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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GME icon
351
GameStop
GME
$8.6B
– –
-75,740
Closed -$503K
GPI icon
352
Group 1 Automotive
GPI
$3.18B
– –
-11,613
Closed -$573K
HEES
353
DELISTED
H&E Equipment Services
HEES
– –
-34,340
Closed -$653K
HLF icon
354
Herbalife
HLF
$1.29B
– –
-138,432
Closed -$4.05M
HURN icon
355
Huron Consulting
HURN
$2.42B
– –
-26,552
Closed -$1.6M
IRM icon
356
Iron Mountain
IRM
$36.1B
– –
-21,564
Closed -$859K
J icon
357
Jacobs Solutions
J
$17B
– –
-30,663
Closed -$1.26M
JAZZ icon
358
Jazz Pharmaceuticals
JAZZ
$16.7B
– –
-13,615
Closed -$1.92M
KEY icon
359
KeyCorp
KEY
$24.4B
– –
-198,118
Closed -$2.19M
KFRC icon
360
Kforce
KFRC
$1.06B
– –
-79,520
Closed -$1.34M
KIM icon
361
Kimco Realty
KIM
$16.4B
– –
-47,641
Closed -$1.5M
LDOS icon
362
Leidos
LDOS
$17.3B
– –
-114,553
Closed -$5.48M
LIVN icon
363
LivaNova
LIVN
$4.2B
– –
-37,644
Closed -$1.89M
LMT icon
364
Lockheed Martin
LMT
$136B
– –
-11,754
Closed -$2.92M
LOW icon
365
Lowe's Companies
LOW
$125B
– –
-2,660
Closed -$211K
LUV icon
366
Southwest Airlines
LUV
$23B
– –
-62,426
Closed -$2.45M
MAA icon
367
Mid-America Apartment Communities
MAA
$15.7B
– –
-16,820
Closed -$1.79M
MAR icon
368
Marriott International
MAR
$92.3B
– –
-17,936
Closed -$1.19M
MDU icon
369
MDU Resources
MDU
$4.32B
– –
-151,552
Closed -$1.38M
MORN icon
370
Morningstar
MORN
$7.53B
– –
-10,344
Closed -$846K
MOV icon
371
Movado Group
MOV
$841M
– –
-50,800
Closed -$1.1M
NWN icon
372
Northwest Natural Holdings
NWN
$2.12B
– –
-54,370
Closed -$3.52M
ON icon
373
ON Semiconductor
ON
$31.6B
– –
-483,421
Closed -$4.26M
PARA
374
DELISTED
Paramount Global Class B
PARA
– –
-38,649
Closed -$2.1M
PAYX icon
375
Paychex
PAYX
$42.7B
– –
-71,070
Closed -$4.23M
13 14
15
16 17

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HW
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LAM
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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M 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 Industrials.

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.