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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
+3.92%
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
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALL icon
151
Allstate
ALL
$68B
$1.74M 0.26%
+19,724
New +$1.67M
FAF icon
152
First American
FAF
$7.66B
$1.74M 0.26%
+39,030
New +$1.65M
DVA icon
153
DaVita
DVA
$15.4B
$1.74M 0.25%
26,819
+21,724
+426% +$1.44M
DPZ icon
154
Domino's
DPZ
$11.5B
$1.74M 0.25%
8,202
+4,101
+100% +$810K
KLAC icon
155
KLA
KLAC
$239B
$1.74M 0.25%
+189,650
New +$1.89M
CMI icon
156
Cummins
CMI
$87.5B
$1.73M 0.25%
10,632
+385
+4% +$59.7K
LQ
157
DELISTED
La Quinta Holdings Inc.
LQ
$1.72M 0.25%
+116,512
New +$1.65M
XL
158
DELISTED
XL Group Ltd.
XL
$1.72M 0.25%
+39,278
New +$1.66M
PFG icon
159
Principal Financial Group
PFG
$24.3B
$1.69M 0.25%
26,351
+1,935
+8% +$123K
IP icon
160
International Paper
IP
$21.6B
$1.68M 0.25%
31,376
+2,849
+10% +$144K
HT
161
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$1.68M 0.25%
90,585
+43,460
+92% +$816K
UIS icon
162
Unisys
UIS
$209M
$1.64M 0.24%
128,061
+2,576
+2% +$31.3K
MMS icon
163
Maximus
MMS
$3.17B
$1.6M 0.23%
25,631
+11,453
+81% +$711K
DCI icon
164
Donaldson
DCI
$10.9B
$1.6M 0.23%
35,188
+13,790
+64% +$635K
ANGO icon
165
AngioDynamics
ANGO
$611M
$1.58M 0.23%
97,620
+16,550
+20% +$262K
TNL icon
166
Travel + Leisure Co
TNL
$4.66B
$1.58M 0.23%
34,804
-46,444
-57% -$2.01M
NXGN
167
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$1.58M 0.23%
+91,712
New +$1.39M
MTOR
168
DELISTED
MERITOR, Inc.
MTOR
$1.58M 0.23%
95,031
-2,340
-2% -$38.5K
INN
169
Summit Hotel Properties
INN
$746M
$1.58M 0.23%
84,498
-28,098
-25% -$490K
XHR
170
Xenia Hotels & Resorts
XHR
$1.9B
$1.58M 0.23%
81,376
+40,688
+100% +$742K
CC icon
171
Chemours
CC
$2.5B
$1.57M 0.23%
41,426
-10,829
-21% -$427K
QCOM icon
172
Qualcomm
QCOM
$155B
$1.57M 0.23%
28,420
+1,156
+4% +$64.6K
FHI icon
173
Federated Hermes
FHI
$4.55B
$1.57M 0.23%
+55,500
New +$1.48M
AMP icon
174
Ameriprise Financial
AMP
$48.3B
$1.56M 0.23%
12,275
+594
+5% +$75.4K
RCL icon
175
Royal Caribbean
RCL
$85.1B
$1.55M 0.23%
14,223
-4,553
-24% -$483K
5 6
7
8 9

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.