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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
+12.88%
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
$458M
AUM Growth
+$22.8M
(+5.2%)
Cap. Flow
-$17.4M
Cap. Flow
% of AUM
-3.81%
Top 10 Holdings %
Top 10 Hldgs %
16.08%
Holding
399
New
94
Increased
75
Reduced
135
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$2.87M |
| 2 |
Ameriprise Financial
AMP
|
+$2.66M |
| 3 |
Procter & Gamble
PG
|
+$2.07M |
| 4 |
PayPal
PYPL
|
+$1.96M |
| 5 |
Illinois Tool Works
ITW
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
W.W. Grainger
GWW
|
+$3.14M |
| 2 |
HF Sinclair
DINO
|
+$2.65M |
| 3 |
Archer Daniels Midland
ADM
|
+$2.12M |
| 4 |
CVS Health
CVS
|
+$2.1M |
| 5 |
PBF Energy
PBF
|
+$2.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.41% |
| 2 | Financials | 15.59% |
| 3 | Healthcare | 13.63% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Murphy Oil
MUR
$4.78B
| – | – |
-11,145
| Closed | -$261K |
|
352
Norfolk Southern
NSC
$75.1B
| – | – |
-10,192
| Closed | -$1.52M |
|
353
Nexstar Media Group
NXST
$5.97B
| – | – |
-4,707
| Closed | -$370K |
|
354
O'Reilly Automotive
ORLY
$76.3B
| – | – |
-82,200
| Closed | -$1.89M |
|
|
355
PBF Energy
PBF
$7.31B
| – | – |
-63,447
| Closed | -$2.07M |
|
356
Prestige Consumer Healthcare
PBH
$2.6B
| – | – |
-13,374
| Closed | -$413K |
|
357
Pultegroup
PHM
$25.3B
| – | – |
-13,470
| Closed | -$350K |
|
358
Park Hotels & Resorts
PK
$2.97B
| – | – |
-55,383
| Closed | -$1.44M |
|
359
PNC Financial Services
PNC
$101B
| – | – |
-3,839
| Closed | -$449K |
|
360
Radian Group
RDN
$4.93B
| – | – |
-27,490
| Closed | -$450K |
|
361
RH
RH
$3.71B
| – | – |
-3,151
| Closed | -$378K |
|
362
Roper Technologies
ROP
$39.8B
| – | – |
-2,775
| Closed | -$740K |
|
363
Rayonier
RYN
$6.55B
| – | – |
-9,923
| Closed | -$249K |
|
364
Boston Beer
SAM
$1.92B
| – | – |
-1,062
| Closed | -$256K |
|
365
Sanmina
SANM
$10.9B
| – | – |
-16,059
| Closed | -$386K |
|
|
SHOE
366
Shoe Station Group
SHOE
$428M
| – | – |
-20,702
| Closed | -$347K |
|
367
Signet Jewelers
SIG
$3.76B
| – | – |
-9,187
| Closed | -$292K |
|
368
Silicon Laboratories
SLAB
$7.23B
| – | – |
-5,353
| Closed | -$422K |
|
369
SPS Commerce
SPSC
$2.64B
| – | – |
-10,402
| Closed | -$428K |
|
370
Steel Dynamics
STLD
$37.6B
| – | – |
-18,799
| Closed | -$565K |
|
371
Constellation Brands
STZ
$23.2B
| – | – |
-7,701
| Closed | -$1.24M |
|
372
Truist Financial
TFC
$64B
| – | – |
-26,447
| Closed | -$1.15M |
|
373
Travel + Leisure Co
TNL
$4.7B
| – | – |
-26,036
| Closed | -$933K |
|
374
Tesla
TSLA
$1.3T
| – | – |
-27,000
| Closed | -$599K |
|
375
Tyson Foods
TSN
$20.4B
| – | – |
-12,669
| Closed | -$677K |
|
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Convergence Investment Partners's Q1 2019 Portfolio in Review
As of Q1 2019, Convergence Investment Partners held 399 positions worth $458M, up 5.2% from $435M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Convergence Investment Partners withdrew a net $17.4M in Q1 2019, closing 95 positions and reducing 135 holdings. Its most notable exit was W.W. Grainger, an estimated $3.14M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Ameriprise Financial worth $2.75M.
- Convergence Investment Partners's largest Q1 2019 buy was Ameriprise Financial: 21,456 shares worth $2.75M.
- Convergence Investment Partners added most to Wells Fargo in Q1 2019, an estimated $2.87M increase.
- Convergence Investment Partners's biggest Q1 2019 reduction was CVS Health, cutting an estimated $2.1M.
- Convergence Investment Partners fully exited W.W. Grainger in Q1 2019, selling an estimated $3.14M.
- Convergence Investment Partners's ten largest holdings make up 16% of its $458M portfolio in Q1 2019.
- Convergence Investment Partners opened 94 new positions and closed 95 in Q1 2019.
- Convergence Investment Partners's portfolio value rose 5.2% quarter-over-quarter to $458M.
Based on Convergence Investment Partners's 13F filing for Q1 2019, filed 1 May 2019.