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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
+21.21%
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
$291M
AUM Growth
+$62.3M
Cap. Flow
+$23.7M
Cap. Flow %
8.14%
Top 10 Hldgs %
17.8%
Holding
267
New
61
Increased
112
Reduced
37
Closed
57

Top Buys

Rank Stock Value
1
MMM icon
3M
MMM
+$2.11M
2
CAT icon
Caterpillar
CAT
+$2.08M
3
EQR icon
Equity Residential
EQR
+$1.9M
4
MCD icon
McDonald's
MCD
+$1.88M
5
USB icon
US Bancorp
USB
+$1.82M

Top Sells

Rank Stock Value
1
ETN icon
Eaton
ETN
+$2.08M
2
PFE icon
Pfizer
PFE
+$1.95M
3
RTX icon
RTX Corp
RTX
+$1.33M
4
GM icon
General Motors
GM
+$1.28M
5
CFG icon
Citizens Financial Group
CFG
+$1.17M

Sector Composition

Rank Sector Weight
1 Technology 19.8%
2 Healthcare 15.57%
3 Financials 14.35%
4 Consumer Discretionary 10.21%
5 Consumer Staples 8.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SYF icon
251
Synchrony
SYF
$25.6B
– –
-39,571
Closed -$637K
THO icon
252
Thor Industries
THO
$4.14B
– –
-8,013
Closed -$338K
TRU icon
253
TransUnion
TRU
$15.3B
– –
-5,668
Closed -$375K
VNO icon
254
Vornado Realty Trust
VNO
$7.38B
– –
-15,081
Closed -$546K
WEN icon
255
Wendy's
WEN
$1.46B
– –
-28,266
Closed -$421K
WM icon
256
Waste Management
WM
$91B
– –
-4,943
Closed -$458K
EQC
257
DELISTED
Equity Commonwealth
EQC
– –
-15,018
Closed -$476K
SUM
258
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
– –
-35,412
Closed -$522K
MRO
259
DELISTED
Marathon Oil Corporation
MRO
– –
-10,108
Closed -$33K
SRCL
260
DELISTED
Stericycle Inc
SRCL
– –
-9,403
Closed -$457K
AEL
261
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-30,009
Closed -$564K
AQUA
262
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
– –
-44,615
Closed -$500K
STOR
263
DELISTED
STORE Capital Corporation
STOR
– –
-29,112
Closed -$528K
DISCK
264
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
– –
-32,578
Closed -$571K
MINI
265
DELISTED
Mobile Mini Inc
MINI
– –
-14,440
Closed -$379K
RTN
266
DELISTED
Raytheon Company
RTN
– –
-3,872
Closed -$508K
DISH
267
DELISTED
DISH Network Corp.
DISH
– –
-28,162
Closed -$563K
7 8 9 10
11

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Convergence Investment Partners's Q2 2020 Portfolio in Review

As of Q2 2020, Convergence Investment Partners held 267 positions worth $291M, up 27% from $229M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Convergence Investment Partners deployed $23.7M of net new capital in Q2 2020, opening 61 new positions and adding to 112 existing holdings. Its largest new stake was 3M: 16,726 shares worth $2.18M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Pfizer, an estimated $1.95M trimmed.

  • Convergence Investment Partners's largest Q2 2020 buy was 3M: 16,726 shares worth $2.18M.
  • Convergence Investment Partners added most to McDonald's in Q2 2020, an estimated $1.88M increase.
  • Convergence Investment Partners's biggest Q2 2020 reduction was Pfizer, cutting an estimated $1.95M.
  • Convergence Investment Partners fully exited Eaton in Q2 2020, selling an estimated $2.08M.
  • Convergence Investment Partners's ten largest holdings make up 18% of its $291M portfolio in Q2 2020.
  • Convergence Investment Partners opened 61 new positions and closed 57 in Q2 2020.
  • Convergence Investment Partners's portfolio value rose 27% quarter-over-quarter to $291M.

Based on Convergence Investment Partners's 13F filing for Q2 2020, filed 30 Jul 2020.