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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
+6.23%
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
$473M
AUM Growth
+$87.6M
Cap. Flow
+$72.4M
Cap. Flow %
15.32%
Top 10 Hldgs %
19.99%
Holding
399
New
76
Increased
122
Reduced
105
Closed
89

Top Buys

Rank Stock Value
1
CSCO icon
Cisco
CSCO
+$7.68M
2
AAPL icon
Apple
AAPL
+$5.84M
3
V icon
Visa
V
+$4.94M
4
CMCSA icon
Comcast
CMCSA
+$4.66M
5
BAC icon
Bank of America
BAC
+$4.24M

Top Sells

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$5.31M
2
IBM icon
IBM
IBM
+$5.08M
3
HPQ icon
HP
HPQ
+$4.36M
4
XRX icon
Xerox
XRX
+$4.18M
5
AVT icon
Avnet
AVT
+$3.37M

Sector Composition

Rank Sector Weight
1 Technology 15.66%
2 Financials 14.54%
3 Industrials 12.9%
4 Energy 10.62%
5 Healthcare 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BMO icon
301
Bank of Montreal
BMO
$127B
– –
-3,741
Closed -$217K
BOKF icon
302
BOK Financial
BOKF
$8.74B
– –
-9,051
Closed -$580K
BSBR icon
303
Santander
BSBR
$43.5B
– –
-17,098
Closed -$102K
CALX icon
304
Calix
CALX
$2.39B
– –
-10,145
Closed -$102K
CTAS icon
305
Cintas
CTAS
$81.3B
– –
-42,228
Closed -$481K
CX icon
306
Cemex
CX
$16.3B
– –
-13,983
Closed -$126K
DAL icon
307
Delta Air Lines
DAL
$60.1B
– –
-103,756
Closed -$1.94M
DK icon
308
Delek US
DK
$3.58B
– –
-46,732
Closed -$1.34M
DLR icon
309
Digital Realty Trust
DLR
$71.7B
– –
-5,572
Closed -$340K
FAF icon
310
First American
FAF
$7.58B
– –
-18,206
Closed -$401K
FIVE icon
311
Five Below
FIVE
$13.5B
– –
-47,650
Closed -$1.75M
GD icon
312
General Dynamics
GD
$106B
– –
-9,293
Closed -$728K
GIS icon
313
General Mills
GIS
$19.7B
– –
-34,124
Closed -$1.66M
GM icon
314
General Motors
GM
$76.8B
– –
-89,797
Closed -$2.99M
HUM icon
315
Humana
HUM
$46.2B
– –
-20,909
Closed -$1.76M
HUN icon
316
Huntsman Corp
HUN
$1.77B
– –
-92,638
Closed -$1.53M
INGR icon
317
Ingredion
INGR
$6.58B
– –
-30,877
Closed -$2.03M
KGC icon
318
Kinross Gold
KGC
$32.8B
– –
-15,579
Closed -$79K
KLAC icon
319
KLA
KLAC
$259B
– –
-227,960
Closed -$1.27M
LAMR icon
320
Lamar Advertising Co
LAMR
$16.3B
– –
-13,735
Closed -$596K
LDOS icon
321
Leidos
LDOS
$17.3B
– –
-21,548
Closed -$741K
LPLA icon
322
LPL Financial
LPLA
$28.6B
– –
-24,055
Closed -$908K
LUMN icon
323
Lumen
LUMN
$6.44B
– –
-16,262
Closed -$575K
MCO icon
324
Moody's
MCO
$82.7B
– –
-53,455
Closed -$3.26M
MOH icon
325
Molina Healthcare
MOH
$10.3B
– –
-48,890
Closed -$1.82M
11 12
13
14 15

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LAM
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Convergence Investment Partners's Q3 2013 Portfolio in Review

As of Q3 2013, Convergence Investment Partners held 399 positions worth $473M, up 23% from $385M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners deployed $72.4M of net new capital in Q3 2013, opening 76 new positions and adding to 122 existing holdings. Its largest new stake was Visa: 107,020 shares worth $5.11M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Prudential Financial, an estimated $5.31M trimmed.

  • Convergence Investment Partners's largest Q3 2013 buy was Visa: 107,020 shares worth $5.11M.
  • Convergence Investment Partners added most to Cisco in Q3 2013, an estimated $7.68M increase.
  • Convergence Investment Partners's biggest Q3 2013 reduction was Prudential Financial, cutting an estimated $5.31M.
  • Convergence Investment Partners fully exited Xerox in Q3 2013, selling an estimated $4.18M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $473M portfolio in Q3 2013.
  • Convergence Investment Partners opened 76 new positions and closed 89 in Q3 2013.
  • Convergence Investment Partners's portfolio value rose 23% quarter-over-quarter to $473M.

Based on Convergence Investment Partners's 13F filing for Q3 2013, filed 14 Nov 2013.