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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
-0.91%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$180M
AUM Growth
-$6.24M
Cap. Flow
-$11.2M
Cap. Flow %
-6.2%
Top 10 Hldgs %
48.33%
Holding
55
New
6
Increased
12
Reduced
22
Closed
6

Top Buys

Rank Stock Value
1
EQBK icon
Equity Bancshares
EQBK
+$11.3M
2
BFST icon
Business First Bancshares
BFST
+$7.2M
3
USCB icon
USCB Financial Holdings
USCB
+$6.1M
4
ABX
Abacus Global Management
ABX
+$6.03M
5
FFWM
First Foundation Inc
FFWM
+$2.34M

Top Sells

Rank Stock Value
1
FRST icon
Primis Financial Corp
FRST
+$8.95M
2
FBMS
The First Bancshares, Inc.
FBMS
+$8.07M
3
CADE
Cadence Bank
CADE
+$5.07M
4
CALB
California BanCorp Common Stock
CALB
+$4.72M
5
AMTB icon
Amerant Bancorp
AMTB
+$4.33M

Sector Composition

Rank Sector Weight
1 Financials 89.58%
2 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SHBI icon
26
Shore Bancshares
SHBI
$800M
$2.51M 1.39%
51,324
-123,676
-71% -$1.34M
KRE icon
27
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.47B
$2.46M 1.36%
+50,000
New +$2.41M
OSBC icon
28
Old Second Bancorp
OSBC
$1.27B
$2.22M 1.23%
150,000
– –
ABCB icon
29
Ameris Bancorp
ABCB
$5.77B
$2.17M 1.2%
25,000
-25,000
-50% -$1.2M
MYFW icon
30
First Western Financial
MYFW
$299M
$1.98M 1.1%
71,415
+40,138
+128% +$658K
CCB icon
31
Coastal Financial
CCB
$1.1B
$1.85M 1.02%
40,000
-60,000
-60% -$2.52M
STEL
32
DELISTED
Stellar Bancorp
STEL
$1.72M 0.96%
75,000
-25,000
-25% -$567K
LOB icon
33
Live Oak Bancshares
LOB
$1.95B
$1.7M 0.94%
30,000
-9,100
-23% -$322K
NIC icon
34
Nicolet Bankshares
NIC
$3.54B
$1.66M 0.92%
20,000
– –
SMBK icon
35
SmartFinancial
SMBK
$877M
$1.59M 0.88%
66,990
+65,847
+5,761% +$1.42M
BCAL icon
36
Southern California Bancorp
BCAL
$682M
$1.31M 0.73%
4,860
-16,508
-77% -$229K
CBAN icon
37
Colony Bankcorp
CBAN
$460M
$1.23M 0.68%
100,000
-6,772
-6% -$77.1K
OCFC icon
38
OceanFirst Financial
OCFC
$1.7B
$1.19M 0.66%
75,000
– –
LNKB
39
DELISTED
LINKBANCORP
LNKB
$924K 0.51%
74,024
-15,725
-18% -$101K
TFIN icon
40
Triumph Financial Inc
TFIN
$1.8B
$912K 0.51%
+12,500
New +$931K
AUB icon
41
Atlantic Union Bankshares
AUB
$5.98B
$821K 0.46%
25,000
-25,000
-50% -$815K
MNSB icon
42
MainStreet Bancshares
MNSB
$166M
$769K 0.43%
18,365
+585
+3% +$9.86K
UCB
43
United Community Banks
UCB
$4.21B
$764K 0.42%
30,000
– –
RNST icon
44
Renasant Corp
RNST
$4B
$764K 0.42%
25,000
-25,000
-50% -$743K
MRBK icon
45
Meridian
MRBK
$238M
$511K 0.28%
30,000
– –
CARE icon
46
Carter Bankshares
CARE
$757M
$454K 0.25%
+30,000
New +$375K
FFIC
47
DELISTED
Flushing Financial
FFIC
$231K 0.13%
7,556
+230
+3% +$2.8K
SFST icon
48
Southern First Bancshares
SFST
$583M
$229K 0.13%
7,842
+225
+3% +$6.18K
RVSB icon
49
Riverview Bancorp
RVSB
$108M
$136K 0.08%
14,061
-5,939
-30% -$24.3K
AGNC icon
50
AGNC Investment
AGNC
$12.4B
– –
-100,000
Closed -$990K
1
2
3

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GWM
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FAFN
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BFP
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Mendon Capital Advisors's Q2 2024 Portfolio in Review

As of Q2 2024, Mendon Capital Advisors held 55 positions worth $180M, down 3.3% from $187M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Mendon Capital Advisors withdrew a net $11.2M in Q2 2024, closing 6 positions and reducing 22 holdings. Its most notable exit was Cadence Bank, an estimated $5.07M position sold in full.

By sector, the portfolio is most concentrated in Financials at 90% of assets, down from 94% a quarter earlier, followed by Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Abacus Global Management worth $4.97M.

  • Mendon Capital Advisors's largest Q2 2024 buy was Abacus Global Management: 537,235 shares worth $4.97M.
  • Mendon Capital Advisors added most to Equity Bancshares in Q2 2024, an estimated $11.3M increase.
  • Mendon Capital Advisors's biggest Q2 2024 reduction was Primis Financial Corp, cutting an estimated $8.95M.
  • Mendon Capital Advisors fully exited Cadence Bank in Q2 2024, selling an estimated $5.07M.
  • Mendon Capital Advisors's ten largest holdings make up 48% of its $180M portfolio in Q2 2024.
  • Mendon Capital Advisors opened 6 new positions and closed 6 in Q2 2024.
  • Mendon Capital Advisors's portfolio value fell 3.3% quarter-over-quarter to $180M.

Based on Mendon Capital Advisors's 13F filing for Q2 2024, filed 30 Aug 2024.