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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
+2.92%
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
$359M
AUM Growth
-$54.9M
Cap. Flow
-$60.4M
Cap. Flow %
-16.81%
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88

Top Buys

Rank Stock Value
1
SO icon
Southern Company
SO
+$2.55M
2
IPG
Interpublic Group of Companies
IPG
+$2.43M
3
DUK icon
Duke Energy
DUK
+$2.37M
4
T icon
AT&T
T
+$2.36M
5
MDT icon
Medtronic
MDT
+$2.1M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$4.68M
2
VZ icon
Verizon
VZ
+$3.21M
3
CMCSA icon
Comcast
CMCSA
+$3.15M
4
AVB icon
AvalonBay Communities
AVB
+$2.59M
5
UNP icon
Union Pacific
UNP
+$2.52M

Sector Composition

Rank Sector Weight
1 Technology 16.97%
2 Financials 16.77%
3 Healthcare 12.46%
4 Industrials 10.79%
5 Consumer Staples 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVNT icon
151
Avient
AVNT
$4.19B
$943K 0.26%
+28,875
New +$916K
LAUR icon
152
Laureate Education
LAUR
$5.28B
$942K 0.26%
+56,834
New +$955K
UNF icon
153
Unifirst Corp
UNF
$5.25B
$932K 0.26%
+4,776
New +$925K
VMC icon
154
Vulcan Materials
VMC
$36.9B
$928K 0.26%
6,136
+1,529
+33% +$216K
F icon
155
Ford
F
$55.7B
$925K 0.26%
100,990
-16,576
-14% -$157K
JNJ icon
156
Johnson & Johnson
JNJ
$625B
$877K 0.24%
6,780
-47
-0.7% -$6.19K
SYY icon
157
Sysco
SYY
$40.3B
$870K 0.24%
10,954
+417
+4% +$30.6K
WOR icon
158
Worthington Enterprises
WOR
$2.86B
$865K 0.24%
38,917
+10,756
+38% +$249K
BALL icon
159
Ball Corp
BALL
$16.8B
$852K 0.24%
11,695
-5,136
-31% -$383K
RPM icon
160
RPM International
RPM
$15B
$847K 0.24%
+12,311
New +$815K
SMG icon
161
ScottsMiracle-Gro
SMG
$3.66B
$846K 0.24%
+8,305
New +$870K
GM icon
162
General Motors
GM
$76.8B
$843K 0.23%
22,481
-3,953
-15% -$152K
NEU icon
163
NewMarket
NEU
$8.18B
$835K 0.23%
1,768
-33
-2% -$14.7K
BAH icon
164
Booz Allen Hamilton
BAH
$9.15B
$823K 0.23%
+11,583
New +$820K
BKU icon
165
Bankunited
BKU
$3.36B
$819K 0.23%
+24,351
New +$795K
EXPD icon
166
Expeditors International
EXPD
$23.2B
$806K 0.22%
+10,844
New +$794K
CIT
167
DELISTED
CIT Group Inc.
CIT
$804K 0.22%
+17,747
New +$827K
HTH icon
168
Hilltop Holdings
HTH
$2.24B
$787K 0.22%
+32,955
New +$756K
FHN icon
169
First Horizon
FHN
$12.1B
$752K 0.21%
+46,407
New +$733K
CHRW icon
170
C.H. Robinson
CHRW
$17.5B
$724K 0.2%
+8,536
New +$717K
MAN icon
171
ManpowerGroup
MAN
$2.63B
$694K 0.19%
8,241
-2,870
-26% -$250K
V icon
172
Visa
V
$677B
$648K 0.18%
3,765
-143
-4% -$25.5K
CSGP icon
173
CoStar Group
CSGP
$12.3B
$647K 0.18%
+10,900
New +$652K
GNTX icon
174
Gentex
GNTX
$5.07B
$644K 0.18%
+23,392
New +$618K
UNH icon
175
UnitedHealth
UNH
$370B
$639K 0.18%
2,939
+125
+4% +$30.2K
5 6
7
8 9

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Convergence Investment Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.

  • Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
  • Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
  • Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
  • Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
  • Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
  • Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
  • Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.

Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.