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
-0.82%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$359M
AUM Growth
+$90.1M
(+34%)
Cap. Flow
+$98M
Cap. Flow
% of AUM
27.33%
Top 10 Holdings %
Top 10 Hldgs %
30.79%
Holding
130
New
40
Increased
43
Reduced
6
Closed
28
Avg Time Held Equity + Options
0.9
years
Top 10 Avg Time Held Equity + Options
0.5
years
Top 20 Avg Time Held Equity + Options
0.8
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rithm Capital
RITM
|
+$6.9M |
| 2 |
Discover Financial Services
DFS
|
+$6.85M |
| 3 |
NBBC
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
|
+$6.61M |
| 4 |
STBZ
State Bank Financial Corporation. Common Stock
STBZ
|
+$5.42M |
| 5 |
American Equity Investment Life Holding Company
AEL
|
+$5.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Center Bancorp
CNOB
|
+$6.58M |
| 2 |
PLMT
PALMETTO BANCSHARES, INC. (SC) COMMON STOCK
PLMT
|
+$6.15M |
| 3 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$6.15M |
| 4 |
OPB
Opus Bank Common Stock
OPB
|
+$3.62M |
| 5 |
HBOS
HERITAGE FINANCIAL GROUP
HBOS
|
+$2.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 70.18% |
| 2 | Miscellaneous | 23.16% |
| 3 | Real Estate | 4.58% |
| 4 | Industrials | 1.4% |
| 5 | Consumer Discretionary | 0.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
YDKN
1
DELISTED
Yadkin Financial Corporation
YDKN
| $22.3M | 6.22% |
1,038,334
+164,076
| +19% | +$3.49M |
2013 Q2
9 quarters
|
|
2
Triumph Financial Inc
TFIN
$1.46B
| $12.3M | 3.42% |
730,704
+27,830
| +4% | +$400K |
2014 Q4
3 quarters
|
|
|
BNK
3
DELISTED
C1 FINL INC COM STK (FL)
BNK
| $11.8M | 3.28% |
618,032
+160,590
| +35% | +$3.03M |
2014 Q3
4 quarters
|
|
|
NBBC
4
DELISTED
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
| $11M | 3.07% |
1,291,633
+778,913
| +152% | +$6.61M |
2014 Q4
3 quarters
|
|
|
5
Rithm Capital
RITM
$4.66B
| $10.9M | 3.04% |
832,370
+467,630
| +128% | +$6.9M |
2015 Q2
1 quarter
|
|
6
HomeTrust Bancshares
HTB
$759M
| $10.8M | 3% |
580,646
-3,830
| -0.7% | -$68.2K |
2013 Q3
8 quarters
|
|
7
Ameris Bancorp
ABCB
$5.24B
| $7.8M | 2.18% |
271,430
+50,000
| +23% | +$1.36M |
2013 Q2
9 quarters
|
|
8
Bank of America
BAC
$359B
| $7.8M | 2.18% |
500,600
+275,000
| +122% | +$4.63M |
2013 Q2
9 quarters
|
|
|
STBZ
9
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $7.25M | 2.02% |
350,418
+262,870
| +300% | +$5.42M |
2013 Q2
9 quarters
|
|
|
10
Center Bancorp
CNOB
$1.5B
| $7.14M | 1.99% |
369,800
-324,643
| -47% | -$6.58M |
2014 Q1
6 quarters
|
|
|
BNCN
11
DELISTED
BNC Bancorp
BNCN
| $7.08M | 1.97% |
318,472
+1,630
| +0.5% | +$34.9K |
2013 Q2
9 quarters
|
|
|
FSGI
12
DELISTED
FIRST SECURITY GROUP, INC.
FSGI
| $6.99M | 1.95% |
2,807,160
+319,545
| +13% | +$789K |
2013 Q3
8 quarters
|
|
|
COWN
13
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $6.97M | 1.94% |
382,318
+173,350
| +83% | +$3.82M |
2013 Q2
9 quarters
|
|
|
14
DELISTED
Discover Financial Services
DFS
| $6.5M | 1.81% |
+125,000
| New | +$6.85M |
2015 Q3
0 quarters
|
|
15
Banc of California
BANC
$2.69B
| $6.18M | 1.72% |
503,903
+100,730
| +25% | +$1.29M |
2013 Q2
9 quarters
|
|
16
SouthState Bank Corp
SSB
$9.62B
| $5.76M | 1.61% |
75,000
| – | – |
2013 Q3
8 quarters
|
|
|
FSB
17
DELISTED
Franklin Financial Network, Inc.
FSB
| $5.75M | 1.6% |
257,262
+39,177
| +18% | +$915K |
2015 Q1
2 quarters
|
|
18
AerCap
AER
$22.7B
| $5M | 1.4% |
130,890
+18,660
| +17% | +$825K |
2015 Q2
1 quarter
|
|
19
Seacoast Banking Corp of Florida
SBCF
$3.06B
| $4.7M | 1.31% |
320,106
-48,840
| -13% | -$749K |
2013 Q2
9 quarters
|
|
|
20
DELISTED
American Equity Investment Life Holding Company
AEL
| $4.64M | 1.29% |
+199,000
| New | +$5.13M |
2015 Q3
0 quarters
|
|
21
Houlihan Lokey
HLI
$8.72B
| $4.61M | 1.29% |
+211,480
| New | +$4.63M |
2015 Q3
0 quarters
|
|
|
ETFC
22
DELISTED
E*Trade Financial Corporation
ETFC
| $4.61M | 1.29% |
+175,000
| New | +$4.85M |
2015 Q3
0 quarters
|
|
23
Hartford Financial Services
HIG
$35.7B
| $4.58M | 1.28% |
+100,000
| New | +$4.62M |
2015 Q3
0 quarters
|
|
24
Primis Financial Corp
FRST
$378M
| $4.51M | 1.26% |
399,511
+258,430
| +183% | +$2.96M |
2013 Q2
9 quarters
|
|
25
DELISTED
First Foundation Inc
FFWM
| $4.47M | 1.25% |
+392,526
| New | +$4.22M |
2015 Q3
0 quarters
|
|
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OCFG
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GCC
Mendon Capital Advisors's Q3 2015 Portfolio in Review
As of Q3 2015, Mendon Capital Advisors held 130 positions worth $359M, up 34% from $268M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Mendon Capital Advisors deployed $98M of net new capital in Q3 2015, opening 40 new positions and adding to 43 existing holdings. Its largest new stake was Discover Financial Services: 125,000 shares worth $6.5M.
By sector, the portfolio is most concentrated in Financials at 70% of assets, up from 65% a quarter earlier, followed by Miscellaneous and Real Estate.
On the sell side, the largest reduction was Center Bancorp, an estimated $6.58M trimmed.
- Mendon Capital Advisors's largest Q3 2015 buy was Discover Financial Services: 125,000 shares worth $6.5M.
- Mendon Capital Advisors added most to Rithm Capital in Q3 2015, an estimated $6.9M increase.
- Mendon Capital Advisors's biggest Q3 2015 reduction was Center Bancorp, cutting an estimated $6.58M.
- Mendon Capital Advisors fully exited PALMETTO BANCSHARES, INC. (SC) COMMON STOCK in Q3 2015, selling an estimated $6.15M.
- Mendon Capital Advisors's ten largest holdings make up 31% of its $359M portfolio in Q3 2015.
- Mendon Capital Advisors opened 40 new positions and closed 28 in Q3 2015.
- Mendon Capital Advisors's portfolio value rose 34% quarter-over-quarter to $359M.
Based on Mendon Capital Advisors's 13F filing for Q3 2015, filed 12 Nov 2015.