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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
+2.92%
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
$359M
AUM Growth
-$54.9M
Cap. Flow
-$60.4M
Cap. Flow %
-16.81%
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88

Top Buys

Rank Stock Value
1
SO icon
Southern Company
SO
+$2.55M
2
IPG
Interpublic Group of Companies
IPG
+$2.43M
3
DUK icon
Duke Energy
DUK
+$2.37M
4
T icon
AT&T
T
+$2.36M
5
MDT icon
Medtronic
MDT
+$2.1M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$4.68M
2
VZ icon
Verizon
VZ
+$3.21M
3
CMCSA icon
Comcast
CMCSA
+$3.15M
4
AVB icon
AvalonBay Communities
AVB
+$2.59M
5
UNP icon
Union Pacific
UNP
+$2.52M

Sector Composition

Rank Sector Weight
1 Technology 16.97%
2 Financials 16.77%
3 Healthcare 12.46%
4 Industrials 10.79%
5 Consumer Staples 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ECHO
351
EchoStar
ECHO
$26.2B
– –
-3,243
Closed -$116K
SF
352
Stifel
SF
$12.6B
– –
-29,207
Closed -$767K
SON icon
353
Sonoco
SON
$5.74B
– –
-17,284
Closed -$1.13M
SSYS icon
354
Stratasys
SSYS
$774M
– –
-6,626
Closed -$195K
SVC
355
Service Properties Trust
SVC
$1.07B
– –
-12,964
Closed -$1.62M
TFC icon
356
Truist Financial
TFC
$64B
– –
-19,851
Closed -$975K
TGNA
357
DELISTED
TEGNA Inc
TGNA
– –
-11,841
Closed -$179K
THG icon
358
Hanover Insurance
THG
$7.98B
– –
-1,633
Closed -$210K
THRM icon
359
Gentherm
THRM
$1.27B
– –
-3,490
Closed -$146K
TKR icon
360
Timken Company
TKR
$9.03B
– –
-22,787
Closed -$1.17M
UAL icon
361
United Airlines
UAL
$42.1B
– –
-19,314
Closed -$1.69M
ULTA icon
362
Ulta Beauty
ULTA
$24.3B
– –
-1,198
Closed -$416K
WCC
363
WESCO International
WCC
$17.7B
– –
-3,714
Closed -$188K
WNC icon
364
Wabash National
WNC
$527M
– –
-10,439
Closed -$170K
XHR
365
Xenia Hotels & Resorts
XHR
$1.79B
– –
-33,066
Closed -$689K
XPO icon
366
XPO
XPO
$23.7B
– –
-84,223
Closed -$1.68M
YETI icon
367
Yeti Holdings
YETI
$3.95B
– –
-5,015
Closed -$145K
BERY
368
DELISTED
Berry Global Group, Inc.
BERY
– –
-9,907
Closed -$478K
WIRE
369
DELISTED
Encore Wire Corp
WIRE
– –
-3,007
Closed -$176K
ARGO
370
DELISTED
Argo Group International Holdings, Ltd.
ARGO
– –
-2,732
Closed -$202K
NXGN
371
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
– –
-10,910
Closed -$217K
CSII
372
DELISTED
Cardiovascular Systems, Inc.
CSII
– –
-5,869
Closed -$252K
NUAN
373
DELISTED
Nuance Communications, Inc.
NUAN
– –
-154,067
Closed -$2.13M
ECHO
374
DELISTED
Echo Global Logistics, Inc.
ECHO
– –
-5,686
Closed -$119K
PRAH
375
DELISTED
PRA Health Sciences, Inc.
PRAH
– –
-13,923
Closed -$1.38M
12 13 14
15
16

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LAM
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Convergence Investment Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.

  • Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
  • Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
  • Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
  • Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
  • Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
  • Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.

Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.