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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
+6.22%
1 Year Est. Return
+21.23%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
-$63M
Cap. Flow
-$124M
Cap. Flow %
-10.4%
Top 10 Hldgs %
34.02%
Holding
128
New
14
Increased
21
Reduced
43
Closed
19

Top Buys

1
LOB icon
Live Oak Bancshares
LOB
+$27.8M
2
FBK icon
FB Financial Corp
FBK
+$9.72M
3
LION
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

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

1 Financials 63.99%
2 Healthcare 0.09%
3 Consumer Discretionary 0%
4 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
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
128
DELISTED
Independent Bank Group, Inc.
IBTX
– –
-45,820
Closed -$2.73M
2 3 4 5
6

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GWM
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T
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FAFN
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BFP
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AC
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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 $124M 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 64% of assets, up from 62% a quarter earlier, followed by Healthcare and Consumer Discretionary.

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.