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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
-0.91%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$180M
AUM Growth
-$6.24M
Cap. Flow
-$11.2M
Cap. Flow %
-6.2%
Top 10 Hldgs %
48.33%
Holding
55
New
6
Increased
12
Reduced
22
Closed
6

Top Buys

Rank Stock Value
1
EQBK icon
Equity Bancshares
EQBK
+$11.3M
2
BFST icon
Business First Bancshares
BFST
+$7.2M
3
USCB icon
USCB Financial Holdings
USCB
+$6.1M
4
ABX
Abacus Global Management
ABX
+$6.03M
5
FFWM
First Foundation Inc
FFWM
+$2.34M

Top Sells

Rank Stock Value
1
FRST icon
Primis Financial Corp
FRST
+$8.95M
2
FBMS
The First Bancshares, Inc.
FBMS
+$8.07M
3
CADE
Cadence Bank
CADE
+$5.07M
4
CALB
California BanCorp Common Stock
CALB
+$4.72M
5
AMTB icon
Amerant Bancorp
AMTB
+$4.33M

Sector Composition

Rank Sector Weight
1 Financials 89.58%
2 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CADE
51
DELISTED
Cadence Bank
CADE
– –
-25,000
Closed -$5.07M
FRME icon
52
First Merchants
FRME
$2.74B
– –
-10,000
Closed -$349K
NBTB icon
53
NBT Bancorp
NBTB
$2.79B
– –
-40,000
Closed -$1.47M
NLY icon
54
Annaly Capital Management
NLY
$17.4B
– –
-50,000
Closed -$985K
LBAI
55
DELISTED
Lakeland Bancorp Inc
LBAI
– –
-6,224
Closed -$1.89M
1 2
3

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GWM
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FAFN
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BFP
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Mendon Capital Advisors's Q2 2024 Portfolio in Review

As of Q2 2024, Mendon Capital Advisors held 55 positions worth $180M, down 3.3% from $187M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Mendon Capital Advisors withdrew a net $11.2M in Q2 2024, closing 6 positions and reducing 22 holdings. Its most notable exit was Cadence Bank, an estimated $5.07M position sold in full.

By sector, the portfolio is most concentrated in Financials at 90% of assets, down from 94% a quarter earlier, followed by Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Abacus Global Management worth $4.97M.

  • Mendon Capital Advisors's largest Q2 2024 buy was Abacus Global Management: 537,235 shares worth $4.97M.
  • Mendon Capital Advisors added most to Equity Bancshares in Q2 2024, an estimated $11.3M increase.
  • Mendon Capital Advisors's biggest Q2 2024 reduction was Primis Financial Corp, cutting an estimated $8.95M.
  • Mendon Capital Advisors fully exited Cadence Bank in Q2 2024, selling an estimated $5.07M.
  • Mendon Capital Advisors's ten largest holdings make up 48% of its $180M portfolio in Q2 2024.
  • Mendon Capital Advisors opened 6 new positions and closed 6 in Q2 2024.
  • Mendon Capital Advisors's portfolio value fell 3.3% quarter-over-quarter to $180M.

Based on Mendon Capital Advisors's 13F filing for Q2 2024, filed 30 Aug 2024.