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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
+2.2%
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
$840M
AUM Growth
-$50.9M
Cap. Flow
-$65M
Cap. Flow %
-7.73%
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112

Top Buys

Rank Stock Value
1
MENT
Mentor Graphics Corp
MENT
+$6.15M
2
VZ icon
Verizon
VZ
+$6.08M
3
LDOS icon
Leidos
LDOS
+$5.76M
4
WBD icon
Warner Bros
WBD
+$5.02M
5
AXP icon
American Express
AXP
+$4.99M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$9.73M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$9.71M
3
CMCSA icon
Comcast
CMCSA
+$7.57M
4
IBM icon
IBM
IBM
+$7.27M
5
CYH icon
Community Health Systems
CYH
+$5.87M

Sector Composition

Rank Sector Weight
1 Financials 15.13%
2 Technology 14.49%
3 Industrials 11.97%
4 Healthcare 11.15%
5 Consumer Staples 8.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
C icon
301
Citigroup
C
$226B
$455K 0.05%
10,892
-129,009
-92% -$5.39M
PLCE icon
302
Children's Place
PLCE
$59.8M
$453K 0.05%
+5,431
New +$369K
WDR
303
DELISTED
Waddell & Reed Financial, Inc.
WDR
$414K 0.05%
17,587
-360
-2% -$8.74K
CHUY
304
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
$409K 0.05%
+13,174
New +$426K
EPAC icon
305
Enerpac Tool Group
EPAC
$1.93B
$381K 0.05%
15,429
-38,367
-71% -$883K
VRE
306
DELISTED
Veris Residential
VRE
$368K 0.04%
15,642
-201,442
-93% -$4.19M
ORCL icon
307
Oracle
ORCL
$423B
$347K 0.04%
8,480
+261
+3% +$9.66K
PFGC icon
308
Performance Food Group
PFGC
$18B
$347K 0.04%
+14,874
New +$339K
UNH icon
309
UnitedHealth
UNH
$370B
$340K 0.04%
2,641
+90
+4% +$10.6K
CAH icon
310
Cardinal Health
CAH
$55.4B
$336K 0.04%
+4,097
New +$333K
PEP icon
311
PepsiCo
PEP
$190B
$332K 0.04%
3,238
-54,920
-94% -$5.43M
CVS icon
312
CVS Health
CVS
$122B
$289K 0.03%
2,791
-531
-16% -$51.6K
MPC icon
313
Marathon Petroleum
MPC
$83.7B
$259K 0.03%
6,960
-76,981
-92% -$2.93M
COST icon
314
Costco
COST
$420B
$248K 0.03%
1,571
-10
-0.6% -$1.52K
PGR icon
315
Progressive
PGR
$125B
$231K 0.03%
+6,581
New +$210K
DIS icon
316
Walt Disney
DIS
$181B
$221K 0.03%
2,222
-6
-0.3% -$579
AFL icon
317
Aflac
AFL
$62.6B
$216K 0.03%
+6,828
New +$203K
META icon
318
Meta Platforms (Facebook)
META
$1.51T
$216K 0.03%
+1,890
New +$199K
GM icon
319
General Motors
GM
$76.8B
$214K 0.03%
6,800
+344
+5% +$10.3K
DISH
320
DELISTED
DISH Network Corp.
DISH
$208K 0.02%
4,498
-22,700
-83% -$1.09M
AVNT icon
321
Avient
AVNT
$4.19B
$206K 0.02%
+6,826
New +$188K
LOW icon
322
Lowe's Companies
LOW
$125B
$206K 0.02%
2,722
-5
-0.2% -$353
S
323
DELISTED
Sprint Corporation
S
$50K 0.01%
14,446
– –
ABM icon
324
ABM Industries
ABM
$2.84B
– –
-51,059
Closed -$1.45M
ACCO icon
325
Acco Brands
ACCO
$407M
– –
-110,394
Closed -$787K
11 12
13
14 15

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Convergence Investment Partners's Q1 2016 Portfolio in Review

As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.

  • Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
  • Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
  • Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
  • Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
  • Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
  • Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.

Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.