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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDDY icon
301
GoDaddy
GDDY
$11B
$439K 0.06%
+10,342
New +$414K
TKR icon
302
Timken Company
TKR
$9.56B
$439K 0.06%
9,487
-29,188
-75% -$1.34M
AEL
303
DELISTED
American Equity Investment Life Holding Company
AEL
$429K 0.06%
+16,328
New +$398K
META icon
304
Meta Platforms (Facebook)
META
$1.42T
$428K 0.06%
2,838
+685
+32% +$102K
CENTA icon
305
Central Garden & Pet Co Class A
CENTA
$2.37B
$415K 0.06%
+17,264
New +$441K
XPO icon
306
XPO
XPO
$23.5B
$407K 0.06%
+18,224
New +$341K
EXTN
307
DELISTED
Exterran Corporation
EXTN
$406K 0.06%
15,220
-3,735
-20% -$106K
WHR icon
308
Whirlpool
WHR
$2.43B
$400K 0.06%
+2,086
New +$382K
PDM
309
Piedmont Realty Trust
PDM
$1.21B
$396K 0.06%
+18,793
New +$406K
GPRE icon
310
Green Plains
GPRE
$1.18B
$394K 0.06%
+19,161
New +$437K
HA
311
DELISTED
Hawaiian Holdings, Inc.
HA
$389K 0.06%
8,277
-16,950
-67% -$862K
BEN icon
312
Franklin Resources
BEN
$17.6B
$378K 0.06%
+8,444
New +$361K
ORCL icon
313
Oracle
ORCL
$374B
$376K 0.06%
7,506
+853
+13% +$38.9K
CMCSA icon
314
Comcast
CMCSA
$85B
$370K 0.05%
9,494
+1,453
+18% +$57.3K
AGCO icon
315
AGCO
AGCO
$7.15B
$356K 0.05%
+5,286
New +$338K
PEP icon
316
PepsiCo
PEP
$190B
$341K 0.05%
2,952
-27,917
-90% -$3.2M
MRK icon
317
Merck
MRK
$322B
$331K 0.05%
5,417
+840
+18% +$51.1K
KO icon
318
Coca-Cola
KO
$377B
$313K 0.05%
+6,970
New +$308K
RIG icon
319
Transocean
RIG
$5.89B
$306K 0.04%
37,137
-174,474
-82% -$1.78M
CVX icon
320
Chevron
CVX
$392B
$297K 0.04%
2,847
+554
+24% +$58.7K
DIS icon
321
Walt Disney
DIS
$167B
$296K 0.04%
2,784
+411
+17% +$45K
ACM icon
322
Aecom
ACM
$9.3B
$294K 0.04%
9,081
-32,700
-78% -$1.08M
CXW icon
323
CoreCivic
CXW
$2.96B
$288K 0.04%
+10,460
New +$327K
WRLD icon
324
World Acceptance Corp
WRLD
$838M
$286K 0.04%
3,815
-4,875
-56% -$334K
V icon
325
Visa
V
$684B
$261K 0.04%
+2,781
New +$258K
11 12
13
14 15

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.