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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TEN
251
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
$916K 0.13%
+15,842
New +$915K
NLY icon
252
Annaly Capital Management
NLY
$17.2B
$914K 0.13%
+18,971
New +$895K
LYB icon
253
LyondellBasell Industries
LYB
$19.6B
$908K 0.13%
10,755
-3,358
-24% -$279K
SHW icon
254
Sherwin-Williams
SHW
$86B
$908K 0.13%
+7,764
New +$868K
HP icon
255
Helmerich & Payne
HP
$3.41B
$893K 0.13%
16,437
+422
+3% +$24.7K
AGM icon
256
Federal Agricultural Mortgage
AGM
$2.58B
$884K 0.13%
+13,659
New +$827K
PEGI
257
DELISTED
Pattern Energy Group Inc. Class A
PEGI
$882K 0.13%
+36,985
New +$829K
AEE icon
258
Ameren
AEE
$30.3B
$863K 0.13%
15,783
-21,121
-57% -$1.17M
STLD icon
259
Steel Dynamics
STLD
$37B
$859K 0.13%
23,976
-22,611
-49% -$783K
CCOI icon
260
Cogent Communications
CCOI
$663M
$847K 0.12%
21,113
+7,094
+51% +$294K
KSS icon
261
Kohl's
KSS
$2.28B
$830K 0.12%
21,453
-25,396
-54% -$973K
PIPR icon
262
Piper Sandler
PIPR
$5.13B
$806K 0.12%
53,776
-18,888
-26% -$285K
AD
263
Array Digital Infrastructure
AD
$3.03B
$801K 0.12%
+20,915
New +$809K
LNTH icon
264
Lantheus
LNTH
$6.59B
$800K 0.12%
+45,315
New +$667K
KOP icon
265
Koppers
KOP
$976M
$782K 0.11%
21,630
+1,960
+10% +$75.5K
TTC icon
266
Toro Company
TTC
$9.06B
$773K 0.11%
11,150
+5,770
+107% +$385K
MDXG icon
267
MiMedx Group
MDXG
$622M
$754K 0.11%
+50,390
New +$672K
MIC
268
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$747K 0.11%
9,534
+255
+3% +$20.1K
CARS icon
269
Cars.com
CARS
$676M
$740K 0.11%
+27,786
New +$748K
GS icon
270
Goldman Sachs
GS
$303B
$730K 0.11%
3,291
-4,566
-58% -$1.01M
BRK.B icon
271
Berkshire Hathaway Class B
BRK.B
$1.11T
$713K 0.1%
4,209
+550
+15% +$91.5K
NCI
272
DELISTED
Navigant Consulting, Inc.
NCI
$703K 0.1%
35,560
-35,560
-50% -$750K
DLR icon
273
Digital Realty Trust
DLR
$70.7B
$699K 0.1%
+6,185
New +$708K
KMG
274
DELISTED
KMG Chemicals Inc
KMG
$699K 0.1%
+14,363
New +$736K
GPI icon
275
Group 1 Automotive
GPI
$3.48B
$694K 0.1%
10,962
-20,431
-65% -$1.31M
9 10
11
12 13

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.