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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
+6.22%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
-$63M
(-5%)
Cap. Flow
-$84.2M
Cap. Flow
% of AUM
-7.05%
Top 10 Holdings %
Top 10 Hldgs %
34.02%
Holding
128
New
14
Increased
21
Reduced
43
Closed
19
Avg Time Held Equity + Options
1.5
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
0.8
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Live Oak Bancshares
LOB
|
+$27.8M |
| 2 |
FB Financial Corp
FBK
|
+$9.72M |
| 3 |
Fidelity Southern Corporation
LION
|
+$5.59M |
| 4 |
Triumph Financial Inc
TFIN
|
+$5.06M |
| 5 |
Center Bancorp
CNOB
|
+$3.92M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AF
Astoria Financial Corporation
AF
|
+$13.1M |
| 2 |
First Interstate BancSystem
FIBK
|
+$12.4M |
| 3 |
Ameris Bancorp
ABCB
|
+$8.89M |
| 4 |
Bankunited
BKU
|
+$6.72M |
| 5 |
GBNK
Guaranty Bancorp
GBNK
|
+$6.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 68.55% |
| 2 | Miscellaneous | 31.36% |
| 3 | Healthcare | 0.09% |
| 4 | Consumer Discretionary | 0% |
| 5 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Pinnacle Financial Partners Inc
PNFP
$14.3B
| $56.3M | 4.71% |
841,264
| – | – |
2017 Q1
2 quarters
|
|
|
2
FB Financial Corp
FBK
$2.55B
| $48.4M | 4.05% |
1,282,870
+278,015
| +28% | +$9.72M |
2016 Q3
4 quarters
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $48.2M | 4.04% |
192,000
-28,000
| -13% | -$6.9M |
2016 Q1
6 quarters
|
|
|
4
Triumph Financial Inc
TFIN
$1.48B
| $43.3M | 3.63% |
1,343,570
+180,390
| +16% | +$5.06M |
2014 Q4
11 quarters
|
|
5
PUT
iShares Russell 2000 ETF
IWM
$77.5B
| $42.7M | 3.57% |
288,000
+24,000
| +9% | +$3.38M |
2016 Q1
6 quarters
|
|
|
PSTB
6
DELISTED
Park Sterling Corp.
PSTB
| $41.1M | 3.44% |
3,307,658
+41,180
| +1% | +$478K |
2013 Q2
17 quarters
|
|
7
PUT
State Street Financial Select Sector SPDR ETF
XLF
$51.4B
| $34.8M | 2.91% |
1,344,000
-416,000
| -24% | -$10.4M |
2015 Q4
7 quarters
|
|
8
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.31B
| $34.5M | 2.89% |
608,000
+80,000
| +15% | +$4.3M |
2016 Q1
6 quarters
|
|
9
DELISTED
Pacific Premier Bancorp
PPBI
| $29.3M | 2.45% |
776,390
-152,167
| -16% | -$5.47M |
2017 Q1
2 quarters
|
|
|
10
Live Oak Bancshares
LOB
$1.63B
| $27.9M | 2.34% |
+1,189,760
| New | +$27.8M |
2017 Q3
0 quarters
|
|
11
First Bancorp
FBNC
$2.5B
| $26.4M | 2.21% |
766,475
-17,705
| -2% | -$555K |
2014 Q2
13 quarters
|
|
|
ACBI
12
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $26.4M | 2.21% |
1,452,973
-331
| -0% | -$6.03K |
2015 Q4
7 quarters
|
|
13
DELISTED
First Foundation Inc
FFWM
| $25.9M | 2.17% |
1,450,482
| – | – |
2015 Q3
8 quarters
|
|
|
OPB
14
DELISTED
Opus Bank Common Stock
OPB
| $25.8M | 2.16% |
1,072,965
-105,455
| -9% | -$2.44M |
2015 Q4
7 quarters
|
|
15
Seacoast Banking Corp of Florida
SBCF
$3.14B
| $25.4M | 2.13% |
1,063,240
| – | – |
2013 Q2
17 quarters
|
|
16
PUT
iShares MSCI Emerging Markets ETF
EEM
$29.6B
| $20.1M | 1.68% |
448,000
+96,000
| +27% | +$4.23M |
2016 Q4
3 quarters
|
|
17
Valley National Bancorp
VLY
$7.05B
| $16.9M | 1.41% |
1,401,918
+46,528
| +3% | +$536K |
2016 Q4
3 quarters
|
|
|
18
DELISTED
Fidelity Southern Corporation
LION
| $16.8M | 1.41% |
712,489
+252,988
| +55% | +$5.59M |
2013 Q2
17 quarters
|
|
19
Equity Bancshares
EQBK
$961M
| $15.9M | 1.33% |
446,480
| – | – |
2015 Q4
7 quarters
|
|
20
OceanFirst Financial
OCFC
$1.54B
| $15.3M | 1.28% |
556,036
-22,824
| -4% | -$595K |
2016 Q1
6 quarters
|
|
|
UBNK
21
DELISTED
United Financial Bancorp, Inc.
UBNK
| $14.6M | 1.23% |
800,375
-174,560
| -18% | -$3.03M |
2015 Q2
9 quarters
|
|
22
PUT
Mastercard
MA
$540B
| $13.6M | 1.13% |
96,000
+8,000
| +9% | +$1.06M |
2017 Q2
1 quarter
|
|
|
XBKS
23
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| $13M | 1.09% |
400,000
-189,776
| -32% | -$5.6M |
2015 Q2
9 quarters
|
|
24
Southern First Bancshares
SFST
$566M
| $12.5M | 1.04% |
342,859
-368
| -0.1% | -$13.3K |
2015 Q2
9 quarters
|
|
|
IBKC
25
DELISTED
IBERIABANK Corp
IBKC
| $12.3M | 1.03% |
150,000
-25,000
| -14% | -$1.96M |
2016 Q4
3 quarters
|
|
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Mendon Capital Advisors's Q3 2017 Portfolio in Review
As of Q3 2017, Mendon Capital Advisors held 128 positions worth $1.19B, down 5% from $1.26B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Mendon Capital Advisors withdrew a net $84.2M in Q3 2017, closing 19 positions and reducing 43 holdings. Its most notable exit was Astoria Financial Corporation, an estimated $13.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 67% a quarter earlier, followed by Miscellaneous and Healthcare.
Against the trend, Mendon Capital Advisors opened a new position in Live Oak Bancshares worth $27.9M.
- Mendon Capital Advisors's largest Q3 2017 buy was Live Oak Bancshares: 1,189,760 shares worth $27.9M.
- Mendon Capital Advisors added most to FB Financial Corp in Q3 2017, an estimated $9.72M increase.
- Mendon Capital Advisors's biggest Q3 2017 reduction was First Interstate BancSystem, cutting an estimated $12.4M.
- Mendon Capital Advisors fully exited Astoria Financial Corporation in Q3 2017, selling an estimated $13.1M.
- Mendon Capital Advisors's ten largest holdings make up 34% of its $1.19B portfolio in Q3 2017.
- Mendon Capital Advisors opened 14 new positions and closed 19 in Q3 2017.
- Mendon Capital Advisors's portfolio value fell 5% quarter-over-quarter to $1.19B.
Based on Mendon Capital Advisors's 13F filing for Q3 2017, filed 14 Nov 2017.