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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
Y
401
DELISTED
Alleghany Corp
Y
– –
-420
Closed -$231K
PSB
402
DELISTED
PS Business Parks, Inc.
PSB
– –
-13,224
Closed -$1.4M
GTS
403
DELISTED
Triple-S Management Corporation
GTS
– –
-84,059
Closed -$1.95M
MGLN
404
DELISTED
Magellan Health Services, Inc.
MGLN
– –
-26,429
Closed -$1.74M
MDP
405
DELISTED
Meredith Corporation
MDP
– –
-46,956
Closed -$2.44M
WRI
406
DELISTED
Weingarten Realty Investors
WRI
– –
-34,997
Closed -$1.43M
FPRX
407
DELISTED
Five Prime Therapeutics, Inc.
FPRX
– –
-20,480
Closed -$847K
HDS
408
DELISTED
HD Supply Holdings, Inc.
HDS
– –
-44,430
Closed -$1.55M
NE
409
DELISTED
Noble Corporation
NE
– –
-246,773
Closed -$2.03M
GNC
410
DELISTED
GNC Holdings, Inc.
GNC
– –
-114,460
Closed -$2.78M
SDRL
411
DELISTED
Seadrill Limited Common Stock
SDRL
– –
-515
Closed -$447K
PIR
412
DELISTED
Pier 1 Imports, Inc.
PIR
– –
-10,571
Closed -$1.09M
EPE
413
DELISTED
EP Energy Corporation
EPE
– –
-19,010
Closed -$98K
AET
414
DELISTED
Aetna Inc
AET
– –
-26,849
Closed -$3.28M
BGC
415
DELISTED
General Cable Corporation
BGC
– –
-51,975
Closed -$661K
DYN
416
DELISTED
Dynegy, Inc.
DYN
– –
-292,008
Closed -$5.03M
RGC
417
DELISTED
Regal Entertainment Group
RGC
– –
-105,071
Closed -$2.32M
ATW
418
DELISTED
Atwood Oceanics
ATW
– –
-52,940
Closed -$663K
DFT
419
DELISTED
DuPont Fabros Technology Inc.
DFT
– –
-55,248
Closed -$2.63M
KCG
420
DELISTED
KCG Holdings, Inc.
KCG
– –
-85,544
Closed -$1.14M
ALJ
421
DELISTED
Alon USA Energy Inc
ALJ
– –
-128,090
Closed -$830K
ISLE
422
DELISTED
Isle of Capri Casinos Inc
ISLE
– –
-52,095
Closed -$954K
RAX
423
DELISTED
Rackspace Hosting Inc
RAX
– –
-254,962
Closed -$5.32M
OUTR
424
DELISTED
OUTERWALL INC
OUTR
– –
-17,488
Closed -$734K
DCT
425
DELISTED
DCT Industrial Trust Inc.
DCT
– –
-94,920
Closed -$4.56M
14 15 16
17
18

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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.