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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
-41.79%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$204M
AUM Growth
-$378M
Cap. Flow
-$210M
Cap. Flow %
-103.14%
Top 10 Hldgs %
60.38%
Holding
79
New
16
Increased
4
Reduced
30
Closed
26

Top Buys

Rank Stock Value
1
GB
Global Blue Group Holding
GB
+$12.8M
2
SNV
Synovus
SNV
+$7.55M
3
PFHD
Professional Holding Corp. Class A Common stock
PFHD
+$4.94M
4
ALLY icon
Ally Financial
ALLY
+$3.53M
5
UMPQ
Umpqua Holdings Corp
UMPQ
+$2.33M

Top Sells

Rank Stock Value
1
FPAC.U
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
+$14.7M
2
VBTX
Veritex Holdings
VBTX
+$12.5M
3
FFWM
First Foundation Inc
FFWM
+$9.71M
4
ABCB icon
Ameris Bancorp
ABCB
+$8.43M
5
CARO
Carolina Financial Corp.
CARO
+$7.53M

Sector Composition

Rank Sector Weight
1 Financials 92.3%
2 Technology 6.07%
3 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OPRT icon
26
Oportun Financial
OPRT
$262M
$1.41M 0.69%
133,585
-12,203
-8% -$234K
USB icon
27
US Bancorp
USB
$97.9B
$1.21M 0.59%
+35,000
New +$1.69M
PNC icon
28
PNC Financial Services
PNC
$99.1B
$1.2M 0.59%
+12,500
New +$1.68M
BNY
29
Bank of New York Mellon
BNY
$103B
$1.18M 0.58%
+35,000
New +$1.47M
SSB icon
30
SouthState Bank Corp
SSB
$10.3B
$1.18M 0.58%
+20,000
New +$1.48M
FHN icon
31
First Horizon
FHN
$12.2B
$1.17M 0.57%
+145,000
New +$2.01M
WFC icon
32
Wells Fargo
WFC
$254B
$1.15M 0.56%
+40,000
New +$1.7M
RBNC
33
DELISTED
Reliant Bancorp, Inc. Common Stock
RBNC
$1.11M 0.55%
98,851
+64,038
+184% +$1.23M
JPM icon
34
JPMorgan Chase
JPM
$916B
$1.08M 0.53%
+12,000
New +$1.46M
BAC icon
35
Bank of America
BAC
$429B
$1.06M 0.52%
50,000
-150,000
-75% -$4.5M
COWN
36
DELISTED
Cowen Inc. Class A Common Stock
COWN
$1.04M 0.51%
107,400
-80,101
-43% -$1.14M
BANC icon
37
Banc of California
BANC
$2.87B
$836K 0.41%
104,464
-50,000
-32% -$734K
BBT
38
Beacon Financial Corp
BBT
$2.5B
$743K 0.36%
+50,000
New +$1.26M
BCTF
39
DELISTED
Bancorp 34, Inc. Common Stock
BCTF
$708K 0.35%
64,974
-4,629
-7% -$65.4K
RRBI icon
40
Red River Bancshares
RRBI
$669M
$707K 0.35%
19,007
-1,346
-7% -$67.4K
STEL
41
DELISTED
Stellar Bancorp
STEL
$701K 0.34%
39,462
-75,893
-66% -$1.99M
MN
42
DELISTED
MANNING & NAPIER, INC.
MN
$652K 0.32%
521,582
-332,296
-39% -$557K
ETFC
43
DELISTED
E*Trade Financial Corporation
ETFC
$624K 0.31%
18,182
-15,242
-46% -$644K
KEY icon
44
KeyCorp
KEY
$23.8B
$622K 0.31%
60,000
– –
CFG icon
45
Citizens Financial Group
CFG
$30.1B
$588K 0.29%
+31,240
New +$1.02M
SLCT
46
DELISTED
Select Bancorp, Inc.
SLCT
$565K 0.28%
74,115
-43,994
-37% -$463K
MYFW icon
47
First Western Financial
MYFW
$306M
$528K 0.26%
37,307
-2,767
-7% -$45.5K
HTH icon
48
Hilltop Holdings
HTH
$2.26B
$511K 0.25%
+33,776
New +$715K
BFST icon
49
Business First Bancshares
BFST
$1.05B
$480K 0.24%
35,575
+8,311
+30% +$180K
LMST
50
DELISTED
Limestone Bancorp, Inc. Common Stock
LMST
$392K 0.19%
35,117
+8,284
+31% +$124K
1
2
3 4

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Mendon Capital Advisors's Q1 2020 Portfolio in Review

As of Q1 2020, Mendon Capital Advisors held 79 positions worth $204M, down 65% from $582M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Mendon Capital Advisors withdrew a net $210M in Q1 2020, closing 26 positions and reducing 30 holdings. Its most notable exit was Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00, an estimated $14.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 92% of assets, up from 75% a quarter earlier, followed by Technology and Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Global Blue Group Holding worth $12.4M.

  • Mendon Capital Advisors's largest Q1 2020 buy was Global Blue Group Holding: 1,221,431 shares worth $12.4M.
  • Mendon Capital Advisors added most to Reliant Bancorp, Inc. Common Stock in Q1 2020, an estimated $1.23M increase.
  • Mendon Capital Advisors's biggest Q1 2020 reduction was Veritex Holdings, cutting an estimated $12.5M.
  • Mendon Capital Advisors fully exited Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00 in Q1 2020, selling an estimated $14.7M.
  • Mendon Capital Advisors's ten largest holdings make up 60% of its $204M portfolio in Q1 2020.
  • Mendon Capital Advisors opened 16 new positions and closed 26 in Q1 2020.
  • Mendon Capital Advisors's portfolio value fell 65% quarter-over-quarter to $204M.

Based on Mendon Capital Advisors's 13F filing for Q1 2020, filed 11 May 2020.