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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
+2.92%
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
$359M
AUM Growth
-$54.9M
Cap. Flow
-$60.4M
Cap. Flow %
-16.81%
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88

Top Buys

Rank Stock Value
1
SO icon
Southern Company
SO
+$2.55M
2
IPG
Interpublic Group of Companies
IPG
+$2.43M
3
DUK icon
Duke Energy
DUK
+$2.37M
4
T icon
AT&T
T
+$2.36M
5
MDT icon
Medtronic
MDT
+$2.1M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$4.68M
2
VZ icon
Verizon
VZ
+$3.21M
3
CMCSA icon
Comcast
CMCSA
+$3.15M
4
AVB icon
AvalonBay Communities
AVB
+$2.59M
5
UNP icon
Union Pacific
UNP
+$2.52M

Sector Composition

Rank Sector Weight
1 Technology 16.97%
2 Financials 16.77%
3 Healthcare 12.46%
4 Industrials 10.79%
5 Consumer Staples 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DHR icon
76
Danaher
DHR
$144B
$1.47M 0.41%
11,462
-3,216
-22% -$403K
PEP icon
77
PepsiCo
PEP
$190B
$1.46M 0.41%
10,670
+6,817
+177% +$906K
LRCX icon
78
Lam Research
LRCX
$390B
$1.46M 0.41%
63,140
-33,300
-35% -$699K
ITW icon
79
Illinois Tool Works
ITW
$84.5B
$1.44M 0.4%
9,182
+3,114
+51% +$473K
DINO icon
80
HF Sinclair
DINO
$14.5B
$1.42M 0.4%
+26,519
New +$1.29M
MCK icon
81
McKesson
MCK
$101B
$1.42M 0.4%
10,389
-3,758
-27% -$533K
VIAB
82
DELISTED
Viacom Inc. Class B
VIAB
$1.41M 0.39%
58,790
-16,872
-22% -$471K
SWX icon
83
Southwest Gas
SWX
$6.67B
$1.4M 0.39%
15,416
-1,878
-11% -$169K
TSN icon
84
Tyson Foods
TSN
$20.4B
$1.39M 0.39%
16,171
-5,167
-24% -$439K
EBAY icon
85
eBay
EBAY
$49.8B
$1.39M 0.39%
35,689
-2,483
-7% -$99.6K
BKNG icon
86
Booking.com
BKNG
$161B
$1.38M 0.39%
17,625
+14,950
+559% +$1.16M
PPC icon
87
Pilgrim's Pride
PPC
$6.54B
$1.38M 0.39%
+43,121
New +$1.25M
HSY icon
88
Hershey
HSY
$36.6B
$1.36M 0.38%
8,802
-4,374
-33% -$661K
DK icon
89
Delek US
DK
$3.58B
$1.36M 0.38%
37,512
-15,922
-30% -$586K
ABG icon
90
Asbury Automotive
ABG
$3.85B
$1.33M 0.37%
13,013
+10,859
+504% +$1M
COF icon
91
Capital One
COF
$134B
$1.33M 0.37%
14,619
-6,272
-30% -$564K
TER icon
92
Teradyne
TER
$59.3B
$1.32M 0.37%
22,834
-13,887
-38% -$735K
COKE icon
93
Coca-Cola Consolidated
COKE
$12.8B
$1.32M 0.37%
43,340
-10,200
-19% -$319K
WKC icon
94
World Kinect Corp
WKC
$1.86B
$1.31M 0.37%
32,867
-25,603
-44% -$974K
BLDR icon
95
Builders FirstSource
BLDR
$8.04B
$1.3M 0.36%
63,432
-8,781
-12% -$164K
CCI icon
96
Crown Castle
CCI
$32.2B
$1.29M 0.36%
9,311
-12
-0.1% -$1.66K
NKE icon
97
Nike
NKE
$61.9B
$1.29M 0.36%
13,697
-1,216
-8% -$104K
BG icon
98
Bunge Global
BG
$20.8B
$1.28M 0.36%
+22,537
New +$1.26M
CL icon
99
Colgate-Palmolive
CL
$74.4B
$1.27M 0.35%
17,331
-4,803
-22% -$348K
NOC icon
100
Northrop Grumman
NOC
$81.2B
$1.27M 0.35%
+3,399
New +$1.2M
2 3
4
5 6

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Convergence Investment Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.

  • Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
  • Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
  • Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
  • Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
  • Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
  • Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.

Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.