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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 | |
|---|---|---|---|---|---|---|---|
|
PHLT
101
DELISTED
Performant Healthcare Inc
PHLT
| $992K | 0.13% |
583,418
+140,280
| +32% | +$243K |
2014 Q4
5 quarters
|
|
102
DELISTED
American Equity Investment Life Holding Company
AEL
| $928K | 0.12% |
55,210
-200,000
| -78% | -$3.24M |
2015 Q3
2 quarters
|
|
103
Univest Financial
UVSP
$1.14B
| $878K | 0.11% |
45,000
| – | – |
2015 Q4
1 quarter
|
|
|
OLBK
104
DELISTED
Old Line Bancshares, Inc.
OLBK
| $868K | 0.11% |
48,151
+3,130
| +7% | +$55.7K |
2015 Q4
1 quarter
|
|
105
Saratoga Investment
SAR
$238M
| $852K | 0.11% |
54,310
+30,100
| +124% | +$435K |
2015 Q4
1 quarter
|
|
|
CFNL
106
DELISTED
Cardinal Financial Corp
CFNL
| $842K | 0.11% |
+41,390
| New | +$810K |
2016 Q1
0 quarters
|
|
|
NHLD
107
DELISTED
National Holdings Corporation
NHLD
| $684K | 0.09% |
286,084
+19,988
| +8% | +$49.7K |
2015 Q3
2 quarters
|
|
108
Peoples Bancorp
PEBO
$1.32B
| $611K | 0.08% |
+31,270
| New | +$569K |
2016 Q1
0 quarters
|
|
|
BLMT
109
DELISTED
BSB Bancorp, Inc.
BLMT
| $415K | 0.05% |
18,474
-3,347
| -15% | -$73.9K |
2013 Q2
11 quarters
|
|
110
DELISTED
Heritage Commerce
HTBK
| $245K | 0.03% |
24,453
| – | – |
2015 Q2
3 quarters
|
|
111
PUT
American International
AIG
$42.2B
| – | – |
-75,000
| Closed | -$4.65M | – |
|
112
Bankwell Financial Group
BWFG
$522M
| – | – |
-103,284
| Closed | -$2.04M | – |
|
113
Community Healthcare Trust
CHCT
$379M
| – | – |
-220,738
| Closed | -$4.07M | – |
|
|
114
Fidelity National Information Services
FIS
$18.6B
| – | – |
-175,000
| Closed | -$10.6M | – |
|
115
PUT
Huntington Bancshares
HBAN
$30.9B
| – | – |
-150,000
| Closed | -$1.66M | – |
|
|
116
Hancock Whitney
HWC
$5.86B
| – | – |
-300,000
| Closed | -$7.55M | – |
|
117
PUT
Kinder Morgan
KMI
$76.2B
| – | – |
-550,000
| Closed | -$23.1M | – |
|
118
M&T Bank
MTB
$31.1B
| – | – |
-80,000
| Closed | -$3.9M | – |
|
119
PUT
Northern Trust
NTRS
$30.3B
| – | – |
-75,000
| Closed | -$5.41M | – |
|
120
PUT
iShares S&P 100 ETF
OEF
$20.4B
| – | – |
-112,500
| Closed | -$12.7M | – |
|
121
Prosperity Bancshares
PB
$8.15B
| – | – |
-150,000
| Closed | -$7.18M | – |
|
122
PUT
Progress Software
PRGS
$1.67B
| – | – |
-225,000
| Closed | -$7.16M | – |
|
123
PayPal
PYPL
$48.5B
| – | – |
-100,000
| Closed | -$3.62M | – |
|
124
Towne Bank
TOWN
$3.24B
| – | – |
-70,000
| Closed | -$1.46M | – |
|
125
PUT
US Bancorp Series B Preferred Stock
USB.PRH
$719M
| – | – |
-75,000
| Closed | -$3.2M | – |
|
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BC
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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.