Springbank Value Partners L.P. 13F annual report
Springbank Value Partners L.P. is an investment fund managing more than $65.5 million ran by Timothy Curro. There are currently 38 companies in Mr. Curro’s portfolio. The largest investments include MKS Instruments and Global Payments, together worth $10.8 million.
$65.5 million Assets Under Management (AUM)
As of 4th January 2022, Springbank Value Partners L.P.’s top holding is 114,456 shares of MKS Instruments currently worth over $5.69 million and making up 8.7% of the portfolio value.
Relative to the number of outstanding shares of MKS Instruments, Springbank Value Partners L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 65,900 shares of Global Payments worth $5.06 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Wabtec Corp worth $4.76 million and the next is Emcor worth $4.54 million, with 76,070 shares owned.
Currently, Springbank Value Partners L.P.'s portfolio is worth at least $65.5 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 Springbank Value Partners L.P.
The Springbank Value Partners L.P. office and employees reside in Hampton Bays, New York. According to the last 13-F report filed with the SEC, Timothy Curro serves as the Managing Member of the General Partner at Springbank Value Partners L.P..
Recent trades
In the most recent 13F filing, Springbank Value Partners L.P. revealed that it had opened a new position in
Spdr Sp Oil Gas Exp Pr and bought 3,000 shares worth $115 thousand.
The investment fund also strengthened its position in Wabtec Corp by buying
1,000 additional shares.
This makes their stake in Wabtec Corp total 58,300 shares worth $4.76 million.
On the other hand, there are companies that Springbank Value Partners L.P. is getting rid of from its portfolio.
Springbank Value Partners L.P. closed its position in Zebra Technologies on 10th November 2016.
It sold the previously owned 3,500 shares for $175 thousand.
Timothy Curro also disclosed a decreased stake in Global Payments by approximately 0.1%.
This leaves the value of the investment at $5.06 million and 65,900 shares.
One of the smallest hedge funds
The two most similar investment funds to Springbank Value Partners L.P. are Account Management and Corus Bankshares, Inc. They manage $65.4 million and $66 million respectively.
Timothy Curro investment strategy
Springbank Value Partners L.P.’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Industrials — making up 61.4% of
the total portfolio value.
The fund focuses on investments in the United States as
65.8% 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
8% of the total holdings value.
On the other hand, large-cap stocks make up only 5.3% of the portfolio.
The average market cap of the portfolio companies is close to $5.09 billion.
The complete list of Springbank Value Partners L.P. trades based on 13F SEC filings
These positions were updated on November 10th 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 |
|---|---|---|---|
| MKS Instruments, Inc. |
No change
114,456
|
$5,692,000 | 8.69% |
| Global Payments, Inc. |
1.49%
65,900
|
$5,058,000 | 7.72% |
| Wabtec Corp |
1.75%
58,300
|
$4,760,000 | 7.26% |
| Emcor Group, Inc. |
No change
76,070
|
$4,535,000 | 6.92% |
| Thor Industries, Inc. |
No change
49,400
|
$4,184,000 | 6.38% |
| Total System Services Inc |
No change
86,500
|
$4,078,000 | 6.22% |
| Coherent Inc. |
No change
36,454
|
$4,030,000 | 6.15% |
| Insperity Inc |
No change
54,390
|
$3,951,000 | 6.03% |
| Rollins, Inc. |
No change
129,955
|
$3,805,000 | 5.81% |
| Csg Sys Intl Inc |
No change
87,220
|
$3,605,000 | 5.50% |
| Tetra Tech, Inc. |
No change
86,068
|
$3,053,000 | 4.66% |
| Primoris Services Corp |
0.77%
130,950
|
$2,698,000 | 4.12% |
| Msc Industrial Direct Co-a |
No change
31,800
|
$2,334,000 | 3.56% |
| Cubic Corp. |
2.43%
42,197
|
$1,975,000 | 3.01% |
| Cimarex Energy Co. |
No change
14,500
|
$1,948,000 | 2.97% |
| Applied Industrial Tech Inc |
No change
36,000
|
$1,683,000 | 2.57% |
| Dril-Quip, Inc. |
No change
24,900
|
$1,388,000 | 2.12% |
| Drew Industries Inc |
No change
8,000
|
$784,000 | 1.20% |
| Synergy Resources Corp |
65.39%
103,700
|
$719,000 | 1.10% |
| Gulf Island Fabrication, Inc. |
8.09%
66,817
|
$615,000 | 0.94% |
| Rudolph Technologies Inc |
3.39%
30,500
|
$541,000 | 0.83% |
| Hurco Companies, Inc. |
No change
18,949
|
$532,000 | 0.81% |
| Rogers Corp. |
No change
7,000
|
$428,000 | 0.65% |
| Nanometrics Inc |
12.89%
17,516
|
$391,000 | 0.60% |
| Veeco Instruments Inc |
50.00%
18,000
|
$353,000 | 0.54% |
| Mercury Systems Inc |
No change
14,297
|
$351,000 | 0.54% |
| FreightCar America Inc |
15.38%
22,500
|
$324,000 | 0.49% |
| Babcock Wilcox Enterpr |
36.50%
18,700
|
$309,000 | 0.47% |
| Matador Resources Co |
14.29%
8,000
|
$195,000 | 0.30% |
| Graham Corp. |
11.46%
10,094
|
$193,000 | 0.29% |
| Matrix Service Co. |
900.00%
10,000
|
$188,000 | 0.29% |
| Valmont Industries, Inc. |
No change
1,400
|
$188,000 | 0.29% |
| PDF Solutions Inc. |
No change
10,000
|
$182,000 | 0.28% |
| Zebra Technologies Corp. |
Closed
3,500
|
$175,000 | |
| Cohu, Inc. |
11.20%
13,900
|
$163,000 | 0.25% |
| Spdr Sp Oil Gas Exp Pr |
Opened
3,000
|
$115,000 | 0.18% |
| Planet Payment Inc |
511.11%
27,500
|
$102,000 | 0.16% |
| Digi International, Inc. |
300.00%
4,000
|
$46,000 | 0.07% |
| Vasco Data Security Intl |
Opened
2,000
|
$35,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 39 holdings | |||
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