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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
+4.24%
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
$720M
AUM Growth
-$26.9M
Cap. Flow
-$44.5M
Cap. Flow %
-6.17%
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112

Top Buys

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$4.58M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.34M
3
MRK icon
Merck
MRK
+$4.27M
4
C icon
Citigroup
C
+$3.83M
5
STT icon
State Street
STT
+$3.81M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$7.97M
2
MS icon
Morgan Stanley
MS
+$6.89M
3
PSX icon
Phillips 66
PSX
+$5.71M
4
HPQ icon
HP
HPQ
+$5.4M
5
JPM icon
JPMorgan Chase
JPM
+$4.64M

Sector Composition

Rank Sector Weight
1 Technology 14.77%
2 Financials 14.29%
3 Healthcare 12.04%
4 Industrials 11.67%
5 Consumer Discretionary 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WBS icon
101
Webster Financial
WBS
$12.8B
$2.39M 0.33%
+64,464
New +$2.17M
WMT icon
102
Walmart Inc
WMT
$890B
$2.35M 0.33%
85,794
+3,840
+5% +$109K
LLY icon
103
Eli Lilly
LLY
$1.06T
$2.35M 0.33%
32,346
+2,339
+8% +$167K
TFM
104
DELISTED
THE FRESH MARKET, INC COM STK
TFM
$2.33M 0.32%
+57,466
New +$2.24M
TSCO icon
105
Tractor Supply
TSCO
$18.1B
$2.33M 0.32%
+137,165
New +$2.29M
JNS
106
DELISTED
Janus Capital Group Inc
JNS
$2.33M 0.32%
135,690
-78,299
-37% -$1.34M
MDU icon
107
MDU Resources
MDU
$4.3B
$2.33M 0.32%
+286,684
New +$2.43M
NOV icon
108
NOV
NOV
$7B
$2.31M 0.32%
+46,231
New +$2.51M
RGA icon
109
Reinsurance Group of America
RGA
$16.1B
$2.31M 0.32%
24,732
-9,217
-27% -$814K
CVC
110
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$2.3M 0.32%
125,752
+42,053
+50% +$806K
LMT icon
111
Lockheed Martin
LMT
$136B
$2.28M 0.32%
11,255
+872
+8% +$172K
SKX
112
DELISTED
Skechers
SKX
$2.27M 0.31%
94,581
-69,408
-42% -$1.49M
QLYS icon
113
Qualys
QLYS
$6.35B
$2.26M 0.31%
48,660
+24,500
+101% +$1.05M
LNC icon
114
Lincoln National
LNC
$8.81B
$2.26M 0.31%
+39,315
New +$2.2M
AEIS icon
115
Advanced Energy
AEIS
$13B
$2.2M 0.31%
85,850
– –
SPB icon
116
Spectrum Brands
SPB
$2.07B
$2.2M 0.31%
+24,603
New +$2.3M
RTX icon
117
RTX Corp
RTX
$301B
$2.2M 0.31%
29,806
+26,890
+922% +$2.01M
ELLI
118
DELISTED
Ellie Mae Inc
ELLI
$2.19M 0.3%
+39,647
New +$1.93M
TMUS icon
119
T-Mobile US
TMUS
$190B
$2.18M 0.3%
+68,707
New +$2.14M
DHR icon
120
Danaher
DHR
$144B
$2.16M 0.3%
37,926
-41,984
-53% -$2.41M
BBY icon
121
Best Buy
BBY
$17.3B
$2.13M 0.3%
+56,451
New +$2.16M
LYB icon
122
LyondellBasell Industries
LYB
$19.2B
$2.13M 0.3%
24,259
-14,997
-38% -$1.26M
SONC
123
DELISTED
Sonic Corp
SONC
$2.11M 0.29%
+66,635
New +$2.12M
QRVO icon
124
Qorvo
QRVO
$8.74B
$2.11M 0.29%
+26,424
New +$1.88M
UGI icon
125
UGI
UGI
$7.33B
$2.09M 0.29%
64,234
-5,572
-8% -$195K
3 4
5
6 7

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Convergence Investment Partners's Q1 2015 Portfolio in Review

As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.

  • Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
  • Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
  • Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
  • Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
  • Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
  • Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
  • Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.

Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.