MCA

Mendon Capital Advisors Portfolio holdings

AUM $283M Turnover 26.32%
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
Avg Time Held Equity + Options
2.9 years
Top 10 Avg Time Held Equity + Options
1.5 years
Top 20 Avg Time Held Equity + Options
1.3 years
Avg Time Held Equity only
3.1 years
Top 10 Avg Time Held Equity only
1.7 years
Top 20 Avg Time Held Equity only
1.7 years

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 icon
Abacus Global Management
ABX
+$6.03M
5
FFWM icon
First Foundation Inc
FFWM
+$2.34M

Top Sells

Rank Stock Value
1
FRST icon
Primis Financial Corp
FRST
+$8.95M
2
FBMS icon
The First Bancshares, Inc.
FBMS
+$8.07M
3
CADE icon
Cadence Bank
CADE
+$5.07M
4
CALB icon
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 Held Since
EQBK icon
1
Equity Bancshares
EQBK
$959M
$13.9M 7.68%
350,000
+336,742
+2,540% +$11.3M
2015 Q4
34 quarters
FRST icon
2
Primis Financial Corp
FRST
$378M
$10.5M 5.83%
54,863
-854,791
-94% -$8.95M
2020 Q4
14 quarters
USCB icon
3
USCB Financial Holdings
USCB
$406M
$9.63M 5.34%
610,136
+524,398
+612% +$6.1M
2021 Q3
11 quarters
BFST icon
4
Business First Bancshares
BFST
$1B
$9.04M 5.01%
370,000
+345,000
+1,380% +$7.2M
2019 Q4
18 quarters
FBMS icon
5
DELISTED
The First Bancshares, Inc.
FBMS
$8.64M 4.79%
7,495
-327,505
-98% -$8.07M
2013 Q2
44 quarters
SPY icon
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$8.16M 4.53%
+15,000
New +$7.85M
2024 Q2
0 quarters
VBNK icon
7
VersaBank
VBNK
$709M
$7.28M 4.04%
84,056
+4,817
+6% +$48.6K
2021 Q3
11 quarters
BY icon
8
Byline Bancorp
BY
$1.66B
$6.88M 3.82%
290,000
-60,000
-17% -$1.33M
2017 Q2
28 quarters
VBTX icon
9
DELISTED
Veritex Holdings
VBTX
$6.64M 3.68%
315,000
-10,000
-3% -$202K
2016 Q2
32 quarters
OBK icon
10
Origin Bancorp
OBK
$1.58B
$6.5M 3.61%
205,000
-10,000
-5% -$306K
2018 Q4
22 quarters
FHN icon
11
First Horizon
FHN
$10.7B
$5.99M 3.32%
100,000
-275,000
-73% -$4.16M
2023 Q4
2 quarters
CALB icon
12
DELISTED
California BanCorp Common Stock
CALB
$5.73M 3.18%
9,997
-218,730
-96% -$4.72M
2021 Q1
13 quarters
ABX icon
13
Abacus Global Management
ABX
$756M
$4.97M 2.76%
+537,235
New +$6.03M
2024 Q2
0 quarters
FFWM icon
14
DELISTED
First Foundation Inc
FFWM
$4.81M 2.67%
646,691
+381,946
+144% +$2.34M
2024 Q1
1 quarter
AMTB icon
15
Amerant Bancorp
AMTB
$1.12B
$4.62M 2.56%
3,517
-196,483
-98% -$4.33M
2021 Q4
10 quarters
PFS icon
16
Provident Financial Services
PFS
$2.86B
$4.61M 2.56%
8,000
-292,000
-97% -$4.24M
2023 Q4
2 quarters
MCHB icon
17
Mechanics Bancorp
MCHB
$3.14B
$4.14M 2.29%
363,000
+63,000
+21% +$691K
2024 Q1
1 quarter
XLF icon
18
PUT
State Street Financial Select Sector SPDR ETF
XLF
$50.7B
$4.11M 2.28%
100,000
– –
2023 Q4
2 quarters
IWM icon
19
PUT
iShares Russell 2000 ETF
IWM
$76.4B
$4.06M 2.25%
20,000
-5,000
-20% -$1.01M
2023 Q4
2 quarters
FBK icon
20
FB Financial Corp
FBK
$2.49B
$3.66M 2.03%
50,000
– –
2016 Q3
31 quarters
NTB icon
21
Bank of N.T. Butterfield & Son
NTB
$2.28B
$3.51M 1.95%
100,000
-104,022
-51% -$3.48M
2020 Q4
14 quarters
FSBC icon
22
Five Star Bancorp
FSBC
$1.04B
$3.48M 1.93%
50,000
+38,116
+321% +$855K
2024 Q1
1 quarter
SSBK icon
23
DELISTED
Southern States Bancshares
SSBK
$3.39M 1.88%
125,000
– –
2021 Q3
11 quarters
CIVB icon
24
Civista Bancshares
CIVB
$550M
$3.1M 1.72%
200,000
– –
2020 Q2
16 quarters
BANC icon
25
Banc of California
BANC
$2.69B
$2.89M 1.61%
+7,953
New +$110K
2024 Q2
0 quarters
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.