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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
(-4%)
Cap. Flow
-$43.8M
Cap. Flow
% of AUM
-6.4%
Top 10 Holdings %
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LM
Legg Mason, Inc.
LM
|
+$5.96M |
| 2 |
Evercore
EVR
|
+$4.79M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$4.29M |
| 4 |
AZPN
ASPEN TECHNOLOGY INC
AZPN
|
+$4.22M |
| 5 |
Avista
AVA
|
+$4.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Darling Ingredients
DAR
|
+$5.21M |
| 2 |
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
|
+$5.17M |
| 3 |
Southwest Gas
SWX
|
+$5.09M |
| 4 |
Sunstone Hotel Investors
SHO
|
+$4.25M |
| 5 |
HRG
HRG Group, Inc.
HRG
|
+$3.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.55% |
| 2 | Technology | 13.89% |
| 3 | Industrials | 13.5% |
| 4 | Healthcare | 12.43% |
| 5 | Consumer Discretionary | 10.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Mercury Insurance
MCY
$5.94B
| – | – |
-3,366
| Closed | -$205K |
|
|
KG
377
Kestrel Group
KG
$66.7M
| – | – |
-1,596
| Closed | -$447K |
|
378
Match Group
MTCH
$9.46B
| – | – |
-55,020
| Closed | -$898K |
|
379
Micron Technology
MU
$937B
| – | – |
-34,850
| Closed | -$1.01M |
|
380
MYR Group
MYRG
$5.26B
| – | – |
-9,862
| Closed | -$404K |
|
381
Nabors Industries
NBR
$1.25B
| – | – |
-2,918
| Closed | -$1.91M |
|
382
Nordson
NDSN
$16.9B
| – | – |
-2,680
| Closed | -$329K |
|
383
Insperity
NSP
$2.05B
| – | – |
-7,020
| Closed | -$311K |
|
384
NVIDIA
NVDA
$5.01T
| – | – |
-554,080
| Closed | -$1.51M |
|
385
Orthofix Medical
OFIX
$496M
| – | – |
-38,020
| Closed | -$1.45M |
|
386
Occidental Petroleum
OXY
$55.2B
| – | – |
-33,538
| Closed | -$2.13M |
|
387
Penske Automotive Group
PAG
$14.3B
| – | – |
-26,760
| Closed | -$1.25M |
|
388
Parker-Hannifin
PH
$126B
| – | – |
-22,984
| Closed | -$3.69M |
|
389
Dave & Buster's
PLAY
$403M
| – | – |
-11,336
| Closed | -$693K |
|
390
Children's Place
PLCE
$56.3M
| – | – |
-19,320
| Closed | -$2.32M |
|
391
Power Integrations
POWI
$3.37B
| – | – |
-58,386
| Closed | -$1.92M |
|
|
PRA
392
DELISTED
ProAssurance
PRA
| – | – |
-10,504
| Closed | -$633K |
|
393
Perdoceo Education
PRDO
$2.04B
| – | – |
-72,487
| Closed | -$631K |
|
394
Progress Software
PRGS
$1.7B
| – | – |
-46,628
| Closed | -$1.35M |
|
395
Radian Group
RDN
$5.22B
| – | – |
-74,288
| Closed | -$1.33M |
|
396
Rayonier Advanced Materials
RYAM
$608M
| – | – |
-92,128
| Closed | -$1.24M |
|
397
Sonic Automotive
SAH
$2.76B
| – | – |
-58,346
| Closed | -$1.17M |
|
398
Signet Jewelers
SIG
$3.69B
| – | – |
-14,598
| Closed | -$1.01M |
|
399
Skywest
SKYW
$4.42B
| – | – |
-25,109
| Closed | -$860K |
|
400
Semtech
SMTC
$11.1B
| – | – |
-25,547
| Closed | -$863K |
|
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Convergence Investment Partners's Q2 2017 Portfolio in Review
As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.
- Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
- Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
- Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
- Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
- Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
- Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.
Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.