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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
+2.95%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
+$86.4M
(+7.8%)
Cap. Flow
+$59M
Cap. Flow
% of AUM
4.97%
Top 10 Holdings %
Top 10 Hldgs %
35.88%
Holding
115
New
13
Increased
33
Reduced
47
Closed
10
Avg Time Held Equity + Options
1.7
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
1.1
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FB Financial Corp
FBK
|
+$30.5M |
| 2 |
Regions Financial
RF
|
+$14M |
| 3 |
FPAC.U
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
|
+$14M |
| 4 |
KeyCorp
KEY
|
+$14M |
| 5 |
Triumph Financial Inc
TFIN
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OceanFirst Financial
OCFC
|
+$20.7M |
| 2 |
SouthState Bank Corp
SSB
|
+$10.6M |
| 3 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$8.55M |
| 4 |
Valley National Bancorp
VLY
|
+$8.22M |
| 5 |
ACFC
Atlantic Coast Financial Corporation
ACFC
|
+$7.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 76.51% |
| 2 | Miscellaneous | 23.43% |
| 3 | Healthcare | 0.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Banc of California
BANC
$2.72B
| $7.65M | 0.64% |
391,306
+27,590
| +8% | +$528K |
2017 Q3
3 quarters
|
|
52
DELISTED
Pacific Premier Bancorp
PPBI
| $7.63M | 0.64% |
200,000
-100,000
| -33% | -$4.08M |
2017 Q1
5 quarters
|
|
53
PUT
Wells Fargo
WFC
$252B
| $7.32M | 0.62% |
132,000
-42,000
| -24% | -$2.25M |
2015 Q4
10 quarters
|
|
|
COBZ
54
DELISTED
CoBiz Financial,Inc
COBZ
| $7M | 0.59% |
325,782
+200,000
| +159% | +$4.22M |
2013 Q2
20 quarters
|
|
55
DELISTED
Lakeland Bancorp Inc
LBAI
| $6.95M | 0.59% |
350,000
-150,000
| -30% | -$3.01M |
2016 Q4
6 quarters
|
|
56
PUT
JPMorgan Chase
JPM
$902B
| $6.88M | 0.58% |
66,000
+8,000
| +14% | +$878K |
2015 Q4
10 quarters
|
|
57
First Community Corp
FCCO
$306M
| $6.76M | 0.57% |
269,432
-21,462
| -7% | -$506K |
2013 Q2
20 quarters
|
|
58
PUT
US Bancorp
USB
$91.5B
| $6.6M | 0.56% |
132,000
-42,000
| -24% | -$2.13M |
2016 Q1
9 quarters
|
|
59
PUT
American Express
AXP
$212B
| $6.47M | 0.54% |
66,000
+22,500
| +52% | +$2.21M |
2016 Q1
9 quarters
|
|
60
Center Bancorp
CNOB
$1.53B
| $6.3M | 0.53% |
253,091
| – | – |
2017 Q3
3 quarters
|
|
61
PUT
Morgan Stanley
MS
$284B
| $6.26M | 0.53% |
132,000
-42,000
| -24% | -$2.19M |
2017 Q2
4 quarters
|
|
62
PUT
State Street SPDR S&P Bank ETF
KBE
$1.48B
| $6.23M | 0.52% |
132,000
+45,000
| +52% | +$2.2M |
2016 Q1
9 quarters
|
|
63
PUT
Capital One
COF
$124B
| $6.07M | 0.51% |
66,000
+37,000
| +128% | +$3.5M |
2018 Q1
1 quarter
|
|
64
PUT
Aflac
AFL
$60.1B
| $5.68M | 0.48% |
132,000
+74,000
| +128% | +$3.32M |
2018 Q1
1 quarter
|
|
65
Bank of America
BAC
$358B
| $5.66M | 0.48% |
200,600
| – | – |
2013 Q2
20 quarters
|
|
|
GNBC
66
DELISTED
Green Bancorp, Inc
GNBC
| $5.58M | 0.47% |
258,111
+58,111
| +29% | +$1.33M |
2017 Q1
5 quarters
|
|
67
Primis Financial Corp
FRST
$384M
| $5.49M | 0.46% |
307,985
-9,055
| -3% | -$152K |
2013 Q2
20 quarters
|
|
68
PUT
Bank of New York Mellon
BNY
$97.2B
| $5.34M | 0.45% |
99,000
-17,000
| -15% | -$938K |
2018 Q1
1 quarter
|
|
|
69
CALL
Regions Financial
RF
$23.4B
| $5.32M | 0.45% |
+299,100
| New | +$5.6M |
2018 Q2
0 quarters
|
|
70
DELISTED
Synovus
SNV
| $5.28M | 0.44% |
100,000
| – | – |
2013 Q2
20 quarters
|
|
|
ISBC
71
DELISTED
Investors Bancorp, Inc.
ISBC
| $5.09M | 0.43% |
398,101
+350,221
| +731% | +$4.72M |
2018 Q1
1 quarter
|
|
|
SBBX
72
DELISTED
SB One Bancorp Common Stock
SBBX
| $4.77M | 0.4% |
+160,478
| New | +$4.84M |
2018 Q2
0 quarters
|
|
73
PUT
Synchrony
SYF
$24B
| $4.41M | 0.37% |
132,000
+16,000
| +14% | +$550K |
2018 Q1
1 quarter
|
|
74
First Interstate BancSystem
FIBK
$3.32B
| $4.22M | 0.36% |
100,000
| – | – |
2017 Q2
4 quarters
|
|
75
DELISTED
Evans Bancorp Inc
EVBN
| $4.18M | 0.35% |
90,644
| – | – |
2015 Q2
12 quarters
|
|
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Mendon Capital Advisors's Q2 2018 Portfolio in Review
As of Q2 2018, Mendon Capital Advisors held 115 positions worth $1.19B, up 7.8% from $1.1B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Mendon Capital Advisors deployed $59M of net new capital in Q2 2018, opening 13 new positions and adding to 33 existing holdings. Its largest new stake was Regions Financial: 750,000 shares worth $13.3M.
By sector, the portfolio is most concentrated in Financials at 77% of assets, up from 76% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was OceanFirst Financial, an estimated $20.7M trimmed.
- Mendon Capital Advisors's largest Q2 2018 buy was Regions Financial: 750,000 shares worth $13.3M.
- Mendon Capital Advisors added most to FB Financial Corp in Q2 2018, an estimated $30.5M increase.
- Mendon Capital Advisors's biggest Q2 2018 reduction was OceanFirst Financial, cutting an estimated $20.7M.
- Mendon Capital Advisors fully exited Atlantic Coast Financial Corporation in Q2 2018, selling an estimated $7.12M.
- Mendon Capital Advisors's ten largest holdings make up 36% of its $1.19B portfolio in Q2 2018.
- Mendon Capital Advisors opened 13 new positions and closed 10 in Q2 2018.
- Mendon Capital Advisors's portfolio value rose 7.8% quarter-over-quarter to $1.19B.
Based on Mendon Capital Advisors's 13F filing for Q2 2018, filed 13 Aug 2018.