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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
+4.96%
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
$414M
AUM Growth
-$44.2M
Cap. Flow
-$55.4M
Cap. Flow %
-13.39%
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116

Top Buys

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$2.43M
2
INTU icon
Intuit
INTU
+$2.21M
3
CDNS icon
Cadence Design Systems
CDNS
+$2.05M
4
SBGI icon
Sinclair Inc
SBGI
+$2.01M
5
DK icon
Delek US
DK
+$1.96M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$3.95M
2
JPM icon
JPMorgan Chase
JPM
+$3.64M
3
DIS icon
Walt Disney
DIS
+$3.14M
4
PFE icon
Pfizer
PFE
+$2.63M
5
MSFT icon
Microsoft
MSFT
+$2.51M

Sector Composition

Rank Sector Weight
1 Technology 17.46%
2 Financials 16.39%
3 Healthcare 13.02%
4 Industrials 11%
5 Consumer Discretionary 8.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HMHC
401
DELISTED
Houghton Mifflin Harcourt Company
HMHC
– –
-34,054
Closed -$248K
VRS
402
DELISTED
Verso Corporation
VRS
– –
-12,782
Closed -$274K
CSOD
403
DELISTED
Cornerstone OnDemand, Inc.
CSOD
– –
-4,954
Closed -$271K
CLGX
404
DELISTED
Corelogic, Inc.
CLGX
– –
-5,294
Closed -$197K
WDR
405
DELISTED
Waddell & Reed Financial, Inc.
WDR
– –
-10,160
Closed -$176K
HTZ
406
DELISTED
Hertz Global Holdings, Inc.
HTZ
– –
-11,053
Closed -$167K
MNK
407
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
– –
-50,755
Closed -$1.1M
ETFC
408
DELISTED
E*Trade Financial Corporation
ETFC
– –
-39,748
Closed -$1.84M
REGI
409
DELISTED
Renewable Energy Group, Inc.
REGI
– –
-8,261
Closed -$181K
CY
410
DELISTED
Cypress Semiconductor
CY
– –
-23,847
Closed -$356K
DOC
411
DELISTED
PHYSICIANS REALTY TRUST
DOC
– –
-42,053
Closed -$791K
CIT
412
DELISTED
CIT Group Inc.
CIT
– –
-8,473
Closed -$406K
13 14 15 16
17

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Convergence Investment Partners's Q2 2019 Portfolio in Review

As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.

  • Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
  • Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
  • Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
  • Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
  • Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
  • Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.

Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.