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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
+2.92%
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
$359M
AUM Growth
-$54.9M
Cap. Flow
-$60.4M
Cap. Flow %
-16.81%
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88

Top Buys

Rank Stock Value
1
SO icon
Southern Company
SO
+$2.55M
2
IPG
Interpublic Group of Companies
IPG
+$2.43M
3
DUK icon
Duke Energy
DUK
+$2.37M
4
T icon
AT&T
T
+$2.36M
5
MDT icon
Medtronic
MDT
+$2.1M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$4.68M
2
VZ icon
Verizon
VZ
+$3.21M
3
CMCSA icon
Comcast
CMCSA
+$3.15M
4
AVB icon
AvalonBay Communities
AVB
+$2.59M
5
UNP icon
Union Pacific
UNP
+$2.52M

Sector Composition

Rank Sector Weight
1 Technology 16.97%
2 Financials 16.77%
3 Healthcare 12.46%
4 Industrials 10.79%
5 Consumer Staples 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IP icon
101
International Paper
IP
$22B
$1.26M 0.35%
31,751
-698
-2% -$27.3K
DOW icon
102
Dow Inc
DOW
$21.2B
$1.24M 0.35%
+26,102
New +$1.22M
EME icon
103
Emcor
EME
$36B
$1.23M 0.34%
14,297
+1,620
+13% +$138K
NAVI icon
104
Navient
NAVI
$853M
$1.23M 0.34%
95,806
-31,265
-25% -$417K
NRG icon
105
NRG Energy
NRG
$24.8B
$1.22M 0.34%
+30,822
New +$1.11M
CAT icon
106
Caterpillar
CAT
$387B
$1.21M 0.34%
9,611
+7,934
+473% +$1.01M
TMO icon
107
Thermo Fisher Scientific
TMO
$220B
$1.18M 0.33%
4,065
-2,670
-40% -$765K
STOR
108
DELISTED
STORE Capital Corporation
STOR
$1.18M 0.33%
+31,640
New +$1.13M
ALL icon
109
Allstate
ALL
$67.5B
$1.18M 0.33%
10,853
-3,785
-26% -$395K
VEEV icon
110
Veeva Systems
VEEV
$37.4B
$1.18M 0.33%
7,721
-2,385
-24% -$383K
AMT icon
111
American Tower
AMT
$80.4B
$1.18M 0.33%
+5,328
New +$1.16M
ALXN
112
DELISTED
Alexion Pharmaceuticals
ALXN
$1.18M 0.33%
+11,997
New +$1.35M
CSX icon
113
CSX Corp
CSX
$93.1B
$1.14M 0.32%
+49,539
New +$1.15M
OSK icon
114
Oshkosh
OSK
$9.59B
$1.14M 0.32%
15,018
+1,034
+7% +$79.1K
CERN
115
DELISTED
Cerner Corp
CERN
$1.14M 0.32%
+16,688
New +$1.18M
PSB
116
DELISTED
PS Business Parks, Inc.
PSB
$1.12M 0.31%
6,180
-1,495
-19% -$264K
CBRE icon
117
CBRE Group
CBRE
$42.9B
$1.12M 0.31%
21,063
-3,293
-14% -$173K
PFG icon
118
Principal Financial Group
PFG
$24.3B
$1.11M 0.31%
19,517
-4,871
-20% -$274K
OMF icon
119
OneMain Financial
OMF
$7.47B
$1.11M 0.31%
30,257
+27,132
+868% +$1.01M
DAL icon
120
Delta Air Lines
DAL
$60.1B
$1.11M 0.31%
+19,212
New +$1.14M
UFPI icon
121
UFP Industries
UFPI
$5.19B
$1.11M 0.31%
+27,769
New +$1.08M
BRK.B icon
122
Berkshire Hathaway Class B
BRK.B
$1.13T
$1.1M 0.31%
5,312
+43
+0.8% +$8.86K
GOOGL icon
123
Alphabet (Google) Class A
GOOGL
$4.33T
$1.09M 0.3%
17,880
-32,760
-65% -$1.94M
BMCH
124
DELISTED
BMC Stock Holdings, Inc
BMCH
$1.08M 0.3%
41,190
+30,617
+290% +$730K
ARNA
125
DELISTED
Arena Pharmaceuticals Inc
ARNA
$1.08M 0.3%
23,535
+19,717
+516% +$1.11M
3 4
5
6 7

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Convergence Investment Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.

  • Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
  • Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
  • Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
  • Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
  • Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
  • Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.

Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.