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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
-10.17%
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
$165M
AUM Growth
-$28.7M
(-15%)
Cap. Flow
-$6.44M
Cap. Flow
% of AUM
-3.89%
Top 10 Holdings %
Top 10 Hldgs %
20.5%
Holding
254
New
42
Increased
71
Reduced
89
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kimberly-Clark
KMB
|
+$2.2M |
| 2 |
NSA
National Storage Affiliates Trust
NSA
|
+$1.32M |
| 3 |
US Bancorp
USB
|
+$1.29M |
| 4 |
Unum
UNM
|
+$1.17M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$1.69M |
| 2 |
Simon Property Group
SPG
|
+$1.55M |
| 3 |
Cummins
CMI
|
+$1.17M |
| 4 |
Bank of America
BAC
|
+$1.08M |
| 5 |
Fidelity National Financial
FNF
|
+$992K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.48% |
| 2 | Healthcare | 16.87% |
| 3 | Financials | 15.66% |
| 4 | Consumer Staples | 8.79% |
| 5 | Communication Services | 8.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
American Express
AXP
$230B
| $391K | 0.24% |
2,821
+1,236
| +78% | +$204K |
|
102
Dell
DELL
$293B
| $390K | 0.24% |
+8,430
| New | +$398K |
|
103
Oracle
ORCL
$423B
| $383K | 0.23% |
5,479
-34
| -0.6% | -$2.49K |
|
104
Abbott
ABT
$187B
| $373K | 0.23% |
3,435
-94
| -3% | -$10.7K |
|
105
Regeneron Pharmaceuticals
REGN
$80.8B
| $371K | 0.22% |
627
-91
| -13% | -$59.2K |
|
106
Vertex Pharmaceuticals
VRTX
$126B
| $371K | 0.22% |
1,317
+120
| +10% | +$32.1K |
|
107
Avnet
AVT
$7.92B
| $360K | 0.22% |
+8,393
| New | +$366K |
|
108
Lowe's Companies
LOW
$125B
| $360K | 0.22% |
2,060
-4
| -0.2% | -$771 |
|
109
AutoNation
AN
$6.92B
| $359K | 0.22% |
3,209
-170
| -5% | -$19.3K |
|
110
Accenture
ACN
$108B
| $356K | 0.22% |
1,283
-1,254
| -49% | -$377K |
|
111
WEX
WEX
$6.31B
| $351K | 0.21% |
+2,254
| New | +$369K |
|
112
McDonald's
MCD
$195B
| $344K | 0.21% |
1,395
-8
| -0.6% | -$1.97K |
|
113
Amkor Technology
AMKR
$13.7B
| $337K | 0.2% |
19,856
-4,813
| -20% | -$91.5K |
|
114
Jack Henry & Associates
JKHY
$11.1B
| $331K | 0.2% |
+1,837
| New | +$344K |
|
115
Teradata
TDC
$2.55B
| $331K | 0.2% |
8,950
-2,471
| -22% | -$98.6K |
|
116
Penske Automotive Group
PAG
$14.2B
| $329K | 0.2% |
+3,138
| New | +$336K |
|
117
ConocoPhillips
COP
$141B
| $323K | 0.2% |
3,595
-35
| -1% | -$3.61K |
|
118
Avantor
AVTR
$9.19B
| $322K | 0.19% |
10,365
+1,147
| +12% | +$35.8K |
|
119
Dropbox
DBX
$8.12B
| $321K | 0.19% |
+15,313
| New | +$331K |
|
120
InterDigital
IDCC
$8.89B
| $316K | 0.19% |
+5,193
| New | +$319K |
|
121
Kraft Heinz
KHC
$30B
| $310K | 0.19% |
+8,131
| New | +$326K |
|
122
Danaher
DHR
$144B
| $309K | 0.19% |
1,377
+1
| +0.1% | +$230 |
|
123
Union Pacific
UNP
$174B
| $306K | 0.19% |
1,436
-19
| -1% | -$4.32K |
|
124
Albertsons Companies
ACI
$5.83B
| $304K | 0.18% |
+11,382
| New | +$348K |
|
125
Box
BOX
$4.6B
| $299K | 0.18% |
11,905
-638
| -5% | -$17.8K |
|
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Convergence Investment Partners's Q2 2022 Portfolio in Review
As of Q2 2022, Convergence Investment Partners held 254 positions worth $165M, down 15% from $194M the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Convergence Investment Partners withdrew a net $6.44M in Q2 2022, closing 52 positions and reducing 89 holdings. Its most notable exit was Simon Property Group, an estimated $1.55M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in Kimberly-Clark worth $2.26M.
- Convergence Investment Partners's largest Q2 2022 buy was Kimberly-Clark: 16,702 shares worth $2.26M.
- Convergence Investment Partners added most to US Bancorp in Q2 2022, an estimated $1.29M increase.
- Convergence Investment Partners's biggest Q2 2022 reduction was Procter & Gamble, cutting an estimated $1.69M.
- Convergence Investment Partners fully exited Simon Property Group in Q2 2022, selling an estimated $1.55M.
- Convergence Investment Partners's ten largest holdings make up 21% of its $165M portfolio in Q2 2022.
- Convergence Investment Partners opened 42 new positions and closed 52 in Q2 2022.
- Convergence Investment Partners's portfolio value fell 15% quarter-over-quarter to $165M.
Based on Convergence Investment Partners's 13F filing for Q2 2022, filed 5 Aug 2022.