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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
+8.78%
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
$491M
AUM Growth
-$226M
Cap. Flow
-$269M
Cap. Flow %
-54.91%
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$3.53M
2
WBA
Walgreens Boots Alliance
WBA
+$3.41M
3
HST icon
Host Hotels & Resorts
HST
+$2.75M
4
CLGX
Corelogic, Inc.
CLGX
+$2.67M
5
QCOM icon
Qualcomm
QCOM
+$2.19M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$7.05M
2
CA
CA, Inc.
CA
+$6.83M
3
T icon
AT&T
T
+$6.52M
4
CAT icon
Caterpillar
CAT
+$5.37M
5
GIS icon
General Mills
GIS
+$5.04M

Sector Composition

Rank Sector Weight
1 Financials 16.23%
2 Technology 15.94%
3 Healthcare 14.51%
4 Industrials 12.11%
5 Consumer Discretionary 9.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RRC icon
351
Range Resources
RRC
$8.95B
– –
-38,171
Closed -$639K
RS icon
352
Reliance Steel & Aluminium
RS
$21.6B
– –
-24,984
Closed -$2.19M
SAFE
353
Safehold
SAFE
$1.15B
– –
-16,097
Closed -$845K
SHEN icon
354
Shenandoah Telecom
SHEN
$746M
– –
-10,763
Closed -$352K
SJM icon
355
J.M. Smucker
SJM
$12.8B
– –
-8,147
Closed -$876K
SNDR icon
356
Schneider National
SNDR
$6.25B
– –
-7,726
Closed -$213K
SUPN icon
357
Supernus Pharmaceuticals
SUPN
$2.77B
– –
-20,125
Closed -$1.2M
TEX icon
358
Terex
TEX
$7.74B
– –
-78,584
Closed -$3.31M
TPH
359
DELISTED
Tri Pointe Homes
TPH
– –
-83,122
Closed -$1.36M
UFPI icon
360
UFP Industries
UFPI
$5.19B
– –
-18,727
Closed -$686K
UMBF icon
361
UMB Financial
UMBF
$11.1B
– –
-10,522
Closed -$802K
UNFI icon
362
United Natural Foods
UNFI
$2.85B
– –
-9,547
Closed -$407K
VC icon
363
Visteon
VC
$2.78B
– –
-4,811
Closed -$622K
VEEV icon
364
Veeva Systems
VEEV
$37.4B
– –
-6,380
Closed -$490K
WD icon
365
Walker & Dunlop
WD
$1.53B
– –
-20,714
Closed -$1.15M
WDC icon
366
Western Digital
WDC
$150B
– –
-17,325
Closed -$1.01M
WH icon
367
Wyndham Hotels & Resorts
WH
$5.48B
– –
-15,045
Closed -$885K
ZUMZ icon
368
Zumiez
ZUMZ
$339M
– –
-31,047
Closed -$778K
CPAY icon
369
Corpay
CPAY
$25.7B
– –
-4,209
Closed -$887K
CNR
370
Core Natural Resources Inc
CNR
$4.45B
– –
-16,516
Closed -$633K
WRK
371
DELISTED
WestRock Company
WRK
– –
-61,870
Closed -$3.53M
MDC
372
DELISTED
M.D.C. Holdings, Inc.
MDC
– –
-43,416
Closed -$1.15M
RAD
373
DELISTED
Rite Aid Corporation
RAD
– –
-626
Closed -$22K
UMPQ
374
DELISTED
Umpqua Holdings Corp
UMPQ
– –
-47,197
Closed -$1.07M
MGLN
375
DELISTED
Magellan Health Services, Inc.
MGLN
– –
-19,791
Closed -$1.9M
12 13 14
15
16

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Convergence Investment Partners's Q3 2018 Portfolio in Review

As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M 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 Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.

  • Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
  • Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
  • Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
  • Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
  • Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
  • Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.

Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.