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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
+4.24%
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
$720M
AUM Growth
-$26.9M
Cap. Flow
-$44.5M
Cap. Flow %
-6.17%
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112

Top Buys

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$4.58M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.34M
3
MRK icon
Merck
MRK
+$4.27M
4
C icon
Citigroup
C
+$3.83M
5
STT icon
State Street
STT
+$3.81M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$7.97M
2
MS icon
Morgan Stanley
MS
+$6.89M
3
PSX icon
Phillips 66
PSX
+$5.71M
4
HPQ icon
HP
HPQ
+$5.4M
5
JPM icon
JPMorgan Chase
JPM
+$4.64M

Sector Composition

Rank Sector Weight
1 Technology 14.77%
2 Financials 14.29%
3 Healthcare 12.04%
4 Industrials 11.67%
5 Consumer Discretionary 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CYT
76
DELISTED
CYTEC INDS INC
CYT
$2.96M 0.41%
+54,765
New +$2.73M
IBOC icon
77
International Bancshares
IBOC
$4.57B
$2.95M 0.41%
113,298
+36,082
+47% +$887K
HST icon
78
Host Hotels & Resorts
HST
$16B
$2.89M 0.4%
143,273
+61,065
+74% +$1.36M
ORA icon
79
Ormat Technologies
ORA
$6.65B
$2.86M 0.4%
75,216
+49,950
+198% +$1.57M
WBA
80
DELISTED
Walgreens Boots Alliance
WBA
$2.85M 0.4%
+33,645
New +$2.68M
AMBA icon
81
Ambarella
AMBA
$3.81B
$2.84M 0.39%
+37,530
New +$2.28M
CMA
82
DELISTED
Comerica
CMA
$2.84M 0.39%
+62,901
New +$2.81M
WU icon
83
Western Union
WU
$2.21B
$2.78M 0.39%
133,782
+74,596
+126% +$1.39M
HON icon
84
Honeywell
HON
$78B
$2.78M 0.39%
+29,693
New +$2.72M
HME
85
DELISTED
HOME PROPERTIES, INC
HME
$2.76M 0.38%
39,876
-51,622
-56% -$3.57M
CAR icon
86
Avis
CAR
$5.02B
$2.75M 0.38%
46,551
+4,331
+10% +$264K
LRCX icon
87
Lam Research
LRCX
$390B
$2.71M 0.38%
385,590
+143,230
+59% +$1.13M
CBRL icon
88
Cracker Barrel
CBRL
$1.29B
$2.68M 0.37%
17,637
+9,818
+126% +$1.39M
DFS
89
DELISTED
Discover Financial Services
DFS
$2.65M 0.37%
47,035
-18,581
-28% -$1.1M
SIR
90
DELISTED
SELECT INCOME REIT
SIR
$2.64M 0.37%
240,317
-43,175
-15% -$476K
CLX icon
91
Clorox
CLX
$12.7B
$2.61M 0.36%
23,617
+15,400
+187% +$1.67M
FCN icon
92
FTI Consulting
FCN
$4.18B
$2.58M 0.36%
68,949
+35,339
+105% +$1.34M
UAL icon
93
United Airlines
UAL
$42.1B
$2.57M 0.36%
+38,274
New +$2.59M
CAH icon
94
Cardinal Health
CAH
$55.4B
$2.56M 0.36%
+28,402
New +$2.45M
JBLU icon
95
JetBlue
JBLU
$2.29B
$2.54M 0.35%
131,803
-110,625
-46% -$1.88M
FHN icon
96
First Horizon
FHN
$12.1B
$2.52M 0.35%
176,721
-163,273
-48% -$2.25M
SWKS icon
97
Skyworks Solutions
SWKS
$10.6B
$2.52M 0.35%
25,592
-9,007
-26% -$769K
LUV icon
98
Southwest Airlines
LUV
$23B
$2.47M 0.34%
55,673
-2,631
-5% -$115K
RAX
99
DELISTED
Rackspace Hosting Inc
RAX
$2.46M 0.34%
+47,728
New +$2.34M
KIM icon
100
Kimco Realty
KIM
$16.4B
$2.44M 0.34%
91,045
-21,948
-19% -$589K
2 3
4
5 6

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Convergence Investment Partners's Q1 2015 Portfolio in Review

As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.

  • Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
  • Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
  • Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
  • Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
  • Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
  • Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
  • Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.

Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.