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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
+8.78%
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
$491M
AUM Growth
-$226M
Cap. Flow
-$269M
Cap. Flow %
-54.91%
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$3.53M
2
WBA
Walgreens Boots Alliance
WBA
+$3.41M
3
HST icon
Host Hotels & Resorts
HST
+$2.75M
4
CLGX
Corelogic, Inc.
CLGX
+$2.67M
5
QCOM icon
Qualcomm
QCOM
+$2.19M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$7.05M
2
CA
CA, Inc.
CA
+$6.83M
3
T icon
AT&T
T
+$6.52M
4
CAT icon
Caterpillar
CAT
+$5.37M
5
GIS icon
General Mills
GIS
+$5.04M

Sector Composition

Rank Sector Weight
1 Financials 16.23%
2 Technology 15.94%
3 Healthcare 14.51%
4 Industrials 12.11%
5 Consumer Discretionary 9.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CELG
126
DELISTED
Celgene Corp
CELG
$1.52M 0.31%
+16,964
New +$1.5M
SRCL
127
DELISTED
Stericycle Inc
SRCL
$1.51M 0.31%
+25,748
New +$1.64M
TEN
128
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
$1.5M 0.31%
+35,584
New +$1.56M
AMT icon
129
American Tower
AMT
$80.4B
$1.46M 0.3%
10,021
-81
-0.8% -$11.9K
HPQ icon
130
HP
HPQ
$27.5B
$1.45M 0.3%
+56,383
New +$1.36M
RRX icon
131
Regal Rexnord
RRX
$11.9B
$1.39M 0.28%
+16,849
New +$1.4M
HCA icon
132
HCA Healthcare
HCA
$89.5B
$1.38M 0.28%
9,897
-10,198
-51% -$1.27M
PNC icon
133
PNC Financial Services
PNC
$101B
$1.35M 0.28%
+9,940
New +$1.41M
STI
134
DELISTED
SunTrust Banks, Inc.
STI
$1.35M 0.28%
20,237
-10,296
-34% -$734K
STLD icon
135
Steel Dynamics
STLD
$37.6B
$1.35M 0.27%
+29,819
New +$1.37M
OMC icon
136
Omnicom Group
OMC
$23.4B
$1.32M 0.27%
19,455
-35,010
-64% -$2.46M
MMS icon
137
Maximus
MMS
$3.1B
$1.29M 0.26%
19,912
-11,332
-36% -$736K
FCX icon
138
Freeport-McMoran
FCX
$97.5B
$1.28M 0.26%
92,310
-67,053
-42% -$1.01M
PRKS icon
139
United Parks & Resorts
PRKS
$2.12B
$1.28M 0.26%
+40,743
New +$1.06M
TFC icon
140
Truist Financial
TFC
$64B
$1.28M 0.26%
26,376
-15,547
-37% -$798K
FCN icon
141
FTI Consulting
FCN
$4.18B
$1.28M 0.26%
+17,454
New +$1.28M
F icon
142
Ford
F
$55.7B
$1.27M 0.26%
137,608
-152,506
-53% -$1.52M
HII icon
143
Huntington Ingalls Industries
HII
$12.8B
$1.26M 0.26%
+4,919
New +$1.18M
HUN icon
144
Huntsman Corp
HUN
$1.77B
$1.22M 0.25%
+44,700
New +$1.36M
LM
145
DELISTED
Legg Mason, Inc.
LM
$1.21M 0.25%
38,788
-142,464
-79% -$4.61M
TXT icon
146
Textron
TXT
$15.4B
$1.2M 0.24%
+16,762
New +$1.14M
ZBRA icon
147
Zebra Technologies
ZBRA
$17.8B
$1.2M 0.24%
+6,764
New +$1.08M
CA
148
DELISTED
CA, Inc.
CA
$1.18M 0.24%
26,823
-158,564
-86% -$6.83M
PLD icon
149
Prologis
PLD
$133B
$1.17M 0.24%
17,240
-31,491
-65% -$2.07M
BKU icon
150
Bankunited
BKU
$3.36B
$1.16M 0.24%
32,871
-1,098
-3% -$43.2K
4 5
6
7 8

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Convergence Investment Partners's Q3 2018 Portfolio in Review

As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.

  • Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
  • Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
  • Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
  • Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
  • Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
  • Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.

Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.