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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
+2.2%
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
$840M
AUM Growth
-$50.9M
Cap. Flow
-$65M
Cap. Flow %
-7.73%
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112

Top Buys

Rank Stock Value
1
MENT
Mentor Graphics Corp
MENT
+$6.15M
2
VZ icon
Verizon
VZ
+$6.08M
3
LDOS icon
Leidos
LDOS
+$5.76M
4
WBD icon
Warner Bros
WBD
+$5.02M
5
AXP icon
American Express
AXP
+$4.99M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$9.73M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$9.71M
3
CMCSA icon
Comcast
CMCSA
+$7.57M
4
IBM icon
IBM
IBM
+$7.27M
5
CYH icon
Community Health Systems
CYH
+$5.87M

Sector Composition

Rank Sector Weight
1 Financials 15.13%
2 Technology 14.49%
3 Industrials 11.97%
4 Healthcare 11.15%
5 Consumer Staples 8.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KG
376
Kestrel Group
KG
$69M
– –
-6,263
Closed -$1.87M
MRC
377
DELISTED
MRC Global
MRC
– –
-48,672
Closed -$628K
MTRX icon
378
Matrix Service
MTRX
$335M
– –
-24,582
Closed -$505K
MUFG icon
379
Mitsubishi UFJ Financial
MUFG
$254B
– –
-10,761
Closed -$67K
NAT icon
380
Nordic American Tanker
NAT
$1.37B
– –
-67,586
Closed -$1.04M
NBHC icon
381
National Bank Holdings
NBHC
$1.9B
– –
-41,002
Closed -$876K
NI icon
382
NiSource
NI
$20.4B
– –
-152,979
Closed -$2.98M
NRG icon
383
NRG Energy
NRG
$24.8B
– –
-162,455
Closed -$1.91M
ORA icon
384
Ormat Technologies
ORA
$6.65B
– –
-38,460
Closed -$1.4M
PAG icon
385
Penske Automotive Group
PAG
$14.2B
– –
-33,492
Closed -$1.42M
PENN icon
386
PENN Entertainment
PENN
$2.71B
– –
-165,358
Closed -$2.65M
PSX icon
387
Phillips 66
PSX
$81.4B
– –
-58,039
Closed -$4.75M
RDUS
388
DELISTED
Radius Recycling
RDUS
– –
-47,684
Closed -$685K
REG icon
389
Regency Centers
REG
$14.1B
– –
-42,586
Closed -$2.9M
RYAM icon
390
Rayonier Advanced Materials
RYAM
$610M
– –
-47,478
Closed -$465K
SAH icon
391
Sonic Automotive
SAH
$2.61B
– –
-64,182
Closed -$1.46M
SIRI icon
392
SiriusXM
SIRI
$10.1B
– –
-30,873
Closed -$1.26M
SO icon
393
Southern Company
SO
$107B
– –
-50,330
Closed -$2.35M
TCRT icon
394
Alaunos Therapeutics
TCRT
$4.86M
– –
-739
Closed -$921K
TDS icon
395
Telephone and Data Systems
TDS
$3.75B
– –
-77,445
Closed -$2M
TM icon
396
Toyota
TM
$225B
– –
-1,912
Closed -$235K
TMUS icon
397
T-Mobile US
TMUS
$190B
– –
-110,282
Closed -$4.31M
VSH icon
398
Vishay Intertechnology
VSH
$5.43B
– –
-179,031
Closed -$2.16M
WAFD icon
399
WaFd
WAFD
$2.75B
– –
-175,658
Closed -$4.19M
WBA
400
DELISTED
Walgreens Boots Alliance
WBA
– –
-2,765
Closed -$235K
14 15
16
17 18

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HW
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LAM
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Convergence Investment Partners's Q1 2016 Portfolio in Review

As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.

  • Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
  • Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
  • Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
  • Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
  • Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
  • Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.

Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.