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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
-20.74%
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
$229M
AUM Growth
-$123M
(-35%)
Cap. Flow
-$50.6M
Cap. Flow
% of AUM
-22.12%
Top 10 Holdings %
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street
STT
|
+$2.37M |
| 2 |
Goldman Sachs
GS
|
+$2.18M |
| 3 |
Marathon Petroleum
MPC
|
+$1.66M |
| 4 |
General Motors
GM
|
+$1.46M |
| 5 |
Citizens Financial Group
CFG
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$3.47M |
| 2 |
Pfizer
PFE
|
+$2.04M |
| 3 |
FITB
Fifth Third Bancorp
FITB
|
+$1.9M |
| 4 |
NextEra Energy
NEE
|
+$1.86M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.8% |
| 2 | Healthcare | 16.5% |
| 3 | Financials | 14.66% |
| 4 | Communication Services | 9.42% |
| 5 | Consumer Staples | 9.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
NewMarket
NEU
$8.37B
| – | – |
-1,803
| Closed | -$877K |
|
252
Owens Corning
OC
$12.2B
| – | – |
-16,570
| Closed | -$1.08M |
|
253
Pilgrim's Pride
PPC
$6.31B
| – | – |
-40,576
| Closed | -$1.33M |
|
254
Radian Group
RDN
$4.87B
| – | – |
-28,708
| Closed | -$722K |
|
255
Reinsurance Group of America
RGA
$15.8B
| – | – |
-5,576
| Closed | -$909K |
|
256
Starbucks
SBUX
$119B
| – | – |
-3,158
| Closed | -$278K |
|
|
SCS
257
DELISTED
Steelcase
SCS
| – | – |
-11,005
| Closed | -$225K |
|
258
Sunstone Hotel Investors
SHO
$2.01B
| – | – |
-62,058
| Closed | -$864K |
|
259
SLB Ltd
SLB
$78.9B
| – | – |
-37,395
| Closed | -$1.5M |
|
260
Simon Property Group
SPG
$71.5B
| – | – |
-6,008
| Closed | -$895K |
|
261
Sysco
SYY
$40.1B
| – | – |
-12,535
| Closed | -$1.07M |
|
262
Teradyne
TER
$57.1B
| – | – |
-18,200
| Closed | -$1.24M |
|
263
Truist Financial
TFC
$63.4B
| – | – |
-4,363
| Closed | -$246K |
|
264
Tenet Healthcare
THC
$20.9B
| – | – |
-34,698
| Closed | -$1.32M |
|
265
TJX Companies
TJX
$175B
| – | – |
-3,696
| Closed | -$226K |
|
266
Tyson Foods
TSN
$20.1B
| – | – |
-15,405
| Closed | -$1.4M |
|
267
Tetra Tech
TTEK
$8.97B
| – | – |
-42,610
| Closed | -$734K |
|
268
United Airlines
UAL
$40.2B
| – | – |
-11,047
| Closed | -$973K |
|
269
United Parcel Service
UPS
$89.1B
| – | – |
-1,976
| Closed | -$231K |
|
270
US Bancorp
USB
$100B
| – | – |
-4,733
| Closed | -$281K |
|
271
Warner Bros
WBD
$67.4B
| – | – |
-49,094
| Closed | -$1.61M |
|
272
W.R. Berkley
WRB
$26.3B
| – | – |
-33,316
| Closed | -$1.02M |
|
|
XHR
273
Xenia Hotels & Resorts
XHR
$1.74B
| – | – |
-39,423
| Closed | -$852K |
|
274
Zions Bancorporation
ZION
$10.3B
| – | – |
-15,213
| Closed | -$790K |
|
275
United Parks & Resorts
PRKS
$2.07B
| – | – |
-29,340
| Closed | -$930K |
|
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Convergence Investment Partners's Q1 2020 Portfolio in Review
As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.
- Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
- Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
- Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
- Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
- Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
- Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.
Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.