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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
+2.92%
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
$359M
AUM Growth
-$54.9M
(-13%)
Cap. Flow
-$60.4M
Cap. Flow
% of AUM
-16.81%
Top 10 Holdings %
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$2.55M |
| 2 |
IPG
Interpublic Group of Companies
IPG
|
+$2.43M |
| 3 |
Duke Energy
DUK
|
+$2.37M |
| 4 |
AT&T
T
|
+$2.36M |
| 5 |
Medtronic
MDT
|
+$2.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$4.68M |
| 2 |
Verizon
VZ
|
+$3.21M |
| 3 |
Comcast
CMCSA
|
+$3.15M |
| 4 |
AvalonBay Communities
AVB
|
+$2.59M |
| 5 |
Union Pacific
UNP
|
+$2.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.97% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 12.46% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Staples | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Arrowhead Research
ARWR
$12.4B
| – | – |
-7,015
| Closed | -$186K |
|
302
AdvanSix
ASIX
$444M
| – | – |
-6,622
| Closed | -$162K |
|
|
303
AvalonBay Communities
AVB
$26.8B
| – | – |
-12,759
| Closed | -$2.59M |
|
304
AutoZone
AZO
$51.1B
| – | – |
-457
| Closed | -$502K |
|
305
Best Buy
BBY
$17.3B
| – | – |
-25,690
| Closed | -$1.79M |
|
306
Belden
BDC
$5.19B
| – | – |
-29,338
| Closed | -$1.75M |
|
|
BDN
307
Brandywine Realty Trust
BDN
$554M
| – | – |
-76,650
| Closed | -$1.1M |
|
308
Black Hills Corp
BKH
$5.69B
| – | – |
-24,238
| Closed | -$1.9M |
|
309
Brady Corp
BRC
$4.57B
| – | – |
-14,840
| Closed | -$732K |
|
|
BRY
310
DELISTED
Berry Corp
BRY
| – | – |
-10,006
| Closed | -$106K |
|
311
Celanese
CE
$4.82B
| – | – |
-11,664
| Closed | -$1.26M |
|
312
Citizens Financial Group
CFG
$30.6B
| – | – |
-16,515
| Closed | -$584K |
|
|
CMA
313
DELISTED
Comerica
CMA
| – | – |
-3,812
| Closed | -$277K |
|
314
Compass Minerals
CMP
$1.15B
| – | – |
-22,360
| Closed | -$1.23M |
|
315
CenterPoint Energy
CNP
$26.8B
| – | – |
-65,730
| Closed | -$1.88M |
|
316
ConocoPhillips
COP
$141B
| – | – |
-32,530
| Closed | -$1.98M |
|
317
CVR Energy
CVI
$3.13B
| – | – |
-35,456
| Closed | -$1.77M |
|
318
Quest Diagnostics
DGX
$26.3B
| – | – |
-8,990
| Closed | -$915K |
|
319
DNOW Inc
DNOW
$2.99B
| – | – |
-14,004
| Closed | -$207K |
|
320
Empire State Realty Trust
ESRT
$836M
| – | – |
-13,578
| Closed | -$201K |
|
321
Exelon
EXC
$47B
| – | – |
-66,306
| Closed | -$2.27M |
|
322
First Bancorp
FBP
$4.38B
| – | – |
-15,588
| Closed | -$172K |
|
323
Fox Factory Holding Corp
FOXF
$886M
| – | – |
-1,762
| Closed | -$145K |
|
|
HOUS
324
DELISTED
Anywhere Real Estate
HOUS
| – | – |
-24,888
| Closed | -$180K |
|
325
Henry Schein
HSIC
$9.82B
| – | – |
-21,752
| Closed | -$1.52M |
|
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Convergence Investment Partners's Q3 2019 Portfolio in Review
As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.
- Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
- Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
- Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
- Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
- Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
- Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
- Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.
Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.