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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
+1.15%
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
$186M
AUM Growth
-$46.3M
(-20%)
Cap. Flow
-$46.6M
Cap. Flow
% of AUM
-25.01%
Top 10 Holdings %
Top 10 Hldgs %
18.86%
Holding
277
New
31
Increased
44
Reduced
148
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRG Energy
NRG
|
+$1.33M |
| 2 |
MDU Resources
MDU
|
+$1.13M |
| 3 |
BDN
Brandywine Realty Trust
BDN
|
+$1.1M |
| 4 |
Coca-Cola
KO
|
+$1.05M |
| 5 |
Autodesk
ADSK
|
+$480K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cisco
CSCO
|
+$1.67M |
| 2 |
Best Buy
BBY
|
+$1.67M |
| 3 |
United Parcel Service
UPS
|
+$1.59M |
| 4 |
Medifast
MED
|
+$1.46M |
| 5 |
AES
AES
|
+$1.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.6% |
| 2 | Financials | 17.22% |
| 3 | Healthcare | 13.87% |
| 4 | Communication Services | 9.97% |
| 5 | Consumer Discretionary | 9.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Louisiana-Pacific
LPX
$5.49B
| – | – |
-2,904
| Closed | -$175K |
|
252
Mondelez International
MDLZ
$79.9B
| – | – |
-3,421
| Closed | -$214K |
|
|
253
Medifast
MED
$141M
| – | – |
-5,163
| Closed | -$1.46M |
|
254
Molina Healthcare
MOH
$10.3B
| – | – |
-1,016
| Closed | -$257K |
|
255
MasTec
MTZ
$21.9B
| – | – |
-1,799
| Closed | -$191K |
|
256
Nu Skin
NUS
$267M
| – | – |
-2,511
| Closed | -$142K |
|
|
ACH
257
Accendra Health
ACH
$214M
| – | – |
-6,797
| Closed | -$288K |
|
258
Old Republic International
ORI
$10.4B
| – | – |
-7,180
| Closed | -$179K |
|
259
Parker-Hannifin
PH
$135B
| – | – |
-1,024
| Closed | -$314K |
|
260
Pultegroup
PHM
$25.3B
| – | – |
-2,833
| Closed | -$155K |
|
261
Pentair
PNR
$11B
| – | – |
-3,196
| Closed | -$216K |
|
262
Pilgrim's Pride
PPC
$6.54B
| – | – |
-10,359
| Closed | -$230K |
|
263
Phillips 66
PSX
$81.4B
| – | – |
-2,446
| Closed | -$210K |
|
264
Robert Half
RHI
$4.37B
| – | – |
-2,042
| Closed | -$182K |
|
265
Roku
ROKU
$22.7B
| – | – |
-1,146
| Closed | -$526K |
|
266
Sanmina
SANM
$10.9B
| – | – |
-7,908
| Closed | -$308K |
|
267
SM Energy
SM
$6.87B
| – | – |
-11,432
| Closed | -$282K |
|
268
Southern Company
SO
$107B
| – | – |
-18,526
| Closed | -$1.12M |
|
269
Travelers Companies
TRV
$80.2B
| – | – |
-2,121
| Closed | -$318K |
|
270
Trade Desk
TTD
$6.49B
| – | – |
-11,662
| Closed | -$902K |
|
271
Upwork
UPWK
$1.19B
| – | – |
-2,163
| Closed | -$126K |
|
|
X
272
DELISTED
US Steel
X
| – | – |
-8,477
| Closed | -$203K |
|
273
Ziff Davis
ZD
$1.98B
| – | – |
-3,813
| Closed | -$456K |
|
|
BECN
274
DELISTED
Beacon Roofing Supply, Inc.
BECN
| – | – |
-3,498
| Closed | -$186K |
|
|
MRO
275
DELISTED
Marathon Oil Corporation
MRO
| – | – |
-20,615
| Closed | -$281K |
|
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Convergence Investment Partners's Q3 2021 Portfolio in Review
As of Q3 2021, Convergence Investment Partners held 277 positions worth $186M, down 20% from $233M the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Convergence Investment Partners withdrew a net $46.6M in Q3 2021, closing 53 positions and reducing 148 holdings. Its most notable exit was Best Buy, an estimated $1.67M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in NRG Energy worth $1.28M.
- Convergence Investment Partners's largest Q3 2021 buy was NRG Energy: 31,285 shares worth $1.28M.
- Convergence Investment Partners added most to MDU Resources in Q3 2021, an estimated $1.13M increase.
- Convergence Investment Partners's biggest Q3 2021 reduction was Cisco, cutting an estimated $1.67M.
- Convergence Investment Partners fully exited Best Buy in Q3 2021, selling an estimated $1.67M.
- Convergence Investment Partners's ten largest holdings make up 19% of its $186M portfolio in Q3 2021.
- Convergence Investment Partners opened 31 new positions and closed 53 in Q3 2021.
- Convergence Investment Partners's portfolio value fell 20% quarter-over-quarter to $186M.
Based on Convergence Investment Partners's 13F filing for Q3 2021, filed 25 Oct 2021.