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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
+4.96%
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
$414M
AUM Growth
-$44.2M
(-9.7%)
Cap. Flow
-$55.4M
Cap. Flow
% of AUM
-13.39%
Top 10 Holdings %
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$2.43M |
| 2 |
Intuit
INTU
|
+$2.21M |
| 3 |
Cadence Design Systems
CDNS
|
+$2.05M |
| 4 |
Sinclair Inc
SBGI
|
+$2.01M |
| 5 |
Delek US
DK
|
+$1.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$3.95M |
| 2 |
JPMorgan Chase
JPM
|
+$3.64M |
| 3 |
Walt Disney
DIS
|
+$3.14M |
| 4 |
Pfizer
PFE
|
+$2.63M |
| 5 |
Microsoft
MSFT
|
+$2.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.46% |
| 2 | Financials | 16.39% |
| 3 | Healthcare | 13.02% |
| 4 | Industrials | 11% |
| 5 | Consumer Discretionary | 8.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Caterpillar
CAT
$388B
| $229K | 0.06% |
1,677
+18
| +1% | +$2.38K |
|
|
GHDX
227
DELISTED
Genomic Health, Inc.
GHDX
| $226K | 0.05% |
3,892
-9,278
| -70% | -$550K |
|
228
Perdoceo Education
PRDO
$2.14B
| $225K | 0.05% |
+11,796
| New | +$218K |
|
|
ARNA
229
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $224K | 0.05% |
+3,818
| New | +$197K |
|
|
BMCH
230
DELISTED
BMC Stock Holdings, Inc
BMCH
| $224K | 0.05% |
+10,573
| New | +$220K |
|
231
Stride
LRN
$3.4B
| $222K | 0.05% |
7,291
-3,371
| -32% | -$108K |
|
|
SBNY
232
DELISTED
Signature Bank
SBNY
| $219K | 0.05% |
+1,815
| New | +$224K |
|
233
Lattice Semiconductor
LSCC
$18.5B
| $218K | 0.05% |
+14,952
| New | +$199K |
|
234
NextEra Energy
NEE
$177B
| $217K | 0.05% |
4,248
+88
| +2% | +$4.33K |
|
|
NXGN
235
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $217K | 0.05% |
10,910
+1,876
| +21% | +$35K |
|
236
Adeia
ADEA
$3.13B
| $216K | 0.05% |
+39,637
| New | +$238K |
|
237
Essent Group
ESNT
$6.43B
| $214K | 0.05% |
+4,557
| New | +$215K |
|
|
NGHC
238
DELISTED
National General Holdings Corp
NGHC
| $214K | 0.05% |
9,332
-51,223
| -85% | -$1.22M |
|
239
First Industrial Realty Trust
FR
$8.41B
| $213K | 0.05% |
+5,789
| New | +$206K |
|
|
PACW
240
DELISTED
PacWest Bancorp
PACW
| $211K | 0.05% |
+5,427
| New | +$210K |
|
241
Hanover Insurance
THG
$7.98B
| $210K | 0.05% |
+1,633
| New | +$198K |
|
242
Western Alliance Bancorporation
WAL
$8.94B
| $209K | 0.05% |
+4,665
| New | +$208K |
|
243
DNOW Inc
DNOW
$3.02B
| $207K | 0.05% |
+14,004
| New | +$200K |
|
244
Philip Morris
PM
$295B
| $205K | 0.05% |
2,614
-295
| -10% | -$24.4K |
|
245
Aflac
AFL
$63.6B
| $204K | 0.05% |
+3,715
| New | +$192K |
|
|
ARGO
246
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $202K | 0.05% |
+2,732
| New | +$200K |
|
247
Booking.com
BKNG
$161B
| $201K | 0.05% |
+2,675
| New | +$192K |
|
248
Empire State Realty Trust
ESRT
$836M
| $201K | 0.05% |
+13,578
| New | +$210K |
|
249
Jack in the Box
JACK
$335M
| $201K | 0.05% |
+2,469
| New | +$200K |
|
250
The RMR Group
RMR
$332M
| $201K | 0.05% |
4,272
-811
| -16% | -$43.7K |
|
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Convergence Investment Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.
- Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
- Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
- Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
- Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
- Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.
Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.