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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
+6.24%
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
$473M
AUM Growth
+$87.6M
Cap. Flow
+$72.5M
Cap. Flow %
15.32%
Top 10 Hldgs %
19.99%
Holding
399
New
76
Increased
122
Reduced
105
Closed
89

Top Buys

Rank Stock Value
1
CSCO icon
Cisco
CSCO
+$7.68M
2
AAPL icon
Apple
AAPL
+$5.84M
3
V icon
Visa
V
+$4.94M
4
CMCSA icon
Comcast
CMCSA
+$4.66M
5
BAC icon
Bank of America
BAC
+$4.24M

Top Sells

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$5.31M
2
IBM icon
IBM
IBM
+$5.08M
3
HPQ icon
HP
HPQ
+$4.36M
4
XRX icon
Xerox
XRX
+$4.18M
5
AVT icon
Avnet
AVT
+$3.37M

Sector Composition

Rank Sector Weight
1 Technology 15.66%
2 Financials 14.54%
3 Industrials 12.9%
4 Energy 10.62%
5 Healthcare 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VLO icon
26
Valero Energy
VLO
$87.7B
$3.23M 0.68%
94,715
+23,681
+33% +$837K
COP icon
27
ConocoPhillips
COP
$141B
$3.16M 0.67%
45,509
+3,192
+8% +$213K
MU icon
28
Micron Technology
MU
$1.04T
$3.1M 0.66%
177,294
+152,313
+610% +$2.21M
KR icon
29
Kroger
KR
$34.8B
$3.09M 0.65%
153,110
+29,408
+24% +$565K
FITB
30
Fifth Third Bancorp
FITB
$52.5B
$3.06M 0.65%
169,446
+26,514
+19% +$499K
DD icon
31
DuPont de Nemours
DD
$19.7B
$3.02M 0.64%
31,093
+22,899
+279% +$2.13M
MRK icon
32
Merck
MRK
$318B
$2.98M 0.63%
65,491
+2,522
+4% +$115K
SANM icon
33
Sanmina
SANM
$10.9B
$2.84M 0.6%
+162,599
New +$2.66M
TE
34
DELISTED
TECO ENERGY INC
TE
$2.79M 0.59%
168,812
+130,652
+342% +$2.23M
F icon
35
Ford
F
$56.8B
$2.77M 0.59%
164,321
+143,926
+706% +$2.43M
FNFG
36
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
$2.74M 0.58%
263,814
+248,239
+1,594% +$2.58M
KEY icon
37
KeyCorp
KEY
$24.8B
$2.72M 0.57%
238,289
+42,966
+22% +$513K
GAS
38
DELISTED
AGL Resources Inc
GAS
$2.67M 0.56%
58,037
+13,542
+30% +$610K
SWFT
39
DELISTED
Swift Transportation Company
SWFT
$2.64M 0.56%
+130,716
New +$2.38M
UGI icon
40
UGI
UGI
$7.63B
$2.62M 0.55%
100,512
+35,733
+55% +$958K
UNH icon
41
UnitedHealth
UNH
$376B
$2.61M 0.55%
36,497
+8,115
+29% +$581K
CAR icon
42
Avis
CAR
$4.9B
$2.59M 0.55%
89,993
+35,660
+66% +$1.07M
VZ icon
43
Verizon
VZ
$190B
$2.56M 0.54%
54,925
+5,955
+12% +$291K
AET
44
DELISTED
Aetna Inc
AET
$2.56M 0.54%
39,989
+11,485
+40% +$737K
OCR
45
DELISTED
OMNICARE INC
OCR
$2.56M 0.54%
46,070
+7,400
+19% +$395K
RF icon
46
Regions Financial
RF
$27.3B
$2.55M 0.54%
275,095
+30,848
+13% +$302K
ZION icon
47
Zions Bancorporation
ZION
$10.5B
$2.53M 0.54%
+92,305
New +$2.69M
PETM
48
DELISTED
PETSMART INC
PETM
$2.51M 0.53%
32,928
+5,525
+20% +$399K
ABT icon
49
Abbott
ABT
$181B
$2.51M 0.53%
+75,621
New +$2.65M
CMS icon
50
CMS Energy
CMS
$22.3B
$2.49M 0.53%
+94,634
New +$2.57M
1
2
3 4 5

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Convergence Investment Partners's Q3 2013 Portfolio in Review

As of Q3 2013, Convergence Investment Partners held 399 positions worth $473M, up 23% from $385M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners deployed $72.5M of net new capital in Q3 2013, opening 76 new positions and adding to 122 existing holdings. Its largest new stake was Visa: 107,020 shares worth $5.11M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Prudential Financial, an estimated $5.31M trimmed.

  • Convergence Investment Partners's largest Q3 2013 buy was Visa: 107,020 shares worth $5.11M.
  • Convergence Investment Partners added most to Cisco in Q3 2013, an estimated $7.68M increase.
  • Convergence Investment Partners's biggest Q3 2013 reduction was Prudential Financial, cutting an estimated $5.31M.
  • Convergence Investment Partners fully exited Xerox in Q3 2013, selling an estimated $4.18M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $473M portfolio in Q3 2013.
  • Convergence Investment Partners opened 76 new positions and closed 89 in Q3 2013.
  • Convergence Investment Partners's portfolio value rose 23% quarter-over-quarter to $473M.

Based on Convergence Investment Partners's 13F filing for Q3 2013, filed 14 Nov 2013.