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
+3.98%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$823M
AUM Growth
-$28.1M
(-3.3%)
Cap. Flow
-$54.9M
Cap. Flow
% of AUM
-6.67%
Top 10 Holdings %
Top 10 Hldgs %
44.36%
Holding
104
New
11
Increased
20
Reduced
40
Closed
21
Avg Time Held Equity + Options
2
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
2.4
years
Top 10 Avg Time Held Equity only
1.4
years
Top 20 Avg Time Held Equity only
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Veritex Holdings
VBTX
|
+$15.1M |
| 2 |
Origin Bancorp
OBK
|
+$15M |
| 3 |
Bank7 Corp
BSVN
|
+$4.55M |
| 4 |
Triumph Financial Inc
TFIN
|
+$3.86M |
| 5 |
BayCom
BCML
|
+$3.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ares Management
ARES
|
+$15.8M |
| 2 |
GNBC
Green Bancorp, Inc
GNBC
|
+$11.3M |
| 3 |
OPB
Opus Bank Common Stock
OPB
|
+$11M |
| 4 |
Western New England Bancorp
WNEB
|
+$9.03M |
| 5 |
Seacoast Banking Corp of Florida
SBCF
|
+$7.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 76.67% |
| 2 | Miscellaneous | 23.29% |
| 3 | Industrials | 0.04% |
| 4 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
FB Financial Corp
FBK
$2.49B
| $60.9M | 7.4% |
1,917,769
-90,840
| -5% | -$3.14M |
2016 Q3
10 quarters
|
|
|
2
DELISTED
Veritex Holdings
VBTX
| $53M | 6.44% |
2,188,735
+596,805
| +37% | +$15.1M |
2016 Q2
11 quarters
|
|
|
3
Triumph Financial Inc
TFIN
$1.46B
| $46M | 5.58% |
1,564,215
+123,677
| +9% | +$3.86M |
2014 Q4
17 quarters
|
|
4
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
| $35.2M | 4.28% |
686,000
+245,000
| +56% | +$13.1M |
2016 Q1
12 quarters
|
|
5
Ameris Bancorp
ABCB
$5.24B
| $34.9M | 4.24% |
1,016,575
-15,172
| -1% | -$564K |
2013 Q2
23 quarters
|
|
6
DELISTED
Independent Bank Group, Inc.
IBTX
| $30.5M | 3.7% |
594,026
+29,385
| +5% | +$1.58M |
2017 Q4
5 quarters
|
|
7
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $27.7M | 3.36% |
98,000
+24,500
| +33% | +$6.66M |
2016 Q1
12 quarters
|
|
8
First Bancorp
FBNC
$2.45B
| $27.6M | 3.35% |
794,337
-161,796
| -17% | -$5.93M |
2014 Q2
19 quarters
|
|
9
PUT
iShares MSCI Emerging Markets ETF
EEM
$29.8B
| $25.2M | 3.07% |
+588,000
| New | +$24.7M |
2019 Q1
0 quarters
|
|
10
DELISTED
Fidelity Southern Corporation
LION
| $24.1M | 2.93% |
881,616
+33,597
| +4% | +$1M |
2013 Q2
23 quarters
|
|
11
Equity Bancshares
EQBK
$959M
| $23.1M | 2.81% |
803,230
+65,949
| +9% | +$2.15M |
2015 Q4
13 quarters
|
|
|
CARO
12
DELISTED
Carolina Financial Corp.
CARO
| $22M | 2.68% |
637,438
| – | – |
2017 Q1
8 quarters
|
|
|
ACBI
13
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $21.3M | 2.58% |
1,192,307
-64,758
| -5% | -$1.2M |
2015 Q4
13 quarters
|
|
14
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
| $18.9M | 2.3% |
735,000
+269,500
| +58% | +$6.96M |
2015 Q4
13 quarters
|
|
|
15
Origin Bancorp
OBK
$1.58B
| $18.6M | 2.26% |
546,005
+429,586
| +369% | +$15M |
2018 Q4
1 quarter
|
|
16
Live Oak Bancshares
LOB
$1.59B
| $17.7M | 2.15% |
1,209,232
+161,752
| +15% | +$2.49M |
2017 Q3
6 quarters
|
|
17
DELISTED
First Foundation Inc
FFWM
| $17.3M | 2.1% |
1,272,663
-215,515
| -14% | -$3.11M |
2015 Q3
14 quarters
|
|
|
OLBK
18
DELISTED
Old Line Bancshares, Inc.
OLBK
| $17.1M | 2.08% |
686,871
+48,898
| +8% | +$1.34M |
2015 Q4
13 quarters
|
|
19
DELISTED
The First Bancshares, Inc.
FBMS
| $16M | 1.94% |
516,865
+55,406
| +12% | +$1.75M |
2013 Q2
23 quarters
|
|
20
Byline Bancorp
BY
$1.66B
| $15.9M | 1.93% |
859,365
| – | – |
2017 Q2
7 quarters
|
|
|
UBNK
21
DELISTED
United Financial Bancorp, Inc.
UBNK
| $15.2M | 1.84% |
1,057,175
-2,320
| -0.2% | -$35.1K |
2015 Q2
15 quarters
|
|
22
Pinnacle Financial Partners Inc
PNFP
$14B
| $14.8M | 1.79% |
270,000
-118,610
| -31% | -$6.55M |
2017 Q1
8 quarters
|
|
|
FPAC.U
23
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $14.3M | 1.74% |
1,378,850
| – | – |
2018 Q2
3 quarters
|
|
|
HBMD
24
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
| $11.6M | 1.41% |
781,043
+41,532
| +6% | +$583K |
2018 Q1
4 quarters
|
|
25
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $11.3M | 1.37% |
73,500
-122,500
| -63% | -$18.4M |
2016 Q1
12 quarters
|
|
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Mendon Capital Advisors's Q1 2019 Portfolio in Review
As of Q1 2019, Mendon Capital Advisors held 104 positions worth $823M, down 3.3% from $851M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Mendon Capital Advisors withdrew a net $54.9M in Q1 2019, closing 21 positions and reducing 40 holdings. Its most notable exit was Green Bancorp, Inc, an estimated $11.3M position sold in full.
By sector, the portfolio is most concentrated in Financials at 77% of assets, down from 78% a quarter earlier, followed by Miscellaneous and Industrials.
Against the trend, Mendon Capital Advisors opened a new position in Carter Bankshares worth $404K.
- Mendon Capital Advisors's largest Q1 2019 buy was Carter Bankshares: 21,070 shares worth $404K.
- Mendon Capital Advisors added most to Veritex Holdings in Q1 2019, an estimated $15.1M increase.
- Mendon Capital Advisors's biggest Q1 2019 reduction was Ares Management, cutting an estimated $15.8M.
- Mendon Capital Advisors fully exited Green Bancorp, Inc in Q1 2019, selling an estimated $11.3M.
- Mendon Capital Advisors's ten largest holdings make up 44% of its $823M portfolio in Q1 2019.
- Mendon Capital Advisors opened 11 new positions and closed 21 in Q1 2019.
- Mendon Capital Advisors's portfolio value fell 3.3% quarter-over-quarter to $823M.
Based on Mendon Capital Advisors's 13F filing for Q1 2019, filed 15 May 2019.