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CIP

Convergence Investment Partners Portfolio holdings

AUM $1.06B
1-Year Est. Return 87.75%
This Fund
S&P 500
This Quarter Est. Return
+3.91%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.26%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SAH icon
226
Sonic Automotive
SAH
$2.68B
$1.17M 0.16%
58,346
-16,949
-23% -$378K
PIPR icon
227
Piper Sandler
PIPR
$5.02B
$1.16M 0.16%
72,664
-51,684
-42% -$915K
MAN icon
228
ManpowerGroup
MAN
$2.57B
$1.16M 0.16%
11,297
-99
-0.9% -$9.6K
ASPS icon
229
Altisource Portfolio Solutions
ASPS
$66M
$1.15M 0.16%
3,921
-3,795
-49% -$841K
F icon
230
Ford
F
$55B
$1.14M 0.16%
97,950
-4,207
-4% -$52.3K
AMAG
231
DELISTED
AMAG Pharmaceuticals
AMAG
$1.13M 0.16%
50,182
+17,412
+53% +$417K
OMC icon
232
Omnicom Group
OMC
$22.6B
$1.11M 0.16%
12,925
-805
-6% -$68.7K
RUSHA icon
233
Rush Enterprises Class A
RUSHA
$6.2B
$1.1M 0.15%
+75,002
New +$1.11M
ESND
234
DELISTED
Essendant Inc.
ESND
$1.1M 0.15%
+72,675
New +$1.35M
TMUS icon
235
T-Mobile US
TMUS
$193B
$1.1M 0.15%
16,962
+12,429
+274% +$764K
WBS icon
236
Webster Financial
WBS
$12.8B
$1.09M 0.15%
+21,849
New +$1.17M
EFOR
237
Everforth Inc
EFOR
$1.29B
$1.07M 0.15%
+21,956
New +$1.02M
HP icon
238
Helmerich & Payne
HP
$3.7B
$1.07M 0.15%
16,015
-1,052
-6% -$74.9K
CAR icon
239
Avis
CAR
$4.89B
$1.06M 0.15%
+35,830
New +$1.24M
TUP
240
DELISTED
Tupperware Brands Corporation
TUP
$1.03M 0.14%
16,369
-18,396
-53% -$1.09M
MXIM
241
DELISTED
Maxim Integrated Products
MXIM
$1.02M 0.14%
+22,800
New +$999K
SYY icon
242
Sysco
SYY
$40.4B
$1.02M 0.14%
19,685
-1,107
-5% -$58.7K
SIG icon
243
Signet Jewelers
SIG
$3.65B
$1.01M 0.14%
14,598
-9,646
-40% -$721K
MU icon
244
Micron Technology
MU
$996B
$1.01M 0.14%
+34,850
New +$851K
AAL icon
245
American Airlines Group
AAL
$10.6B
$984K 0.14%
+23,267
New +$1.05M
DCI icon
246
Donaldson
DCI
$11.4B
$974K 0.14%
+21,398
New +$926K
KATE
247
DELISTED
Kate Spade & Company
KATE
$948K 0.13%
+40,821
New +$854K
CBL
248
DELISTED
CBL& Associates Properties, Inc.
CBL
$936K 0.13%
98,086
-58,688
-37% -$602K
BIG
249
DELISTED
Big Lots, Inc.
BIG
$918K 0.13%
18,867
-39,487
-68% -$1.99M
FE icon
250
FirstEnergy
FE
$27.4B
$913K 0.13%
28,682
-74,878
-72% -$2.31M
8 9
10
11 12

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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.