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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
SIFI icon
101
DELISTED
SI Financial Group, Inc. NEW MD
SIFI
$1.5M 0.13%
100,000
– –
2017 Q2
1 quarter
SLCT
102
DELISTED
Select Bancorp, Inc.
SLCT
$1.14M 0.1%
97,066
– –
2013 Q4
15 quarters
PHLT
103
DELISTED
Performant Healthcare Inc
PHLT
$1.06M 0.09%
583,418
– –
2014 Q4
11 quarters
ESQ icon
104
Esquire Financial Holdings
ESQ
$1.44B
$714K 0.06%
44,400
– –
2017 Q2
1 quarter
CIVB icon
105
Civista Bancshares
CIVB
$558M
$488K 0.04%
21,860
– –
2017 Q1
2 quarters
BCTF
106
DELISTED
Bancorp 34, Inc. Common Stock
BCTF
$483K 0.04%
34,489
– –
2016 Q4
3 quarters
ISTR icon
107
Investar Holding Corp
ISTR
$395M
$345K 0.03%
14,330
– –
2017 Q1
2 quarters
FSBC icon
108
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
$291K 0.02%
17,550
– –
2016 Q3
4 quarters
MELR
109
DELISTED
Melrose Bancorp, Inc.
MELR
$239K 0.02%
+12,000
New +$220K
2017 Q3
0 quarters
AER icon
110
AerCap
AER
$22.9B
– –
-100,000
Closed -$4.64M –
AFL icon
111
PUT
Aflac
AFL
$59.2B
– –
-176,000
Closed -$6.84M –
CAC icon
112
Camden National
CAC
$944M
– –
-120,000
Closed -$5.15M –
DFS icon
113
DELISTED
Discover Financial Services
DFS
– –
-37,500
Closed -$2.33M –
FHN icon
114
First Horizon
FHN
$10.8B
– –
-200,000
Closed -$3.48M –
KRNY icon
115
Kearny Financial
KRNY
$569M
– –
-113,212
Closed -$1.68M –
OSBC icon
116
Old Second Bancorp
OSBC
$1.26B
– –
-283,288
Closed -$3.27M –
PFS icon
117
Provident Financial Services
PFS
$2.9B
– –
-125,000
Closed -$3.17M –
SSB icon
118
SouthState Bank Corp
SSB
$9.82B
– –
-50,000
Closed -$4.29M –
TRV icon
119
PUT
Travelers Companies
TRV
$80.1B
– –
-44,000
Closed -$5.57M –
HTB icon
120
HomeTrust Bancshares
HTB
$769M
– –
-248,939
Closed -$6.07M –
FMBI
121
DELISTED
First Midwest Bancorp Inc/IL
FMBI
– –
-150,000
Closed -$3.5M –
HBMD
122
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
– –
-20,180
Closed -$388K –
AMTD icon
123
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-220,000
Closed -$9.46M –
NCOM
124
DELISTED
National Commerce Corporation
NCOM
– –
-15,070
Closed -$596K –
BLMT
125
DELISTED
BSB Bancorp, Inc.
BLMT
– –
-21,408
Closed -$626K –
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.