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Clover Partners Portfolio holdings

AUM $43.1M Turnover 37.5%
1-Year Est. Return 4.09%
This Fund
S&P 500
This Quarter Est. Return
+1.72%
1 Year Est. Return
-4.09%
3 Year Est. Return
+32.18%
5 Year Est. Return
+79.09%
10 Year Est. Return
–
AUM
$43.1M
AUM Growth
-$11.8M
Cap. Flow
-$12.4M
Cap. Flow %
-28.67%
Top 10 Hldgs %
54.78%
Holding
32
New
7
Increased
4
Reduced
13
Closed
5
Avg Time Held
1.3 years
Top 10 Avg Time Held
0.5 years
Top 20 Avg Time Held
1.1 years

Top Buys

Rank Stock Value
1
FUNC icon
First United
FUNC
+$1.69M
2
EBSB
Meridian Bancorp, Inc.
EBSB
+$1.6M
3
FFIC icon
Flushing Financial
FFIC
+$915K
4
FBP icon
First Bancorp
FBP
+$872K
5
BBT icon
Beacon Financial Corp
BBT
+$761K

Top Sells

Rank Stock Value
1
BKJ
Bancorp of New Jersey, Inc.
BKJ
+$3.46M
2
UBNK
United Financial Bancorp, Inc.
UBNK
+$2.27M
3
TCF
TCF Financial Corporation
TCF
+$2.02M
4
OCFC icon
OceanFirst Financial
OCFC
+$1.76M
5
CNOB icon
Center Bancorp
CNOB
+$1.74M

Sector Composition

Rank Sector Weight
1 Financials 100%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AMRB
26
DELISTED
American River Bankshares
AMRB
$218K 0.51%
+16,000
New +$209K
2019 Q3
0 quarters
PBFS icon
27
Pioneer Bancorp
PBFS
$427M
$96K 0.22%
+7,682
New +$108K
2019 Q3
0 quarters
CFG icon
28
Citizens Financial Group
CFG
$26.4B
– –
-22,988
Closed -$813K –
OCFC icon
29
OceanFirst Financial
OCFC
$1.51B
– –
-70,767
Closed -$1.76M –
ZION icon
30
Zions Bancorporation
ZION
$9.22B
– –
-25,000
Closed -$1.15M –
UBNK
31
DELISTED
United Financial Bancorp, Inc.
UBNK
– –
-160,000
Closed -$2.27M –
TCF
32
DELISTED
TCF Financial Corporation
TCF
– –
-97,000
Closed -$2.02M –
1
2

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Clover Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Clover Partners held 32 positions worth $43.1M, down 22% from $54.9M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Clover Partners withdrew a net $12.4M in Q3 2019, closing 5 positions and reducing 13 holdings. Its most notable exit was United Financial Bancorp, Inc., an estimated $2.27M position sold in full.

By sector, the portfolio is most concentrated in Financials at 100% of assets, unchanged from a quarter earlier.

Against the trend, Clover Partners opened a new position in First United worth $1.76M.

  • Clover Partners's largest Q3 2019 buy was First United: 80,136 shares worth $1.76M.
  • Clover Partners added most to First Bancorp in Q3 2019, an estimated $872K increase.
  • Clover Partners's biggest Q3 2019 reduction was Bancorp of New Jersey, Inc., cutting an estimated $3.46M.
  • Clover Partners fully exited United Financial Bancorp, Inc. in Q3 2019, selling an estimated $2.27M.
  • Clover Partners's ten largest holdings make up 55% of its $43.1M portfolio in Q3 2019.
  • Clover Partners opened 7 new positions and closed 5 in Q3 2019.
  • Clover Partners's portfolio value fell 22% quarter-over-quarter to $43.1M.

Based on Clover Partners's 13F filing for Q3 2019, filed 12 Nov 2019.