300,000
| – | – |
2015 Q2
14 quarters
|
|
42
Banc of California
BANC
$2.72B
| $5.87M | 0.69% |
441,306
+50,000
| +13% | +$812K |
2017 Q3
5 quarters
|
|
43
Peapack-Gladstone Financial
PGC
$769M
| $5.79M | 0.68% |
229,770
| – | – |
2017 Q2
6 quarters
|
|
44
First Interstate BancSystem
FIBK
$3.32B
| $5.39M | 0.63% |
147,412
+97,412
| +195% | +$4.05M |
2017 Q2
6 quarters
|
|
45
DELISTED
Stellar Bancorp
STEL
| $5.23M | 0.61% |
177,982
+140,717
| +378% | +$4.66M |
2017 Q4
4 quarters
|
|
46
First Community Corp
FCCO
$306M
| $5.14M | 0.6% |
264,595
-4,325
| -2% | -$95.8K |
2013 Q2
22 quarters
|
|
47
CALL
Bank of America
BAC
$358B
| $5.1M | 0.6% |
+206,900
| New | +$5.61M |
2018 Q4
0 quarters
|
|
|
48
Bank of America
BAC
$358B
| $4.93M | 0.58% |
200,000
| – | – |
2013 Q2
22 quarters
|
|
49
PUT
JPMorgan Chase
JPM
$902B
| $4.78M | 0.56% |
49,000
-17,000
| -26% | -$1.81M |
2015 Q4
12 quarters
|
|
50
PUT
Wells Fargo
WFC
$252B
| $4.52M | 0.53% |
98,000
-1,000
| -1% | -$51.2K |
2015 Q4
12 quarters
|
|
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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 $76M 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 78% of assets, down from 79% a quarter earlier, followed by Miscellaneous and 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.