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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
+6.3%
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
$716M
AUM Growth
-$51.2M
Cap. Flow
-$79M
Cap. Flow %
-11.03%
Top 10 Hldgs %
14.13%
Holding
1,098
New
59
Increased
131
Reduced
112
Closed
794

Top Buys

Rank Stock Value
1
SYNT
Syntel Inc
SYNT
+$5.46M
2
THC icon
Tenet Healthcare
THC
+$4.51M
3
CA
CA, Inc.
CA
+$4.33M
4
INTC icon
Intel
INTC
+$4.14M
5
VST icon
Vistra
VST
+$4.05M

Top Sells

Rank Stock Value
1
YELP icon
Yelp
YELP
+$6.14M
2
TVPT
Travelport Worldwide Limited
TVPT
+$4.98M
3
NFG icon
National Fuel Gas
NFG
+$4.85M
4
VRNT
Verint Systems
VRNT
+$4.74M
5
PCH
PotlatchDeltic
PCH
+$4.63M

Sector Composition

Rank Sector Weight
1 Technology 16.62%
2 Financials 16.09%
3 Healthcare 13.49%
4 Industrials 11.41%
5 Consumer Discretionary 10.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ITUB icon
601
Itaú Unibanco
ITUB
$87.5B
– –
-1,429
Closed -$11K
ITW icon
602
Illinois Tool Works
ITW
$84.5B
– –
-606
Closed -$95K
IX icon
603
ORIX
IX
$43.5B
– –
-495
Closed -$9K
J icon
604
Jacobs Solutions
J
$17B
– –
-862
Closed -$42K
JBGS
605
JBG SMITH
JBGS
$708M
– –
-1
Closed –
JBHT icon
606
JB Hunt Transport Services
JBHT
$25.2B
– –
-15
Closed -$2K
JBLU icon
607
JetBlue
JBLU
$2.29B
– –
-429
Closed -$9K
JCI icon
608
Johnson Controls International
JCI
$92.2B
– –
-2,067
Closed -$73K
JD icon
609
JD.com
JD
$44.5B
– –
-400
Closed -$16K
JEF icon
610
Jefferies Financial Group
JEF
$13.1B
– –
-989
Closed -$20K
JHX icon
611
James Hardie Industries
JHX
$17.5B
– –
-48
Closed -$1K
JNPR
612
DELISTED
Juniper Networks
JNPR
– –
-168
Closed -$4K
JWN
613
DELISTED
Nordstrom
JWN
– –
-650
Closed -$31K
K
614
DELISTED
Kellanova
K
– –
-952
Closed -$58K
KB icon
615
KB Financial Group
KB
$43.5B
– –
-24
Closed -$1K
KBH icon
616
KB Home
KBH
$3.59B
– –
-115,182
Closed -$3.28M
KDP icon
617
Keurig Dr Pepper
KDP
$40.8B
– –
-200
Closed -$24K
KELYA icon
618
Kelly Services Class A
KELYA
$528M
– –
-1,380
Closed -$40K
KEP icon
619
Korea Electric Power
KEP
$16B
– –
-351
Closed -$5K
KEY icon
620
KeyCorp
KEY
$24.4B
– –
-2,678
Closed -$52K
KEYS icon
621
Keysight
KEYS
$58.3B
– –
-1
Closed –
KHC icon
622
Kraft Heinz
KHC
$30B
– –
-833
Closed -$52K
KIM icon
623
Kimco Realty
KIM
$16.4B
– –
-351
Closed -$5K
KLAC icon
624
KLA
KLAC
$259B
– –
-4,130
Closed -$45K
KMI icon
625
Kinder Morgan
KMI
$68.7B
– –
-4,244
Closed -$64K
23 24
25
26 27

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Convergence Investment Partners's Q2 2018 Portfolio in Review

As of Q2 2018, Convergence Investment Partners held 1,098 positions worth $716M, down 6.7% from $768M the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Convergence Investment Partners withdrew a net $79M in Q2 2018, closing 794 positions and reducing 112 holdings. Its most notable exit was Yelp, an estimated $6.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Syntel Inc worth $5.86M.

  • Convergence Investment Partners's largest Q2 2018 buy was Syntel Inc: 182,703 shares worth $5.86M.
  • Convergence Investment Partners added most to Tenet Healthcare in Q2 2018, an estimated $4.51M increase.
  • Convergence Investment Partners's biggest Q2 2018 reduction was Bread Financial, cutting an estimated $3.96M.
  • Convergence Investment Partners fully exited Yelp in Q2 2018, selling an estimated $6.14M.
  • Convergence Investment Partners's ten largest holdings make up 14% of its $716M portfolio in Q2 2018.
  • Convergence Investment Partners opened 59 new positions and closed 794 in Q2 2018.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $716M.

Based on Convergence Investment Partners's 13F filing for Q2 2018, filed 7 Aug 2018.