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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
-20.74%
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
$229M
AUM Growth
-$123M
(-35%)
Cap. Flow
-$50.6M
Cap. Flow
% of AUM
-22.12%
Top 10 Holdings %
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street
STT
|
+$2.37M |
| 2 |
Goldman Sachs
GS
|
+$2.18M |
| 3 |
Marathon Petroleum
MPC
|
+$1.66M |
| 4 |
General Motors
GM
|
+$1.46M |
| 5 |
Citizens Financial Group
CFG
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$3.47M |
| 2 |
Pfizer
PFE
|
+$2.04M |
| 3 |
FITB
Fifth Third Bancorp
FITB
|
+$1.9M |
| 4 |
NextEra Energy
NEE
|
+$1.86M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.8% |
| 2 | Healthcare | 16.5% |
| 3 | Financials | 14.66% |
| 4 | Communication Services | 9.42% |
| 5 | Consumer Staples | 9.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Dell
DELL
$296B
| – | – |
-39,219
| Closed | -$1.02M |
|
|
DFS
227
DELISTED
Discover Financial Services
DFS
| – | – |
-21,428
| Closed | -$1.82M |
|
228
Danaher
DHR
$147B
| – | – |
-1,668
| Closed | -$227K |
|
229
HF Sinclair
DINO
$15.2B
| – | – |
-24,159
| Closed | -$1.23M |
|
230
Brinker International
EAT
$9.76B
| – | – |
-39,520
| Closed | -$1.66M |
|
231
Elevance Health
ELV
$86.2B
| – | – |
-898
| Closed | -$271K |
|
232
Emcor
EME
$35.7B
| – | – |
-12,191
| Closed | -$1.05M |
|
233
Equitable Holdings
EQH
$14.4B
| – | – |
-45,217
| Closed | -$1.12M |
|
|
FITB
234
Fifth Third Bancorp
FITB
$51.8B
| – | – |
-61,816
| Closed | -$1.9M |
|
235
Group 1 Automotive
GPI
$3.16B
| – | – |
-8,631
| Closed | -$863K |
|
236
Hershey
HSY
$36.7B
| – | – |
-8,503
| Closed | -$1.25M |
|
237
KBR
KBR
$4.83B
| – | – |
-44,833
| Closed | -$1.37M |
|
238
KeyCorp
KEY
$24.3B
| – | – |
-42,083
| Closed | -$852K |
|
239
Kimco Realty
KIM
$16.2B
| – | – |
-55,036
| Closed | -$1.14M |
|
240
LCI Industries
LCII
$2.55B
| – | – |
-6,457
| Closed | -$692K |
|
241
Lam Research
LRCX
$383B
| – | – |
-54,030
| Closed | -$1.58M |
|
242
ManpowerGroup
MAN
$2.63B
| – | – |
-7,307
| Closed | -$710K |
|
243
Mondelez International
MDLZ
$78.5B
| – | – |
-3,724
| Closed | -$205K |
|
244
Martin Marietta Materials
MLM
$33B
| – | – |
-3,116
| Closed | -$871K |
|
245
3M
MMM
$93.9B
| – | – |
-1,691
| Closed | -$249K |
|
|
MPT
246
Medical Properties Trust
MPT
$2.48B
| – | – |
-56,161
| Closed | -$1.19M |
|
247
MasTec
MTZ
$21.5B
| – | – |
-17,033
| Closed | -$1.09M |
|
248
Micron Technology
MU
$972B
| – | – |
-3,977
| Closed | -$214K |
|
249
Navient
NAVI
$796M
| – | – |
-82,417
| Closed | -$1.13M |
|
250
Norwegian Cruise Line
NCLH
$8.52B
| – | – |
-16,604
| Closed | -$970K |
|
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Convergence Investment Partners's Q1 2020 Portfolio in Review
As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.
- Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
- Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
- Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
- Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
- Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
- Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.
Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.