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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
-20.74%
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
$229M
AUM Growth
-$123M
Cap. Flow
-$50.6M
Cap. Flow %
-22.12%
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$2.37M
2
GS icon
Goldman Sachs
GS
+$2.18M
3
MPC icon
Marathon Petroleum
MPC
+$1.66M
4
GM icon
General Motors
GM
+$1.46M
5
CFG icon
Citizens Financial Group
CFG
+$1.26M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.47M
2
PFE icon
Pfizer
PFE
+$2.04M
3
FITB
Fifth Third Bancorp
FITB
+$1.9M
4
NEE icon
NextEra Energy
NEE
+$1.86M
5
DFS
Discover Financial Services
DFS
+$1.82M

Sector Composition

Rank Sector Weight
1 Technology 18.8%
2 Healthcare 16.5%
3 Financials 14.66%
4 Communication Services 9.42%
5 Consumer Staples 9.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
51
Union Pacific
UNP
$174B
$1.29M 0.56%
9,126
-533
-6% -$88.1K
GM icon
52
General Motors
GM
$77.5B
$1.28M 0.56%
61,441
+47,861
+352% +$1.46M
AVGO icon
53
Broadcom
AVGO
$2.03T
$1.26M 0.55%
53,340
-3,330
-6% -$93.8K
MA icon
54
Mastercard
MA
$495B
$1.26M 0.55%
5,207
-1,715
-25% -$510K
RF icon
55
Regions Financial
RF
$26.7B
$1.21M 0.53%
134,422
-6,550
-5% -$91.8K
MRK icon
56
Merck
MRK
$322B
$1.19M 0.52%
16,231
+9,811
+153% +$771K
CFG icon
57
Citizens Financial Group
CFG
$30.6B
$1.17M 0.51%
61,928
+38,551
+165% +$1.26M
EA
58
DELISTED
Electronic Arts
EA
$1.16M 0.51%
+11,595
New +$1.22M
ADBE icon
59
Adobe
ADBE
$107B
$1.16M 0.51%
3,640
+2,662
+272% +$911K
XOM icon
60
ExxonMobil
XOM
$655B
$1.16M 0.51%
30,459
-7,229
-19% -$399K
OMC icon
61
Omnicom Group
OMC
$22.9B
$1.14M 0.5%
20,841
-901
-4% -$63.9K
CTXS
62
DELISTED
Citrix Systems Inc
CTXS
$1.11M 0.49%
7,835
-5,123
-40% -$611K
BMY icon
63
Bristol-Myers Squibb
BMY
$133B
$1.1M 0.48%
19,779
-10,257
-34% -$627K
DUK icon
64
Duke Energy
DUK
$95.2B
$1.1M 0.48%
13,552
-615
-4% -$56.5K
MCK icon
65
McKesson
MCK
$104B
$1.08M 0.47%
7,959
-2,981
-27% -$437K
CVS icon
66
CVS Health
CVS
$122B
$1.07M 0.47%
18,071
-229
-1% -$15.3K
CDNS icon
67
Cadence Design Systems
CDNS
$93.4B
$1.05M 0.46%
15,849
-5,941
-27% -$412K
GEN icon
68
Gen Digital
GEN
$17.6B
$1.04M 0.45%
+55,516
New +$1.2M
PM icon
69
Philip Morris
PM
$293B
$1.03M 0.45%
14,081
+11,181
+386% +$920K
GIS icon
70
General Mills
GIS
$19.8B
$1.02M 0.45%
19,333
-22,780
-54% -$1.2M
HUM icon
71
Humana
HUM
$46.8B
$1.01M 0.44%
3,205
+2,644
+471% +$892K
CMI icon
72
Cummins
CMI
$88.3B
$986K 0.43%
7,287
-6,445
-47% -$1M
FTNT icon
73
Fortinet
FTNT
$122B
$978K 0.43%
48,345
-23,240
-32% -$498K
STX icon
74
Seagate
STX
$184B
$976K 0.43%
+19,997
New +$1.07M
BIIB icon
75
Biogen
BIIB
$30.8B
$972K 0.43%
3,071
-1,943
-39% -$590K
1 2
3
4 5

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Convergence Investment Partners's Q1 2020 Portfolio in Review

As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.

  • Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
  • Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
  • Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
  • Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
  • Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
  • Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.

Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.