Mendon Capital Advisors portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 11, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Mendon Capital Advisors reported a $283M portfolio of 46 positions to the SEC as of the end of Q2 2026. Its largest positions are ABX, VBNK, EQBK. During the quarter it opened Eagle Bancorp and exited Mechanics Bancorp and Carter Bankshares.
Sections with a free account
What changed this quarter
47 positions with a change (3 new, 11 added to, 23 trimmed, 10 sold); also, 1 entered through an IPO, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedFirst Carolina Financial ServicesFCBM3.3% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Firstsun Capital Bancorp+155%more sharesIncreased1.9% → 4.8%
- Nicolet Bankshares−47%fewer sharesReduced4.3% → 2.3%
- Mechanics Bancorp−1.8 ppof portfolioSold out2.0% → —
- Primis Financial−24%fewer sharesReduced6.3% → 5.4%
- OceanFirst Financial+1,167%more sharesIncreased0.1% → 1.7%
- VersaBank−17%fewer sharesReduced5.2% → 6.4%
- Commercial Bancgroup−32%fewer sharesReduced3.2% → 2.4%
- Eagle Bancorp+1.0 ppof portfolioNew— → 1.0%
- Equity Bancshares−15%fewer sharesReduced6.6% → 5.6%
- California BanCorp \ CA−32%fewer sharesReduced2.8% → 2.0%
- Carter Bankshares−0.9 ppof portfolioSold out0.9% → —
- Central Bancompany−0.8 ppof portfolioSold out0.9% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Abacus Global ManagementABX6.8%
- VersaBankVBNK6.4%
- Equity BancsharesEQBK5.6%
- Primis FinancialFRST5.4%
- Firstsun Capital BancorpFSUN4.8%
- USCB Financial HoldingsUSCB4.3%
- RenasantRNST3.9%
- First HorizonFHN3.7%
- Origin BancorpOBK3.6%
- First Carolina Financial ServicesFCBM3.3%
- Business First BancsharesBFST3.2%
- Amerant BancorpAMTB3.0%
- BANC of CaliforniaBANC2.8%
- Civista BancsharesCIVB2.7%
- Coastalsouth BancsharesCOSO2.5%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Financials 99%
- ● No sector 1%
How its portfolio changed (8 quarters)
Q2 2026: 46
Q2 2026: 48%
Q2 2026: 16.2%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Sep 10, 2026 (high confidence).
The data, as reported: MENDON CAPITAL ADVISORS CORP (CRD 113058): Manages registered funds; 5.D assets by client type: registered funds 92% (of $254M) · 13F: 30% of the portfolio was already held when the stock started trading
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
- Dalal StreetInvestment firm · $327M
- MuhlenkampInvestment firm · $345M
- Matthew 25 ManagementInvestment firm · $345M
- Stonehill Capital ManagementInvestment firm · $350M
- SW Investment ManagementInvestment firm · $352M
- INCA InvestmentsInvestment firm · $353M