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
-6.43%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$787M
AUM Growth
+$44.8M
(+6%)
Cap. Flow
-$46.8M
Cap. Flow
% of AUM
-5.95%
Top 10 Holdings %
Top 10 Hldgs %
37.85%
Holding
133
New
17
Increased
28
Reduced
32
Closed
23
Avg Time Held Equity + Options
1
year
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
1.2
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
YDKN
Yadkin Financial Corporation
YDKN
|
+$21.6M |
| 2 |
OceanFirst Financial
OCFC
|
+$7.16M |
| 3 |
PSTB
Park Sterling Corp.
PSTB
|
+$6.83M |
| 4 |
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
|
+$5.19M |
| 5 |
BNCN
BNC Bancorp
BNCN
|
+$5.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NBBC
NEWBRIDGE BANCORP CLASS A COM STK (NC)
NBBC
|
+$17.6M |
| 2 |
ABCW
ANCHOR BANCORP WISCONSIN INC COMMON STOCK
ABCW
|
+$10.7M |
| 3 |
Fidelity National Information Services
FIS
|
+$10.6M |
| 4 |
BNK
C1 FINL INC COM STK (FL)
BNK
|
+$9.41M |
| 5 |
Hancock Whitney
HWC
|
+$7.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 64.02% |
| 2 | Miscellaneous | 33.32% |
| 3 | Consumer Discretionary | 1.76% |
| 4 | Real Estate | 0.42% |
| 5 | Industrials | 0.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $70.5M | 8.96% |
+637,500
| New | +$66M |
2016 Q1
0 quarters
|
|
|
YDKN
2
DELISTED
Yadkin Financial Corporation
YDKN
| $53.8M | 6.84% |
2,272,075
+955,895
| +73% | +$21.6M |
2013 Q2
11 quarters
|
|
3
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
| $32.1M | 4.07% |
1,623,283
+455,658
| +39% | +$8.68M |
2015 Q4
1 quarter
|
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $30.8M | 3.92% |
+150,000
| New | +$29.3M |
2016 Q1
0 quarters
|
|
|
BNCN
5
DELISTED
BNC Bancorp
BNCN
| $23.4M | 2.97% |
1,108,010
+238,290
| +27% | +$5.13M |
2013 Q2
11 quarters
|
|
|
ACBI
6
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $21.5M | 2.73% |
1,539,571
+390,451
| +34% | +$5.19M |
2015 Q4
1 quarter
|
|
7
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
| $19.8M | 2.51% |
+525,000
| New | +$19.3M |
2016 Q1
0 quarters
|
|
8
PUT
Capital One
COF
$119B
| $15.6M | 1.98% |
+225,000
| New | +$14.9M |
2016 Q1
0 quarters
|
|
9
Synchrony
SYF
$23.3B
| $15.2M | 1.93% |
530,000
| – | – |
2015 Q4
1 quarter
|
|
|
OPB
10
DELISTED
Opus Bank Common Stock
OPB
| $15.2M | 1.93% |
446,540
-2,000
| -0.4% | -$65.9K |
2015 Q4
1 quarter
|
|
|
AF
11
DELISTED
Astoria Financial Corporation
AF
| $13.9M | 1.76% |
875,000
-250,000
| -22% | -$3.79M |
2014 Q3
6 quarters
|
|
12
Flagstar Bank National Association
FLG
$4.61B
| $13.5M | 1.72% |
283,333
| – | – |
2015 Q4
1 quarter
|
|
|
BPFH
13
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $13.3M | 1.69% |
1,161,308
+95,768
| +9% | +$1.01M |
2015 Q2
3 quarters
|
|
14
Triumph Financial Inc
TFIN
$1.46B
| $12.9M | 1.64% |
817,524
-3,060
| -0.4% | -$43.9K |
2014 Q4
5 quarters
|
|
|
COWN
15
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $12.7M | 1.62% |
836,425
+83,702
| +11% | +$1.1M |
2013 Q2
11 quarters
|
|
16
DELISTED
Discover Financial Services
DFS
| $12.7M | 1.62% |
250,000
-50,000
| -17% | -$2.41M |
2015 Q3
2 quarters
|
|
|
PSTB
17
DELISTED
Park Sterling Corp.
PSTB
| $12.2M | 1.55% |
1,824,827
+1,018,518
| +126% | +$6.83M |
2013 Q2
11 quarters
|
|
18
DELISTED
First Foundation Inc
FFWM
| $11.3M | 1.44% |
1,009,358
-720
| -0.1% | -$7.92K |
2015 Q3
2 quarters
|
|
19
Ameris Bancorp
ABCB
$5.24B
| $11.1M | 1.41% |
375,254
+19,539
| +5% | +$553K |
2013 Q2
11 quarters
|
|
20
PUT
JPMorgan Chase
JPM
$890B
| $11.1M | 1.41% |
187,000
+112,000
| +149% | +$6.54M |
2015 Q4
1 quarter
|
|
|
UBNK
21
DELISTED
United Financial Bancorp, Inc.
UBNK
| $10.8M | 1.38% |
861,223
| – | – |
2015 Q2
3 quarters
|
|
22
HomeTrust Bancshares
HTB
$759M
| $10.6M | 1.34% |
575,753
-4,893
| -0.8% | -$89.5K |
2013 Q3
10 quarters
|
|
23
PUT
Allstate
ALL
$59.7B
| $10.1M | 1.28% |
+150,000
| New | +$9.42M |
2016 Q1
0 quarters
|
|
|
HEOP
24
DELISTED
Heritage Oaks Bancorp
HEOP
| $9.14M | 1.16% |
1,172,787
-7,199
| -0.6% | -$53.8K |
2013 Q2
11 quarters
|
|
25
PUT
US Bancorp
USB
$87.7B
| $9.13M | 1.16% |
+225,000
| New | +$8.98M |
2016 Q1
0 quarters
|
|
Similar funds
SHA
FPW
OCFG
S
HC
HC
BC
GCC
Mendon Capital Advisors's Q1 2016 Portfolio in Review
As of Q1 2016, Mendon Capital Advisors held 133 positions worth $787M, up 6% from $742M the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Mendon Capital Advisors withdrew a net $46.8M in Q1 2016, closing 23 positions and reducing 32 holdings. Its most notable exit was NEWBRIDGE BANCORP CLASS A COM STK (NC), an estimated $17.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 64% of assets, down from 72% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
Against the trend, Mendon Capital Advisors opened a new position in OceanFirst Financial worth $7.21M.
- Mendon Capital Advisors's largest Q1 2016 buy was OceanFirst Financial: 407,900 shares worth $7.21M.
- Mendon Capital Advisors added most to Yadkin Financial Corporation in Q1 2016, an estimated $21.6M increase.
- Mendon Capital Advisors's biggest Q1 2016 reduction was C1 FINL INC COM STK (FL), cutting an estimated $9.41M.
- Mendon Capital Advisors fully exited NEWBRIDGE BANCORP CLASS A COM STK (NC) in Q1 2016, selling an estimated $17.6M.
- Mendon Capital Advisors's ten largest holdings make up 38% of its $787M portfolio in Q1 2016.
- Mendon Capital Advisors opened 17 new positions and closed 23 in Q1 2016.
- Mendon Capital Advisors's portfolio value rose 6% quarter-over-quarter to $787M.
Based on Mendon Capital Advisors's 13F filing for Q1 2016, filed 9 May 2016.