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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
-18.21%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$851M
AUM Growth
-$282M
(-25%)
Cap. Flow
-$76M
Cap. Flow
% of AUM
-8.93%
Top 10 Holdings %
Top 10 Hldgs %
38.98%
Holding
121
New
15
Increased
28
Reduced
40
Closed
28
Avg Time Held Equity + Options
1.9
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
1.2
years
Avg Time Held Equity only
2.2
years
Top 10 Avg Time Held Equity only
1.2
years
Top 20 Avg Time Held Equity only
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veritex Holdings
VBTX
|
+$20.6M |
| 2 |
GNBC
Green Bancorp, Inc
GNBC
|
+$7.78M |
| 3 |
Ameris Bancorp
ABCB
|
+$7.06M |
| 4 |
CARO
Carolina Financial Corp.
CARO
|
+$6.74M |
| 5 |
Equity Bancshares
EQBK
|
+$6.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ISBC
Investors Bancorp, Inc.
ISBC
|
+$20.3M |
| 2 |
SouthState Bank Corp
SSB
|
+$20.2M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$12.5M |
| 4 |
Bankunited
BKU
|
+$10.7M |
| 5 |
Home BancShares
HOMB
|
+$9.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 77.95% |
| 2 | Miscellaneous | 21.97% |
| 3 | Healthcare | 0.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
FB Financial Corp
FBK
$2.49B
| $70.3M | 8.26% |
2,008,609
+35,198
| +2% | +$1.29M |
2016 Q3
9 quarters
|
|
2
Triumph Financial Inc
TFIN
$1.46B
| $42.8M | 5.03% |
1,440,538
+57,930
| +4% | +$2.04M |
2014 Q4
16 quarters
|
|
|
3
DELISTED
Veritex Holdings
VBTX
| $34M | 4% |
1,591,930
+843,754
| +113% | +$20.6M |
2016 Q2
10 quarters
|
|
|
4
Ameris Bancorp
ABCB
$5.24B
| $32.7M | 3.84% |
1,031,747
+173,046
| +20% | +$7.06M |
2013 Q2
22 quarters
|
|
5
First Bancorp
FBNC
$2.45B
| $31.2M | 3.67% |
956,133
+11,319
| +1% | +$423K |
2014 Q2
18 quarters
|
|
6
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $26.2M | 3.08% |
196,000
+31,000
| +19% | +$4.63M |
2016 Q1
11 quarters
|
|
|
7
Equity Bancshares
EQBK
$959M
| $26M | 3.05% |
737,281
+176,423
| +31% | +$6.42M |
2015 Q4
12 quarters
|
|
8
DELISTED
Independent Bank Group, Inc.
IBTX
| $25.8M | 3.04% |
564,641
-10,613
| -2% | -$603K |
2017 Q4
4 quarters
|
|
9
DELISTED
Fidelity Southern Corporation
LION
| $22.1M | 2.59% |
848,019
| – | – |
2013 Q2
22 quarters
|
|
10
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
| $20.6M | 2.42% |
441,000
+78,000
| +21% | +$4.17M |
2016 Q1
11 quarters
|
|
|
ACBI
11
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $20.6M | 2.42% |
1,257,065
-215,350
| -15% | -$3.55M |
2015 Q4
12 quarters
|
|
12
DELISTED
First Foundation Inc
FFWM
| $19.1M | 2.25% |
1,488,178
-42,776
| -3% | -$646K |
2015 Q3
13 quarters
|
|
|
CARO
13
DELISTED
Carolina Financial Corp.
CARO
| $18.9M | 2.22% |
637,438
+202,497
| +47% | +$6.74M |
2017 Q1
7 quarters
|
|
14
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $18.4M | 2.16% |
73,500
+40,500
| +123% | +$10.9M |
2016 Q1
11 quarters
|
|
15
PUT
State Street SPDR S&P Bank ETF
KBE
$1.45B
| $18.3M | 2.15% |
490,100
+358,100
| +271% | +$15.2M |
2016 Q1
11 quarters
|
|
16
Pinnacle Financial Partners Inc
PNFP
$14B
| $17.9M | 2.1% |
388,610
-50,000
| -11% | -$2.65M |
2017 Q1
7 quarters
|
|
|
OLBK
17
DELISTED
Old Line Bancshares, Inc.
OLBK
| $16.8M | 1.97% |
637,973
+79,399
| +14% | +$2.31M |
2015 Q4
12 quarters
|
|
|
UBNK
18
DELISTED
United Financial Bancorp, Inc.
UBNK
| $15.6M | 1.83% |
1,059,495
-129,949
| -11% | -$2.05M |
2015 Q2
14 quarters
|
|
19
Live Oak Bancshares
LOB
$1.59B
| $15.5M | 1.82% |
1,047,480
+158,986
| +18% | +$3.06M |
2017 Q3
5 quarters
|
|
20
Ares Management
ARES
$25.6B
| $15.3M | 1.8% |
861,299
-82,889
| -9% | -$1.74M |
2018 Q1
3 quarters
|
|
21
Seacoast Banking Corp of Florida
SBCF
$3.06B
| $15.1M | 1.78% |
581,697
-182,037
| -24% | -$4.88M |
2013 Q2
22 quarters
|
|
22
Byline Bancorp
BY
$1.66B
| $14.3M | 1.68% |
859,365
+225,898
| +36% | +$4.56M |
2017 Q2
6 quarters
|
|
|
OPB
23
DELISTED
Opus Bank Common Stock
OPB
| $14.1M | 1.66% |
720,397
-290,718
| -29% | -$6.2M |
2015 Q4
12 quarters
|
|
24
Amalgamated Financial
AMAL
$1.39B
| $14M | 1.64% |
717,271
+234,715
| +49% | +$4.61M |
2018 Q3
1 quarter
|
|
25
DELISTED
The First Bancshares, Inc.
FBMS
| $14M | 1.64% |
461,459
-1,169
| -0.3% | -$40.8K |
2013 Q2
22 quarters
|
|
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Mendon Capital Advisors's Q4 2018 Portfolio in Review
As of Q4 2018, Mendon Capital Advisors held 121 positions worth $851M, down 25% from $1.13B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Mendon Capital Advisors withdrew a net $76M in Q4 2018, closing 28 positions and reducing 40 holdings. Its most notable exit was Investors Bancorp, Inc., an estimated $20.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 78% of assets, down from 79% a quarter earlier, followed by Miscellaneous and Healthcare.
Against the trend, Mendon Capital Advisors opened a new position in Origin Bancorp worth $3.97M.
- Mendon Capital Advisors's largest Q4 2018 buy was Origin Bancorp: 116,419 shares worth $3.97M.
- Mendon Capital Advisors added most to Veritex Holdings in Q4 2018, an estimated $20.6M increase.
- Mendon Capital Advisors's biggest Q4 2018 reduction was SouthState Bank Corp, cutting an estimated $20.2M.
- Mendon Capital Advisors fully exited Investors Bancorp, Inc. in Q4 2018, selling an estimated $20.3M.
- Mendon Capital Advisors's ten largest holdings make up 39% of its $851M portfolio in Q4 2018.
- Mendon Capital Advisors opened 15 new positions and closed 28 in Q4 2018.
- Mendon Capital Advisors's portfolio value fell 25% quarter-over-quarter to $851M.
Based on Mendon Capital Advisors's 13F filing for Q4 2018, filed 13 Feb 2019.