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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
+9.38%
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
$352M
AUM Growth
-$7.27M
Cap. Flow
-$33.5M
Cap. Flow %
-9.51%
Top 10 Hldgs %
17.35%
Holding
345
New
51
Increased
46
Reduced
123
Closed
123

Top Buys

Rank Stock Value
1
TNL icon
Travel + Leisure Co
TNL
+$2.66M
2
GIS icon
General Mills
GIS
+$2.22M
3
WHR icon
Whirlpool
WHR
+$2.13M
4
LYB icon
LyondellBasell Industries
LYB
+$1.7M
5
META icon
Meta Platforms (Facebook)
META
+$1.62M

Top Sells

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$2.48M
2
GRMN
Garmin
GRMN
+$2.2M
3
PDM
Piedmont Realty Trust
PDM
+$1.9M
4
IPG
Interpublic Group of Companies
IPG
+$1.55M
5
MANH icon
Manhattan Associates
MANH
+$1.55M

Sector Composition

Rank Sector Weight
1 Financials 17.41%
2 Technology 16.67%
3 Healthcare 13.01%
4 Consumer Discretionary 9.23%
5 Industrials 9.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGRX
326
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
– –
-2,699
Closed -$153K
PACW
327
DELISTED
PacWest Bancorp
PACW
– –
-4,538
Closed -$165K
SYNH
328
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
– –
-2,756
Closed -$147K
MTOR
329
DELISTED
MERITOR, Inc.
MTOR
– –
-7,657
Closed -$142K
NTUS
330
DELISTED
Natus Medical Inc
NTUS
– –
-6,946
Closed -$221K
RVI
331
DELISTED
Retail Value Inc. Common Shares
RVI
– –
-45,016
Closed -$153K
ARNA
332
DELISTED
Arena Pharmaceuticals Inc
ARNA
– –
-23,535
Closed -$1.08M
MGLN
333
DELISTED
Magellan Health Services, Inc.
MGLN
– –
-3,301
Closed -$205K
XLRN
334
DELISTED
Acceleron Pharma
XLRN
– –
-3,764
Closed -$149K
CORE
335
DELISTED
Core Mark Holding Co., Inc.
CORE
– –
-4,370
Closed -$140K
USCR
336
DELISTED
U S Concrete, Inc.
USCR
– –
-2,920
Closed -$161K
ALXN
337
DELISTED
Alexion Pharmaceuticals
ALXN
– –
-11,997
Closed -$1.18M
HMSY
338
DELISTED
HMS Holdings Corp.
HMSY
– –
-30,822
Closed -$1.06M
FBM
339
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
– –
-8,931
Closed -$138K
IBKC
340
DELISTED
IBERIABANK Corp
IBKC
– –
-2,039
Closed -$154K
VIAB
341
DELISTED
Viacom Inc. Class B
VIAB
– –
-58,790
Closed -$1.41M
HZNP
342
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-6,117
Closed -$167K
SIVB
343
DELISTED
SVB Financial Group
SIVB
– –
-613
Closed -$128K
CELG
344
DELISTED
Celgene Corp
CELG
– –
-15,086
Closed -$1.5M
CIT
345
DELISTED
CIT Group Inc.
CIT
– –
-17,747
Closed -$804K
10 11 12 13
14

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Convergence Investment Partners's Q4 2019 Portfolio in Review

As of Q4 2019, Convergence Investment Partners held 345 positions worth $352M, down 2% from $359M the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Convergence Investment Partners withdrew a net $33.5M in Q4 2019, closing 123 positions and reducing 123 holdings. Its most notable exit was Garmin, an estimated $2.2M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Travel + Leisure Co worth $2.88M.

  • Convergence Investment Partners's largest Q4 2019 buy was Travel + Leisure Co: 55,656 shares worth $2.88M.
  • Convergence Investment Partners added most to Meta Platforms (Facebook) in Q4 2019, an estimated $1.62M increase.
  • Convergence Investment Partners's biggest Q4 2019 reduction was Starbucks, cutting an estimated $2.48M.
  • Convergence Investment Partners fully exited Garmin in Q4 2019, selling an estimated $2.2M.
  • Convergence Investment Partners's ten largest holdings make up 17% of its $352M portfolio in Q4 2019.
  • Convergence Investment Partners opened 51 new positions and closed 123 in Q4 2019.
  • Convergence Investment Partners's portfolio value fell 2% quarter-over-quarter to $352M.

Based on Convergence Investment Partners's 13F filing for Q4 2019, filed 22 Jan 2020.