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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
+10.45%
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
$616M
AUM Growth
+$143M
Cap. Flow
+$96M
Cap. Flow %
15.59%
Top 10 Hldgs %
18.85%
Holding
436
New
126
Increased
112
Reduced
128
Closed
62

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$7.55M
2
AAPL icon
Apple
AAPL
+$4.59M
3
JPM icon
JPMorgan Chase
JPM
+$4.52M
4
PHM icon
Pultegroup
PHM
+$4.51M
5
IM
Ingram Micro
IM
+$3.88M

Top Sells

Rank Stock Value
1
AFL icon
Aflac
AFL
+$6.01M
2
V icon
Visa
V
+$5.11M
3
BAC icon
Bank of America
BAC
+$4.55M
4
C icon
Citigroup
C
+$3.66M
5
RL icon
Ralph Lauren
RL
+$3.5M

Sector Composition

Rank Sector Weight
1 Technology 17.12%
2 Financials 13.05%
3 Industrials 12.92%
4 Energy 10.14%
5 Healthcare 9.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MJN
401
DELISTED
Mead Johnson Nutrition Company
MJN
– –
-27,852
Closed -$2.07M
ISIL
402
DELISTED
Intersil Corp
ISIL
– –
-73,500
Closed -$825K
AVG
403
DELISTED
AVG Technologies N.V.
AVG
– –
-35,550
Closed -$851K
TW
404
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
– –
-13,058
Closed -$1.4M
GTI
405
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
– –
-14,570
Closed -$123K
XLS
406
DELISTED
EXELIS INC COM STK
XLS
– –
-82,960
Closed -$1.22M
GRT
407
DELISTED
GLIMCHER REALTY TRUST
GRT
– –
-97,357
Closed -$949K
EDMC
408
DELISTED
EDUCATION MGMT CORP NEW COM STK (PA)
EDMC
– –
-15,905
Closed -$145K
BZ
409
DELISTED
BOISE INC COM STK (DE)
BZ
– –
-10,735
Closed -$135K
CEO
410
DELISTED
CNOOC Limited
CEO
– –
-1,003
Closed -$202K
DCM
411
DELISTED
NTT DOCOMO, Inc.
DCM
– –
-10,152
Closed -$165K
TWC
412
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-10,952
Closed -$1.22M
RHT
413
DELISTED
Red Hat Inc
RHT
– –
-16,420
Closed -$758K
AMCC
414
DELISTED
Applied Micro Circuits Corporation New
AMCC
– –
-10,860
Closed -$140K
CZR
415
DELISTED
Caesars Entertainment Corporation
CZR
– –
-63,273
Closed -$1.25M
SWFT
416
DELISTED
Swift Transportation Company
SWFT
– –
-130,716
Closed -$2.64M
13 14 15 16
17

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Convergence Investment Partners's Q4 2013 Portfolio in Review

As of Q4 2013, Convergence Investment Partners held 436 positions worth $616M, up 30% from $473M the previous quarter. Its ten largest holdings account for 19% of the portfolio.

Convergence Investment Partners deployed $96M of net new capital in Q4 2013, opening 126 new positions and adding to 112 existing holdings. Its largest new stake was Boeing: 58,118 shares worth $7.93M.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Aflac, an estimated $6.01M trimmed.

  • Convergence Investment Partners's largest Q4 2013 buy was Boeing: 58,118 shares worth $7.93M.
  • Convergence Investment Partners added most to Apple in Q4 2013, an estimated $4.59M increase.
  • Convergence Investment Partners's biggest Q4 2013 reduction was Aflac, cutting an estimated $6.01M.
  • Convergence Investment Partners fully exited Visa in Q4 2013, selling an estimated $5.11M.
  • Convergence Investment Partners's ten largest holdings make up 19% of its $616M portfolio in Q4 2013.
  • Convergence Investment Partners opened 126 new positions and closed 62 in Q4 2013.
  • Convergence Investment Partners's portfolio value rose 30% quarter-over-quarter to $616M.

Based on Convergence Investment Partners's 13F filing for Q4 2013, filed 14 Feb 2014.