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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
-6.91%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$302M
AUM Growth
-$46M
Cap. Flow
-$18.9M
Cap. Flow %
-6.27%
Top 10 Hldgs %
40.52%
Holding
67
New
4
Increased
11
Reduced
31
Closed
7

Top Buys

Rank Stock Value
1
FIBK icon
First Interstate BancSystem
FIBK
+$16.5M
2
FCNCA icon
First Citizens BancShares
FCNCA
+$3.89M
3
UCB
United Community Banks
UCB
+$3.68M
4
FBMS
The First Bancshares, Inc.
FBMS
+$3.27M
5
SBNY
Signature Bank
SBNY
+$3.25M

Top Sells

Rank Stock Value
1
CADE
Cadence Bank
CADE
+$6.7M
2
FHN icon
First Horizon
FHN
+$6.53M
3
CIT
CIT Group Inc.
CIT
+$6.42M
4
RBNC
Reliant Bancorp, Inc. Common Stock
RBNC
+$6.27M
5
MCB icon
Metropolitan Bank Holding Corp
MCB
+$4.75M

Sector Composition

Rank Sector Weight
1 Financials 99.3%
2 Technology 0.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQBK icon
1
Equity Bancshares
EQBK
$1.02B
$15.5M 5.13%
479,466
-3,406
-0.7% -$111K
FIBK icon
2
First Interstate BancSystem
FIBK
$3.53B
$15.4M 5.1%
+419,051
New +$16.5M
LOB icon
3
Live Oak Bancshares
LOB
$1.86B
$15.3M 5.06%
300,000
-25,000
-8% -$1.6M
FBMS
4
DELISTED
The First Bancshares, Inc.
FBMS
$14.3M 4.74%
425,000
+90,000
+27% +$3.27M
VBTX
5
DELISTED
Veritex Holdings
VBTX
$13.2M 4.36%
345,350
-4,650
-1% -$187K
BY icon
6
Byline Bancorp
BY
$1.73B
$12M 3.98%
450,000
– –
OBK icon
7
Origin Bancorp
OBK
$1.64B
$9.92M 3.28%
234,527
+4,481
+2% +$196K
STXB
8
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
$9.18M 3.04%
349,421
-156,241
-31% -$4.47M
SI
9
DELISTED
Silvergate Capital Corporation
SI
$8.81M 2.92%
58,500
+396
+0.7% +$49K
SBNY
10
DELISTED
Signature Bank
SBNY
$8.8M 2.92%
30,000
+10,000
+50% +$3.25M
FBK icon
11
FB Financial Corp
FBK
$2.89B
$8.8M 2.92%
198,195
– –
TCBX icon
12
Third Coast Bancshares
TCBX
$752M
$8.62M 2.85%
373,206
-34,002
-8% -$810K
VBNK
13
VersaBank
VBNK
$643M
$8.13M 2.69%
713,448
-68,131
-9% -$780K
USCB icon
14
USCB Financial Holdings
USCB
$414M
$8.08M 2.67%
563,593
+110,500
+24% +$1.56M
CADE
15
DELISTED
Cadence Bank
CADE
$7.32M 2.42%
250,000
-214,739
-46% -$6.7M
TFIN icon
16
Triumph Financial Inc
TFIN
$1.72B
$7.05M 2.34%
75,000
– –
CCB icon
17
Coastal Financial
CCB
$741M
$6.86M 2.27%
150,000
– –
COWN
18
DELISTED
Cowen Inc. Class A Common Stock
COWN
$6.78M 2.24%
250,000
– –
PACW
19
DELISTED
PacWest Bancorp
PACW
$6.47M 2.14%
150,000
-25,000
-14% -$1.18M
CBAN icon
20
Colony Bankcorp
CBAN
$453M
$6.31M 2.09%
338,200
+161,034
+91% +$2.91M
OSBC icon
21
Old Second Bancorp
OSBC
$1.28B
$6.11M 2.02%
420,732
-29,968
-7% -$420K
FRST icon
22
Primis Financial Corp
FRST
$397M
$5.7M 1.89%
407,634
-42,166
-9% -$623K
AMTB icon
23
Amerant Bancorp
AMTB
$1.13B
$5.53M 1.83%
175,000
-15,000
-8% -$497K
FLG
24
Flagstar Bank National Association
FLG
$5.58B
$5.36M 1.77%
166,667
-16,333
-9% -$574K
BANC icon
25
Banc of California
BANC
$2.95B
$5.16M 1.71%
266,559
+52,342
+24% +$1.04M
1
2 3

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Mendon Capital Advisors's Q1 2022 Portfolio in Review

As of Q1 2022, Mendon Capital Advisors held 67 positions worth $302M, down 13% from $348M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Mendon Capital Advisors withdrew a net $18.9M in Q1 2022, closing 7 positions and reducing 31 holdings. Its most notable exit was First Horizon, an estimated $6.53M position sold in full.

By sector, the portfolio is most concentrated in Financials at 99% of assets, up from 99% a quarter earlier, followed by Technology.

Against the trend, Mendon Capital Advisors opened a new position in First Interstate BancSystem worth $15.4M.

  • Mendon Capital Advisors's largest Q1 2022 buy was First Interstate BancSystem: 419,051 shares worth $15.4M.
  • Mendon Capital Advisors added most to The First Bancshares, Inc. in Q1 2022, an estimated $3.27M increase.
  • Mendon Capital Advisors's biggest Q1 2022 reduction was Cadence Bank, cutting an estimated $6.7M.
  • Mendon Capital Advisors fully exited First Horizon in Q1 2022, selling an estimated $6.53M.
  • Mendon Capital Advisors's ten largest holdings make up 41% of its $302M portfolio in Q1 2022.
  • Mendon Capital Advisors opened 4 new positions and closed 7 in Q1 2022.
  • Mendon Capital Advisors's portfolio value fell 13% quarter-over-quarter to $302M.

Based on Mendon Capital Advisors's 13F filing for Q1 2022, filed 16 May 2022.