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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
+15.33%
1 Year Est. Return
+40.56%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$155M
AUM Growth
-$25.3M
Cap. Flow
+$23.4M
Cap. Flow %
15.08%
Top 10 Hldgs %
56.18%
Holding
55
New
6
Increased
13
Reduced
16
Closed
15

Top Buys

Rank Stock Value
1
FRST icon
Primis Financial Corp
FRST
+$10.5M
2
AMTB icon
Amerant Bancorp
AMTB
+$9.11M
3
FBMS
The First Bancshares, Inc.
FBMS
+$7.79M
4
BCAL icon
Southern California Bancorp
BCAL
+$5.97M
5
VBNK
VersaBank
VBNK
+$5.48M

Top Sells

Rank Stock Value
1
CALB
California BanCorp Common Stock
CALB
+$5.73M
2
BY icon
Byline Bancorp
BY
+$3.67M
3
FBK icon
FB Financial Corp
FBK
+$3.66M
4
NTB icon
Bank of N.T. Butterfield & Son
NTB
+$3.51M
5
BANC icon
Banc of California
BANC
+$2.89M

Sector Composition

Rank Sector Weight
1 Financials 99.32%
2 Technology 0.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQBK icon
1
Equity Bancshares
EQBK
$1.02B
$13.2M 8.5%
322,090
-27,910
-8% -$1.09M
FRST icon
2
Primis Financial Corp
FRST
$397M
$11.5M 7.43%
945,007
+890,144
+1,622% +$10.5M
USCB icon
3
USCB Financial Holdings
USCB
$414M
$9.59M 6.19%
628,605
+18,469
+3% +$268K
AMTB icon
4
Amerant Bancorp
AMTB
$1.13B
$8.94M 5.77%
418,280
+414,763
+11,793% +$9.11M
FBMS
5
DELISTED
The First Bancshares, Inc.
FBMS
$8.33M 5.37%
259,264
+251,769
+3,359% +$7.79M
BFST icon
6
Business First Bancshares
BFST
$1.02B
$7.96M 5.13%
309,912
-60,088
-16% -$1.43M
VBTX
7
DELISTED
Veritex Holdings
VBTX
$7.9M 5.09%
300,000
-15,000
-5% -$355K
VBNK
8
VersaBank
VBNK
$643M
$7.11M 4.59%
535,742
+451,686
+537% +$5.48M
OBK icon
9
Origin Bancorp
OBK
$1.64B
$6.43M 4.15%
200,000
-5,000
-2% -$163K
BCAL icon
10
Southern California Bancorp
BCAL
$684M
$6.14M 3.96%
415,237
+410,377
+8,444% +$5.97M
FHN icon
11
First Horizon
FHN
$11.7B
$6.08M 3.92%
50,000
-50,000
-50% -$794K
ABX
12
Abacus Global Management
ABX
$952M
$5.57M 3.59%
550,000
+12,765
+2% +$125K
MCHB
13
Mechanics Bancorp
MCHB
$3.52B
$4.73M 3.05%
300,000
-63,000
-17% -$898K
MOFG
14
DELISTED
MidWestOne Financial Group
MOFG
$4.68M 3.02%
+164,145
New +$4.45M
PFS icon
15
Provident Financial Services
PFS
$3.07B
$4.64M 2.99%
250,000
+242,000
+3,025% +$4.28M
BY icon
16
Byline Bancorp
BY
$1.73B
$4.05M 2.62%
151,405
-138,595
-48% -$3.67M
CIVB icon
17
Civista Bancshares
CIVB
$571M
$3.85M 2.49%
216,180
+16,180
+8% +$271K
SSBK
18
DELISTED
Southern States Bancshares
SSBK
$3.69M 2.38%
120,000
-5,000
-4% -$150K
RNST icon
19
Renasant Corp
RNST
$3.76B
$3.25M 2.1%
100,000
+75,000
+300% +$2.49M
SHBI icon
20
Shore Bancshares
SHBI
$772M
$2.67M 1.72%
190,711
+139,387
+272% +$1.87M
FFWM
21
DELISTED
First Foundation Inc
FFWM
$2.57M 1.66%
411,315
-235,376
-36% -$1.51M
COFS icon
22
Choiceone Financial
COFS
$499M
$2.19M 1.41%
+70,928
New +$2.04M
MYFW icon
23
First Western Financial
MYFW
$300M
$2.04M 1.32%
102,166
+30,751
+43% +$560K
STEL
24
DELISTED
Stellar Bancorp
STEL
$1.94M 1.25%
75,000
– –
NIC icon
25
Nicolet Bankshares
NIC
$3.6B
$1.91M 1.23%
20,000
– –
1
2 3

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Mendon Capital Advisors's Q3 2024 Portfolio in Review

As of Q3 2024, Mendon Capital Advisors held 55 positions worth $155M, down 14% from $180M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Mendon Capital Advisors deployed $23.4M of net new capital in Q3 2024, opening 6 new positions and adding to 13 existing holdings. Its largest new stake was MidWestOne Financial Group: 164,145 shares worth $4.68M.

By sector, the portfolio is most concentrated in Financials at 99% of assets, up from 90% a quarter earlier, followed by Technology.

On the sell side, the largest reduction was Byline Bancorp, an estimated $3.67M trimmed.

  • Mendon Capital Advisors's largest Q3 2024 buy was MidWestOne Financial Group: 164,145 shares worth $4.68M.
  • Mendon Capital Advisors added most to Primis Financial Corp in Q3 2024, an estimated $10.5M increase.
  • Mendon Capital Advisors's biggest Q3 2024 reduction was Byline Bancorp, cutting an estimated $3.67M.
  • Mendon Capital Advisors fully exited California BanCorp Common Stock in Q3 2024, selling an estimated $5.73M.
  • Mendon Capital Advisors's ten largest holdings make up 56% of its $155M portfolio in Q3 2024.
  • Mendon Capital Advisors opened 6 new positions and closed 15 in Q3 2024.
  • Mendon Capital Advisors's portfolio value fell 14% quarter-over-quarter to $155M.

Based on Mendon Capital Advisors's 13F filing for Q3 2024, filed 14 Nov 2024.