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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
+8.78%
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
$491M
AUM Growth
-$226M
(-32%)
Cap. Flow
-$269M
Cap. Flow
% of AUM
-54.91%
Top 10 Holdings %
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$3.53M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$3.41M |
| 3 |
Host Hotels & Resorts
HST
|
+$2.75M |
| 4 |
CLGX
Corelogic, Inc.
CLGX
|
+$2.67M |
| 5 |
Qualcomm
QCOM
|
+$2.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$7.05M |
| 2 |
CA
CA, Inc.
CA
|
+$6.83M |
| 3 |
AT&T
T
|
+$6.52M |
| 4 |
Caterpillar
CAT
|
+$5.37M |
| 5 |
General Mills
GIS
|
+$5.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.23% |
| 2 | Technology | 15.94% |
| 3 | Healthcare | 14.51% |
| 4 | Industrials | 12.11% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
US Bancorp
USB
$99.6B
| $214K | 0.04% |
+4,055
| New | +$215K |
|
302
Texas Instruments
TXN
$261B
| $212K | 0.04% |
1,979
+61
| +3% | +$6.79K |
|
303
McKesson
MCK
$101B
| $210K | 0.04% |
+1,585
| New | +$207K |
|
304
United Parcel Service
UPS
$88.9B
| $200K | 0.04% |
+1,711
| New | +$201K |
|
|
JCP
305
DELISTED
J.C. Penney Company, Inc.
JCP
| $18K | ﹤0.01% |
10,735
-143
| -1% | -$303 |
|
306
Alcoa
AA
$13.2B
| – | – |
-48,318
| Closed | -$2.27M |
|
307
Aecom
ACM
$9.75B
| – | – |
-24,494
| Closed | -$809K |
|
308
AGCO
AGCO
$7.2B
| – | – |
-3,407
| Closed | -$207K |
|
309
Arthur J. Gallagher & Co
AJG
$63.6B
| – | – |
-14,366
| Closed | -$938K |
|
310
Ameriprise Financial
AMP
$48.8B
| – | – |
-25,083
| Closed | -$3.51M |
|
311
American Public Education
APEI
$940M
| – | – |
-22,302
| Closed | -$939K |
|
|
EFOR
312
Everforth Inc
EFOR
$1.32B
| – | – |
-28,967
| Closed | -$2.27M |
|
313
Barrett Business Services
BBSI
$804M
| – | – |
-46,576
| Closed | -$1.12M |
|
|
BDN
314
Brandywine Realty Trust
BDN
$554M
| – | – |
-46,184
| Closed | -$780K |
|
315
Bloomin' Brands
BLMN
$938M
| – | – |
-137,671
| Closed | -$2.77M |
|
316
Bruker
BRKR
$8.14B
| – | – |
-32,689
| Closed | -$949K |
|
317
Cullen/Frost Bankers
CFR
$10.2B
| – | – |
-4,815
| Closed | -$521K |
|
|
CIVI
318
DELISTED
Civitas Resources
CIVI
| – | – |
-10,820
| Closed | -$410K |
|
319
CME Group
CME
$94.8B
| – | – |
-6,404
| Closed | -$1.05M |
|
320
Cummins
CMI
$88.7B
| – | – |
-10,470
| Closed | -$1.39M |
|
321
Corcept Therapeutics
CORT
$12B
| – | – |
-74,357
| Closed | -$1.17M |
|
322
Delek US
DK
$3.58B
| – | – |
-18,582
| Closed | -$932K |
|
323
DaVita
DVA
$11.7B
| – | – |
-29,005
| Closed | -$2.01M |
|
324
Estee Lauder
EL
$32B
| – | – |
-17,702
| Closed | -$2.53M |
|
325
Evercore
EVR
$11.8B
| – | – |
-9,230
| Closed | -$973K |
|
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Convergence Investment Partners's Q3 2018 Portfolio in Review
As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.
- Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
- Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
- Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
- Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
- Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
- Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.
Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.