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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
-6.43%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$787M
AUM Growth
+$44.8M
(+6%)
Cap. Flow
-$46.8M
Cap. Flow
% of AUM
-5.95%
Top 10 Holdings %
Top 10 Hldgs %
37.85%
Holding
133
New
17
Increased
28
Reduced
32
Closed
23
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YDKN
Yadkin Financial Corporation
YDKN
|
+$21.6M |
| 2 |
OceanFirst Financial
OCFC
|
+$7.16M |
| 3 |
PSTB
Park Sterling Corp.
PSTB
|
+$6.83M |
| 4 |
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
|
+$5.19M |
| 5 |
BNCN
BNC Bancorp
BNCN
|
+$5.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBBC
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
|
+$17.6M |
| 2 |
ABCW
ANCHOR BANCORP WISCONSIN INC COMMON STOCK
ABCW
|
+$10.7M |
| 3 |
Fidelity National Information Services
FIS
|
+$10.6M |
| 4 |
BNK
C1 FINL INC COM STK (FL)
BNK
|
+$9.41M |
| 5 |
Hancock Whitney
HWC
|
+$7.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 64.02% |
| 2 | Miscellaneous | 33.32% |
| 3 | Consumer Discretionary | 1.76% |
| 4 | Real Estate | 0.42% |
| 5 | Industrials | 0.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
SouthState Bank Corp
SSB
$9.9B
| $4.82M | 0.61% |
75,000
| – | – |
2013 Q3
10 quarters
|
|
52
Shore Bancshares
SHBI
$754M
| $4.61M | 0.59% |
384,817
-3,914
| -1% | -$44.4K |
2014 Q2
7 quarters
|
|
53
PUT
Marsh
MRSH
$89.7B
| $4.56M | 0.58% |
+75,000
| New | +$4.2M |
2016 Q1
0 quarters
|
|
|
AVNU
54
DELISTED
AVENUE FINL HLDGS INC COM STK (TN)
AVNU
| $4.38M | 0.56% |
226,145
-31,154
| -12% | -$534K |
2015 Q3
2 quarters
|
|
55
PUT
DELISTED
Comerica
CMA
| $4.26M | 0.54% |
+112,500
| New | +$4.05M |
2016 Q1
0 quarters
|
|
56
Equity Bancshares
EQBK
$968M
| $4.23M | 0.54% |
201,442
+70,611
| +54% | +$1.53M |
2015 Q4
1 quarter
|
|
57
Citigroup
C
$208B
| $4.17M | 0.53% |
100,000
| – | – |
2015 Q4
1 quarter
|
|
|
ACFC
58
DELISTED
Atlantic Coast Financial Corporation
ACFC
| $4.17M | 0.53% |
689,729
-35,151
| -5% | -$200K |
2013 Q4
9 quarters
|
|
59
Home BancShares
HOMB
$5.82B
| $4.09M | 0.52% |
200,000
-3,000
| -1% | -$58.9K |
2013 Q2
11 quarters
|
|
60
DELISTED
MANNING & NAPIER, INC.
MN
| $4.05M | 0.52% |
502,537
| – | – |
2015 Q3
2 quarters
|
|
61
Renasant Corp
RNST
$3.63B
| $3.88M | 0.49% |
117,962
| – | – |
2015 Q3
2 quarters
|
|
|
ACAS
62
DELISTED
American Capital Ltd
ACAS
| $3.81M | 0.48% |
250,000
| – | – |
2015 Q4
1 quarter
|
|
63
Southern First Bancshares
SFST
$570M
| $3.79M | 0.48% |
155,152
-1,688
| -1% | -$39.4K |
2015 Q2
3 quarters
|
|
|
XL
64
DELISTED
XL Group Ltd.
XL
| $3.68M | 0.47% |
100,000
| – | – |
2015 Q4
1 quarter
|
|
65
PUT
Zions Bancorporation
ZION
$9.2B
| $3.63M | 0.46% |
150,000
+75,000
| +100% | +$1.72M |
2015 Q4
1 quarter
|
|
66
DELISTED
Webster Financial
WBS
| $3.59M | 0.46% |
100,000
| – | – |
2015 Q3
2 quarters
|
|
|
BNK
67
DELISTED
C1 FINL INC COM STK (FL)
BNK
| $3.58M | 0.45% |
147,736
-397,970
| -73% | -$9.41M |
2014 Q3
6 quarters
|
|
|
XBKS
68
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| $3.53M | 0.45% |
199,506
+31,570
| +19% | +$549K |
2015 Q2
3 quarters
|
|
69
First Bancorp
FBNC
$2.5B
| $3.5M | 0.45% |
185,950
| – | – |
2014 Q2
7 quarters
|
|
|
ASBB
70
DELISTED
ASB Bancorp Inc
ASBB
| $3.4M | 0.43% |
140,479
-1,171
| -0.8% | -$29.2K |
2013 Q2
11 quarters
|
|
71
Camden National
CAC
$948M
| $3.36M | 0.43% |
120,000
| – | – |
2015 Q4
1 quarter
|
|
72
Ares Commercial Real Estate
ACRE
$193M
| $3.34M | 0.42% |
305,000
| – | – |
2015 Q4
1 quarter
|
|
73
First Community Corp
FCCO
$305M
| $3.31M | 0.42% |
229,813
-9,306
| -4% | -$127K |
2013 Q2
11 quarters
|
|
74
First Horizon
FHN
$10.9B
| $3.27M | 0.42% |
250,000
| – | – |
2015 Q3
2 quarters
|
|
75
PUT
PNC Financial Services
PNC
$86.5B
| $3.17M | 0.4% |
37,500
-37,500
| -50% | -$3.19M |
2015 Q4
1 quarter
|
|
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Mendon Capital Advisors's Q1 2016 Portfolio in Review
As of Q1 2016, Mendon Capital Advisors held 133 positions worth $787M, up 6% from $742M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Mendon Capital Advisors withdrew a net $46.8M in Q1 2016, closing 23 positions and reducing 32 holdings. Its most notable exit was NEWBRIDGE BANCORP CLASS A COM STK (NC), an estimated $17.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 64% of assets, down from 72% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Mendon Capital Advisors opened a new position in OceanFirst Financial worth $7.21M.
- Mendon Capital Advisors's largest Q1 2016 buy was OceanFirst Financial: 407,900 shares worth $7.21M.
- Mendon Capital Advisors added most to Yadkin Financial Corporation in Q1 2016, an estimated $21.6M increase.
- Mendon Capital Advisors's biggest Q1 2016 reduction was C1 FINL INC COM STK (FL), cutting an estimated $9.41M.
- Mendon Capital Advisors fully exited NEWBRIDGE BANCORP CLASS A COM STK (NC) in Q1 2016, selling an estimated $17.6M.
- Mendon Capital Advisors's ten largest holdings make up 38% of its $787M portfolio in Q1 2016.
- Mendon Capital Advisors opened 17 new positions and closed 23 in Q1 2016.
- Mendon Capital Advisors's portfolio value rose 6% quarter-over-quarter to $787M.
Based on Mendon Capital Advisors's 13F filing for Q1 2016, filed 9 May 2016.