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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
+8.78%
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
$491M
AUM Growth
-$226M
Cap. Flow
-$269M
Cap. Flow %
-54.91%
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$3.53M
2
WBA
Walgreens Boots Alliance
WBA
+$3.41M
3
HST icon
Host Hotels & Resorts
HST
+$2.75M
4
CLGX
Corelogic, Inc.
CLGX
+$2.67M
5
QCOM icon
Qualcomm
QCOM
+$2.19M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$7.05M
2
CA
CA, Inc.
CA
+$6.83M
3
T icon
AT&T
T
+$6.52M
4
CAT icon
Caterpillar
CAT
+$5.37M
5
GIS icon
General Mills
GIS
+$5.04M

Sector Composition

Rank Sector Weight
1 Financials 16.23%
2 Technology 15.94%
3 Healthcare 14.51%
4 Industrials 12.11%
5 Consumer Discretionary 9.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JBL icon
226
Jabil
JBL
$35.8B
$472K 0.1%
17,417
-15,615
-47% -$447K
GHDX
227
DELISTED
Genomic Health, Inc.
GHDX
$472K 0.1%
+6,715
New +$393K
TRS icon
228
TriMas Corp
TRS
$1.44B
$470K 0.1%
+15,450
New +$468K
MMI icon
229
Marcus & Millichap
MMI
$1.19B
$468K 0.1%
13,497
-12,227
-48% -$464K
RHI icon
230
Robert Half
RHI
$4.37B
$465K 0.09%
+6,612
New +$484K
IIIN icon
231
Insteel Industries
IIIN
$625M
$457K 0.09%
+12,726
New +$489K
OMF icon
232
OneMain Financial
OMF
$7.47B
$453K 0.09%
13,482
-18,268
-58% -$640K
MTOR
233
DELISTED
MERITOR, Inc.
MTOR
$437K 0.09%
22,547
-73,409
-77% -$1.54M
ONTO icon
234
Onto Innovation
ONTO
$15.3B
$434K 0.09%
+11,556
New +$454K
WTFC icon
235
Wintrust Financial
WTFC
$10.7B
$429K 0.09%
+5,050
New +$450K
PRI icon
236
Primerica
PRI
$9.89B
$428K 0.09%
3,548
-9,850
-74% -$1.14M
ENTA icon
237
Enanta Pharmaceuticals
ENTA
$400M
$420K 0.09%
4,909
-6,880
-58% -$689K
KRA
238
DELISTED
Kraton Corporation
KRA
$420K 0.09%
8,906
-16,628
-65% -$789K
WDR
239
DELISTED
Waddell & Reed Financial, Inc.
WDR
$419K 0.09%
+19,766
New +$398K
CVI icon
240
CVR Energy
CVI
$3.13B
$417K 0.09%
10,369
-48,736
-82% -$1.83M
MRK icon
241
Merck
MRK
$318B
$417K 0.09%
6,158
+289
+5% +$18.4K
HIW icon
242
Highwoods Properties
HIW
$3.47B
$402K 0.08%
+8,509
New +$420K
EXPR
243
DELISTED
Express, Inc.
EXPR
$397K 0.08%
+1,794
New +$367K
PFGC icon
244
Performance Food Group
PFGC
$18B
$395K 0.08%
11,851
-94,853
-89% -$3.34M
PEP icon
245
PepsiCo
PEP
$190B
$394K 0.08%
3,527
+720
+26% +$81.5K
SRC
246
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$392K 0.08%
9,726
-10,719
-52% -$444K
CBPX
247
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
$382K 0.08%
+10,178
New +$362K
BCC icon
248
Boise Cascade
BCC
$3.02B
$379K 0.08%
10,295
-9,441
-48% -$411K
KO icon
249
Coca-Cola
KO
$375B
$376K 0.08%
8,143
+349
+4% +$15.9K
USNA icon
250
Usana Health Sciences
USNA
$286M
$376K 0.08%
+3,119
New +$387K
8 9
10
11 12

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Convergence Investment Partners's Q3 2018 Portfolio in Review

As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.

  • Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
  • Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
  • Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
  • Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
  • Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
  • Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.

Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.