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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
JP
976
DELISTED
Jupai Holdings Limited American depositary shares, each representing six ordinary shares
JP
– –
-58
Closed -$1K
ENIA
977
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
– –
-505
Closed -$6K
CERN
978
DELISTED
Cerner Corp
CERN
– –
-201
Closed -$12K
IRCP
979
DELISTED
IRSA Propiedades Comerciales S.A.
IRCP
– –
-262
Closed -$3K
DISCK
980
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
– –
-484
Closed -$9K
PBCT
981
DELISTED
People's United Financial Inc
PBCT
– –
-91
Closed -$2K
NUAN
982
DELISTED
Nuance Communications, Inc.
NUAN
– –
-450
Closed -$6K
INFO
983
DELISTED
IHS Markit Ltd. Common Shares
INFO
– –
-709
Closed -$34K
RRD
984
DELISTED
RR Donnelley & Sons Co.
RRD
– –
-255
Closed -$2K
XLNX
985
DELISTED
Xilinx Inc
XLNX
– –
-386
Closed -$28K
SC
986
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
– –
-1,177
Closed -$19K
RDS.A
987
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
– –
-242
Closed -$15K
RDS.B
988
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
– –
-201
Closed -$13K
KSU
989
DELISTED
Kansas City Southern
KSU
– –
-264
Closed -$29K
XEC
990
DELISTED
CIMAREX ENERGY CO
XEC
– –
-136
Closed -$13K
CORE
991
DELISTED
Core Mark Holding Co., Inc.
CORE
– –
-747
Closed -$16K
MXIM
992
DELISTED
Maxim Integrated Products
MXIM
– –
-125
Closed -$8K
ALXN
993
DELISTED
Alexion Pharmaceuticals
ALXN
– –
-575
Closed -$64K
MSGN
994
DELISTED
MSG Networks Inc.
MSGN
– –
-15,419
Closed -$348K
NAV
995
DELISTED
Navistar International
NAV
– –
-653
Closed -$23K
STAY
996
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
– –
-59,969
Closed -$1.19M
CTB
997
DELISTED
Cooper Tire & Rubber Co.
CTB
– –
-58
Closed -$2K
MIK
998
DELISTED
Michaels Stores, Inc
MIK
– –
-1,263
Closed -$25K
CXO
999
DELISTED
CONCHO RESOURCES INC.
CXO
– –
-146
Closed -$22K
HDS
1000
DELISTED
HD Supply Holdings, Inc.
HDS
– –
-258
Closed -$10K
38 39
40
41 42

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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.