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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
+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
(-14%)
Cap. Flow
+$23.4M
Cap. Flow
% of AUM
15.08%
Top 10 Holdings %
Top 10 Hldgs %
56.18%
Holding
55
New
6
Increased
13
Reduced
16
Closed
15
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
1.4
years
Avg Time Held Equity only
2.9
years
Top 10 Avg Time Held Equity only
1.7
years
Top 20 Avg Time Held Equity only
1.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Primis Financial Corp
FRST
|
+$10.5M |
| 2 |
Amerant Bancorp
AMTB
|
+$9.11M |
| 3 |
The First Bancshares, Inc.
FBMS
|
+$7.79M |
| 4 |
Southern California Bancorp
BCAL
|
+$5.97M |
| 5 |
VersaBank
VBNK
|
+$5.48M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
California BanCorp Common Stock
CALB
|
+$5.73M |
| 2 |
Byline Bancorp
BY
|
+$3.67M |
| 3 |
FB Financial Corp
FBK
|
+$3.66M |
| 4 |
Bank of N.T. Butterfield & Son
NTB
|
+$3.51M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Equity Bancshares
EQBK
$967M
| $13.2M | 8.5% |
322,090
-27,910
| -8% | -$1.09M |
2015 Q4
35 quarters
|
|
|
2
Primis Financial Corp
FRST
$382M
| $11.5M | 7.43% |
945,007
+890,144
| +1,622% | +$10.5M |
2020 Q4
15 quarters
|
|
3
USCB Financial Holdings
USCB
$410M
| $9.59M | 6.19% |
628,605
+18,469
| +3% | +$268K |
2021 Q3
12 quarters
|
|
|
4
Amerant Bancorp
AMTB
$1.14B
| $8.94M | 5.77% |
418,280
+414,763
| +11,793% | +$9.11M |
2021 Q4
11 quarters
|
|
|
5
DELISTED
The First Bancshares, Inc.
FBMS
| $8.33M | 5.37% |
259,264
+251,769
| +3,359% | +$7.79M |
2013 Q2
45 quarters
|
|
6
Business First Bancshares
BFST
$1.01B
| $7.96M | 5.13% |
309,912
-60,088
| -16% | -$1.43M |
2019 Q4
19 quarters
|
|
7
DELISTED
Veritex Holdings
VBTX
| $7.9M | 5.09% |
300,000
-15,000
| -5% | -$355K |
2016 Q2
33 quarters
|
|
|
8
VersaBank
VBNK
$725M
| $7.11M | 4.59% |
535,742
+451,686
| +537% | +$5.48M |
2021 Q3
12 quarters
|
|
9
Origin Bancorp
OBK
$1.59B
| $6.43M | 4.15% |
200,000
-5,000
| -2% | -$163K |
2018 Q4
23 quarters
|
|
|
10
Southern California Bancorp
BCAL
$699M
| $6.14M | 3.96% |
415,237
+410,377
| +8,444% | +$5.97M |
2023 Q4
3 quarters
|
|
11
First Horizon
FHN
$11B
| $6.08M | 3.92% |
50,000
-50,000
| -50% | -$794K |
2023 Q4
3 quarters
|
|
12
Abacus Global Management
ABX
$777M
| $5.57M | 3.59% |
550,000
+12,765
| +2% | +$125K |
2024 Q2
1 quarter
|
|
13
Mechanics Bancorp
MCHB
$3.18B
| $4.73M | 3.05% |
300,000
-63,000
| -17% | -$898K |
2024 Q1
2 quarters
|
|
14
DELISTED
MidWestOne Financial Group
MOFG
| $4.68M | 3.02% |
+164,145
| New | +$4.45M |
2024 Q3
0 quarters
|
|
15
Provident Financial Services
PFS
$2.89B
| $4.64M | 2.99% |
250,000
+242,000
| +3,025% | +$4.28M |
2023 Q4
3 quarters
|
|
|
16
Byline Bancorp
BY
$1.67B
| $4.05M | 2.62% |
151,405
-138,595
| -48% | -$3.67M |
2017 Q2
29 quarters
|
|
17
Civista Bancshares
CIVB
$556M
| $3.85M | 2.49% |
216,180
+16,180
| +8% | +$271K |
2020 Q2
17 quarters
|
|
18
DELISTED
Southern States Bancshares
SSBK
| $3.69M | 2.38% |
120,000
-5,000
| -4% | -$150K |
2021 Q3
12 quarters
|
|
19
Renasant Corp
RNST
$3.61B
| $3.25M | 2.1% |
100,000
+75,000
| +300% | +$2.49M |
2023 Q4
3 quarters
|
|
20
Shore Bancshares
SHBI
$750M
| $2.67M | 1.72% |
190,711
+139,387
| +272% | +$1.87M |
2021 Q4
11 quarters
|
|
21
DELISTED
First Foundation Inc
FFWM
| $2.57M | 1.66% |
411,315
-235,376
| -36% | -$1.51M |
2024 Q1
2 quarters
|
|
22
Choiceone Financial
COFS
$490M
| $2.19M | 1.41% |
+70,928
| New | +$2.04M |
2024 Q3
0 quarters
|
|
23
First Western Financial
MYFW
$285M
| $2.04M | 1.32% |
102,166
+30,751
| +43% | +$560K |
2018 Q3
24 quarters
|
|
24
DELISTED
Stellar Bancorp
STEL
| $1.94M | 1.25% |
75,000
| – | – |
2023 Q4
3 quarters
|
|
25
Nicolet Bankshares
NIC
$3.42B
| $1.91M | 1.23% |
20,000
| – | – |
2021 Q3
12 quarters
|
|
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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.