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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
-5.57%
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
$871M
AUM Growth
-$143M
(-14%)
Cap. Flow
-$78.6M
Cap. Flow
% of AUM
-9.02%
Top 10 Holdings %
Top 10 Hldgs %
13.99%
Holding
472
New
123
Increased
89
Reduced
119
Closed
139
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DF
Dean Foods Company
DF
|
+$8.14M |
| 2 |
Oracle
ORCL
|
+$8M |
| 3 |
CME Group
CME
|
+$6.78M |
| 4 |
LXP Industrial Trust
LXP
|
+$6.44M |
| 5 |
MDRX
Veradigm Inc. Common Stock
MDRX
|
+$6.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$14.9M |
| 2 |
Boeing
BA
|
+$9.95M |
| 3 |
Biogen
BIIB
|
+$9.78M |
| 4 |
State Street
STT
|
+$9.14M |
| 5 |
IBM
IBM
|
+$8.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.7% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 12.69% |
| 4 | Consumer Discretionary | 12.16% |
| 5 | Industrials | 11.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
G-III Apparel Group
GIII
$1.5B
| $606K | 0.07% |
9,835
-1,537
| -14% | -$105K |
|
302
KeyCorp
KEY
$24.4B
| $601K | 0.07% |
46,201
+830
| +2% | +$11.8K |
|
|
SPTN
303
DELISTED
SpartanNash
SPTN
| $601K | 0.07% |
+23,236
| New | +$703K |
|
|
SIVB
304
DELISTED
SVB Financial Group
SIVB
| $594K | 0.07% |
+5,140
| New | +$689K |
|
305
PENN Entertainment
PENN
$2.71B
| $591K | 0.07% |
+35,215
| New | +$644K |
|
|
CADE
306
DELISTED
Cadence Bank
CADE
| $588K | 0.07% |
+24,750
| New | +$609K |
|
307
Hormel Foods
HRL
$13.8B
| $581K | 0.07% |
+18,358
| New | +$550K |
|
308
ABM Industries
ABM
$2.84B
| $574K | 0.07% |
+21,011
| New | +$664K |
|
|
IQNT
309
DELISTED
Inteliquent, Inc.
IQNT
| $568K | 0.07% |
25,430
-12,112
| -32% | -$230K |
|
|
BGC
310
DELISTED
General Cable Corporation
BGC
| $566K | 0.07% |
47,590
-44,230
| -48% | -$689K |
|
311
Home Depot
HD
$355B
| $559K | 0.06% |
4,842
-17,292
| -78% | -$2M |
|
312
Carnival Corporation Ltd
CCL
$39.7B
| $557K | 0.06% |
11,210
-3,662
| -25% | -$186K |
|
313
Berkshire Hathaway Class B
BRK.B
$1.13T
| $545K | 0.06% |
4,181
+155
| +4% | +$21.2K |
|
314
Herbalife
HLF
$1.29B
| $543K | 0.06% |
+19,910
| New | +$545K |
|
|
PFNX
315
DELISTED
Pfenex Inc.
PFNX
| $524K | 0.06% |
+34,922
| New | +$710K |
|
|
TUP
316
DELISTED
Tupperware Brands Corporation
TUP
| $478K | 0.05% |
9,657
+21
| +0.2% | +$1.18K |
|
|
RDUS
317
DELISTED
Radius Recycling
RDUS
| $444K | 0.05% |
32,804
-23,030
| -41% | -$376K |
|
318
Service Corp International
SCI
$11.6B
| $431K | 0.05% |
+15,914
| New | +$470K |
|
319
Stewart Information Services
STC
$2.08B
| $431K | 0.05% |
+10,526
| New | +$418K |
|
320
Popular Inc
BPOP
$11.1B
| $396K | 0.05% |
+13,110
| New | +$392K |
|
321
Dave & Buster's
PLAY
$357M
| $332K | 0.04% |
+8,788
| New | +$334K |
|
|
OSG
322
Octave Specialty Group
OSG
$222M
| $322K | 0.04% |
+22,280
| New | +$361K |
|
323
PepsiCo
PEP
$190B
| $304K | 0.03% |
3,225
+12
| +0.4% | +$1.14K |
|
324
Novartis
NVS
$297B
| $303K | 0.03% |
3,682
-990
| -21% | -$88.1K |
|
325
John Wiley & Sons Class A
WLY
$2.66B
| $303K | 0.03% |
6,066
-2,467
| -29% | -$128K |
|
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Convergence Investment Partners's Q3 2015 Portfolio in Review
As of Q3 2015, Convergence Investment Partners held 472 positions worth $871M, down 14% from $1.01B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Convergence Investment Partners withdrew a net $78.6M in Q3 2015, closing 139 positions and reducing 119 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $14.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Dean Foods Company worth $7.87M.
- Convergence Investment Partners's largest Q3 2015 buy was Dean Foods Company: 476,476 shares worth $7.87M.
- Convergence Investment Partners added most to Oracle in Q3 2015, an estimated $8M increase.
- Convergence Investment Partners's biggest Q3 2015 reduction was IBM, cutting an estimated $8.95M.
- Convergence Investment Partners fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $14.9M.
- Convergence Investment Partners's ten largest holdings make up 14% of its $871M portfolio in Q3 2015.
- Convergence Investment Partners opened 123 new positions and closed 139 in Q3 2015.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $871M.
Based on Convergence Investment Partners's 13F filing for Q3 2015, filed 16 Nov 2015.