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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
+1.19%
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
$727M
AUM Growth
-$114M
Cap. Flow
-$112M
Cap. Flow %
-15.44%
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114

Top Buys

Rank Stock Value
1
CYH icon
Community Health Systems
CYH
+$5.1M
2
DYN
Dynegy, Inc.
DYN
+$5.07M
3
ON icon
ON Semiconductor
ON
+$4.6M
4
ZION icon
Zions Bancorporation
ZION
+$4.4M
5
PDM
Piedmont Realty Trust
PDM
+$4.37M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$7.52M
2
COTY icon
Coty
COTY
+$5.41M
3
OGS icon
ONE Gas
OGS
+$5.34M
4
HON icon
Honeywell
HON
+$5.3M
5
MENT
Mentor Graphics Corp
MENT
+$5.25M

Sector Composition

Rank Sector Weight
1 Financials 15.69%
2 Technology 13.71%
3 Industrials 12.3%
4 Healthcare 11.84%
5 Consumer Staples 9.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BGG
401
DELISTED
Briggs & Stratton Corp.
BGG
– –
-72,512
Closed -$1.73M
VIAB
402
DELISTED
Viacom Inc. Class B
VIAB
– –
-58,157
Closed -$2.4M
RTEC
403
DELISTED
Rudolph Technologies Inc
RTEC
– –
-94,326
Closed -$1.29M
AHL
404
DELISTED
ASPEN Insurance Holding Limited
AHL
– –
-47,036
Closed -$2.24M
RPXC
405
DELISTED
RPX Corporation
RPXC
– –
-137,460
Closed -$1.55M
GNCMA
406
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
– –
-49,490
Closed -$907K
SCMP
407
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
– –
-57,700
Closed -$631K
PMC
408
DELISTED
PharMerica Corporation
PMC
– –
-70,550
Closed -$1.56M
MORE
409
DELISTED
Monogram Residential Trust, Inc.
MORE
– –
-313,626
Closed -$3.09M
WFM
410
DELISTED
Whole Foods Market Inc
WFM
– –
-34,561
Closed -$1.07M
NSR
411
DELISTED
Neustar Inc
NSR
– –
-207,420
Closed -$5.1M
EVER
412
DELISTED
Everbank Financial Corp
EVER
– –
-117,731
Closed -$1.78M
FNBC
413
DELISTED
First NBC Bank Holding Company
FNBC
– –
-57,088
Closed -$1.18M
HW
414
DELISTED
Headwaters Inc
HW
– –
-95,166
Closed -$1.89M
CSC
415
DELISTED
Computer Sciences
CSC
– –
-145,095
Closed -$4.99M
VA
416
DELISTED
Virgin America Inc.
VA
– –
-20,970
Closed -$809K
TLN
417
DELISTED
Talen Energy Corporation
TLN
– –
-471,150
Closed -$4.24M
BLOX
418
DELISTED
Infoblox Inc
BLOX
– –
-98,848
Closed -$1.69M
STRZA
419
DELISTED
Starz - Series A
STRZA
– –
-123,984
Closed -$3.26M
DISH
420
DELISTED
DISH Network Corp.
DISH
– –
-4,498
Closed -$208K
SIVB
421
DELISTED
SVB Financial Group
SIVB
– –
-26,430
Closed -$2.7M
LPNT
422
DELISTED
LifePoint Health, Inc.
LPNT
– –
-22,060
Closed -$1.53M
13 14 15 16
17

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Convergence Investment Partners's Q2 2016 Portfolio in Review

As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.

  • Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
  • Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
  • Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
  • Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
  • Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
  • Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.

Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.