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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
+4.24%
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
$720M
AUM Growth
-$26.9M
(-3.6%)
Cap. Flow
-$44.5M
Cap. Flow
% of AUM
-6.17%
Top 10 Holdings %
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$4.58M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$4.34M |
| 3 |
Merck
MRK
|
+$4.27M |
| 4 |
Citigroup
C
|
+$3.83M |
| 5 |
State Street
STT
|
+$3.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$7.97M |
| 2 |
Morgan Stanley
MS
|
+$6.89M |
| 3 |
Phillips 66
PSX
|
+$5.71M |
| 4 |
HP
HPQ
|
+$5.4M |
| 5 |
JPMorgan Chase
JPM
|
+$4.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.77% |
| 2 | Financials | 14.29% |
| 3 | Healthcare | 12.04% |
| 4 | Industrials | 11.67% |
| 5 | Consumer Discretionary | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Seagate
STX
$184B
| $820K | 0.11% |
15,751
+1,114
| +8% | +$66.2K |
|
277
Enphase Energy
ENPH
$5.53B
| $818K | 0.11% |
+62,025
| New | +$802K |
|
278
Terex
TEX
$7.74B
| $812K | 0.11% |
+30,552
| New | +$772K |
|
279
Strategic Education
STRA
$1.92B
| $809K | 0.11% |
15,148
+8,508
| +128% | +$547K |
|
280
Lumen
LUMN
$6.44B
| $804K | 0.11% |
23,257
+1,450
| +7% | +$54.1K |
|
281
Ocular Therapeutix
OCUL
$2.02B
| $802K | 0.11% |
+19,100
| New | +$628K |
|
282
Jack in the Box
JACK
$335M
| $801K | 0.11% |
+8,350
| New | +$757K |
|
283
Pacira BioSciences
PCRX
$997M
| $794K | 0.11% |
8,940
-14,592
| -62% | -$1.48M |
|
284
Stanley Black & Decker
SWK
$15.7B
| $789K | 0.11% |
+8,273
| New | +$792K |
|
|
WGL
285
DELISTED
Wgl Holdings
WGL
| $788K | 0.11% |
+13,965
| New | +$768K |
|
286
Parker-Hannifin
PH
$135B
| $786K | 0.11% |
6,613
-168
| -2% | -$20.4K |
|
287
Usana Health Sciences
USNA
$286M
| $786K | 0.11% |
+14,146
| New | +$725K |
|
|
DNR
288
DELISTED
Denbury Resources, Inc.
DNR
| $784K | 0.11% |
+107,508
| New | +$833K |
|
289
Silicon Laboratories
SLAB
$7.23B
| $783K | 0.11% |
+15,414
| New | +$748K |
|
|
RGC
290
DELISTED
Regal Entertainment Group
RGC
| $768K | 0.11% |
+33,645
| New | +$745K |
|
291
KeyCorp
KEY
$24.4B
| $758K | 0.11% |
+53,516
| New | +$735K |
|
292
TriNet
TNET
$3.14B
| $755K | 0.1% |
21,431
-22,253
| -51% | -$766K |
|
293
Huntington Bancshares
HBAN
$35.5B
| $735K | 0.1% |
+66,482
| New | +$702K |
|
|
SPR
294
DELISTED
Spirit AeroSystems
SPR
| $726K | 0.1% |
+13,909
| New | +$665K |
|
|
DTSI
295
DELISTED
DTS, Inc.
DTSI
| $724K | 0.1% |
+21,258
| New | +$651K |
|
296
Healthcare Services Group
HCSG
$1.53B
| $721K | 0.1% |
+22,446
| New | +$725K |
|
|
NE
297
DELISTED
Noble Corporation
NE
| $704K | 0.1% |
49,325
+3,717
| +8% | +$60.3K |
|
|
RYL
298
DELISTED
RYLAND GROUP INC
RYL
| $685K | 0.1% |
+14,044
| New | +$601K |
|
299
Freeport-McMoran
FCX
$97.5B
| $674K | 0.09% |
35,574
-20,059
| -36% | -$397K |
|
|
TUP
300
DELISTED
Tupperware Brands Corporation
TUP
| $645K | 0.09% |
9,351
+693
| +8% | +$46.8K |
|
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Convergence Investment Partners's Q1 2015 Portfolio in Review
As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.
- Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
- Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
- Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
- Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
- Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
- Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
- Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.
Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.