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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
+9.38%
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
$352M
AUM Growth
-$7.27M
Cap. Flow
-$33.5M
Cap. Flow %
-9.51%
Top 10 Hldgs %
17.35%
Holding
345
New
51
Increased
46
Reduced
123
Closed
123

Top Buys

Rank Stock Value
1
TNL icon
Travel + Leisure Co
TNL
+$2.66M
2
GIS icon
General Mills
GIS
+$2.22M
3
WHR icon
Whirlpool
WHR
+$2.13M
4
LYB icon
LyondellBasell Industries
LYB
+$1.7M
5
META icon
Meta Platforms (Facebook)
META
+$1.62M

Top Sells

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$2.48M
2
GRMN
Garmin
GRMN
+$2.2M
3
PDM
Piedmont Realty Trust
PDM
+$1.9M
4
IPG
Interpublic Group of Companies
IPG
+$1.55M
5
MANH icon
Manhattan Associates
MANH
+$1.55M

Sector Composition

Rank Sector Weight
1 Financials 17.41%
2 Technology 16.67%
3 Healthcare 13.01%
4 Consumer Discretionary 9.23%
5 Industrials 9.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELF icon
251
e.l.f. Beauty
ELF
$5.81B
– –
-5,604
Closed -$98K
ENVA icon
252
Enova International
ENVA
$6.29B
– –
-5,379
Closed -$112K
ESNT icon
253
Essent Group
ESNT
$6.33B
– –
-3,813
Closed -$182K
ETD icon
254
Ethan Allen Interiors
ETD
$603M
– –
-5,887
Closed -$112K
EVRI
255
DELISTED
Everi Holdings
EVRI
– –
-16,409
Closed -$139K
EXPD icon
256
Expeditors International
EXPD
$23.2B
– –
-10,844
Closed -$806K
KYNB
257
Kyntra Bio
KYNB
$29.4M
– –
-148
Closed -$137K
FHN icon
258
First Horizon
FHN
$12.1B
– –
-46,407
Closed -$752K
FLO icon
259
Flowers Foods
FLO
$1.57B
– –
-4,997
Closed -$116K
FLWS icon
260
1-800-Flowers.com
FLWS
$258M
– –
-6,530
Closed -$97K
FNB icon
261
FNB Corp
FNB
$6.75B
– –
-11,444
Closed -$132K
FSS icon
262
Federal Signal
FSS
$7.83B
– –
-30,420
Closed -$996K
GEN icon
263
Gen Digital
GEN
$17.5B
– –
-42,559
Closed -$1.01M
GLDD
264
DELISTED
Great Lakes Dredge & Dock
GLDD
– –
-15,041
Closed -$157K
GNTX icon
265
Gentex
GNTX
$5.07B
– –
-23,392
Closed -$644K
GRMN
266
Garmin
GRMN
$60B
– –
-26,005
Closed -$2.2M
H icon
267
Hyatt Hotels
H
$16.7B
– –
-12,928
Closed -$952K
HE icon
268
Hawaiian Electric Industries
HE
$2.14B
– –
-5,829
Closed -$266K
HQY icon
269
HealthEquity
HQY
$8.75B
– –
-3,295
Closed -$188K
HTH icon
270
Hilltop Holdings
HTH
$2.24B
– –
-32,955
Closed -$787K
INVA icon
271
Innoviva
INVA
$1.48B
– –
-11,451
Closed -$121K
INVH icon
272
Invitation Homes
INVH
$18B
– –
-32,352
Closed -$958K
JBSS icon
273
John B. Sanfilippo & Son
JBSS
$972M
– –
-1,240
Closed -$120K
KELYA icon
274
Kelly Services Class A
KELYA
$528M
– –
-7,233
Closed -$175K
LAD icon
275
Lithia Motors
LAD
$8.26B
– –
-984
Closed -$130K
9 10
11
12 13

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LAM
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Convergence Investment Partners's Q4 2019 Portfolio in Review

As of Q4 2019, Convergence Investment Partners held 345 positions worth $352M, down 2% from $359M the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Convergence Investment Partners withdrew a net $33.5M in Q4 2019, closing 123 positions and reducing 123 holdings. Its most notable exit was Garmin, an estimated $2.2M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Travel + Leisure Co worth $2.88M.

  • Convergence Investment Partners's largest Q4 2019 buy was Travel + Leisure Co: 55,656 shares worth $2.88M.
  • Convergence Investment Partners added most to Meta Platforms (Facebook) in Q4 2019, an estimated $1.62M increase.
  • Convergence Investment Partners's biggest Q4 2019 reduction was Starbucks, cutting an estimated $2.48M.
  • Convergence Investment Partners fully exited Garmin in Q4 2019, selling an estimated $2.2M.
  • Convergence Investment Partners's ten largest holdings make up 17% of its $352M portfolio in Q4 2019.
  • Convergence Investment Partners opened 51 new positions and closed 123 in Q4 2019.
  • Convergence Investment Partners's portfolio value fell 2% quarter-over-quarter to $352M.

Based on Convergence Investment Partners's 13F filing for Q4 2019, filed 22 Jan 2020.