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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
+1.19%
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
$727M
AUM Growth
-$114M
(-14%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Community Health Systems
CYH
|
+$5.1M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$5.07M |
| 3 |
ON Semiconductor
ON
|
+$4.6M |
| 4 |
Zions Bancorporation
ZION
|
+$4.4M |
| 5 |
PDM
Piedmont Realty Trust
PDM
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$7.52M |
| 2 |
Coty
COTY
|
+$5.41M |
| 3 |
ONE Gas
OGS
|
+$5.34M |
| 4 |
Honeywell
HON
|
+$5.3M |
| 5 |
MENT
Mentor Graphics Corp
MENT
|
+$5.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.69% |
| 2 | Technology | 13.71% |
| 3 | Industrials | 12.3% |
| 4 | Healthcare | 11.84% |
| 5 | Consumer Staples | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Newmont
NEM
$111B
| $861K | 0.12% |
+22,017
| New | +$729K |
|
252
Iron Mountain
IRM
$36.3B
| $859K | 0.12% |
+21,564
| New | +$785K |
|
|
XYZ
253
Block Inc
XYZ
$47B
| $859K | 0.12% |
+94,875
| New | +$1.07M |
|
|
TDAY
254
USA Today Co
TDAY
$1.17B
| $856K | 0.12% |
+47,370
| New | +$781K |
|
|
FPRX
255
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $847K | 0.12% |
+20,480
| New | +$891K |
|
256
Morningstar
MORN
$7.37B
| $846K | 0.12% |
10,344
-22,568
| -69% | -$1.89M |
|
257
Reliance Steel & Aluminium
RS
$21.3B
| $842K | 0.12% |
10,950
-23,910
| -69% | -$1.75M |
|
258
East-West Bancorp
EWBC
$18.1B
| $840K | 0.12% |
+24,580
| New | +$887K |
|
|
VR
259
DELISTED
Validus Hold Ltd
VR
| $830K | 0.11% |
17,077
-11,117
| -39% | -$521K |
|
|
ALJ
260
DELISTED
Alon USA Energy Inc
ALJ
| $830K | 0.11% |
+128,090
| New | +$1.11M |
|
261
Brink's
BCO
$4.65B
| $815K | 0.11% |
+28,604
| New | +$880K |
|
262
Steel Dynamics
STLD
$37.5B
| $806K | 0.11% |
+32,900
| New | +$804K |
|
263
New York Times
NYT
$10.5B
| $796K | 0.11% |
65,748
-171,994
| -72% | -$2.11M |
|
|
TEN
264
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $751K | 0.1% |
16,102
-8,357
| -34% | -$428K |
|
265
Brunswick
BC
$5.28B
| $745K | 0.1% |
16,435
-8,957
| -35% | -$424K |
|
|
OSG
266
Octave Specialty Group
OSG
$255M
| $741K | 0.1% |
+45,030
| New | +$722K |
|
|
OUTR
267
DELISTED
OUTERWALL INC
OUTR
| $734K | 0.1% |
17,488
-1,533
| -8% | -$62.1K |
|
|
TUP
268
DELISTED
Tupperware Brands Corporation
TUP
| $730K | 0.1% |
12,969
-239
| -2% | -$13.6K |
|
|
MTSC
269
DELISTED
MTS Systems Corp
MTSC
| $723K | 0.1% |
16,490
| – | – |
|
|
ATW
270
DELISTED
Atwood Oceanics
ATW
| $663K | 0.09% |
52,940
-35,307
| -40% | -$369K |
|
|
BGC
271
DELISTED
General Cable Corporation
BGC
| $661K | 0.09% |
+51,975
| New | +$718K |
|
|
HEES
272
DELISTED
H&E Equipment Services
HEES
| $653K | 0.09% |
+34,340
| New | +$646K |
|
273
World Acceptance Corp
WRLD
$886M
| $652K | 0.09% |
+14,301
| New | +$581K |
|
274
Oshkosh
OSK
$9.47B
| $596K | 0.08% |
+12,493
| New | +$554K |
|
|
LMNX
275
DELISTED
Luminex Corp
LMNX
| $591K | 0.08% |
+29,230
| New | +$585K |
|
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Convergence Investment Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.
- Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
- Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
- Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
- Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
- Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.
Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.