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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
+1.19%
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
$727M
AUM Growth
-$114M
(-14%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Community Health Systems
CYH
|
+$5.1M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$5.07M |
| 3 |
ON Semiconductor
ON
|
+$4.6M |
| 4 |
Zions Bancorporation
ZION
|
+$4.4M |
| 5 |
PDM
Piedmont Realty Trust
PDM
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$7.52M |
| 2 |
Coty
COTY
|
+$5.41M |
| 3 |
ONE Gas
OGS
|
+$5.34M |
| 4 |
Honeywell
HON
|
+$5.3M |
| 5 |
MENT
Mentor Graphics Corp
MENT
|
+$5.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.69% |
| 2 | Technology | 13.71% |
| 3 | Industrials | 12.3% |
| 4 | Healthcare | 11.84% |
| 5 | Consumer Staples | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Berkshire Hathaway Class B
BRK.B
$1.13T
| $590K | 0.08% |
4,077
-168
| -4% | -$24K |
|
277
Group 1 Automotive
GPI
$3.23B
| $573K | 0.08% |
+11,613
| New | +$680K |
|
278
PVH
PVH
$3.99B
| $554K | 0.08% |
+5,882
| New | +$553K |
|
|
ACOR
279
DELISTED
Acorda Therapeutics
ACOR
| $514K | 0.07% |
+168
| New | +$546K |
|
280
Alphabet (Google) Class A
GOOGL
$4.38T
| $505K | 0.07% |
14,360
-3,120
| -18% | -$115K |
|
281
GameStop
GME
$8.63B
| $503K | 0.07% |
75,740
-1,568
| -2% | -$11.5K |
|
282
Citigroup
C
$224B
| $474K | 0.07% |
11,178
+286
| +3% | +$12.6K |
|
|
NXTM
283
DELISTED
NxStage Medical Inc.
NXTM
| $448K | 0.06% |
+20,670
| New | +$369K |
|
|
SDRL
284
DELISTED
Seadrill Limited Common Stock
SDRL
| $447K | 0.06% |
+515
| New | +$490K |
|
|
TCF
285
DELISTED
TCF Financial Corporation
TCF
| $437K | 0.06% |
+34,520
| New | +$456K |
|
286
Amazon
AMZN
$2.94T
| $432K | 0.06% |
12,060
-118,840
| -91% | -$4.02M |
|
287
Bloomin' Brands
BLMN
$931M
| $387K | 0.05% |
+21,636
| New | +$401K |
|
|
288
Bank of America
BAC
$441B
| $374K | 0.05% |
28,212
-535,085
| -95% | -$7.52M |
|
289
UnitedHealth
UNH
$367B
| $365K | 0.05% |
2,582
-59
| -2% | -$7.87K |
|
|
PDLI
290
DELISTED
PDL BioPharma, Inc.
PDLI
| $339K | 0.05% |
+107,980
| New | +$360K |
|
291
PepsiCo
PEP
$189B
| $337K | 0.05% |
3,184
-54
| -2% | -$5.57K |
|
|
292
Alphabet (Google) Class C
GOOG
$4.36T
| $336K | 0.05% |
9,720
-3,660
| -27% | -$131K |
|
293
AMC Entertainment Holdings
AMC
$2.29B
| $334K | 0.05% |
1,208
-500
| -29% | -$140K |
|
294
Coca-Cola
KO
$374B
| $317K | 0.04% |
7,003
-20,782
| -75% | -$939K |
|
295
Comcast
CMCSA
$89.3B
| $304K | 0.04% |
9,312
-133,170
| -93% | -$4.14M |
|
296
UGI
UGI
$7.35B
| $266K | 0.04% |
5,883
-77,699
| -93% | -$3.27M |
|
297
CVS Health
CVS
$123B
| $265K | 0.04% |
2,767
-24
| -0.9% | -$2.39K |
|
298
Costco
COST
$421B
| $246K | 0.03% |
1,565
-6
| -0.4% | -$909 |
|
|
LSI
299
DELISTED
Life Storage, Inc.
LSI
| $235K | 0.03% |
3,365
-12,925
| -79% | -$939K |
|
|
Y
300
DELISTED
Alleghany Corp
Y
| $231K | 0.03% |
420
-2,180
| -84% | -$1.14M |
|
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Convergence Investment Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.
- Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
- Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
- Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
- Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
- Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.
Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.