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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
-41.79%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$204M
AUM Growth
-$378M
Cap. Flow
-$210M
Cap. Flow %
-103.14%
Top 10 Hldgs %
60.38%
Holding
79
New
16
Increased
4
Reduced
30
Closed
26

Top Buys

Rank Stock Value
1
GB
Global Blue Group Holding
GB
+$12.8M
2
SNV
Synovus
SNV
+$7.55M
3
PFHD
Professional Holding Corp. Class A Common stock
PFHD
+$4.94M
4
ALLY icon
Ally Financial
ALLY
+$3.53M
5
UMPQ
Umpqua Holdings Corp
UMPQ
+$2.33M

Top Sells

Rank Stock Value
1
FPAC.U
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
+$14.7M
2
VBTX
Veritex Holdings
VBTX
+$12.5M
3
FFWM
First Foundation Inc
FFWM
+$9.71M
4
ABCB icon
Ameris Bancorp
ABCB
+$8.43M
5
CARO
Carolina Financial Corp.
CARO
+$7.53M

Sector Composition

Rank Sector Weight
1 Financials 92.3%
2 Technology 6.07%
3 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBKC
76
DELISTED
IBERIABANK Corp
IBKC
– –
-40,000
Closed -$2.99M
CART
77
DELISTED
Carolina Trust BancShares
CART
– –
-149,678
Closed -$1.93M
IBTX
78
DELISTED
Independent Bank Group, Inc.
IBTX
– –
-34,900
Closed -$1.94M
STL
79
DELISTED
Sterling Bancorp
STL
– –
-50,000
Closed -$1.05M
1 2 3
4

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Mendon Capital Advisors's Q1 2020 Portfolio in Review

As of Q1 2020, Mendon Capital Advisors held 79 positions worth $204M, down 65% from $582M the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Mendon Capital Advisors withdrew a net $210M in Q1 2020, closing 26 positions and reducing 30 holdings. Its most notable exit was Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00, an estimated $14.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 92% of assets, up from 75% a quarter earlier, followed by Technology and Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Global Blue Group Holding worth $12.4M.

  • Mendon Capital Advisors's largest Q1 2020 buy was Global Blue Group Holding: 1,221,431 shares worth $12.4M.
  • Mendon Capital Advisors added most to Reliant Bancorp, Inc. Common Stock in Q1 2020, an estimated $1.23M increase.
  • Mendon Capital Advisors's biggest Q1 2020 reduction was Veritex Holdings, cutting an estimated $12.5M.
  • Mendon Capital Advisors fully exited Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00 in Q1 2020, selling an estimated $14.7M.
  • Mendon Capital Advisors's ten largest holdings make up 60% of its $204M portfolio in Q1 2020.
  • Mendon Capital Advisors opened 16 new positions and closed 26 in Q1 2020.
  • Mendon Capital Advisors's portfolio value fell 65% quarter-over-quarter to $204M.

Based on Mendon Capital Advisors's 13F filing for Q1 2020, filed 11 May 2020.