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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CA
26
DELISTED
CA, Inc.
CA
$4.63M 0.68%
139,915
-25,359
-15% -$855K
RF icon
27
Regions Financial
RF
$27.4B
$4.59M 0.68%
465,174
-179,883
-28% -$1.68M
PAG icon
28
Penske Automotive Group
PAG
$14.3B
$4.54M 0.67%
94,220
+8,549
+10% +$356K
IBM icon
29
IBM
IBM
$222B
$4.49M 0.66%
29,575
-5,436
-16% -$825K
COF icon
30
Capital One
COF
$137B
$4.39M 0.65%
61,103
-21,632
-26% -$1.49M
MS icon
31
Morgan Stanley
MS
$343B
$4.35M 0.64%
135,780
+53,294
+65% +$1.59M
GXP
32
DELISTED
Great Plains Energy Incorporated
GXP
$4.34M 0.64%
+158,944
New +$4.55M
SWX icon
33
Southwest Gas
SWX
$6.62B
$4.28M 0.63%
61,195
-13,231
-18% -$976K
C icon
34
Citigroup
C
$233B
$4.26M 0.63%
90,292
+79,114
+708% +$3.6M
GOOG icon
35
Alphabet (Google) Class C
GOOG
$4.64T
$4.17M 0.62%
107,360
+97,640
+1,005% +$3.71M
TECD
36
DELISTED
Tech Data Corp
TECD
$4.13M 0.61%
48,781
-15,006
-24% -$1.16M
BBY icon
37
Best Buy
BBY
$17.8B
$4.08M 0.6%
106,966
+41,594
+64% +$1.46M
ACH
38
Accendra Health
ACH
$238M
$4.05M 0.6%
116,618
-48,468
-29% -$1.7M
TSN icon
39
Tyson Foods
TSN
$20.7B
$4M 0.59%
53,596
-21,118
-28% -$1.55M
BAC icon
40
Bank of America
BAC
$443B
$3.93M 0.58%
250,910
+222,698
+789% +$3.32M
ZION icon
41
Zions Bancorporation
ZION
$10.5B
$3.81M 0.56%
122,788
-43,135
-26% -$1.23M
JBL icon
42
Jabil
JBL
$35.8B
$3.81M 0.56%
174,527
+69,003
+65% +$1.44M
RDC
43
DELISTED
Rowan Companies Plc
RDC
$3.77M 0.56%
248,470
+45,577
+22% +$667K
ETR icon
44
Entergy
ETR
$49.7B
$3.67M 0.54%
95,518
+47,988
+101% +$1.91M
NUS icon
45
Nu Skin
NUS
$254M
$3.66M 0.54%
+56,532
New +$3.18M
CNP icon
46
CenterPoint Energy
CNP
$26.7B
$3.57M 0.53%
153,801
-5,694
-4% -$133K
PRI icon
47
Primerica
PRI
$10.1B
$3.56M 0.53%
67,123
-5,043
-7% -$279K
RIG icon
48
Transocean
RIG
$5.69B
$3.54M 0.52%
+332,170
New +$3.51M
CTXS
49
DELISTED
Citrix Systems Inc
CTXS
$3.53M 0.52%
51,971
-5,749
-10% -$392K
MA icon
50
Mastercard
MA
$501B
$3.52M 0.52%
34,637
-8,497
-20% -$815K
1
2
3 4 5

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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.