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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
+9.38%
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
$352M
AUM Growth
-$7.27M
(-2%)
Cap. Flow
-$33.5M
Cap. Flow
% of AUM
-9.51%
Top 10 Holdings %
Top 10 Hldgs %
17.35%
Holding
345
New
51
Increased
46
Reduced
123
Closed
123
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Travel + Leisure Co
TNL
|
+$2.66M |
| 2 |
General Mills
GIS
|
+$2.22M |
| 3 |
Whirlpool
WHR
|
+$2.13M |
| 4 |
LyondellBasell Industries
LYB
|
+$1.7M |
| 5 |
Meta Platforms (Facebook)
META
|
+$1.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$2.48M |
| 2 |
GRMN
Garmin
GRMN
|
+$2.2M |
| 3 |
PDM
Piedmont Realty Trust
PDM
|
+$1.9M |
| 4 |
IPG
Interpublic Group of Companies
IPG
|
+$1.55M |
| 5 |
Manhattan Associates
MANH
|
+$1.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.41% |
| 2 | Technology | 16.67% |
| 3 | Healthcare | 13.01% |
| 4 | Consumer Discretionary | 9.23% |
| 5 | Industrials | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Carlisle Companies
CSL
$15.4B
| $1.02M | 0.29% |
6,317
-912
| -13% | -$141K |
|
127
Dell
DELL
$293B
| $1.02M | 0.29% |
+39,219
| New | +$1.02M |
|
128
Principal Financial Group
PFG
$24.3B
| $1.02M | 0.29% |
18,583
-934
| -5% | -$51.1K |
|
129
CSX Corp
CSX
$93.1B
| $981K | 0.28% |
40,680
-8,859
| -18% | -$210K |
|
130
Johnson & Johnson
JNJ
$625B
| $980K | 0.28% |
6,716
-64
| -0.9% | -$8.68K |
|
131
United Airlines
UAL
$42.1B
| $973K | 0.28% |
+11,047
| New | +$992K |
|
|
IPG
132
DELISTED
Interpublic Group of Companies
IPG
| $972K | 0.28% |
42,089
-70,548
| -63% | -$1.55M |
|
133
Norwegian Cruise Line
NCLH
$8.84B
| $970K | 0.28% |
16,604
-2,039
| -11% | -$108K |
|
134
Citizens Financial Group
CFG
$30.6B
| $949K | 0.27% |
+23,377
| New | +$875K |
|
135
Landstar System
LSTR
$6.21B
| $939K | 0.27% |
8,249
-857
| -9% | -$96.7K |
|
136
Boyd Gaming
BYD
$6.06B
| $937K | 0.27% |
+31,300
| New | +$881K |
|
137
United Parks & Resorts
PRKS
$2.12B
| $930K | 0.26% |
29,340
-10,677
| -27% | -$308K |
|
138
Arch Capital
ACGL
$33.6B
| $918K | 0.26% |
21,400
-2,918
| -12% | -$121K |
|
139
Jones Lang LaSalle
JLL
$16.7B
| $918K | 0.26% |
5,272
+4,096
| +348% | +$644K |
|
|
SGI
140
Somnigroup International
SGI
$13.7B
| $913K | 0.26% |
41,952
-10,700
| -20% | -$224K |
|
141
Reinsurance Group of America
RGA
$16.1B
| $909K | 0.26% |
+5,576
| New | +$902K |
|
142
Amdocs
DOX
$6.22B
| $903K | 0.26% |
+12,503
| New | +$851K |
|
143
Reliance Steel & Aluminium
RS
$21.6B
| $903K | 0.26% |
+7,543
| New | +$854K |
|
144
Simon Property Group
SPG
$72.3B
| $895K | 0.25% |
+6,008
| New | +$901K |
|
145
Ball Corp
BALL
$16.8B
| $894K | 0.25% |
13,817
+2,122
| +18% | +$144K |
|
146
Bloomin' Brands
BLMN
$938M
| $883K | 0.25% |
+39,994
| New | +$849K |
|
147
NewMarket
NEU
$8.18B
| $877K | 0.25% |
1,803
+35
| +2% | +$16.8K |
|
148
Innospec
IOSP
$2.28B
| $873K | 0.25% |
8,443
+7,121
| +539% | +$681K |
|
149
Martin Marietta Materials
MLM
$33B
| $871K | 0.25% |
+3,116
| New | +$831K |
|
150
H&R Block
HRB
$5.86B
| $869K | 0.25% |
+37,009
| New | +$889K |
|
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Convergence Investment Partners's Q4 2019 Portfolio in Review
As of Q4 2019, Convergence Investment Partners held 345 positions worth $352M, down 2% from $359M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Convergence Investment Partners withdrew a net $33.5M in Q4 2019, closing 123 positions and reducing 123 holdings. Its most notable exit was Garmin, an estimated $2.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Travel + Leisure Co worth $2.88M.
- Convergence Investment Partners's largest Q4 2019 buy was Travel + Leisure Co: 55,656 shares worth $2.88M.
- Convergence Investment Partners added most to Meta Platforms (Facebook) in Q4 2019, an estimated $1.62M increase.
- Convergence Investment Partners's biggest Q4 2019 reduction was Starbucks, cutting an estimated $2.48M.
- Convergence Investment Partners fully exited Garmin in Q4 2019, selling an estimated $2.2M.
- Convergence Investment Partners's ten largest holdings make up 17% of its $352M portfolio in Q4 2019.
- Convergence Investment Partners opened 51 new positions and closed 123 in Q4 2019.
- Convergence Investment Partners's portfolio value fell 2% quarter-over-quarter to $352M.
Based on Convergence Investment Partners's 13F filing for Q4 2019, filed 22 Jan 2020.