MENDON CAPITAL ADVISORS CORP
Long book
$258.0M
Q1 2026
Positions
53
Top-10 weight
47%
concentration
Last quarter
+20.5%
SPY +14.8%
Turnover
25%
of book per quarter
Strategy in plain words
auto-generated from filingsMENDON CAPITAL ADVISORS CORP is a concentrated fundamental stock-picker, specialised in financials (99% of the long book), running a $258.0M US long book across 53 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: EQUITY BANCSHARES INC - CL A, PRIMIS FINANCIAL CORP, ABACUS GLOBAL MANAGEMENT INC, VERSABANK, NICOLET BANKSHARES INC.
Over the last 9 quarters its long book ran on average 1.5pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+16.3%
Q3 2024
+5.6%
Q4 2024
-7.7%
Q1 2025
+2.0%
Q2 2025
+4.1%
Q3 2025
+11.3%
Q4 2025
+0.6%
Q1 2026
+20.5%
Sector allocation
Financials 97%
Other 2%
Utilities 1%
Consumer discretionary 0%
Technology 0%
Long book by quarter
What does MENDON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EQBK EQUITY BANCSHARES INC - CL A | Financials | 382.1K | $17.0M | 6.6% | -0.8% |
| FRST PRIMIS FINANCIAL CORP | Financials | 1.2M | $16.3M | 6.3% | +0.6% |
| ABX ABACUS GLOBAL MANAGEMENT INC | Financials | 1.9M | $15.4M | 6.0% | -3.1% |
| VBNK VERSABANK | Financials | 945.2K | $13.4M | 5.2% | -10.6% |
| NIC NICOLET BANKSHARES INC | Financials | 75.0K | $11.1M | 4.3% | +274.9% |
| RNST RENASANT CORP | Financials | 307.5K | $11.1M | 4.3% | +13.9% |
| USCB USCB FINANCIAL HOLDINGS INC | Financials | 574.1K | $10.6M | 4.1% | +17.9% |
| FHN FIRST HORIZON CORP | Financials | 428.6K | $9.8M | 3.8% | -7.8% |
| OBK ORIGIN BANCORP INC | Financials | 200.0K | $8.3M | 3.2% | Held |
| CBK COMMERCIAL BANCGROUP INC | Financials | 315.6K | $8.2M | 3.2% | -15.8% |
| COSO COASTAL SOUTH BANCSHARES INC | Financials | 329.7K | $8.1M | 3.1% | +24.1% |
| BCAL CALIFORNIA BANCORP | Financials | 404.4K | $7.2M | 2.8% | +58.7% |
| CIVB CIVISTA BANCSHARES INC | Financials | 311.7K | $7.1M | 2.8% | +38.3% |
| BFST BUSINESS FIRST BANCSHARES | Financials | 250.0K | $6.8M | 2.6% | Held |
| AVBH AVIDBANK HOLDINGS INC | Financials | 219.7K | $6.3M | 2.4% | -6.3% |
| MYFW FIRST WESTERN FINANCIAL INC | Financials | 253.3K | $6.2M | 2.4% | Held |
| AMTB AMERANT BANCORP INC | Financials | 273.3K | $6.0M | 2.3% | -16.3% |
| BBT BEACON FINANCIAL CORP | Financials | 199.7K | $6.0M | 2.3% | +87.7% |
| FBK FB FINANCIAL CORP | Financials | 115.0K | $6.0M | 2.3% | -4.2% |
| SFNC SIMMONS FIRST NATL CORP-CL A | Financials | 275.0K | $5.3M | 2.1% | +10.0% |
| NPB NORTHPOINTE BANCSHARES INC | Financials | 308.6K | $5.3M | 2.1% | +86.4% |
| MCHB MECHANICS BANCORP-A | Financials | 347.6K | $5.1M | 2.0% | -52.2% |
| FSUN FIRSTSUN CAPITAL BANCORP | Financials | 136.3K | $5.0M | 1.9% | -3.0% |
| BANC BANC OF CALIFORNIA INC | Financials | 275.0K | $4.8M | 1.9% | +10.0% |
| CCB COASTAL FINANCIAL CORP/WA | Financials | 56.0K | $4.3M | 1.7% | +86.7% |
| FFWM FIRST FOUNDATION INC | — | 719.3K | $4.2M | 1.6% | +79.8% |
| BY BYLINE BANCORP INC | Financials | 125.0K | $3.9M | 1.5% | Held |
| FRME FIRST MERCHANTS CORP | Financials | 97.5K | $3.8M | 1.5% | +2.6% |
| AUB ATLANTIC UNION BANKSHARES CO | Financials | 100.0K | $3.6M | 1.4% | Held |
| FISI FINANCIAL INSTITUTIONS INC | Financials | 100.0K | $3.2M | 1.2% | Held |
| SHBI SHORE BANCSHARES INC | Financials | 155.3K | $2.9M | 1.1% | Held |
| CARE CARTER BANKSHARES INC | Financials | 104.7K | $2.4M | 0.9% | -10.8% |
| PFS PROVIDENT FINANCIAL SERVICES | Financials | 115.0K | $2.4M | 0.9% | Held |
| CBC CENTRAL BANCOMPANY | Financials | 100.0K | $2.4M | 0.9% | -50.1% |
| BWB BRIDGEWATER BANCSHARES INC | Financials | 120.0K | $2.1M | 0.8% | Held |
| OSBC OLD SECOND BANCORP INC | Financials | 100.0K | $2.0M | 0.8% | Held |
| HTB HOMETRUST BANCSHARES INC | Financials | 46.8K | $2.0M | 0.8% | Held |
| IDA IDACORP INC | Utilities | 77.6K | $2.0M | 0.8% | New |
| ABCB AMERIS BANCORP | Financials | 25.5K | $2.0M | 0.8% | Held |
| FAF FIRST AMERICAN FINANCIAL | Financials | 1.2M | $1.2M | 0.5% | New |
| MNSB MAINSTREET BANCSHARES INC | Financials | 47.3K | $1.1M | 0.4% | Held |
| ISTR INVESTAR HOLDING CORP | Financials | 38.0K | $1.0M | 0.4% | Held |
| INDB INDEPENDENT BANK CORP/MA | Financials | 10.0K | $752K | 0.3% | New |
| NBTB N B T BANCORP INC | Financials | 15.0K | $639K | 0.2% | Held |
| NBHC NATIONAL BANK HOLD-CL A | Financials | 15.1K | $589K | 0.2% | New |
| EBC EASTERN BANKSHARES INC | Financials | 30.0K | $587K | 0.2% | New |
| CWBC COMMUNITY WEST BANCSHARES | Financials | 24.8K | $578K | 0.2% | New |
| MRBK MERIDIAN CORP | Financials | 26.7K | $507K | 0.2% | Held |
| OCFC OCEANFIRST FINANCIAL CORP | Financials | 20.0K | $361K | 0.1% | New |
| SFST SOUTHERN FIRST BANCSHARES | Financials | 5.6K | $304K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 100 | $258.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 65 | $337.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 68 | $260.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 50 | $206.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 21, 2025 | 53 | $216.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 44 | $203.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 40 | $155.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 30, 2024 | 49 | $180.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 49 | $186.6M | canonical | SEC ↗ |