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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
-6.32%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$187M
AUM Growth
-$54.5M
Cap. Flow
-$103M
Cap. Flow %
-55.23%
Top 10 Hldgs %
49.23%
Holding
60
New
4
Increased
2
Reduced
35
Closed
11

Top Buys

Rank Stock Value
1
CALB
California BanCorp Common Stock
CALB
+$4.82M
2
MCHB
Mechanics Bancorp
MCHB
+$4.12M
3
FFWM
First Foundation Inc
FFWM
+$2.27M
4
AMTB icon
Amerant Bancorp
AMTB
+$1.24M
5
FRME icon
First Merchants
FRME
+$343K

Top Sells

Rank Stock Value
1
EQBK icon
Equity Bancshares
EQBK
+$13.7M
2
BFST icon
Business First Bancshares
BFST
+$9.4M
3
USCB icon
USCB Financial Holdings
USCB
+$8.74M
4
VBNK
VersaBank
VBNK
+$8.37M
5
FLG
Flagstar Bank National Association
FLG
+$7.67M

Sector Composition

Rank Sector Weight
1 Financials 93.87%
2 Real Estate 1.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STEL
26
DELISTED
Stellar Bancorp
STEL
$2.44M 1.31%
100,000
-25,000
-20% -$622K
ABCB icon
27
Ameris Bancorp
ABCB
$5.9B
$2.42M 1.3%
50,000
-40,000
-44% -$1.94M
SMBK icon
28
SmartFinancial
SMBK
$893M
$2.14M 1.15%
1,143
-75,311
-99% -$1.66M
FFWM
29
DELISTED
First Foundation Inc
FFWM
$2.08M 1.11%
+264,745
New +$2.27M
OSBC icon
30
Old Second Bancorp
OSBC
$1.29B
$2.08M 1.11%
150,000
-50,000
-25% -$699K
LBAI
31
DELISTED
Lakeland Bancorp Inc
LBAI
$1.89M 1.01%
6,224
-158,148
-96% -$2.03M
LNKB
32
DELISTED
LINKBANCORP
LNKB
$1.84M 0.99%
89,749
-176,533
-66% -$1.27M
AUB icon
33
Atlantic Union Bankshares
AUB
$6.03B
$1.77M 0.95%
50,000
– –
NIC icon
34
Nicolet Bankshares
NIC
$3.61B
$1.72M 0.92%
20,000
-5,000
-20% -$399K
RNST icon
35
Renasant Corp
RNST
$4.02B
$1.57M 0.84%
50,000
– –
NBTB icon
36
NBT Bancorp
NBTB
$2.82B
$1.47M 0.79%
40,000
– –
OCFC icon
37
OceanFirst Financial
OCFC
$1.72B
$1.23M 0.66%
75,000
– –
CBAN icon
38
Colony Bankcorp
CBAN
$466M
$1.23M 0.66%
106,772
-33,228
-24% -$392K
MYFW icon
39
First Western Financial
MYFW
$308M
$1.17M 0.63%
31,277
-25,786
-45% -$406K
AGNC icon
40
AGNC Investment
AGNC
$12.7B
$990K 0.53%
100,000
-500,000
-83% -$4.82M
NLY icon
41
Annaly Capital Management
NLY
$17.2B
$985K 0.53%
50,000
-150,000
-75% -$2.89M
UCB
42
United Community Banks
UCB
$4.25B
$790K 0.42%
30,000
– –
MNSB icon
43
MainStreet Bancshares
MNSB
$167M
$777K 0.42%
17,780
-25,197
-59% -$494K
MRBK icon
44
Meridian
MRBK
$241M
$476K 0.26%
30,000
-18,222
-38% -$201K
FRME icon
45
First Merchants
FRME
$2.69B
$349K 0.19%
+10,000
New +$343K
BCAL icon
46
Southern California Bancorp
BCAL
$693M
$319K 0.17%
21,368
-234
-1% -$3.7K
SFST icon
47
Southern First Bancshares
SFST
$585M
$242K 0.13%
7,617
-82
-1% -$2.82K
FFIC
48
DELISTED
Flushing Financial
FFIC
$219K 0.12%
7,326
-10,119
-58% -$143K
RVSB icon
49
Riverview Bancorp
RVSB
$107M
$159K 0.09%
20,000
-13,743
-41% -$71.4K
BAC icon
50
Bank of America
BAC
$428B
– –
-75,000
Closed -$2.53M
1
2
3

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Mendon Capital Advisors's Q1 2024 Portfolio in Review

As of Q1 2024, Mendon Capital Advisors held 60 positions worth $187M, down 23% from $241M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Mendon Capital Advisors withdrew a net $103M in Q1 2024, closing 11 positions and reducing 35 holdings. Its most notable exit was Flagstar Bank National Association, an estimated $7.67M position sold in full.

By sector, the portfolio is most concentrated in Financials at 94% of assets, up from 84% a quarter earlier, followed by Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Mechanics Bancorp worth $4.51M.

  • Mendon Capital Advisors's largest Q1 2024 buy was Mechanics Bancorp: 300,000 shares worth $4.51M.
  • Mendon Capital Advisors added most to California BanCorp Common Stock in Q1 2024, an estimated $4.82M increase.
  • Mendon Capital Advisors's biggest Q1 2024 reduction was Equity Bancshares, cutting an estimated $13.7M.
  • Mendon Capital Advisors fully exited Flagstar Bank National Association in Q1 2024, selling an estimated $7.67M.
  • Mendon Capital Advisors's ten largest holdings make up 49% of its $187M portfolio in Q1 2024.
  • Mendon Capital Advisors opened 4 new positions and closed 11 in Q1 2024.
  • Mendon Capital Advisors's portfolio value fell 23% quarter-over-quarter to $187M.

Based on Mendon Capital Advisors's 13F filing for Q1 2024, filed 15 May 2024.