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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
+12.88%
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
$458M
AUM Growth
+$22.8M
Cap. Flow
-$17.4M
Cap. Flow %
-3.81%
Top 10 Hldgs %
16.08%
Holding
399
New
94
Increased
75
Reduced
135
Closed
95

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$2.87M
2
AMP icon
Ameriprise Financial
AMP
+$2.66M
3
PG icon
Procter & Gamble
PG
+$2.07M
4
PYPL icon
PayPal
PYPL
+$1.96M
5
ITW icon
Illinois Tool Works
ITW
+$1.93M

Top Sells

Rank Stock Value
1
GWW icon
W.W. Grainger
GWW
+$3.14M
2
DINO icon
HF Sinclair
DINO
+$2.65M
3
ADM icon
Archer Daniels Midland
ADM
+$2.12M
4
CVS icon
CVS Health
CVS
+$2.1M
5
PBF icon
PBF Energy
PBF
+$2.07M

Sector Composition

Rank Sector Weight
1 Technology 17.41%
2 Financials 15.59%
3 Healthcare 13.63%
4 Industrials 10.88%
5 Consumer Discretionary 10.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ENVA icon
326
Enova International
ENVA
$6.29B
– –
-9,789
Closed -$190K
ESNT icon
327
Essent Group
ESNT
$6.33B
– –
-15,586
Closed -$533K
EXPE icon
328
Expedia Group
EXPE
$37.3B
– –
-7,560
Closed -$852K
FAF icon
329
First American
FAF
$7.58B
– –
-13,253
Closed -$592K
FF icon
330
Future Fuel
FF
$223M
– –
-18,620
Closed -$295K
FIX icon
331
Comfort Systems
FIX
$59.6B
– –
-6,936
Closed -$303K
FOSL icon
332
Fossil Group
FOSL
$318M
– –
-11,964
Closed -$188K
FR icon
333
First Industrial Realty Trust
FR
$8.44B
– –
-51,944
Closed -$1.5M
GIII icon
334
G-III Apparel Group
GIII
$1.5B
– –
-7,200
Closed -$201K
GSBC icon
335
Great Southern Bancorp
GSBC
$878M
– –
-5,053
Closed -$233K
GWW icon
336
W.W. Grainger
GWW
$60.2B
– –
-11,134
Closed -$3.14M
HI
337
DELISTED
Hillenbrand
HI
– –
-9,950
Closed -$377K
HIW icon
338
Highwoods Properties
HIW
$3.47B
– –
-17,697
Closed -$685K
HPQ icon
339
HP
HPQ
$27.5B
– –
-87,245
Closed -$1.78M
IBKR icon
340
Interactive Brokers
IBKR
$39.8B
– –
-36,148
Closed -$494K
INSP icon
341
Inspire Medical Systems
INSP
$1.74B
– –
-7,652
Closed -$323K
INTU icon
342
Intuit
INTU
$89B
– –
-4,401
Closed -$866K
IVZ icon
343
Invesco
IVZ
$13.9B
– –
-53,994
Closed -$904K
LVS icon
344
Las Vegas Sands
LVS
$29.6B
– –
-26,273
Closed -$1.37M
LYB icon
345
LyondellBasell Industries
LYB
$19.2B
– –
-21,891
Closed -$1.82M
MAN icon
346
ManpowerGroup
MAN
$2.63B
– –
-5,750
Closed -$373K
MATX icon
347
Matsons
MATX
$6.18B
– –
-7,294
Closed -$234K
MSM icon
348
MSC Industrial Direct
MSM
$6.86B
– –
-19,322
Closed -$1.49M
MTRN icon
349
Materion
MTRN
$6.04B
– –
-5,930
Closed -$267K
MU icon
350
Micron Technology
MU
$991B
– –
-22,683
Closed -$720K
12 13
14
15 16

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Convergence Investment Partners's Q1 2019 Portfolio in Review

As of Q1 2019, Convergence Investment Partners held 399 positions worth $458M, up 5.2% from $435M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $17.4M in Q1 2019, closing 95 positions and reducing 135 holdings. Its most notable exit was W.W. Grainger, an estimated $3.14M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Ameriprise Financial worth $2.75M.

  • Convergence Investment Partners's largest Q1 2019 buy was Ameriprise Financial: 21,456 shares worth $2.75M.
  • Convergence Investment Partners added most to Wells Fargo in Q1 2019, an estimated $2.87M increase.
  • Convergence Investment Partners's biggest Q1 2019 reduction was CVS Health, cutting an estimated $2.1M.
  • Convergence Investment Partners fully exited W.W. Grainger in Q1 2019, selling an estimated $3.14M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $458M portfolio in Q1 2019.
  • Convergence Investment Partners opened 94 new positions and closed 95 in Q1 2019.
  • Convergence Investment Partners's portfolio value rose 5.2% quarter-over-quarter to $458M.

Based on Convergence Investment Partners's 13F filing for Q1 2019, filed 1 May 2019.