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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
+2.2%
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
$840M
AUM Growth
-$50.9M
Cap. Flow
-$65M
Cap. Flow %
-7.73%
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112

Top Buys

Rank Stock Value
1
MENT
Mentor Graphics Corp
MENT
+$6.15M
2
VZ icon
Verizon
VZ
+$6.08M
3
LDOS icon
Leidos
LDOS
+$5.76M
4
WBD icon
Warner Bros
WBD
+$5.02M
5
AXP icon
American Express
AXP
+$4.99M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$9.73M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$9.71M
3
CMCSA icon
Comcast
CMCSA
+$7.57M
4
IBM icon
IBM
IBM
+$7.27M
5
CYH icon
Community Health Systems
CYH
+$5.87M

Sector Composition

Rank Sector Weight
1 Financials 15.13%
2 Technology 14.49%
3 Industrials 11.97%
4 Healthcare 11.15%
5 Consumer Staples 8.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IM
426
DELISTED
Ingram Micro
IM
– –
-143,813
Closed -$4.37M
KING
427
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
– –
-187,375
Closed -$3.35M
PDLI
428
DELISTED
PDL BioPharma, Inc.
PDLI
– –
-444,724
Closed -$1.57M
VIA
429
DELISTED
Viacom Inc. Class A
VIA
– –
-20,088
Closed -$884K
YELL
430
DELISTED
Yellow Corporation Common Stock
YELL
– –
-73,064
Closed -$1.04M
UFS
431
DELISTED
DOMTAR CORPORATION (New)
UFS
– –
-54,281
Closed -$2.01M
CFNL
432
DELISTED
Cardinal Financial Corp
CFNL
– –
-102,252
Closed -$2.33M
PLCM
433
DELISTED
POLYCOM INC
PLCM
– –
-143,557
Closed -$1.81M
DRII
434
DELISTED
DIAMOND RESORTS INTL, INC
DRII
– –
-48,398
Closed -$1.24M
GCI
435
DELISTED
Gannett Co., Inc
GCI
– –
-68,530
Closed -$1.12M
14 15 16 17
18

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Convergence Investment Partners's Q1 2016 Portfolio in Review

As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.

  • Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
  • Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
  • Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
  • Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
  • Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
  • Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.

Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.