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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
+4.96%
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
$414M
AUM Growth
-$44.2M
(-9.7%)
Cap. Flow
-$55.4M
Cap. Flow
% of AUM
-13.39%
Top 10 Holdings %
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$2.43M |
| 2 |
Intuit
INTU
|
+$2.21M |
| 3 |
Cadence Design Systems
CDNS
|
+$2.05M |
| 4 |
Sinclair Inc
SBGI
|
+$2.01M |
| 5 |
Delek US
DK
|
+$1.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$3.95M |
| 2 |
JPMorgan Chase
JPM
|
+$3.64M |
| 3 |
Walt Disney
DIS
|
+$3.14M |
| 4 |
Pfizer
PFE
|
+$2.63M |
| 5 |
Microsoft
MSFT
|
+$2.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.46% |
| 2 | Financials | 16.39% |
| 3 | Healthcare | 13.02% |
| 4 | Industrials | 11% |
| 5 | Consumer Discretionary | 8.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
1-800-Flowers.com
FLWS
$258M
| $196K | 0.05% |
+10,396
| New | +$199K |
|
252
Stratasys
SSYS
$774M
| $195K | 0.05% |
+6,626
| New | +$157K |
|
|
HSII
253
DELISTED
Heidrick & Struggles
HSII
| $194K | 0.05% |
+6,476
| New | +$227K |
|
254
Primerica
PRI
$10B
| $193K | 0.05% |
1,613
-1,038
| -39% | -$129K |
|
255
Sunstone Hotel Investors
SHO
$2.06B
| $190K | 0.05% |
13,852
-32,773
| -70% | -$464K |
|
|
SNBR
256
DELISTED
Sleep Number
SNBR
| $190K | 0.05% |
+4,695
| New | +$181K |
|
257
Nexstar Media Group
NXST
$5.92B
| $189K | 0.05% |
+1,874
| New | +$201K |
|
|
WCC
258
WESCO International
WCC
$17.7B
| $188K | 0.05% |
3,714
-26,122
| -88% | -$1.37M |
|
259
Arrowhead Research
ARWR
$12.4B
| $186K | 0.04% |
+7,015
| New | +$154K |
|
260
Performance Food Group
PFGC
$18B
| $185K | 0.04% |
+4,615
| New | +$185K |
|
|
EVRI
261
DELISTED
Everi Holdings
EVRI
| $183K | 0.04% |
+15,315
| New | +$166K |
|
262
Asbury Automotive
ABG
$3.85B
| $182K | 0.04% |
+2,154
| New | +$168K |
|
|
AMWD
263
DELISTED
American Woodmark
AMWD
| $182K | 0.04% |
+2,150
| New | +$181K |
|
264
Piper Sandler
PIPR
$5.29B
| $181K | 0.04% |
9,760
+1,476
| +18% | +$27.9K |
|
|
HOUS
265
DELISTED
Anywhere Real Estate
HOUS
| $180K | 0.04% |
24,888
+9,325
| +60% | +$86.8K |
|
|
TGNA
266
DELISTED
TEGNA Inc
TGNA
| $179K | 0.04% |
11,841
-8,629
| -42% | -$133K |
|
|
AMED
267
DELISTED
Amedisys
AMED
| $178K | 0.04% |
1,467
-14,508
| -91% | -$1.72M |
|
|
WIRE
268
DELISTED
Encore Wire Corp
WIRE
| $176K | 0.04% |
3,007
-514
| -15% | -$28.7K |
|
|
GLDD
269
DELISTED
Great Lakes Dredge & Dock
GLDD
| $174K | 0.04% |
+15,730
| New | +$162K |
|
270
Pacira BioSciences
PCRX
$997M
| $174K | 0.04% |
+4,010
| New | +$170K |
|
271
First Bancorp
FBP
$4.38B
| $172K | 0.04% |
15,588
-21,417
| -58% | -$230K |
|
|
USCR
272
DELISTED
U S Concrete, Inc.
USCR
| $171K | 0.04% |
+3,451
| New | +$161K |
|
273
Wabash National
WNC
$527M
| $170K | 0.04% |
+10,439
| New | +$154K |
|
274
Myers Industries
MYE
$1.29B
| $169K | 0.04% |
+8,777
| New | +$158K |
|
275
Patterson-UTI
PTEN
$3.76B
| $165K | 0.04% |
+14,310
| New | +$184K |
|
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Convergence Investment Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.
- Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
- Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
- Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
- Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
- Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.
Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.