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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
HIFR
426
DELISTED
InfraREIT, Inc.
HIFR
– –
-47,600
Closed -$857K
ESL
427
DELISTED
Esterline Technologies
ESL
– –
-6,208
Closed -$534K
ESND
428
DELISTED
Essendant Inc.
ESND
– –
-72,675
Closed -$1.1M
AET
429
DELISTED
Aetna Inc
AET
– –
-21,240
Closed -$2.71M
VR
430
DELISTED
Validus Hold Ltd
VR
– –
-9,983
Closed -$563K
CBI
431
DELISTED
Chicago Bridge & Iron Nv
CBI
– –
-44,886
Closed -$1.38M
SNI
432
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
– –
-37,947
Closed -$2.97M
GNCMA
433
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
– –
-39,006
Closed -$811K
VWR
434
DELISTED
VWR Corporation
VWR
– –
-63,700
Closed -$1.8M
RATE
435
DELISTED
Bankrate Inc
RATE
– –
-73,677
Closed -$711K
ATW
436
DELISTED
Atwood Oceanics
ATW
– –
-57,794
Closed -$551K
KATE
437
DELISTED
Kate Spade & Company
KATE
– –
-40,821
Closed -$948K
CRC
438
DELISTED
California Resources Corporation
CRC
– –
-20,702
Closed -$311K
WNR
439
DELISTED
Western Refining Inc
WNR
– –
-42,061
Closed -$1.48M
HRG
440
DELISTED
HRG Group, Inc.
HRG
– –
-198,505
Closed -$3.83M
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.