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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
+1.19%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$727M
AUM Growth
-$114M
Cap. Flow
-$112M
Cap. Flow %
-15.44%
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114

Top Buys

Rank Stock Value
1
CYH icon
Community Health Systems
CYH
+$5.1M
2
DYN
Dynegy, Inc.
DYN
+$5.07M
3
ON icon
ON Semiconductor
ON
+$4.6M
4
ZION icon
Zions Bancorporation
ZION
+$4.4M
5
PDM
Piedmont Realty Trust
PDM
+$4.37M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$7.52M
2
COTY icon
Coty
COTY
+$5.41M
3
OGS icon
ONE Gas
OGS
+$5.34M
4
HON icon
Honeywell
HON
+$5.3M
5
MENT
Mentor Graphics Corp
MENT
+$5.25M

Sector Composition

Rank Sector Weight
1 Financials 15.69%
2 Technology 13.71%
3 Industrials 12.3%
4 Healthcare 11.84%
5 Consumer Staples 9.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XOM icon
76
ExxonMobil
XOM
$628B
$3.36M 0.46%
35,839
-580
-2% -$51.3K
AET
77
DELISTED
Aetna Inc
AET
$3.28M 0.45%
26,849
-8,518
-24% -$978K
MYGN icon
78
Myriad Genetics
MYGN
$309M
$3.28M 0.45%
107,127
+55,941
+109% +$1.94M
DO
79
DELISTED
Diamond Offshore Drilling
DO
$3.18M 0.44%
130,670
+98,458
+306% +$2.35M
CAH icon
80
Cardinal Health
CAH
$55.2B
$3.17M 0.44%
40,667
+36,570
+893% +$2.92M
COR icon
81
Cencora
COR
$61.4B
$3.17M 0.44%
39,925
-4,714
-11% -$378K
NVDA icon
82
NVIDIA
NVDA
$5.33T
$3.11M 0.43%
2,649,920
-1,752,360
-40% -$1.81M
IP icon
83
International Paper
IP
$22.6B
$2.99M 0.41%
74,612
-2,659
-3% -$106K
LMT icon
84
Lockheed Martin
LMT
$134B
$2.92M 0.4%
11,754
-204
-2% -$48.1K
ELV icon
85
Elevance Health
ELV
$84B
$2.91M 0.4%
22,173
-5,254
-19% -$719K
LPT
86
DELISTED
Liberty Property Trust
LPT
$2.86M 0.39%
71,954
+123
+0.2% +$4.47K
IQV icon
87
IQVIA
IQV
$38.6B
$2.83M 0.39%
+43,250
New +$2.9M
GNC
88
DELISTED
GNC Holdings, Inc.
GNC
$2.78M 0.38%
+114,460
New +$3.16M
FBC
89
DELISTED
Flagstar Bancorp, Inc. New
FBC
$2.76M 0.38%
113,224
+697
+0.6% +$16.1K
HUN icon
90
Huntsman Corp
HUN
$1.79B
$2.75M 0.38%
+204,146
New +$2.99M
UAL icon
91
United Airlines
UAL
$43.5B
$2.75M 0.38%
66,921
+7,193
+12% +$340K
WCG
92
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.73M 0.38%
25,480
-20,420
-44% -$2M
HST icon
93
Host Hotels & Resorts
HST
$17.2B
$2.72M 0.37%
167,849
-11,327
-6% -$178K
PAG icon
94
Penske Automotive Group
PAG
$14.3B
$2.69M 0.37%
+85,671
New +$3.13M
DAL icon
95
Delta Air Lines
DAL
$61.9B
$2.67M 0.37%
73,197
-8,451
-10% -$359K
WFC icon
96
Wells Fargo
WFC
$269B
$2.66M 0.37%
56,122
-1,275
-2% -$62.2K
DFT
97
DELISTED
DuPont Fabros Technology Inc.
DFT
$2.63M 0.36%
+55,248
New +$2.38M
MNK
98
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$2.6M 0.36%
42,787
+16,947
+66% +$1.04M
LEA icon
99
Lear
LEA
$6.2B
$2.59M 0.36%
25,417
-6,619
-21% -$744K
FITB
100
Fifth Third Bancorp
FITB
$52.4B
$2.58M 0.35%
146,446
+3,752
+3% +$67.3K
2 3
4
5 6

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Convergence Investment Partners's Q2 2016 Portfolio in Review

As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.

  • Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
  • Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
  • Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
  • Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
  • Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
  • Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.

Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.