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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
+2.2%
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
$840M
AUM Growth
-$50.9M
Cap. Flow
-$65M
Cap. Flow %
-7.73%
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112

Top Buys

Rank Stock Value
1
MENT
Mentor Graphics Corp
MENT
+$6.15M
2
VZ icon
Verizon
VZ
+$6.08M
3
LDOS icon
Leidos
LDOS
+$5.76M
4
WBD icon
Warner Bros
WBD
+$5.02M
5
AXP icon
American Express
AXP
+$4.99M

Top Sells

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$9.73M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$9.71M
3
CMCSA icon
Comcast
CMCSA
+$7.57M
4
IBM icon
IBM
IBM
+$7.27M
5
CYH icon
Community Health Systems
CYH
+$5.87M

Sector Composition

Rank Sector Weight
1 Financials 15.13%
2 Technology 14.49%
3 Industrials 11.97%
4 Healthcare 11.15%
5 Consumer Staples 8.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HST icon
101
Host Hotels & Resorts
HST
$16.1B
$2.99M 0.36%
179,176
+118,057
+193% +$1.78M
NYT icon
102
New York Times
NYT
$10.5B
$2.96M 0.35%
+237,742
New +$3.01M
MRK icon
103
Merck
MRK
$314B
$2.92M 0.35%
57,732
+15,202
+36% +$745K
MORN icon
104
Morningstar
MORN
$7.51B
$2.9M 0.35%
32,912
+17,652
+116% +$1.41M
INVX
105
Innovex International
INVX
$1.98B
$2.87M 0.34%
+47,445
New +$2.64M
WFC icon
106
Wells Fargo
WFC
$262B
$2.78M 0.33%
57,397
+629
+1% +$30.8K
JNJ icon
107
Johnson & Johnson
JNJ
$621B
$2.75M 0.33%
25,395
-47,421
-65% -$4.91M
UTHR icon
108
United Therapeutics
UTHR
$22.6B
$2.73M 0.32%
24,459
+3,334
+16% +$422K
MOH icon
109
Molina Healthcare
MOH
$10.2B
$2.72M 0.32%
42,224
-8,658
-17% -$514K
SIVB
110
DELISTED
SVB Financial Group
SIVB
$2.7M 0.32%
+26,430
New +$2.56M
WOLF icon
111
Wolfspeed
WOLF
$1.58B
$2.69M 0.32%
+92,434
New +$2.65M
FAF icon
112
First American
FAF
$7.68B
$2.68M 0.32%
70,431
-59,708
-46% -$2.13M
LMT icon
113
Lockheed Martin
LMT
$134B
$2.65M 0.32%
11,958
+334
+3% +$71.9K
FLR icon
114
Fluor
FLR
$7.81B
$2.63M 0.31%
49,018
+5,923
+14% +$278K
UNM icon
115
Unum
UNM
$14.1B
$2.63M 0.31%
+84,920
New +$2.49M
CSCO icon
116
Cisco
CSCO
$471B
$2.57M 0.31%
90,205
-417
-0.5% -$10.7K
OC icon
117
Owens Corning
OC
$12.2B
$2.53M 0.3%
53,424
+7,792
+17% +$346K
INN
118
Summit Hotel Properties
INN
$703M
$2.48M 0.3%
207,366
+99,032
+91% +$1.05M
BANC icon
119
Banc of California
BANC
$2.99B
$2.46M 0.29%
140,664
+69,166
+97% +$1.04M
CXW icon
120
CoreCivic
CXW
$3.2B
$2.45M 0.29%
76,330
-138,414
-64% -$4.04M
SCS
121
DELISTED
Steelcase
SCS
$2.42M 0.29%
+161,970
New +$2.15M
FBC
122
DELISTED
Flagstar Bancorp, Inc. New
FBC
$2.42M 0.29%
112,527
-6,147
-5% -$123K
RS icon
123
Reliance Steel & Aluminium
RS
$21.4B
$2.41M 0.29%
+34,860
New +$2.11M
HII icon
124
Huntington Ingalls Industries
HII
$12.7B
$2.4M 0.29%
17,545
-1,948
-10% -$254K
LPT
125
DELISTED
Liberty Property Trust
LPT
$2.4M 0.29%
71,831
-14,567
-17% -$438K
3 4
5
6 7

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Convergence Investment Partners's Q1 2016 Portfolio in Review

As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.

  • Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
  • Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
  • Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
  • Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
  • Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
  • Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.

Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.