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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
CWEI
451
DELISTED
Clayton Williams Energy, Inc.
CWEI
– –
-7,600
Closed -$1.04M
IM
452
DELISTED
Ingram Micro
IM
– –
-143,739
Closed -$4.2M
AMSG
453
DELISTED
Amsurg Corp
AMSG
– –
-16,820
Closed -$766K
RAX
454
DELISTED
Rackspace Hosting Inc
RAX
– –
-20,005
Closed -$673K
FMER
455
DELISTED
FIRSTMERIT CORP
FMER
– –
-92,980
Closed -$1.84M
TE
456
DELISTED
TECO ENERGY INC
TE
– –
-149,307
Closed -$2.76M
HSP
457
DELISTED
HOSPIRA INC
HSP
– –
-18,305
Closed -$940K
OCR
458
DELISTED
OMNICARE INC
OCR
– –
-21,650
Closed -$1.44M
IGTE
459
DELISTED
IGATE CORPORATION
IGTE
– –
-38,751
Closed -$1.41M
CVD
460
DELISTED
COVANCE INC.
CVD
– –
-8,445
Closed -$723K
DCT
461
DELISTED
DCT Industrial Trust Inc.
DCT
– –
-57,030
Closed -$1.87M
URS
462
DELISTED
URS CORP
URS
– –
-52,325
Closed -$2.4M
BAY
463
DELISTED
BAYER AG SPONS ADR
BAY
– –
-1,707
Closed -$241K
BF
464
DELISTED
BASF AKTIENGESELLT ADS(RP1 ORD
BF
– –
-2,464
Closed -$287K
TIVO
465
DELISTED
TIVO INC
TIVO
– –
-163,217
Closed -$2.11M
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.