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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
-10.17%
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
$165M
AUM Growth
-$28.7M
(-15%)
Cap. Flow
-$6.44M
Cap. Flow
% of AUM
-3.89%
Top 10 Holdings %
Top 10 Hldgs %
20.5%
Holding
254
New
42
Increased
71
Reduced
89
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kimberly-Clark
KMB
|
+$2.2M |
| 2 |
NSA
National Storage Affiliates Trust
NSA
|
+$1.32M |
| 3 |
US Bancorp
USB
|
+$1.29M |
| 4 |
Unum
UNM
|
+$1.17M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$1.69M |
| 2 |
Simon Property Group
SPG
|
+$1.55M |
| 3 |
Cummins
CMI
|
+$1.17M |
| 4 |
Bank of America
BAC
|
+$1.08M |
| 5 |
Fidelity National Financial
FNF
|
+$992K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.48% |
| 2 | Healthcare | 16.87% |
| 3 | Financials | 15.66% |
| 4 | Consumer Staples | 8.79% |
| 5 | Communication Services | 8.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Factset
FDS
$10.2B
| – | – |
-624
| Closed | -$271K |
|
|
227
Fidelity National Financial
FNF
$13.5B
| – | – |
-21,115
| Closed | -$992K |
|
228
GE Aerospace
GE
$384B
| – | – |
-3,924
| Closed | -$224K |
|
229
General Motors
GM
$76.8B
| – | – |
-4,937
| Closed | -$216K |
|
230
HCA Healthcare
HCA
$89.5B
| – | – |
-1,146
| Closed | -$287K |
|
231
Intuit
INTU
$89B
| – | – |
-470
| Closed | -$226K |
|
232
Jones Lang LaSalle
JLL
$16.7B
| – | – |
-707
| Closed | -$169K |
|
233
Manhattan Associates
MANH
$11.4B
| – | – |
-2,346
| Closed | -$325K |
|
234
Moelis & Co
MC
$4.94B
| – | – |
-20,148
| Closed | -$946K |
|
235
Mondelez International
MDLZ
$79.9B
| – | – |
-3,196
| Closed | -$201K |
|
236
Micron Technology
MU
$991B
| – | – |
-2,757
| Closed | -$215K |
|
237
Netflix
NFLX
$309B
| – | – |
-6,670
| Closed | -$250K |
|
238
Northrop Grumman
NOC
$81.2B
| – | – |
-683
| Closed | -$305K |
|
239
Owens Corning
OC
$12.4B
| – | – |
-1,860
| Closed | -$170K |
|
240
OneMain Financial
OMF
$7.47B
| – | – |
-5,119
| Closed | -$243K |
|
241
Piper Sandler
PIPR
$5.29B
| – | – |
-8,288
| Closed | -$272K |
|
242
PNC Financial Services
PNC
$101B
| – | – |
-1,251
| Closed | -$231K |
|
243
Portland General Electric
POR
$5.77B
| – | – |
-2,364
| Closed | -$130K |
|
244
PayPal
PYPL
$50.5B
| – | – |
-1,920
| Closed | -$222K |
|
245
Radian Group
RDN
$4.93B
| – | – |
-13,023
| Closed | -$289K |
|
246
Robert Half
RHI
$4.37B
| – | – |
-1,309
| Closed | -$149K |
|
247
Starbucks
SBUX
$120B
| – | – |
-2,582
| Closed | -$235K |
|
|
SCHW
248
Charles Schwab
SCHW
$187B
| – | – |
-3,196
| Closed | -$269K |
|
249
SLB Ltd
SLB
$75B
| – | – |
-6,082
| Closed | -$251K |
|
250
Synopsys
SNPS
$79.7B
| – | – |
-1,624
| Closed | -$541K |
|
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Convergence Investment Partners's Q2 2022 Portfolio in Review
As of Q2 2022, Convergence Investment Partners held 254 positions worth $165M, down 15% from $194M the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Convergence Investment Partners withdrew a net $6.44M in Q2 2022, closing 52 positions and reducing 89 holdings. Its most notable exit was Simon Property Group, an estimated $1.55M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in Kimberly-Clark worth $2.26M.
- Convergence Investment Partners's largest Q2 2022 buy was Kimberly-Clark: 16,702 shares worth $2.26M.
- Convergence Investment Partners added most to US Bancorp in Q2 2022, an estimated $1.29M increase.
- Convergence Investment Partners's biggest Q2 2022 reduction was Procter & Gamble, cutting an estimated $1.69M.
- Convergence Investment Partners fully exited Simon Property Group in Q2 2022, selling an estimated $1.55M.
- Convergence Investment Partners's ten largest holdings make up 21% of its $165M portfolio in Q2 2022.
- Convergence Investment Partners opened 42 new positions and closed 52 in Q2 2022.
- Convergence Investment Partners's portfolio value fell 15% quarter-over-quarter to $165M.
Based on Convergence Investment Partners's 13F filing for Q2 2022, filed 5 Aug 2022.