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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
-6.32%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$187M
AUM Growth
-$54.5M
Cap. Flow
-$103M
Cap. Flow %
-55.23%
Top 10 Hldgs %
49.23%
Holding
60
New
4
Increased
2
Reduced
35
Closed
11

Top Buys

Rank Stock Value
1
CALB
California BanCorp Common Stock
CALB
+$4.82M
2
MCHB
Mechanics Bancorp
MCHB
+$4.12M
3
FFWM
First Foundation Inc
FFWM
+$2.27M
4
AMTB icon
Amerant Bancorp
AMTB
+$1.24M
5
FRME icon
First Merchants
FRME
+$343K

Top Sells

Rank Stock Value
1
EQBK icon
Equity Bancshares
EQBK
+$13.7M
2
BFST icon
Business First Bancshares
BFST
+$9.4M
3
USCB icon
USCB Financial Holdings
USCB
+$8.74M
4
VBNK
VersaBank
VBNK
+$8.37M
5
FLG
Flagstar Bank National Association
FLG
+$7.67M

Sector Composition

Rank Sector Weight
1 Financials 93.87%
2 Real Estate 1.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BANC icon
51
Banc of California
BANC
$2.87B
– –
-146,507
Closed -$1.97M
BFIN
52
DELISTED
BankFinancial
BFIN
– –
-15,000
Closed -$154K
KBE icon
53
PUT
State Street SPDR S&P Bank ETF
KBE
$1.64B
– –
-75,000
Closed -$3.45M
KRE icon
54
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.51B
– –
-50,000
Closed -$2.62M
SPY icon
55
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
– –
-10,000
Closed -$4.75M
SSB icon
56
SouthState Bank Corp
SSB
$10.3B
– –
-12,500
Closed -$1.06M
TFIN icon
57
Triumph Financial Inc
TFIN
$1.81B
– –
-25,000
Closed -$2M
VLY icon
58
Valley National Bancorp
VLY
$7.9B
– –
-100,000
Closed -$1.09M
WFC icon
59
Wells Fargo
WFC
$254B
– –
-100,000
Closed -$4.92M
FLG
60
Flagstar Bank National Association
FLG
$5.87B
– –
-250,000
Closed -$7.67M
1 2
3

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Mendon Capital Advisors's Q1 2024 Portfolio in Review

As of Q1 2024, Mendon Capital Advisors held 60 positions worth $187M, down 23% from $241M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Mendon Capital Advisors withdrew a net $103M in Q1 2024, closing 11 positions and reducing 35 holdings. Its most notable exit was Flagstar Bank National Association, an estimated $7.67M position sold in full.

By sector, the portfolio is most concentrated in Financials at 94% of assets, up from 84% a quarter earlier, followed by Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Mechanics Bancorp worth $4.51M.

  • Mendon Capital Advisors's largest Q1 2024 buy was Mechanics Bancorp: 300,000 shares worth $4.51M.
  • Mendon Capital Advisors added most to California BanCorp Common Stock in Q1 2024, an estimated $4.82M increase.
  • Mendon Capital Advisors's biggest Q1 2024 reduction was Equity Bancshares, cutting an estimated $13.7M.
  • Mendon Capital Advisors fully exited Flagstar Bank National Association in Q1 2024, selling an estimated $7.67M.
  • Mendon Capital Advisors's ten largest holdings make up 49% of its $187M portfolio in Q1 2024.
  • Mendon Capital Advisors opened 4 new positions and closed 11 in Q1 2024.
  • Mendon Capital Advisors's portfolio value fell 23% quarter-over-quarter to $187M.

Based on Mendon Capital Advisors's 13F filing for Q1 2024, filed 15 May 2024.