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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LVNTA
226
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
$1.17M 0.17%
+22,446
New +$1.17M
WPG
227
DELISTED
Washington Prime Group Inc.
WPG
$1.17M 0.17%
+15,587
New +$1.17M
CNO icon
228
CNO Financial Group
CNO
$5.16B
$1.17M 0.17%
55,847
-103,813
-65% -$2.14M
HWM icon
229
Howmet Aerospace
HWM
$115B
$1.17M 0.17%
+67,125
New +$1.37M
F icon
230
Ford
F
$57.5B
$1.13M 0.17%
101,054
+3,104
+3% +$34.7K
GHDX
231
DELISTED
Genomic Health, Inc.
GHDX
$1.13M 0.17%
34,670
-5,065
-13% -$160K
PACW
232
DELISTED
PacWest Bancorp
PACW
$1.12M 0.16%
24,071
-10,530
-30% -$514K
BCC icon
233
Boise Cascade
BCC
$2.92B
$1.12M 0.16%
+36,896
New +$1.08M
WELL icon
234
Welltower
WELL
$168B
$1.09M 0.16%
+14,524
New +$1.06M
TMHC
235
DELISTED
Taylor Morrison
TMHC
$1.08M 0.16%
45,185
-18,219
-29% -$420K
SBGI icon
236
Sinclair Inc
SBGI
$1B
$1.08M 0.16%
+32,811
New +$1.18M
PGEM
237
DELISTED
Ply Gem Holdings, Inc.
PGEM
$1.07M 0.16%
59,424
+15,424
+35% +$277K
URI icon
238
United Rentals
URI
$69.5B
$1.06M 0.15%
9,384
-10,584
-53% -$1.18M
RTX icon
239
RTX Corp
RTX
$292B
$1.04M 0.15%
+13,584
New +$1.02M
BBBY
240
DELISTED
Bed Bath & Beyond Inc
BBBY
$1.04M 0.15%
+34,309
New +$1.24M
ACH
241
Accendra Health
ACH
$261M
$1.04M 0.15%
32,238
-46,947
-59% -$1.54M
TFCFA
242
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$1.03M 0.15%
36,388
-36,691
-50% -$1.06M
EFOR
243
Everforth Inc
EFOR
$1.22B
$1.03M 0.15%
19,000
-2,956
-13% -$152K
CUBI icon
244
Customers Bancorp
CUBI
$2.72B
$1.01M 0.15%
+35,818
New +$1.06M
AZTA icon
245
Azenta
AZTA
$1.38B
$1.01M 0.15%
+46,446
New +$1.18M
PK icon
246
Park Hotels & Resorts
PK
$3.04B
$992K 0.15%
+36,788
New +$973K
UPS icon
247
United Parcel Service
UPS
$90.8B
$988K 0.14%
8,930
+479
+6% +$51.2K
REX icon
248
REX American Resources
REX
$1.42B
$968K 0.14%
+60,168
New +$954K
BIVV
249
DELISTED
Bioverativ Inc. Common Stock
BIVV
$932K 0.14%
+15,491
New +$882K
OSK icon
250
Oshkosh
OSK
$9.16B
$918K 0.13%
13,322
-11,047
-45% -$744K
8 9
10
11 12

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.