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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
+9.54%
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
$287M
AUM Growth
-$3.42M
Cap. Flow
-$16.8M
Cap. Flow %
-5.84%
Top 10 Hldgs %
17.3%
Holding
280
New
70
Increased
46
Reduced
113
Closed
51

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$2.29M
2
TXN icon
Texas Instruments
TXN
+$2.17M
3
BNY
Bank of New York Mellon
BNY
+$1.96M
4
MAA icon
Mid-America Apartment Communities
MAA
+$1.61M
5
FITB
Fifth Third Bancorp
FITB
+$1.53M

Top Sells

Rank Stock Value
1
COR icon
Cencora
COR
+$2.77M
2
GS icon
Goldman Sachs
GS
+$1.9M
3
QCOM icon
Qualcomm
QCOM
+$1.68M
4
AAPL icon
Apple
AAPL
+$1.59M
5
NVDA icon
NVIDIA
NVDA
+$1.58M

Sector Composition

Rank Sector Weight
1 Technology 20.41%
2 Healthcare 14.87%
3 Financials 14.21%
4 Consumer Discretionary 11.47%
5 Industrials 9.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FITB
51
Fifth Third Bancorp
FITB
$51.8B
$1.62M 0.56%
+75,982
New +$1.53M
IP icon
52
International Paper
IP
$22B
$1.61M 0.56%
42,020
-8,663
-17% -$306K
VLO icon
53
Valero Energy
VLO
$85.9B
$1.59M 0.55%
36,648
-16,602
-31% -$870K
CAT icon
54
Caterpillar
CAT
$387B
$1.58M 0.55%
10,566
-6,969
-40% -$979K
ATVI
55
DELISTED
Activision Blizzard
ATVI
$1.53M 0.53%
18,937
+1,609
+9% +$131K
MRK icon
56
Merck
MRK
$318B
$1.47M 0.51%
18,552
+12,273
+195% +$961K
AES icon
57
AES
AES
$10.5B
$1.46M 0.51%
80,810
-69,371
-46% -$1.16M
APPS icon
58
Digital Turbine
APPS
$1.74B
$1.46M 0.51%
+44,656
New +$962K
TTWO icon
59
Take-Two Interactive
TTWO
$46.1B
$1.44M 0.5%
+8,717
New +$1.42M
PFG icon
60
Principal Financial Group
PFG
$24.3B
$1.43M 0.5%
35,474
+18,942
+115% +$807K
CMI icon
61
Cummins
CMI
$88.7B
$1.43M 0.5%
6,757
-600
-8% -$120K
CDNS icon
62
Cadence Design Systems
CDNS
$93.4B
$1.41M 0.49%
13,200
-1,793
-12% -$189K
EA
63
DELISTED
Electronic Arts
EA
$1.4M 0.49%
10,743
-3,050
-22% -$416K
IRM icon
64
Iron Mountain
IRM
$36.1B
$1.38M 0.48%
51,447
+5,513
+12% +$157K
ZM icon
65
Zoom
ZM
$30.6B
$1.37M 0.48%
+2,908
New +$930K
ITW icon
66
Illinois Tool Works
ITW
$84.5B
$1.37M 0.48%
7,071
-5,411
-43% -$1.03M
QDEL icon
67
QuidelOrtho
QDEL
$838M
$1.34M 0.47%
+6,129
New +$1.37M
TSN icon
68
Tyson Foods
TSN
$20.4B
$1.34M 0.47%
22,517
+12,767
+131% +$787K
SPSC icon
69
SPS Commerce
SPSC
$2.64B
$1.33M 0.46%
17,075
-1,588
-9% -$121K
STLD icon
70
Steel Dynamics
STLD
$37.6B
$1.32M 0.46%
45,985
+33,101
+257% +$950K
LYB icon
71
LyondellBasell Industries
LYB
$19.2B
$1.31M 0.46%
18,604
+1,525
+9% +$105K
TDC icon
72
Teradata
TDC
$2.55B
$1.31M 0.46%
+57,691
New +$1.28M
FTNT icon
73
Fortinet
FTNT
$117B
$1.3M 0.45%
55,275
+4,075
+8% +$105K
CTXS
74
DELISTED
Citrix Systems Inc
CTXS
$1.3M 0.45%
9,428
-254
-3% -$36.3K
XOM icon
75
ExxonMobil
XOM
$634B
$1.29M 0.45%
37,458
+255
+0.7% +$10.4K
1 2
3
4 5

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Convergence Investment Partners's Q3 2020 Portfolio in Review

As of Q3 2020, Convergence Investment Partners held 280 positions worth $287M, down 1.2% from $291M the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Convergence Investment Partners withdrew a net $16.8M in Q3 2020, closing 51 positions and reducing 113 holdings. Its most notable exit was Goldman Sachs, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in Bank of New York Mellon worth $1.85M.

  • Convergence Investment Partners's largest Q3 2020 buy was Bank of New York Mellon: 53,779 shares worth $1.85M.
  • Convergence Investment Partners added most to Pfizer in Q3 2020, an estimated $2.29M increase.
  • Convergence Investment Partners's biggest Q3 2020 reduction was Cencora, cutting an estimated $2.77M.
  • Convergence Investment Partners fully exited Goldman Sachs in Q3 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 17% of its $287M portfolio in Q3 2020.
  • Convergence Investment Partners opened 70 new positions and closed 51 in Q3 2020.
  • Convergence Investment Partners's portfolio value fell 1.2% quarter-over-quarter to $287M.

Based on Convergence Investment Partners's 13F filing for Q3 2020, filed 28 Oct 2020.