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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
+2.92%
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
$359M
AUM Growth
-$54.9M
(-13%)
Cap. Flow
-$60.4M
Cap. Flow
% of AUM
-16.81%
Top 10 Holdings %
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$2.55M |
| 2 |
IPG
Interpublic Group of Companies
IPG
|
+$2.43M |
| 3 |
Duke Energy
DUK
|
+$2.37M |
| 4 |
AT&T
T
|
+$2.36M |
| 5 |
Medtronic
MDT
|
+$2.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$4.68M |
| 2 |
Verizon
VZ
|
+$3.21M |
| 3 |
Comcast
CMCSA
|
+$3.15M |
| 4 |
AvalonBay Communities
AVB
|
+$2.59M |
| 5 |
Union Pacific
UNP
|
+$2.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.97% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 12.46% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Staples | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
MGIC Investment
MTG
$6.25B
| $169K | 0.05% |
13,468
-68,108
| -83% | -$880K |
|
227
Warner Bros
WBD
$67.1B
| $168K | 0.05% |
+6,297
| New | +$183K |
|
228
Insperity
NSP
$2.01B
| $167K | 0.05% |
1,698
-7,402
| -81% | -$804K |
|
|
HZNP
229
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $167K | 0.05% |
6,117
-3,624
| -37% | -$93.7K |
|
|
CIO
230
DELISTED
City Office REIT
CIO
| $166K | 0.05% |
+11,509
| New | +$150K |
|
231
Lattice Semiconductor
LSCC
$18.5B
| $166K | 0.05% |
9,078
-5,874
| -39% | -$108K |
|
|
PACW
232
DELISTED
PacWest Bancorp
PACW
| $165K | 0.05% |
4,538
-889
| -16% | -$32.1K |
|
233
Jones Lang LaSalle
JLL
$16.7B
| $164K | 0.05% |
1,176
-6,767
| -85% | -$937K |
|
234
Western Alliance Bancorporation
WAL
$8.87B
| $164K | 0.05% |
3,555
-1,110
| -24% | -$50.1K |
|
235
Associated Banc-Corp
ASB
$5.91B
| $163K | 0.05% |
+8,055
| New | +$163K |
|
236
MasTec
MTZ
$21.9B
| $163K | 0.05% |
2,515
-21,461
| -90% | -$1.25M |
|
237
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $162K | 0.05% |
2,852
-2,139
| -43% | -$120K |
|
|
VRE
238
DELISTED
Veris Residential
VRE
| $162K | 0.05% |
7,502
-44,493
| -86% | -$989K |
|
|
USCR
239
DELISTED
U S Concrete, Inc.
USCR
| $161K | 0.04% |
2,920
-531
| -15% | -$24.8K |
|
240
Atkore
ATKR
$3.16B
| $160K | 0.04% |
+5,270
| New | +$148K |
|
241
Sanmina
SANM
$10.9B
| $160K | 0.04% |
+4,998
| New | +$153K |
|
|
GLDD
242
DELISTED
Great Lakes Dredge & Dock
GLDD
| $157K | 0.04% |
15,041
-689
| -4% | -$7.28K |
|
243
Tandem Diabetes Care
TNDM
$1.56B
| $157K | 0.04% |
+2,655
| New | +$169K |
|
|
UNIT
244
Uniti Group
UNIT
$2.32B
| $157K | 0.04% |
+20,206
| New | +$168K |
|
245
Benchmark Electronics
BHE
$2.96B
| $156K | 0.04% |
+5,363
| New | +$143K |
|
246
First Industrial Realty Trust
FR
$8.44B
| $156K | 0.04% |
3,941
-1,848
| -32% | -$70.9K |
|
|
IBKC
247
DELISTED
IBERIABANK Corp
IBKC
| $154K | 0.04% |
2,039
-7,995
| -80% | -$590K |
|
248
Stride
LRN
$3.43B
| $153K | 0.04% |
5,781
-1,510
| -21% | -$43.4K |
|
|
EGRX
249
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $153K | 0.04% |
2,699
-1,883
| -41% | -$106K |
|
|
RVI
250
DELISTED
Retail Value Inc. Common Shares
RVI
| $153K | 0.04% |
+45,016
| New | +$152K |
|
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Convergence Investment Partners's Q3 2019 Portfolio in Review
As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.
- Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
- Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
- Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
- Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
- Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
- Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
- Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.
Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.