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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRC icon
101
Brady Corp
BRC
$4.62B
$2.39M 0.35%
69,052
-7,635
-10% -$251K
NAVI icon
102
Navient
NAVI
$813M
$2.38M 0.35%
164,176
+73,391
+81% +$1.02M
DGX icon
103
Quest Diagnostics
DGX
$26.3B
$2.35M 0.35%
+27,820
New +$2.34M
KSS icon
104
Kohl's
KSS
$2.1B
$2.27M 0.34%
+51,939
New +$2.18M
RLJ icon
105
RLJ Lodging Trust
RLJ
$1.75B
$2.27M 0.34%
107,973
-106,617
-50% -$2.42M
MLKN icon
106
MillerKnoll
MLKN
$1.66B
$2.24M 0.33%
78,220
+43,055
+122% +$1.42M
CBL
107
DELISTED
CBL& Associates Properties, Inc.
CBL
$2.23M 0.33%
+183,889
New +$2.24M
MOH icon
108
Molina Healthcare
MOH
$10.2B
$2.23M 0.33%
38,217
-8,899
-19% -$490K
CEVA icon
109
CEVA Inc
CEVA
$1.05B
$2.21M 0.33%
63,150
– –
WFC icon
110
Wells Fargo
WFC
$262B
$2.2M 0.32%
49,617
-6,505
-12% -$311K
TSE
111
DELISTED
Trinseo
TSE
$2.19M 0.32%
38,725
-5,035
-12% -$267K
EAT icon
112
Brinker International
EAT
$9.66B
$2.17M 0.32%
+43,046
New +$2.17M
HPQ icon
113
HP
HPQ
$26.5B
$2.15M 0.32%
138,629
-57,657
-29% -$822K
OC icon
114
Owens Corning
OC
$12.3B
$2.12M 0.31%
39,758
-2,034
-5% -$109K
ESNT icon
115
Essent Group
ESNT
$6.19B
$2.09M 0.31%
78,547
-38,913
-33% -$986K
AMKR icon
116
Amkor Technology
AMKR
$13.5B
$2.06M 0.3%
212,490
-91,806
-30% -$735K
GCO icon
117
Genesco
GCO
$429M
$2.06M 0.3%
+37,920
New +$2.39M
SIRI icon
118
SiriusXM
SIRI
$10B
$2.06M 0.3%
49,408
-12,504
-20% -$522K
PKG icon
119
Packaging Corp of America
PKG
$22.9B
$2.05M 0.3%
25,242
-4,223
-14% -$323K
HBAN icon
120
Huntington Bancshares
HBAN
$35.2B
$2.05M 0.3%
207,828
-72,039
-26% -$686K
MCHB
121
Mechanics Bancorp
MCHB
$3.68B
$2.04M 0.3%
81,614
+4,374
+6% +$103K
URBN icon
122
Urban Outfitters
URBN
$6.56B
$2.02M 0.3%
+58,659
New +$1.92M
SFLY
123
DELISTED
Shutterfly, Inc.
SFLY
$2.02M 0.3%
45,343
-43,425
-49% -$2.15M
IPXL
124
DELISTED
Impax Laboratories, Inc.
IPXL
$1.99M 0.29%
84,111
+27,171
+48% +$730K
TT icon
125
Trane Technologies
TT
$106B
$1.98M 0.29%
29,203
+225
+0.8% +$15K
3 4
5
6 7

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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.