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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
+4.96%
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
$414M
AUM Growth
-$44.2M
Cap. Flow
-$55.4M
Cap. Flow %
-13.39%
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116

Top Buys

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$2.43M
2
INTU icon
Intuit
INTU
+$2.21M
3
CDNS icon
Cadence Design Systems
CDNS
+$2.05M
4
SBGI icon
Sinclair Inc
SBGI
+$2.01M
5
DK icon
Delek US
DK
+$1.96M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$3.95M
2
JPM icon
JPMorgan Chase
JPM
+$3.64M
3
DIS icon
Walt Disney
DIS
+$3.14M
4
PFE icon
Pfizer
PFE
+$2.63M
5
MSFT icon
Microsoft
MSFT
+$2.51M

Sector Composition

Rank Sector Weight
1 Technology 17.46%
2 Financials 16.39%
3 Healthcare 13.02%
4 Industrials 11%
5 Consumer Discretionary 8.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INTU icon
51
Intuit
INTU
$88.1B
$2.27M 0.55%
+8,700
New +$2.21M
EXC icon
52
Exelon
EXC
$46.7B
$2.27M 0.55%
66,306
-34,351
-34% -$1.21M
GRMN
53
Garmin
GRMN
$58.2B
$2.26M 0.55%
28,374
-6,101
-18% -$499K
VIAB
54
DELISTED
Viacom Inc. Class B
VIAB
$2.26M 0.55%
75,662
+18,201
+32% +$532K
PSX icon
55
Phillips 66
PSX
$82.4B
$2.25M 0.54%
24,063
-8,221
-25% -$738K
CDNS icon
56
Cadence Design Systems
CDNS
$93.2B
$2.17M 0.52%
+30,652
New +$2.05M
DK icon
57
Delek US
DK
$3.6B
$2.17M 0.52%
+53,434
New +$1.96M
CTXS
58
DELISTED
Citrix Systems Inc
CTXS
$2.13M 0.52%
21,723
-3,632
-14% -$356K
NUAN
59
DELISTED
Nuance Communications, Inc.
NUAN
$2.13M 0.51%
154,067
-28,077
-15% -$414K
GILD icon
60
Gilead Sciences
GILD
$162B
$2.13M 0.51%
31,508
+197
+0.6% +$13K
WKC icon
61
World Kinect Corp
WKC
$1.9B
$2.1M 0.51%
58,470
+38,178
+188% +$1.2M
FTNT icon
62
Fortinet
FTNT
$117B
$2.08M 0.5%
135,535
-6,430
-5% -$106K
RF icon
63
Regions Financial
RF
$26.8B
$2.08M 0.5%
139,109
+1,223
+0.9% +$18.1K
TGT icon
64
Target
TGT
$66.8B
$2.04M 0.49%
23,525
+160
+0.7% +$12.9K
AVGO icon
65
Broadcom
AVGO
$2T
$2.02M 0.49%
70,290
-11,020
-14% -$321K
MPT
66
Medical Properties Trust
MPT
$2.75B
$2.02M 0.49%
116,017
-5,491
-5% -$98.9K
VMW
67
DELISTED
VMware, Inc
VMW
$2.02M 0.49%
12,082
-846
-7% -$159K
TECD
68
DELISTED
Tech Data Corp
TECD
$2.01M 0.48%
19,179
+505
+3% +$51.3K
COP icon
69
ConocoPhillips
COP
$142B
$1.98M 0.48%
32,530
+2,303
+8% +$143K
TMO icon
70
Thermo Fisher Scientific
TMO
$214B
$1.98M 0.48%
6,735
+5,820
+636% +$1.6M
MCK icon
71
McKesson
MCK
$102B
$1.9M 0.46%
14,147
+12,172
+616% +$1.52M
COF icon
72
Capital One
COF
$135B
$1.9M 0.46%
20,891
-5,832
-22% -$522K
BKH icon
73
Black Hills Corp
BKH
$5.54B
$1.9M 0.46%
24,238
-3,304
-12% -$249K
AMCX icon
74
AMC Global Media
AMCX
$490M
$1.89M 0.46%
34,623
+20,016
+137% +$1.13M
KMB icon
75
Kimberly-Clark
KMB
$36.1B
$1.89M 0.46%
14,155
+21
+0.1% +$2.71K
1 2
3
4 5

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Convergence Investment Partners's Q2 2019 Portfolio in Review

As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.

  • Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
  • Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
  • Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
  • Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
  • Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
  • Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.

Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.