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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
+2.2%
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
$840M
AUM Growth
-$50.9M
Cap. Flow
-$65M
Cap. Flow %
-7.73%
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112

Top Buys

Rank Stock Value
1
MENT
Mentor Graphics Corp
MENT
+$6.15M
2
VZ icon
Verizon
VZ
+$6.08M
3
LDOS icon
Leidos
LDOS
+$5.76M
4
WBD icon
Warner Bros
WBD
+$5.02M
5
AXP icon
American Express
AXP
+$4.99M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$9.73M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$9.71M
3
CMCSA icon
Comcast
CMCSA
+$7.57M
4
IBM icon
IBM
IBM
+$7.27M
5
CYH icon
Community Health Systems
CYH
+$5.87M

Sector Composition

Rank Sector Weight
1 Financials 15.13%
2 Technology 14.49%
3 Industrials 11.97%
4 Healthcare 11.15%
5 Consumer Staples 8.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XEL icon
401
Xcel Energy
XEL
$48.8B
– –
-74,412
Closed -$2.67M
UCB
402
United Community Banks
UCB
$4.28B
– –
-75,088
Closed -$1.46M
BERY
403
DELISTED
Berry Global Group, Inc.
BERY
– –
-91,143
Closed -$3.03M
LUMO
404
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
– –
-846
Closed -$277K
EXPR
405
DELISTED
Express, Inc.
EXPR
– –
-15,464
Closed -$5.34M
IMGN
406
DELISTED
Immunogen Inc
IMGN
– –
-140,230
Closed -$1.9M
LHCG
407
DELISTED
LHC Group LLC
LHCG
– –
-45,098
Closed -$2.04M
LCI
408
DELISTED
Lannett Company, Inc.
LCI
– –
-10,950
Closed -$1.76M
MSGN
409
DELISTED
MSG Networks Inc.
MSGN
– –
-46,830
Closed -$974K
CTB
410
DELISTED
Cooper Tire & Rubber Co.
CTB
– –
-38,529
Closed -$1.46M
ETFC
411
DELISTED
E*Trade Financial Corporation
ETFC
– –
-111,690
Closed -$3.31M
MDR
412
DELISTED
McDermott International
MDR
– –
-55,598
Closed -$559K
TOWR
413
DELISTED
Tower International, Inc.
TOWR
– –
-28,742
Closed -$821K
TVPT
414
DELISTED
Travelport Worldwide Limited
TVPT
– –
-181,820
Closed -$2.35M
IDTI
415
DELISTED
Integrated Device Technology I
IDTI
– –
-52,548
Closed -$1.39M
PNK
416
DELISTED
Pinnacle Entertainment Inc.
PNK
– –
-89,840
Closed -$2.8M
CVG
417
DELISTED
Convergys
CVG
– –
-157,541
Closed -$3.92M
WGL
418
DELISTED
Wgl Holdings
WGL
– –
-85,568
Closed -$5.39M
BGC
419
DELISTED
General Cable Corporation
BGC
– –
-30,154
Closed -$405K
GIMO
420
DELISTED
Gigamon Inc.
GIMO
– –
-62,920
Closed -$1.67M
DFT
421
DELISTED
DuPont Fabros Technology Inc.
DFT
– –
-163,588
Closed -$5.2M
ALJ
422
DELISTED
Alon USA Energy Inc
ALJ
– –
-60,818
Closed -$903K
CHMT
423
DELISTED
Chemtura Corporation
CHMT
– –
-148,246
Closed -$4.04M
ELNK
424
DELISTED
EarthLink Holdings Corp.
ELNK
– –
-168,954
Closed -$1.25M
STJ
425
DELISTED
St Jude Medical
STJ
– –
-64,679
Closed -$4M
14 15 16
17
18

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Convergence Investment Partners's Q1 2016 Portfolio in Review

As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.

  • Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
  • Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
  • Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
  • Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
  • Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
  • Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.

Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.