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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
+9.38%
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
$352M
AUM Growth
-$7.27M
(-2%)
Cap. Flow
-$33.5M
Cap. Flow
% of AUM
-9.51%
Top 10 Holdings %
Top 10 Hldgs %
17.35%
Holding
345
New
51
Increased
46
Reduced
123
Closed
123
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Travel + Leisure Co
TNL
|
+$2.66M |
| 2 |
General Mills
GIS
|
+$2.22M |
| 3 |
Whirlpool
WHR
|
+$2.13M |
| 4 |
LyondellBasell Industries
LYB
|
+$1.7M |
| 5 |
Meta Platforms (Facebook)
META
|
+$1.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$2.48M |
| 2 |
GRMN
Garmin
GRMN
|
+$2.2M |
| 3 |
PDM
Piedmont Realty Trust
PDM
|
+$1.9M |
| 4 |
IPG
Interpublic Group of Companies
IPG
|
+$1.55M |
| 5 |
Manhattan Associates
MANH
|
+$1.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.41% |
| 2 | Technology | 16.67% |
| 3 | Healthcare | 13.01% |
| 4 | Consumer Discretionary | 9.23% |
| 5 | Industrials | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
AMERISAFE
AMSF
$540M
| – | – |
-2,918
| Closed | -$193K |
|
227
Anika Therapeutics
ANIK
$287M
| – | – |
-2,645
| Closed | -$145K |
|
228
ANI Pharmaceuticals
ANIP
$1.78B
| – | – |
-1,935
| Closed | -$141K |
|
229
Associated Banc-Corp
ASB
$5.91B
| – | – |
-8,055
| Closed | -$163K |
|
230
Avient
AVNT
$4.19B
| – | – |
-28,875
| Closed | -$943K |
|
231
Booz Allen Hamilton
BAH
$9.15B
| – | – |
-11,583
| Closed | -$823K |
|
232
Boise Cascade
BCC
$3.02B
| – | – |
-3,737
| Closed | -$122K |
|
233
Bunge Global
BG
$20.8B
| – | – |
-22,537
| Closed | -$1.28M |
|
234
Benchmark Electronics
BHE
$2.96B
| – | – |
-5,363
| Closed | -$156K |
|
235
Bankunited
BKU
$3.36B
| – | – |
-24,351
| Closed | -$819K |
|
236
Popular Inc
BPOP
$11.1B
| – | – |
-18,743
| Closed | -$1.01M |
|
237
Brixmor Property Group
BRX
$9.32B
| – | – |
-46,595
| Closed | -$945K |
|
238
Avis
CAR
$5.02B
| – | – |
-4,129
| Closed | -$117K |
|
239
C.H. Robinson
CHRW
$17.5B
| – | – |
-8,536
| Closed | -$724K |
|
|
CIO
240
DELISTED
City Office REIT
CIO
| – | – |
-11,509
| Closed | -$166K |
|
241
Colgate-Palmolive
CL
$74.4B
| – | – |
-17,331
| Closed | -$1.27M |
|
242
Columbus McKinnon
CMCO
$584M
| – | – |
-4,001
| Closed | -$146K |
|
243
Coca-Cola Consolidated
COKE
$12.8B
| – | – |
-43,340
| Closed | -$1.32M |
|
244
Cirrus Logic
CRUS
$6.26B
| – | – |
-2,370
| Closed | -$127K |
|
245
CorVel
CRVL
$3.19B
| – | – |
-6,765
| Closed | -$171K |
|
246
CoStar Group
CSGP
$12.3B
| – | – |
-10,900
| Closed | -$647K |
|
247
Deckers Outdoor
DECK
$13.3B
| – | – |
-40,020
| Closed | -$983K |
|
248
DHT Holdings
DHT
$3.02B
| – | – |
-16,014
| Closed | -$98K |
|
249
Delek US
DK
$3.58B
| – | – |
-37,512
| Closed | -$1.36M |
|
250
eBay
EBAY
$49.8B
| – | – |
-35,689
| Closed | -$1.39M |
|
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Convergence Investment Partners's Q4 2019 Portfolio in Review
As of Q4 2019, Convergence Investment Partners held 345 positions worth $352M, down 2% from $359M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Convergence Investment Partners withdrew a net $33.5M in Q4 2019, closing 123 positions and reducing 123 holdings. Its most notable exit was Garmin, an estimated $2.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Travel + Leisure Co worth $2.88M.
- Convergence Investment Partners's largest Q4 2019 buy was Travel + Leisure Co: 55,656 shares worth $2.88M.
- Convergence Investment Partners added most to Meta Platforms (Facebook) in Q4 2019, an estimated $1.62M increase.
- Convergence Investment Partners's biggest Q4 2019 reduction was Starbucks, cutting an estimated $2.48M.
- Convergence Investment Partners fully exited Garmin in Q4 2019, selling an estimated $2.2M.
- Convergence Investment Partners's ten largest holdings make up 17% of its $352M portfolio in Q4 2019.
- Convergence Investment Partners opened 51 new positions and closed 123 in Q4 2019.
- Convergence Investment Partners's portfolio value fell 2% quarter-over-quarter to $352M.
Based on Convergence Investment Partners's 13F filing for Q4 2019, filed 22 Jan 2020.