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
-2.8%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$180M
AUM Growth
-$19.9M
Cap. Flow
-$590K
Cap. Flow %
-0.33%
Top 10 Hldgs %
41.37%
Holding
105
New
18
Increased
25
Reduced
21
Closed
32
Avg Time Held Equity + Options
0.8 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.4 years
Avg Time Held Equity only
0.9 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
CNOB icon
Center Bancorp
CNOB
+$10.8M
2
YDKN
Yadkin Financial Corporation
YDKN
+$5.5M
3
MTB.WS icon
M&T Bank Corporation
MTB.WS
+$3.95M
4
SNV icon
Synovus
SNV
+$3.84M
5
TSC
TriState Capital Holdings, Inc.
TSC
+$3.65M

Top Sells

Rank Stock Value
1
CNOB icon
CONNECTONE BANCORP INC
CNOB
+$10.2M
2
MTB icon
M&T Bank
MTB
+$9.92M
3
RC icon
Ready Capital
RC
+$4.82M
4
VSB
VANTAGESOUTH BANCHARES, INC
VSB
+$3.79M
5
OABC
OMNIAMERICAN BANCORP INC COM STK (TX)
OABC
+$2.19M

Sector Composition

Rank Sector Weight
1 Financials 81.29%
2 Miscellaneous 17.31%
3 Industrials 0.7%
4 Consumer Discretionary 0.69%
5 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
YDKN
1
DELISTED
Yadkin Financial Corporation
YDKN
$14.7M 8.18%
811,443
+292,993
+57% +$5.5M
2013 Q2
5 quarters
CNOB icon
2
Center Bancorp
CNOB
$1.5B
$12.1M 6.72%
635,451
+559,984
+742% +$10.8M
2014 Q1
2 quarters
HTB icon
3
HomeTrust Bancshares
HTB
$759M
$11.8M 6.53%
805,439
+72,118
+10% +$1.09M
2013 Q3
4 quarters
SSB icon
4
SouthState Bank Corp
SSB
$9.62B
$5.59M 3.1%
100,000
-10,000
-9% -$591K
2013 Q3
4 quarters
OPB
5
DELISTED
Opus Bank Common Stock
OPB
$5.19M 2.88%
169,370
-1,010
-0.6% -$30.9K
2014 Q2
1 quarter
BANC icon
6
Banc of California
BANC
$2.69B
$5.1M 2.83%
438,473
-11,527
-3% -$135K
2013 Q2
5 quarters
ISBC
7
DELISTED
Investors Bancorp, Inc.
ISBC
$5.07M 2.81%
500,000
– –
2013 Q2
5 quarters
ABCB icon
8
Ameris Bancorp
ABCB
$5.24B
$5.03M 2.79%
229,190
+69,190
+43% +$1.53M
2013 Q2
5 quarters
BNCN
9
DELISTED
BNC Bancorp
BNCN
$5M 2.77%
319,216
+83,100
+35% +$1.39M
2013 Q2
5 quarters
SNV icon
10
DELISTED
Synovus
SNV
$4.96M 2.76%
210,000
+160,000
+320% +$3.84M
2013 Q2
5 quarters
ASBB
11
DELISTED
ASB Bancorp Inc
ASBB
$4.81M 2.67%
238,844
+46,887
+24% +$923K
2013 Q2
5 quarters
SBCF icon
12
Seacoast Banking Corp of Florida
SBCF
$3.06B
$4.55M 2.52%
415,895
-74,214
-15% -$783K
2013 Q2
5 quarters
MTB.WS icon
13
DELISTED
M&T Bank Corporation
MTB.WS
$4.14M 2.3%
+80,000
New +$3.95M
2014 Q3
0 quarters
STBZ
14
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$3.73M 2.07%
229,506
+49,326
+27% +$822K
2013 Q2
5 quarters
COWN
15
DELISTED
Cowen Inc. Class A Common Stock
COWN
$3.69M 2.05%
246,157
-39,660
-14% -$649K
2013 Q2
5 quarters
TSC
16
DELISTED
TriState Capital Holdings, Inc.
TSC
$3.51M 1.95%
387,111
+346,911
+863% +$3.65M
2013 Q3
4 quarters
BAC icon
17
Bank of America
BAC
$359B
$3.42M 1.9%
200,600
– –
2013 Q2
5 quarters
BNK
18
DELISTED
C1 FINL INC COM STK (FL)
BNK
$3.12M 1.73%
+171,826
New +$3.02M
2014 Q3
0 quarters
LION icon
19
DELISTED
Fidelity Southern Corporation
LION
$2.98M 1.66%
217,868
-8,112
-4% -$112K
2013 Q2
5 quarters
ACFC
20
DELISTED
Atlantic Coast Financial Corporation
ACFC
$2.96M 1.64%
724,470
+7,757
+1% +$31.7K
2013 Q4
3 quarters
CSFL
21
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$2.63M 1.46%
254,010
– –
2013 Q4
3 quarters
C icon
22
Citigroup
C
$205B
$2.59M 1.44%
50,000
– –
2013 Q2
5 quarters
LTXB
23
DELISTED
LegacyTexas Financial Group Inc
LTXB
$2.57M 1.43%
107,279
-15,058
-12% -$387K
2014 Q1
2 quarters
SYF icon
24
Synchrony
SYF
$23.3B
$2.55M 1.42%
+103,892
New +$2.54M
2014 Q3
0 quarters
RM icon
25
Regional Management Corp
RM
$308M
$2.22M 1.23%
123,667
-10,000
-7% -$167K
2013 Q3
4 quarters
1
2 3 4

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Mendon Capital Advisors's Q3 2014 Portfolio in Review

As of Q3 2014, Mendon Capital Advisors held 105 positions worth $180M, down 10% from $200M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Mendon Capital Advisors's Q3 2014 filing shows 18 new, 25 increased, 21 reduced and 32 closed positions. Its largest new stake was M&T Bank Corporation: 80,000 shares worth $4.14M. The largest sale was CONNECTONE BANCORP INC, an estimated $10.2M.

By sector, the portfolio is most concentrated in Financials at 81% of assets, up from 68% a quarter earlier, followed by Miscellaneous and Industrials.

  • Mendon Capital Advisors's largest Q3 2014 buy was M&T Bank Corporation: 80,000 shares worth $4.14M.
  • Mendon Capital Advisors added most to Center Bancorp in Q3 2014, an estimated $10.8M increase.
  • Mendon Capital Advisors's biggest Q3 2014 reduction was SWS GROUP INC, cutting an estimated $1.42M.
  • Mendon Capital Advisors fully exited CONNECTONE BANCORP INC in Q3 2014, selling an estimated $10.2M.
  • Mendon Capital Advisors's ten largest holdings make up 41% of its $180M portfolio in Q3 2014.
  • Mendon Capital Advisors opened 18 new positions and closed 32 in Q3 2014.
  • Mendon Capital Advisors's portfolio value fell 10% quarter-over-quarter to $180M.

Based on Mendon Capital Advisors's 13F filing for Q3 2014, filed 13 Nov 2014.