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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
-20.74%
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
$229M
AUM Growth
-$123M
Cap. Flow
-$50.6M
Cap. Flow %
-22.12%
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$2.37M
2
GS icon
Goldman Sachs
GS
+$2.18M
3
MPC icon
Marathon Petroleum
MPC
+$1.66M
4
GM icon
General Motors
GM
+$1.46M
5
CFG icon
Citizens Financial Group
CFG
+$1.26M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.47M
2
PFE icon
Pfizer
PFE
+$2.04M
3
FITB
Fifth Third Bancorp
FITB
+$1.9M
4
NEE icon
NextEra Energy
NEE
+$1.86M
5
DFS
Discover Financial Services
DFS
+$1.82M

Sector Composition

Rank Sector Weight
1 Technology 18.8%
2 Healthcare 16.5%
3 Financials 14.66%
4 Communication Services 9.42%
5 Consumer Staples 9.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PFE icon
26
Pfizer
PFE
$153B
$2.26M 0.99%
72,863
-59,801
-45% -$2.04M
GOOG icon
27
Alphabet (Google) Class C
GOOG
$4.32T
$2.1M 0.92%
36,120
-12,660
-26% -$859K
WFC icon
28
Wells Fargo
WFC
$264B
$2.08M 0.91%
72,659
-20,526
-22% -$873K
ETN icon
29
Eaton
ETN
$174B
$2.08M 0.91%
26,751
-956
-3% -$87.6K
BAC icon
30
Bank of America
BAC
$442B
$2.07M 0.9%
97,429
-24,702
-20% -$741K
GOOGL icon
31
Alphabet (Google) Class A
GOOGL
$4.33T
$2.02M 0.89%
34,840
-1,700
-5% -$115K
MO icon
32
Altria Group
MO
$114B
$1.86M 0.82%
48,189
-3,733
-7% -$166K
AES icon
33
AES
AES
$10.5B
$1.86M 0.81%
136,866
-3,328
-2% -$59.7K
STT icon
34
State Street
STT
$50.7B
$1.82M 0.8%
+34,103
New +$2.37M
KO icon
35
Coca-Cola
KO
$375B
$1.81M 0.79%
40,903
+13,981
+52% +$755K
SO icon
36
Southern Company
SO
$107B
$1.77M 0.78%
32,733
-10,297
-24% -$652K
GS icon
37
Goldman Sachs
GS
$303B
$1.73M 0.76%
11,212
+10,247
+1,062% +$2.18M
CVX icon
38
Chevron
CVX
$366B
$1.71M 0.75%
23,558
-2,806
-11% -$277K
PRU icon
39
Prudential Financial
PRU
$41.8B
$1.64M 0.72%
31,396
-1,630
-5% -$130K
FR icon
40
First Industrial Realty Trust
FR
$8.44B
$1.61M 0.71%
48,578
+28,028
+136% +$1.11M
ITW icon
41
Illinois Tool Works
ITW
$84.5B
$1.6M 0.7%
11,248
-622
-5% -$106K
WBA
42
DELISTED
Walgreens Boots Alliance
WBA
$1.59M 0.7%
34,786
+6,756
+24% +$343K
MET icon
43
MetLife
MET
$62.1B
$1.59M 0.69%
51,963
-4,285
-8% -$190K
JNJ icon
44
Johnson & Johnson
JNJ
$625B
$1.58M 0.69%
12,043
+5,327
+79% +$756K
HPE icon
45
Hewlett Packard
HPE
$70.5B
$1.55M 0.68%
160,057
+90,208
+129% +$1.18M
META icon
46
Meta Platforms (Facebook)
META
$1.51T
$1.54M 0.68%
9,254
-4,483
-33% -$878K
RTX icon
47
RTX Corp
RTX
$301B
$1.49M 0.65%
25,039
+6,592
+36% +$558K
UNH icon
48
UnitedHealth
UNH
$370B
$1.48M 0.65%
5,927
+3,008
+103% +$828K
V icon
49
Visa
V
$677B
$1.44M 0.63%
8,939
-2,637
-23% -$497K
MPC icon
50
Marathon Petroleum
MPC
$83.7B
$1.38M 0.6%
58,287
+36,016
+162% +$1.66M
1
2
3 4 5

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Convergence Investment Partners's Q1 2020 Portfolio in Review

As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.

  • Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
  • Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
  • Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
  • Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
  • Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
  • Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.

Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.