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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
+3.92%
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
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMAT icon
76
Applied Materials
AMAT
$403B
$2.81M 0.41%
68,014
-5,022
-7% -$213K
ODP
77
DELISTED
ODP
ODP
$2.81M 0.41%
49,756
+23,793
+92% +$1.22M
INTC icon
78
Intel
INTC
$455B
$2.78M 0.41%
82,436
-84,910
-51% -$3.04M
XOM icon
79
ExxonMobil
XOM
$644B
$2.78M 0.41%
34,450
+1,967
+6% +$161K
HD icon
80
Home Depot
HD
$331B
$2.76M 0.4%
17,968
-5,580
-24% -$856K
MLI icon
81
Mueller Industries
MLI
$14.7B
$2.73M 0.4%
358,612
+178,672
+99% +$1.38M
COR icon
82
Cencora
COR
$60.6B
$2.73M 0.4%
28,852
-2,838
-9% -$253K
ADM icon
83
Archer Daniels Midland
ADM
$38.2B
$2.71M 0.4%
65,568
+37,758
+136% +$1.62M
OHI icon
84
Omega Healthcare
OHI
$15.1B
$2.71M 0.4%
82,158
+37,288
+83% +$1.23M
GE icon
85
GE Aerospace
GE
$374B
$2.71M 0.4%
20,944
+930
+5% +$127K
ESRX
86
DELISTED
Express Scripts Holding Company
ESRX
$2.71M 0.4%
42,441
+5,218
+14% +$328K
JBL icon
87
Jabil
JBL
$33B
$2.68M 0.39%
91,767
-67,147
-42% -$1.97M
MOG.A icon
88
Moog Inc Class A
MOG.A
$12.4B
$2.67M 0.39%
37,281
+6,487
+21% +$449K
DISH
89
DELISTED
DISH Network Corp.
DISH
$2.66M 0.39%
+42,385
New +$2.67M
ENR icon
90
Energizer
ENR
$1.44B
$2.61M 0.38%
+54,411
New +$2.96M
MPC icon
91
Marathon Petroleum
MPC
$92.4B
$2.61M 0.38%
49,897
-8,885
-15% -$459K
RGC
92
DELISTED
Regal Entertainment Group
RGC
$2.6M 0.38%
127,234
+29,855
+31% +$633K
WFC icon
93
Wells Fargo
WFC
$261B
$2.6M 0.38%
46,904
+2,135
+5% +$114K
MCK icon
94
McKesson
MCK
$100B
$2.56M 0.37%
15,564
-2,976
-16% -$451K
PBF icon
95
PBF Energy
PBF
$8.57B
$2.53M 0.37%
113,665
-14,498
-11% -$311K
LRCX icon
96
Lam Research
LRCX
$367B
$2.53M 0.37%
+178,810
New +$2.62M
UNH icon
97
UnitedHealth
UNH
$376B
$2.49M 0.36%
13,436
-2,572
-16% -$451K
CSCO icon
98
Cisco
CSCO
$457B
$2.49M 0.36%
79,546
+3,172
+4% +$103K
WCG
99
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.49M 0.36%
13,863
-3,503
-20% -$580K
IBM icon
100
IBM
IBM
$211B
$2.49M 0.36%
16,914
+527
+3% +$79.5K
2 3
4
5 6

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.