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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
+8.47%
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
$678M
AUM Growth
-$48.9M
(-6.7%)
Cap. Flow
-$82.3M
Cap. Flow
% of AUM
-12.14%
Top 10 Holdings %
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$6.36M |
| 2 |
AT&T
T
|
+$6.07M |
| 3 |
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
|
+$5.04M |
| 4 |
CVG
Convergys
CVG
|
+$4.73M |
| 5 |
GXP
Great Plains Energy Incorporated
GXP
|
+$4.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Leidos
LDOS
|
+$5.48M |
| 2 |
RAX
Rackspace Hosting Inc
RAX
|
+$5.32M |
| 3 |
DYN
Dynegy, Inc.
DYN
|
+$5.03M |
| 4 |
Gilead Sciences
GILD
|
+$4.77M |
| 5 |
Verizon
VZ
|
+$4.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.1% |
| 2 | Technology | 13.84% |
| 3 | Industrials | 12.51% |
| 4 | Healthcare | 11.57% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CNR
251
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $827K | 0.12% |
+56,708
| New | +$915K |
|
252
LCI Industries
LCII
$2.65B
| $824K | 0.12% |
+8,411
| New | +$799K |
|
253
Lexicon Pharmaceuticals
LXRX
$1.1B
| $818K | 0.12% |
45,279
-68,878
| -60% | -$1.11M |
|
254
Energy Recovery
ERII
$443M
| $804K | 0.12% |
+50,321
| New | +$612K |
|
|
HMSY
255
DELISTED
HMS Holdings Corp.
HMSY
| $799K | 0.12% |
+36,036
| New | +$757K |
|
256
AMC Entertainment Holdings
AMC
$2.31B
| $797K | 0.12% |
2,565
+1,357
| +112% | +$407K |
|
|
SCLN
257
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $788K | 0.12% |
+76,895
| New | +$838K |
|
|
DCH
258
Dauch Corp
DCH
$1.51B
| $784K | 0.12% |
+45,528
| New | +$765K |
|
259
SITE Centers
SITC
$165M
| $768K | 0.11% |
+34,217
| New | +$825K |
|
260
Newmont
NEM
$119B
| $738K | 0.11% |
18,771
-3,246
| -15% | -$135K |
|
261
MaxLinear
MXL
$6.8B
| $730K | 0.11% |
+36,024
| New | +$708K |
|
262
Ormat Technologies
ORA
$6.65B
| $714K | 0.11% |
+14,744
| New | +$697K |
|
|
WCC
263
WESCO International
WCC
$17.7B
| $714K | 0.11% |
+11,612
| New | +$666K |
|
264
Vail Resorts
MTN
$5.3B
| $704K | 0.1% |
+4,490
| New | +$684K |
|
265
PENN Entertainment
PENN
$2.71B
| $692K | 0.1% |
50,966
-42,762
| -46% | -$602K |
|
266
Popular Inc
BPOP
$11.1B
| $685K | 0.1% |
+17,934
| New | +$638K |
|
|
AD
267
Array Digital Infrastructure
AD
$3.05B
| $676K | 0.1% |
18,608
-8,160
| -30% | -$314K |
|
|
GRMN
268
Garmin
GRMN
$60B
| $650K | 0.1% |
+13,513
| New | +$667K |
|
269
La-Z-Boy
LZB
$1.69B
| $625K | 0.09% |
+25,466
| New | +$717K |
|
270
Sturm, Ruger & Co
RGR
$593M
| $611K | 0.09% |
10,572
-9,882
| -48% | -$626K |
|
|
SPTN
271
DELISTED
SpartanNash
SPTN
| $603K | 0.09% |
20,854
-14,968
| -42% | -$461K |
|
272
Ryman Hospitality Properties
RHP
$7.63B
| $598K | 0.09% |
12,427
-59,407
| -83% | -$3.16M |
|
273
Aecom
ACM
$9.75B
| $587K | 0.09% |
+19,731
| New | +$636K |
|
274
Berkshire Hathaway Class B
BRK.B
$1.13T
| $580K | 0.09% |
4,017
-60
| -1% | -$8.78K |
|
|
UNT
275
DELISTED
UNIT Corporation
UNT
| $572K | 0.08% |
+30,747
| New | +$474K |
|
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Convergence Investment Partners's Q3 2016 Portfolio in Review
As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.
- Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
- Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
- Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
- Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
- Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
- Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
- Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.
Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.