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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
+6.3%
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
$716M
AUM Growth
-$51.2M
Cap. Flow
-$79M
Cap. Flow %
-11.03%
Top 10 Hldgs %
14.13%
Holding
1,098
New
59
Increased
131
Reduced
112
Closed
794

Top Buys

Rank Stock Value
1
SYNT
Syntel Inc
SYNT
+$5.46M
2
THC icon
Tenet Healthcare
THC
+$4.51M
3
CA
CA, Inc.
CA
+$4.33M
4
INTC icon
Intel
INTC
+$4.14M
5
VST icon
Vistra
VST
+$4.05M

Top Sells

Rank Stock Value
1
YELP icon
Yelp
YELP
+$6.14M
2
TVPT
Travelport Worldwide Limited
TVPT
+$4.98M
3
NFG icon
National Fuel Gas
NFG
+$4.85M
4
VRNT
Verint Systems
VRNT
+$4.74M
5
PCH
PotlatchDeltic
PCH
+$4.63M

Sector Composition

Rank Sector Weight
1 Technology 16.62%
2 Financials 16.09%
3 Healthcare 13.49%
4 Industrials 11.41%
5 Consumer Discretionary 10.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KR icon
301
Kroger
KR
$34.8B
$200K 0.03%
7,021
-109
-2% -$2.74K
JCP
302
DELISTED
J.C. Penney Company, Inc.
JCP
$25K ﹤0.01%
10,878
+7,394
+212% +$20.9K
RAD
303
DELISTED
Rite Aid Corporation
RAD
$22K ﹤0.01%
626
– –
A icon
304
Agilent Technologies
A
$41.2B
– –
-758
Closed -$51K
AAL icon
305
American Airlines Group
AAL
$10.6B
– –
-2,056
Closed -$107K
ABEV icon
306
Ambev
ABEV
$46.4B
– –
-2,855
Closed -$21K
ABG icon
307
Asbury Automotive
ABG
$3.85B
– –
-15,914
Closed -$1.07M
ABM icon
308
ABM Industries
ABM
$2.84B
– –
-630
Closed -$21K
ADAP
309
DELISTED
Adaptimmune Therapeutics
ADAP
– –
-350
Closed -$4K
ADI icon
310
Analog Devices
ADI
$190B
– –
-749
Closed -$68K
ADP icon
311
Automatic Data Processing
ADP
$108B
– –
-858
Closed -$97K
ADSK icon
312
Autodesk
ADSK
$52.6B
– –
-30
Closed -$4K
AEE icon
313
Ameren
AEE
$30.1B
– –
-37
Closed -$2K
AEG icon
314
Aegon
AEG
$14.1B
– –
-194
Closed -$1K
AEM icon
315
Agnico Eagle Mines
AEM
$90.5B
– –
-37
Closed -$2K
AEP icon
316
American Electric Power
AEP
$68.4B
– –
-16,725
Closed -$1.15M
AFG icon
317
American Financial Group
AFG
$12.1B
– –
-27
Closed -$3K
AFL icon
318
Aflac
AFL
$63.4B
– –
-61,978
Closed -$2.71M
AGM icon
319
Federal Agricultural Mortgage
AGM
$2.56B
– –
-14,147
Closed -$1.23M
AGO icon
320
Assured Guaranty
AGO
$3.34B
– –
-118
Closed -$4K
AIG icon
321
American International
AIG
$41.8B
– –
-2,084
Closed -$113K
AIZ icon
322
Assurant
AIZ
$14.3B
– –
-83
Closed -$8K
AKAM icon
323
Akamai
AKAM
$16.1B
– –
-74
Closed -$5K
ALK icon
324
Alaska Air
ALK
$5.58B
– –
-153
Closed -$9K
ALL icon
325
Allstate
ALL
$67.5B
– –
-1,193
Closed -$113K
11 12
13
14 15

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Convergence Investment Partners's Q2 2018 Portfolio in Review

As of Q2 2018, Convergence Investment Partners held 1,098 positions worth $716M, down 6.7% from $768M the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Convergence Investment Partners withdrew a net $79M in Q2 2018, closing 794 positions and reducing 112 holdings. Its most notable exit was Yelp, an estimated $6.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Syntel Inc worth $5.86M.

  • Convergence Investment Partners's largest Q2 2018 buy was Syntel Inc: 182,703 shares worth $5.86M.
  • Convergence Investment Partners added most to Tenet Healthcare in Q2 2018, an estimated $4.51M increase.
  • Convergence Investment Partners's biggest Q2 2018 reduction was Bread Financial, cutting an estimated $3.96M.
  • Convergence Investment Partners fully exited Yelp in Q2 2018, selling an estimated $6.14M.
  • Convergence Investment Partners's ten largest holdings make up 14% of its $716M portfolio in Q2 2018.
  • Convergence Investment Partners opened 59 new positions and closed 794 in Q2 2018.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $716M.

Based on Convergence Investment Partners's 13F filing for Q2 2018, filed 7 Aug 2018.