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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
+8.35%
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
$747M
AUM Growth
+$17.7M
Cap. Flow
-$22.8M
Cap. Flow %
-3.05%
Top 10 Hldgs %
13.37%
Holding
460
New
104
Increased
109
Reduced
123
Closed
110

Top Buys

Rank Stock Value
1
MS icon
Morgan Stanley
MS
+$6.31M
2
PBF icon
PBF Energy
PBF
+$5.47M
3
UFS
DOMTAR CORPORATION (New)
UFS
+$5.01M
4
EMR icon
Emerson Electric
EMR
+$4.68M
5
WNR
Western Refining Inc
WNR
+$4.57M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$4.43M
2
XOM icon
ExxonMobil
XOM
+$4.31M
3
HP icon
Helmerich & Payne
HP
+$3.49M
4
HAL icon
Halliburton
HAL
+$3.48M
5
AVA icon
Avista
AVA
+$3.37M

Sector Composition

Rank Sector Weight
1 Financials 14.61%
2 Technology 13.68%
3 Industrials 11.18%
4 Healthcare 10.93%
5 Consumer Discretionary 9.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCK icon
326
McKesson
MCK
$101B
$221K 0.03%
1,067
+8
+0.8% +$1.63K
SAN icon
327
Banco Santander
SAN
$210B
$219K 0.03%
28,284
-468
-2% -$3.76K
KR icon
328
Kroger
KR
$34.8B
$216K 0.03%
+6,734
New +$195K
GSK icon
329
GSK
GSK
$106B
$213K 0.03%
3,979
-15
-0.4% -$839
ESRX
330
DELISTED
Express Scripts Holding Company
ESRX
$213K 0.03%
+2,515
New +$197K
RTX icon
331
RTX Corp
RTX
$301B
$211K 0.03%
+2,916
New +$199K
SNY icon
332
Sanofi
SNY
$104B
$210K 0.03%
4,615
-1,547
-25% -$75.1K
USB icon
333
US Bancorp
USB
$99.6B
$210K 0.03%
+4,665
New +$201K
AZN icon
334
AstraZeneca
AZN
$250B
$209K 0.03%
2,967
-77
-3% -$5.51K
NVO
335
Novo Nordisk
NVO
$209B
$206K 0.03%
9,748
-194
-2% -$4.33K
BTI icon
336
British American Tobacco
BTI
$128B
$204K 0.03%
3,790
-8
-0.2% -$450
PM icon
337
Philip Morris
PM
$295B
$203K 0.03%
2,494
-211
-8% -$18.1K
PHG icon
338
Philips
PHG
$26.1B
$202K 0.03%
10,049
-865
-8% -$17.2K
MUFG icon
339
Mitsubishi UFJ Financial
MUFG
$254B
$171K 0.02%
30,866
+1,547
+5% +$8.62K
LYG icon
340
Lloyds Banking Group
LYG
$91.3B
$160K 0.02%
34,583
-709
-2% -$3.43K
PC
341
DELISTED
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
$129K 0.02%
10,868
-1,913
-15% -$22.7K
SMFG icon
342
Sumitomo Mitsui Financial
SMFG
$164B
$98K 0.01%
13,519
-2,326
-15% -$17.7K
NOK icon
343
Nokia
NOK
$52.3B
$90K 0.01%
11,470
+77
+0.7% +$622
ABEV icon
344
Ambev
ABEV
$46.4B
$83K 0.01%
13,316
-10,191
-43% -$64.4K
NMR icon
345
Nomura Holdings
NMR
$29.1B
$71K 0.01%
12,477
-962
-7% -$5.69K
MFG icon
346
Mizuho Financial
MFG
$130B
$36K ﹤0.01%
10,630
-10,859
-51% -$37.8K
AAT
347
American Assets Trust
AAT
$1.4B
– –
-88,259
Closed -$2.91M
ACM icon
348
Aecom
ACM
$9.75B
– –
-31,582
Closed -$1.07M
AES icon
349
AES
AES
$10.5B
– –
-141,145
Closed -$2M
AIR icon
350
AAR Corp
AIR
$5.76B
– –
-47,310
Closed -$1.14M
12 13
14
15 16

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Convergence Investment Partners's Q4 2014 Portfolio in Review

As of Q4 2014, Convergence Investment Partners held 460 positions worth $747M, up 2.4% from $729M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $22.8M in Q4 2014, closing 110 positions and reducing 123 holdings. Its most notable exit was Bank of New York Mellon, an estimated $4.43M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Morgan Stanley worth $6.89M.

  • Convergence Investment Partners's largest Q4 2014 buy was Morgan Stanley: 177,492 shares worth $6.89M.
  • Convergence Investment Partners added most to IBM in Q4 2014, an estimated $3.21M increase.
  • Convergence Investment Partners's biggest Q4 2014 reduction was ExxonMobil, cutting an estimated $4.31M.
  • Convergence Investment Partners fully exited Bank of New York Mellon in Q4 2014, selling an estimated $4.43M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $747M portfolio in Q4 2014.
  • Convergence Investment Partners opened 104 new positions and closed 110 in Q4 2014.
  • Convergence Investment Partners's portfolio value rose 2.4% quarter-over-quarter to $747M.

Based on Convergence Investment Partners's 13F filing for Q4 2014, filed 11 Feb 2015.