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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
+1.07%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.26B
AUM Growth
+$12.1M
(+0.97%)
Cap. Flow
-$18.8M
Cap. Flow
% of AUM
-1.5%
Top 10 Holdings %
Top 10 Hldgs %
30.59%
Holding
138
New
20
Increased
32
Reduced
44
Closed
24
Avg Time Held Equity + Options
1.4
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.8
years
Avg Time Held Equity only
1.6
years
Top 10 Avg Time Held Equity only
0.7
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinnacle Financial Partners Inc
PNFP
|
+$51.2M |
| 2 |
Pacific Premier Bancorp
PPBI
|
+$22.4M |
| 3 |
First Interstate BancSystem
FIBK
|
+$17.5M |
| 4 |
FB Financial Corp
FBK
|
+$12.7M |
| 5 |
MSL
Midsouth Bancorp, Inc.
MSL
|
+$9.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNCN
BNC Bancorp
BNCN
|
+$61.5M |
| 2 |
IBKC
IBERIABANK Corp
IBKC
|
+$14.6M |
| 3 |
Visa
V
|
+$13.9M |
| 4 |
CIT
CIT Group Inc.
CIT
|
+$11.1M |
| 5 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$9.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 66.95% |
| 2 | Miscellaneous | 31.54% |
| 3 | Consumer Discretionary | 1.04% |
| 4 | Industrials | 0.37% |
| 5 | Healthcare | 0.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $53.2M | 4.23% |
220,000
-5,000
| -2% | -$1.2M |
2016 Q1
5 quarters
|
|
|
2
Pinnacle Financial Partners Inc
PNFP
$14B
| $52.8M | 4.2% |
841,264
+808,494
| +2,467% | +$51.2M |
2017 Q1
1 quarter
|
|
3
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
| $43.4M | 3.45% |
1,760,000
+335,000
| +24% | +$7.95M |
2015 Q4
6 quarters
|
|
|
PSTB
4
DELISTED
Park Sterling Corp.
PSTB
| $38.8M | 3.09% |
3,266,478
+345,740
| +12% | +$4.12M |
2013 Q2
16 quarters
|
|
5
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $37.2M | 2.96% |
264,000
-148,500
| -36% | -$20.6M |
2016 Q1
5 quarters
|
|
|
6
FB Financial Corp
FBK
$2.49B
| $36.4M | 2.89% |
1,004,855
+352,631
| +54% | +$12.7M |
2016 Q3
3 quarters
|
|
|
7
DELISTED
Pacific Premier Bancorp
PPBI
| $34.3M | 2.72% |
928,557
+621,938
| +203% | +$22.4M |
2017 Q1
1 quarter
|
|
8
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $31.1M | 2.47% |
+352,000
| New | +$31M |
2017 Q2
0 quarters
|
|
9
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
| $29M | 2.31% |
528,000
-147,000
| -22% | -$7.91M |
2016 Q1
5 quarters
|
|
10
Triumph Financial Inc
TFIN
$1.46B
| $28.6M | 2.27% |
1,163,180
+235,620
| +25% | +$5.46M |
2014 Q4
10 quarters
|
|
|
OPB
11
DELISTED
Opus Bank Common Stock
OPB
| $28.5M | 2.27% |
1,178,420
-50,000
| -4% | -$1.1M |
2015 Q4
6 quarters
|
|
|
ACBI
12
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $27.6M | 2.2% |
1,453,304
-990
| -0.1% | -$18.7K |
2015 Q4
6 quarters
|
|
13
Seacoast Banking Corp of Florida
SBCF
$3.06B
| $25.6M | 2.04% |
1,063,240
-243,106
| -19% | -$5.79M |
2013 Q2
16 quarters
|
|
14
First Bancorp
FBNC
$2.45B
| $24.5M | 1.95% |
784,180
+179,165
| +30% | +$5.3M |
2014 Q2
12 quarters
|
|
15
DELISTED
First Foundation Inc
FFWM
| $23.8M | 1.89% |
1,450,482
-100
| -0% | -$1.59K |
2015 Q3
7 quarters
|
|
16
Ameris Bancorp
ABCB
$5.24B
| $19.1M | 1.52% |
396,000
-119,030
| -23% | -$5.47M |
2013 Q2
16 quarters
|
|
|
XBKS
17
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| $18.3M | 1.46% |
589,776
+9,921
| +2% | +$283K |
2015 Q2
8 quarters
|
|
|
GBNK
18
DELISTED
Guaranty Bancorp
GBNK
| $17.6M | 1.4% |
647,812
+28,751
| +5% | +$728K |
2015 Q2
8 quarters
|
|
|
19
First Interstate BancSystem
FIBK
$3.28B
| $17.3M | 1.38% |
+466,231
| New | +$17.5M |
2017 Q2
0 quarters
|
|
20
Bankunited
BKU
$2.92B
| $16.9M | 1.34% |
500,000
-85,720
| -15% | -$2.96M |
2016 Q2
4 quarters
|
|
|
UBNK
21
DELISTED
United Financial Bancorp, Inc.
UBNK
| $16.3M | 1.29% |
974,935
-197,578
| -17% | -$3.35M |
2015 Q2
8 quarters
|
|
22
Valley National Bancorp
VLY
$6.86B
| $16M | 1.27% |
1,355,390
-141,110
| -9% | -$1.65M |
2016 Q4
2 quarters
|
|
23
PUT
Truist Financial
TFC
$55.7B
| $16M | 1.27% |
352,000
+127,000
| +56% | +$5.51M |
2015 Q4
6 quarters
|
|
24
OceanFirst Financial
OCFC
$1.52B
| $15.7M | 1.25% |
578,860
| – | – |
2016 Q1
5 quarters
|
|
25
PUT
Allstate
ALL
$59.7B
| $15.6M | 1.24% |
176,000
+101,000
| +135% | +$8.56M |
2017 Q1
1 quarter
|
|
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Mendon Capital Advisors's Q2 2017 Portfolio in Review
As of Q2 2017, Mendon Capital Advisors held 138 positions worth $1.26B, up 0.97% from $1.25B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Mendon Capital Advisors's Q2 2017 filing shows 20 new, 32 increased, 44 reduced and 24 closed positions. Its largest new stake was First Interstate BancSystem: 466,231 shares worth $17.3M. The largest sale was BNC Bancorp, an estimated $61.5M.
By sector, the portfolio is most concentrated in Financials at 67% of assets, down from 68% a quarter earlier, followed by Miscellaneous and Consumer Discretionary.
- Mendon Capital Advisors's largest Q2 2017 buy was First Interstate BancSystem: 466,231 shares worth $17.3M.
- Mendon Capital Advisors added most to Pinnacle Financial Partners Inc in Q2 2017, an estimated $51.2M increase.
- Mendon Capital Advisors's biggest Q2 2017 reduction was IBERIABANK Corp, cutting an estimated $14.6M.
- Mendon Capital Advisors fully exited BNC Bancorp in Q2 2017, selling an estimated $61.5M.
- Mendon Capital Advisors's ten largest holdings make up 31% of its $1.26B portfolio in Q2 2017.
- Mendon Capital Advisors opened 20 new positions and closed 24 in Q2 2017.
- Mendon Capital Advisors's portfolio value rose 0.97% quarter-over-quarter to $1.26B.
Based on Mendon Capital Advisors's 13F filing for Q2 2017, filed 14 Aug 2017.