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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
+3.91%
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
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RLJ icon
26
RLJ Lodging Trust
RLJ
$1.89B
$4.54M 0.64%
193,071
+123,245
+177% +$2.88M
HE icon
27
Hawaiian Electric Industries
HE
$2.21B
$4.45M 0.62%
133,556
+35,176
+36% +$1.17M
SHO icon
28
Sunstone Hotel Investors
SHO
$2.21B
$4.31M 0.61%
281,346
+191,485
+213% +$2.85M
PRXL
29
DELISTED
Parexel International Corp
PRXL
$4.3M 0.6%
68,154
-1,665
-2% -$110K
OI icon
30
O-I Glass
OI
$1.11B
$4.29M 0.6%
210,260
-17,253
-8% -$338K
VZ icon
31
Verizon
VZ
$198B
$4.26M 0.6%
87,371
-3,788
-4% -$190K
GOOGL icon
32
Alphabet (Google) Class A
GOOGL
$4.49T
$4.17M 0.58%
98,280
+8,260
+9% +$347K
TTMI icon
33
TTM Technologies
TTMI
$12.6B
$4.07M 0.57%
252,218
+88,575
+54% +$1.38M
MDR
34
DELISTED
McDermott International
MDR
$4.06M 0.57%
200,285
-28,362
-12% -$625K
ESNT icon
35
Essent Group
ESNT
$6.18B
$4.05M 0.57%
111,894
-9,862
-8% -$342K
GOOG icon
36
Alphabet (Google) Class C
GOOG
$4.49T
$4.03M 0.57%
97,140
+920
+1% +$37.7K
RDC
37
DELISTED
Rowan Companies Plc
RDC
$3.97M 0.56%
254,570
-31,421
-11% -$553K
PRI icon
38
Primerica
PRI
$10.1B
$3.95M 0.55%
48,080
-8,955
-16% -$698K
VSH icon
39
Vishay Intertechnology
VSH
$5.37B
$3.95M 0.55%
240,218
+60,704
+34% +$990K
MTG icon
40
MGIC Investment
MTG
$6.29B
$3.92M 0.55%
+387,350
New +$4.08M
ZION icon
41
Zions Bancorporation
ZION
$10.3B
$3.91M 0.55%
93,151
-10,829
-10% -$470K
HUN icon
42
Huntsman Corp
HUN
$1.78B
$3.9M 0.55%
158,998
-2,164
-1% -$46.5K
TSN icon
43
Tyson Foods
TSN
$21B
$3.84M 0.54%
62,192
+456
+0.7% +$28.7K
HRG
44
DELISTED
HRG Group, Inc.
HRG
$3.83M 0.54%
198,505
+88,331
+80% +$1.55M
FITB
45
Fifth Third Bancorp
FITB
$51.7B
$3.82M 0.54%
150,490
-89,716
-37% -$2.39M
MSFT icon
46
Microsoft
MSFT
$3.6T
$3.75M 0.53%
56,963
-45,379
-44% -$2.91M
NUS icon
47
Nu Skin
NUS
$256M
$3.75M 0.53%
67,513
+62,969
+1,386% +$3.24M
CTXS
48
DELISTED
Citrix Systems Inc
CTXS
$3.71M 0.52%
44,464
-2,494
-5% -$194K
AVNS
49
DELISTED
Avanos Medical
AVNS
$3.69M 0.52%
96,989
-6,110
-6% -$238K
EXC icon
50
Exelon
EXC
$47.3B
$3.69M 0.52%
143,948
-1,755
-1% -$44.7K
1
2
3 4 5

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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.