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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
-6.32%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$187M
AUM Growth
-$54.5M
Cap. Flow
-$83.3M
Cap. Flow %
-44.64%
Top 10 Hldgs %
49.23%
Holding
60
New
4
Increased
2
Reduced
35
Closed
11

Top Buys

Rank Stock Value
1
CALB
California BanCorp Common Stock
CALB
+$4.82M
2
MCHB
Mechanics Bancorp
MCHB
+$4.12M
3
FFWM
First Foundation Inc
FFWM
+$2.27M
4
AMTB icon
Amerant Bancorp
AMTB
+$1.24M
5
FRME icon
First Merchants
FRME
+$343K

Top Sells

Rank Stock Value
1
EQBK icon
Equity Bancshares
EQBK
+$13.7M
2
BFST icon
Business First Bancshares
BFST
+$9.4M
3
USCB icon
USCB Financial Holdings
USCB
+$8.74M
4
VBNK
VersaBank
VBNK
+$8.37M
5
FLG
Flagstar Bank National Association
FLG
+$7.67M

Sector Composition

Rank Sector Weight
1 Financials 93.87%
2 Miscellaneous 5.08%
3 Real Estate 1.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQBK icon
1
Equity Bancshares
EQBK
$1.04B
$15.2M 8.17%
13,258
-420,148
-97% -$13.7M
FRST icon
2
Primis Financial Corp
FRST
$402M
$12.7M 6.8%
909,654
-132,750
-13% -$1.65M
BFST icon
3
Business First Bancshares
BFST
$1.03B
$9.91M 5.31%
25,000
-419,937
-94% -$9.4M
FBMS
4
DELISTED
The First Bancshares, Inc.
FBMS
$9.79M 5.25%
335,000
-97,341
-23% -$2.5M
USCB icon
5
USCB Financial Holdings
USCB
$429M
$9.58M 5.14%
85,738
-755,601
-90% -$8.74M
BY icon
6
Byline Bancorp
BY
$1.74B
$7.6M 4.07%
350,000
– –
VBNK
7
VersaBank
VBNK
$718M
$7.14M 3.83%
79,239
-755,132
-91% -$8.37M
OBK icon
8
Origin Bancorp
OBK
$1.67B
$6.72M 3.6%
215,000
– –
VBTX
9
DELISTED
Veritex Holdings
VBTX
$6.66M 3.57%
325,000
-25,000
-7% -$517K
NTB icon
10
Bank of N.T. Butterfield & Son
NTB
$2.42B
$6.53M 3.5%
204,022
-20,978
-9% -$638K
FHN icon
11
First Horizon
FHN
$11.7B
$6.03M 3.23%
375,000
-25,000
-6% -$359K
CALB
12
DELISTED
California BanCorp Common Stock
CALB
$5.75M 3.08%
228,727
+205,199
+872% +$4.82M
IWM icon
13
PUT
iShares Russell 2000 ETF
IWM
$80.4B
$5.26M 2.82%
25,000
-25,000
-50% -$4.99M
CADE
14
DELISTED
Cadence Bank
CADE
$5.07M 2.72%
25,000
-75,000
-75% -$2.09M
AMTB icon
15
Amerant Bancorp
AMTB
$1.15B
$4.81M 2.58%
200,000
+55,000
+38% +$1.24M
PFS icon
16
Provident Financial Services
PFS
$3.07B
$4.74M 2.54%
300,000
-25,721
-8% -$409K
MCHB
17
Mechanics Bancorp
MCHB
$3.46B
$4.51M 2.42%
+300,000
New +$4.12M
FSBC icon
18
Five Star Bancorp
FSBC
$1.15B
$4.5M 2.41%
+11,884
New +$285K
XLF icon
19
PUT
State Street Financial Select Sector SPDR ETF
XLF
$54.5B
$4.21M 2.26%
100,000
-100,000
-50% -$3.95M
CCB icon
20
Coastal Financial
CCB
$759M
$3.89M 2.08%
100,000
-20,000
-17% -$791K
FBK icon
21
FB Financial Corp
FBK
$2.83B
$3.6M 1.93%
50,000
-100,000
-67% -$3.68M
SSBK
22
DELISTED
Southern States Bancshares
SSBK
$3.24M 1.74%
125,000
-15,000
-11% -$392K
CIVB icon
23
Civista Bancshares
CIVB
$573M
$3.08M 1.65%
200,000
– –
LOB icon
24
Live Oak Bancshares
LOB
$1.83B
$2.87M 1.54%
39,100
-60,900
-61% -$2.42M
SHBI icon
25
Shore Bancshares
SHBI
$778M
$2.82M 1.51%
175,000
-102,282
-37% -$1.23M
1
2 3

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Mendon Capital Advisors's Q1 2024 Portfolio in Review

As of Q1 2024, Mendon Capital Advisors held 60 positions worth $187M, down 23% from $241M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Mendon Capital Advisors withdrew a net $83.3M in Q1 2024, closing 11 positions and reducing 35 holdings. Its most notable exit was Flagstar Bank National Association, an estimated $7.67M position sold in full.

By sector, the portfolio is most concentrated in Financials at 94% of assets, up from 84% a quarter earlier, followed by Miscellaneous and Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Mechanics Bancorp worth $4.51M.

  • Mendon Capital Advisors's largest Q1 2024 buy was Mechanics Bancorp: 300,000 shares worth $4.51M.
  • Mendon Capital Advisors added most to California BanCorp Common Stock in Q1 2024, an estimated $4.82M increase.
  • Mendon Capital Advisors's biggest Q1 2024 reduction was Equity Bancshares, cutting an estimated $13.7M.
  • Mendon Capital Advisors fully exited Flagstar Bank National Association in Q1 2024, selling an estimated $7.67M.
  • Mendon Capital Advisors's ten largest holdings make up 49% of its $187M portfolio in Q1 2024.
  • Mendon Capital Advisors opened 4 new positions and closed 11 in Q1 2024.
  • Mendon Capital Advisors's portfolio value fell 23% quarter-over-quarter to $187M.

Based on Mendon Capital Advisors's 13F filing for Q1 2024, filed 15 May 2024.