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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
+3.91%
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
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCHB
351
Mechanics Bancorp
MCHB
$3.72B
– –
-51,913
Closed -$1.64M
HPP
352
Hudson Pacific Properties
HPP
$729M
– –
-12,110
Closed -$2.95M
HWC icon
353
Hancock Whitney
HWC
$6.22B
– –
-56,402
Closed -$2.43M
IDA icon
354
Idacorp
IDA
$8.15B
– –
-33,610
Closed -$2.71M
IDXX icon
355
Idexx Laboratories
IDXX
$46.5B
– –
-19,095
Closed -$2.24M
IQV icon
356
IQVIA
IQV
$38.3B
– –
-17,616
Closed -$1.34M
KO icon
357
Coca-Cola
KO
$374B
– –
-5,369
Closed -$223K
LEN icon
358
Lennar Class A
LEN
$20.4B
– –
-20,097
Closed -$821K
LNT icon
359
Alliant Energy
LNT
$18B
– –
-5,660
Closed -$214K
LZB icon
360
La-Z-Boy
LZB
$1.63B
– –
-48,168
Closed -$1.5M
MED icon
361
Medifast
MED
$136M
– –
-30,121
Closed -$1.25M
MOH icon
362
Molina Healthcare
MOH
$10B
– –
-17,107
Closed -$928K
NAVI icon
363
Navient
NAVI
$892M
– –
-197,074
Closed -$3.24M
NHI icon
364
National Health Investors
NHI
$3.65B
– –
-19,621
Closed -$1.46M
OC icon
365
Owens Corning
OC
$11.9B
– –
-41,058
Closed -$2.12M
OFG icon
366
OFG Bancorp
OFG
$2.24B
– –
-92,592
Closed -$1.21M
OKE icon
367
Oneok
OKE
$55.4B
– –
-49,846
Closed -$2.86M
ONTO icon
368
Onto Innovation
ONTO
$13.4B
– –
-71,346
Closed -$1.79M
PDM
369
Piedmont Realty Trust
PDM
$1.18B
– –
-155,112
Closed -$3.24M
PWR icon
370
Quanta Services
PWR
$100B
– –
-45,848
Closed -$1.6M
QLYS icon
371
Qualys
QLYS
$6.29B
– –
-52,621
Closed -$1.67M
REX icon
372
REX American Resources
REX
$1.43B
– –
-15,384
Closed -$253K
RGA icon
373
Reinsurance Group of America
RGA
$15.5B
– –
-15,935
Closed -$2M
ROCK icon
374
Gibraltar Industries
ROCK
$1.51B
– –
-32,932
Closed -$1.37M
SAFE
375
Safehold
SAFE
$1.13B
– –
-21,125
Closed -$1.27M
13 14
15
16 17

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SFP
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NRG
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HW
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LAM
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BGIM
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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.