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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GM icon
326
General Motors
GM
$79.3B
$256K 0.04%
7,339
+417
+6% +$14.2K
AMCX icon
327
AMC Global Media
AMCX
$479M
$245K 0.04%
+4,589
New +$257K
HPQ icon
328
HP
HPQ
$24.8B
$245K 0.04%
14,000
-9,298
-40% -$171K
VRSN icon
329
VeriSign
VRSN
$27B
$241K 0.04%
2,597
-1,247
-32% -$113K
USB icon
330
US Bancorp
USB
$99.6B
$232K 0.03%
4,461
+453
+11% +$23.3K
WBA
331
DELISTED
Walgreens Boots Alliance
WBA
$231K 0.03%
2,944
+263
+10% +$21.6K
MMM icon
332
3M
MMM
$91.4B
$221K 0.03%
+1,269
New +$212K
MCD icon
333
McDonald's
MCD
$188B
$213K 0.03%
+1,390
New +$201K
CYH icon
334
Community Health Systems
CYH
$412M
$210K 0.03%
21,111
-153,997
-88% -$1.41M
AXP icon
335
American Express
AXP
$233B
$207K 0.03%
+2,456
New +$194K
MDT icon
336
Medtronic
MDT
$111B
$206K 0.03%
+2,319
New +$196K
SHO icon
337
Sunstone Hotel Investors
SHO
$2.18B
$191K 0.03%
11,855
-269,491
-96% -$4.25M
S
338
DELISTED
Sprint Corporation
S
$118K 0.02%
14,418
– –
AGNC icon
339
AGNC Investment
AGNC
$12.4B
– –
-133,704
Closed -$2.66M
ARCB icon
340
ArcBest
ARCB
$3.07B
– –
-8,020
Closed -$209K
AROC icon
341
Archrock
AROC
$6.16B
– –
-108,561
Closed -$1.35M
ASPS icon
342
Altisource Portfolio Solutions
ASPS
$63.7M
– –
-3,921
Closed -$1.15M
BAH icon
343
Booz Allen Hamilton
BAH
$8.56B
– –
-57,250
Closed -$2.03M
BDC icon
344
Belden
BDC
$4.8B
– –
-32,135
Closed -$2.22M
BLDR icon
345
Builders FirstSource
BLDR
$7.8B
– –
-48,588
Closed -$724K
BRC icon
346
Brady Corp
BRC
$4.52B
– –
-20,411
Closed -$789K
CAH icon
347
Cardinal Health
CAH
$55.2B
– –
-33,265
Closed -$2.71M
CAR icon
348
Avis
CAR
$4.91B
– –
-35,830
Closed -$1.06M
CBRL icon
349
Cracker Barrel
CBRL
$1.29B
– –
-4,572
Closed -$728K
CCL icon
350
Carnival Corporation Ltd
CCL
$39.4B
– –
-43,283
Closed -$2.55M
12 13
14
15 16

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.