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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
+2.95%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
+$86.4M
(+7.8%)
Cap. Flow
+$59M
Cap. Flow
% of AUM
4.97%
Top 10 Holdings %
Top 10 Hldgs %
35.88%
Holding
115
New
13
Increased
33
Reduced
47
Closed
10
Avg Time Held Equity + Options
1.7
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
1.1
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FB Financial Corp
FBK
|
+$30.5M |
| 2 |
Regions Financial
RF
|
+$14M |
| 3 |
FPAC.U
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
|
+$14M |
| 4 |
KeyCorp
KEY
|
+$14M |
| 5 |
Triumph Financial Inc
TFIN
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OceanFirst Financial
OCFC
|
+$20.7M |
| 2 |
SouthState Bank Corp
SSB
|
+$10.6M |
| 3 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$8.55M |
| 4 |
Valley National Bancorp
VLY
|
+$8.22M |
| 5 |
ACFC
Atlantic Coast Financial Corporation
ACFC
|
+$7.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 76.51% |
| 2 | Miscellaneous | 23.43% |
| 3 | Healthcare | 0.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
STXB
101
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
| $409K | 0.03% |
+19,847
| New | +$418K |
2018 Q2
0 quarters
|
|
|
MFNC
102
DELISTED
Mackinac Financial Corporation
MFNC
| $340K | 0.03% |
+20,518
| New | +$328K |
2018 Q2
0 quarters
|
|
103
DELISTED
FSB Bancorp, Inc. Common Stock
FSBC
| $305K | 0.03% |
17,177
-140
| -0.8% | -$2.44K |
2016 Q3
7 quarters
|
|
|
MELR
104
DELISTED
Melrose Bancorp, Inc.
MELR
| $231K | 0.02% |
11,756
-95
| -0.8% | -$1.87K |
2017 Q3
3 quarters
|
|
105
Business First Bancshares
BFST
$1.02B
| $213K | 0.02% |
+8,077
| New | +$206K |
2018 Q2
0 quarters
|
|
106
Beacon Financial Corp
BBT
$2.3B
| – | – |
-75,000
| Closed | -$2.85M | – |
|
107
DELISTED
Cadence Bank
CADE
| – | – |
-50,395
| Closed | -$1.6M | – |
|
108
PUT
DELISTED
Comerica
CMA
| – | – |
-29,000
| Closed | -$2.78M | – |
|
109
PUT
Fifth Third Bancorp
FITB
$45.8B
| – | – |
-116,000
| Closed | -$3.68M | – |
|
110
PUT
Truist Financial
TFC
$57.8B
| – | – |
-116,000
| Closed | -$6.04M | – |
|
111
PUT
Zions Bancorporation
ZION
$9.24B
| – | – |
-116,000
| Closed | -$6.12M | – |
|
|
PCSB
112
DELISTED
PCSB Financial Corporation
PCSB
| – | – |
-291,630
| Closed | -$6.12M | – |
|
113
PUT
DELISTED
SunTrust Banks, Inc.
STI
| – | – |
-87,000
| Closed | -$5.92M | – |
|
|
ACFC
114
DELISTED
Atlantic Coast Financial Corporation
ACFC
| – | – |
-691,242
| Closed | -$7.12M | – |
|
|
BYBK
115
DELISTED
Bay Bancorp, Inc.
BYBK
| – | – |
-481,470
| Closed | -$6.48M | – |
|
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Mendon Capital Advisors's Q2 2018 Portfolio in Review
As of Q2 2018, Mendon Capital Advisors held 115 positions worth $1.19B, up 7.8% from $1.1B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Mendon Capital Advisors deployed $59M of net new capital in Q2 2018, opening 13 new positions and adding to 33 existing holdings. Its largest new stake was Regions Financial: 750,000 shares worth $13.3M.
By sector, the portfolio is most concentrated in Financials at 77% of assets, up from 76% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was OceanFirst Financial, an estimated $20.7M trimmed.
- Mendon Capital Advisors's largest Q2 2018 buy was Regions Financial: 750,000 shares worth $13.3M.
- Mendon Capital Advisors added most to FB Financial Corp in Q2 2018, an estimated $30.5M increase.
- Mendon Capital Advisors's biggest Q2 2018 reduction was OceanFirst Financial, cutting an estimated $20.7M.
- Mendon Capital Advisors fully exited Atlantic Coast Financial Corporation in Q2 2018, selling an estimated $7.12M.
- Mendon Capital Advisors's ten largest holdings make up 36% of its $1.19B portfolio in Q2 2018.
- Mendon Capital Advisors opened 13 new positions and closed 10 in Q2 2018.
- Mendon Capital Advisors's portfolio value rose 7.8% quarter-over-quarter to $1.19B.
Based on Mendon Capital Advisors's 13F filing for Q2 2018, filed 13 Aug 2018.