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CIP

Convergence Investment Partners Portfolio holdings

AUM $611M
1-Year Est. Return 61.48%
This Fund
S&P 500
This Quarter Est. Return
+3.92%
1 Year Est. Return
+61.48%
3 Year Est. Return
+199.5%
5 Year Est. Return
+275.62%
10 Year Est. Return
+998.75%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZPN
26
DELISTED
ASPEN TECHNOLOGY INC
AZPN
$4.22M 0.62%
+76,459
New +$4.22M
ZION icon
27
Zions Bancorporation
ZION
$10.1B
$4.21M 0.62%
95,974
+2,823
+3% +$116K
AVA icon
28
Avista
AVA
$3.43B
$4.2M 0.61%
+99,016
New +$4.13M
MASI
29
DELISTED
Masimo
MASI
$4.18M 0.61%
45,824
+28,136
+159% +$2.58M
EWBC icon
30
East-West Bancorp
EWBC
$17.8B
$4.11M 0.6%
70,150
+393
+0.6% +$21.6K
CVS icon
31
CVS Health
CVS
$135B
$4.09M 0.6%
50,783
+23,013
+83% +$1.82M
VZ icon
32
Verizon
VZ
$197B
$4.06M 0.59%
91,009
+3,638
+4% +$169K
JNJ icon
33
Johnson & Johnson
JNJ
$640B
$4.05M 0.59%
30,648
+16,734
+120% +$2.13M
TECD
34
DELISTED
Tech Data Corp
TECD
$4.03M 0.59%
+39,903
New +$3.84M
CNP icon
35
CenterPoint Energy
CNP
$28.3B
$3.97M 0.58%
144,892
+42,167
+41% +$1.18M
VSH icon
36
Vishay Intertechnology
VSH
$4.6B
$3.97M 0.58%
238,913
-1,305
-0.5% -$21.4K
GILD icon
37
Gilead Sciences
GILD
$165B
$3.95M 0.58%
55,860
-44,196
-44% -$2.94M
GOOGL icon
38
Alphabet (Google) Class A
GOOGL
$4.12T
$3.92M 0.57%
84,340
-13,940
-14% -$652K
MDR
39
DELISTED
McDermott International
MDR
$3.9M 0.57%
181,339
-18,946
-9% -$371K
GOOG icon
40
Alphabet (Google) Class C
GOOG
$4.11T
$3.81M 0.56%
83,760
-13,380
-14% -$613K
EBAY icon
41
eBay
EBAY
$51.2B
$3.8M 0.56%
108,883
+998
+0.9% +$34.1K
AMKR icon
42
Amkor Technology
AMKR
$10.6B
$3.78M 0.55%
386,748
-109,197
-22% -$1.24M
OI icon
43
O-I Glass
OI
$1.18B
$3.78M 0.55%
157,887
-52,373
-25% -$1.15M
WBD icon
44
Warner Bros
WBD
$64.3B
$3.77M 0.55%
145,895
+45,059
+45% +$1.22M
LPX icon
45
Louisiana-Pacific
LPX
$5.14B
$3.73M 0.55%
154,809
+34,178
+28% +$832K
BG icon
46
Bunge Global
BG
$20.9B
$3.71M 0.54%
49,779
+26,524
+114% +$2.02M
TSN icon
47
Tyson Foods
TSN
$21.5B
$3.71M 0.54%
59,180
-3,012
-5% -$185K
SBRA icon
48
Sabra Healthcare REIT
SBRA
$5.56B
$3.67M 0.54%
152,462
+109,408
+254% +$2.78M
NUS icon
49
Nu Skin
NUS
$257M
$3.61M 0.53%
57,468
-10,045
-15% -$573K
CTXS
50
DELISTED
Citrix Systems Inc
CTXS
$3.57M 0.52%
44,874
+410
+0.9% +$34K
1
2
3 4 5

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.