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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
+2.72%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.05B
AUM Growth
-$145M
Cap. Flow
-$176M
Cap. Flow %
-16.77%
Top 10 Hldgs %
35.21%
Holding
123
New
14
Increased
22
Reduced
41
Closed
22

Top Buys

1
SSB icon
SouthState Bank Corp
SSB
+$41.3M
2
SNBC
Sun Bancorp Inc
SNBC
+$12.5M
3
IBTX
Independent Bank Group, Inc.
IBTX
+$9.79M
4
PACW
PacWest Bancorp
PACW
+$9.54M
5
CURO
CURO Group Holdings Corp.
CURO
+$9.14M

Top Sells

1
PSTB
Park Sterling Corp.
PSTB
+$41.1M
2
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$13.3M
3
HFWA icon
Heritage Financial
HFWA
+$11.8M
4
STBZ
State Bank Financial Corporation. Common Stock
STBZ
+$8.6M
5
CBF
Capital Bank Financial Corp. Class A Common Stock
CBF
+$8.21M

Sector Composition

1 Financials 74.19%
2 Real Estate 0.41%
3 Healthcare 0.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MELR
101
DELISTED
Melrose Bancorp, Inc.
MELR
$237K 0.02%
11,851
-149
-1% -$2.85K
AIG icon
102
PUT
American International
AIG
$42.7B
– –
-64,000
Closed -$3.93M
ALL icon
103
PUT
Allstate
ALL
$64.3B
– –
-64,000
Closed -$5.88M
ALLY icon
104
PUT
Ally Financial
ALLY
$14B
– –
-448,000
Closed -$10.9M
BNY
105
PUT
Bank of New York Mellon
BNY
$108B
– –
-64,000
Closed -$3.39M
BRKL
106
DELISTED
Brookline Bancorp
BRKL
– –
-200,000
Closed -$3.1M
CADE
107
DELISTED
Cadence Bank
CADE
– –
-100,000
Closed -$3.21M
CB icon
108
PUT
Chubb
CB
$137B
– –
-64,000
Closed -$9.12M
COF icon
109
PUT
Capital One
COF
$128B
– –
-128,000
Closed -$10.8M
HFWA icon
110
Heritage Financial
HFWA
$1.26B
– –
-400,000
Closed -$11.8M
MCHB
111
Mechanics Bancorp
MCHB
$3.6B
– –
-283,850
Closed -$7.66M
PGR icon
112
PUT
Progressive
PGR
$121B
– –
-64,000
Closed -$3.1M
SCHW
113
PUT
Charles Schwab
SCHW
$177B
– –
-192,000
Closed -$8.4M
SHBI icon
114
Shore Bancshares
SHBI
$776M
– –
-177,750
Closed -$2.96M
STT icon
115
PUT
State Street
STT
$50.5B
– –
-32,000
Closed -$3.06M
SYF icon
116
PUT
Synchrony
SYF
$24.8B
– –
-288,000
Closed -$8.94M
ZION icon
117
PUT
Zions Bancorporation
ZION
$10.6B
– –
-160,000
Closed -$7.55M
STBZ
118
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
– –
-300,000
Closed -$8.6M
FBNK
119
DELISTED
First Connecticut Bancorp, Inc
FBNK
– –
-59,454
Closed -$1.59M
CBF
120
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
– –
-200,000
Closed -$8.21M
FSBK
121
DELISTED
First South Bancorp Inc/VA
FSBK
– –
-273,536
Closed -$5.07M
ASBB
122
DELISTED
ASB Bancorp Inc
ASBB
– –
-105,823
Closed -$4.77M
PSTB
123
DELISTED
Park Sterling Corp.
PSTB
– –
-3,307,658
Closed -$41.1M
1 2 3 4
5

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SI
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GWM
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T
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FAFN
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BFP
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Mendon Capital Advisors's Q4 2017 Portfolio in Review

As of Q4 2017, Mendon Capital Advisors held 123 positions worth $1.05B, down 12% from $1.19B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Mendon Capital Advisors withdrew a net $176M in Q4 2017, closing 22 positions and reducing 41 holdings. Its most notable exit was Park Sterling Corp., an estimated $41.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 74% of assets, up from 64% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Mendon Capital Advisors opened a new position in SouthState Bank Corp worth $40.1M.

  • Mendon Capital Advisors's largest Q4 2017 buy was SouthState Bank Corp: 460,447 shares worth $40.1M.
  • Mendon Capital Advisors added most to Sun Bancorp Inc in Q4 2017, an estimated $12.5M increase.
  • Mendon Capital Advisors's biggest Q4 2017 reduction was Pinnacle Financial Partners Inc, cutting an estimated $13.3M.
  • Mendon Capital Advisors fully exited Park Sterling Corp. in Q4 2017, selling an estimated $41.1M.
  • Mendon Capital Advisors's ten largest holdings make up 35% of its $1.05B portfolio in Q4 2017.
  • Mendon Capital Advisors opened 14 new positions and closed 22 in Q4 2017.
  • Mendon Capital Advisors's portfolio value fell 12% quarter-over-quarter to $1.05B.

Based on Mendon Capital Advisors's 13F filing for Q4 2017, filed 14 Feb 2018.