Mendon Capital Advisors Corp 13F annual report
Mendon Capital Advisors Corp is an investment fund managing more than $162 billion ran by Anton Schutz. There are currently 45 companies in Mr. Schutz’s portfolio. The largest investments include Equity Bancshares Inc and Primis Financial Corp, together worth $24.4 billion.
$162 billion Assets Under Management (AUM)
As of 23rd August 2024, Mendon Capital Advisors Corp’s top holding is 350,000 shares of Equity Bancshares Inc currently worth over $13.9 billion and making up 8.6% of the portfolio value.
Relative to the number of outstanding shares of Equity Bancshares Inc, Mendon Capital Advisors Corp owns more than approximately 0.1% of the company.
In addition, the fund holds 54,863 shares of Primis Financial Corp worth $10.5 billion.
The third-largest holding is Uscb Financial Holdings Inc worth $9.63 billion and the next is Business First Bancshares In worth $9.04 billion, with 370,000 shares owned.
Currently, Mendon Capital Advisors Corp's portfolio is worth at least $162 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Mendon Capital Advisors Corp
The Mendon Capital Advisors Corp office and employees reside in Rochester, New York. According to the last 13-F report filed with the SEC, Anton Schutz serves as the President at Mendon Capital Advisors Corp.
Recent trades
In the most recent 13F filing, Mendon Capital Advisors Corp revealed that it had opened a new position in
Abacus Life Inc and bought 537,235 shares worth $4.97 billion.
The investment fund also strengthened its position in First Westn Finl Inc by buying
14,352 additional shares.
This makes their stake in First Westn Finl Inc total 71,415 shares worth $1.98 billion.
On the other hand, there are companies that Mendon Capital Advisors Corp is getting rid of from its portfolio.
Mendon Capital Advisors Corp closed its position in New York Cmnty Bancorp Inc on 30th August 2024.
It sold the previously owned 750,000 shares for $7.67 billion.
Anton Schutz also disclosed a decreased stake in Equity Bancshares Inc by 0.2%.
This leaves the value of the investment at $13.9 billion and 350,000 shares.
One of the smallest hedge funds
The two most similar investment funds to Mendon Capital Advisors Corp are H&h Retirement Design & Management Inc and Mn Wealth Advisors. They manage $162 billion and $162 billion respectively.
Anton Schutz investment strategy
Mendon Capital Advisors Corp’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Finance — making up 45.9% of
the total portfolio value.
The fund focuses on investments in the United States as
48.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
2% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.39 billion.
The complete list of Mendon Capital Advisors Corp trades based on 13F SEC filings
These positions were updated on August 30th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Equity Bancshares Inc |
19.24%
350,000
|
$13,857,290,000 | 8.58% |
| Primis Financial Corp |
94.74%
54,863
|
$10,515,527,000 | 6.51% |
| Uscb Financial Holdings Inc |
27.48%
610,136
|
$9,631,699,000 | 5.96% |
| Business First Bancshares In |
16.84%
370,000
|
$9,037,080,000 | 5.59% |
| First Bancshares Inc Ms |
98.27%
7,495
|
$8,638,220,000 | 5.35% |
| New York Cmnty Bancorp Inc |
Closed
750,000
|
$7,672,500,000 | |
| Versabank New |
89.93%
84,056
|
$7,282,852,000 | 4.51% |
| Byline Bancorp Inc |
17.14%
290,000
|
$6,884,600,000 | 4.26% |
| Veritex Holdings Inc |
10.00%
315,000
|
$6,643,350,000 | 4.11% |
| Origin Bancorp Inc |
4.65%
205,000
|
$6,502,600,000 | 4.03% |
| First Horizon Corporation |
75.00%
100,000
|
$5,992,800,000 | 3.71% |
| Agnc Invt Corp |
Closed
600,000
|
$5,886,000,000 | |
| California BanCorp |
57.51%
9,997
|
$5,730,460,000 | 3.55% |
| Abacus Life Inc |
Opened
537,235
|
$4,973,750,000 | 3.08% |
| Wells Fargo Co New |
Closed
100,000
|
$4,922,000,000 | |
| First Fndtn Inc |
Opened
646,691
|
$4,807,916,000 | 2.98% |
| Amerant Bancorp Inc. |
97.57%
3,517
|
$4,620,267,000 | 2.86% |
| Provident Finl Svcs Inc |
97.54%
8,000
|
$4,608,388,000 | 2.85% |
| HomeStreet Inc |
Opened
363,000
|
$4,138,200,000 | 2.56% |
| Annaly Capital Management In |
Closed
200,000
|
$3,874,000,000 | |
| Fb Finl Corp |
66.67%
50,000
|
$3,658,000,000 | 2.26% |
| Bank Of Nt Butterfield&son L |
55.56%
100,000
|
$3,512,000,000 | 2.17% |
| Five Star Bancorp |
Opened
50,000
|
$3,479,344,000 | 2.15% |
| Southern Sts Bancshares Inc |
10.71%
125,000
|
$3,392,500,000 | 2.10% |
| Civista Bancshares Inc |
No change
200,000
|
$3,098,000,000 | 1.92% |
| Cadence Bank |
Closed
100,000
|
$2,959,000,000 | |
| Banc of California Inc |
94.57%
7,953
|
$2,894,487,000 | 1.79% |
| Bank America Corp |
Closed
75,000
|
$2,525,250,000 | |
| Shore Bancshares Inc. |
81.49%
51,324
|
$2,510,367,000 | 1.55% |
| Lakeland Bancorp, Inc. |
Closed
164,372
|
$2,431,061,000 | |
| Old Second Bancorp Inc Ill |
25.00%
150,000
|
$2,221,500,000 | 1.38% |
| Ameris Bancorp |
72.22%
25,000
|
$2,168,875,000 | 1.34% |
| First Westn Finl Inc |
25.15%
71,415
|
$1,979,038,000 | 1.23% |
| Coastal Finl Corp Wa |
66.67%
40,000
|
$1,845,600,000 | 1.14% |
| Stellar Bancorp Inc |
40.00%
75,000
|
$1,722,000,000 | 1.07% |
| Live Oak Bancshares Inc |
70.00%
30,000
|
$1,703,500,000 | 1.05% |
| NBT Bancorp. Inc. |
Closed
40,000
|
$1,676,400,000 | |
| Nicolet Bankshares Inc. |
20.00%
20,000
|
$1,660,800,000 | 1.03% |
| SmartFinancial Inc |
12.38%
66,990
|
$1,585,653,000 | 0.98% |
| Southern Calif Bancorp |
77.50%
4,860
|
$1,307,708,000 | 0.81% |
| Colony Bankcorp, Inc. |
28.57%
100,000
|
$1,225,000,000 | 0.76% |
| Oceanfirst Finl Corp |
No change
75,000
|
$1,191,750,000 | 0.74% |
| Valley Natl Bancorp |
Closed
100,000
|
$1,086,000,000 | |
| SouthState Corporation |
Closed
12,500
|
$1,055,625,000 | |
| Linkbancorp Inc |
72.20%
74,024
|
$923,734,000 | 0.57% |
| Triumph Financial Inc |
50.00%
12,500
|
$911,875,000 | 0.56% |
| Atlantic Un Bankshares Corp |
50.00%
25,000
|
$821,250,000 | 0.51% |
| MainStreet Bancshares Inc |
57.27%
18,365
|
$768,861,000 | 0.48% |
| United Cmnty Bks Blairsvle G |
No change
30,000
|
$763,800,000 | 0.47% |
| Renasant Corp. |
50.00%
25,000
|
$763,500,000 | 0.47% |
| Meridian Corp |
37.79%
30,000
|
$511,135,000 | 0.32% |
| Carter Bankshares Inc |
Opened
30,000
|
$453,600,000 | 0.28% |
| Flushing Finl Corp |
56.69%
7,556
|
$231,361,000 | 0.14% |
| Southern First Bancshares Inc |
1.86%
7,842
|
$229,300,000 | 0.14% |
| Bankfinancial Corp |
Closed
15,000
|
$153,900,000 | |
| Riverview Bancorp, Inc. |
58.33%
14,061
|
$135,903,000 | 0.08% |
| No transactions found | |||
| Showing first 500 out of 56 holdings | |||
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