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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
-0.91%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$180M
AUM Growth
-$6.24M
Cap. Flow
-$20.4M
Cap. Flow %
-11.33%
Top 10 Hldgs %
48.33%
Holding
55
New
6
Increased
12
Reduced
22
Closed
6

Top Buys

Rank Stock Value
1
EQBK icon
Equity Bancshares
EQBK
+$11.3M
2
BFST icon
Business First Bancshares
BFST
+$7.2M
3
USCB icon
USCB Financial Holdings
USCB
+$6.1M
4
ABX
Abacus Global Management
ABX
+$6.03M
5
FFWM
First Foundation Inc
FFWM
+$2.34M

Top Sells

Rank Stock Value
1
FRST icon
Primis Financial Corp
FRST
+$8.95M
2
FBMS
The First Bancshares, Inc.
FBMS
+$8.07M
3
CADE
Cadence Bank
CADE
+$5.07M
4
CALB
California BanCorp Common Stock
CALB
+$4.72M
5
AMTB icon
Amerant Bancorp
AMTB
+$4.33M

Sector Composition

Rank Sector Weight
1 Financials 89.58%
2 Miscellaneous 10.42%
3 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQBK icon
1
Equity Bancshares
EQBK
$1.02B
$13.9M 7.68%
350,000
+336,742
+2,540% +$11.3M
FRST icon
2
Primis Financial Corp
FRST
$397M
$10.5M 5.83%
54,863
-854,791
-94% -$8.95M
USCB icon
3
USCB Financial Holdings
USCB
$414M
$9.63M 5.34%
610,136
+524,398
+612% +$6.1M
BFST icon
4
Business First Bancshares
BFST
$1.02B
$9.04M 5.01%
370,000
+345,000
+1,380% +$7.2M
FBMS
5
DELISTED
The First Bancshares, Inc.
FBMS
$8.64M 4.79%
7,495
-327,505
-98% -$8.07M
SPY icon
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$8.16M 4.53%
+15,000
New +$7.85M
VBNK
7
VersaBank
VBNK
$643M
$7.28M 4.04%
84,056
+4,817
+6% +$48.6K
BY icon
8
Byline Bancorp
BY
$1.73B
$6.88M 3.82%
290,000
-60,000
-17% -$1.33M
VBTX
9
DELISTED
Veritex Holdings
VBTX
$6.64M 3.68%
315,000
-10,000
-3% -$202K
OBK icon
10
Origin Bancorp
OBK
$1.64B
$6.5M 3.61%
205,000
-10,000
-5% -$306K
FHN icon
11
First Horizon
FHN
$11.7B
$5.99M 3.32%
100,000
-275,000
-73% -$4.16M
CALB
12
DELISTED
California BanCorp Common Stock
CALB
$5.73M 3.18%
9,997
-218,730
-96% -$4.72M
ABX
13
Abacus Global Management
ABX
$952M
$4.97M 2.76%
+537,235
New +$6.03M
FFWM
14
DELISTED
First Foundation Inc
FFWM
$4.81M 2.67%
646,691
+381,946
+144% +$2.34M
AMTB icon
15
Amerant Bancorp
AMTB
$1.13B
$4.62M 2.56%
3,517
-196,483
-98% -$4.33M
PFS icon
16
Provident Financial Services
PFS
$3.07B
$4.61M 2.56%
8,000
-292,000
-97% -$4.24M
MCHB
17
Mechanics Bancorp
MCHB
$3.52B
$4.14M 2.29%
363,000
+63,000
+21% +$691K
XLF icon
18
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
$4.11M 2.28%
100,000
– –
IWM icon
19
PUT
iShares Russell 2000 ETF
IWM
$80.8B
$4.06M 2.25%
20,000
-5,000
-20% -$1.01M
FBK icon
20
FB Financial Corp
FBK
$2.89B
$3.66M 2.03%
50,000
– –
NTB icon
21
Bank of N.T. Butterfield & Son
NTB
$2.33B
$3.51M 1.95%
100,000
-104,022
-51% -$3.48M
FSBC icon
22
Five Star Bancorp
FSBC
$1.12B
$3.48M 1.93%
50,000
+38,116
+321% +$855K
SSBK
23
DELISTED
Southern States Bancshares
SSBK
$3.39M 1.88%
125,000
– –
CIVB icon
24
Civista Bancshares
CIVB
$571M
$3.1M 1.72%
200,000
– –
BANC icon
25
Banc of California
BANC
$2.95B
$2.89M 1.61%
+7,953
New +$110K
1
2 3

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Mendon Capital Advisors's Q2 2024 Portfolio in Review

As of Q2 2024, Mendon Capital Advisors held 55 positions worth $180M, down 3.3% from $187M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Mendon Capital Advisors withdrew a net $20.4M in Q2 2024, closing 6 positions and reducing 22 holdings. Its most notable exit was Cadence Bank, an estimated $5.07M position sold in full.

By sector, the portfolio is most concentrated in Financials at 90% of assets, down from 94% a quarter earlier, followed by Miscellaneous and Real Estate.

Against the trend, Mendon Capital Advisors opened a new position in Abacus Global Management worth $4.97M.

  • Mendon Capital Advisors's largest Q2 2024 buy was Abacus Global Management: 537,235 shares worth $4.97M.
  • Mendon Capital Advisors added most to Equity Bancshares in Q2 2024, an estimated $11.3M increase.
  • Mendon Capital Advisors's biggest Q2 2024 reduction was Primis Financial Corp, cutting an estimated $8.95M.
  • Mendon Capital Advisors fully exited Cadence Bank in Q2 2024, selling an estimated $5.07M.
  • Mendon Capital Advisors's ten largest holdings make up 48% of its $180M portfolio in Q2 2024.
  • Mendon Capital Advisors opened 6 new positions and closed 6 in Q2 2024.
  • Mendon Capital Advisors's portfolio value fell 3.3% quarter-over-quarter to $180M.

Based on Mendon Capital Advisors's 13F filing for Q2 2024, filed 30 Aug 2024.