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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RGA icon
151
Reinsurance Group of America
RGA
$15.5B
$1.69M 0.25%
+15,651
New +$1.6M
IQV icon
152
IQVIA
IQV
$38.3B
$1.67M 0.25%
20,633
-22,617
-52% -$1.71M
SWBI icon
153
Smith & Wesson
SWBI
$651M
$1.67M 0.25%
81,862
-31,404
-28% -$687K
TGT icon
154
Target
TGT
$66.8B
$1.66M 0.24%
24,098
-49,615
-67% -$3.56M
UIS icon
155
Unisys
UIS
$210M
$1.65M 0.24%
+169,405
New +$1.57M
URI icon
156
United Rentals
URI
$72.4B
$1.63M 0.24%
20,796
+17,438
+519% +$1.34M
NXTM
157
DELISTED
NxStage Medical Inc.
NXTM
$1.63M 0.24%
65,215
+44,545
+216% +$1.04M
LXP icon
158
LXP Industrial Trust
LXP
$3.57B
$1.63M 0.24%
+31,630
New +$1.67M
MOG.A icon
159
Moog Inc Class A
MOG.A
$13B
$1.62M 0.24%
27,280
-19,951
-42% -$1.14M
NSP icon
160
Insperity
NSP
$1.96B
$1.62M 0.24%
+44,698
New +$1.6M
SJM icon
161
J.M. Smucker
SJM
$12.7B
$1.6M 0.24%
+11,800
New +$1.73M
AKS
162
DELISTED
AK Steel Holding Corp
AKS
$1.59M 0.23%
+328,465
New +$1.67M
QUAD icon
163
Quad
QUAD
$515M
$1.57M 0.23%
+58,655
New +$1.56M
ELNK
164
DELISTED
EarthLink Holdings Corp.
ELNK
$1.56M 0.23%
252,045
-23,605
-9% -$153K
NHI icon
165
National Health Investors
NHI
$3.65B
$1.56M 0.23%
+19,892
New +$1.56M
KELYA icon
166
Kelly Services Class A
KELYA
$542M
$1.56M 0.23%
+80,975
New +$1.58M
MASI
167
DELISTED
Masimo
MASI
$1.55M 0.23%
+26,115
New +$1.47M
EBS icon
168
Emergent Biosolutions
EBS
$272M
$1.55M 0.23%
+49,167
New +$1.43M
HAIN icon
169
Hain Celestial
HAIN
$53.5M
$1.54M 0.23%
+43,390
New +$1.9M
UNM icon
170
Unum
UNM
$14.2B
$1.53M 0.23%
43,378
-17,875
-29% -$605K
MPC icon
171
Marathon Petroleum
MPC
$84B
$1.53M 0.23%
+37,664
New +$1.53M
ALLY icon
172
Ally Financial
ALLY
$13.4B
$1.53M 0.23%
+78,486
New +$1.46M
ESRX
173
DELISTED
Express Scripts Holding Company
ESRX
$1.5M 0.22%
21,288
-23,596
-53% -$1.76M
BOBE
174
DELISTED
Bob Evans Farms, Inc.
BOBE
$1.5M 0.22%
39,179
+5,085
+15% +$192K
OFIX icon
175
Orthofix Medical
OFIX
$432M
$1.5M 0.22%
+35,050
New +$1.56M
5 6
7
8 9

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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.