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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLF icon
351
Cleveland-Cliffs
CLF
$7.02B
– –
-184,710
Closed -$1.52M
CNA icon
352
CNA Financial
CNA
$14.3B
– –
-7,408
Closed -$327K
CPS icon
353
Cooper-Standard Automotive
CPS
$546M
– –
-12,575
Closed -$1.4M
CPT icon
354
Camden Property Trust
CPT
$11B
– –
-18,019
Closed -$1.45M
DAR icon
355
Darling Ingredients
DAR
$9.56B
– –
-358,456
Closed -$5.21M
DFS
356
DELISTED
Discover Financial Services
DFS
– –
-5,418
Closed -$371K
DTE icon
357
DTE Energy
DTE
$29.5B
– –
-3,272
Closed -$284K
EME icon
358
Emcor
EME
$36.2B
– –
-20,494
Closed -$1.29M
EXEL icon
359
Exelixis
EXEL
$14.1B
– –
-93,352
Closed -$2.02M
FCF icon
360
First Commonwealth Financial
FCF
$2.22B
– –
-50,865
Closed -$674K
FCN icon
361
FTI Consulting
FCN
$4.34B
– –
-13,282
Closed -$547K
FE icon
362
FirstEnergy
FE
$27.9B
– –
-28,682
Closed -$913K
FFIV icon
363
F5
FFIV
$23.4B
– –
-2,382
Closed -$340K
FIBK icon
364
First Interstate BancSystem
FIBK
$3.73B
– –
-16,751
Closed -$664K
FOR icon
365
Forestar Group
FOR
$1.5B
– –
-59,315
Closed -$810K
FR icon
366
First Industrial Realty Trust
FR
$8.5B
– –
-54,624
Closed -$1.46M
GME icon
367
GameStop
GME
$8.62B
– –
-130,252
Closed -$734K
GRMN
368
Garmin
GRMN
$59.3B
– –
-12,889
Closed -$659K
GTLS
369
DELISTED
Chart Industries
GTLS
– –
-46,025
Closed -$1.61M
BRSL
370
Brightstar Lottery PLC
BRSL
$2.08B
– –
-61,346
Closed -$1.45M
ITGR icon
371
Integer Holdings
ITGR
$4.25B
– –
-9,628
Closed -$387K
J icon
372
Jacobs Solutions
J
$16.8B
– –
-26,304
Closed -$1.2M
LPLA icon
373
LPL Financial
LPLA
$27.9B
– –
-41,029
Closed -$1.63M
LXP icon
374
LXP Industrial Trust
LXP
$3.57B
– –
-5,796
Closed -$289K
MA icon
375
Mastercard
MA
$500B
– –
-29,664
Closed -$3.34M
13 14
15
16 17

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SFP
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ECM
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NRG
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HW
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LAM
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SPC
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BGIM
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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.