Clover Partners, L.P. 13F annual report
Clover Partners, L.P. is an investment fund managing more than $43.1 million ran by Mike Shafir. There are currently 27 companies in Mr. Shafir’s portfolio. The largest investments include Bancorp New Jersey Inc New and Malvern, together worth $6.72 million.
$43.1 million Assets Under Management (AUM)
As of 7th October 2020, Clover Partners, L.P.’s top holding is 224,050 shares of Bancorp New Jersey Inc New currently worth over $3.78 million and making up 8.8% of the portfolio value.
In addition, the fund holds 134,398 shares of Malvern worth $2.93 million, whose value grew 7.2% in the past six months.
The third-largest holding is Randolph worth $2.34 million and the next is TFS worth $2.25 million, with 125,000 shares owned.
Currently, Clover Partners, L.P.'s portfolio is worth at least $43.1 million. 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 Clover Partners, L.P.
The Clover Partners, L.P. office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Mike Shafir serves as the Managing Partner at Clover Partners, L.P..
Recent trades
In the most recent 13F filing, Clover Partners, L.P. revealed that it had opened a new position in
First United and bought 80,136 shares worth $1.76 million.
This means they effectively own approximately 0.1% of the company.
First United makes up
7.6%
of the fund's Finance sector allocation and has decreased its share price by 43.8% in the past year.
The investment fund also strengthened its position in First Bancorp P R by buying
85,900 additional shares.
This makes their stake in First Bancorp P R total 204,700 shares worth $2.04 million.
On the other hand, there are companies that Clover Partners, L.P. is getting rid of from its portfolio.
Clover Partners, L.P. closed its position in United Financial Bancorp Inc on 12th November 2019.
It sold the previously owned 160,000 shares for $2.27 million.
Mike Shafir also disclosed a decreased stake in Bancorp New Jersey Inc New by 0.5%.
This leaves the value of the investment at $3.78 million and 224,050 shares.
One of the smallest hedge funds
The two most similar investment funds to Clover Partners, L.P. are Polaris Venture Management Co. Vi, L.L.C and Caspian Capital L.P.. They manage $43.1 million and $43 million respectively.
Mike Shafir investment strategy
Clover Partners, L.P.’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Finance — making up 54.0% of
the total portfolio value.
The fund focuses on investments in the United States as
51.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
15% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $707 million.
The complete list of Clover Partners, L.P. trades based on 13F SEC filings
These positions were updated on November 12th 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 |
|---|---|---|---|
| Bancorp New Jersey Inc New |
50.77%
224,050
|
$3,784,000 | 8.77% |
| Malvern Bancorp, Inc. |
5.22%
134,398
|
$2,934,000 | 6.80% |
| Randolph Bancorp, Inc. |
4.44%
161,362
|
$2,343,000 | 5.43% |
| United Financial Bancorp Inc |
Closed
160,000
|
$2,269,000 | |
| TFS Financial Corp. |
No change
125,000
|
$2,253,000 | 5.22% |
| United Cmnty Finl Corp Ohio |
14.61%
207,628
|
$2,238,000 | 5.19% |
| Popular, Inc. |
No change
39,500
|
$2,136,000 | 4.95% |
| First Bancorp P R |
72.31%
204,700
|
$2,043,000 | 4.74% |
| TCF Financial Corp. |
Closed
97,000
|
$2,017,000 | |
| Mackinac Finl Corp |
1.64%
128,930
|
$1,993,000 | 4.62% |
| Spirit Of Tex Bancshares Inc |
No change
91,511
|
$1,972,000 | 4.57% |
| SB One Bancorp |
12.55%
85,595
|
$1,931,000 | 4.48% |
| 1st Constitution Bancorp |
3.66%
95,632
|
$1,793,000 | 4.16% |
| Investors Bancorp Inc |
30.50%
156,600
|
$1,779,000 | 4.12% |
| First United Corp. |
Opened
80,136
|
$1,763,000 | 4.09% |
| Oceanfirst Finl Corp |
Closed
70,767
|
$1,759,000 | |
| Meridian Bancorp, Inc. |
Opened
87,913
|
$1,648,000 | 3.82% |
| Bankwell Finl Group Inc |
1.32%
59,792
|
$1,644,000 | 3.81% |
| HarborOne Bancorp, Inc. |
79.78%
153,126
|
$1,541,000 | 3.57% |
| Signature Bk New York N Y |
36.74%
12,913
|
$1,539,000 | 3.57% |
| Select Bancorp, Inc. |
25.37%
132,237
|
$1,534,000 | 3.56% |
| Zions Bancorporation |
Closed
25,000
|
$1,150,000 | |
| Independent Bank Corp Mich |
53.85%
50,883
|
$1,085,000 | 2.52% |
| Synovus Financial Corp. |
57.67%
25,396
|
$908,000 | 2.11% |
| Flushing Financial Corp. |
Opened
44,759
|
$904,000 | 2.10% |
| ConnectOne Bancorp, Inc. |
67.34%
38,968
|
$865,000 | 2.01% |
| Citizens Financial Group, Inc. |
Closed
22,988
|
$813,000 | |
| Sterling Bancorp Del |
67.80%
38,000
|
$762,000 | 1.77% |
| Berkshire Hills Bancorp, Inc. |
Opened
25,000
|
$732,000 | 1.70% |
| Msb Financial Corp/md |
Opened
43,010
|
$692,000 | 1.60% |
| American River Bankshrs (ca) |
Opened
16,000
|
$218,000 | 0.51% |
| Pioneer Bancorp Inc/ny |
Opened
7,682
|
$96,000 | 0.22% |
| No transactions found | |||
| Showing first 500 out of 32 holdings | |||
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