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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
+1.19%
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
$727M
AUM Growth
-$114M
(-14%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Community Health Systems
CYH
|
+$5.1M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$5.07M |
| 3 |
ON Semiconductor
ON
|
+$4.6M |
| 4 |
Zions Bancorporation
ZION
|
+$4.4M |
| 5 |
PDM
Piedmont Realty Trust
PDM
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$7.52M |
| 2 |
Coty
COTY
|
+$5.41M |
| 3 |
ONE Gas
OGS
|
+$5.34M |
| 4 |
Honeywell
HON
|
+$5.3M |
| 5 |
MENT
Mentor Graphics Corp
MENT
|
+$5.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.69% |
| 2 | Technology | 13.71% |
| 3 | Industrials | 12.3% |
| 4 | Healthcare | 11.84% |
| 5 | Consumer Staples | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Enanta Pharmaceuticals
ENTA
$388M
| – | – |
-18,148
| Closed | -$533K |
|
327
Enerpac Tool Group
EPAC
$1.92B
| – | – |
-15,429
| Closed | -$381K |
|
328
Ethan Allen Interiors
ETD
$598M
| – | – |
-45,722
| Closed | -$1.46M |
|
329
F5
FFIV
$23.5B
| – | – |
-21,325
| Closed | -$2.26M |
|
330
Comfort Systems
FIX
$60.3B
| – | – |
-47,938
| Closed | -$1.52M |
|
331
Fluor
FLR
$6.81B
| – | – |
-49,018
| Closed | -$2.63M |
|
332
FormFactor
FORM
$9B
| – | – |
-138,988
| Closed | -$1.01M |
|
333
General Motors
GM
$76.3B
| – | – |
-6,800
| Closed | -$214K |
|
334
HCI Group
HCI
$2.31B
| – | – |
-28,555
| Closed | -$951K |
|
335
HEICO Corp
HEI
$50.8B
| – | – |
-36,543
| Closed | -$900K |
|
|
336
HEICO Corp Class A
HEI.A
$36.9B
| – | – |
-37,329
| Closed | -$728K |
|
337
Huntington Ingalls Industries
HII
$12.7B
| – | – |
-17,545
| Closed | -$2.4M |
|
|
338
Honeywell
HON
$76.3B
| – | – |
-52,597
| Closed | -$5.3M |
|
339
Intercontinental Exchange
ICE
$84.1B
| – | – |
-38,495
| Closed | -$1.81M |
|
|
INN
340
Summit Hotel Properties
INN
$724M
| – | – |
-207,366
| Closed | -$2.48M |
|
341
Innospec
IOSP
$2.25B
| – | – |
-15,694
| Closed | -$680K |
|
342
JetBlue
JBLU
$2.34B
| – | – |
-46,393
| Closed | -$980K |
|
343
Keurig Dr Pepper
KDP
$41.3B
| – | – |
-12,185
| Closed | -$1.09M |
|
344
Kearny Financial
KRNY
$604M
| – | – |
-125,700
| Closed | -$1.55M |
|
345
Kohl's
KSS
$2.09B
| – | – |
-11,064
| Closed | -$516K |
|
346
Lamar Advertising Co
LAMR
$16.2B
| – | – |
-38,130
| Closed | -$2.35M |
|
347
Lennar Class A
LEN
$20.4B
| – | – |
-51,005
| Closed | -$2.35M |
|
348
LKQ Corp
LKQ
$6.19B
| – | – |
-54,282
| Closed | -$1.73M |
|
349
LPL Financial
LPLA
$28.3B
| – | – |
-52,381
| Closed | -$1.3M |
|
350
McDonald's
MCD
$196B
| – | – |
-37,942
| Closed | -$4.77M |
|
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Convergence Investment Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.
- Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
- Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
- Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
- Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
- Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.
Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.