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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
+3.91%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RIG icon
101
Transocean
RIG
$5.78B
$2.63M 0.37%
+211,611
New +$2.91M
UNH icon
102
UnitedHealth
UNH
$370B
$2.63M 0.37%
16,008
+13,813
+629% +$2.26M
H icon
103
Hyatt Hotels
H
$16.4B
$2.61M 0.37%
48,285
-14,276
-23% -$769K
CATY icon
104
Cathay General Bancorp
CATY
$4.3B
$2.58M 0.36%
+68,505
New +$2.6M
CSCO icon
105
Cisco
CSCO
$480B
$2.58M 0.36%
76,374
+3,330
+5% +$108K
CCL icon
106
Carnival Corporation Ltd
CCL
$40.5B
$2.55M 0.36%
43,283
+9,786
+29% +$547K
SAIC icon
107
Saic
SAIC
$5.09B
$2.5M 0.35%
+33,611
New +$2.86M
URI icon
108
United Rentals
URI
$71.6B
$2.5M 0.35%
19,968
+1,320
+7% +$161K
WFC icon
109
Wells Fargo
WFC
$267B
$2.49M 0.35%
44,769
-1,596
-3% -$90.6K
CRUS icon
110
Cirrus Logic
CRUS
$6.74B
$2.49M 0.35%
40,990
+2,740
+7% +$156K
ESRX
111
DELISTED
Express Scripts Holding Company
ESRX
$2.45M 0.34%
37,223
+497
+1% +$34.2K
WCG
112
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.44M 0.34%
17,366
-3,601
-17% -$513K
LSXMA
113
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$2.43M 0.34%
86,547
+75,114
+657% +$2.03M
UTHR icon
114
United Therapeutics
UTHR
$22B
$2.42M 0.34%
17,886
+86
+0.5% +$13K
UAL icon
115
United Airlines
UAL
$43B
$2.39M 0.34%
33,786
+6,189
+22% +$447K
TFCFA
116
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$2.37M 0.33%
+73,079
New +$2.23M
GPI icon
117
Group 1 Automotive
GPI
$3.41B
$2.33M 0.33%
+31,393
New +$2.45M
PLCE icon
118
Children's Place
PLCE
$59.2M
$2.32M 0.33%
19,320
+2,440
+14% +$257K
GLW icon
119
Corning
GLW
$137B
$2.26M 0.32%
83,645
-2,523
-3% -$67.1K
CPN
120
DELISTED
Calpine Corporation
CPN
$2.25M 0.32%
+204,086
New +$2.34M
BDC icon
121
Belden
BDC
$4.98B
$2.22M 0.31%
+32,135
New +$2.36M
RGC
122
DELISTED
Regal Entertainment Group
RGC
$2.2M 0.31%
97,379
+7,140
+8% +$157K
PG icon
123
Procter & Gamble
PG
$345B
$2.19M 0.31%
24,353
-49,237
-67% -$4.37M
SANM icon
124
Sanmina
SANM
$11.1B
$2.19M 0.31%
53,854
-13,011
-19% -$503K
CVS icon
125
CVS Health
CVS
$133B
$2.18M 0.31%
27,770
+119
+0.4% +$9.5K
3 4
5
6 7

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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.