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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
+4.24%
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
$720M
AUM Growth
-$26.9M
Cap. Flow
-$44.5M
Cap. Flow %
-6.17%
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112

Top Buys

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$4.58M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.34M
3
MRK icon
Merck
MRK
+$4.27M
4
C icon
Citigroup
C
+$3.83M
5
STT icon
State Street
STT
+$3.81M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$7.97M
2
MS icon
Morgan Stanley
MS
+$6.89M
3
PSX icon
Phillips 66
PSX
+$5.71M
4
HPQ icon
HP
HPQ
+$5.4M
5
JPM icon
JPMorgan Chase
JPM
+$4.64M

Sector Composition

Rank Sector Weight
1 Technology 14.77%
2 Financials 14.29%
3 Healthcare 12.04%
4 Industrials 11.67%
5 Consumer Discretionary 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEL
426
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-107,710
Closed -$3.14M
VRTV
427
DELISTED
VERITIV CORPORATION
VRTV
– –
-15,118
Closed -$784K
FRGI
428
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
– –
-22,890
Closed -$1.39M
RAD
429
DELISTED
Rite Aid Corporation
RAD
– –
-8,189
Closed -$1.23M
AMAG
430
DELISTED
AMAG Pharmaceuticals
AMAG
– –
-16,492
Closed -$703K
LM
431
DELISTED
Legg Mason, Inc.
LM
– –
-29,623
Closed -$1.58M
BGG
432
DELISTED
Briggs & Stratton Corp.
BGG
– –
-63,608
Closed -$1.3M
AVP
433
DELISTED
Avon Products, Inc.
AVP
– –
-180,729
Closed -$1.7M
STI
434
DELISTED
SunTrust Banks, Inc.
STI
– –
-91,822
Closed -$3.85M
IDTI
435
DELISTED
Integrated Device Technology I
IDTI
– –
-55,797
Closed -$1.09M
P
436
DELISTED
Pandora Media Inc
P
– –
-46,680
Closed -$832K
ARII
437
DELISTED
American Railcar Industries, Inc.
ARII
– –
-22,920
Closed -$1.18M
PF
438
DELISTED
Pinnacle Foods, Inc.
PF
– –
-74,260
Closed -$2.62M
DYN
439
DELISTED
Dynegy, Inc.
DYN
– –
-137,506
Closed -$4.17M
WSTC
440
DELISTED
West Corporation
WSTC
– –
-28,040
Closed -$925K
MYCC
441
DELISTED
ClubCorp Holdings, Inc.
MYCC
– –
-40,964
Closed -$734K
PVTB
442
DELISTED
PrivateBancorp Inc
PVTB
– –
-78,798
Closed -$2.63M
YHOO
443
DELISTED
Yahoo Inc
YHOO
– –
-30,207
Closed -$1.53M
HAR
444
DELISTED
Harman International Industries
HAR
– –
-14,336
Closed -$1.53M
IHS
445
DELISTED
IHS INC CL-A COM STK
IHS
– –
-7,770
Closed -$885K
TAL
446
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
– –
-29,370
Closed -$1.28M
PRE
447
DELISTED
PARTNERRE LTD
PRE
– –
-21,745
Closed -$2.48M
SWI
448
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
– –
-35,418
Closed -$1.76M
OVTI
449
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
– –
-68,150
Closed -$1.77M
MDAS
450
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
– –
-78,020
Closed -$1.54M
15 16 17
18
19

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Convergence Investment Partners's Q1 2015 Portfolio in Review

As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.

  • Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
  • Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
  • Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
  • Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
  • Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
  • Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
  • Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.

Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.