Analyzing Mendon Capital Advisors Corp Q4 2021 vs. Q1 2022 13F Holdings: Understanding the Changes

Mendon Capital Advisors Corp Q4 2021 vs. Q1 2022 13F Holdings Comparison: Understanding the Changes

Mendon Capital Advisors Corp recently filed its 13F quarterly report, which provides a snapshot of its holdings as of the end of Q1 2022. This report discloses the fund's equity holdings and any changes in those holdings between Q4 2021 and Q1 2022. In this blog post, we will analyze the changes in the fund's holdings by examining the data provided in the report.

The report includes 61 equity holdings, with a total value of $250 million. The top three holdings are Equity Bancshares Inc (EQBK), First Interstate BancSystem Inc (FIBK), and Live Oak Bancshares Inc (LOB), which together account for 22.8% of the portfolio. The fund has increased its holdings in six companies and decreased its holdings in 54 companies, with two companies being new holdings in Q1 2022.

One of the largest decreases in holdings was in Live Oak Bancshares Inc (LOB), with a decrease of 46.2% in the number of shares held by the fund. The value of the shares held by the fund also decreased by 46.2%, from $28,369,000 to $15,267,000. This significant decrease could be due to a change in investment strategy or a shift in market conditions.

Another significant change in holdings was in Signature Bank (SBNY), with an increase of 36.1% in the number of shares held by the fund. The value of the shares held by the fund also increased by 36.1%, from $6,469,000 to $8,805,000. This increase in holdings could be due to the fund's positive outlook for the company, which recently reported strong financial results.

Similarly, USCB Financial Holdings Inc (USCB) saw a significant increase in holdings, with the fund increasing its holdings by 27.3%. The value of the shares held by the fund increased by 27.3%, from $6,345,000 to $8,076,000. This increase could be due to the company's strong financial performance in Q1 2022.

On the other hand, Origin Bancorp Inc (OBNK) and Mannin and Napier Inc (MN) saw only a slight increase or decrease in holdings, with increases of 0.5% and 9.6% respectively. The value of the shares held by the fund also increased or decreased by similar amounts. These small changes in holdings could be attributed to the small fluctuations in the stock prices of these companies.

The fund also made some interesting new investments in Q1 2022. United Community Banks (UCBI) was a new holding, with the fund acquiring 100,000 shares worth $3,480,000. This indicates the fund's positive outlook for the company's future growth potential. First Citizens BancShares Inc (FCNCA) also saw a new holding of 5,000 shares worth $3,328,000.

Overall, the data from the report indicates that the fund has increased its holdings in some companies while decreasing its holdings in others. This could be due to changes in the market, the fund's investment strategy, or factors specific to the companies. The report demonstrates the importance of regularly analyzing and adjusting investment portfolios to ensure long-term success.