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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
+9.54%
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
$287M
AUM Growth
-$3.42M
Cap. Flow
-$16.8M
Cap. Flow %
-5.84%
Top 10 Hldgs %
17.3%
Holding
280
New
70
Increased
46
Reduced
113
Closed
51

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$2.29M
2
TXN icon
Texas Instruments
TXN
+$2.17M
3
BNY
Bank of New York Mellon
BNY
+$1.96M
4
MAA icon
Mid-America Apartment Communities
MAA
+$1.61M
5
FITB
Fifth Third Bancorp
FITB
+$1.53M

Top Sells

Rank Stock Value
1
COR icon
Cencora
COR
+$2.77M
2
GS icon
Goldman Sachs
GS
+$1.9M
3
QCOM icon
Qualcomm
QCOM
+$1.68M
4
AAPL icon
Apple
AAPL
+$1.59M
5
NVDA icon
NVIDIA
NVDA
+$1.58M

Sector Composition

Rank Sector Weight
1 Technology 20.41%
2 Healthcare 14.87%
3 Financials 14.21%
4 Consumer Discretionary 11.47%
5 Industrials 9.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INGR icon
251
Ingredion
INGR
$6.53B
– –
-11,765
Closed -$976K
IRBT
252
DELISTED
iRobot
IRBT
– –
-9,208
Closed -$773K
K
253
DELISTED
Kellanova
K
– –
-17,150
Closed -$1.06M
KEY icon
254
KeyCorp
KEY
$24.3B
– –
-24,420
Closed -$297K
LAMR icon
255
Lamar Advertising Co
LAMR
$15.7B
– –
-20,304
Closed -$1.36M
LEN icon
256
Lennar Class A
LEN
$20.6B
– –
-12,194
Closed -$727K
MEDP icon
257
Medpace
MEDP
$16.8B
– –
-5,611
Closed -$522K
MTB icon
258
M&T Bank
MTB
$36.3B
– –
-5,533
Closed -$575K
NWL icon
259
Newell Brands
NWL
$2.51B
– –
-44,506
Closed -$707K
OMC icon
260
Omnicom Group
OMC
$23.2B
– –
-20,756
Closed -$1.13M
ORI icon
261
Old Republic International
ORI
$10.3B
– –
-44,919
Closed -$733K
PBH icon
262
Prestige Consumer Healthcare
PBH
$2.51B
– –
-24,409
Closed -$917K
PCH
263
DELISTED
PotlatchDeltic
PCH
– –
-19,445
Closed -$739K
PM icon
264
Philip Morris
PM
$290B
– –
-16,044
Closed -$1.12M
PNC icon
265
PNC Financial Services
PNC
$100B
– –
-6,360
Closed -$669K
RF icon
266
Regions Financial
RF
$26.8B
– –
-51,641
Closed -$574K
RS icon
267
Reliance Steel & Aluminium
RS
$21.9B
– –
-8,552
Closed -$812K
SLGN icon
268
Silgan Holdings
SLGN
$4.35B
– –
-22,606
Closed -$732K
TDY icon
269
Teledyne Technologies
TDY
$32B
– –
-2,427
Closed -$755K
TMUS icon
270
T-Mobile US
TMUS
$191B
– –
-2,826
Closed -$294K
VTRS icon
271
Viatris
VTRS
$18.7B
– –
-62,551
Closed -$1.01M
WERN icon
272
Werner Enterprises
WERN
$2.2B
– –
-15,088
Closed -$657K
WGO icon
273
Winnebago Industries
WGO
$906M
– –
-9,940
Closed -$662K
WW
274
DELISTED
WW International
WW
– –
-27,594
Closed -$700K
YELP icon
275
Yelp
YELP
$1.35B
– –
-34,248
Closed -$792K
8 9 10
11
12

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NRG
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LAM
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BGIM
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Convergence Investment Partners's Q3 2020 Portfolio in Review

As of Q3 2020, Convergence Investment Partners held 280 positions worth $287M, down 1.2% from $291M the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Convergence Investment Partners withdrew a net $16.8M in Q3 2020, closing 51 positions and reducing 113 holdings. Its most notable exit was Goldman Sachs, an estimated $1.9M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Bank of New York Mellon worth $1.85M.

  • Convergence Investment Partners's largest Q3 2020 buy was Bank of New York Mellon: 53,779 shares worth $1.85M.
  • Convergence Investment Partners added most to Pfizer in Q3 2020, an estimated $2.29M increase.
  • Convergence Investment Partners's biggest Q3 2020 reduction was Cencora, cutting an estimated $2.77M.
  • Convergence Investment Partners fully exited Goldman Sachs in Q3 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 17% of its $287M portfolio in Q3 2020.
  • Convergence Investment Partners opened 70 new positions and closed 51 in Q3 2020.
  • Convergence Investment Partners's portfolio value fell 1.2% quarter-over-quarter to $287M.

Based on Convergence Investment Partners's 13F filing for Q3 2020, filed 28 Oct 2020.