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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
+6.23%
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
$473M
AUM Growth
+$87.6M
Cap. Flow
+$72.4M
Cap. Flow %
15.32%
Top 10 Hldgs %
19.99%
Holding
399
New
76
Increased
122
Reduced
105
Closed
89

Top Buys

Rank Stock Value
1
CSCO icon
Cisco
CSCO
+$7.68M
2
AAPL icon
Apple
AAPL
+$5.84M
3
V icon
Visa
V
+$4.94M
4
CMCSA icon
Comcast
CMCSA
+$4.66M
5
BAC icon
Bank of America
BAC
+$4.24M

Top Sells

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$5.31M
2
IBM icon
IBM
IBM
+$5.08M
3
HPQ icon
HP
HPQ
+$4.36M
4
XRX icon
Xerox
XRX
+$4.18M
5
AVT icon
Avnet
AVT
+$3.37M

Sector Composition

Rank Sector Weight
1 Technology 15.66%
2 Financials 14.54%
3 Industrials 12.9%
4 Energy 10.62%
5 Healthcare 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MPC icon
326
Marathon Petroleum
MPC
$83.7B
– –
-78,364
Closed -$2.78M
MSM icon
327
MSC Industrial Direct
MSM
$6.86B
– –
-10,622
Closed -$823K
NLY icon
328
Annaly Capital Management
NLY
$17.4B
– –
-7,943
Closed -$399K
PCG icon
329
PG&E
PCG
$38.5B
– –
-39,850
Closed -$1.82M
PHM icon
330
Pultegroup
PHM
$25.3B
– –
-28,049
Closed -$532K
RGA icon
331
Reinsurance Group of America
RGA
$16.1B
– –
-12,570
Closed -$869K
RYAAY icon
332
Ryanair
RYAAY
$31.3B
– –
-9,640
Closed -$204K
SNBR
333
DELISTED
Sleep Number
SNBR
– –
-69,790
Closed -$1.75M
SNX icon
334
TD Synnex
SNX
$20.2B
– –
-61,970
Closed -$1.31M
STLD icon
335
Steel Dynamics
STLD
$37.6B
– –
-110,231
Closed -$1.64M
TEVA icon
336
Teva Pharmaceuticals
TEVA
$41.2B
– –
-5,477
Closed -$215K
TSM icon
337
TSMC
TSM
$2.18T
– –
-12,145
Closed -$222K
UVV icon
338
Universal Corp
UVV
$1.27B
– –
-29,390
Closed -$1.7M
VC icon
339
Visteon
VC
$2.78B
– –
-8,103
Closed -$511K
WM icon
340
Waste Management
WM
$91B
– –
-12,032
Closed -$485K
WYNN icon
341
Wynn Resorts
WYNN
$10.6B
– –
-6,418
Closed -$821K
X
342
DELISTED
US Steel
X
– –
-115,208
Closed -$2.02M
XRX icon
343
Xerox
XRX
$425M
– –
-174,796
Closed -$4.18M
YUM icon
344
Yum! Brands
YUM
$41.1B
– –
-4,045
Closed -$202K
ZTS icon
345
Zoetis
ZTS
$30B
– –
-35,236
Closed -$1.09M
SAVE
346
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-51,250
Closed -$1.63M
SIX
347
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-30,010
Closed -$1.05M
VMW
348
DELISTED
VMware, Inc
VMW
– –
-6,671
Closed -$447K
CAJ
349
DELISTED
Canon, Inc.
CAJ
– –
-8,382
Closed -$276K
ENDP
350
DELISTED
Endo International plc
ENDP
– –
-50,150
Closed -$1.84M
12 13
14
15 16

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Convergence Investment Partners's Q3 2013 Portfolio in Review

As of Q3 2013, Convergence Investment Partners held 399 positions worth $473M, up 23% from $385M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners deployed $72.4M of net new capital in Q3 2013, opening 76 new positions and adding to 122 existing holdings. Its largest new stake was Visa: 107,020 shares worth $5.11M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Prudential Financial, an estimated $5.31M trimmed.

  • Convergence Investment Partners's largest Q3 2013 buy was Visa: 107,020 shares worth $5.11M.
  • Convergence Investment Partners added most to Cisco in Q3 2013, an estimated $7.68M increase.
  • Convergence Investment Partners's biggest Q3 2013 reduction was Prudential Financial, cutting an estimated $5.31M.
  • Convergence Investment Partners fully exited Xerox in Q3 2013, selling an estimated $4.18M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $473M portfolio in Q3 2013.
  • Convergence Investment Partners opened 76 new positions and closed 89 in Q3 2013.
  • Convergence Investment Partners's portfolio value rose 23% quarter-over-quarter to $473M.

Based on Convergence Investment Partners's 13F filing for Q3 2013, filed 14 Nov 2013.