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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
-2.04%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$200M
AUM Growth
-$104M
(-34%)
Cap. Flow
-$90.1M
Cap. Flow
% of AUM
-45.03%
Top 10 Holdings %
Top 10 Hldgs %
36.83%
Holding
115
New
15
Increased
13
Reduced
52
Closed
28
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OPB
Opus Bank Common Stock
OPB
|
+$5.1M |
| 2 |
HomeTrust Bancshares
HTB
|
+$4.66M |
| 3 |
Banc of California
BANC
|
+$2.14M |
| 4 |
US Bancorp
USB
|
+$2.09M |
| 5 |
Shore Bancshares
SHBI
|
+$2.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$14.3M |
| 2 |
FUBC
1st United Bancorp (Florida)
FUBC
|
+$9.04M |
| 3 |
Charles Schwab
SCHW
|
+$6.56M |
| 4 |
COWN
Cowen Inc. Class A Common Stock
COWN
|
+$5.02M |
| 5 |
OABC
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
|
+$3.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 67.92% |
| 2 | Miscellaneous | 28.27% |
| 3 | Real Estate | 3.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
First Bancorp
FBNC
$2.5B
| $367K | 0.18% |
+20,000
| New | +$360K |
2014 Q2
0 quarters
|
|
|
HEOP
77
DELISTED
Heritage Oaks Bancorp
HEOP
| $299K | 0.15% |
39,230
-10,033
| -20% | -$76.3K |
2013 Q2
4 quarters
|
|
|
BLMT
78
DELISTED
BSB Bancorp, Inc.
BLMT
| $279K | 0.14% |
16,268
+520
| +3% | +$9.09K |
2013 Q2
4 quarters
|
|
|
GBNK
79
DELISTED
Guaranty Bancorp
GBNK
| $256K | 0.13% |
18,452
-55,998
| -75% | -$756K |
2014 Q1
1 quarter
|
|
|
CZFC
80
DELISTED
Citizens First Corporation
CZFC
| $182K | 0.09% |
16,578
+240
| +1% | +$2.55K |
2014 Q1
1 quarter
|
|
|
FCVA
81
DELISTED
FIRST CAPITAL BANCORP (VA)
FCVA
| $130K | 0.07% |
28,892
-96,304
| -77% | -$425K |
2013 Q3
3 quarters
|
|
|
SLCT
82
DELISTED
Select Bancorp, Inc.
SLCT
| $104K | 0.05% |
15,691
-121,070
| -89% | -$836K |
2013 Q4
2 quarters
|
|
83
Bankunited
BKU
$2.98B
| – | – |
-50,000
| Closed | -$1.74M | – |
|
84
Customers Bancorp
CUBI
$2.52B
| – | – |
-22,110
| Closed | -$420K | – |
|
85
First Horizon
FHN
$10.9B
| – | – |
-100,000
| Closed | -$1.23M | – |
|
86
Financial Institutions
FISI
$777M
| – | – |
-39,500
| Closed | -$909K | – |
|
87
Fifth Third Bancorp
FITB
$45.7B
| – | – |
-50,000
| Closed | -$1.15M | – |
|
88
Genworth Financial
GNW
$3.39B
| – | – |
-50,000
| Closed | -$887K | – |
|
89
Ladder Capital
LADR
$1.16B
| – | – |
-88,189
| Closed | -$1.34M | – |
|
90
PUT
Morgan Stanley
MS
$284B
| – | – |
-150,000
| Closed | -$4.68M | – |
|
91
Rithm Capital
RITM
$4.83B
| – | – |
-150,000
| Closed | -$1.94M | – |
|
|
92
Charles Schwab
SCHW
$159B
| – | – |
-250,000
| Closed | -$6.56M | – |
|
93
Southern First Bancshares
SFST
$568M
| – | – |
-50,500
| Closed | -$700K | – |
|
94
Waterstone Financial
WSBF
$358M
| – | – |
-325,000
| Closed | -$3.38M | – |
|
95
DELISTED
Evans Bancorp Inc
EVBN
| – | – |
-32,100
| Closed | -$730K | – |
|
|
MLVF
96
DELISTED
Malvern Bancorp, Inc.
MLVF
| – | – |
-100,000
| Closed | -$1.02M | – |
|
|
SC
97
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| – | – |
-75,000
| Closed | -$1.81M | – |
|
|
UBNK
98
DELISTED
United Financial Bancorp, Inc.
UBNK
| – | – |
-50,000
| Closed | -$920K | – |
|
|
MSL
99
DELISTED
Midsouth Bancorp, Inc.
MSL
| – | – |
-39,300
| Closed | -$662K | – |
|
100
DELISTED
Fortress Investment Group Llc
FIG
| – | – |
-274,393
| Closed | -$2.03M | – |
|
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Mendon Capital Advisors's Q2 2014 Portfolio in Review
As of Q2 2014, Mendon Capital Advisors held 115 positions worth $200M, down 34% from $304M the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Mendon Capital Advisors withdrew a net $90.1M in Q2 2014, closing 28 positions and reducing 52 holdings. Its most notable exit was Charles Schwab, an estimated $6.56M position sold in full.
By sector, the portfolio is most concentrated in Financials at 68% of assets, up from 63% a quarter earlier, followed by Miscellaneous and Real Estate.
Against the trend, Mendon Capital Advisors opened a new position in Opus Bank Common Stock worth $4.95M.
- Mendon Capital Advisors's largest Q2 2014 buy was Opus Bank Common Stock: 170,380 shares worth $4.95M.
- Mendon Capital Advisors added most to HomeTrust Bancshares in Q2 2014, an estimated $4.66M increase.
- Mendon Capital Advisors's biggest Q2 2014 reduction was Investors Bancorp, Inc., cutting an estimated $14.3M.
- Mendon Capital Advisors fully exited Charles Schwab in Q2 2014, selling an estimated $6.56M.
- Mendon Capital Advisors's ten largest holdings make up 37% of its $200M portfolio in Q2 2014.
- Mendon Capital Advisors opened 15 new positions and closed 28 in Q2 2014.
- Mendon Capital Advisors's portfolio value fell 34% quarter-over-quarter to $200M.
Based on Mendon Capital Advisors's 13F filing for Q2 2014, filed 12 Aug 2014.