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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
VER
1001
DELISTED
VEREIT, Inc.
VER
– –
-201
Closed -$7K
YIN
1002
DELISTED
Yintech Investment Holdings Limited American Depositary Shares
YIN
– –
-400
Closed -$4K
CBL
1003
DELISTED
CBL& Associates Properties, Inc.
CBL
– –
-2,689
Closed -$11K
HTZ
1004
DELISTED
Hertz Global Holdings, Inc.
HTZ
– –
-1,303
Closed -$22K
AMTD
1005
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-36
Closed -$2K
NBL
1006
DELISTED
Noble Energy, Inc.
NBL
– –
-811
Closed -$25K
ETFC
1007
DELISTED
E*Trade Financial Corporation
ETFC
– –
-578
Closed -$32K
DLPH
1008
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
– –
-2
Closed –
WUBA
1009
DELISTED
58.com Inc
WUBA
– –
-19
Closed -$2K
NE
1010
DELISTED
Noble Corporation
NE
– –
-2,460
Closed -$9K
CHK
1011
DELISTED
Chesapeake Energy Corporation
CHK
– –
-13
Closed -$8K
LTM
1012
DELISTED
LATAM Airlines Group S.A American Depositary Shares (Each representing 1 Common Share)
LTM
– –
-304
Closed -$5K
WBC
1013
DELISTED
WABCO HOLDINGS INC.
WBC
– –
-98
Closed -$13K
UNT
1014
DELISTED
UNIT Corporation
UNT
– –
-50,938
Closed -$1.01M
ARCH
1015
DELISTED
Arch Resources, Inc.
ARCH
– –
-36,366
Closed -$3.34M
RTN
1016
DELISTED
Raytheon Company
RTN
– –
-588
Closed -$127K
S
1017
DELISTED
Sprint Corporation
S
– –
-6,769
Closed -$33K
AKS
1018
DELISTED
AK Steel Holding Corp
AKS
– –
-2,445
Closed -$11K
DPLO
1019
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
– –
-550
Closed -$11K
CBPX
1020
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
– –
-50,076
Closed -$1.43M
CPL
1021
DELISTED
CPFL Energia S.A.
CPL
– –
-463
Closed -$7K
WCG
1022
DELISTED
Wellcare Health Plans, Inc.
WCG
– –
-137
Closed -$27K
AVP
1023
DELISTED
Avon Products, Inc.
AVP
– –
-598
Closed -$2K
ASNA
1024
DELISTED
Ascena Retail Group, Inc.
ASNA
– –
-235
Closed -$9K
ISCA
1025
DELISTED
International Speedway Corp
ISCA
– –
-21,214
Closed -$936K
39 40
41
42 43

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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.