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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
+2.2%
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
$840M
AUM Growth
-$50.9M
(-5.7%)
Cap. Flow
-$65M
Cap. Flow
% of AUM
-7.73%
Top 10 Holdings %
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MENT
Mentor Graphics Corp
MENT
|
+$6.15M |
| 2 |
Verizon
VZ
|
+$6.08M |
| 3 |
Leidos
LDOS
|
+$5.76M |
| 4 |
Warner Bros
WBD
|
+$5.02M |
| 5 |
American Express
AXP
|
+$4.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$9.73M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$9.71M |
| 3 |
Comcast
CMCSA
|
+$7.57M |
| 4 |
IBM
IBM
|
+$7.27M |
| 5 |
Community Health Systems
CYH
|
+$5.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.13% |
| 2 | Technology | 14.49% |
| 3 | Industrials | 11.97% |
| 4 | Healthcare | 11.15% |
| 5 | Consumer Staples | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Enterprise Financial Services Corp
EFSC
$2.39B
| – | – |
-43,570
| Closed | -$1.24M |
|
352
Equifax
EFX
$21.4B
| – | – |
-13,539
| Closed | -$1.51M |
|
353
FTI Consulting
FCN
$4.18B
| – | – |
-17,788
| Closed | -$617K |
|
354
First Financial Bancorp
FFBC
$3.53B
| – | – |
-47,726
| Closed | -$862K |
|
355
The Greenbrier Companies
GBX
$1.46B
| – | – |
-24,570
| Closed | -$801K |
|
356
General Dynamics
GD
$106B
| – | – |
-18,929
| Closed | -$2.6M |
|
357
Green Dot
GDOT
$745M
| – | – |
-61,786
| Closed | -$1.01M |
|
358
Group 1 Automotive
GPI
$3.18B
| – | – |
-62,624
| Closed | -$4.74M |
|
359
Graphic Packaging
GPK
$3.58B
| – | – |
-170,835
| Closed | -$2.19M |
|
360
Global Payments
GPN
$22.8B
| – | – |
-50,202
| Closed | -$3.24M |
|
361
Goodyear
GT
$1.85B
| – | – |
-111,022
| Closed | -$3.63M |
|
362
Hyatt Hotels
H
$16.7B
| – | – |
-27,093
| Closed | -$1.27M |
|
363
Hanmi Financial
HAFC
$946M
| – | – |
-33,310
| Closed | -$790K |
|
364
Halozyme
HALO
$12.2B
| – | – |
-172,134
| Closed | -$2.98M |
|
365
Hasbro
HAS
$13.2B
| – | – |
-35,875
| Closed | -$2.42M |
|
366
Helen of Troy
HELE
$693M
| – | – |
-29,978
| Closed | -$2.83M |
|
367
Ingles Markets
IMKTA
$1.67B
| – | – |
-30,808
| Closed | -$1.36M |
|
368
Kroger
KR
$34.8B
| – | – |
-103,441
| Closed | -$4.33M |
|
369
Lithia Motors
LAD
$8.26B
| – | – |
-42,630
| Closed | -$4.55M |
|
370
Lam Research
LRCX
$390B
| – | – |
-140,630
| Closed | -$1.12M |
|
371
Lumen
LUMN
$6.44B
| – | – |
-78,985
| Closed | -$1.99M |
|
372
Las Vegas Sands
LVS
$29.6B
| – | – |
-26,032
| Closed | -$1.14M |
|
373
LyondellBasell Industries
LYB
$19.2B
| – | – |
-38,404
| Closed | -$3.34M |
|
374
Lloyds Banking Group
LYG
$91.3B
| – | – |
-14,690
| Closed | -$64K |
|
375
Masco
MAS
$15.3B
| – | – |
-92,638
| Closed | -$2.62M |
|
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Convergence Investment Partners's Q1 2016 Portfolio in Review
As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.
- Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
- Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
- Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
- Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
- Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
- Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
- Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.
Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.