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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
+4.96%
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
$414M
AUM Growth
-$44.2M
(-9.7%)
Cap. Flow
-$55.4M
Cap. Flow
% of AUM
-13.39%
Top 10 Holdings %
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$2.43M |
| 2 |
Intuit
INTU
|
+$2.21M |
| 3 |
Cadence Design Systems
CDNS
|
+$2.05M |
| 4 |
Sinclair Inc
SBGI
|
+$2.01M |
| 5 |
Delek US
DK
|
+$1.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$3.95M |
| 2 |
JPMorgan Chase
JPM
|
+$3.64M |
| 3 |
Walt Disney
DIS
|
+$3.14M |
| 4 |
Pfizer
PFE
|
+$2.63M |
| 5 |
Microsoft
MSFT
|
+$2.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.46% |
| 2 | Financials | 16.39% |
| 3 | Healthcare | 13.02% |
| 4 | Industrials | 11% |
| 5 | Consumer Discretionary | 8.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ANSS
301
DELISTED
Ansys
ANSS
| – | – |
-10,099
| Closed | -$1.84M |
|
302
ArcBest
ARCB
$3.08B
| – | – |
-5,174
| Closed | -$159K |
|
303
Atkore
ATKR
$3.16B
| – | – |
-15,765
| Closed | -$339K |
|
304
AtriCure
ATRC
$2.11B
| – | – |
-10,101
| Closed | -$271K |
|
|
BNY
305
Bank of New York Mellon
BNY
$107B
| – | – |
-30,751
| Closed | -$1.55M |
|
306
Bloomin' Brands
BLMN
$937M
| – | – |
-61,862
| Closed | -$1.26M |
|
307
Peabody Energy
BTU
$2.9B
| – | – |
-7,081
| Closed | -$201K |
|
308
CF Industries
CF
$17.3B
| – | – |
-56,619
| Closed | -$2.31M |
|
309
Cleveland-Cliffs
CLF
$6.99B
| – | – |
-87,813
| Closed | -$877K |
|
310
Clorox
CLX
$12.7B
| – | – |
-5,597
| Closed | -$898K |
|
311
Americold
COLD
$4.27B
| – | – |
-9,136
| Closed | -$279K |
|
312
Crocs
CROX
$6.55B
| – | – |
-40,666
| Closed | -$1.05M |
|
313
Clearway Energy Class C
CWEN
$6.7B
| – | – |
-19,267
| Closed | -$291K |
|
314
Dana Inc
DAN
$3.06B
| – | – |
-8,155
| Closed | -$145K |
|
315
Designer Brands
DBI
$333M
| – | – |
-9,201
| Closed | -$204K |
|
316
DuPont de Nemours
DD
$19.2B
| – | – |
-1,622
| Closed | -$219K |
|
317
Donnelley Financial Solutions
DFIN
$1.16B
| – | – |
-7,397
| Closed | -$110K |
|
318
Dick's Sporting Goods
DKS
$18.7B
| – | – |
-6,952
| Closed | -$256K |
|
319
Dolby
DLB
$5.79B
| – | – |
-3,933
| Closed | -$248K |
|
320
Dover
DOV
$28.4B
| – | – |
-4,164
| Closed | -$391K |
|
321
Emergent Biosolutions
EBS
$248M
| – | – |
-3,701
| Closed | -$187K |
|
322
Enovis
ENOV
$1.53B
| – | – |
-20,976
| Closed | -$1.07M |
|
323
The Ensign Group
ENSG
$10.7B
| – | – |
-39,847
| Closed | -$1.91M |
|
324
Equitable Holdings
EQH
$14.1B
| – | – |
-85,704
| Closed | -$1.73M |
|
325
Evercore
EVR
$11.8B
| – | – |
-19,042
| Closed | -$1.73M |
|
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Convergence Investment Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.
- Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
- Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
- Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
- Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
- Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.
Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.