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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
-20.74%
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
$229M
AUM Growth
-$123M
Cap. Flow
-$50.6M
Cap. Flow %
-22.12%
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$2.37M
2
GS icon
Goldman Sachs
GS
+$2.18M
3
MPC icon
Marathon Petroleum
MPC
+$1.66M
4
GM icon
General Motors
GM
+$1.46M
5
CFG icon
Citizens Financial Group
CFG
+$1.26M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.47M
2
PFE icon
Pfizer
PFE
+$2.04M
3
FITB
Fifth Third Bancorp
FITB
+$1.9M
4
NEE icon
NextEra Energy
NEE
+$1.86M
5
DFS
Discover Financial Services
DFS
+$1.82M

Sector Composition

Rank Sector Weight
1 Technology 18.8%
2 Healthcare 16.5%
3 Financials 14.66%
4 Communication Services 9.42%
5 Consumer Staples 9.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EBAY icon
126
eBay
EBAY
$47.9B
$566K 0.25%
+18,831
New +$656K
NDSN icon
127
Nordson
NDSN
$17.2B
$565K 0.25%
+4,186
New +$644K
AEL
128
DELISTED
American Equity Investment Life Holding Company
AEL
$564K 0.25%
+30,009
New +$766K
DISH
129
DELISTED
DISH Network Corp.
DISH
$563K 0.25%
28,162
-17,138
-38% -$556K
UFPI icon
130
UFP Industries
UFPI
$5.02B
$551K 0.24%
14,827
-7,145
-33% -$328K
VNO icon
131
Vornado Realty Trust
VNO
$7.23B
$546K 0.24%
+15,081
New +$858K
CSX icon
132
CSX Corp
CSX
$93B
$541K 0.24%
28,326
-12,354
-30% -$288K
PFG icon
133
Principal Financial Group
PFG
$24.4B
$536K 0.23%
17,103
-1,480
-8% -$70K
EG icon
134
Everest Group
EG
$14.2B
$532K 0.23%
+2,764
New +$706K
TDY icon
135
Teledyne Technologies
TDY
$32.2B
$530K 0.23%
+1,783
New +$612K
ROCK icon
136
Gibraltar Industries
ROCK
$1.44B
$528K 0.23%
+12,302
New +$615K
STOR
137
DELISTED
STORE Capital Corporation
STOR
$528K 0.23%
29,112
-1,904
-6% -$62.9K
PDM
138
Piedmont Realty Trust
PDM
$1.15B
$527K 0.23%
+29,824
New +$643K
CVI icon
139
CVR Energy
CVI
$3.29B
$524K 0.23%
+31,715
New +$955K
SUM
140
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$522K 0.23%
+35,412
New +$688K
EGP icon
141
EastGroup Properties
EGP
$10.8B
$520K 0.23%
+4,977
New +$628K
PZZA icon
142
Papa John's
PZZA
$778M
$520K 0.23%
+9,736
New +$586K
CTVA icon
143
Corteva
CTVA
$51.4B
$518K 0.23%
+22,029
New +$606K
LXP icon
144
LXP Industrial Trust
LXP
$3.57B
$516K 0.23%
10,397
-5,510
-35% -$292K
ORI icon
145
Old Republic International
ORI
$10.3B
$516K 0.23%
+33,836
New +$696K
CHRW icon
146
C.H. Robinson
CHRW
$17.4B
$514K 0.22%
+7,759
New +$557K
SSD icon
147
Simpson Manufacturing
SSD
$7.98B
$509K 0.22%
+8,212
New +$641K
RTN
148
DELISTED
Raytheon Company
RTN
$508K 0.22%
+3,872
New +$767K
FBIN icon
149
Fortune Brands Innovations
FBIN
$5.74B
$502K 0.22%
+13,572
New +$717K
AQUA
150
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$500K 0.22%
+44,615
New +$840K
4 5
6
7 8

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Convergence Investment Partners's Q1 2020 Portfolio in Review

As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.

  • Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
  • Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
  • Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
  • Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
  • Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
  • Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.

Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.