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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
+5.34%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$638M
AUM Growth
-$185M
(-22%)
Cap. Flow
-$222M
Cap. Flow
% of AUM
-34.74%
Top 10 Holdings %
Top 10 Hldgs %
48.53%
Holding
93
New
10
Increased
10
Reduced
41
Closed
26
Top Buys
| 1 |
South Plains Financial
SPFI
|
+$4.45M |
| 2 |
Equity Bancshares
EQBK
|
+$4.02M |
| 3 |
CMA
Comerica
CMA
|
+$2.79M |
| 4 |
OLBK
Old Line Bancshares, Inc.
OLBK
|
+$1.89M |
| 5 |
LBC
Luther Burbank Corporation Common Stock
LBC
|
+$1.12M |
Top Sells
| 1 |
Triumph Financial Inc
TFIN
|
+$16M |
| 2 |
FB Financial Corp
FBK
|
+$14.4M |
| 3 |
Ameris Bancorp
ABCB
|
+$9.39M |
| 4 |
IBTX
Independent Bank Group, Inc.
IBTX
|
+$9.3M |
| 5 |
MSL
Midsouth Bancorp, Inc.
MSL
|
+$7.6M |
Sector Composition
| 1 | Financials | 84.18% |
| 2 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Banc of California
BANC
$3.27B
| $8.65M | 1.36% |
619,439
-6,867
| -1% | -$97K |
|
27
Seacoast Banking Corp of Florida
SBCF
$3.3B
| $6.65M | 1.04% |
261,227
-67,709
| -21% | -$1.76M |
|
28
PUT
State Street Financial Select Sector SPDR ETF
XLF
$54.8B
| $6.41M | 1% |
232,300
-502,700
| -68% | -$13.6M |
|
29
Silvercrest Asset Management
SAMG
$76.4M
| $6.34M | 0.99% |
451,618
-52,038
| -10% | -$727K |
|
30
Bank7 Corp
BSVN
$485M
| $5.85M | 0.92% |
316,297
-2,235
| -0.7% | -$38.6K |
|
31
Bank of America
BAC
$430B
| $5.8M | 0.91% |
200,000
| – | – |
|
32
Investar Holding Corp
ISTR
$412M
| $5.79M | 0.91% |
242,652
-17,839
| -7% | -$415K |
|
33
Civista Bancshares
CIVB
$593M
| $5.63M | 0.88% |
250,689
-36,032
| -13% | -$793K |
|
|
STEL
34
DELISTED
Stellar Bancorp
STEL
| $4.89M | 0.77% |
173,984
-1,754
| -1% | -$51.9K |
|
|
COWN
35
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $4.87M | 0.76% |
283,185
-150,000
| -35% | -$2.42M |
|
36
BayCom
BCML
$371M
| $4.34M | 0.68% |
198,391
+18,824
| +10% | +$430K |
|
|
37
South Plains Financial
SPFI
$880M
| $4.16M | 0.65% |
+252,076
| New | +$4.45M |
|
38
First Interstate BancSystem
FIBK
$3.81B
| $3.69M | 0.58% |
93,058
-14,848
| -14% | -$593K |
|
39
PUT
Blackstone
BX
$155B
| $3.64M | 0.57% |
+82,000
| New | +$3.27M |
|
|
EVBN
40
DELISTED
Evans Bancorp Inc
EVBN
| $3.42M | 0.54% |
90,644
-8,603
| -9% | -$308K |
|
|
LBC
41
DELISTED
Luther Burbank Corporation Common Stock
LBC
| $3.04M | 0.48% |
279,077
+107,278
| +62% | +$1.12M |
|
|
UCB
42
United Community Banks
UCB
$4.37B
| $2.94M | 0.46% |
102,959
| – | – |
|
43
PUT
Citigroup
C
$217B
| $2.87M | 0.45% |
41,000
-32,500
| -44% | -$2.17M |
|
44
PUT
PNC Financial Services
PNC
$101B
| $2.81M | 0.44% |
20,500
-4,000
| -16% | -$529K |
|
|
CMA
45
DELISTED
Comerica
CMA
| $2.72M | 0.43% |
+37,500
| New | +$2.79M |
|
46
PUT
JPMorgan Chase
JPM
$907B
| $2.29M | 0.36% |
20,500
-4,000
| -16% | -$441K |
|
47
PUT
US Bancorp
USB
$98.4B
| $2.15M | 0.34% |
41,000
-8,000
| -16% | -$412K |
|
48
PUT
Truist Financial
TFC
$65.4B
| $2.01M | 0.32% |
41,000
-32,500
| -44% | -$1.59M |
|
49
PUT
Wells Fargo
WFC
$265B
| $1.94M | 0.3% |
+41,000
| New | +$1.92M |
|
50
KeyCorp
KEY
$25.4B
| $1.77M | 0.28% |
100,000
| – | – |
|
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Mendon Capital Advisors's Q2 2019 Portfolio in Review
As of Q2 2019, Mendon Capital Advisors held 93 positions worth $638M, down 22% from $823M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Mendon Capital Advisors withdrew a net $222M in Q2 2019, closing 26 positions and reducing 41 holdings. Its most notable exit was Midsouth Bancorp, Inc., an estimated $7.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 84% of assets, up from 74% a quarter earlier, followed by Industrials.
Against the trend, Mendon Capital Advisors opened a new position in South Plains Financial worth $4.16M.
- Mendon Capital Advisors's largest Q2 2019 buy was South Plains Financial: 252,076 shares worth $4.16M.
- Mendon Capital Advisors added most to Equity Bancshares in Q2 2019, an estimated $4.02M increase.
- Mendon Capital Advisors's biggest Q2 2019 reduction was Triumph Financial Inc, cutting an estimated $16M.
- Mendon Capital Advisors fully exited Midsouth Bancorp, Inc. in Q2 2019, selling an estimated $7.6M.
- Mendon Capital Advisors's ten largest holdings make up 49% of its $638M portfolio in Q2 2019.
- Mendon Capital Advisors opened 10 new positions and closed 26 in Q2 2019.
- Mendon Capital Advisors's portfolio value fell 22% quarter-over-quarter to $638M.
Based on Mendon Capital Advisors's 13F filing for Q2 2019, filed 13 Aug 2019.