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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
+0.96%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$593M
AUM Growth
-$45.1M
(-7.1%)
Cap. Flow
-$49.8M
Cap. Flow
% of AUM
-8.39%
Top 10 Holdings %
Top 10 Hldgs %
53.4%
Holding
84
New
17
Increased
15
Reduced
36
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameris Bancorp
ABCB
|
+$10.6M |
| 2 |
STXB
Spirit of Texas Bancshares, Inc. Common Stock
STXB
|
+$10.3M |
| 3 |
CFB
CrossFirst Bankshares, Inc. Common Stock
CFB
|
+$5.76M |
| 4 |
IBKC
IBERIABANK Corp
IBKC
|
+$2.95M |
| 5 |
Oportun Financial
OPRT
|
+$2.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LION
Fidelity Southern Corporation
LION
|
+$26.3M |
| 2 |
Triumph Financial Inc
TFIN
|
+$19.7M |
| 3 |
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
|
+$17.1M |
| 4 |
UBNK
United Financial Bancorp, Inc.
UBNK
|
+$13.1M |
| 5 |
FB Financial Corp
FBK
|
+$9.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 74.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Peapack-Gladstone Financial
PGC
$835M
| – | – |
-32,892
| Closed | -$925K |
|
77
PUT
Truist Financial
TFC
$64.2B
| – | – |
-41,000
| Closed | -$2.01M |
|
78
Unum
UNM
$13.9B
| – | – |
-25,000
| Closed | -$839K |
|
|
FLG
79
CALL
Flagstar Bank National Association
FLG
$5.77B
| – | – |
-22,800
| Closed | -$681K |
|
|
ISBC
80
DELISTED
Investors Bancorp, Inc.
ISBC
| – | – |
-95,000
| Closed | -$1.06M |
|
|
ACBI
81
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| – | – |
-1,001,601
| Closed | -$17.1M |
|
|
UBNK
82
DELISTED
United Financial Bancorp, Inc.
UBNK
| – | – |
-924,317
| Closed | -$13.1M |
|
|
LION
83
DELISTED
Fidelity Southern Corporation
LION
| – | – |
-847,786
| Closed | -$26.3M |
|
|
CADE
84
CALL
DELISTED
Cadence Bancorporation
CADE
| – | – |
-15,200
| Closed | -$316K |
|
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Mendon Capital Advisors's Q3 2019 Portfolio in Review
As of Q3 2019, Mendon Capital Advisors held 84 positions worth $593M, down 7.1% from $638M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Mendon Capital Advisors withdrew a net $49.8M in Q3 2019, closing 13 positions and reducing 36 holdings. Its most notable exit was Fidelity Southern Corporation, an estimated $26.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 75% of assets, down from 84% a quarter earlier.
Against the trend, Mendon Capital Advisors opened a new position in CrossFirst Bankshares, Inc. Common Stock worth $5.71M.
- Mendon Capital Advisors's largest Q3 2019 buy was CrossFirst Bankshares, Inc. Common Stock: 399,560 shares worth $5.71M.
- Mendon Capital Advisors added most to Ameris Bancorp in Q3 2019, an estimated $10.6M increase.
- Mendon Capital Advisors's biggest Q3 2019 reduction was Triumph Financial Inc, cutting an estimated $19.7M.
- Mendon Capital Advisors fully exited Fidelity Southern Corporation in Q3 2019, selling an estimated $26.3M.
- Mendon Capital Advisors's ten largest holdings make up 53% of its $593M portfolio in Q3 2019.
- Mendon Capital Advisors opened 17 new positions and closed 13 in Q3 2019.
- Mendon Capital Advisors's portfolio value fell 7.1% quarter-over-quarter to $593M.
Based on Mendon Capital Advisors's 13F filing for Q3 2019, filed 12 Nov 2019.