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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
+14.94%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$196M
AUM Growth
-$7.17M
Cap. Flow
-$29.3M
Cap. Flow %
-14.9%
Top 10 Hldgs %
52.75%
Holding
70
New
17
Increased
11
Reduced
29
Closed
11

Top Buys

Rank Stock Value
1
FHN icon
First Horizon
FHN
+$5.95M
2
BUSE icon
First Busey Corp
BUSE
+$2.85M
3
CNNE icon
Cannae Holdings
CNNE
+$2.57M
4
WFC icon
Wells Fargo
WFC
+$2.46M
5
BKU icon
Bankunited
BKU
+$2.25M

Top Sells

Rank Stock Value
1
FBK icon
FB Financial Corp
FBK
+$8.79M
2
CARO
Carolina Financial Corp.
CARO
+$5.94M
3
BCML icon
BayCom
BCML
+$5.91M
4
ABCB icon
Ameris Bancorp
ABCB
+$5.28M
5
VBTX
Veritex Holdings
VBTX
+$5.25M

Sector Composition

Rank Sector Weight
1 Financials 91.98%
2 Technology 4.17%
3 Consumer Discretionary 1.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LMST
51
DELISTED
Limestone Bancorp, Inc. Common Stock
LMST
$401K 0.2%
30,438
-4,679
-13% -$56.7K
MS icon
52
Morgan Stanley
MS
$333B
$388K 0.2%
+8,037
New +$338K
C icon
53
Citigroup
C
$222B
$356K 0.18%
+6,965
New +$330K
HTBK
54
DELISTED
Heritage Commerce
HTBK
$290K 0.15%
38,615
-8,965
-19% -$70.3K
OMF icon
55
OneMain Financial
OMF
$7.19B
$221K 0.11%
+9,011
New +$205K
ESXB
56
DELISTED
Community Bankers Trust Corporation
ESXB
$209K 0.11%
38,045
-8,657
-19% -$45.2K
AMAL icon
57
Amalgamated Financial
AMAL
$1.49B
$208K 0.11%
16,473
-385,077
-96% -$4.08M
FPAC.WS
58
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$170K 0.09%
340,518
-112,383
-25% -$65.8K
PTRS
59
DELISTED
Partners Bancorp Common Stock
PTRS
$74K 0.04%
+11,292
New +$78.7K
BCML icon
60
BayCom
BCML
$335M
– –
-489,978
Closed -$5.91M
BBT
61
Beacon Financial Corp
BBT
$2.51B
– –
-50,000
Closed -$743K
BSVN icon
62
Bank7 Corp
BSVN
$478M
– –
-285,673
Closed -$2.27M
CFG icon
63
Citizens Financial Group
CFG
$30.8B
– –
-31,240
Closed -$588K
ISTR icon
64
Investar Holding Corp
ISTR
$415M
– –
-174,914
Closed -$2.23M
KEY icon
65
KeyCorp
KEY
$24.3B
– –
-60,000
Closed -$622K
STEL
66
DELISTED
Stellar Bancorp
STEL
– –
-39,462
Closed -$701K
USB icon
67
US Bancorp
USB
$100B
– –
-35,000
Closed -$1.21M
UMPQ
68
DELISTED
Umpqua Holdings Corp
UMPQ
– –
-150,000
Closed -$1.64M
ETFC
69
DELISTED
E*Trade Financial Corporation
ETFC
– –
-18,182
Closed -$624K
CARO
70
DELISTED
Carolina Financial Corp.
CARO
– –
-229,624
Closed -$5.94M
1 2
3

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SI
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GWM
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FAFN
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BFP
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Mendon Capital Advisors's Q2 2020 Portfolio in Review

As of Q2 2020, Mendon Capital Advisors held 70 positions worth $196M, down 3.5% from $204M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Mendon Capital Advisors withdrew a net $29.3M in Q2 2020, closing 11 positions and reducing 29 holdings. Its most notable exit was Carolina Financial Corp., an estimated $5.94M position sold in full.

By sector, the portfolio is most concentrated in Financials at 92% of assets, down from 92% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Mendon Capital Advisors opened a new position in First Busey Corp worth $3.07M.

  • Mendon Capital Advisors's largest Q2 2020 buy was First Busey Corp: 164,562 shares worth $3.07M.
  • Mendon Capital Advisors added most to First Horizon in Q2 2020, an estimated $5.95M increase.
  • Mendon Capital Advisors's biggest Q2 2020 reduction was FB Financial Corp, cutting an estimated $8.79M.
  • Mendon Capital Advisors fully exited Carolina Financial Corp. in Q2 2020, selling an estimated $5.94M.
  • Mendon Capital Advisors's ten largest holdings make up 53% of its $196M portfolio in Q2 2020.
  • Mendon Capital Advisors opened 17 new positions and closed 11 in Q2 2020.
  • Mendon Capital Advisors's portfolio value fell 3.5% quarter-over-quarter to $196M.

Based on Mendon Capital Advisors's 13F filing for Q2 2020, filed 5 Aug 2020.