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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
+0.96%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$593M
AUM Growth
-$45.1M
Cap. Flow
-$49.8M
Cap. Flow %
-8.39%
Top 10 Hldgs %
53.4%
Holding
84
New
17
Increased
15
Reduced
36
Closed
13

Top Buys

Rank Stock Value
1
ABCB icon
Ameris Bancorp
ABCB
+$10.6M
2
STXB
Spirit of Texas Bancshares, Inc. Common Stock
STXB
+$10.3M
3
CFB
CrossFirst Bankshares, Inc. Common Stock
CFB
+$5.76M
4
IBKC
IBERIABANK Corp
IBKC
+$2.95M
5
OPRT icon
Oportun Financial
OPRT
+$2.22M

Top Sells

Rank Stock Value
1
LION
Fidelity Southern Corporation
LION
+$26.3M
2
TFIN icon
Triumph Financial Inc
TFIN
+$19.7M
3
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
+$17.1M
4
UBNK
United Financial Bancorp, Inc.
UBNK
+$13.1M
5
FBK icon
FB Financial Corp
FBK
+$9.52M

Sector Composition

Rank Sector Weight
1 Financials 74.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SFST icon
26
Southern First Bancshares
SFST
$582M
$5.84M 0.98%
146,504
-120,483
-45% -$4.68M
BAC icon
27
Bank of America
BAC
$427B
$5.83M 0.98%
200,000
– –
CFB
28
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
$5.71M 0.96%
+399,560
New +$5.76M
BX icon
29
PUT
Blackstone
BX
$151B
$5.27M 0.89%
108,000
+26,000
+32% +$1.27M
KBE icon
30
PUT
State Street SPDR S&P Bank ETF
KBE
$1.65B
$5.18M 0.87%
+120,000
New +$5.11M
XLF icon
31
PUT
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$5.04M 0.85%
180,000
-52,300
-23% -$1.44M
ISTR icon
32
Investar Holding Corp
ISTR
$401M
$4.76M 0.8%
200,000
-42,652
-18% -$1M
HYG icon
33
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.4B
$4.18M 0.71%
+48,000
New +$4.17M
SPFI icon
34
South Plains Financial
SPFI
$843M
$4.1M 0.69%
251,581
-495
-0.2% -$8.32K
EEM icon
35
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.3B
$3.43M 0.58%
+84,000
New +$3.47M
EVBN
36
DELISTED
Evans Bancorp Inc
EVBN
$3.39M 0.57%
90,644
– –
STEL
37
DELISTED
Stellar Bancorp
STEL
$3.26M 0.55%
116,892
-57,092
-33% -$1.62M
IBKC
38
DELISTED
IBERIABANK Corp
IBKC
$3.02M 0.51%
+40,000
New +$2.95M
COWN
39
DELISTED
Cowen Inc. Class A Common Stock
COWN
$2.89M 0.49%
187,501
-95,684
-34% -$1.55M
LBC
40
DELISTED
Luther Burbank Corporation Common Stock
LBC
$2.86M 0.48%
252,107
-26,970
-10% -$294K
CIVB icon
41
Civista Bancshares
CIVB
$592M
$2.81M 0.47%
129,316
-121,373
-48% -$2.6M
BANC icon
42
Banc of California
BANC
$3.22B
$2.56M 0.43%
181,314
-438,125
-71% -$6.32M
WFC icon
43
PUT
Wells Fargo
WFC
$263B
$2.42M 0.41%
48,000
+7,000
+17% +$330K
SAMG icon
44
Silvercrest Asset Management
SAMG
$75.7M
$2.37M 0.4%
193,023
-258,595
-57% -$3.47M
OPRT icon
45
Oportun Financial
OPRT
$274M
$2.22M 0.37%
+136,725
New +$2.22M
MS icon
46
Morgan Stanley
MS
$332B
$2.13M 0.36%
+50,000
New +$2.14M
STL
47
DELISTED
Sterling Bancorp
STL
$2.01M 0.34%
+100,000
New +$2.03M
UCB
48
United Community Banks
UCB
$4.33B
$1.94M 0.33%
68,241
-34,718
-34% -$952K
PGR icon
49
PUT
Progressive
PGR
$122B
$1.85M 0.31%
+24,000
New +$1.89M
PNC icon
50
PUT
PNC Financial Services
PNC
$99.8B
$1.68M 0.28%
12,000
-8,500
-41% -$1.15M
1
2
3 4

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GWM
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BFP
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Mendon Capital Advisors's Q3 2019 Portfolio in Review

As of Q3 2019, Mendon Capital Advisors held 84 positions worth $593M, down 7.1% from $638M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Mendon Capital Advisors withdrew a net $49.8M in Q3 2019, closing 13 positions and reducing 36 holdings. Its most notable exit was Fidelity Southern Corporation, an estimated $26.3M position sold in full.

By sector, the portfolio is most concentrated in Financials at 75% of assets, down from 84% a quarter earlier.

Against the trend, Mendon Capital Advisors opened a new position in CrossFirst Bankshares, Inc. Common Stock worth $5.71M.

  • Mendon Capital Advisors's largest Q3 2019 buy was CrossFirst Bankshares, Inc. Common Stock: 399,560 shares worth $5.71M.
  • Mendon Capital Advisors added most to Ameris Bancorp in Q3 2019, an estimated $10.6M increase.
  • Mendon Capital Advisors's biggest Q3 2019 reduction was Triumph Financial Inc, cutting an estimated $19.7M.
  • Mendon Capital Advisors fully exited Fidelity Southern Corporation in Q3 2019, selling an estimated $26.3M.
  • Mendon Capital Advisors's ten largest holdings make up 53% of its $593M portfolio in Q3 2019.
  • Mendon Capital Advisors opened 17 new positions and closed 13 in Q3 2019.
  • Mendon Capital Advisors's portfolio value fell 7.1% quarter-over-quarter to $593M.

Based on Mendon Capital Advisors's 13F filing for Q3 2019, filed 12 Nov 2019.