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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
+8.35%
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
$747M
AUM Growth
+$17.7M
Cap. Flow
-$22.8M
Cap. Flow %
-3.05%
Top 10 Hldgs %
13.37%
Holding
460
New
104
Increased
109
Reduced
123
Closed
110

Top Buys

Rank Stock Value
1
MS icon
Morgan Stanley
MS
+$6.31M
2
PBF icon
PBF Energy
PBF
+$5.47M
3
UFS
DOMTAR CORPORATION (New)
UFS
+$5.01M
4
EMR icon
Emerson Electric
EMR
+$4.68M
5
WNR
Western Refining Inc
WNR
+$4.57M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$4.43M
2
XOM icon
ExxonMobil
XOM
+$4.31M
3
HP icon
Helmerich & Payne
HP
+$3.49M
4
HAL icon
Halliburton
HAL
+$3.48M
5
AVA icon
Avista
AVA
+$3.37M

Sector Composition

Rank Sector Weight
1 Financials 14.61%
2 Technology 13.68%
3 Industrials 11.18%
4 Healthcare 10.93%
5 Consumer Discretionary 9.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EBS icon
376
Emergent Biosolutions
EBS
$248M
– –
-58,672
Closed -$1.25M
ENTA icon
377
Enanta Pharmaceuticals
ENTA
$400M
– –
-53,130
Closed -$2.1M
EQR icon
378
Equity Residential
EQR
$25.1B
– –
-16,160
Closed -$995K
ESE icon
379
ESCO Technologies
ESE
$7.92B
– –
-33,220
Closed -$1.16M
ESI icon
380
Element Solutions
ESI
$9.23B
– –
-52,435
Closed -$1.31M
FCNCA icon
381
First Citizens BancShares
FCNCA
$25.3B
– –
-7,340
Closed -$1.59M
FITB
382
Fifth Third Bancorp
FITB
$51.8B
– –
-44,831
Closed -$898K
FL
383
DELISTED
Foot Locker
FL
– –
-46,928
Closed -$2.61M
TDAY
384
USA Today Co
TDAY
$1.06B
– –
-66,270
Closed -$1.1M
GMED icon
385
Globus Medical
GMED
$11.2B
– –
-110,730
Closed -$2.18M
GPK icon
386
Graphic Packaging
GPK
$3.58B
– –
-93,886
Closed -$1.17M
H icon
387
Hyatt Hotels
H
$16.7B
– –
-50,192
Closed -$3.04M
HAFC icon
388
Hanmi Financial
HAFC
$946M
– –
-52,047
Closed -$1.05M
HAL icon
389
Halliburton
HAL
$26.6B
– –
-53,891
Closed -$3.48M
HBAN icon
390
Huntington Bancshares
HBAN
$35.5B
– –
-85,314
Closed -$830K
HBI
391
DELISTED
Hanesbrands
HBI
– –
-39,156
Closed -$1.05M
HMC icon
392
Honda
HMC
$41.3B
– –
-5,930
Closed -$203K
HP icon
393
Helmerich & Payne
HP
$3.71B
– –
-35,694
Closed -$3.49M
IEX icon
394
IDEX
IEX
$17.3B
– –
-16,710
Closed -$1.21M
ITGR icon
395
Integer Holdings
ITGR
$4.26B
– –
-34,540
Closed -$1.34M
KFY icon
396
Korn Ferry
KFY
$4.28B
– –
-83,142
Closed -$2.07M
LZB icon
397
La-Z-Boy
LZB
$1.69B
– –
-35,853
Closed -$710K
MCD icon
398
McDonald's
MCD
$195B
– –
-10,791
Closed -$1.02M
MCY icon
399
Mercury Insurance
MCY
$6.07B
– –
-13,215
Closed -$645K
MOD icon
400
Modine Manufacturing
MOD
$10.4B
– –
-74,550
Closed -$885K
14 15
16
17 18

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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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BGIM
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Convergence Investment Partners's Q4 2014 Portfolio in Review

As of Q4 2014, Convergence Investment Partners held 460 positions worth $747M, up 2.4% from $729M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $22.8M in Q4 2014, closing 110 positions and reducing 123 holdings. Its most notable exit was Bank of New York Mellon, an estimated $4.43M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Morgan Stanley worth $6.89M.

  • Convergence Investment Partners's largest Q4 2014 buy was Morgan Stanley: 177,492 shares worth $6.89M.
  • Convergence Investment Partners added most to IBM in Q4 2014, an estimated $3.21M increase.
  • Convergence Investment Partners's biggest Q4 2014 reduction was ExxonMobil, cutting an estimated $4.31M.
  • Convergence Investment Partners fully exited Bank of New York Mellon in Q4 2014, selling an estimated $4.43M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $747M portfolio in Q4 2014.
  • Convergence Investment Partners opened 104 new positions and closed 110 in Q4 2014.
  • Convergence Investment Partners's portfolio value rose 2.4% quarter-over-quarter to $747M.

Based on Convergence Investment Partners's 13F filing for Q4 2014, filed 11 Feb 2015.