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
+7.36%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$211M
AUM Growth
+$35.9M
(+21%)
Cap. Flow
+$20.6M
Cap. Flow
% of AUM
9.75%
Top 10 Holdings %
Top 10 Hldgs %
38.18%
Holding
111
New
23
Increased
31
Reduced
26
Closed
12
Avg Time Held Equity + Options
0.2
years
Top 10 Avg Time Held Equity + Options
0.2
years
Top 20 Avg Time Held Equity + Options
0.2
years
Avg Time Held Equity only
0.2
years
Top 10 Avg Time Held Equity only
0.2
years
Top 20 Avg Time Held Equity only
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SouthState Bank Corp
SSB
|
+$9.64M |
| 2 |
Regional Management Corp
RM
|
+$4.2M |
| 3 |
PennyMac Mortgage Investment
PMT
|
+$3.28M |
| 4 |
TSC
TriState Capital Holdings, Inc.
TSC
|
+$2.8M |
| 5 |
Synovus
SNV
|
+$2.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$3.92M |
| 2 |
FNC
SCBT FINANCIAL CORPORATION
FNC
|
+$3.53M |
| 3 |
Capital One
COF
|
+$3.14M |
| 4 |
CHFN
CHARTER FINANCIAL CORP.
CHFN
|
+$1.94M |
| 5 |
New Mountain Finance
NMFC
|
+$1.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 65.3% |
| 2 | Miscellaneous | 26.37% |
| 3 | Real Estate | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ISBC
1
DELISTED
Investors Bancorp, Inc.
ISBC
| $10.6M | 5.03% |
1,233,716
| – | – |
2013 Q2
1 quarter
|
|
|
FUBC
2
DELISTED
1st United Bancorp (Florida)
FUBC
| $10.1M | 4.8% |
1,381,400
-19,613
| -1% | -$147K |
2013 Q2
1 quarter
|
|
|
YDKN
3
DELISTED
Yadkin Financial Corporation
YDKN
| $9.75M | 4.62% |
566,018
+95,900
| +20% | +$1.51M |
2013 Q2
1 quarter
|
|
|
4
SouthState Bank Corp
SSB
$9.62B
| $9.7M | 4.6% |
+175,924
| New | +$9.64M |
2013 Q3
0 quarters
|
|
5
M&T Bank
MTB
$31.2B
| $8.95M | 4.25% |
80,000
| – | – |
2013 Q2
1 quarter
|
|
|
COWN
6
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $7.91M | 3.75% |
575,000
-26,645
| -4% | -$356K |
2013 Q2
1 quarter
|
|
|
GLCH
7
DELISTED
GLEACHER & CO INC COM NEW (NY)
GLCH
| $6.91M | 3.27% |
502,300
| – | – |
2013 Q2
1 quarter
|
|
|
ASBB
8
DELISTED
ASB Bancorp Inc
ASBB
| $6.05M | 2.87% |
353,326
+59,750
| +20% | +$1.02M |
2013 Q2
1 quarter
|
|
9
Ready Capital
RC
$177M
| $5.54M | 2.63% |
319,373
+15,628
| +5% | +$265K |
2013 Q2
1 quarter
|
|
|
PSTB
10
DELISTED
Park Sterling Corp.
PSTB
| $4.99M | 2.36% |
777,892
-225,507
| -22% | -$1.4M |
2013 Q2
1 quarter
|
|
|
OABC
11
DELISTED
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
| $4.93M | 2.34% |
201,621
-10,725
| -5% | -$252K |
2013 Q2
1 quarter
|
|
|
12
Regional Management Corp
RM
$308M
| $4.71M | 2.23% |
+148,000
| New | +$4.2M |
2013 Q3
0 quarters
|
|
13
Ares Commercial Real Estate
ACRE
$194M
| $4.52M | 2.14% |
363,900
+101,400
| +39% | +$1.3M |
2013 Q2
1 quarter
|
|
|
14
DELISTED
Synovus
SNV
| $4.37M | 2.07% |
189,329
+113,615
| +150% | +$2.59M |
2013 Q2
1 quarter
|
|
|
15
PennyMac Mortgage Investment
PMT
$599M
| $3.98M | 1.89% |
+150,000
| New | +$3.28M |
2013 Q3
0 quarters
|
|
16
DELISTED
CONNECTONE BANCORP INC
CNOB
| $3.98M | 1.89% |
112,986
+54,886
| +94% | +$1.79M |
2013 Q2
1 quarter
|
|
17
Customers Bancorp
CUBI
$2.48B
| $3.22M | 1.53% |
220,000
+92,675
| +73% | +$1.41M |
2013 Q2
1 quarter
|
|
18
PUT
Wells Fargo
WFC
$243B
| $3.1M | 1.47% |
+75,000
| New | +$3.2M |
2013 Q3
0 quarters
|
|
|
CHFN
19
DELISTED
CHARTER FINANCIAL CORP.
CHFN
| $2.87M | 1.36% |
175,316
-118,634
| -40% | -$1.94M |
2013 Q2
1 quarter
|
|
|
BNCN
20
DELISTED
BNC Bancorp
BNCN
| $2.8M | 1.33% |
209,958
-58,300
| -22% | -$780K |
2013 Q2
1 quarter
|
|
21
Bank of America
BAC
$359B
| $2.76M | 1.31% |
200,000
+50,000
| +33% | +$714K |
2013 Q2
1 quarter
|
|
|
TSC
22
DELISTED
TriState Capital Holdings, Inc.
TSC
| $2.76M | 1.31% |
+214,103
| New | +$2.8M |
2013 Q3
0 quarters
|
|
23
DELISTED
Fidelity Southern Corporation
LION
| $2.74M | 1.3% |
180,027
-39,374
| -18% | -$568K |
2013 Q2
1 quarter
|
|
24
Silvercrest Asset Management
SAMG
$79.9M
| $2.73M | 1.29% |
200,000
+100,000
| +100% | +$1.32M |
2013 Q2
1 quarter
|
|
25
PUT
Northern Trust
NTRS
$29.8B
| $2.72M | 1.29% |
50,000
| – | – |
2013 Q2
1 quarter
|
|
Similar funds
SHA
FPW
OCFG
S
HC
HC
BC
GCC
Mendon Capital Advisors's Q3 2013 Portfolio in Review
As of Q3 2013, Mendon Capital Advisors held 111 positions worth $211M, up 21% from $175M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Mendon Capital Advisors deployed $20.6M of net new capital in Q3 2013, opening 23 new positions and adding to 31 existing holdings. Its largest new stake was SouthState Bank Corp: 175,924 shares worth $9.7M.
By sector, the portfolio is most concentrated in Financials at 65% of assets, up from 61% a quarter earlier, followed by Miscellaneous and Real Estate.
On the sell side, the largest reduction was CHARTER FINANCIAL CORP., an estimated $1.94M trimmed.
- Mendon Capital Advisors's largest Q3 2013 buy was SouthState Bank Corp: 175,924 shares worth $9.7M.
- Mendon Capital Advisors added most to Synovus in Q3 2013, an estimated $2.59M increase.
- Mendon Capital Advisors's biggest Q3 2013 reduction was CHARTER FINANCIAL CORP., cutting an estimated $1.94M.
- Mendon Capital Advisors fully exited CenterState Bank Corporation Common Stock in Q3 2013, selling an estimated $3.92M.
- Mendon Capital Advisors's ten largest holdings make up 38% of its $211M portfolio in Q3 2013.
- Mendon Capital Advisors opened 23 new positions and closed 12 in Q3 2013.
- Mendon Capital Advisors's portfolio value rose 21% quarter-over-quarter to $211M.
Based on Mendon Capital Advisors's 13F filing for Q3 2013, filed 14 Nov 2013.