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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
+15.9%
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
$199M
AUM Growth
-$88.9M
(-31%)
Cap. Flow
-$116M
Cap. Flow
% of AUM
-58.64%
Top 10 Holdings %
Top 10 Hldgs %
20.28%
Holding
292
New
63
Increased
46
Reduced
118
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$1.96M |
| 2 |
KeyCorp
KEY
|
+$1.5M |
| 3 |
United Parcel Service
UPS
|
+$1.44M |
| 4 |
BorgWarner
BWA
|
+$1.03M |
| 5 |
Synchrony
SYF
|
+$1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$2M |
| 2 |
US Bancorp
USB
|
+$1.83M |
| 3 |
Lowe's Companies
LOW
|
+$1.74M |
| 4 |
AbbVie
ABBV
|
+$1.74M |
| 5 |
Marathon Petroleum
MPC
|
+$1.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.58% |
| 2 | Financials | 16.95% |
| 3 | Healthcare | 12.33% |
| 4 | Consumer Discretionary | 11.23% |
| 5 | Communication Services | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Halliburton
HAL
$28B
| – | – |
-43,310
| Closed | -$522K |
|
252
Hewlett Packard
HPE
$73.5B
| – | – |
-82,766
| Closed | -$776K |
|
253
Jack in the Box
JACK
$339M
| – | – |
-6,136
| Closed | -$487K |
|
254
JB Hunt Transport Services
JBHT
$25.1B
| – | – |
-5,304
| Closed | -$670K |
|
255
Jones Lang LaSalle
JLL
$16.5B
| – | – |
-6,010
| Closed | -$575K |
|
256
Kroger
KR
$34.6B
| – | – |
-31,941
| Closed | -$1.08M |
|
257
Louisiana-Pacific
LPX
$5.21B
| – | – |
-19,828
| Closed | -$585K |
|
258
LyondellBasell Industries
LYB
$20.1B
| – | – |
-18,604
| Closed | -$1.31M |
|
259
ManpowerGroup
MAN
$2.61B
| – | – |
-10,902
| Closed | -$799K |
|
260
Moody's
MCO
$82.8B
| – | – |
-3,327
| Closed | -$964K |
|
261
MarketAxess Holdings
MKTX
$5.72B
| – | – |
-2,385
| Closed | -$1.15M |
|
262
The Mosaic Company
MOS
$7.4B
| – | – |
-17,438
| Closed | -$319K |
|
|
263
Marathon Petroleum
MPC
$89B
| – | – |
-58,336
| Closed | -$1.71M |
|
264
Meritage Homes
MTH
$4.68B
| – | – |
-12,652
| Closed | -$698K |
|
265
ServiceNow
NOW
$132B
| – | – |
-8,045
| Closed | -$780K |
|
266
Old Dominion Freight Line
ODFL
$44.3B
| – | – |
-8,056
| Closed | -$729K |
|
267
Principal Financial Group
PFG
$24.4B
| – | – |
-35,474
| Closed | -$1.43M |
|
268
Pultegroup
PHM
$24.6B
| – | – |
-14,801
| Closed | -$685K |
|
269
Polaris
PII
$4.01B
| – | – |
-3,933
| Closed | -$371K |
|
270
Peloton Interactive
PTON
$2.4B
| – | – |
-7,646
| Closed | -$759K |
|
271
Papa John's
PZZA
$770M
| – | – |
-5,840
| Closed | -$481K |
|
272
QuidelOrtho
QDEL
$920M
| – | – |
-6,129
| Closed | -$1.34M |
|
|
RDFN
273
DELISTED
Redfin
RDFN
| – | – |
-12,137
| Closed | -$606K |
|
|
SEE
274
DELISTED
Sealed Air
SEE
| – | – |
-17,220
| Closed | -$668K |
|
275
S&P Global
SPGI
$121B
| – | – |
-3,397
| Closed | -$1.23M |
|
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Convergence Investment Partners's Q4 2020 Portfolio in Review
As of Q4 2020, Convergence Investment Partners held 292 positions worth $199M, down 31% from $287M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $116M in Q4 2020, closing 65 positions and reducing 118 holdings. Its most notable exit was Marathon Petroleum, an estimated $1.71M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Goldman Sachs worth $2.33M.
- Convergence Investment Partners's largest Q4 2020 buy was Goldman Sachs: 8,825 shares worth $2.33M.
- Convergence Investment Partners added most to United Parcel Service in Q4 2020, an estimated $1.44M increase.
- Convergence Investment Partners's biggest Q4 2020 reduction was Gilead Sciences, cutting an estimated $2M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q4 2020, selling an estimated $1.71M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $199M portfolio in Q4 2020.
- Convergence Investment Partners opened 63 new positions and closed 65 in Q4 2020.
- Convergence Investment Partners's portfolio value fell 31% quarter-over-quarter to $199M.
Based on Convergence Investment Partners's 13F filing for Q4 2020, filed 5 Feb 2021.