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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
+3.92%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BFH icon
51
Bread Financial
BFH
$4.37B
$3.56M 0.52%
+17,382
New +$3.45M
AAN.A
52
DELISTED
The Aaron's Company Inc Class A
AAN.A
$3.54M 0.52%
91,096
+31,473
+53% +$1.22M
RLJ icon
53
RLJ Lodging Trust
RLJ
$1.86B
$3.52M 0.52%
177,248
-15,823
-8% -$339K
EXC icon
54
Exelon
EXC
$47.2B
$3.52M 0.51%
136,609
-7,339
-5% -$187K
CVG
55
DELISTED
Convergys
CVG
$3.4M 0.5%
142,912
-74,033
-34% -$1.72M
ETFC
56
DELISTED
E*Trade Financial Corporation
ETFC
$3.38M 0.5%
89,018
+538
+0.6% +$19K
TXNM
57
TXNM Energy Inc
TXNM
$6.41B
$3.37M 0.49%
+88,218
New +$3.36M
HST icon
58
Host Hotels & Resorts
HST
$17.2B
$3.28M 0.48%
179,295
+5,282
+3% +$96.9K
MS icon
59
Morgan Stanley
MS
$331B
$3.24M 0.47%
72,728
-78,531
-52% -$3.39M
CPA icon
60
Copa Holdings
CPA
$5.76B
$3.22M 0.47%
27,547
-3,472
-11% -$400K
DAN icon
61
Dana Inc
DAN
$2.9B
$3.2M 0.47%
143,243
-28,875
-17% -$586K
H icon
62
Hyatt Hotels
H
$16.4B
$3.18M 0.46%
56,540
+8,255
+17% +$467K
LEXEA
63
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
$3.17M 0.46%
+58,679
New +$2.96M
PENN icon
64
PENN Entertainment
PENN
$2.75B
$3.12M 0.46%
145,603
+54,323
+60% +$1.07M
HON icon
65
Honeywell
HON
$77B
$3.12M 0.46%
+25,874
New +$3.05M
AMZN icon
66
Amazon
AMZN
$2.92T
$3.08M 0.45%
63,660
+22,480
+55% +$1.07M
GLW icon
67
Corning
GLW
$119B
$3.04M 0.45%
101,315
+17,670
+21% +$508K
FTNT icon
68
Fortinet
FTNT
$119B
$3.01M 0.44%
+401,450
New +$3.11M
DRH icon
69
Diamondrock Hospitality Co
DRH
$2.71B
$2.92M 0.43%
266,818
– –
MANH icon
70
Manhattan Associates
MANH
$11.2B
$2.89M 0.42%
+60,076
New +$2.85M
MTZ icon
71
MasTec
MTZ
$21.1B
$2.88M 0.42%
63,876
-8,990
-12% -$389K
TRTN
72
DELISTED
Triton International Limited
TRTN
$2.87M 0.42%
+85,790
New +$2.53M
MDC
73
DELISTED
M.D.C. Holdings, Inc.
MDC
$2.83M 0.41%
+101,041
New +$2.65M
TMUS icon
74
T-Mobile US
TMUS
$185B
$2.83M 0.41%
46,689
+29,727
+175% +$1.94M
ESNT icon
75
Essent Group
ESNT
$6.08B
$2.82M 0.41%
75,851
-36,043
-32% -$1.32M
1 2
3
4 5

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.