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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
MBT
1076
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
– –
-87
Closed -$1K
WBK
1077
DELISTED
Westpac Banking Corporation
WBK
– –
-612
Closed -$14K
BBL
1078
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
– –
-381
Closed -$15K
UFS
1079
DELISTED
DOMTAR CORPORATION (New)
UFS
– –
-625
Closed -$27K
VEDL
1080
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
– –
-297
Closed -$5K
CEO
1081
DELISTED
CNOOC Limited
CEO
– –
-49
Closed -$7K
CHL
1082
DELISTED
China Mobile Limited
CHL
– –
-324
Closed -$15K
CHU
1083
DELISTED
China Unicom (HONG KONG) Limited
CHU
– –
-372
Closed -$5K
UN
1084
DELISTED
Unilever NV New York Registry Shares
UN
– –
-602
Closed -$34K
CY
1085
DELISTED
Cypress Semiconductor
CY
– –
-288
Closed -$5K
CELG
1086
DELISTED
Celgene Corp
CELG
– –
-51,008
Closed -$4.55M
TSS
1087
DELISTED
Total System Services, Inc.
TSS
– –
-365
Closed -$31K
TI
1088
DELISTED
Telecom Italia
TI
– –
-103
Closed -$1K
GG
1089
DELISTED
Goldcorp Inc
GG
– –
-339
Closed -$5K
SHPG
1090
DELISTED
Shire pic
SHPG
– –
-50
Closed -$7K
RENX
1091
DELISTED
RELX N.V.
RENX
– –
-401
Closed -$8K
SGY
1092
DELISTED
Stone Energy
SGY
– –
-26,023
Closed -$965K
DCM
1093
DELISTED
NTT DOCOMO, Inc.
DCM
– –
-406
Closed -$10K
HAWK
1094
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
– –
-1
Closed –
GOLD
1095
DELISTED
Randgold Resources Ltd
GOLD
– –
-9
Closed -$1K
RHT
1096
DELISTED
Red Hat Inc
RHT
– –
-49
Closed -$7K
CIT
1097
DELISTED
CIT Group Inc.
CIT
– –
-39,028
Closed -$2.01M
FDC
1098
DELISTED
First Data Corporation
FDC
– –
-1,400
Closed -$22K
40 41 42 43
44

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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.