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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
+1.19%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$727M
AUM Growth
-$114M
(-14%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Community Health Systems
CYH
|
+$5.1M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$5.07M |
| 3 |
ON Semiconductor
ON
|
+$4.6M |
| 4 |
Zions Bancorporation
ZION
|
+$4.4M |
| 5 |
PDM
Piedmont Realty Trust
PDM
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$7.52M |
| 2 |
Coty
COTY
|
+$5.41M |
| 3 |
ONE Gas
OGS
|
+$5.34M |
| 4 |
Honeywell
HON
|
+$5.3M |
| 5 |
MENT
Mentor Graphics Corp
MENT
|
+$5.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.69% |
| 2 | Technology | 13.71% |
| 3 | Industrials | 12.3% |
| 4 | Healthcare | 11.84% |
| 5 | Consumer Staples | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MENT
151
DELISTED
Mentor Graphics Corp
MENT
| $1.8M | 0.25% |
84,490
-252,602
| -75% | -$5.25M |
|
|
VMW
152
DELISTED
VMware, Inc
VMW
| $1.79M | 0.25% |
31,324
-50,759
| -62% | -$2.93M |
|
153
Mid-America Apartment Communities
MAA
$15.5B
| $1.79M | 0.25% |
16,820
+7,080
| +73% | +$711K |
|
154
Digital Realty Trust
DLR
$71.7B
| $1.77M | 0.24% |
16,259
-179
| -1% | -$17K |
|
|
ELNK
155
DELISTED
EarthLink Holdings Corp.
ELNK
| $1.76M | 0.24% |
+275,650
| New | +$1.69M |
|
156
DuPont de Nemours
DD
$19.3B
| $1.75M | 0.24% |
13,924
-20,154
| -59% | -$2.65M |
|
157
Amkor Technology
AMKR
$13.9B
| $1.75M | 0.24% |
+304,296
| New | +$1.78M |
|
158
Johnson & Johnson
JNJ
$614B
| $1.74M | 0.24% |
14,359
-11,036
| -43% | -$1.25M |
|
|
MGLN
159
DELISTED
Magellan Health Services, Inc.
MGLN
| $1.74M | 0.24% |
26,429
| – | – |
|
160
Royal Caribbean
RCL
$87.1B
| $1.74M | 0.24% |
+25,841
| New | +$1.98M |
|
161
CEVA Inc
CEVA
$1.01B
| $1.72M | 0.24% |
+63,150
| New | +$1.6M |
|
162
Ameren
AEE
$30.3B
| $1.7M | 0.23% |
+31,783
| New | +$1.56M |
|
163
Texas Roadhouse
TXRH
$13.7B
| $1.7M | 0.23% |
+37,300
| New | +$1.65M |
|
164
Clearwater Paper
CLW
$369M
| $1.7M | 0.23% |
25,968
+9,900
| +62% | +$579K |
|
|
CPHD
165
DELISTED
Cepheid Inc
CPHD
| $1.66M | 0.23% |
+53,850
| New | +$1.63M |
|
|
XHR
166
Xenia Hotels & Resorts
XHR
$1.89B
| $1.66M | 0.23% |
98,643
+59,872
| +154% | +$943K |
|
167
Arrow Electronics
ARW
$11.6B
| $1.64M | 0.23% |
+26,547
| New | +$1.69M |
|
|
IPXL
168
DELISTED
Impax Laboratories, Inc.
IPXL
| $1.64M | 0.23% |
+56,940
| New | +$1.86M |
|
169
Lexicon Pharmaceuticals
LXRX
$1.11B
| $1.64M | 0.23% |
+114,157
| New | +$1.55M |
|
|
SYNH
170
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $1.63M | 0.22% |
42,720
-48,136
| -53% | -$2.11M |
|
171
Travel + Leisure Co
TNL
$4.78B
| $1.62M | 0.22% |
+50,376
| New | +$1.61M |
|
172
Eaton
ETN
$173B
| $1.61M | 0.22% |
26,912
-513
| -2% | -$31.5K |
|
173
Huron Consulting
HURN
$2.43B
| $1.6M | 0.22% |
+26,552
| New | +$1.54M |
|
174
Warner Bros
WBD
$64.7B
| $1.6M | 0.22% |
63,562
-124,096
| -66% | -$3.39M |
|
175
TD Synnex
SNX
$21.1B
| $1.58M | 0.22% |
+33,432
| New | +$1.47M |
|
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Convergence Investment Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.
- Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
- Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
- Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
- Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
- Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.
Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.