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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PLAB icon
376
Photronics
PLAB
$1.93B
– –
-175,966
Closed -$1.57M
PPC icon
377
Pilgrim's Pride
PPC
$6.54B
– –
-147,827
Closed -$3.77M
PVH icon
378
PVH
PVH
$4.04B
– –
-5,882
Closed -$554K
RCL icon
379
Royal Caribbean
RCL
$85.6B
– –
-25,841
Closed -$1.74M
RHI icon
380
Robert Half
RHI
$4.37B
– –
-27,601
Closed -$1.05M
ROCK icon
381
Gibraltar Industries
ROCK
$1.49B
– –
-41,890
Closed -$1.32M
RS icon
382
Reliance Steel & Aluminium
RS
$21.6B
– –
-10,950
Closed -$842K
SHO icon
383
Sunstone Hotel Investors
SHO
$2.06B
– –
-157,688
Closed -$1.9M
SNX icon
384
TD Synnex
SNX
$20.2B
– –
-33,432
Closed -$1.58M
STLD icon
385
Steel Dynamics
STLD
$37.6B
– –
-32,900
Closed -$806K
TBI
386
Trueblue
TBI
$311M
– –
-81,130
Closed -$1.53M
TCBK icon
387
TriCo Bancshares
TCBK
$1.83B
– –
-31,354
Closed -$865K
TEAM icon
388
Atlassian
TEAM
$37.8B
– –
-80,120
Closed -$2.08M
TOL icon
389
Toll Brothers
TOL
$14.5B
– –
-55,787
Closed -$1.5M
TPR icon
390
Tapestry
TPR
$32.8B
– –
-34,373
Closed -$1.4M
TXRH icon
391
Texas Roadhouse
TXRH
$13.7B
– –
-37,300
Closed -$1.7M
UGI icon
392
UGI
UGI
$7.33B
– –
-5,883
Closed -$266K
XHR
393
Xenia Hotels & Resorts
XHR
$1.79B
– –
-98,643
Closed -$1.66M
XYZ
394
Block Inc
XYZ
$47.5B
– –
-94,875
Closed -$859K
SIX
395
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-22,222
Closed -$1.29M
TAST
396
DELISTED
Carrols Restaurant Group, Inc.
TAST
– –
-125,490
Closed -$1.49M
MDRX
397
DELISTED
Veradigm Inc. Common Stock
MDRX
– –
-143,540
Closed -$1.82M
SYNH
398
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
– –
-42,720
Closed -$1.63M
LSI
399
DELISTED
Life Storage, Inc.
LSI
– –
-3,365
Closed -$235K
ACOR
400
DELISTED
Acorda Therapeutics
ACOR
– –
-168
Closed -$514K
14 15
16
17 18

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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.