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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
+9.54%
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
$287M
AUM Growth
-$3.42M
Cap. Flow
-$16.8M
Cap. Flow %
-5.84%
Top 10 Hldgs %
17.3%
Holding
280
New
70
Increased
46
Reduced
113
Closed
51

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$2.29M
2
TXN icon
Texas Instruments
TXN
+$2.17M
3
BNY
Bank of New York Mellon
BNY
+$1.96M
4
MAA icon
Mid-America Apartment Communities
MAA
+$1.61M
5
FITB
Fifth Third Bancorp
FITB
+$1.53M

Top Sells

Rank Stock Value
1
COR icon
Cencora
COR
+$2.77M
2
GS icon
Goldman Sachs
GS
+$1.9M
3
QCOM icon
Qualcomm
QCOM
+$1.68M
4
AAPL icon
Apple
AAPL
+$1.59M
5
NVDA icon
NVIDIA
NVDA
+$1.58M

Sector Composition

Rank Sector Weight
1 Technology 20.41%
2 Healthcare 14.87%
3 Financials 14.21%
4 Consumer Discretionary 11.47%
5 Industrials 9.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAN icon
126
ManpowerGroup
MAN
$2.63B
$799K 0.28%
10,902
+2,705
+33% +$194K
BLDR icon
127
Builders FirstSource
BLDR
$8.04B
$794K 0.28%
+24,336
New +$661K
NOW icon
128
ServiceNow
NOW
$129B
$780K 0.27%
+8,045
New +$719K
DOW icon
129
Dow Inc
DOW
$21.2B
$777K 0.27%
16,513
-7,963
-33% -$358K
HPE icon
130
Hewlett Packard
HPE
$70.5B
$776K 0.27%
82,766
-8,514
-9% -$81.3K
AME icon
131
Ametek
AME
$58.2B
$771K 0.27%
+7,760
New +$750K
FBIN icon
132
Fortune Brands Innovations
FBIN
$6.06B
$767K 0.27%
+10,374
New +$694K
REGI
133
DELISTED
Renewable Energy Group, Inc.
REGI
$766K 0.27%
+14,337
New +$504K
PTON icon
134
Peloton Interactive
PTON
$2.49B
$759K 0.26%
+7,646
New +$563K
AGCO icon
135
AGCO
AGCO
$7.2B
$758K 0.26%
10,209
+3,047
+43% +$208K
PWR icon
136
Quanta Services
PWR
$101B
$753K 0.26%
14,253
-6,835
-32% -$318K
UFPI icon
137
UFP Industries
UFPI
$5.19B
$749K 0.26%
13,263
-4,306
-25% -$243K
TKR icon
138
Timken Company
TKR
$9.03B
$747K 0.26%
+13,782
New +$711K
VST icon
139
Vistra
VST
$47.4B
$735K 0.26%
38,945
-6,001
-13% -$113K
HRB icon
140
H&R Block
HRB
$5.86B
$729K 0.25%
44,755
+3,559
+9% +$52.3K
ODFL icon
141
Old Dominion Freight Line
ODFL
$44.9B
$729K 0.25%
8,056
+3,448
+75% +$324K
DY icon
142
Dycom Industries
DY
$12.3B
$723K 0.25%
+13,683
New +$663K
MDU icon
143
MDU Resources
MDU
$4.32B
$714K 0.25%
83,462
-21,594
-21% -$185K
LSTR icon
144
Landstar System
LSTR
$6.21B
$713K 0.25%
5,680
-869
-13% -$109K
V icon
145
Visa
V
$677B
$713K 0.25%
3,565
-91
-2% -$18.2K
FIX icon
146
Comfort Systems
FIX
$59.6B
$702K 0.24%
+13,620
New +$661K
MTH icon
147
Meritage Homes
MTH
$4.86B
$698K 0.24%
+12,652
New +$606K
VMW
148
DELISTED
VMware, Inc
VMW
$690K 0.24%
4,800
-94
-2% -$13.4K
ACGL icon
149
Arch Capital
ACGL
$33.6B
$688K 0.24%
+23,523
New +$717K
TPH
150
DELISTED
Tri Pointe Homes
TPH
$688K 0.24%
+37,906
New +$641K
4 5
6
7 8

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Convergence Investment Partners's Q3 2020 Portfolio in Review

As of Q3 2020, Convergence Investment Partners held 280 positions worth $287M, down 1.2% from $291M the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Convergence Investment Partners withdrew a net $16.8M in Q3 2020, closing 51 positions and reducing 113 holdings. Its most notable exit was Goldman Sachs, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in Bank of New York Mellon worth $1.85M.

  • Convergence Investment Partners's largest Q3 2020 buy was Bank of New York Mellon: 53,779 shares worth $1.85M.
  • Convergence Investment Partners added most to Pfizer in Q3 2020, an estimated $2.29M increase.
  • Convergence Investment Partners's biggest Q3 2020 reduction was Cencora, cutting an estimated $2.77M.
  • Convergence Investment Partners fully exited Goldman Sachs in Q3 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 17% of its $287M portfolio in Q3 2020.
  • Convergence Investment Partners opened 70 new positions and closed 51 in Q3 2020.
  • Convergence Investment Partners's portfolio value fell 1.2% quarter-over-quarter to $287M.

Based on Convergence Investment Partners's 13F filing for Q3 2020, filed 28 Oct 2020.