# Clover Partners, L.P.

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1309342. Source: https://holderbook.com/funds/1309342-clover-partners-l-p/

- Reported value: $43.1M
- Positions: 27
- Weight of the ten largest: 54.8%
- Filed: 2019-11-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BANCORP NEW JERSEY INC NEW | [BKJ](https://holderbook.com/stocks/BKJ/) | $3.8M | 224,050 | 8.8% | 4 |
| MALVERN BANCORP INC | [MLVF](https://holderbook.com/stocks/MLVF/) | $2.9M | 134,398 | 6.8% | 4 |
| RANDOLPH BANCORP INC | [RNDB](https://holderbook.com/stocks/RNDB/) | $2.3M | 161,362 | 5.4% | 4 |
| TFS FINL CORP | [TFSL](https://holderbook.com/stocks/TFSL/) | $2.3M | 125,000 | 5.2% | 3 |
| UNITED CMNTY FINL CORP OHIO | [UCFC](https://holderbook.com/stocks/UCFC/) | $2.2M | 207,628 | 5.2% | 4 |
| POPULAR INC | [BPOP](https://holderbook.com/stocks/BPOP/) | $2.1M | 39,500 | 5.0% | 3 |
| FIRST BANCORP CORPORATION | [FBP](https://holderbook.com/stocks/FBP/) | $2.0M | 204,700 | 4.7% | 4 |
| MACKINAC FINL CORP | [MFNC](https://holderbook.com/stocks/MFNC/) | $2.0M | 128,930 | 4.6% | 4 |
| SPIRIT OF TEX BANCSHARES INC | [STXB](https://holderbook.com/stocks/STXB/) | $2.0M | 91,511 | 4.6% | 4 |
| SB ONE BANCORP | [SBBX](https://holderbook.com/stocks/SBBX/) | $1.9M | 85,595 | 4.5% | 4 |
| 1ST CONSTITUTION BANCORP | [FCCY](https://holderbook.com/stocks/FCCY/) | $1.8M | 95,632 | 4.2% | 4 |
| INVESTORS BANCORP INC NEW | [ISBC](https://holderbook.com/stocks/ISBC/) | $1.8M | 156,600 | 4.1% | 2 |
| FIRST UTD CORP | [FUNC](https://holderbook.com/stocks/FUNC/) | $1.8M | 80,136 | 4.1% | 1 |
| MERIDIAN BANCORP INC MD | [EBSB](https://holderbook.com/stocks/EBSB/) | $1.6M | 87,913 | 3.8% | 1 |
| BANKWELL FINL GROUP INC | [BWFG](https://holderbook.com/stocks/BWFG/) | $1.6M | 59,792 | 3.8% | 4 |
| HARBORONE BANCORP INC | [HONEXXXX](https://holderbook.com/stocks/HONEXXXX/) | $1.5M | 153,126 | 3.6% | 3 |
| SIGNATURE BANK | [SBNY](https://holderbook.com/stocks/SBNY/) | $1.5M | 12,913 | 3.6% | 4 |
| SELECT BANCORP INC NEW | [SLCT](https://holderbook.com/stocks/SLCT/) | $1.5M | 132,237 | 3.6% | 4 |
| INDEPENDENT BK CORP MICH | [IBCP](https://holderbook.com/stocks/IBCP/) | $1.1M | 50,883 | 2.5% | 4 |
| SYNOVUS FINL CORP | [SNV](https://holderbook.com/stocks/SNV/) | $908.0K | 25,396 | 2.1% | 4 |
| FLUSHING FINL CORP | [FFIC](https://holderbook.com/stocks/FFIC/) | $904.0K | 44,759 | 2.1% | 1 |
| CONNECTONE BANCORP INC | [CNOB](https://holderbook.com/stocks/CNOB/) | $865.0K | 38,968 | 2.0% | 4 |
| STERLING BANCORP DEL | [STL](https://holderbook.com/stocks/STL/) | $762.0K | 38,000 | 1.8% | 4 |
| BEACON FINANCIAL CORP. | [BBT](https://holderbook.com/stocks/BBT/) | $732.0K | 25,000 | 1.7% | 1 |
| MSB FINL CORP NEW | [MSBF](https://holderbook.com/stocks/MSBF/) | $692.0K | 43,010 | 1.6% | 1 |
| AMERICAN RIVER BANKSHARES | [AMRB](https://holderbook.com/stocks/AMRB/) | $218.0K | 16,000 | 0.5% | 1 |
| PIONEER BANCORP INC MD | [PBFS](https://holderbook.com/stocks/PBFS/) | $96.0K | 7,682 | 0.2% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2019 | +4.7% | +1.3% | +3.4% | 97% |
| Q2 2019 | +4.1% | +3.7% | +0.4% | 100% |
| Q1 2019 | +5.0% | +13.0% | -8.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $43.1M | 27 |
| Q2 2019 | $54.9M | 25 |
| Q1 2019 | $56.4M | 26 |
| Q4 2018 | $57.6M | 25 |