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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
+2.2%
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
$840M
AUM Growth
-$50.9M
(-5.7%)
Cap. Flow
-$65M
Cap. Flow
% of AUM
-7.73%
Top 10 Holdings %
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MENT
Mentor Graphics Corp
MENT
|
+$6.15M |
| 2 |
Verizon
VZ
|
+$6.08M |
| 3 |
Leidos
LDOS
|
+$5.76M |
| 4 |
Warner Bros
WBD
|
+$5.02M |
| 5 |
American Express
AXP
|
+$4.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$9.73M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$9.71M |
| 3 |
Comcast
CMCSA
|
+$7.57M |
| 4 |
IBM
IBM
|
+$7.27M |
| 5 |
Community Health Systems
CYH
|
+$5.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.13% |
| 2 | Technology | 14.49% |
| 3 | Industrials | 11.97% |
| 4 | Healthcare | 11.15% |
| 5 | Consumer Staples | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
AGCO
AGCO
$7.2B
| – | – |
-30,451
| Closed | -$1.38M |
|
327
Assured Guaranty
AGO
$3.34B
| – | – |
-62,986
| Closed | -$1.67M |
|
|
AMED
328
DELISTED
Amedisys
AMED
| – | – |
-40,668
| Closed | -$1.6M |
|
329
Amkor Technology
AMKR
$13.7B
| – | – |
-137,156
| Closed | -$834K |
|
330
AutoNation
AN
$6.92B
| – | – |
-39,414
| Closed | -$2.35M |
|
331
Apogee Enterprises
APOG
$908M
| – | – |
-28,616
| Closed | -$1.25M |
|
332
Associated Banc-Corp
ASB
$5.91B
| – | – |
-158,412
| Closed | -$2.97M |
|
333
Benchmark Electronics
BHE
$2.96B
| – | – |
-70,652
| Closed | -$1.46M |
|
|
BBT
334
Beacon Financial Corp
BBT
$2.66B
| – | – |
-82,356
| Closed | -$2.4M |
|
335
Blackrock
BLK
$176B
| – | – |
-3,555
| Closed | -$1.21M |
|
336
Brookfield
BN
$108B
| – | – |
-25,398
| Closed | -$281K |
|
|
CADE
337
DELISTED
Cadence Bank
CADE
| – | – |
-80,224
| Closed | -$1.93M |
|
338
Cboe Global Markets
CBOE
$29.9B
| – | – |
-34,662
| Closed | -$2.25M |
|
339
Crown Holdings
CCK
$13.1B
| – | – |
-45,806
| Closed | -$2.32M |
|
340
Clorox
CLX
$12.7B
| – | – |
-32,825
| Closed | -$4.16M |
|
341
ConocoPhillips
COP
$141B
| – | – |
-76,221
| Closed | -$3.56M |
|
342
Cirrus Logic
CRUS
$6.26B
| – | – |
-49,642
| Closed | -$1.47M |
|
343
Cousins Properties
CUZ
$4.88B
| – | – |
-172,727
| Closed | -$4.6M |
|
344
Cavco Industries
CVCO
$4.55B
| – | – |
-11,330
| Closed | -$944K |
|
|
345
Community Health Systems
CYH
$423M
| – | – |
-267,735
| Closed | -$5.87M |
|
346
D.R. Horton
DHI
$42.3B
| – | – |
-112,664
| Closed | -$3.61M |
|
347
HF Sinclair
DINO
$14.5B
| – | – |
-63,489
| Closed | -$2.53M |
|
348
Dycom Industries
DY
$12.3B
| – | – |
-37,122
| Closed | -$2.6M |
|
|
349
eBay
EBAY
$49.8B
| – | – |
-354,124
| Closed | -$9.73M |
|
350
Consolidated Edison
ED
$39.9B
| – | – |
-21,262
| Closed | -$1.37M |
|
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Convergence Investment Partners's Q1 2016 Portfolio in Review
As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.
- Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
- Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
- Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
- Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
- Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
- Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
- Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.
Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.