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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
+6.52%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$258M
AUM Growth
+$47.6M
(+23%)
Cap. Flow
+$4.3M
Cap. Flow
% of AUM
1.66%
Top 10 Holdings %
Top 10 Hldgs %
35.46%
Holding
119
New
20
Increased
34
Reduced
24
Closed
20
Avg Time Held Equity + Options
0.4
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.3
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seacoast Banking Corp of Florida
SBCF
|
+$7M |
| 2 |
ACFC
Atlantic Coast Financial Corporation
ACFC
|
+$3.74M |
| 3 |
CONNECTONE BANCORP INC
CNOB
|
+$3.28M |
| 4 |
AGNC Investment
AGNC
|
+$3.19M |
| 5 |
NMI Holdings
NMIH
|
+$2.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Customers Bancorp
CUBI
|
+$2.63M |
| 2 |
Synovus
SNV
|
+$2.53M |
| 3 |
PennyMac Mortgage Investment
PMT
|
+$2.26M |
| 4 |
Pacific Premier Bancorp
PPBI
|
+$1.98M |
| 5 |
Dime Commercial Bancshares
DCOM
|
+$1.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 56.64% |
| 2 | Miscellaneous | 37.26% |
| 3 | Real Estate | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ISBC
1
DELISTED
Investors Bancorp, Inc.
ISBC
| $11.7M | 4.54% |
1,169,991
-63,725
| -5% | -$590K |
2013 Q2
2 quarters
|
|
|
FUBC
2
DELISTED
1st United Bancorp (Florida)
FUBC
| $10.6M | 4.08% |
1,387,305
+5,905
| +0.4% | +$45.5K |
2013 Q2
2 quarters
|
|
|
YDKN
3
DELISTED
Yadkin Financial Corporation
YDKN
| $10M | 3.88% |
588,745
+22,727
| +4% | +$385K |
2013 Q2
2 quarters
|
|
4
SouthState Bank Corp
SSB
$9.77B
| $9.97M | 3.86% |
150,000
-25,924
| -15% | -$1.59M |
2013 Q3
1 quarter
|
|
5
M&T Bank
MTB
$31.5B
| $9.31M | 3.6% |
80,000
| – | – |
2013 Q2
2 quarters
|
|
|
6
Seacoast Banking Corp of Florida
SBCF
$3.09B
| $8.34M | 3.23% |
683,796
+626,189
| +1,087% | +$7M |
2013 Q2
2 quarters
|
|
|
COWN
7
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $8.29M | 3.21% |
529,975
-45,025
| -8% | -$690K |
2013 Q2
2 quarters
|
|
|
8
DELISTED
CONNECTONE BANCORP INC
CNOB
| $7.94M | 3.07% |
200,457
+87,471
| +77% | +$3.28M |
2013 Q2
2 quarters
|
|
9
PUT
PNC Financial Services
PNC
$85.9B
| $7.76M | 3% |
+100,000
| New | +$7.5M |
2013 Q4
0 quarters
|
|
10
PUT
Wells Fargo
WFC
$245B
| $7.72M | 2.99% |
170,000
+95,000
| +127% | +$4.1M |
2013 Q3
1 quarter
|
|
11
PUT
Truist Financial
TFC
$56.6B
| $7.46M | 2.89% |
+200,000
| New | +$6.91M |
2013 Q4
0 quarters
|
|
12
PUT
DELISTED
Comerica
CMA
| $7.13M | 2.76% |
+150,000
| New | +$6.59M |
2013 Q4
0 quarters
|
|
13
Ready Capital
RC
$183M
| $6.33M | 2.45% |
395,000
+75,627
| +24% | +$1.3M |
2013 Q2
2 quarters
|
|
|
ASBB
14
DELISTED
ASB Bancorp Inc
ASBB
| $5.76M | 2.23% |
334,201
-19,125
| -5% | -$329K |
2013 Q2
2 quarters
|
|
|
PSTB
15
DELISTED
Park Sterling Corp.
PSTB
| $5.31M | 2.05% |
743,697
-34,195
| -4% | -$225K |
2013 Q2
2 quarters
|
|
16
PUT
Bank of New York Mellon
BNY
$95.9B
| $5.24M | 2.03% |
+150,000
| New | +$4.88M |
2013 Q4
0 quarters
|
|
|
GLCH
17
DELISTED
GLEACHER & CO INC COM NEW (NY)
GLCH
| $5.22M | 2.02% |
502,300
| – | – |
2013 Q2
2 quarters
|
|
|
OABC
18
DELISTED
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
| $5.05M | 1.95% |
236,021
+34,400
| +17% | +$761K |
2013 Q2
2 quarters
|
|
19
Regional Management Corp
RM
$317M
| $4.41M | 1.71% |
130,000
-18,000
| -12% | -$588K |
2013 Q3
1 quarter
|
|
|
BNCN
20
DELISTED
BNC Bancorp
BNCN
| $4.29M | 1.66% |
250,113
+40,155
| +19% | +$564K |
2013 Q2
2 quarters
|
|
|
ACFC
21
DELISTED
Atlantic Coast Financial Corporation
ACFC
| $4.23M | 1.64% |
+977,500
| New | +$3.74M |
2013 Q4
0 quarters
|
|
22
PUT
DELISTED
Everbank Financial Corp
EVER
| $3.67M | 1.42% |
+200,000
| New | +$3.21M |
2013 Q4
0 quarters
|
|
23
Ares Commercial Real Estate
ACRE
$201M
| $3.27M | 1.27% |
250,000
-113,900
| -31% | -$1.46M |
2013 Q2
2 quarters
|
|
24
Ameris Bancorp
ABCB
$5.31B
| $3.17M | 1.23% |
150,000
+66,610
| +80% | +$1.28M |
2013 Q2
2 quarters
|
|
25
Bank of America
BAC
$359B
| $3.11M | 1.2% |
200,000
| – | – |
2013 Q2
2 quarters
|
|
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Mendon Capital Advisors's Q4 2013 Portfolio in Review
As of Q4 2013, Mendon Capital Advisors held 119 positions worth $258M, up 23% from $211M the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Mendon Capital Advisors's Q4 2013 filing shows 20 new, 34 increased, 24 reduced and 20 closed positions. Its largest new stake was Atlantic Coast Financial Corporation: 977,500 shares worth $4.23M. The largest sale was Customers Bancorp, an estimated $2.63M.
By sector, the portfolio is most concentrated in Financials at 57% of assets, down from 65% a quarter earlier, followed by Miscellaneous and Real Estate.
- Mendon Capital Advisors's largest Q4 2013 buy was Atlantic Coast Financial Corporation: 977,500 shares worth $4.23M.
- Mendon Capital Advisors added most to Seacoast Banking Corp of Florida in Q4 2013, an estimated $7M increase.
- Mendon Capital Advisors's biggest Q4 2013 reduction was Customers Bancorp, cutting an estimated $2.63M.
- Mendon Capital Advisors fully exited Dime Commercial Bancshares in Q4 2013, selling an estimated $1.72M.
- Mendon Capital Advisors's ten largest holdings make up 35% of its $258M portfolio in Q4 2013.
- Mendon Capital Advisors opened 20 new positions and closed 20 in Q4 2013.
- Mendon Capital Advisors's portfolio value rose 23% quarter-over-quarter to $258M.
Based on Mendon Capital Advisors's 13F filing for Q4 2013, filed 14 Feb 2014.