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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
+0.77%
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
$729M
AUM Growth
-$28.5M
Cap. Flow
-$22.1M
Cap. Flow %
-3.03%
Top 10 Hldgs %
14.5%
Holding
474
New
110
Increased
97
Reduced
134
Closed
118

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$7.64M
2
SIR
SELECT INCOME REIT
SIR
+$5.78M
3
CDP icon
COPT Defense Properties
CDP
+$5.65M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$5.33M
5
HPQ icon
HP
HPQ
+$5.02M

Top Sells

Rank Stock Value
1
COP icon
ConocoPhillips
COP
+$6.55M
2
C icon
Citigroup
C
+$5.72M
3
MSFT icon
Microsoft
MSFT
+$5.28M
4
META icon
Meta Platforms (Facebook)
META
+$4.72M
5
WCG
Wellcare Health Plans, Inc.
WCG
+$4.29M

Sector Composition

Rank Sector Weight
1 Technology 14.61%
2 Financials 14.2%
3 Healthcare 11.97%
4 Industrials 11.15%
5 Energy 9.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VMC icon
426
Vulcan Materials
VMC
$36.9B
– –
-43,595
Closed -$2.78M
WBA
427
DELISTED
Walgreens Boots Alliance
WBA
– –
-3,459
Closed -$256K
WEC icon
428
WEC Energy
WEC
$35.1B
– –
-43,887
Closed -$2.06M
WEN icon
429
Wendy's
WEN
$1.46B
– –
-123,507
Closed -$1.05M
WHR icon
430
Whirlpool
WHR
$2.82B
– –
-17,122
Closed -$2.38M
ZION icon
431
Zions Bancorporation
ZION
$10.3B
– –
-30,370
Closed -$895K
UCB
432
United Community Banks
UCB
$4.28B
– –
-22,209
Closed -$364K
TPC
433
Tutor Perini Cor
TPC
$5.21B
– –
-11,577
Closed -$367K
SRCL
434
DELISTED
Stericycle Inc
SRCL
– –
-12,253
Closed -$1.45M
AEL
435
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-42,224
Closed -$1.04M
VMW
436
DELISTED
VMware, Inc
VMW
– –
-11,529
Closed -$1.12M
MGLN
437
DELISTED
Magellan Health Services, Inc.
MGLN
– –
-22,630
Closed -$1.41M
WDR
438
DELISTED
Waddell & Reed Financial, Inc.
WDR
– –
-50,746
Closed -$3.18M
ETFC
439
DELISTED
E*Trade Financial Corporation
ETFC
– –
-194,906
Closed -$4.14M
CHK
440
DELISTED
Chesapeake Energy Corporation
CHK
– –
-278
Closed -$1.64M
UNT
441
DELISTED
UNIT Corporation
UNT
– –
-25,645
Closed -$1.76M
WCG
442
DELISTED
Wellcare Health Plans, Inc.
WCG
– –
-57,427
Closed -$4.29M
MDCO
443
DELISTED
Medicines Co
MDCO
– –
-82,696
Closed -$2.4M
DF
444
DELISTED
Dean Foods Company
DF
– –
-82,122
Closed -$1.45M
NCI
445
DELISTED
Navigant Consulting, Inc.
NCI
– –
-64,696
Closed -$1.13M
ESND
446
DELISTED
Essendant Inc.
ESND
– –
-20,385
Closed -$845K
BGC
447
DELISTED
General Cable Corporation
BGC
– –
-49,240
Closed -$1.26M
BRCD
448
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
– –
-265,515
Closed -$2.44M
KCG
449
DELISTED
KCG Holdings, Inc.
KCG
– –
-135,208
Closed -$1.61M
PNRA
450
DELISTED
Panera Bread Co
PNRA
– –
-3,335
Closed -$500K
15 16 17
18
19

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Convergence Investment Partners's Q3 2014 Portfolio in Review

As of Q3 2014, Convergence Investment Partners held 474 positions worth $729M, down 3.8% from $758M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $22.1M in Q3 2014, closing 118 positions and reducing 134 holdings. Its most notable exit was Wellcare Health Plans, Inc., an estimated $4.29M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Gilead Sciences worth $8.31M.

  • Convergence Investment Partners's largest Q3 2014 buy was Gilead Sciences: 78,065 shares worth $8.31M.
  • Convergence Investment Partners added most to Alphabet (Google) Class C in Q3 2014, an estimated $5.33M increase.
  • Convergence Investment Partners's biggest Q3 2014 reduction was ConocoPhillips, cutting an estimated $6.55M.
  • Convergence Investment Partners fully exited Wellcare Health Plans, Inc. in Q3 2014, selling an estimated $4.29M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $729M portfolio in Q3 2014.
  • Convergence Investment Partners opened 110 new positions and closed 118 in Q3 2014.
  • Convergence Investment Partners's portfolio value fell 3.8% quarter-over-quarter to $729M.

Based on Convergence Investment Partners's 13F filing for Q3 2014, filed 12 Nov 2014.