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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
-41.79%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$204M
AUM Growth
-$378M
Cap. Flow
-$210M
Cap. Flow %
-103.14%
Top 10 Hldgs %
60.38%
Holding
79
New
16
Increased
4
Reduced
30
Closed
26

Top Buys

Rank Stock Value
1
GB
Global Blue Group Holding
GB
+$12.8M
2
SNV
Synovus
SNV
+$7.55M
3
PFHD
Professional Holding Corp. Class A Common stock
PFHD
+$4.94M
4
ALLY icon
Ally Financial
ALLY
+$3.53M
5
UMPQ
Umpqua Holdings Corp
UMPQ
+$2.33M

Top Sells

Rank Stock Value
1
FPAC.U
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
+$14.7M
2
VBTX
Veritex Holdings
VBTX
+$12.5M
3
FFWM
First Foundation Inc
FFWM
+$9.71M
4
ABCB icon
Ameris Bancorp
ABCB
+$8.43M
5
CARO
Carolina Financial Corp.
CARO
+$7.53M

Sector Composition

Rank Sector Weight
1 Financials 92.3%
2 Technology 6.07%
3 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTBK
51
DELISTED
Heritage Commerce
HTBK
$365K 0.18%
47,580
-2,420
-5% -$25.6K
FPAC.WS
52
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$245K 0.12%
+452,901
New +$671K
ESXB
53
DELISTED
Community Bankers Trust Corporation
ESXB
$227K 0.11%
46,702
-2,681
-5% -$21.3K
AXP icon
54
PUT
American Express
AXP
$228B
– –
-39,000
Closed -$4.86M
FFWM
55
DELISTED
First Foundation Inc
FFWM
– –
-557,969
Closed -$9.71M
FITB
56
PUT
Fifth Third Bancorp
FITB
$51.3B
– –
-58,500
Closed -$1.8M
IWM icon
57
PUT
iShares Russell 2000 ETF
IWM
$80.2B
– –
-156,000
Closed -$25.8M
JPM icon
58
PUT
JPMorgan Chase
JPM
$933B
– –
-26,000
Closed -$3.62M
KRE icon
59
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.49B
– –
-260,000
Closed -$15.1M
PNC icon
60
PUT
PNC Financial Services
PNC
$99.2B
– –
-39,000
Closed -$6.22M
PNFP icon
61
Pinnacle Financial Partners Inc
PNFP
$15.8B
– –
-24,200
Closed -$1.55M
SFST icon
62
Southern First Bancshares
SFST
$579M
– –
-100,000
Closed -$4.25M
SPY icon
63
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
– –
-117,000
Closed -$37.7M
STT icon
64
PUT
State Street
STT
$50.2B
– –
-19,500
Closed -$1.54M
SYF icon
65
PUT
Synchrony
SYF
$25.1B
– –
-39,000
Closed -$1.4M
TFC icon
66
PUT
Truist Financial
TFC
$63.5B
– –
-39,000
Closed -$2.2M
USB icon
67
PUT
US Bancorp
USB
$98B
– –
-26,000
Closed -$1.54M
WFC icon
68
PUT
Wells Fargo
WFC
$258B
– –
-39,000
Closed -$2.1M
XLF icon
69
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
– –
-617,500
Closed -$19M
UCB
70
United Community Banks
UCB
$4.23B
– –
-68,241
Closed -$2.11M
CFB
71
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
– –
-396,667
Closed -$5.72M
LBC
72
DELISTED
Luther Burbank Corporation Common Stock
LBC
– –
-251,587
Closed -$2.9M
BRMK
73
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
– –
-361,681
Closed -$4.61M
SI
74
DELISTED
Silvergate Capital Corporation
SI
– –
-88,605
Closed -$1.41M
FPAC.U
75
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
– –
-1,358,705
Closed -$14.7M
1 2
3
4

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Mendon Capital Advisors's Q1 2020 Portfolio in Review

As of Q1 2020, Mendon Capital Advisors held 79 positions worth $204M, down 65% from $582M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Mendon Capital Advisors withdrew a net $210M in Q1 2020, closing 26 positions and reducing 30 holdings. Its most notable exit was Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00, an estimated $14.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 92% of assets, up from 75% a quarter earlier, followed by Technology and Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Global Blue Group Holding worth $12.4M.

  • Mendon Capital Advisors's largest Q1 2020 buy was Global Blue Group Holding: 1,221,431 shares worth $12.4M.
  • Mendon Capital Advisors added most to Reliant Bancorp, Inc. Common Stock in Q1 2020, an estimated $1.23M increase.
  • Mendon Capital Advisors's biggest Q1 2020 reduction was Veritex Holdings, cutting an estimated $12.5M.
  • Mendon Capital Advisors fully exited Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00 in Q1 2020, selling an estimated $14.7M.
  • Mendon Capital Advisors's ten largest holdings make up 60% of its $204M portfolio in Q1 2020.
  • Mendon Capital Advisors opened 16 new positions and closed 26 in Q1 2020.
  • Mendon Capital Advisors's portfolio value fell 65% quarter-over-quarter to $204M.

Based on Mendon Capital Advisors's 13F filing for Q1 2020, filed 11 May 2020.