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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
+4.96%
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
$414M
AUM Growth
-$44.2M
Cap. Flow
-$55.4M
Cap. Flow %
-13.39%
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116

Top Buys

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$2.43M
2
INTU icon
Intuit
INTU
+$2.21M
3
CDNS icon
Cadence Design Systems
CDNS
+$2.05M
4
SBGI icon
Sinclair Inc
SBGI
+$2.01M
5
DK icon
Delek US
DK
+$1.96M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$3.95M
2
JPM icon
JPMorgan Chase
JPM
+$3.64M
3
DIS icon
Walt Disney
DIS
+$3.14M
4
PFE icon
Pfizer
PFE
+$2.63M
5
MSFT icon
Microsoft
MSFT
+$2.51M

Sector Composition

Rank Sector Weight
1 Technology 17.46%
2 Financials 16.39%
3 Healthcare 13.02%
4 Industrials 11%
5 Consumer Discretionary 8.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
26
Amazon
AMZN
$2.99T
$3.79M 0.92%
40,000
-6,400
-14% -$596K
MET icon
27
MetLife
MET
$61.9B
$3.6M 0.87%
72,527
-6,518
-8% -$306K
PRU icon
28
Prudential Financial
PRU
$42.9B
$3.58M 0.86%
35,430
-2,581
-7% -$257K
INTC icon
29
Intel
INTC
$509B
$3.57M 0.86%
74,580
-36,250
-33% -$1.8M
CMCSA icon
30
Comcast
CMCSA
$88.5B
$3.54M 0.85%
83,676
-23,208
-22% -$979K
GOOG icon
31
Alphabet (Google) Class C
GOOG
$4.59T
$3.5M 0.85%
64,740
+1,680
+3% +$96.9K
DFS
32
DELISTED
Discover Financial Services
DFS
$3.45M 0.83%
44,486
+22,708
+104% +$1.76M
CAH icon
33
Cardinal Health
CAH
$54.7B
$3.38M 0.82%
71,760
-1,443
-2% -$66.6K
CMI icon
34
Cummins
CMI
$87.8B
$3.15M 0.76%
18,397
+8,952
+95% +$1.47M
SBUX icon
35
Starbucks
SBUX
$120B
$3.11M 0.75%
37,054
-4,168
-10% -$327K
SYF icon
36
Synchrony
SYF
$25.7B
$2.97M 0.72%
85,584
+23,823
+39% +$808K
XOM icon
37
ExxonMobil
XOM
$638B
$2.92M 0.71%
38,098
-20,644
-35% -$1.6M
AMP icon
38
Ameriprise Financial
AMP
$48.9B
$2.89M 0.7%
19,885
-1,571
-7% -$227K
AES icon
39
AES
AES
$10.5B
$2.88M 0.7%
171,951
-7,164
-4% -$121K
GOOGL icon
40
Alphabet (Google) Class A
GOOGL
$4.62T
$2.74M 0.66%
50,640
+20,460
+68% +$1.18M
COR icon
41
Cencora
COR
$59.6B
$2.69M 0.65%
31,599
+6,596
+26% +$522K
FITB
42
Fifth Third Bancorp
FITB
$52.4B
$2.69M 0.65%
96,399
-14,325
-13% -$393K
AVB icon
43
AvalonBay Communities
AVB
$27B
$2.59M 0.63%
12,759
+409
+3% +$82.9K
MRK icon
44
Merck
MRK
$316B
$2.49M 0.6%
31,096
-3,533
-10% -$271K
SBGI icon
45
Sinclair Inc
SBGI
$1.01B
$2.47M 0.6%
45,975
+39,714
+634% +$2.01M
CORE
46
DELISTED
Core Mark Holding Co., Inc.
CORE
$2.44M 0.59%
61,546
+4,802
+8% +$180K
PYPL icon
47
PayPal
PYPL
$50.1B
$2.37M 0.57%
20,729
-17
-0.1% -$1.88K
ETN icon
48
Eaton
ETN
$173B
$2.35M 0.57%
28,278
+62
+0.2% +$5.02K
HST icon
49
Host Hotels & Resorts
HST
$17.1B
$2.33M 0.56%
127,663
-11,435
-8% -$216K
VRNT
50
DELISTED
Verint Systems
VRNT
$2.29M 0.55%
83,534
-18,471
-18% -$555K
1
2
3 4 5

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Convergence Investment Partners's Q2 2019 Portfolio in Review

As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.

  • Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
  • Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
  • Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
  • Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
  • Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
  • Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.

Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.