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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
HSP
451
DELISTED
HOSPIRA INC
HSP
– –
-18,480
Closed -$1.13M
ADVS
452
DELISTED
Advent Software Inc
ADVS
– –
-46,990
Closed -$1.44M
PTRY
453
DELISTED
PANTRY INC (THE)
PTRY
– –
-72,680
Closed -$2.69M
AUXL
454
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
– –
-33,300
Closed -$1.15M
OUBS
455
DELISTED
USB AG (NEW)
OUBS
– –
-13,521
Closed -$224K
RFMD
456
DELISTED
RF MICRO DEVICES INC
RFMD
– –
-213,860
Closed -$3.55M
STRZA
457
DELISTED
Starz - Series A
STRZA
– –
-15,344
Closed -$456K
PC
458
DELISTED
PANASONIC CORP ADR (REP 1 SHR COM STK) (JP)
PC
– –
-10,868
Closed -$129K
CBB
459
DELISTED
Cincinnati Bell Inc.
CBB
– –
-34,783
Closed -$555K
LPNT
460
DELISTED
LifePoint Health, Inc.
LPNT
– –
-20,660
Closed -$1.49M
BCR
461
DELISTED
CR Bard Inc.
BCR
– –
-18,120
Closed -$3.02M
SPLS
462
DELISTED
Staples Inc
SPLS
– –
-61,630
Closed -$1.12M
LXK
463
DELISTED
Lexmark Intl Inc
LXK
– –
-86,548
Closed -$3.57M
WOOF
464
DELISTED
VCA Inc.
WOOF
– –
-34,220
Closed -$1.67M
RHT
465
DELISTED
Red Hat Inc
RHT
– –
-14,698
Closed -$1.02M
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.