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MCA
Mendon Capital Advisors Portfolio holdings
AUM
$283M
Turnover
26.32%
1-Year Est. Return
40.56%
This Fund
S&P 500
This Quarter
Est. Return
-2.04%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$200M
AUM Growth
-$104M
(-34%)
Cap. Flow
-$90.1M
Cap. Flow
% of AUM
-45.03%
Top 10 Holdings %
Top 10 Hldgs %
36.83%
Holding
115
New
15
Increased
13
Reduced
52
Closed
28
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OPB
Opus Bank Common Stock
OPB
|
+$5.1M |
| 2 |
HomeTrust Bancshares
HTB
|
+$4.66M |
| 3 |
Banc of California
BANC
|
+$2.14M |
| 4 |
US Bancorp
USB
|
+$2.09M |
| 5 |
Shore Bancshares
SHBI
|
+$2.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$14.3M |
| 2 |
FUBC
1st United Bancorp (Florida)
FUBC
|
+$9.04M |
| 3 |
Charles Schwab
SCHW
|
+$6.56M |
| 4 |
COWN
Cowen Inc. Class A Common Stock
COWN
|
+$5.02M |
| 5 |
OABC
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
|
+$3.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 67.92% |
| 2 | Miscellaneous | 28.27% |
| 3 | Real Estate | 3.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Center Bancorp
CNOB
$1.53B
| $1.45M | 0.73% |
75,467
-105,467
| -58% | -$1.97M |
2014 Q1
1 quarter
|
|
|
52
PUT
Charles Schwab
SCHW
$163B
| $1.35M | 0.67% |
+50,000
| New | +$1.31M |
2014 Q2
0 quarters
|
|
53
DELISTED
Synovus
SNV
| $1.22M | 0.61% |
50,000
-21,429
| -30% | -$500K |
2013 Q2
4 quarters
|
|
54
Dime Commercial Bancshares
DCOM
$1.71B
| $1.2M | 0.6% |
+50,000
| New | +$1.23M |
2014 Q2
0 quarters
|
|
|
FRNK
55
DELISTED
FRANKLIN FINL CORP VA COM STK (VA)
FRNK
| $1.08M | 0.54% |
50,000
-40,000
| -44% | -$810K |
2013 Q2
4 quarters
|
|
|
ETFC
56
PUT
DELISTED
E*Trade Financial Corporation
ETFC
| $1.06M | 0.53% |
+50,000
| New | +$1.05M |
2014 Q2
0 quarters
|
|
57
Kearny Financial
KRNY
$569M
| $1.06M | 0.53% |
96,628
| – | – |
2013 Q2
4 quarters
|
|
58
PUT
DELISTED
Comerica
CMA
| $1M | 0.5% |
20,000
-130,000
| -87% | -$6.35M |
2013 Q4
2 quarters
|
|
|
FSGI
59
DELISTED
FIRST SECURITY GROUP, INC.
FSGI
| $993K | 0.5% |
457,821
-67,850
| -13% | -$136K |
2013 Q3
3 quarters
|
|
60
NMI Holdings
NMIH
$3.02B
| $974K | 0.49% |
92,725
-107,275
| -54% | -$1.18M |
2013 Q4
2 quarters
|
|
|
JAXB
61
DELISTED
JACKSONVILLE BANCORP INC FLA COM STK NEW
JAXB
| $944K | 0.47% |
89,925
-59,695
| -40% | -$622K |
2013 Q2
4 quarters
|
|
|
COBZ
62
DELISTED
CoBiz Financial,Inc
COBZ
| $808K | 0.4% |
75,000
| – | – |
2013 Q2
4 quarters
|
|
|
NBBC
63
DELISTED
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
| $806K | 0.4% |
100,000
-135,200
| -57% | -$1.04M |
2013 Q4
2 quarters
|
|
|
SOCB
64
DELISTED
SOUTHCOAST FINANCIAL CORP
SOCB
| $745K | 0.37% |
102,518
-121,680
| -54% | -$870K |
2013 Q2
4 quarters
|
|
|
PLMT
65
DELISTED
PALMETTO BANCSHARES, INC. (SC) COMMON STOCK
PLMT
| $643K | 0.32% |
44,666
-69,502
| -61% | -$958K |
2013 Q4
2 quarters
|
|
|
66
DELISTED
Dime Community Bancshares
DCOM
| $632K | 0.32% |
+40,000
| New | +$635K |
2014 Q2
0 quarters
|
|
|
CHFN
67
DELISTED
Charter Financial Corp
CHFN
| $626K | 0.31% |
56,376
-220,664
| -80% | -$2.39M |
2014 Q1
1 quarter
|
|
68
Ares Commercial Real Estate
ACRE
$194M
| $621K | 0.31% |
50,000
-25,000
| -33% | -$317K |
2013 Q2
4 quarters
|
|
|
FXCB
69
DELISTED
FOX CHASE BANCORP INC COM STK (MD)
FXCB
| $596K | 0.3% |
35,323
-29,760
| -46% | -$493K |
2013 Q2
4 quarters
|
|
|
TSC
70
DELISTED
TriState Capital Holdings, Inc.
TSC
| $568K | 0.28% |
40,200
-109,800
| -73% | -$1.5M |
2013 Q3
3 quarters
|
|
71
DELISTED
Pacific Premier Bancorp
PPBI
| $564K | 0.28% |
40,000
| – | – |
2013 Q2
4 quarters
|
|
72
DELISTED
The First Bancshares, Inc.
FBMS
| $530K | 0.26% |
37,290
-58,790
| -61% | -$845K |
2013 Q2
4 quarters
|
|
|
TWO
73
DELISTED
Two Harbors Investment
TWO
| $524K | 0.26% |
6,250
-6,250
| -50% | -$519K |
2013 Q2
4 quarters
|
|
74
Silvercrest Asset Management
SAMG
$83.4M
| $498K | 0.25% |
28,917
-113,421
| -80% | -$1.98M |
2013 Q2
4 quarters
|
|
75
Simmons First National
SFNC
$3.22B
| $394K | 0.2% |
20,000
-30,000
| -60% | -$583K |
2014 Q1
1 quarter
|
|
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Mendon Capital Advisors's Q2 2014 Portfolio in Review
As of Q2 2014, Mendon Capital Advisors held 115 positions worth $200M, down 34% from $304M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Mendon Capital Advisors withdrew a net $90.1M in Q2 2014, closing 28 positions and reducing 52 holdings. Its most notable exit was Charles Schwab, an estimated $6.56M position sold in full.
By sector, the portfolio is most concentrated in Financials at 68% of assets, up from 63% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Mendon Capital Advisors opened a new position in Opus Bank Common Stock worth $4.95M.
- Mendon Capital Advisors's largest Q2 2014 buy was Opus Bank Common Stock: 170,380 shares worth $4.95M.
- Mendon Capital Advisors added most to HomeTrust Bancshares in Q2 2014, an estimated $4.66M increase.
- Mendon Capital Advisors's biggest Q2 2014 reduction was Investors Bancorp, Inc., cutting an estimated $14.3M.
- Mendon Capital Advisors fully exited Charles Schwab in Q2 2014, selling an estimated $6.56M.
- Mendon Capital Advisors's ten largest holdings make up 37% of its $200M portfolio in Q2 2014.
- Mendon Capital Advisors opened 15 new positions and closed 28 in Q2 2014.
- Mendon Capital Advisors's portfolio value fell 34% quarter-over-quarter to $200M.
Based on Mendon Capital Advisors's 13F filing for Q2 2014, filed 12 Aug 2014.