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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
+1.19%
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
$727M
AUM Growth
-$114M
(-14%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Community Health Systems
CYH
|
+$5.1M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$5.07M |
| 3 |
ON Semiconductor
ON
|
+$4.6M |
| 4 |
Zions Bancorporation
ZION
|
+$4.4M |
| 5 |
PDM
Piedmont Realty Trust
PDM
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$7.52M |
| 2 |
Coty
COTY
|
+$5.41M |
| 3 |
ONE Gas
OGS
|
+$5.34M |
| 4 |
Honeywell
HON
|
+$5.3M |
| 5 |
MENT
Mentor Graphics Corp
MENT
|
+$5.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.69% |
| 2 | Technology | 13.71% |
| 3 | Industrials | 12.3% |
| 4 | Healthcare | 11.84% |
| 5 | Consumer Staples | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
United Rentals
URI
$72.4B
| $225K | 0.03% |
+3,358
| New | +$219K |
|
302
United Therapeutics
UTHR
$22.6B
| $222K | 0.03% |
2,094
-22,365
| -91% | -$2.49M |
|
303
Lowe's Companies
LOW
$122B
| $211K | 0.03% |
2,660
-62
| -2% | -$4.8K |
|
|
INSY
304
DELISTED
Insys Therapeutics, Inc.
INSY
| $207K | 0.03% |
15,965
-104,286
| -87% | -$1.52M |
|
305
Walt Disney
DIS
$182B
| $206K | 0.03% |
2,107
-115
| -5% | -$11.5K |
|
306
Xerox
XRX
$424M
| $160K | 0.02% |
+6,406
| New | +$168K |
|
|
EPE
307
DELISTED
EP Energy Corporation
EPE
| $98K | 0.01% |
+19,010
| New | +$98.6K |
|
|
S
308
DELISTED
Sprint Corporation
S
| $65K | 0.01% |
14,446
| – | – |
|
|
AAT
309
American Assets Trust
AAT
$1.38B
| – | – |
-15,874
| Closed | -$634K |
|
310
Agree Realty
ADC
$9.5B
| – | – |
-23,424
| Closed | -$901K |
|
|
AMWD
311
DELISTED
American Woodmark
AMWD
| – | – |
-18,744
| Closed | -$1.4M |
|
312
Abercrombie & Fitch
ANF
$4.91B
| – | – |
-148,153
| Closed | -$4.67M |
|
313
Avnet
AVT
$7.94B
| – | – |
-52,771
| Closed | -$2.34M |
|
314
Bruker
BRKR
$7.8B
| – | – |
-19,138
| Closed | -$536K |
|
315
First Busey Corp
BUSE
$2.59B
| – | – |
-72,296
| Closed | -$1.48M |
|
316
BWX Technologies
BWXT
$15.3B
| – | – |
-91,588
| Closed | -$3.07M |
|
317
Boyd Gaming
BYD
$6.11B
| – | – |
-47,596
| Closed | -$983K |
|
318
Coca-Cola Europacific Partners
CCEP
$47.9B
| – | – |
-94,202
| Closed | -$4.78M |
|
|
319
Coty
COTY
$2.39B
| – | – |
-194,299
| Closed | -$5.41M |
|
|
CSGS
320
DELISTED
CSG Systems International
CSGS
| – | – |
-52,498
| Closed | -$2.37M |
|
321
CubeSmart
CUBE
$9.42B
| – | – |
-57,960
| Closed | -$1.93M |
|
322
CVR Energy
CVI
$3.15B
| – | – |
-52,733
| Closed | -$1.38M |
|
323
Domino's
DPZ
$11.9B
| – | – |
-5,090
| Closed | -$671K |
|
324
Emergent Biosolutions
EBS
$274M
| – | – |
-40,818
| Closed | -$1.48M |
|
325
Emcor
EME
$35.7B
| – | – |
-67,837
| Closed | -$3.3M |
|
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Convergence Investment Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.
- Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
- Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
- Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
- Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
- Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.
Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.