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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
+8.78%
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
$491M
AUM Growth
-$226M
Cap. Flow
-$269M
Cap. Flow %
-54.91%
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$3.53M
2
WBA
Walgreens Boots Alliance
WBA
+$3.41M
3
HST icon
Host Hotels & Resorts
HST
+$2.75M
4
CLGX
Corelogic, Inc.
CLGX
+$2.67M
5
QCOM icon
Qualcomm
QCOM
+$2.19M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$7.05M
2
CA
CA, Inc.
CA
+$6.83M
3
T icon
AT&T
T
+$6.52M
4
CAT icon
Caterpillar
CAT
+$5.37M
5
GIS icon
General Mills
GIS
+$5.04M

Sector Composition

Rank Sector Weight
1 Financials 16.23%
2 Technology 15.94%
3 Healthcare 14.51%
4 Industrials 12.11%
5 Consumer Discretionary 9.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FCNCA icon
326
First Citizens BancShares
FCNCA
$25.3B
– –
-2,903
Closed -$1.17M
FHI icon
327
Federated Hermes
FHI
$4.72B
– –
-110,697
Closed -$2.58M
GIS icon
328
General Mills
GIS
$19.7B
– –
-113,970
Closed -$5.04M
GM icon
329
General Motors
GM
$76.8B
– –
-6,290
Closed -$248K
GNK icon
330
Genco Shipping & Trading
GNK
$1.1B
– –
-27,983
Closed -$434K
HOUS
331
DELISTED
Anywhere Real Estate
HOUS
– –
-71,441
Closed -$1.63M
IDCC icon
332
InterDigital
IDCC
$8.89B
– –
-5,498
Closed -$445K
IR icon
333
Ingersoll Rand
IR
$33.7B
– –
-72,054
Closed -$2.12M
ISRG icon
334
Intuitive Surgical
ISRG
$134B
– –
-18,666
Closed -$2.98M
IVZ icon
335
Invesco
IVZ
$13.9B
– –
-37,462
Closed -$995K
KBR icon
336
KBR
KBR
$4.8B
– –
-48,189
Closed -$864K
KFY icon
337
Korn Ferry
KFY
$4.28B
– –
-18,749
Closed -$1.16M
KR icon
338
Kroger
KR
$34.8B
– –
-7,021
Closed -$200K
LMAT icon
339
LeMaitre Vascular
LMAT
$1.86B
– –
-25,178
Closed -$843K
MGPI icon
340
MGP Ingredients
MGPI
$375M
– –
-7,085
Closed -$629K
MKSI icon
341
MKS Inc
MKSI
$20.6B
– –
-9,098
Closed -$871K
MSM icon
342
MSC Industrial Direct
MSM
$6.86B
– –
-10,296
Closed -$874K
NBHC icon
343
National Bank Holdings
NBHC
$1.9B
– –
-8,706
Closed -$336K
NSC icon
344
Norfolk Southern
NSC
$75.1B
– –
-8,420
Closed -$1.27M
ON icon
345
ON Semiconductor
ON
$31.6B
– –
-178,489
Closed -$3.97M
OUT icon
346
Outfront Media
OUT
$5.5B
– –
-146,679
Closed -$2.81M
PEB icon
347
Pebblebrook Hotel Trust
PEB
$2.05B
– –
-27,029
Closed -$1.05M
PFG icon
348
Principal Financial Group
PFG
$24.3B
– –
-18,537
Closed -$982K
RDUS
349
DELISTED
Radius Recycling
RDUS
– –
-32,862
Closed -$1.11M
RL icon
350
Ralph Lauren
RL
$23.6B
– –
-6,805
Closed -$856K
12 13
14
15 16

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Convergence Investment Partners's Q3 2018 Portfolio in Review

As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M 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 Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.

  • Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
  • Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
  • Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
  • Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
  • Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
  • Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.

Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.