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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
+4.96%
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
$414M
AUM Growth
-$44.2M
(-9.7%)
Cap. Flow
-$55.4M
Cap. Flow
% of AUM
-13.39%
Top 10 Holdings %
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$2.43M |
| 2 |
Intuit
INTU
|
+$2.21M |
| 3 |
Cadence Design Systems
CDNS
|
+$2.05M |
| 4 |
Sinclair Inc
SBGI
|
+$2.01M |
| 5 |
Delek US
DK
|
+$1.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$3.95M |
| 2 |
JPMorgan Chase
JPM
|
+$3.64M |
| 3 |
Walt Disney
DIS
|
+$3.14M |
| 4 |
Pfizer
PFE
|
+$2.63M |
| 5 |
Microsoft
MSFT
|
+$2.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.46% |
| 2 | Financials | 16.39% |
| 3 | Healthcare | 13.02% |
| 4 | Industrials | 11% |
| 5 | Consumer Discretionary | 8.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
ANI Pharmaceuticals
ANIP
$1.78B
| $164K | 0.04% |
+2,000
| New | +$142K |
|
277
AdvanSix
ASIX
$444M
| $162K | 0.04% |
+6,622
| New | +$186K |
|
|
ARCH
278
DELISTED
Arch Resources, Inc.
ARCH
| $155K | 0.04% |
1,649
-13,225
| -89% | -$1.21M |
|
279
Flowers Foods
FLO
$1.57B
| $153K | 0.04% |
6,555
-1,539
| -19% | -$34.1K |
|
280
Veracyte
VCYT
$3.8B
| $149K | 0.04% |
+5,223
| New | +$130K |
|
281
Insight Enterprises
NSIT
$4.51B
| $146K | 0.04% |
2,502
-1,772
| -41% | -$98.8K |
|
282
Gentherm
THRM
$1.27B
| $146K | 0.04% |
+3,490
| New | +$140K |
|
283
Fox Factory Holding Corp
FOXF
$886M
| $145K | 0.04% |
+1,762
| New | +$131K |
|
284
Yeti Holdings
YETI
$3.95B
| $145K | 0.04% |
+5,015
| New | +$144K |
|
285
Avis
CAR
$5.02B
| $132K | 0.03% |
+3,765
| New | +$126K |
|
286
Enova International
ENVA
$6.29B
| $132K | 0.03% |
+5,723
| New | +$137K |
|
287
Ethan Allen Interiors
ETD
$603M
| $132K | 0.03% |
6,251
-1,528
| -20% | -$32.1K |
|
|
BRSS
288
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $125K | 0.03% |
2,856
-7,008
| -71% | -$298K |
|
|
ECHO
289
DELISTED
Echo Global Logistics, Inc.
ECHO
| $119K | 0.03% |
+5,686
| New | +$126K |
|
|
ECHO
290
EchoStar
ECHO
$26.2B
| $116K | 0.03% |
+3,243
| New | +$108K |
|
291
Voyager Therapeutics
VYGR
$198M
| $108K | 0.03% |
+3,950
| New | +$90.4K |
|
|
BRY
292
DELISTED
Berry Corp
BRY
| $106K | 0.03% |
+10,006
| New | +$113K |
|
293
OneMain Financial
OMF
$7.47B
| $106K | 0.03% |
3,125
-3,456
| -53% | -$113K |
|
294
Medifast
MED
$141M
| $105K | 0.03% |
+820
| New | +$114K |
|
|
AKS
295
DELISTED
AK Steel Holding Corp
AKS
| $26K | 0.01% |
11,059
| – | – |
|
|
JCP
296
DELISTED
J.C. Penney Company, Inc.
JCP
| $16K | ﹤0.01% |
14,038
| – | – |
|
297
Advance Auto Parts
AAP
$3.49B
| – | – |
-10,681
| Closed | -$1.82M |
|
298
ABM Industries
ABM
$2.84B
| – | – |
-33,064
| Closed | -$1.2M |
|
299
Federal Agricultural Mortgage
AGM
$2.56B
| – | – |
-2,427
| Closed | -$176K |
|
300
Allison Transmission
ALSN
$9.82B
| – | – |
-26,420
| Closed | -$1.19M |
|
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Convergence Investment Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.
- Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
- Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
- Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
- Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
- Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.
Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.