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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
+2.92%
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
$359M
AUM Growth
-$54.9M
(-13%)
Cap. Flow
-$60.4M
Cap. Flow
% of AUM
-16.81%
Top 10 Holdings %
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$2.55M |
| 2 |
IPG
Interpublic Group of Companies
IPG
|
+$2.43M |
| 3 |
Duke Energy
DUK
|
+$2.37M |
| 4 |
AT&T
T
|
+$2.36M |
| 5 |
Medtronic
MDT
|
+$2.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$4.68M |
| 2 |
Verizon
VZ
|
+$3.21M |
| 3 |
Comcast
CMCSA
|
+$3.15M |
| 4 |
AvalonBay Communities
AVB
|
+$2.59M |
| 5 |
Union Pacific
UNP
|
+$2.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.97% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 12.46% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Staples | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
John B. Sanfilippo & Son
JBSS
$972M
| $120K | 0.03% |
+1,240
| New | +$108K |
|
277
Myers Industries
MYE
$1.29B
| $120K | 0.03% |
6,782
-1,995
| -23% | -$34.1K |
|
|
SNBR
278
DELISTED
Sleep Number
SNBR
| $120K | 0.03% |
2,900
-1,795
| -38% | -$76.9K |
|
279
Perdoceo Education
PRDO
$2.12B
| $119K | 0.03% |
7,515
-4,281
| -36% | -$84K |
|
280
Innospec
IOSP
$2.28B
| $118K | 0.03% |
+1,322
| New | +$119K |
|
281
Avis
CAR
$5.02B
| $117K | 0.03% |
4,129
+364
| +10% | +$11.2K |
|
282
Flowers Foods
FLO
$1.57B
| $116K | 0.03% |
4,997
-1,558
| -24% | -$36.1K |
|
283
Enova International
ENVA
$6.29B
| $112K | 0.03% |
5,379
-344
| -6% | -$8.13K |
|
284
Ethan Allen Interiors
ETD
$603M
| $112K | 0.03% |
5,887
-364
| -6% | -$6.93K |
|
285
Stepan Co
SCL
$1.48B
| $112K | 0.03% |
+1,159
| New | +$110K |
|
286
DHT Holdings
DHT
$3.02B
| $98K | 0.03% |
+16,014
| New | +$92.1K |
|
287
e.l.f. Beauty
ELF
$5.81B
| $98K | 0.03% |
+5,604
| New | +$93.5K |
|
288
1-800-Flowers.com
FLWS
$258M
| $97K | 0.03% |
6,530
-3,866
| -37% | -$66.9K |
|
289
Voyager Therapeutics
VYGR
$201M
| $92K | 0.03% |
5,337
+1,387
| +35% | +$29.1K |
|
290
Dorian LPG
LPG
$1.96B
| $80K | 0.02% |
+7,675
| New | +$75.1K |
|
291
Rambus
RMBS
$11B
| $76K | 0.02% |
+5,812
| New | +$72.9K |
|
292
Patterson-UTI
PTEN
$3.76B
| $75K | 0.02% |
8,763
-5,547
| -39% | -$54.4K |
|
|
AKS
293
DELISTED
AK Steel Holding Corp
AKS
| $25K | 0.01% |
11,059
| – | – |
|
294
Nabors Industries
NBR
$1.21B
| $19K | 0.01% |
+204
| New | +$22.9K |
|
295
Aflac
AFL
$62.6B
| – | – |
-3,715
| Closed | -$204K |
|
296
AGCO
AGCO
$7.2B
| – | – |
-17,536
| Closed | -$1.36M |
|
297
Allegion
ALLE
$14.4B
| – | – |
-8,409
| Closed | -$930K |
|
298
AMC Global Media
AMCX
$489M
| – | – |
-34,623
| Closed | -$1.89M |
|
|
AMED
299
DELISTED
Amedisys
AMED
| – | – |
-1,467
| Closed | -$178K |
|
|
AMWD
300
DELISTED
American Woodmark
AMWD
| – | – |
-2,150
| Closed | -$182K |
|
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Convergence Investment Partners's Q3 2019 Portfolio in Review
As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.
- Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
- Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
- Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
- Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
- Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
- Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
- Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.
Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.