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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
+3.91%
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
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SIRI icon
376
SiriusXM
SIRI
$10.1B
– –
-48,885
Closed -$2.17M
SKT icon
377
Tanger
SKT
$4.52B
– –
-40,076
Closed -$1.43M
SPB icon
378
Spectrum Brands
SPB
$2.03B
– –
-1,860
Closed -$228K
SXC icon
379
SunCoke Energy
SXC
$815M
– –
-101,333
Closed -$1.15M
TREX icon
380
Trex
TREX
$4.93B
– –
-155,440
Closed -$2.5M
TWI icon
381
Titan International
TWI
$465M
– –
-116,554
Closed -$1.31M
URBN icon
382
Urban Outfitters
URBN
$6.65B
– –
-73,331
Closed -$2.09M
VIAV icon
383
Viavi Solutions
VIAV
$10B
– –
-157,068
Closed -$1.28M
VYX icon
384
NCR Voyix
VYX
$1.15B
– –
-58,660
Closed -$1.46M
WKC icon
385
World Kinect Corp
WKC
$1.9B
– –
-68,132
Closed -$3.13M
WOR icon
386
Worthington Enterprises
WOR
$2.83B
– –
-79,186
Closed -$2.32M
XRX icon
387
Xerox
XRX
$424M
– –
-15,239
Closed -$351K
ONIT
388
Onity Group
ONIT
$311M
– –
-17,883
Closed -$1.45M
MDRX
389
DELISTED
Veradigm Inc. Common Stock
MDRX
– –
-338,130
Closed -$3.45M
UNVR
390
DELISTED
Univar Solutions Inc.
UNVR
– –
-62,099
Closed -$1.76M
TEN
391
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-23,733
Closed -$1.48M
CNR
392
DELISTED
Cornerstone Building Brands, Inc.
CNR
– –
-92,728
Closed -$1.45M
LMNX
393
DELISTED
Luminex Corp
LMNX
– –
-39,160
Closed -$792K
NAV
394
DELISTED
Navistar International
NAV
– –
-48,879
Closed -$1.53M
CLGX
395
DELISTED
Corelogic, Inc.
CLGX
– –
-82,844
Closed -$3.05M
WDR
396
DELISTED
Waddell & Reed Financial, Inc.
WDR
– –
-43,597
Closed -$851K
HMSY
397
DELISTED
HMS Holdings Corp.
HMSY
– –
-70,122
Closed -$1.27M
ACIA
398
DELISTED
Acacia Communications Inc
ACIA
– –
-14,765
Closed -$912K
MNK
399
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
– –
-5,605
Closed -$279K
CBPX
400
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
– –
-65,665
Closed -$1.52M
13 14 15
16
17

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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.