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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
+2.92%
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
$359M
AUM Growth
-$54.9M
Cap. Flow
-$60.4M
Cap. Flow %
-16.81%
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88

Top Buys

Rank Stock Value
1
SO icon
Southern Company
SO
+$2.55M
2
IPG
Interpublic Group of Companies
IPG
+$2.43M
3
DUK icon
Duke Energy
DUK
+$2.37M
4
T icon
AT&T
T
+$2.36M
5
MDT icon
Medtronic
MDT
+$2.1M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$4.68M
2
VZ icon
Verizon
VZ
+$3.21M
3
CMCSA icon
Comcast
CMCSA
+$3.15M
4
AVB icon
AvalonBay Communities
AVB
+$2.59M
5
UNP icon
Union Pacific
UNP
+$2.52M

Sector Composition

Rank Sector Weight
1 Technology 16.97%
2 Financials 16.77%
3 Healthcare 12.46%
4 Industrials 10.79%
5 Consumer Staples 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HSII
326
DELISTED
Heidrick & Struggles
HSII
– –
-6,476
Closed -$194K
HWC icon
327
Hancock Whitney
HWC
$6.24B
– –
-6,050
Closed -$242K
INTU icon
328
Intuit
INTU
$89B
– –
-8,700
Closed -$2.27M
JACK icon
329
Jack in the Box
JACK
$335M
– –
-2,469
Closed -$201K
KEY icon
330
KeyCorp
KEY
$24.4B
– –
-50,796
Closed -$902K
KFRC icon
331
Kforce
KFRC
$1.06B
– –
-6,766
Closed -$237K
KSS icon
332
Kohl's
KSS
$2.19B
– –
-19,125
Closed -$909K
LULU icon
333
lululemon athletica
LULU
$14.6B
– –
-3,130
Closed -$564K
MED icon
334
Medifast
MED
$141M
– –
-820
Closed -$105K
MTD icon
335
Mettler-Toledo International
MTD
$28.6B
– –
-1,886
Closed -$1.58M
NFLX icon
336
Netflix
NFLX
$309B
– –
-8,070
Closed -$296K
NSIT icon
337
Insight Enterprises
NSIT
$4.38B
– –
-2,502
Closed -$146K
NTAP icon
338
NetApp
NTAP
$37.2B
– –
-18,838
Closed -$1.16M
NXST icon
339
Nexstar Media Group
NXST
$5.97B
– –
-1,874
Closed -$189K
OGE icon
340
OGE Energy
OGE
$9.71B
– –
-33,741
Closed -$1.44M
OI icon
341
O-I Glass
OI
$1.08B
– –
-60,669
Closed -$1.05M
ORLY icon
342
O'Reilly Automotive
ORLY
$76.3B
– –
-54,690
Closed -$1.35M
PCRX icon
343
Pacira BioSciences
PCRX
$997M
– –
-4,010
Closed -$174K
PGR icon
344
Progressive
PGR
$125B
– –
-17,952
Closed -$1.44M
PLNT icon
345
Planet Fitness
PLNT
$3.78B
– –
-15,376
Closed -$1.11M
PPG icon
346
PPG Industries
PPG
$26.6B
– –
-9,900
Closed -$1.16M
PRI icon
347
Primerica
PRI
$9.89B
– –
-1,613
Closed -$193K
RCL icon
348
Royal Caribbean
RCL
$85.6B
– –
-10,427
Closed -$1.26M
RLJ icon
349
RLJ Lodging Trust
RLJ
$1.69B
– –
-59,485
Closed -$1.05M
RMR icon
350
The RMR Group
RMR
$332M
– –
-4,272
Closed -$201K
12 13
14
15 16

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HW
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LAM
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Convergence Investment Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.

  • Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
  • Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
  • Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
  • Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
  • Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
  • Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.

Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.