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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
AF
126
DELISTED
Astoria Financial Corporation
AF
– –
-650,000
Closed -$13.1M –
XL
127
PUT
DELISTED
XL Group Ltd.
XL
– –
-308,000
Closed -$13.5M –
IBTX icon
128
DELISTED
Independent Bank Group, Inc.
IBTX
– –
-45,820
Closed -$2.73M –
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.