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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
+6.3%
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
$716M
AUM Growth
-$51.2M
Cap. Flow
-$79M
Cap. Flow %
-11.03%
Top 10 Hldgs %
14.13%
Holding
1,098
New
59
Increased
131
Reduced
112
Closed
794

Top Buys

Rank Stock Value
1
SYNT
Syntel Inc
SYNT
+$5.46M
2
THC icon
Tenet Healthcare
THC
+$4.51M
3
CA
CA, Inc.
CA
+$4.33M
4
INTC icon
Intel
INTC
+$4.14M
5
VST icon
Vistra
VST
+$4.05M

Top Sells

Rank Stock Value
1
YELP icon
Yelp
YELP
+$6.14M
2
TVPT
Travelport Worldwide Limited
TVPT
+$4.98M
3
NFG icon
National Fuel Gas
NFG
+$4.85M
4
VRNT
Verint Systems
VRNT
+$4.74M
5
PCH
PotlatchDeltic
PCH
+$4.63M

Sector Composition

Rank Sector Weight
1 Technology 16.62%
2 Financials 16.09%
3 Healthcare 13.49%
4 Industrials 11.41%
5 Consumer Discretionary 10.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PXD
951
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-200
Closed -$34K
AEL
952
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-56,815
Closed -$1.67M
CBD
953
DELISTED
Companhia Brasileira de Distribuicao
CBD
– –
-7
Closed –
EXPR
954
DELISTED
Express, Inc.
EXPR
– –
-109
Closed -$16K
CHS
955
DELISTED
Chicos FAS, Inc.
CHS
– –
-215
Closed -$2K
VRTV
956
DELISTED
VERITIV CORPORATION
VRTV
– –
-834
Closed -$33K
UNVR
957
DELISTED
Univar Solutions Inc.
UNVR
– –
-1,123
Closed -$31K
CS
958
DELISTED
Credit Suisse Group
CS
– –
-833
Closed -$14K
ACOR
959
DELISTED
Acorda Therapeutics
ACOR
– –
-425
Closed -$1.21M
ABB
960
DELISTED
ABB Ltd
ABB
– –
-2,091
Closed -$50K
BSMX
961
DELISTED
Banco Santander México, S, A., Institución de Banca Múltiple, Grupo Financiero Santander México
BSMX
– –
-133
Closed -$1K
BBBY
962
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-409
Closed -$9K
SJR
963
DELISTED
Shaw Communications Inc.
SJR
– –
-114
Closed -$2K
CAJ
964
DELISTED
Canon, Inc.
CAJ
– –
-617
Closed -$22K
LCI
965
DELISTED
Lannett Company, Inc.
LCI
– –
-8,214
Closed -$527K
TEN
966
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-375
Closed -$21K
TWTR
967
DELISTED
Twitter, Inc.
TWTR
– –
-135
Closed -$4K
DRE
968
DELISTED
Duke Realty Corp.
DRE
– –
-284
Closed -$8K
HLG
969
DELISTED
Hailiang Education Group Inc. American Depositary Shares
HLG
– –
-118
Closed -$9K
MANT
970
DELISTED
Mantech International Corp
MANT
– –
-31,678
Closed -$1.76M
SNP
971
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
– –
-44
Closed -$4K
LFC
972
DELISTED
China Life Insurance Company Ltd.
LFC
– –
-56
Closed -$1K
SAFM
973
DELISTED
Sanderson Farms Inc
SAFM
– –
-30
Closed -$4K
HNP
974
DELISTED
Huaneng Power Intl, Inc.
HNP
– –
-47
Closed -$1K
CDK
975
DELISTED
CDK Global, Inc.
CDK
– –
-46
Closed -$3K
37 38
39
40 41

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Convergence Investment Partners's Q2 2018 Portfolio in Review

As of Q2 2018, Convergence Investment Partners held 1,098 positions worth $716M, down 6.7% from $768M the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Convergence Investment Partners withdrew a net $79M in Q2 2018, closing 794 positions and reducing 112 holdings. Its most notable exit was Yelp, an estimated $6.14M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Syntel Inc worth $5.86M.

  • Convergence Investment Partners's largest Q2 2018 buy was Syntel Inc: 182,703 shares worth $5.86M.
  • Convergence Investment Partners added most to Tenet Healthcare in Q2 2018, an estimated $4.51M increase.
  • Convergence Investment Partners's biggest Q2 2018 reduction was Bread Financial, cutting an estimated $3.96M.
  • Convergence Investment Partners fully exited Yelp in Q2 2018, selling an estimated $6.14M.
  • Convergence Investment Partners's ten largest holdings make up 14% of its $716M portfolio in Q2 2018.
  • Convergence Investment Partners opened 59 new positions and closed 794 in Q2 2018.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $716M.

Based on Convergence Investment Partners's 13F filing for Q2 2018, filed 7 Aug 2018.