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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STC icon
401
Stewart Information Services
STC
$2.1B
– –
-6,069
Closed -$268K
SWX icon
402
Southwest Gas
SWX
$6.5B
– –
-61,398
Closed -$5.09M
SYY icon
403
Sysco
SYY
$40.7B
– –
-19,685
Closed -$1.02M
THC icon
404
Tenet Healthcare
THC
$20.1B
– –
-38,449
Closed -$681K
TRI icon
405
Thomson Reuters
TRI
$44.4B
– –
-26,567
Closed -$1.33M
UFPI icon
406
UFP Industries
UFPI
$5.18B
– –
-27,105
Closed -$890K
VRTS icon
407
Virtus Investment Partners
VRTS
$1.13B
– –
-6,506
Closed -$689K
WD icon
408
Walker & Dunlop
WD
$1.79B
– –
-39,978
Closed -$1.67M
WU icon
409
Western Union
WU
$2.04B
– –
-81,687
Closed -$1.66M
WWD icon
410
Woodward
WWD
$21.5B
– –
-30,215
Closed -$2.05M
X
411
DELISTED
US Steel
X
– –
-37,937
Closed -$1.28M
EQC
412
DELISTED
Equity Commonwealth
EQC
– –
-40,764
Closed -$1.27M
TUP
413
DELISTED
Tupperware Brands Corporation
TUP
– –
-16,369
Closed -$1.03M
LSXMA
414
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
– –
-86,547
Closed -$2.43M
RPT
415
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
– –
-93,244
Closed -$1.31M
GHL
416
DELISTED
Greenhill & Co., Inc.
GHL
– –
-29,872
Closed -$875K
ENDP
417
DELISTED
Endo International plc
ENDP
– –
-65,870
Closed -$735K
MXIM
418
DELISTED
Maxim Integrated Products
MXIM
– –
-22,800
Closed -$1.02M
BPFH
419
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
– –
-99,060
Closed -$1.63M
CATM
420
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
– –
-110,568
Closed -$5.17M
AMAG
421
DELISTED
AMAG Pharmaceuticals
AMAG
– –
-50,182
Closed -$1.13M
CBL
422
DELISTED
CBL& Associates Properties, Inc.
CBL
– –
-98,086
Closed -$936K
UNT
423
DELISTED
UNIT Corporation
UNT
– –
-20,283
Closed -$490K
RTEC
424
DELISTED
Rudolph Technologies Inc
RTEC
– –
-38,801
Closed -$869K
ISCA
425
DELISTED
International Speedway Corp
ISCA
– –
-41,456
Closed -$1.53M
14 15 16
17
18

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.