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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
+4.24%
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
$720M
AUM Growth
-$26.9M
Cap. Flow
-$44.5M
Cap. Flow %
-6.17%
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112

Top Buys

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$4.58M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$4.34M
3
MRK icon
Merck
MRK
+$4.27M
4
C icon
Citigroup
C
+$3.83M
5
STT icon
State Street
STT
+$3.81M

Top Sells

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$7.97M
2
MS icon
Morgan Stanley
MS
+$6.89M
3
PSX icon
Phillips 66
PSX
+$5.71M
4
HPQ icon
HP
HPQ
+$5.4M
5
JPM icon
JPMorgan Chase
JPM
+$4.64M

Sector Composition

Rank Sector Weight
1 Technology 14.77%
2 Financials 14.29%
3 Healthcare 12.04%
4 Industrials 11.67%
5 Consumer Discretionary 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
126
UnitedHealth
UNH
$370B
$2.05M 0.29%
17,355
-16,804
-49% -$1.87M
PAYX icon
127
Paychex
PAYX
$42.7B
$2.03M 0.28%
+40,941
New +$1.99M
NXGN
128
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$2.03M 0.28%
+126,946
New +$2.1M
LOGM
129
DELISTED
LogMein, Inc.
LOGM
$2.02M 0.28%
36,110
+18,440
+104% +$944K
UCB
130
United Community Banks
UCB
$4.28B
$2.01M 0.28%
+106,562
New +$1.97M
HD icon
131
Home Depot
HD
$355B
$2M 0.28%
17,584
-13,439
-43% -$1.48M
SCMP
132
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
$1.99M 0.28%
128,130
+60,380
+89% +$936K
AN icon
133
AutoNation
AN
$6.92B
$1.98M 0.28%
30,818
-19,482
-39% -$1.19M
VAC icon
134
Marriott Vacations Worldwide
VAC
$4.25B
$1.95M 0.27%
24,073
-6,575
-21% -$509K
AMKR icon
135
Amkor Technology
AMKR
$13.7B
$1.93M 0.27%
+218,030
New +$1.77M
PRU icon
136
Prudential Financial
PRU
$41.8B
$1.92M 0.27%
23,960
+12,655
+112% +$1.03M
DKS icon
137
Dick's Sporting Goods
DKS
$18.7B
$1.91M 0.27%
+33,585
New +$1.84M
CA
138
DELISTED
CA, Inc.
CA
$1.91M 0.26%
58,500
+5,005
+9% +$159K
INFA
139
DELISTED
INFORMATICA CORP
INFA
$1.9M 0.26%
+43,415
New +$1.81M
ABMD
140
DELISTED
Abiomed Inc
ABMD
$1.9M 0.26%
+26,552
New +$1.44M
KR icon
141
Kroger
KR
$34.8B
$1.89M 0.26%
49,170
+42,436
+630% +$1.51M
MAR icon
142
Marriott International
MAR
$92.3B
$1.87M 0.26%
23,317
+898
+4% +$71.6K
UFPI icon
143
UFP Industries
UFPI
$5.19B
$1.86M 0.26%
100,560
+53,100
+112% +$923K
TGT icon
144
Target
TGT
$68B
$1.86M 0.26%
22,629
+1,565
+7% +$121K
CPF icon
145
Central Pacific Financial
CPF
$1B
$1.85M 0.26%
80,718
+54,980
+214% +$1.23M
LOW icon
146
Lowe's Companies
LOW
$125B
$1.85M 0.26%
+24,827
New +$1.78M
UEIC icon
147
Universal Electronics
UEIC
$61.3M
$1.84M 0.26%
32,558
+14,208
+77% +$862K
CIT
148
DELISTED
CIT Group Inc.
CIT
$1.83M 0.25%
+40,497
New +$1.84M
ANAC
149
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
$1.81M 0.25%
31,262
-6,186
-17% -$263K
WNC icon
150
Wabash National
WNC
$527M
$1.81M 0.25%
128,260
+48,752
+61% +$660K
4 5
6
7 8

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Convergence Investment Partners's Q1 2015 Portfolio in Review

As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.

Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.

  • Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
  • Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
  • Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
  • Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
  • Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
  • Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
  • Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.

Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.