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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
-6.43%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$787M
AUM Growth
+$44.8M
(+6%)
Cap. Flow
-$46.8M
Cap. Flow
% of AUM
-5.95%
Top 10 Holdings %
Top 10 Hldgs %
37.85%
Holding
133
New
17
Increased
28
Reduced
32
Closed
23
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YDKN
Yadkin Financial Corporation
YDKN
|
+$21.6M |
| 2 |
OceanFirst Financial
OCFC
|
+$7.16M |
| 3 |
PSTB
Park Sterling Corp.
PSTB
|
+$6.83M |
| 4 |
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
|
+$5.19M |
| 5 |
BNCN
BNC Bancorp
BNCN
|
+$5.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBBC
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
|
+$17.6M |
| 2 |
ABCW
ANCHOR BANCORP WISCONSIN INC COMMON STOCK
ABCW
|
+$10.7M |
| 3 |
Fidelity National Information Services
FIS
|
+$10.6M |
| 4 |
BNK
C1 FINL INC COM STK (FL)
BNK
|
+$9.41M |
| 5 |
Hancock Whitney
HWC
|
+$7.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 64.02% |
| 2 | Miscellaneous | 33.32% |
| 3 | Consumer Discretionary | 1.76% |
| 4 | Real Estate | 0.42% |
| 5 | Industrials | 0.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
DELISTED
M&T Bank Corporation
MTB.WS
| $3.03M | 0.39% |
+80,000
| New | +$2.96M |
2016 Q1
0 quarters
|
|
|
SNBC
77
DELISTED
Sun Bancorp Inc
SNBC
| $2.97M | 0.38% |
143,538
| – | – |
2014 Q3
6 quarters
|
|
78
Stifel
SF
$10.2B
| $2.96M | 0.38% |
225,000
| – | – |
2015 Q4
1 quarter
|
|
79
NewtekOne
NEWT
$317M
| $2.93M | 0.37% |
234,090
-82,170
| -26% | -$940K |
2015 Q3
2 quarters
|
|
80
Atlantic Union Bankshares
AUB
$5.43B
| $2.75M | 0.35% |
+111,610
| New | +$2.58M |
2016 Q1
0 quarters
|
|
|
WFBI
81
DELISTED
WashingtonFirst Bankshares Inc
WFBI
| $2.52M | 0.32% |
120,932
-860
| -0.7% | -$17.6K |
2015 Q4
1 quarter
|
|
|
ABTX
82
DELISTED
Allegiance Bancshares
ABTX
| $2.42M | 0.31% |
131,440
| – | – |
2015 Q4
1 quarter
|
|
83
PUT
American Express
AXP
$211B
| $2.3M | 0.29% |
+37,500
| New | +$2.18M |
2016 Q1
0 quarters
|
|
84
Voya Financial
VOYA
$8.51B
| $2.23M | 0.28% |
75,000
-200,000
| -73% | -$6.05M |
2015 Q4
1 quarter
|
|
85
NBT Bancorp
NBTB
$2.64B
| $2.2M | 0.28% |
81,670
| – | – |
2013 Q2
11 quarters
|
|
86
United Community Banks
UCB
$4.1B
| $2.2M | 0.28% |
119,156
-87,930
| -42% | -$1.56M |
2015 Q3
2 quarters
|
|
|
FBNK
87
DELISTED
First Connecticut Bancorp, Inc
FBNK
| $2.08M | 0.26% |
130,000
| – | – |
2015 Q4
1 quarter
|
|
|
CARO
88
DELISTED
Carolina Financial Corp.
CARO
| $1.88M | 0.24% |
101,239
-2,279
| -2% | -$38.6K |
2015 Q4
1 quarter
|
|
89
Old Second Bancorp
OSBC
$1.27B
| $1.85M | 0.24% |
258,288
| – | – |
2015 Q4
1 quarter
|
|
90
Fifth Third Bancorp
FITB
$45.8B
| $1.67M | 0.21% |
100,000
| – | – |
2015 Q1
4 quarters
|
|
|
SOCB
91
DELISTED
SOUTHCOAST FINANCIAL CORP
SOCB
| $1.6M | 0.2% |
122,576
-3,965
| -3% | -$53.1K |
2013 Q2
11 quarters
|
|
92
Regions Financial
RF
$23.4B
| $1.57M | 0.2% |
200,000
| – | – |
2013 Q2
11 quarters
|
|
93
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $1.54M | 0.2% |
100,000
-56,167
| -36% | -$675K |
2015 Q4
1 quarter
|
|
|
GBNK
94
DELISTED
Guaranty Bancorp
GBNK
| $1.48M | 0.19% |
95,800
+45,800
| +92% | +$706K |
2015 Q2
3 quarters
|
|
|
SLCT
95
DELISTED
Select Bancorp, Inc.
SLCT
| $1.34M | 0.17% |
167,532
+16,370
| +11% | +$132K |
2013 Q4
9 quarters
|
|
|
COBZ
96
DELISTED
CoBiz Financial,Inc
COBZ
| $1.18M | 0.15% |
100,000
| – | – |
2013 Q2
11 quarters
|
|
97
DELISTED
CAI International, Inc.
CAI
| $1.15M | 0.15% |
119,150
| – | – |
2015 Q4
1 quarter
|
|
98
TFS Financial
TFSL
$4.57B
| $1.13M | 0.14% |
65,050
| – | – |
2013 Q2
11 quarters
|
|
|
SGBK
99
DELISTED
Stonegate Bank
SGBK
| $1.06M | 0.13% |
+35,410
| New | +$1.06M |
2016 Q1
0 quarters
|
|
100
DELISTED
Evans Bancorp Inc
EVBN
| $1.05M | 0.13% |
43,004
+9,685
| +29% | +$239K |
2015 Q2
3 quarters
|
|
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Mendon Capital Advisors's Q1 2016 Portfolio in Review
As of Q1 2016, Mendon Capital Advisors held 133 positions worth $787M, up 6% from $742M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Mendon Capital Advisors withdrew a net $46.8M in Q1 2016, closing 23 positions and reducing 32 holdings. Its most notable exit was NEWBRIDGE BANCORP CLASS A COM STK (NC), an estimated $17.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 64% of assets, down from 72% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Mendon Capital Advisors opened a new position in OceanFirst Financial worth $7.21M.
- Mendon Capital Advisors's largest Q1 2016 buy was OceanFirst Financial: 407,900 shares worth $7.21M.
- Mendon Capital Advisors added most to Yadkin Financial Corporation in Q1 2016, an estimated $21.6M increase.
- Mendon Capital Advisors's biggest Q1 2016 reduction was C1 FINL INC COM STK (FL), cutting an estimated $9.41M.
- Mendon Capital Advisors fully exited NEWBRIDGE BANCORP CLASS A COM STK (NC) in Q1 2016, selling an estimated $17.6M.
- Mendon Capital Advisors's ten largest holdings make up 38% of its $787M portfolio in Q1 2016.
- Mendon Capital Advisors opened 17 new positions and closed 23 in Q1 2016.
- Mendon Capital Advisors's portfolio value rose 6% quarter-over-quarter to $787M.
Based on Mendon Capital Advisors's 13F filing for Q1 2016, filed 9 May 2016.