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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
+2.2%
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
$840M
AUM Growth
-$50.9M
(-5.7%)
Cap. Flow
-$65M
Cap. Flow
% of AUM
-7.73%
Top 10 Holdings %
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MENT
Mentor Graphics Corp
MENT
|
+$6.15M |
| 2 |
Verizon
VZ
|
+$6.08M |
| 3 |
Leidos
LDOS
|
+$5.76M |
| 4 |
Warner Bros
WBD
|
+$5.02M |
| 5 |
American Express
AXP
|
+$4.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$9.73M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$9.71M |
| 3 |
Comcast
CMCSA
|
+$7.57M |
| 4 |
IBM
IBM
|
+$7.27M |
| 5 |
Community Health Systems
CYH
|
+$5.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.13% |
| 2 | Technology | 14.49% |
| 3 | Industrials | 11.97% |
| 4 | Healthcare | 11.15% |
| 5 | Consumer Staples | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Voya Financial
VOYA
$9.16B
| $1.96M | 0.23% |
65,778
-6,121
| -9% | -$185K |
|
152
CubeSmart
CUBE
$9.43B
| $1.93M | 0.23% |
+57,960
| New | +$1.78M |
|
|
WEB
153
DELISTED
Web.com Group, Inc.
WEB
| $1.93M | 0.23% |
97,170
-3,026
| -3% | -$55.3K |
|
|
INSY
154
DELISTED
Insys Therapeutics, Inc.
INSY
| $1.92M | 0.23% |
+120,251
| New | +$2.28M |
|
155
Myriad Genetics
MYGN
$307M
| $1.92M | 0.23% |
51,186
-74,978
| -59% | -$2.83M |
|
156
Entergy
ETR
$50.4B
| $1.9M | 0.23% |
48,000
+232
| +0.5% | +$8.42K |
|
|
HW
157
DELISTED
Headwaters Inc
HW
| $1.89M | 0.22% |
+95,166
| New | +$1.6M |
|
158
CenterPoint Energy
CNP
$27B
| $1.88M | 0.22% |
89,849
-146,285
| -62% | -$2.76M |
|
159
Jazz Pharmaceuticals
JAZZ
$16.7B
| $1.86M | 0.22% |
14,253
+4,564
| +47% | +$568K |
|
160
Tanger
SKT
$4.52B
| $1.86M | 0.22% |
51,010
-85,660
| -63% | -$2.82M |
|
|
PIR
161
DELISTED
Pier 1 Imports, Inc.
PIR
| $1.85M | 0.22% |
+13,202
| New | +$1.35M |
|
162
Photronics
PLAB
$1.94B
| $1.83M | 0.22% |
175,966
-70,410
| -29% | -$760K |
|
163
Huntington Bancshares
HBAN
$35.2B
| $1.82M | 0.22% |
+190,320
| New | +$1.76M |
|
164
Intercontinental Exchange
ICE
$85.3B
| $1.81M | 0.22% |
+38,495
| New | +$1.87M |
|
|
MGLN
165
DELISTED
Magellan Health Services, Inc.
MGLN
| $1.79M | 0.21% |
+26,429
| New | +$1.59M |
|
166
TriCo Bancshares
TCBK
$1.84B
| $1.79M | 0.21% |
70,729
+11,563
| +20% | +$293K |
|
167
Southwest Airlines
LUV
$22.9B
| $1.78M | 0.21% |
39,715
-54,970
| -58% | -$2.24M |
|
|
EVER
168
DELISTED
Everbank Financial Corp
EVER
| $1.78M | 0.21% |
+117,731
| New | +$1.64M |
|
|
USG
169
DELISTED
Usg
USG
| $1.77M | 0.21% |
+71,443
| New | +$1.48M |
|
170
MillerKnoll
MLKN
$1.65B
| $1.77M | 0.21% |
57,171
-48,933
| -46% | -$1.3M |
|
|
SYKE
171
DELISTED
SYKES Enterprises Inc
SYKE
| $1.75M | 0.21% |
58,087
-12,435
| -18% | -$363K |
|
172
Synaptics
SYNA
$4.14B
| $1.75M | 0.21% |
+21,974
| New | +$1.67M |
|
|
BGG
173
DELISTED
Briggs & Stratton Corp.
BGG
| $1.73M | 0.21% |
+72,512
| New | +$1.5M |
|
174
LKQ Corp
LKQ
$6.17B
| $1.73M | 0.21% |
54,282
-76,700
| -59% | -$2.14M |
|
175
Eaton
ETN
$174B
| $1.72M | 0.2% |
27,425
+11,131
| +68% | +$615K |
|
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Convergence Investment Partners's Q1 2016 Portfolio in Review
As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.
- Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
- Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
- Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
- Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
- Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
- Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
- Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.
Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.