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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
+12.88%
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
$458M
AUM Growth
+$22.8M
Cap. Flow
-$17.4M
Cap. Flow %
-3.81%
Top 10 Hldgs %
16.08%
Holding
399
New
94
Increased
75
Reduced
135
Closed
95

Top Buys

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$2.87M
2
AMP icon
Ameriprise Financial
AMP
+$2.66M
3
PG icon
Procter & Gamble
PG
+$2.07M
4
PYPL icon
PayPal
PYPL
+$1.96M
5
ITW icon
Illinois Tool Works
ITW
+$1.93M

Top Sells

Rank Stock Value
1
GWW icon
W.W. Grainger
GWW
+$3.14M
2
DINO icon
HF Sinclair
DINO
+$2.65M
3
ADM icon
Archer Daniels Midland
ADM
+$2.12M
4
CVS icon
CVS Health
CVS
+$2.1M
5
PBF icon
PBF Energy
PBF
+$2.07M

Sector Composition

Rank Sector Weight
1 Technology 17.41%
2 Financials 15.59%
3 Healthcare 13.63%
4 Industrials 10.88%
5 Consumer Discretionary 10.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TXT icon
376
Textron
TXT
$15.4B
– –
-14,616
Closed -$672K
URBN icon
377
Urban Outfitters
URBN
$6.59B
– –
-10,326
Closed -$343K
UVE icon
378
Universal Insurance Holdings
UVE
$1.23B
– –
-12,616
Closed -$478K
UVV icon
379
Universal Corp
UVV
$1.27B
– –
-4,548
Closed -$246K
VST icon
380
Vistra
VST
$47.4B
– –
-25,164
Closed -$576K
ZTS icon
381
Zoetis
ZTS
$30B
– –
-9,751
Closed -$834K
ZWS icon
382
Zurn Elkay Water Solutions
ZWS
$8.53B
– –
-29,392
Closed -$325K
SWN
383
DELISTED
Southwestern Energy Company
SWN
– –
-91,311
Closed -$311K
WRK
384
DELISTED
WestRock Company
WRK
– –
-33,725
Closed -$1.27M
LTRPA
385
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
– –
-13,654
Closed -$217K
UMPQ
386
DELISTED
Umpqua Holdings Corp
UMPQ
– –
-32,599
Closed -$518K
AVLR
387
DELISTED
Avalara, Inc.
AVLR
– –
-4,035
Closed -$126K
ENDP
388
DELISTED
Endo International plc
ENDP
– –
-27,764
Closed -$203K
MTOR
389
DELISTED
MERITOR, Inc.
MTOR
– –
-22,039
Closed -$373K
MSGN
390
DELISTED
MSG Networks Inc.
MSGN
– –
-12,154
Closed -$286K
AMAG
391
DELISTED
AMAG Pharmaceuticals
AMAG
– –
-18,412
Closed -$280K
ONDK
392
DELISTED
On Deck Capital, Inc.
ONDK
– –
-22,039
Closed -$130K
CCMP
393
DELISTED
CMC Materials, Inc. Common Stock
CCMP
– –
-15,782
Closed -$1.5M
LM
394
DELISTED
Legg Mason, Inc.
LM
– –
-9,710
Closed -$248K
STI
395
DELISTED
SunTrust Banks, Inc.
STI
– –
-16,333
Closed -$824K
TOWR
396
DELISTED
Tower International, Inc.
TOWR
– –
-9,984
Closed -$238K
HF
397
DELISTED
HFF Inc.
HF
– –
-10,768
Closed -$357K
DISH
398
DELISTED
DISH Network Corp.
DISH
– –
-23,612
Closed -$590K
TCF
399
DELISTED
TCF Financial Corporation
TCF
– –
-39,609
Closed -$772K
12 13 14 15
16

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Convergence Investment Partners's Q1 2019 Portfolio in Review

As of Q1 2019, Convergence Investment Partners held 399 positions worth $458M, up 5.2% from $435M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $17.4M in Q1 2019, closing 95 positions and reducing 135 holdings. Its most notable exit was W.W. Grainger, an estimated $3.14M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Ameriprise Financial worth $2.75M.

  • Convergence Investment Partners's largest Q1 2019 buy was Ameriprise Financial: 21,456 shares worth $2.75M.
  • Convergence Investment Partners added most to Wells Fargo in Q1 2019, an estimated $2.87M increase.
  • Convergence Investment Partners's biggest Q1 2019 reduction was CVS Health, cutting an estimated $2.1M.
  • Convergence Investment Partners fully exited W.W. Grainger in Q1 2019, selling an estimated $3.14M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $458M portfolio in Q1 2019.
  • Convergence Investment Partners opened 94 new positions and closed 95 in Q1 2019.
  • Convergence Investment Partners's portfolio value rose 5.2% quarter-over-quarter to $458M.

Based on Convergence Investment Partners's 13F filing for Q1 2019, filed 1 May 2019.