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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
+10.45%
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
$616M
AUM Growth
+$143M
(+30%)
Cap. Flow
+$96M
Cap. Flow
% of AUM
15.59%
Top 10 Holdings %
Top 10 Hldgs %
18.85%
Holding
436
New
126
Increased
112
Reduced
128
Closed
62
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$7.55M |
| 2 |
Apple
AAPL
|
+$4.59M |
| 3 |
JPMorgan Chase
JPM
|
+$4.52M |
| 4 |
Pultegroup
PHM
|
+$4.51M |
| 5 |
IM
Ingram Micro
IM
|
+$3.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$6.01M |
| 2 |
Visa
V
|
+$5.11M |
| 3 |
Bank of America
BAC
|
+$4.55M |
| 4 |
Citigroup
C
|
+$3.66M |
| 5 |
Ralph Lauren
RL
|
+$3.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.12% |
| 2 | Financials | 13.05% |
| 3 | Industrials | 12.92% |
| 4 | Energy | 10.14% |
| 5 | Healthcare | 9.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RGC
326
DELISTED
Regal Entertainment Group
RGC
| $244K | 0.04% |
+12,545
| New | +$240K |
|
|
LUX
327
DELISTED
Luxottica Group
LUX
| $239K | 0.04% |
4,435
-617
| -12% | -$32K |
|
328
Fresenius Medical Care
FMS
$12.9B
| $238K | 0.04% |
6,677
-1,179
| -15% | -$39.5K |
|
329
MetLife
MET
$62.4B
| $238K | 0.04% |
4,957
| – | – |
|
|
NAB
330
DELISTED
NATL AUSTRALIA BK LTD ADS5
NAB
| $238K | 0.04% |
7,643
+633
| +9% | +$19.7K |
|
331
Las Vegas Sands
LVS
$29.6B
| $234K | 0.04% |
+2,964
| New | +$213K |
|
332
Barclays
BCS
$94.1B
| $233K | 0.04% |
13,881
-304
| -2% | -$4.81K |
|
333
General Motors
GM
$76.8B
| $227K | 0.04% |
+5,543
| New | +$209K |
|
334
RTX Corp
RTX
$301B
| $227K | 0.04% |
3,170
+9
| +0.3% | +$613 |
|
|
BPO
335
DELISTED
BROOKFIELD OFFICE PROPERTIES. INC
BPO
| $223K | 0.04% |
11,598
-1,401
| -11% | -$26.7K |
|
|
PKD
336
DELISTED
Parker Drilling Company
PKD
| $222K | 0.04% |
+1,820
| New | +$202K |
|
337
Korea Electric Power
KEP
$16B
| $220K | 0.04% |
13,240
-4,693
| -26% | -$67.6K |
|
|
AENZ
338
DELISTED
Aenza S.A.A.
AENZ
| $211K | 0.03% |
+3,318
| New | +$202K |
|
339
Manulife Financial
MFC
$73.5B
| $210K | 0.03% |
10,653
-7,759
| -42% | -$142K |
|
340
McKesson
MCK
$101B
| $208K | 0.03% |
+1,290
| New | +$198K |
|
341
Vale
VALE
$62.6B
| $208K | 0.03% |
13,664
-3,140
| -19% | -$48.8K |
|
342
American Express
AXP
$230B
| $206K | 0.03% |
+2,273
| New | +$187K |
|
|
RDS.B
343
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $202K | 0.03% |
2,696
-327
| -11% | -$23K |
|
344
Cardinal Health
CAH
$55.4B
| $201K | 0.03% |
3,009
-14,246
| -83% | -$871K |
|
345
Abbott
ABT
$187B
| $200K | 0.03% |
5,224
-70,397
| -93% | -$2.59M |
|
346
Ambev
ABEV
$46.4B
| $190K | 0.03% |
+25,867
| New | +$189K |
|
347
Mizuho Financial
MFG
$130B
| $187K | 0.03% |
42,826
-6,595
| -13% | -$27.9K |
|
348
Nomura Holdings
NMR
$29.1B
| $187K | 0.03% |
24,049
-3,027
| -11% | -$23.1K |
|
|
AV
349
DELISTED
Aviva Plc
AV
| $181K | 0.03% |
11,954
-4,399
| -27% | -$61.9K |
|
|
CALY
350
Callaway Golf Company
CALY
$3.14B
| $174K | 0.03% |
+20,690
| New | +$164K |
|
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CIA
Convergence Investment Partners's Q4 2013 Portfolio in Review
As of Q4 2013, Convergence Investment Partners held 436 positions worth $616M, up 30% from $473M the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Convergence Investment Partners deployed $96M of net new capital in Q4 2013, opening 126 new positions and adding to 112 existing holdings. Its largest new stake was Boeing: 58,118 shares worth $7.93M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was Aflac, an estimated $6.01M trimmed.
- Convergence Investment Partners's largest Q4 2013 buy was Boeing: 58,118 shares worth $7.93M.
- Convergence Investment Partners added most to Apple in Q4 2013, an estimated $4.59M increase.
- Convergence Investment Partners's biggest Q4 2013 reduction was Aflac, cutting an estimated $6.01M.
- Convergence Investment Partners fully exited Visa in Q4 2013, selling an estimated $5.11M.
- Convergence Investment Partners's ten largest holdings make up 19% of its $616M portfolio in Q4 2013.
- Convergence Investment Partners opened 126 new positions and closed 62 in Q4 2013.
- Convergence Investment Partners's portfolio value rose 30% quarter-over-quarter to $616M.
Based on Convergence Investment Partners's 13F filing for Q4 2013, filed 14 Feb 2014.