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
+5.34%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$638M
AUM Growth
-$185M
(-22%)
Cap. Flow
-$108M
Cap. Flow
% of AUM
-16.99%
Top 10 Holdings %
Top 10 Hldgs %
48.53%
Holding
93
New
10
Increased
10
Reduced
41
Closed
26
Avg Time Held Equity + Options
2.3
years
Top 10 Avg Time Held Equity + Options
0.9
years
Top 20 Avg Time Held Equity + Options
1.2
years
Avg Time Held Equity only
2.6
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
South Plains Financial
SPFI
|
+$4.45M |
| 2 |
Equity Bancshares
EQBK
|
+$4.02M |
| 3 |
Comerica
CMA
|
+$2.79M |
| 4 |
OLBK
Old Line Bancshares, Inc.
OLBK
|
+$1.89M |
| 5 |
LBC
Luther Burbank Corporation Common Stock
LBC
|
+$1.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Triumph Financial Inc
TFIN
|
+$16M |
| 2 |
FB Financial Corp
FBK
|
+$14.4M |
| 3 |
Ameris Bancorp
ABCB
|
+$9.39M |
| 4 |
Independent Bank Group, Inc.
IBTX
|
+$9.3M |
| 5 |
MSL
Midsouth Bancorp, Inc.
MSL
|
+$7.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 86.76% |
| 2 | Miscellaneous | 13.24% |
| 3 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
FB Financial Corp
FBK
$2.49B
| $55.3M | 8.66% |
1,510,038
-407,731
| -21% | -$14.4M |
2016 Q3
11 quarters
|
|
2
DELISTED
Veritex Holdings
VBTX
| $53M | 8.31% |
2,043,538
-145,197
| -7% | -$3.76M |
2016 Q2
12 quarters
|
|
|
3
Triumph Financial Inc
TFIN
$1.46B
| $29.8M | 4.68% |
1,026,982
-537,233
| -34% | -$16M |
2014 Q4
18 quarters
|
|
|
4
Ameris Bancorp
ABCB
$5.24B
| $29.8M | 4.66% |
759,429
-257,146
| -25% | -$9.39M |
2013 Q2
24 quarters
|
|
5
DELISTED
Fidelity Southern Corporation
LION
| $26.3M | 4.11% |
847,786
-33,830
| -4% | -$987K |
2013 Q2
24 quarters
|
|
|
6
Equity Bancshares
EQBK
$959M
| $25.4M | 3.99% |
954,042
+150,812
| +19% | +$4.02M |
2015 Q4
14 quarters
|
|
7
First Bancorp
FBNC
$2.45B
| $23.3M | 3.65% |
638,880
-155,457
| -20% | -$5.69M |
2014 Q2
20 quarters
|
|
|
8
DELISTED
Independent Bank Group, Inc.
IBTX
| $23.3M | 3.64% |
423,088
-170,938
| -29% | -$9.3M |
2017 Q4
6 quarters
|
|
|
CARO
9
DELISTED
Carolina Financial Corp.
CARO
| $22.4M | 3.51% |
637,438
| – | – |
2017 Q1
9 quarters
|
|
10
Live Oak Bancshares
LOB
$1.59B
| $21.2M | 3.33% |
1,237,381
+28,149
| +2% | +$462K |
2017 Q3
7 quarters
|
|
|
OLBK
11
DELISTED
Old Line Bancshares, Inc.
OLBK
| $20.3M | 3.17% |
761,010
+74,139
| +11% | +$1.89M |
2015 Q4
14 quarters
|
|
12
Origin Bancorp
OBK
$1.58B
| $18.7M | 2.93% |
567,162
+21,157
| +4% | +$719K |
2018 Q4
2 quarters
|
|
|
ACBI
13
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $17.1M | 2.69% |
1,001,601
-190,706
| -16% | -$3.33M |
2015 Q4
14 quarters
|
|
14
DELISTED
The First Bancshares, Inc.
FBMS
| $16.6M | 2.6% |
546,291
+29,426
| +6% | +$900K |
2013 Q2
24 quarters
|
|
15
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $15.9M | 2.5% |
102,500
+29,000
| +39% | +$4.47M |
2016 Q1
13 quarters
|
|
|
FPAC.U
16
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
| $14.9M | 2.34% |
1,378,850
| – | – |
2018 Q2
4 quarters
|
|
17
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $14M | 2.19% |
47,800
-50,200
| -51% | -$14.5M |
2016 Q1
13 quarters
|
|
|
UBNK
18
DELISTED
United Financial Bancorp, Inc.
UBNK
| $13.1M | 2.05% |
924,317
-132,858
| -13% | -$1.82M |
2015 Q2
16 quarters
|
|
19
Amalgamated Financial
AMAL
$1.39B
| $12.4M | 1.95% |
712,577
+14,694
| +2% | +$246K |
2018 Q3
3 quarters
|
|
20
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$3.25B
| $12.4M | 1.95% |
232,300
-453,700
| -66% | -$24.2M |
2016 Q1
13 quarters
|
|
21
Byline Bancorp
BY
$1.66B
| $12.2M | 1.91% |
636,059
-223,306
| -26% | -$4.28M |
2017 Q2
8 quarters
|
|
|
HBMD
22
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
| $11.5M | 1.8% |
757,683
-23,360
| -3% | -$332K |
2018 Q1
5 quarters
|
|
23
Southern First Bancshares
SFST
$561M
| $10.5M | 1.64% |
266,987
-20,255
| -7% | -$734K |
2015 Q2
16 quarters
|
|
24
Pinnacle Financial Partners Inc
PNFP
$14B
| $10.4M | 1.63% |
180,631
-89,369
| -33% | -$5.03M |
2017 Q1
9 quarters
|
|
25
DELISTED
First Foundation Inc
FFWM
| $10.1M | 1.58% |
750,000
-522,663
| -41% | -$7.21M |
2015 Q3
15 quarters
|
|
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Mendon Capital Advisors's Q2 2019 Portfolio in Review
As of Q2 2019, Mendon Capital Advisors held 93 positions worth $638M, down 22% from $823M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Mendon Capital Advisors withdrew a net $108M in Q2 2019, closing 26 positions and reducing 41 holdings. Its most notable exit was Midsouth Bancorp, Inc., an estimated $7.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 87% of assets, up from 77% a quarter earlier, followed by Miscellaneous and Industrials.
Against the trend, Mendon Capital Advisors opened a new position in South Plains Financial worth $4.16M.
- Mendon Capital Advisors's largest Q2 2019 buy was South Plains Financial: 252,076 shares worth $4.16M.
- Mendon Capital Advisors added most to Equity Bancshares in Q2 2019, an estimated $4.02M increase.
- Mendon Capital Advisors's biggest Q2 2019 reduction was Triumph Financial Inc, cutting an estimated $16M.
- Mendon Capital Advisors fully exited Midsouth Bancorp, Inc. in Q2 2019, selling an estimated $7.6M.
- Mendon Capital Advisors's ten largest holdings make up 49% of its $638M portfolio in Q2 2019.
- Mendon Capital Advisors opened 10 new positions and closed 26 in Q2 2019.
- Mendon Capital Advisors's portfolio value fell 22% quarter-over-quarter to $638M.
Based on Mendon Capital Advisors's 13F filing for Q2 2019, filed 13 Aug 2019.