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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
+8.78%
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
$491M
AUM Growth
-$226M
(-32%)
Cap. Flow
-$269M
Cap. Flow
% of AUM
-54.91%
Top 10 Holdings %
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$3.53M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$3.41M |
| 3 |
Host Hotels & Resorts
HST
|
+$2.75M |
| 4 |
CLGX
Corelogic, Inc.
CLGX
|
+$2.67M |
| 5 |
Qualcomm
QCOM
|
+$2.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$7.05M |
| 2 |
CA
CA, Inc.
CA
|
+$6.83M |
| 3 |
AT&T
T
|
+$6.52M |
| 4 |
Caterpillar
CAT
|
+$5.37M |
| 5 |
General Mills
GIS
|
+$5.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.23% |
| 2 | Technology | 15.94% |
| 3 | Healthcare | 14.51% |
| 4 | Industrials | 12.11% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Travel + Leisure Co
TNL
$4.7B
| $1.13M | 0.23% |
26,088
+10,057
| +63% | +$446K |
|
152
Unum
UNM
$14.3B
| $1.12M | 0.23% |
+28,746
| New | +$1.07M |
|
153
Lear
LEA
$8.18B
| $1.11M | 0.23% |
7,681
-4,004
| -34% | -$686K |
|
154
Citizens Financial Group
CFG
$30.6B
| $1.1M | 0.22% |
28,425
-16,991
| -37% | -$685K |
|
155
Huntington Bancshares
HBAN
$35.5B
| $1.08M | 0.22% |
+72,581
| New | +$1.13M |
|
156
Pultegroup
PHM
$25.3B
| $1.06M | 0.22% |
42,712
+5,096
| +14% | +$144K |
|
157
Encompass Health
EHC
$12.4B
| $1.02M | 0.21% |
+16,437
| New | +$1,000K |
|
|
XHR
158
Xenia Hotels & Resorts
XHR
$1.79B
| $1.01M | 0.21% |
42,563
-40,501
| -49% | -$978K |
|
159
Berkshire Hathaway Class B
BRK.B
$1.13T
| $973K | 0.2% |
4,543
+193
| +4% | +$39.6K |
|
160
Acushnet Holdings
GOLF
$5.45B
| $922K | 0.19% |
33,629
-73,447
| -69% | -$1.91M |
|
161
Adobe
ADBE
$105B
| $921K | 0.19% |
3,411
+484
| +17% | +$125K |
|
162
Alphabet (Google) Class A
GOOGL
$4.33T
| $865K | 0.18% |
14,340
+940
| +7% | +$56.9K |
|
163
United Therapeutics
UTHR
$23.1B
| $864K | 0.18% |
6,754
+2,294
| +51% | +$284K |
|
164
ManpowerGroup
MAN
$2.63B
| $860K | 0.18% |
+10,000
| New | +$890K |
|
165
Eli Lilly
LLY
$1.06T
| $849K | 0.17% |
7,915
-40,771
| -84% | -$4.08M |
|
166
Unisys
UIS
$217M
| $830K | 0.17% |
40,663
-66,326
| -62% | -$1.09M |
|
167
Johnson & Johnson
JNJ
$625B
| $824K | 0.17% |
5,961
+1,089
| +22% | +$145K |
|
168
Allstate
ALL
$67.5B
| $786K | 0.16% |
+7,966
| New | +$777K |
|
169
Medpace
MEDP
$16.5B
| $763K | 0.16% |
12,734
-676
| -5% | -$37K |
|
170
Humana
HUM
$46.2B
| $743K | 0.15% |
2,196
-10,444
| -83% | -$3.39M |
|
|
TCF
171
DELISTED
TCF Financial Corporation
TCF
| $743K | 0.15% |
31,212
-68,680
| -69% | -$1.74M |
|
|
ANAT
172
DELISTED
American National Group, Inc. Common Stock
ANAT
| $740K | 0.15% |
5,725
-22,607
| -80% | -$2.89M |
|
173
Goldman Sachs
GS
$303B
| $739K | 0.15% |
+3,295
| New | +$766K |
|
174
Tyson Foods
TSN
$20.4B
| $737K | 0.15% |
12,374
-32,226
| -72% | -$2.02M |
|
175
Zions Bancorporation
ZION
$10.3B
| $737K | 0.15% |
14,689
-32,259
| -69% | -$1.7M |
|
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Convergence Investment Partners's Q3 2018 Portfolio in Review
As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M 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 Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.
- Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
- Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
- Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
- Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
- Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
- Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.
Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.