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
+2.95%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.19B
AUM Growth
+$86.4M
(+7.8%)
Cap. Flow
+$59M
Cap. Flow
% of AUM
4.97%
Top 10 Holdings %
Top 10 Hldgs %
35.88%
Holding
115
New
13
Increased
33
Reduced
47
Closed
10
Avg Time Held Equity + Options
1.7
years
Top 10 Avg Time Held Equity + Options
0.7
years
Top 20 Avg Time Held Equity + Options
1.1
years
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FB Financial Corp
FBK
|
+$30.5M |
| 2 |
Regions Financial
RF
|
+$14M |
| 3 |
FPAC.U
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
|
+$14M |
| 4 |
KeyCorp
KEY
|
+$14M |
| 5 |
Triumph Financial Inc
TFIN
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OceanFirst Financial
OCFC
|
+$20.7M |
| 2 |
SouthState Bank Corp
SSB
|
+$10.6M |
| 3 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$8.55M |
| 4 |
Valley National Bancorp
VLY
|
+$8.22M |
| 5 |
ACFC
Atlantic Coast Financial Corporation
ACFC
|
+$7.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 76.51% |
| 2 | Miscellaneous | 23.43% |
| 3 | Healthcare | 0.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
FB Financial Corp
FBK
$2.49B
| $82.3M | 6.93% |
2,021,698
+738,828
| +58% | +$30.5M |
2016 Q3
7 quarters
|
|
|
2
Triumph Financial Inc
TFIN
$1.46B
| $63.8M | 5.38% |
1,566,804
+263,221
| +20% | +$10.6M |
2014 Q4
14 quarters
|
|
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $53.7M | 4.52% |
198,000
+38,500
| +24% | +$10.4M |
2016 Q1
9 quarters
|
|
4
First Bancorp
FBNC
$2.45B
| $38.7M | 3.25% |
944,889
-130
| -0% | -$5.15K |
2014 Q2
16 quarters
|
|
5
DELISTED
Independent Bank Group, Inc.
IBTX
| $36.2M | 3.05% |
542,554
+4,471
| +0.8% | +$326K |
2017 Q4
2 quarters
|
|
6
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $32.4M | 2.73% |
198,000
-5,000
| -2% | -$800K |
2016 Q1
9 quarters
|
|
7
Live Oak Bancshares
LOB
$1.59B
| $32M | 2.69% |
1,043,096
-198,593
| -16% | -$5.82M |
2017 Q3
3 quarters
|
|
|
OPB
8
DELISTED
Opus Bank Common Stock
OPB
| $29M | 2.44% |
1,011,115
-61,850
| -6% | -$1.78M |
2015 Q4
10 quarters
|
|
|
9
SouthState Bank Corp
SSB
$9.62B
| $29M | 2.44% |
336,129
-120,202
| -26% | -$10.6M |
2017 Q4
2 quarters
|
|
|
ACBI
10
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $28.9M | 2.44% |
1,472,495
+605
| +0% | +$12.1K |
2015 Q4
10 quarters
|
|
11
Pinnacle Financial Partners Inc
PNFP
$14B
| $26.9M | 2.27% |
438,610
-13,784
| -3% | -$896K |
2017 Q1
5 quarters
|
|
12
DELISTED
First Foundation Inc
FFWM
| $22.4M | 1.88% |
1,206,474
-153,392
| -11% | -$2.91M |
2015 Q3
11 quarters
|
|
13
Ameris Bancorp
ABCB
$5.24B
| $22.3M | 1.88% |
418,632
+167,415
| +67% | +$9.15M |
2013 Q2
20 quarters
|
|
14
Equity Bancshares
EQBK
$959M
| $21.9M | 1.84% |
527,587
| – | – |
2015 Q4
10 quarters
|
|
15
DELISTED
Fidelity Southern Corporation
LION
| $21.6M | 1.82% |
850,217
-38,060
| -4% | -$918K |
2013 Q2
20 quarters
|
|
|
UBNK
16
DELISTED
United Financial Bancorp, Inc.
UBNK
| $20.6M | 1.73% |
1,173,455
+8,928
| +0.8% | +$153K |
2015 Q2
12 quarters
|
|
17
PUT
iShares MSCI Emerging Markets ETF
EEM
$29.8B
| $20M | 1.69% |
462,000
+244,500
| +112% | +$11.3M |
2016 Q4
6 quarters
|
|
18
Ares Management
ARES
$25.6B
| $18.5M | 1.56% |
893,003
-224,892
| -20% | -$4.86M |
2018 Q1
1 quarter
|
|
|
OLBK
19
DELISTED
Old Line Bancshares, Inc.
OLBK
| $18.1M | 1.52% |
518,574
+196,824
| +61% | +$6.74M |
2015 Q4
10 quarters
|
|
|
CARO
20
DELISTED
Carolina Financial Corp.
CARO
| $17.9M | 1.51% |
417,457
+189,184
| +83% | +$7.86M |
2017 Q1
5 quarters
|
|
21
Seacoast Banking Corp of Florida
SBCF
$3.06B
| $17.7M | 1.49% |
560,739
-109,733
| -16% | -$3.26M |
2013 Q2
20 quarters
|
|
22
DELISTED
The First Bancshares, Inc.
FBMS
| $16.6M | 1.4% |
462,628
+9,084
| +2% | +$306K |
2013 Q2
20 quarters
|
|
23
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
| $16.1M | 1.36% |
264,000
-200,000
| -43% | -$12.5M |
2016 Q1
9 quarters
|
|
24
DELISTED
Veritex Holdings
VBTX
| $14.6M | 1.23% |
468,578
+39,198
| +9% | +$1.17M |
2016 Q2
8 quarters
|
|
|
FPAC.U
25
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $14.1M | 1.18% |
+1,378,850
| New | +$14M |
2018 Q2
0 quarters
|
|
Similar funds
SHA
FPW
OCFG
S
HC
HC
BC
GCC
Mendon Capital Advisors's Q2 2018 Portfolio in Review
As of Q2 2018, Mendon Capital Advisors held 115 positions worth $1.19B, up 7.8% from $1.1B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Mendon Capital Advisors deployed $59M of net new capital in Q2 2018, opening 13 new positions and adding to 33 existing holdings. Its largest new stake was Regions Financial: 750,000 shares worth $13.3M.
By sector, the portfolio is most concentrated in Financials at 77% of assets, up from 76% a quarter earlier, followed by Miscellaneous and Healthcare.
On the sell side, the largest reduction was OceanFirst Financial, an estimated $20.7M trimmed.
- Mendon Capital Advisors's largest Q2 2018 buy was Regions Financial: 750,000 shares worth $13.3M.
- Mendon Capital Advisors added most to FB Financial Corp in Q2 2018, an estimated $30.5M increase.
- Mendon Capital Advisors's biggest Q2 2018 reduction was OceanFirst Financial, cutting an estimated $20.7M.
- Mendon Capital Advisors fully exited Atlantic Coast Financial Corporation in Q2 2018, selling an estimated $7.12M.
- Mendon Capital Advisors's ten largest holdings make up 36% of its $1.19B portfolio in Q2 2018.
- Mendon Capital Advisors opened 13 new positions and closed 10 in Q2 2018.
- Mendon Capital Advisors's portfolio value rose 7.8% quarter-over-quarter to $1.19B.
Based on Mendon Capital Advisors's 13F filing for Q2 2018, filed 13 Aug 2018.