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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
MUSA icon
676
Murphy USA
MUSA
$9.61B
– –
-24
Closed -$2K
NAVI icon
677
Navient
NAVI
$853M
– –
-3,315
Closed -$43K
NBR icon
678
Nabors Industries
NBR
$1.21B
– –
-21
Closed -$7K
NCLH icon
679
Norwegian Cruise Line
NCLH
$8.84B
– –
-72
Closed -$4K
NDAQ icon
680
Nasdaq
NDAQ
$52.9B
– –
-105
Closed -$3K
NEE icon
681
NextEra Energy
NEE
$177B
– –
-3,272
Closed -$134K
NEM icon
682
Newmont
NEM
$119B
– –
-1,709
Closed -$67K
NEU icon
683
NewMarket
NEU
$8.18B
– –
-63
Closed -$25K
NFG icon
684
National Fuel Gas
NFG
$7.65B
– –
-94,195
Closed -$4.85M
NGG icon
685
National Grid
NGG
$81.3B
– –
-207
Closed -$10K
NKTR icon
686
Nektar Therapeutics
NKTR
$2.58B
– –
-1
Closed -$2K
NLY icon
687
Annaly Capital Management
NLY
$17.4B
– –
-691
Closed -$29K
NMR icon
688
Nomura Holdings
NMR
$29.1B
– –
-1,112
Closed -$7K
NOAH
689
Noah Holdings
NOAH
$603M
– –
-9
Closed –
NOC icon
690
Northrop Grumman
NOC
$81.2B
– –
-366
Closed -$128K
NOK icon
691
Nokia
NOK
$52.3B
– –
-2,539
Closed -$14K
NOV icon
692
NOV
NOV
$7B
– –
-1,321
Closed -$49K
NRG icon
693
NRG Energy
NRG
$24.8B
– –
-1,296
Closed -$40K
NSIT icon
694
Insight Enterprises
NSIT
$4.38B
– –
-135
Closed -$5K
NTES icon
695
NetEase
NTES
$84.7B
– –
-120
Closed -$7K
NTGR icon
696
NETGEAR
NTGR
$635M
– –
-27,186
Closed -$1.55M
NTR icon
697
Nutrien
NTR
$30.7B
– –
-221
Closed -$10K
NTRS icon
698
Northern Trust
NTRS
$33.9B
– –
-735
Closed -$76K
NUE icon
699
Nucor
NUE
$62.1B
– –
-1,046
Closed -$64K
NVO
700
Novo Nordisk
NVO
$209B
– –
-832
Closed -$20K
26 27
28
29 30

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SFP
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ECM
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NRG
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HW
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LAM
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BGIM
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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.