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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
MO icon
26
Altria Group
MO
$113B
$4.63M 0.64%
92,628
+87
+0.1% +$4.62K
MMM icon
27
3M
MMM
$93.2B
$4.58M 0.64%
33,233
+14,657
+79% +$2.02M
AZPN
28
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$4.56M 0.63%
118,459
+30,248
+34% +$1.16M
XOM icon
29
ExxonMobil
XOM
$642B
$4.48M 0.62%
52,684
-44,585
-46% -$3.95M
PFE icon
30
Pfizer
PFE
$149B
$4.4M 0.61%
133,199
+9,952
+8% +$316K
IVV icon
31
iShares Core S&P 500 ETF
IVV
$897B
$4.34M 0.6%
+20,900
New +$4.34M
DK icon
32
Delek US
DK
$3.6B
$4.21M 0.58%
105,907
+73,361
+225% +$2.43M
QCOM icon
33
Qualcomm
QCOM
$168B
$4.2M 0.58%
60,613
-39,503
-39% -$2.78M
GOOG icon
34
Alphabet (Google) Class C
GOOG
$4.36T
$4.17M 0.58%
150,793
-141,086
-48% -$3.78M
EA icon
35
Electronic Arts
EA
$4.13M 0.57%
70,191
+28,463
+68% +$1.53M
ETR icon
36
Entergy
ETR
$49.7B
$4.13M 0.57%
106,466
+2,174
+2% +$89.2K
COP icon
37
ConocoPhillips
COP
$142B
$4.11M 0.57%
65,976
+4,951
+8% +$320K
CUZ icon
38
Cousins Properties
CUZ
$4.91B
$4.08M 0.57%
136,464
+114,398
+518% +$3.53M
LEA icon
39
Lear
LEA
$7.93B
$4.04M 0.56%
36,491
-10,554
-22% -$1.11M
NJR icon
40
New Jersey Resources
NJR
$5.53B
$4.01M 0.56%
129,129
+38,857
+43% +$1.22M
PRXL
41
DELISTED
Parexel International Corp
PRXL
$3.97M 0.55%
57,522
+3,552
+7% +$226K
PBF icon
42
PBF Energy
PBF
$7.26B
$3.94M 0.55%
116,274
-93,552
-45% -$2.71M
VOYA icon
43
Voya Financial
VOYA
$9.2B
$3.9M 0.54%
90,521
+8,983
+11% +$378K
UFS
44
DELISTED
DOMTAR CORPORATION (New)
UFS
$3.89M 0.54%
84,104
-43,046
-34% -$1.81M
X
45
DELISTED
US Steel
X
$3.88M 0.54%
158,800
+67,283
+74% +$1.6M
BURL icon
46
Burlington
BURL
$23.4B
$3.85M 0.53%
64,793
-27,436
-30% -$1.47M
ABG icon
47
Asbury Automotive
ABG
$3.88B
$3.82M 0.53%
46,021
-11,237
-20% -$867K
AFSI
48
DELISTED
AmTrust Financial Services, Inc.
AFSI
$3.79M 0.53%
133,042
-16,952
-11% -$459K
PG icon
49
Procter & Gamble
PG
$342B
$3.79M 0.53%
46,229
+13,893
+43% +$1.19M
ADM icon
50
Archer Daniels Midland
ADM
$37.4B
$3.77M 0.52%
79,591
+48,575
+157% +$2.31M
1
2
3 4 5

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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.