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
+0.65%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$970M
AUM Growth
+$183M
(+23%)
Cap. Flow
-$5.33M
Cap. Flow
% of AUM
-0.55%
Top 10 Holdings %
Top 10 Hldgs %
45.47%
Holding
125
New
15
Increased
39
Reduced
27
Closed
17
Avg Time Held Equity + Options
1.1
years
Top 10 Avg Time Held Equity + Options
0.5
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Alliance Bancorporation
WAL
|
+$12.3M |
| 2 |
Bankunited
BKU
|
+$8.32M |
| 3 |
SunTrust Banks, Inc.
STI
|
+$8.17M |
| 4 |
Community Healthcare Trust
CHCT
|
+$7.55M |
| 5 |
Bank of America
BAC
|
+$5.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HEOP
Heritage Oaks Bancorp
HEOP
|
+$8.94M |
| 2 |
National Bank Holdings
NBHC
|
+$8.81M |
| 3 |
Discover Financial Services
DFS
|
+$7.07M |
| 4 |
Hartford Financial Services
HIG
|
+$6.91M |
| 5 |
ACBI
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
|
+$6.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 51.34% |
| 2 | Miscellaneous | 46.32% |
| 3 | Consumer Discretionary | 1.15% |
| 4 | Real Estate | 0.87% |
| 5 | Industrials | 0.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $94.9M | 9.78% |
825,000
+187,500
| +29% | +$21.2M |
2016 Q1
1 quarter
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $78.6M | 8.1% |
375,000
+225,000
| +150% | +$46.7M |
2016 Q1
1 quarter
|
|
|
YDKN
3
DELISTED
Yadkin Financial Corporation
YDKN
| $55.4M | 5.72% |
2,208,637
-63,438
| -3% | -$1.59M |
2013 Q2
12 quarters
|
|
4
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
| $54.7M | 5.64% |
1,425,000
+900,000
| +171% | +$35.6M |
2016 Q1
1 quarter
|
|
5
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
| $48M | 4.95% |
2,392,207
+768,924
| +47% | +$15.6M |
2015 Q4
2 quarters
|
|
|
BNCN
6
DELISTED
BNC Bancorp
BNCN
| $29.5M | 3.04% |
1,297,564
+189,554
| +17% | +$4.27M |
2013 Q2
12 quarters
|
|
7
PUT
JPMorgan Chase
JPM
$890B
| $28M | 2.88% |
450,000
+263,000
| +141% | +$16.4M |
2015 Q4
2 quarters
|
|
8
PUT
Bank of New York Mellon
BNY
$93.4B
| $20.4M | 2.1% |
525,000
+375,000
| +250% | +$14.9M |
2015 Q4
2 quarters
|
|
9
PUT
Truist Financial
TFC
$55.7B
| $16M | 1.65% |
450,000
+300,000
| +200% | +$10.5M |
2015 Q4
2 quarters
|
|
|
ACBI
10
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $15.5M | 1.6% |
1,072,391
-467,180
| -30% | -$6.6M |
2015 Q4
2 quarters
|
|
11
Synchrony
SYF
$23.3B
| $14.5M | 1.5% |
575,000
+45,000
| +8% | +$1.31M |
2015 Q4
2 quarters
|
|
12
Triumph Financial Inc
TFIN
$1.46B
| $14.5M | 1.49% |
903,284
+85,760
| +10% | +$1.36M |
2014 Q4
6 quarters
|
|
|
OPB
13
DELISTED
Opus Bank Common Stock
OPB
| $14.4M | 1.48% |
425,320
-21,220
| -5% | -$751K |
2015 Q4
2 quarters
|
|
14
PUT
Wells Fargo
WFC
$243B
| $14.2M | 1.46% |
300,000
+150,000
| +100% | +$7.31M |
2015 Q4
2 quarters
|
|
15
PUT
American Express
AXP
$207B
| $13.7M | 1.41% |
225,000
+187,500
| +500% | +$11.9M |
2016 Q1
1 quarter
|
|
|
16
Bank of America
BAC
$359B
| $13.3M | 1.37% |
1,000,600
+400,000
| +67% | +$5.62M |
2013 Q2
12 quarters
|
|
17
Flagstar Bank National Association
FLG
$4.61B
| $12.7M | 1.31% |
283,333
| – | – |
2015 Q4
2 quarters
|
|
18
Ameris Bancorp
ABCB
$5.24B
| $12.5M | 1.29% |
420,004
+44,750
| +12% | +$1.37M |
2013 Q2
12 quarters
|
|
|
UBNK
19
DELISTED
United Financial Bancorp, Inc.
UBNK
| $12.3M | 1.27% |
950,383
+89,160
| +10% | +$1.16M |
2015 Q2
4 quarters
|
|
20
PUT
US Bancorp
USB
$87.7B
| $12.1M | 1.25% |
300,000
+75,000
| +33% | +$3.12M |
2016 Q1
1 quarter
|
|
21
KeyCorp
KEY
$21.1B
| $11.6M | 1.2% |
1,050,000
+250,000
| +31% | +$2.98M |
2015 Q4
2 quarters
|
|
22
PUT
State Street SPDR S&P Bank ETF
KBE
$1.45B
| $11.4M | 1.18% |
375,000
+150,000
| +67% | +$4.75M |
2016 Q1
1 quarter
|
|
|
23
Western Alliance Bancorporation
WAL
$7.88B
| $11.4M | 1.18% |
+350,000
| New | +$12.3M |
2016 Q2
0 quarters
|
|
24
DELISTED
First Foundation Inc
FFWM
| $11.4M | 1.17% |
1,056,288
+46,930
| +5% | +$519K |
2015 Q3
3 quarters
|
|
|
BPFH
25
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $11.3M | 1.16% |
956,028
-205,280
| -18% | -$2.47M |
2015 Q2
4 quarters
|
|
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OCFG
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Mendon Capital Advisors's Q2 2016 Portfolio in Review
As of Q2 2016, Mendon Capital Advisors held 125 positions worth $970M, up 23% from $787M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Mendon Capital Advisors's Q2 2016 filing shows 15 new, 39 increased, 27 reduced and 17 closed positions. Its largest new stake was Western Alliance Bancorporation: 350,000 shares worth $11.4M. The largest sale was Heritage Oaks Bancorp, an estimated $8.94M.
By sector, the portfolio is most concentrated in Financials at 51% of assets, down from 64% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
- Mendon Capital Advisors's largest Q2 2016 buy was Western Alliance Bancorporation: 350,000 shares worth $11.4M.
- Mendon Capital Advisors added most to Bank of America in Q2 2016, an estimated $5.62M increase.
- Mendon Capital Advisors's biggest Q2 2016 reduction was Heritage Oaks Bancorp, cutting an estimated $8.94M.
- Mendon Capital Advisors fully exited National Bank Holdings in Q2 2016, selling an estimated $8.81M.
- Mendon Capital Advisors's ten largest holdings make up 45% of its $970M portfolio in Q2 2016.
- Mendon Capital Advisors opened 15 new positions and closed 17 in Q2 2016.
- Mendon Capital Advisors's portfolio value rose 23% quarter-over-quarter to $970M.
Based on Mendon Capital Advisors's 13F filing for Q2 2016, filed 3 Aug 2016.