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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
+3.92%
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
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETN icon
126
Eaton
ETN
$161B
$2.06M 0.3%
26,472
+897
+4% +$68.4K
MET icon
127
MetLife
MET
$61.9B
$2.05M 0.3%
41,889
+1,562
+4% +$72.5K
LUV icon
128
Southwest Airlines
LUV
$22B
$2.01M 0.29%
+32,356
New +$1.88M
MOH icon
129
Molina Healthcare
MOH
$10.2B
$1.99M 0.29%
+28,812
New +$1.77M
CVLT icon
130
Commault Systems
CVLT
$4.88B
$1.97M 0.29%
34,969
-66,943
-66% -$3.66M
QUAD icon
131
Quad
QUAD
$536M
$1.97M 0.29%
85,740
-26,113
-23% -$621K
CATY icon
132
Cathay General Bancorp
CATY
$4.22B
$1.96M 0.29%
51,717
-16,788
-25% -$631K
HE icon
133
Hawaiian Electric Industries
HE
$2.23B
$1.96M 0.29%
60,609
-72,947
-55% -$2.43M
SUPN icon
134
Supernus Pharmaceuticals
SUPN
$2.59B
$1.96M 0.29%
45,441
-11,739
-21% -$418K
EG icon
135
Everest Group
EG
$14.5B
$1.94M 0.28%
7,624
+1,424
+23% +$351K
NFG icon
136
National Fuel Gas
NFG
$7.82B
$1.94M 0.28%
+34,665
New +$1.95M
TSE
137
DELISTED
Trinseo
TSE
$1.94M 0.28%
28,187
-3,221
-10% -$211K
IRBT
138
DELISTED
iRobot
IRBT
$1.91M 0.28%
22,680
-20,822
-48% -$1.8M
LNC icon
139
Lincoln National
LNC
$8.73B
$1.91M 0.28%
28,218
+1,677
+6% +$111K
IVZ icon
140
Invesco
IVZ
$13.1B
$1.86M 0.27%
52,916
+1,684
+3% +$54.9K
CVI icon
141
CVR Energy
CVI
$3.58B
$1.86M 0.27%
+85,278
New +$1.75M
VMW
142
DELISTED
VMware, Inc
VMW
$1.84M 0.27%
21,025
-2,114
-9% -$195K
PRU icon
143
Prudential Financial
PRU
$42.4B
$1.83M 0.27%
16,922
-17,528
-51% -$1.86M
HOUS
144
DELISTED
Anywhere Real Estate
HOUS
$1.82M 0.27%
56,033
+2,596
+5% +$78.6K
SANM icon
145
Sanmina
SANM
$9.95B
$1.81M 0.26%
47,520
-6,334
-12% -$241K
ETR icon
146
Entergy
ETR
$50.2B
$1.81M 0.26%
47,084
-23,556
-33% -$912K
UAL icon
147
United Airlines
UAL
$39.4B
$1.76M 0.26%
23,447
-10,339
-31% -$781K
LEA icon
148
Lear
LEA
$6.54B
$1.75M 0.26%
12,319
-1,371
-10% -$194K
AKS
149
DELISTED
AK Steel Holding Corp
AKS
$1.75M 0.26%
266,363
-174,748
-40% -$1.1M
LVS icon
150
Las Vegas Sands
LVS
$31.7B
$1.75M 0.26%
+27,358
New +$1.64M
4 5
6
7 8

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.