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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
+4.24%
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
$720M
AUM Growth
-$26.9M
Cap. Flow
-$44.5M
Cap. Flow %
-6.17%
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112

Top Buys

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$4.58M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.34M
3
MRK icon
Merck
MRK
+$4.27M
4
C icon
Citigroup
C
+$3.83M
5
STT icon
State Street
STT
+$3.81M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$7.97M
2
MS icon
Morgan Stanley
MS
+$6.89M
3
PSX icon
Phillips 66
PSX
+$5.71M
4
HPQ icon
HP
HPQ
+$5.4M
5
JPM icon
JPMorgan Chase
JPM
+$4.64M

Sector Composition

Rank Sector Weight
1 Technology 14.77%
2 Financials 14.29%
3 Healthcare 12.04%
4 Industrials 11.67%
5 Consumer Discretionary 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PENN icon
401
PENN Entertainment
PENN
$2.71B
– –
-99,840
Closed -$1.37M
PHG icon
402
Philips
PHG
$26.1B
– –
-10,049
Closed -$202K
PM icon
403
Philip Morris
PM
$295B
– –
-2,494
Closed -$203K
PSA icon
404
Public Storage
PSA
$61.3B
– –
-5,978
Closed -$1.1M
PSX icon
405
Phillips 66
PSX
$81.4B
– –
-79,617
Closed -$5.71M
RCL icon
406
Royal Caribbean
RCL
$85.6B
– –
-27,609
Closed -$2.28M
RDUS
407
DELISTED
Radius Recycling
RDUS
– –
-31,160
Closed -$703K
RL icon
408
Ralph Lauren
RL
$23.6B
– –
-12,841
Closed -$2.38M
RNR icon
409
RenaissanceRe
RNR
$13.4B
– –
-9,868
Closed -$959K
RY icon
410
Royal Bank of Canada
RY
$293B
– –
-3,213
Closed -$222K
SBUX icon
411
Starbucks
SBUX
$120B
– –
-38,812
Closed -$1.59M
SHEN icon
412
Shenandoah Telecom
SHEN
$746M
– –
-23,404
Closed -$366K
SPXC icon
413
SPX Corp
SPXC
$10.8B
– –
-80,198
Closed -$1.74M
THRM icon
414
Gentherm
THRM
$1.27B
– –
-27,064
Closed -$991K
TILE icon
415
Interface
TILE
$2.22B
– –
-88,080
Closed -$1.45M
TTEK icon
416
Tetra Tech
TTEK
$9.07B
– –
-166,350
Closed -$888K
TTWO icon
417
Take-Two Interactive
TTWO
$46.1B
– –
-131,851
Closed -$3.7M
UVE icon
418
Universal Insurance Holdings
UVE
$1.23B
– –
-53,000
Closed -$1.08M
WCC
419
WESCO International
WCC
$17.7B
– –
-32,253
Closed -$2.46M
WRB icon
420
W.R. Berkley
WRB
$26.6B
– –
-101,321
Closed -$1.54M
WTFC icon
421
Wintrust Financial
WTFC
$10.7B
– –
-19,204
Closed -$898K
ZUMZ icon
422
Zumiez
ZUMZ
$339M
– –
-36,370
Closed -$1.41M
TBRG
423
DELISTED
TruBridge
TBRG
– –
-12,924
Closed -$785K
SGI
424
Somnigroup International
SGI
$13.7B
– –
-82,200
Closed -$1.13M
SLCA
425
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
– –
-24,964
Closed -$641K
15 16
17
18 19

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ECM
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NRG
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HW
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LAM
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BGIM
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CIA
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Convergence Investment Partners's Q1 2015 Portfolio in Review

As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.

  • Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
  • Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
  • Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
  • Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
  • Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
  • Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
  • Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.

Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.