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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
+2.2%
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
$840M
AUM Growth
-$50.9M
Cap. Flow
-$65M
Cap. Flow %
-7.73%
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112

Top Buys

Rank Stock Value
1
MENT
Mentor Graphics Corp
MENT
+$6.15M
2
VZ icon
Verizon
VZ
+$6.08M
3
LDOS icon
Leidos
LDOS
+$5.76M
4
WBD icon
Warner Bros
WBD
+$5.02M
5
AXP icon
American Express
AXP
+$4.99M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$9.73M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$9.71M
3
CMCSA icon
Comcast
CMCSA
+$7.57M
4
IBM icon
IBM
IBM
+$7.27M
5
CYH icon
Community Health Systems
CYH
+$5.87M

Sector Composition

Rank Sector Weight
1 Financials 15.13%
2 Technology 14.49%
3 Industrials 11.97%
4 Healthcare 11.15%
5 Consumer Staples 8.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDRX
51
DELISTED
Veradigm Inc. Common Stock
MDRX
$4.65M 0.55%
351,812
-52,066
-13% -$684K
WU icon
52
Western Union
WU
$2.23B
$4.52M 0.54%
234,094
-23,914
-9% -$430K
PRI icon
53
Primerica
PRI
$10.2B
$4.48M 0.53%
+100,648
New +$4.35M
WOR icon
54
Worthington Enterprises
WOR
$2.83B
$4.41M 0.53%
+200,786
New +$3.84M
RAX
55
DELISTED
Rackspace Hosting Inc
RAX
$4.41M 0.52%
+204,242
New +$4.16M
DD icon
56
DuPont de Nemours
DD
$19.5B
$4.39M 0.52%
34,078
-2,984
-8% -$358K
CMCSA icon
57
Comcast
CMCSA
$89.3B
$4.35M 0.52%
142,482
-263,708
-65% -$7.57M
PAYX icon
58
Paychex
PAYX
$42.7B
$4.33M 0.52%
80,140
-22,652
-22% -$1.14M
ANDV
59
DELISTED
Andeavor
ANDV
$4.33M 0.52%
50,322
+6,439
+15% +$553K
VMW
60
DELISTED
VMware, Inc
VMW
$4.29M 0.51%
82,083
+39,060
+91% +$1.93M
HD icon
61
Home Depot
HD
$349B
$4.26M 0.51%
31,904
+15,878
+99% +$1.98M
JBL icon
62
Jabil
JBL
$36.1B
$4.26M 0.51%
220,933
+75,115
+52% +$1.52M
WCG
63
DELISTED
Wellcare Health Plans, Inc.
WCG
$4.26M 0.51%
+45,900
New +$3.81M
TLN
64
DELISTED
Talen Energy Corporation
TLN
$4.24M 0.5%
+471,150
New +$3.33M
RHP icon
65
Ryman Hospitality Properties
RHP
$7.84B
$4.19M 0.5%
+81,380
New +$3.93M
UFPI icon
66
UFP Industries
UFPI
$5.19B
$4.19M 0.5%
146,328
+41,766
+40% +$995K
MSTR icon
67
Strategy Inc
MSTR
$37.2B
$4.11M 0.49%
228,470
+93,630
+69% +$1.52M
KEY icon
68
KeyCorp
KEY
$24.3B
$4.06M 0.48%
+367,410
New +$4.11M
CCL icon
69
Carnival Corporation Ltd
CCL
$39.4B
$4.04M 0.48%
+76,614
New +$3.71M
CORE
70
DELISTED
Core Mark Holding Co., Inc.
CORE
$4.02M 0.48%
+98,480
New +$3.78M
BIG
71
DELISTED
Big Lots, Inc.
BIG
$4M 0.48%
+88,310
New +$3.54M
DAL icon
72
Delta Air Lines
DAL
$60.5B
$3.98M 0.47%
81,648
-18,908
-19% -$883K
PFE icon
73
Pfizer
PFE
$149B
$3.98M 0.47%
141,336
+719
+0.5% +$20.5K
AET
74
DELISTED
Aetna Inc
AET
$3.97M 0.47%
35,367
-3,101
-8% -$332K
NVDA icon
75
NVIDIA
NVDA
$5.3T
$3.92M 0.47%
4,402,280
-1,161,320
-21% -$886K
1 2
3
4 5

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Convergence Investment Partners's Q1 2016 Portfolio in Review

As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.

  • Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
  • Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
  • Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
  • Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
  • Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
  • Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.

Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.