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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
+2.63%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$171M
AUM Growth
-$25.1M
Cap. Flow
-$24.1M
Cap. Flow %
-14.07%
Top 10 Hldgs %
50.92%
Holding
67
New
8
Increased
14
Reduced
26
Closed
14

Top Buys

Rank Stock Value
1
FBP icon
First Bancorp
FBP
+$4.53M
2
BPOP icon
Popular Inc
BPOP
+$3.99M
3
FIBK icon
First Interstate BancSystem
FIBK
+$2.32M
4
RNST icon
Renasant Corp
RNST
+$1.8M
5
FSKR
FS KKR Capital Corp. II
FSKR
+$1.76M

Top Sells

Rank Stock Value
1
GB
Global Blue Group Holding
GB
+$8.19M
2
FBK icon
FB Financial Corp
FBK
+$6.08M
3
LOB icon
Live Oak Bancshares
LOB
+$5.36M
4
PFHD
Professional Holding Corp. Class A Common stock
PFHD
+$3.12M
5
BKU icon
Bankunited
BKU
+$2.43M

Sector Composition

Rank Sector Weight
1 Financials 97.32%
2 Consumer Discretionary 1.63%
3 Miscellaneous 1.05%
4 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LOB icon
1
Live Oak Bancshares
LOB
$1.86B
$14.6M 8.5%
575,000
-275,000
-32% -$5.36M
VBTX
2
DELISTED
Veritex Holdings
VBTX
$11.2M 6.56%
660,192
-52,673
-7% -$911K
ABCB icon
3
Ameris Bancorp
ABCB
$5.74B
$10.1M 5.91%
444,364
-69,421
-14% -$1.63M
FBMS
4
DELISTED
The First Bancshares, Inc.
FBMS
$8.72M 5.09%
415,666
-51,210
-11% -$1.09M
EQBK icon
5
Equity Bancshares
EQBK
$1.02B
$8.16M 4.76%
526,323
-151,872
-22% -$2.33M
FBK icon
6
FB Financial Corp
FBK
$2.89B
$7.91M 4.62%
315,000
-235,000
-43% -$6.08M
FHN icon
7
First Horizon
FHN
$11.7B
$7.51M 4.38%
796,836
-3,164
-0.4% -$29.7K
STXB
8
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
$6.93M 4.04%
620,825
-8,777
-1% -$104K
FBP icon
9
First Bancorp
FBP
$4.28B
$6.08M 3.55%
1,164,830
+814,830
+233% +$4.53M
OBK icon
10
Origin Bancorp
OBK
$1.64B
$6.02M 3.51%
281,758
-23,228
-8% -$520K
BPOP icon
11
Popular Inc
BPOP
$10.8B
$5.7M 3.32%
157,050
+107,692
+218% +$3.99M
BY icon
12
Byline Bancorp
BY
$1.73B
$5.64M 3.29%
500,000
– –
TCF
13
DELISTED
TCF Financial Corporation Common Stock
TCF
$5.26M 3.07%
225,000
– –
HBMD
14
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
$4.84M 2.82%
538,535
-2,064
-0.4% -$20.1K
TFIN icon
15
Triumph Financial Inc
TFIN
$1.72B
$4.67M 2.73%
150,000
– –
SNV
16
DELISTED
Synovus
SNV
$3.81M 2.22%
180,000
-66,411
-27% -$1.38M
WFC icon
17
Wells Fargo
WFC
$262B
$3.53M 2.06%
150,000
+20,000
+15% +$493K
HTH icon
18
Hilltop Holdings
HTH
$2.21B
$3.37M 1.96%
163,589
+63,589
+64% +$1.23M
CNNE icon
19
Cannae Holdings
CNNE
$678M
$2.79M 1.63%
75,000
– –
FBNC icon
20
First Bancorp
FBNC
$2.65B
$2.78M 1.62%
133,000
-42,000
-24% -$901K
ALLY icon
21
Ally Financial
ALLY
$12.8B
$2.51M 1.46%
100,000
-68,316
-41% -$1.53M
RBNC
22
DELISTED
Reliant Bancorp, Inc. Common Stock
RBNC
$2.49M 1.45%
171,960
+15,798
+10% +$235K
SSB icon
23
SouthState Bank Corp
SSB
$10.3B
$2.41M 1.4%
50,000
-10,000
-17% -$517K
WTFC icon
24
Wintrust Financial
WTFC
$10.3B
$2.4M 1.4%
60,000
+5,000
+9% +$214K
FIBK icon
25
First Interstate BancSystem
FIBK
$3.53B
$2.39M 1.39%
+75,000
New +$2.32M
1
2 3

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Mendon Capital Advisors's Q3 2020 Portfolio in Review

As of Q3 2020, Mendon Capital Advisors held 67 positions worth $171M, down 13% from $196M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Mendon Capital Advisors withdrew a net $24.1M in Q3 2020, closing 14 positions and reducing 26 holdings. Its most notable exit was Global Blue Group Holding, an estimated $8.19M position sold in full.

By sector, the portfolio is most concentrated in Financials at 97% of assets, up from 93% a quarter earlier, followed by Consumer Discretionary and Miscellaneous.

Against the trend, Mendon Capital Advisors opened a new position in First Interstate BancSystem worth $2.39M.

  • Mendon Capital Advisors's largest Q3 2020 buy was First Interstate BancSystem: 75,000 shares worth $2.39M.
  • Mendon Capital Advisors added most to First Bancorp in Q3 2020, an estimated $4.53M increase.
  • Mendon Capital Advisors's biggest Q3 2020 reduction was FB Financial Corp, cutting an estimated $6.08M.
  • Mendon Capital Advisors fully exited Global Blue Group Holding in Q3 2020, selling an estimated $8.19M.
  • Mendon Capital Advisors's ten largest holdings make up 51% of its $171M portfolio in Q3 2020.
  • Mendon Capital Advisors opened 8 new positions and closed 14 in Q3 2020.
  • Mendon Capital Advisors's portfolio value fell 13% quarter-over-quarter to $171M.

Based on Mendon Capital Advisors's 13F filing for Q3 2020, filed 10 Nov 2020.