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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
+6.3%
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
$716M
AUM Growth
-$51.2M
(-6.7%)
Cap. Flow
-$79M
Cap. Flow
% of AUM
-11.03%
Top 10 Holdings %
Top 10 Hldgs %
14.13%
Holding
1,098
New
59
Increased
131
Reduced
112
Closed
794
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SYNT
Syntel Inc
SYNT
|
+$5.46M |
| 2 |
Tenet Healthcare
THC
|
+$4.51M |
| 3 |
CA
CA, Inc.
CA
|
+$4.33M |
| 4 |
Intel
INTC
|
+$4.14M |
| 5 |
Vistra
VST
|
+$4.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Yelp
YELP
|
+$6.14M |
| 2 |
TVPT
Travelport Worldwide Limited
TVPT
|
+$4.98M |
| 3 |
National Fuel Gas
NFG
|
+$4.85M |
| 4 |
VRNT
Verint Systems
VRNT
|
+$4.74M |
| 5 |
PCH
PotlatchDeltic
PCH
|
+$4.63M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.62% |
| 2 | Financials | 16.09% |
| 3 | Healthcare | 13.49% |
| 4 | Industrials | 11.41% |
| 5 | Consumer Discretionary | 10.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
MGP Ingredients
MGPI
$375M
| $629K | 0.09% |
+7,085
| New | +$635K |
|
252
Visteon
VC
$2.78B
| $622K | 0.09% |
+4,811
| New | +$602K |
|
253
Johnson & Johnson
JNJ
$625B
| $591K | 0.08% |
4,872
-182
| -4% | -$22.7K |
|
|
WBA
254
DELISTED
Walgreens Boots Alliance
WBA
| $579K | 0.08% |
9,649
+6,585
| +215% | +$424K |
|
255
Medpace
MEDP
$16.5B
| $577K | 0.08% |
13,410
-7,564
| -36% | -$306K |
|
256
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $552K | 0.08% |
+12,064
| New | +$570K |
|
257
Cullen/Frost Bankers
CFR
$10.2B
| $521K | 0.07% |
+4,815
| New | +$544K |
|
258
Medifast
MED
$141M
| $510K | 0.07% |
3,187
-3,799
| -54% | -$486K |
|
259
United Therapeutics
UTHR
$23.1B
| $505K | 0.07% |
4,460
+4,311
| +2,893% | +$474K |
|
260
H&R Block
HRB
$5.86B
| $492K | 0.07% |
21,601
+21,550
| +42,255% | +$572K |
|
261
Veeva Systems
VEEV
$37.4B
| $490K | 0.07% |
+6,380
| New | +$485K |
|
262
AMC Global Media
AMCX
$489M
| $489K | 0.07% |
+7,866
| New | +$449K |
|
263
National Beverage
FIZZ
$3.01B
| $489K | 0.07% |
9,148
-7,386
| -45% | -$347K |
|
|
TPCO
264
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $483K | 0.07% |
27,948
-13,143
| -32% | -$229K |
|
|
TDAY
265
USA Today Co
TDAY
$1.06B
| $475K | 0.07% |
+25,726
| New | +$446K |
|
266
InterDigital
IDCC
$8.89B
| $445K | 0.06% |
+5,498
| New | +$437K |
|
|
STMP
267
DELISTED
Stamps.com, Inc.
STMP
| $441K | 0.06% |
+1,741
| New | +$420K |
|
|
GCI
268
DELISTED
Gannett Co., Inc
GCI
| $436K | 0.06% |
40,725
-6,246
| -13% | -$64.6K |
|
269
Genco Shipping & Trading
GNK
$1.1B
| $434K | 0.06% |
+27,983
| New | +$476K |
|
|
CIVI
270
DELISTED
Civitas Resources
CIVI
| $410K | 0.06% |
+10,820
| New | +$347K |
|
271
United Natural Foods
UNFI
$2.85B
| $407K | 0.06% |
9,547
+872
| +10% | +$38.5K |
|
|
CKH
272
DELISTED
Seacor Holdings Inc.
CKH
| $365K | 0.05% |
+6,371
| New | +$347K |
|
273
Shenandoah Telecom
SHEN
$746M
| $352K | 0.05% |
+10,763
| New | +$368K |
|
274
Coca-Cola
KO
$375B
| $342K | 0.05% |
7,794
-246
| -3% | -$10.6K |
|
|
HMSY
275
DELISTED
HMS Holdings Corp.
HMSY
| $341K | 0.05% |
+15,766
| New | +$319K |
|
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Convergence Investment Partners's Q2 2018 Portfolio in Review
As of Q2 2018, Convergence Investment Partners held 1,098 positions worth $716M, down 6.7% from $768M the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Convergence Investment Partners withdrew a net $79M in Q2 2018, closing 794 positions and reducing 112 holdings. Its most notable exit was Yelp, an estimated $6.14M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Syntel Inc worth $5.86M.
- Convergence Investment Partners's largest Q2 2018 buy was Syntel Inc: 182,703 shares worth $5.86M.
- Convergence Investment Partners added most to Tenet Healthcare in Q2 2018, an estimated $4.51M increase.
- Convergence Investment Partners's biggest Q2 2018 reduction was Bread Financial, cutting an estimated $3.96M.
- Convergence Investment Partners fully exited Yelp in Q2 2018, selling an estimated $6.14M.
- Convergence Investment Partners's ten largest holdings make up 14% of its $716M portfolio in Q2 2018.
- Convergence Investment Partners opened 59 new positions and closed 794 in Q2 2018.
- Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $716M.
Based on Convergence Investment Partners's 13F filing for Q2 2018, filed 7 Aug 2018.