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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
+1.19%
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
$727M
AUM Growth
-$114M
Cap. Flow
-$112M
Cap. Flow %
-15.44%
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114

Top Buys

Rank Stock Value
1
CYH icon
Community Health Systems
CYH
+$5.1M
2
DYN
Dynegy, Inc.
DYN
+$5.07M
3
ON icon
ON Semiconductor
ON
+$4.6M
4
ZION icon
Zions Bancorporation
ZION
+$4.4M
5
PDM
Piedmont Realty Trust
PDM
+$4.37M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$7.52M
2
COTY icon
Coty
COTY
+$5.41M
3
OGS icon
ONE Gas
OGS
+$5.34M
4
HON icon
Honeywell
HON
+$5.3M
5
MENT
Mentor Graphics Corp
MENT
+$5.25M

Sector Composition

Rank Sector Weight
1 Financials 15.69%
2 Technology 13.71%
3 Industrials 12.3%
4 Healthcare 11.84%
5 Consumer Staples 9.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBM icon
26
IBM
IBM
$211B
$5.08M 0.7%
35,011
+23,682
+209% +$3.39M
AXP icon
27
American Express
AXP
$227B
$5.04M 0.69%
82,963
-2,858
-3% -$181K
DYN
28
DELISTED
Dynegy, Inc.
DYN
$5.03M 0.69%
+292,008
New +$5.07M
TSN icon
29
Tyson Foods
TSN
$20.4B
$4.99M 0.69%
74,714
-25,989
-26% -$1.69M
PDM
30
Piedmont Realty Trust
PDM
$1.21B
$4.64M 0.64%
+215,250
New +$4.37M
PFE icon
31
Pfizer
PFE
$143B
$4.62M 0.64%
138,383
-2,953
-2% -$94.2K
RLJ icon
32
RLJ Lodging Trust
RLJ
$1.86B
$4.6M 0.63%
214,590
-27,889
-12% -$593K
TECD
33
DELISTED
Tech Data Corp
TECD
$4.58M 0.63%
63,787
-3,640
-5% -$264K
CALM icon
34
Cal-Maine
CALM
$4.12B
$4.58M 0.63%
103,347
-85,660
-45% -$4.04M
DCT
35
DELISTED
DCT Industrial Trust Inc.
DCT
$4.56M 0.63%
+94,920
New +$4.04M
FAF icon
36
First American
FAF
$7.66B
$4.54M 0.63%
112,938
+42,507
+60% +$1.59M
ESRT icon
37
Empire State Realty Trust
ESRT
$872M
$4.47M 0.62%
235,672
-54,025
-19% -$1.01M
WKC icon
38
World Kinect Corp
WKC
$2.04B
$4.47M 0.62%
94,190
-12,596
-12% -$586K
CCL icon
39
Carnival Corporation Ltd
CCL
$38.1B
$4.34M 0.6%
98,230
+21,616
+28% +$1.06M
WNR
40
DELISTED
Western Refining Inc
WNR
$4.34M 0.6%
210,438
+32,511
+18% +$763K
MRK icon
41
Merck
MRK
$322B
$4.34M 0.6%
78,912
+21,180
+37% +$1.13M
ON icon
42
ON Semiconductor
ON
$31.8B
$4.26M 0.59%
+483,421
New +$4.6M
STI
43
DELISTED
SunTrust Banks, Inc.
STI
$4.24M 0.58%
103,310
+43,541
+73% +$1.78M
PAYX icon
44
Paychex
PAYX
$41.6B
$4.23M 0.58%
71,070
-9,070
-11% -$486K
AZPN
45
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$4.2M 0.58%
104,398
-68,206
-40% -$2.74M
CYH icon
46
Community Health Systems
CYH
$393M
$4.19M 0.58%
+347,941
New +$5.1M
ZION icon
47
Zions Bancorporation
ZION
$10.2B
$4.17M 0.57%
+165,923
New +$4.4M
SFLY
48
DELISTED
Shutterfly, Inc.
SFLY
$4.14M 0.57%
88,768
-13,000
-13% -$610K
PRI icon
49
Primerica
PRI
$9.98B
$4.13M 0.57%
72,166
-28,482
-28% -$1.48M
HA
50
DELISTED
Hawaiian Holdings, Inc.
HA
$4.12M 0.57%
108,433
-1,399
-1% -$59.2K
1
2
3 4 5

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Convergence Investment Partners's Q2 2016 Portfolio in Review

As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.

  • Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
  • Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
  • Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
  • Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
  • Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
  • Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.

Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.