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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AFL icon
326
Aflac
AFL
$62.6B
– –
-68,762
Closed -$2.48M
OSG
327
Octave Specialty Group
OSG
$222M
– –
-45,030
Closed -$741K
ARW icon
328
Arrow Electronics
ARW
$10.4B
– –
-26,547
Closed -$1.64M
AVNT icon
329
Avient
AVNT
$4.19B
– –
-64,946
Closed -$2.29M
BANC icon
330
Banc of California
BANC
$2.97B
– –
-115,320
Closed -$2.09M
BCO icon
331
Brink's
BCO
$4.62B
– –
-28,604
Closed -$815K
BG icon
332
Bunge Global
BG
$20.8B
– –
-65,246
Closed -$3.86M
BLMN icon
333
Bloomin' Brands
BLMN
$938M
– –
-21,636
Closed -$387K
CALM icon
334
Cal-Maine
CALM
$3.99B
– –
-103,347
Closed -$4.58M
CCK icon
335
Crown Holdings
CCK
$13.1B
– –
-31,032
Closed -$1.57M
CENTA icon
336
Central Garden & Pet Co Class A
CENTA
$2.44B
– –
-56,385
Closed -$979K
CFG icon
337
Citizens Financial Group
CFG
$30.6B
– –
-190,289
Closed -$3.8M
COST icon
338
Costco
COST
$420B
– –
-1,565
Closed -$246K
CRL icon
339
Charles River Laboratories
CRL
$12.8B
– –
-23,976
Closed -$1.98M
CUBI icon
340
Customers Bancorp
CUBI
$2.77B
– –
-77,200
Closed -$1.94M
CXW icon
341
CoreCivic
CXW
$3.19B
– –
-59,385
Closed -$2.08M
CYH icon
342
Community Health Systems
CYH
$423M
– –
-347,941
Closed -$4.19M
DLR icon
343
Digital Realty Trust
DLR
$71.7B
– –
-16,259
Closed -$1.77M
DRH icon
344
Diamondrock Hospitality Co
DRH
$2.56B
– –
-166,601
Closed -$1.5M
EBF icon
345
Ennis
EBF
$564M
– –
-79,656
Closed -$1.53M
ELV icon
346
Elevance Health
ELV
$85.5B
– –
-22,173
Closed -$2.91M
FAF icon
347
First American
FAF
$7.58B
– –
-112,938
Closed -$4.54M
FUL icon
348
H.B. Fuller
FUL
$3.28B
– –
-24,140
Closed -$1.06M
TDAY
349
USA Today Co
TDAY
$1.06B
– –
-47,370
Closed -$856K
GEF icon
350
Greif
GEF
$5.04B
– –
-40,440
Closed -$1.51M
12 13
14
15 16

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ECM
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NRG
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HW
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LAM
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BGIM
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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.