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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
+6.22%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
-$63M
Cap. Flow
-$84.2M
Cap. Flow %
-7.05%
Top 10 Hldgs %
34.02%
Holding
128
New
14
Increased
21
Reduced
43
Closed
19
Avg Time Held Equity + Options
1.5 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
0.8 years
Avg Time Held Equity only
1.8 years
Top 10 Avg Time Held Equity only
0.9 years
Top 20 Avg Time Held Equity only
0.7 years

Top Buys

Rank Stock Value
1
LOB icon
Live Oak Bancshares
LOB
+$27.8M
2
FBK icon
FB Financial Corp
FBK
+$9.72M
3
LION icon
Fidelity Southern Corporation
LION
+$5.59M
4
TFIN icon
Triumph Financial Inc
TFIN
+$5.06M
5
CNOB icon
Center Bancorp
CNOB
+$3.92M

Top Sells

Rank Stock Value
1
AF
Astoria Financial Corporation
AF
+$13.1M
2
FIBK icon
First Interstate BancSystem
FIBK
+$12.4M
3
ABCB icon
Ameris Bancorp
ABCB
+$8.89M
4
BKU icon
Bankunited
BKU
+$6.72M
5
GBNK
Guaranty Bancorp
GBNK
+$6.55M

Sector Composition

Rank Sector Weight
1 Financials 68.55%
2 Miscellaneous 31.36%
3 Healthcare 0.09%
4 Consumer Discretionary 0%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
FIBK icon
76
First Interstate BancSystem
FIBK
$3.36B
$4.72M 0.39%
123,341
-342,890
-74% -$12.4M
2017 Q2
1 quarter
SNV icon
77
DELISTED
Synovus
SNV
$4.61M 0.39%
100,000
– –
2013 Q2
17 quarters
FRST icon
78
Primis Financial Corp
FRST
$389M
$4.58M 0.38%
269,417
-50,000
-16% -$838K
2013 Q2
17 quarters
ETFC
79
DELISTED
E*Trade Financial Corporation
ETFC
$4.36M 0.37%
100,000
-100,000
-50% -$4.06M
2015 Q3
8 quarters
CNOB icon
80
Center Bancorp
CNOB
$1.55B
$4.25M 0.36%
+172,571
New +$3.92M
2017 Q3
0 quarters
TFSL icon
81
TFS Financial
TFSL
$4.63B
$4.01M 0.34%
+248,860
New +$3.85M
2017 Q3
0 quarters
AIG icon
82
PUT
American International
AIG
$42.2B
$3.93M 0.33%
64,000
-112,000
-64% -$6.98M
2016 Q3
4 quarters
EVBN icon
83
DELISTED
Evans Bancorp Inc
EVBN
$3.92M 0.33%
90,644
– –
2015 Q2
9 quarters
STI icon
84
PUT
DELISTED
SunTrust Banks, Inc.
STI
$3.83M 0.32%
+64,000
New +$3.62M
2017 Q3
0 quarters
FITB icon
85
PUT
Fifth Third Bancorp
FITB
$46.6B
$3.58M 0.3%
128,000
-136,000
-52% -$3.61M
2016 Q4
3 quarters
MN icon
86
DELISTED
MANNING & NAPIER, INC.
MN
$3.57M 0.3%
903,497
– –
2015 Q3
8 quarters
HIG icon
87
PUT
Hartford Financial Services
HIG
$36.4B
$3.55M 0.3%
+64,000
New +$3.48M
2017 Q3
0 quarters
MTB.WS icon
88
DELISTED
M&T Bank Corporation
MTB.WS
$3.42M 0.29%
40,000
– –
2016 Q1
6 quarters
BNY icon
89
PUT
Bank of New York Mellon
BNY
$98.1B
$3.39M 0.28%
64,000
-24,000
-27% -$1.26M
2015 Q4
7 quarters
SNBC
90
DELISTED
Sun Bancorp Inc
SNBC
$3.32M 0.28%
133,688
– –
2014 Q3
12 quarters
CADE icon
91
DELISTED
Cadence Bank
CADE
$3.21M 0.27%
100,000
+16,640
+20% +$498K
2017 Q1
2 quarters
BRKL icon
92
DELISTED
Brookline Bancorp
BRKL
$3.1M 0.26%
200,000
-154,795
-44% -$2.24M
2017 Q2
1 quarter
PGR icon
93
PUT
Progressive
PGR
$126B
$3.1M 0.26%
64,000
-24,000
-27% -$1.12M
2016 Q4
3 quarters
STT icon
94
PUT
State Street
STT
$46B
$3.06M 0.26%
32,000
-56,000
-64% -$5.21M
2017 Q1
2 quarters
SHBI icon
95
Shore Bancshares
SHBI
$766M
$2.96M 0.25%
177,750
-22,250
-11% -$369K
2014 Q2
13 quarters
BBT icon
96
Beacon Financial Corp
BBT
$2.33B
$2.91M 0.24%
75,000
-115,830
-61% -$4.08M
2017 Q2
1 quarter
COBZ
97
DELISTED
CoBiz Financial,Inc
COBZ
$2.47M 0.21%
125,782
– –
2013 Q2
17 quarters
BANC icon
98
Banc of California
BANC
$2.76B
$2.08M 0.17%
+100,000
New +$1.97M
2017 Q3
0 quarters
FBNK
99
DELISTED
First Connecticut Bancorp, Inc
FBNK
$1.59M 0.13%
59,454
-126,400
-68% -$3.21M
2015 Q4
7 quarters
RF icon
100
Regions Financial
RF
$23.7B
$1.52M 0.13%
100,000
-350,000
-78% -$5.03M
2017 Q1
2 quarters
2 3
4
5 6

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Mendon Capital Advisors's Q3 2017 Portfolio in Review

As of Q3 2017, Mendon Capital Advisors held 128 positions worth $1.19B, down 5% from $1.26B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Mendon Capital Advisors withdrew a net $84.2M in Q3 2017, closing 19 positions and reducing 43 holdings. Its most notable exit was Astoria Financial Corporation, an estimated $13.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 67% a quarter earlier, followed by Miscellaneous and Healthcare.

Against the trend, Mendon Capital Advisors opened a new position in Live Oak Bancshares worth $27.9M.

  • Mendon Capital Advisors's largest Q3 2017 buy was Live Oak Bancshares: 1,189,760 shares worth $27.9M.
  • Mendon Capital Advisors added most to FB Financial Corp in Q3 2017, an estimated $9.72M increase.
  • Mendon Capital Advisors's biggest Q3 2017 reduction was First Interstate BancSystem, cutting an estimated $12.4M.
  • Mendon Capital Advisors fully exited Astoria Financial Corporation in Q3 2017, selling an estimated $13.1M.
  • Mendon Capital Advisors's ten largest holdings make up 34% of its $1.19B portfolio in Q3 2017.
  • Mendon Capital Advisors opened 14 new positions and closed 19 in Q3 2017.
  • Mendon Capital Advisors's portfolio value fell 5% quarter-over-quarter to $1.19B.

Based on Mendon Capital Advisors's 13F filing for Q3 2017, filed 14 Nov 2017.