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
+4.44%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.1B
AUM Growth
+$51.6M
Cap. Flow
-$20.5M
Cap. Flow %
-1.86%
Top 10 Hldgs %
34.77%
Holding
117
New
16
Increased
24
Reduced
28
Closed
15
Avg Time Held Equity + Options
1.6 years
Top 10 Avg Time Held Equity + Options
0.5 years
Top 20 Avg Time Held Equity + Options
1 year
Avg Time Held Equity only
1.8 years
Top 10 Avg Time Held Equity only
1.1 years
Top 20 Avg Time Held Equity only
1 year

Top Buys

Rank Stock Value
1
IBTX icon
Independent Bank Group, Inc.
IBTX
+$27.8M
2
ARES icon
Ares Management
ARES
+$25.4M
3
CSFL
CenterState Bank Corporation Common Stock
CSFL
+$18.7M
4
OCFC icon
OceanFirst Financial
OCFC
+$15.9M
5
BANC icon
Banc of California
BANC
+$6.15M

Top Sells

Rank Stock Value
1
SNBC
Sun Bancorp Inc
SNBC
+$15.4M
2
PPBI icon
Pacific Premier Bancorp
PPBI
+$14M
3
PNFP icon
Pinnacle Financial Partners Inc
PNFP
+$12.3M
4
XBKS
Xenith Bankshares, Inc. Common Stock
XBKS
+$11.6M
5
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$10.4M

Sector Composition

Rank Sector Weight
1 Financials 76.12%
2 Miscellaneous 23.73%
3 Healthcare 0.15%
4 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TFIN icon
1
Triumph Financial Inc
TFIN
$1.46B
$53.7M 4.88%
1,303,583
-39,333
-3% -$1.54M
2014 Q4
13 quarters
FBK icon
2
FB Financial Corp
FBK
$2.49B
$52.1M 4.73%
1,282,870
– –
2016 Q3
6 quarters
SPY icon
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$42M 3.81%
159,500
+98,500
+161% +$26.9M
2016 Q1
8 quarters
SSB icon
4
SouthState Bank Corp
SSB
$9.62B
$38.9M 3.53%
456,331
-4,116
-0.9% -$365K
2017 Q4
1 quarter
IBTX icon
5
DELISTED
Independent Bank Group, Inc.
IBTX
$38M 3.45%
538,083
+386,657
+255% +$27.8M
2017 Q4
1 quarter
LOB icon
6
Live Oak Bancshares
LOB
$1.59B
$34.5M 3.13%
1,241,689
+34,379
+3% +$908K
2017 Q3
2 quarters
FBNC icon
7
First Bancorp
FBNC
$2.45B
$33.7M 3.06%
945,019
+26,365
+3% +$950K
2014 Q2
15 quarters
IWM icon
8
PUT
iShares Russell 2000 ETF
IWM
$76.4B
$30.8M 2.8%
203,000
-102,000
-33% -$15.8M
2016 Q1
8 quarters
OPB
9
DELISTED
Opus Bank Common Stock
OPB
$30M 2.73%
1,072,965
– –
2015 Q4
9 quarters
OCFC icon
10
OceanFirst Financial
OCFC
$1.52B
$29.1M 2.64%
1,088,613
+588,613
+118% +$15.9M
2016 Q1
8 quarters
PNFP icon
11
Pinnacle Financial Partners Inc
PNFP
$14B
$29M 2.64%
452,394
-188,870
-29% -$12.3M
2017 Q1
4 quarters
KRE icon
12
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
$28M 2.54%
464,000
+200,500
+76% +$12.4M
2016 Q1
8 quarters
ACBI
13
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
$26.6M 2.42%
1,471,890
– –
2015 Q4
9 quarters
FFWM icon
14
DELISTED
First Foundation Inc
FFWM
$25.2M 2.29%
1,359,866
-89,692
-6% -$1.68M
2015 Q3
10 quarters
ARES icon
15
Ares Management
ARES
$25.6B
$23.9M 2.17%
+1,117,895
New +$25.4M
2018 Q1
0 quarters
EQBK icon
16
Equity Bancshares
EQBK
$959M
$20.7M 1.88%
527,587
+37,698
+8% +$1.4M
2015 Q4
9 quarters
LION icon
17
DELISTED
Fidelity Southern Corporation
LION
$20.5M 1.86%
888,277
+4,595
+0.5% +$108K
2013 Q2
19 quarters
UBNK
18
DELISTED
United Financial Bancorp, Inc.
UBNK
$18.9M 1.71%
1,164,527
+341,562
+42% +$5.66M
2015 Q2
11 quarters
CSFL
19
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$18.5M 1.68%
+696,804
New +$18.7M
2018 Q1
0 quarters
SBCF icon
20
Seacoast Banking Corp of Florida
SBCF
$3.06B
$17.7M 1.61%
670,472
-392,768
-37% -$10.4M
2013 Q2
19 quarters
VLY icon
21
Valley National Bancorp
VLY
$6.86B
$17.5M 1.59%
1,401,918
– –
2016 Q4
5 quarters
XLF icon
22
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
$15.6M 1.42%
565,500
-44,500
-7% -$1.28M
2015 Q4
9 quarters
FBMS icon
23
DELISTED
The First Bancshares, Inc.
FBMS
$14.6M 1.33%
453,544
– –
2013 Q2
19 quarters
ABCB icon
24
Ameris Bancorp
ABCB
$5.24B
$13.3M 1.21%
251,217
– –
2013 Q2
19 quarters
SFST icon
25
Southern First Bancshares
SFST
$561M
$13.1M 1.19%
294,466
-24,408
-8% -$1.07M
2015 Q2
11 quarters
1
2 3 4 5

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Mendon Capital Advisors's Q1 2018 Portfolio in Review

As of Q1 2018, Mendon Capital Advisors held 117 positions worth $1.1B, up 4.9% from $1.05B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Mendon Capital Advisors's Q1 2018 filing shows 16 new, 24 increased, 28 reduced and 15 closed positions. Its largest new stake was Ares Management: 1,117,895 shares worth $23.9M. The largest sale was Sun Bancorp Inc, an estimated $15.4M.

By sector, the portfolio is most concentrated in Financials at 76% of assets, down from 79% a quarter earlier, followed by Miscellaneous and Healthcare.

  • Mendon Capital Advisors's largest Q1 2018 buy was Ares Management: 1,117,895 shares worth $23.9M.
  • Mendon Capital Advisors added most to Independent Bank Group, Inc. in Q1 2018, an estimated $27.8M increase.
  • Mendon Capital Advisors's biggest Q1 2018 reduction was Pacific Premier Bancorp, cutting an estimated $14M.
  • Mendon Capital Advisors fully exited Sun Bancorp Inc in Q1 2018, selling an estimated $15.4M.
  • Mendon Capital Advisors's ten largest holdings make up 35% of its $1.1B portfolio in Q1 2018.
  • Mendon Capital Advisors opened 16 new positions and closed 15 in Q1 2018.
  • Mendon Capital Advisors's portfolio value rose 4.9% quarter-over-quarter to $1.1B.

Based on Mendon Capital Advisors's 13F filing for Q1 2018, filed 14 May 2018.