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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
+3.91%
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
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USG
401
DELISTED
Usg
USG
– –
-115,968
Closed -$3.35M
ICON
402
DELISTED
Iconix Brand Group, Inc.
ICON
– –
-13,819
Closed -$1.29M
WIN
403
DELISTED
Windstream Holdings Inc
WIN
– –
-9,607
Closed -$352K
NSR
404
DELISTED
Neustar Inc
NSR
– –
-37,159
Closed -$1.24M
BHI
405
DELISTED
Baker Hughes
BHI
– –
-3,895
Closed -$253K
WLH
406
DELISTED
WILLIAM LYON HOMES
WLH
– –
-62,610
Closed -$1.19M
LPNT
407
DELISTED
LifePoint Health, Inc.
LPNT
– –
-25,454
Closed -$1.45M
DGI
408
DELISTED
DigitalGlobe Inc.
DGI
– –
-57,276
Closed -$1.64M
CIT
409
DELISTED
CIT Group Inc.
CIT
– –
-62,498
Closed -$2.67M
SWFT
410
DELISTED
Swift Transportation Company
SWFT
– –
-133,883
Closed -$3.26M
TCF
411
DELISTED
TCF Financial Corporation
TCF
– –
-163,450
Closed -$3.2M
13 14 15 16
17

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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.