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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
+14.94%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$196M
AUM Growth
-$7.17M
Cap. Flow
-$29.3M
Cap. Flow %
-14.9%
Top 10 Hldgs %
52.75%
Holding
70
New
17
Increased
11
Reduced
29
Closed
11

Top Buys

Rank Stock Value
1
FHN icon
First Horizon
FHN
+$5.95M
2
BUSE icon
First Busey Corp
BUSE
+$2.85M
3
CNNE icon
Cannae Holdings
CNNE
+$2.57M
4
WFC icon
Wells Fargo
WFC
+$2.46M
5
BKU icon
Bankunited
BKU
+$2.25M

Top Sells

Rank Stock Value
1
FBK icon
FB Financial Corp
FBK
+$8.79M
2
CARO
Carolina Financial Corp.
CARO
+$5.94M
3
BCML icon
BayCom
BCML
+$5.91M
4
ABCB icon
Ameris Bancorp
ABCB
+$5.28M
5
VBTX
Veritex Holdings
VBTX
+$5.25M

Sector Composition

Rank Sector Weight
1 Financials 93.09%
2 Technology 4.17%
3 Consumer Discretionary 1.57%
4 Miscellaneous 1.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FBK icon
1
FB Financial Corp
FBK
$2.89B
$13.6M 6.93%
550,000
-394,522
-42% -$8.79M
VBTX
2
DELISTED
Veritex Holdings
VBTX
$12.6M 6.42%
712,865
-323,138
-31% -$5.25M
LOB icon
3
Live Oak Bancshares
LOB
$1.86B
$12.3M 6.28%
850,000
-151,600
-15% -$2.06M
ABCB icon
4
Ameris Bancorp
ABCB
$5.74B
$12.1M 6.17%
513,785
-224,813
-30% -$5.28M
EQBK icon
5
Equity Bancshares
EQBK
$1.02B
$11.8M 6.02%
678,195
-211,969
-24% -$3.51M
FBMS
6
DELISTED
The First Bancshares, Inc.
FBMS
$10.5M 5.35%
466,876
-4,790
-1% -$97.3K
GB
7
DELISTED
Global Blue Group Holding
GB
$8.19M 4.17%
800,000
-421,431
-35% -$4.3M
FHN icon
8
First Horizon
FHN
$11.7B
$7.97M 4.06%
800,000
+655,000
+452% +$5.95M
STXB
9
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
$7.75M 3.94%
629,602
-58,286
-8% -$659K
OBK icon
10
Origin Bancorp
OBK
$1.64B
$6.71M 3.42%
304,986
-82,372
-21% -$1.69M
TCF
11
DELISTED
TCF Financial Corporation Common Stock
TCF
$6.62M 3.37%
225,000
-25,000
-10% -$690K
BY icon
12
Byline Bancorp
BY
$1.73B
$6.55M 3.33%
500,000
+30,312
+6% +$347K
HBMD
13
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
$5.74M 2.92%
540,599
-5,013
-0.9% -$51.2K
SNV
14
DELISTED
Synovus
SNV
$5.06M 2.57%
246,411
+1,411
+0.6% +$27.3K
FBNC icon
15
First Bancorp
FBNC
$2.65B
$4.39M 2.23%
175,000
-178,728
-51% -$4.3M
PFHD
16
DELISTED
Professional Holding Corp. Class A Common stock
PFHD
$3.73M 1.9%
268,665
-7,065
-3% -$106K
TFIN icon
17
Triumph Financial Inc
TFIN
$1.72B
$3.64M 1.85%
150,000
-72,796
-33% -$1.79M
ALLY icon
18
Ally Financial
ALLY
$12.8B
$3.34M 1.7%
168,316
+34,087
+25% +$580K
WFC icon
19
Wells Fargo
WFC
$262B
$3.33M 1.69%
130,000
+90,000
+225% +$2.46M
CNNE icon
20
Cannae Holdings
CNNE
$678M
$3.08M 1.57%
+75,000
New +$2.57M
BUSE icon
21
First Busey Corp
BUSE
$2.5B
$3.07M 1.56%
+164,562
New +$2.85M
SSB icon
22
SouthState Bank Corp
SSB
$10.3B
$2.86M 1.46%
60,000
+40,000
+200% +$2.09M
RBNC
23
DELISTED
Reliant Bancorp, Inc. Common Stock
RBNC
$2.54M 1.29%
156,162
+57,311
+58% +$766K
BKU icon
24
Bankunited
BKU
$3.3B
$2.43M 1.24%
+120,000
New +$2.25M
WTFC icon
25
Wintrust Financial
WTFC
$10.3B
$2.4M 1.22%
+55,000
New +$2.2M
1
2 3

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Mendon Capital Advisors's Q2 2020 Portfolio in Review

As of Q2 2020, Mendon Capital Advisors held 70 positions worth $196M, down 3.5% from $204M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Mendon Capital Advisors withdrew a net $29.3M in Q2 2020, closing 11 positions and reducing 29 holdings. Its most notable exit was Carolina Financial Corp., an estimated $5.94M position sold in full.

By sector, the portfolio is most concentrated in Financials at 93% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Mendon Capital Advisors opened a new position in First Busey Corp worth $3.07M.

  • Mendon Capital Advisors's largest Q2 2020 buy was First Busey Corp: 164,562 shares worth $3.07M.
  • Mendon Capital Advisors added most to First Horizon in Q2 2020, an estimated $5.95M increase.
  • Mendon Capital Advisors's biggest Q2 2020 reduction was FB Financial Corp, cutting an estimated $8.79M.
  • Mendon Capital Advisors fully exited Carolina Financial Corp. in Q2 2020, selling an estimated $5.94M.
  • Mendon Capital Advisors's ten largest holdings make up 53% of its $196M portfolio in Q2 2020.
  • Mendon Capital Advisors opened 17 new positions and closed 11 in Q2 2020.
  • Mendon Capital Advisors's portfolio value fell 3.5% quarter-over-quarter to $196M.

Based on Mendon Capital Advisors's 13F filing for Q2 2020, filed 5 Aug 2020.