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MCA

Mendon Capital Advisors Portfolio holdings

AUM $283M
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
Cap. Flow
-$76M
Cap. Flow %
-8.93%
Top 10 Hldgs %
38.98%
Holding
121
New
15
Increased
28
Reduced
40
Closed
28

Top Buys

Rank Stock Value
1
VBTX
Veritex Holdings
VBTX
+$20.6M
2
GNBC
Green Bancorp, Inc
GNBC
+$7.78M
3
ABCB icon
Ameris Bancorp
ABCB
+$7.06M
4
CARO
Carolina Financial Corp.
CARO
+$6.74M
5
EQBK icon
Equity Bancshares
EQBK
+$6.42M

Top Sells

Rank Stock Value
1
ISBC
Investors Bancorp, Inc.
ISBC
+$20.3M
2
SSB icon
SouthState Bank Corp
SSB
+$20.2M
3
ETFC
E*Trade Financial Corporation
ETFC
+$12.5M
4
BKU icon
Bankunited
BKU
+$10.7M
5
HOMB icon
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
FBK icon
1
FB Financial Corp
FBK
$2.89B
$70.3M 8.26%
2,008,609
+35,198
+2% +$1.29M
TFIN icon
2
Triumph Financial Inc
TFIN
$1.72B
$42.8M 5.03%
1,440,538
+57,930
+4% +$2.04M
VBTX
3
DELISTED
Veritex Holdings
VBTX
$34M 4%
1,591,930
+843,754
+113% +$20.6M
ABCB icon
4
Ameris Bancorp
ABCB
$5.74B
$32.7M 3.84%
1,031,747
+173,046
+20% +$7.06M
FBNC icon
5
First Bancorp
FBNC
$2.65B
$31.2M 3.67%
956,133
+11,319
+1% +$423K
IWM icon
6
PUT
iShares Russell 2000 ETF
IWM
$80.8B
$26.2M 3.08%
196,000
+31,000
+19% +$4.63M
EQBK icon
7
Equity Bancshares
EQBK
$1.02B
$26M 3.05%
737,281
+176,423
+31% +$6.42M
IBTX
8
DELISTED
Independent Bank Group, Inc.
IBTX
$25.8M 3.04%
564,641
-10,613
-2% -$603K
LION
9
DELISTED
Fidelity Southern Corporation
LION
$22.1M 2.59%
848,019
– –
KRE icon
10
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.04B
$20.6M 2.42%
441,000
+78,000
+21% +$4.17M
ACBI
11
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
$20.6M 2.42%
1,257,065
-215,350
-15% -$3.55M
FFWM
12
DELISTED
First Foundation Inc
FFWM
$19.1M 2.25%
1,488,178
-42,776
-3% -$646K
CARO
13
DELISTED
Carolina Financial Corp.
CARO
$18.9M 2.22%
637,438
+202,497
+47% +$6.74M
SPY icon
14
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$18.4M 2.16%
73,500
+40,500
+123% +$10.9M
KBE icon
15
PUT
State Street SPDR S&P Bank ETF
KBE
$1.69B
$18.3M 2.15%
490,100
+358,100
+271% +$15.2M
PNFP icon
16
Pinnacle Financial Partners Inc
PNFP
$15.3B
$17.9M 2.1%
388,610
-50,000
-11% -$2.65M
OLBK
17
DELISTED
Old Line Bancshares, Inc.
OLBK
$16.8M 1.97%
637,973
+79,399
+14% +$2.31M
UBNK
18
DELISTED
United Financial Bancorp, Inc.
UBNK
$15.6M 1.83%
1,059,495
-129,949
-11% -$2.05M
LOB icon
19
Live Oak Bancshares
LOB
$1.86B
$15.5M 1.82%
1,047,480
+158,986
+18% +$3.06M
ARES icon
20
Ares Management
ARES
$32.1B
$15.3M 1.8%
861,299
-82,889
-9% -$1.74M
SBCF icon
21
Seacoast Banking Corp of Florida
SBCF
$3.33B
$15.1M 1.78%
581,697
-182,037
-24% -$4.88M
BY icon
22
Byline Bancorp
BY
$1.73B
$14.3M 1.68%
859,365
+225,898
+36% +$4.56M
OPB
23
DELISTED
Opus Bank Common Stock
OPB
$14.1M 1.66%
720,397
-290,718
-29% -$6.2M
AMAL icon
24
Amalgamated Financial
AMAL
$1.46B
$14M 1.64%
717,271
+234,715
+49% +$4.61M
FBMS
25
DELISTED
The First Bancshares, Inc.
FBMS
$14M 1.64%
461,459
-1,169
-0.3% -$40.8K
1
2 3 4 5

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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.