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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
+4.24%
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
$720M
AUM Growth
-$26.9M
(-3.6%)
Cap. Flow
-$44.5M
Cap. Flow
% of AUM
-6.17%
Top 10 Holdings %
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$4.58M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$4.34M |
| 3 |
Merck
MRK
|
+$4.27M |
| 4 |
Citigroup
C
|
+$3.83M |
| 5 |
State Street
STT
|
+$3.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$7.97M |
| 2 |
Morgan Stanley
MS
|
+$6.89M |
| 3 |
Phillips 66
PSX
|
+$5.71M |
| 4 |
HP
HPQ
|
+$5.4M |
| 5 |
JPMorgan Chase
JPM
|
+$4.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.77% |
| 2 | Financials | 14.29% |
| 3 | Healthcare | 12.04% |
| 4 | Industrials | 11.67% |
| 5 | Consumer Discretionary | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Extra Space Storage
EXR
$31.6B
| – | – |
-43,500
| Closed | -$2.55M |
|
377
FirstEnergy
FE
$27.5B
| – | – |
-51,570
| Closed | -$2.01M |
|
378
General Dynamics
GD
$106B
| – | – |
-31,695
| Closed | -$4.36M |
|
379
Group 1 Automotive
GPI
$3.18B
| – | – |
-30,087
| Closed | -$2.7M |
|
380
HCA Healthcare
HCA
$89.5B
| – | – |
-26,269
| Closed | -$1.93M |
|
|
HI
381
DELISTED
Hillenbrand
HI
| – | – |
-38,228
| Closed | -$1.32M |
|
382
Helix Energy Solutions
HLX
$1.41B
| – | – |
-131,176
| Closed | -$2.85M |
|
383
Hancock Whitney
HWC
$6.24B
| – | – |
-50,863
| Closed | -$1.56M |
|
384
Innospec
IOSP
$2.28B
| – | – |
-19,910
| Closed | -$850K |
|
385
iShares Russell 2000 ETF
IWM
$83B
| – | – |
-28,300
| Closed | -$3.38M |
|
386
Meta Platforms (Facebook)
META
$1.51T
| – | – |
-36,732
| Closed | -$2.87M |
|
387
Marcus & Millichap
MMI
$1.19B
| – | – |
-50,270
| Closed | -$1.67M |
|
|
CALY
388
Callaway Golf Company
CALY
$3.14B
| – | – |
-71,568
| Closed | -$551K |
|
389
The Mosaic Company
MOS
$7.33B
| – | – |
-49,788
| Closed | -$2.27M |
|
|
390
Morgan Stanley
MS
$340B
| – | – |
-177,492
| Closed | -$6.89M |
|
391
Myriad Genetics
MYGN
$312M
| – | – |
-47,424
| Closed | -$1.61M |
|
392
Nabors Industries
NBR
$1.21B
| – | – |
-5,371
| Closed | -$3.49M |
|
393
Nektar Therapeutics
NKTR
$2.58B
| – | – |
-5,585
| Closed | -$1.3M |
|
394
Nelnet
NNI
$4.7B
| – | – |
-18,476
| Closed | -$856K |
|
395
Norfolk Southern
NSC
$75.1B
| – | – |
-8,168
| Closed | -$895K |
|
396
NETSCOUT
NTCT
$2.79B
| – | – |
-29,556
| Closed | -$1.08M |
|
397
Old National Bancorp
ONB
$10.2B
| – | – |
-65,318
| Closed | -$972K |
|
398
OneSpan
OSPN
$618M
| – | – |
-42,428
| Closed | -$1.2M |
|
399
OraSure Technologies
OSUR
$279M
| – | – |
-166,320
| Closed | -$1.69M |
|
400
PACCAR
PCAR
$70.1B
| – | – |
-44,034
| Closed | -$2M |
|
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Convergence Investment Partners's Q1 2015 Portfolio in Review
As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.
- Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
- Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
- Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
- Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
- Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
- Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
- Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.
Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.