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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
-20.74%
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
$229M
AUM Growth
-$123M
Cap. Flow
-$50.6M
Cap. Flow %
-22.12%
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$2.37M
2
GS icon
Goldman Sachs
GS
+$2.18M
3
MPC icon
Marathon Petroleum
MPC
+$1.66M
4
GM icon
General Motors
GM
+$1.46M
5
CFG icon
Citizens Financial Group
CFG
+$1.26M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.47M
2
PFE icon
Pfizer
PFE
+$2.04M
3
FITB
Fifth Third Bancorp
FITB
+$1.9M
4
NEE icon
NextEra Energy
NEE
+$1.86M
5
DFS
Discover Financial Services
DFS
+$1.82M

Sector Composition

Rank Sector Weight
1 Technology 18.8%
2 Healthcare 16.5%
3 Financials 14.66%
4 Communication Services 9.42%
5 Consumer Staples 9.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LSI
276
DELISTED
Life Storage, Inc.
LSI
– –
-11,522
Closed -$832K
PSB
277
DELISTED
PS Business Parks, Inc.
PSB
– –
-4,930
Closed -$813K
CERN
278
DELISTED
Cerner Corp
CERN
– –
-15,595
Closed -$1.15M
WRI
279
DELISTED
Weingarten Realty Investors
WRI
– –
-26,421
Closed -$825K
CLGX
280
DELISTED
Corelogic, Inc.
CLGX
– –
-30,495
Closed -$1.33M
BMCH
281
DELISTED
BMC Stock Holdings, Inc
BMCH
– –
-38,310
Closed -$1.1M
TECD
282
DELISTED
Tech Data Corp
TECD
– –
-4,809
Closed -$691K
AKS
283
DELISTED
AK Steel Holding Corp
AKS
– –
-11,059
Closed -$36K
8 9 10 11
12

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Convergence Investment Partners's Q1 2020 Portfolio in Review

As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.

  • Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
  • Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
  • Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
  • Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
  • Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
  • Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.

Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.