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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
+2.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.26%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$359M
AUM Growth
-$54.9M
Cap. Flow
-$60.4M
Cap. Flow %
-16.81%
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88

Top Buys

Rank Stock Value
1
SO icon
Southern Company
SO
+$2.55M
2
IPG
Interpublic Group of Companies
IPG
+$2.43M
3
DUK icon
Duke Energy
DUK
+$2.37M
4
T icon
AT&T
T
+$2.36M
5
MDT icon
Medtronic
MDT
+$2.1M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$4.68M
2
VZ icon
Verizon
VZ
+$3.21M
3
CMCSA icon
Comcast
CMCSA
+$3.15M
4
AVB icon
AvalonBay Communities
AVB
+$2.59M
5
UNP icon
Union Pacific
UNP
+$2.52M

Sector Composition

Rank Sector Weight
1 Technology 16.97%
2 Financials 16.77%
3 Healthcare 12.46%
4 Industrials 10.79%
5 Consumer Staples 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
26
Amazon
AMZN
$2.94T
$3.35M 0.93%
38,640
-1,360
-3% -$126K
OMC icon
27
Omnicom Group
OMC
$22.6B
$3.16M 0.88%
40,385
-9,161
-18% -$728K
MET icon
28
MetLife
MET
$64.3B
$3.14M 0.88%
66,651
-5,876
-8% -$280K
PRU icon
29
Prudential Financial
PRU
$41.9B
$3.02M 0.84%
33,520
-1,910
-5% -$173K
CAH icon
30
Cardinal Health
CAH
$55.7B
$2.99M 0.83%
63,413
-8,347
-12% -$381K
GOOG icon
31
Alphabet (Google) Class C
GOOG
$4.36T
$2.97M 0.83%
48,740
-16,000
-25% -$947K
MO icon
32
Altria Group
MO
$113B
$2.95M 0.82%
72,098
-15,709
-18% -$723K
DFS
33
DELISTED
Discover Financial Services
DFS
$2.87M 0.8%
35,399
-9,087
-20% -$750K
SBUX icon
34
Starbucks
SBUX
$120B
$2.85M 0.79%
32,248
-4,806
-13% -$446K
SO icon
35
Southern Company
SO
$107B
$2.72M 0.76%
+44,037
New +$2.55M
XOM icon
36
ExxonMobil
XOM
$642B
$2.59M 0.72%
36,631
-1,467
-4% -$106K
AES icon
37
AES
AES
$10.5B
$2.58M 0.72%
157,978
-13,973
-8% -$225K
MDT icon
38
Medtronic
MDT
$110B
$2.56M 0.71%
23,528
+20,085
+583% +$2.1M
FITB
39
Fifth Third Bancorp
FITB
$51.7B
$2.53M 0.71%
92,565
-3,834
-4% -$105K
AVGO icon
40
Broadcom
AVGO
$2T
$2.5M 0.7%
90,640
+20,350
+29% +$579K
DUK icon
41
Duke Energy
DUK
$96.6B
$2.5M 0.7%
+26,081
New +$2.37M
PSX icon
42
Phillips 66
PSX
$82.4B
$2.48M 0.69%
24,197
+134
+0.6% +$13.4K
IPG
43
DELISTED
Interpublic Group of Companies
IPG
$2.43M 0.68%
+112,637
New +$2.43M
CMI icon
44
Cummins
CMI
$88.7B
$2.42M 0.68%
14,900
-3,497
-19% -$559K
COR icon
45
Cencora
COR
$63.2B
$2.4M 0.67%
29,111
-2,488
-8% -$214K
HPE icon
46
Hewlett Packard
HPE
$69.4B
$2.4M 0.67%
157,925
+43,029
+37% +$612K
AMP icon
47
Ameriprise Financial
AMP
$49.5B
$2.38M 0.66%
16,181
-3,704
-19% -$519K
SYF icon
48
Synchrony
SYF
$25.6B
$2.37M 0.66%
69,389
-16,195
-19% -$555K
ETN icon
49
Eaton
ETN
$174B
$2.35M 0.65%
28,213
-65
-0.2% -$5.27K
GRMN
50
Garmin
GRMN
$58.2B
$2.2M 0.61%
26,005
-2,369
-8% -$191K
1
2
3 4 5

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Convergence Investment Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.

  • Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
  • Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
  • Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
  • Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
  • Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
  • Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.

Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.