SEC 13F Intelligence

Managers / Q4 2023 · view latest →

MENDON CAPITAL ADVISORS CORP

CIK 0001177043 · OCEAN REEF PLAZA EXECUTIVE CENTER, 31 OCEAN REEF DRIVE,SUITE C101 #249, KEY LARGO, FL, 33037 · 5857701770

Reported Value
$241M
Q4 2023
Positions
56
Filings on Record
24
2019–present window
Filed
Feb 23, 2024
original filing

Summary

Mendon Capital Advisors Corp reported $241M in U.S.-listed holdings across 56 positions for Q4 2023.

Its largest position, EQBK, represents 6.1% of the portfolio.

Compared with Q1 2022, the fund opened 21 new positions and exited 25.

Portfolio Metrics

Turnover
+36.8%
vs prior filed quarter
Top-10 Concentration
+42.6%
share of reported value
Largest Position
+6.1%
Equity Bancshares
New / Exited
21 / 25
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $851MQ4 ’18Q1 ’19: $823MQ2 ’19: $638MQ3 ’19: $593MQ3 ’19Q4 ’19: $582MQ1 ’20: $204MQ2 ’20: $196MQ2 ’20Q3 ’20: $171MQ4 ’20: $213MQ1 ’21: $272MQ1 ’21Q2 ’21: $277MQ3 ’21: $293MQ4 ’21: $348MQ4 ’21Q1 ’22: $302MQ4 ’23: $241MQ1 ’24: $187MQ1 ’24Q2 ’24: $180MQ3 ’24: $155MQ4 ’24: $203MQ4 ’24Q1 ’25: $216MQ2 ’25: $206MQ3 ’25: $261MQ3 ’25Q4 ’25: $338MQ1 ’26: $258Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 80.9%ETP: 11.8%REIT: 4.0%Other: 3.2%
  • Common Stock · 80.9% · $195M
  • ETP · 11.8% · $28M
  • REIT · 4.0% · $10M
  • Other · 3.2% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+50.0K50.0K+$10M$10M
XLFSELECT SECTOR SPDR TRNEW+200.0K200.0K+$8M$8M
AGNCAGNC INVT CORPNEW+600.0K600.0K+$6M$6M
PQ3PROVIDENT FINL SVCS INCNEW+325.7K325.7K+$6M$6M
FT2FIRST HORIZON CORPORATIONNEW+400.0K400.0K+$6M$6M
SPDR S&P 500 ETF TRNEW+10.0K10.0K+$5M$5M
NLYANNALY CAPITAL MANAGEMENT INNEW+200.0K200.0K+$4M$4M
C9N0STELLAR BANCORP INCNEW+125.0K125.0K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EQBKEQUITY BANCSHARES INChistory →COM CL A6.10%$15M433.4K
2FRSTPRIMIS FINANCIAL CORPhistory →COM5.48%$13M1.04M
3FBMSUSDFIRST BANCSHARES INC MShistory →COM5.26%$13M432.3K
4BFSTBUSINESS FIRST BANCSHARES INhistory →COM4.55%$11M444.9K
5USCBUSCB FINANCIAL HOLDINGS INChistory →CLASS A COM4.28%$10M841.3K
6VBNKVERSABANK NEWhistory →COM3.79%$9M834.4K
7BYBYLINE BANCORP INChistory →COM3.42%$8M350.0K
8VBTXVERITEX HLDGS INChistory →COM3.38%$8M350.0K
9NYCBEURNEW YORK CMNTY BANCORP INChistory →COM3.18%$8M750.0K
10OBKORIGIN BANCORP INChistory →COM3.17%$8M215.0K
11BANK OF NT BUTTERFIELD&SON LSHS NEW2.99%$7M225.0K
12FBKFB FINL CORPhistory →COM2.48%$6M150.0K
13AGNCAGNC INVT CORPhistory →COM2.44%$6M600.0K
14PQ3PROVIDENT FINL SVCS INChistory →COM2.44%$6M325.7K
15FT2FIRST HORIZON CORPORATIONhistory →COM2.35%$6M400.0K
16CCBCOASTAL FINL CORP WAhistory →COM NEW2.21%$5M120.0K
17WFCWELLS FARGO CO NEWhistory →COM2.04%$5M100.0K
18ABCBAMERIS BANCORPhistory →COM1.98%$5M90.0K
19LOBLIVE OAK BANCSHARES INChistory →COM1.89%$5M100.0K
20SSBKSOUTHERN STS BANCSHARES INChistory →COM1.70%$4M140.0K
21SHBISHORE BANCSHARES INChistory →COM1.64%$4M277.3K
22NLYANNALY CAPITAL MANAGEMENT INhistory →COM NEW1.61%$4M200.0K
23CIVBCIVISTA BANCSHARES INChistory →COM NO PAR1.53%$4M200.0K
24AMTBAMERANT BANCORP INChistory →CL A1.48%$4M145.0K
25C9N0STELLAR BANCORP INChistory →COM1.44%$3M125.0K
26OSBCOLD SECOND BANCORP INC ILLhistory →COM1.28%$3M200.0K
27CADECADENCE BANKhistory →COM1.23%$3M100.0K
28BACBANK AMERICA CORPhistory →COM1.05%$3M75.0K
29LBAIUSDLAKELAND BANCORP INChistory →COM1.01%$2M164.4K
30LNKBLINKBANCORP INCCOM0.88%$2M266.3K
31NICNICOLET BANKSHARES INCCOM0.83%$2M25.0K
32TFINTRIUMPH FINANCIAL INCCOM0.83%$2M25.0K
33BANCBANC OF CALIFORNIA INCCOM0.82%$2M146.5K
34SMBKSMARTFINANCIAL INCCOM NEW0.78%$2M76.5K
35CBANCOLONY BANKCORP INCCOM0.77%$2M140.0K
36AUBATLANTIC UN BANKSHARES CORPCOM0.76%$2M50.0K
37RNSTRENASANT CORPCOM0.70%$2M50.0K
38NBTBNBT BANCORP INCCOM0.70%$2M40.0K
39OCFCOCEANFIRST FINL CORPCOM0.54%$1M75.0K
40MYFWFIRST WESTN FINL INCCOM0.47%$1M57.1K
41VLYVALLEY NATL BANCORPCOM0.45%$1M100.0K
42MNSBMAINSTREET BANCSHARES INCCOM0.44%$1M43.0K
43SSBUSDSOUTHSTATE CORPORATIONCOM0.44%$1M12.5K
44UCBUNITED CMNTY BKS BLAIRSVLE GCOM0.36%$877,80030.0K
45MRBKMERIDIAN CORPORATIONCOM0.28%$670,28548.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$258M100May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$338M65Feb 18, 202613F-HRchanges · EDGAR ↗
Q3 2025$261M68Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$206M50Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$216M53May 21, 202513F-HRchanges · EDGAR ↗
Q4 2024$203M44Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$155M40Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$180M49Aug 30, 202413F-HRchanges · EDGAR ↗
Q1 2024$187M49May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$241M56Feb 23, 202413F-HRchanges · EDGAR ↗
Q1 2022$302M60May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$348M63Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$293M63Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$277M62Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$272M55May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$213M72Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$171M69Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$196M71Aug 5, 202013F-HRchanges · EDGAR ↗
Q1 2020$204M69May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$582M80Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$593M90Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$638M86Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$823M103May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$851M110Feb 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.