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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
+9.38%
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
$352M
AUM Growth
-$7.27M
(-2%)
Cap. Flow
-$33.5M
Cap. Flow
% of AUM
-9.51%
Top 10 Holdings %
Top 10 Hldgs %
17.35%
Holding
345
New
51
Increased
46
Reduced
123
Closed
123
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Travel + Leisure Co
TNL
|
+$2.66M |
| 2 |
General Mills
GIS
|
+$2.22M |
| 3 |
Whirlpool
WHR
|
+$2.13M |
| 4 |
LyondellBasell Industries
LYB
|
+$1.7M |
| 5 |
Meta Platforms (Facebook)
META
|
+$1.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$2.48M |
| 2 |
GRMN
Garmin
GRMN
|
+$2.2M |
| 3 |
PDM
Piedmont Realty Trust
PDM
|
+$1.9M |
| 4 |
IPG
Interpublic Group of Companies
IPG
|
+$1.55M |
| 5 |
Manhattan Associates
MANH
|
+$1.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.41% |
| 2 | Technology | 16.67% |
| 3 | Healthcare | 13.01% |
| 4 | Consumer Discretionary | 9.23% |
| 5 | Industrials | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Sunstone Hotel Investors
SHO
$2.06B
| $864K | 0.25% |
62,058
-14,916
| -19% | -$207K |
|
152
Group 1 Automotive
GPI
$3.18B
| $863K | 0.25% |
+8,631
| New | +$852K |
|
153
AvalonBay Communities
AVB
$26.8B
| $858K | 0.24% |
+4,093
| New | +$877K |
|
154
UnitedHealth
UNH
$370B
| $858K | 0.24% |
2,919
-20
| -0.7% | -$5.23K |
|
155
Celanese
CE
$4.82B
| $853K | 0.24% |
+6,928
| New | +$853K |
|
156
First Industrial Realty Trust
FR
$8.44B
| $853K | 0.24% |
20,550
+16,609
| +421% | +$685K |
|
157
KeyCorp
KEY
$24.4B
| $852K | 0.24% |
+42,083
| New | +$794K |
|
|
XHR
158
Xenia Hotels & Resorts
XHR
$1.79B
| $852K | 0.24% |
+39,423
| New | +$833K |
|
159
LXP Industrial Trust
LXP
$3.57B
| $845K | 0.24% |
+15,907
| New | +$851K |
|
160
Crown Holdings
CCK
$13.1B
| $833K | 0.24% |
11,479
+5,389
| +88% | +$384K |
|
|
LSI
161
DELISTED
Life Storage, Inc.
LSI
| $832K | 0.24% |
+11,522
| New | +$823K |
|
162
Pultegroup
PHM
$25.3B
| $830K | 0.24% |
+21,386
| New | +$831K |
|
|
WRI
163
DELISTED
Weingarten Realty Investors
WRI
| $825K | 0.23% |
+26,421
| New | +$808K |
|
|
PSB
164
DELISTED
PS Business Parks, Inc.
PSB
| $813K | 0.23% |
4,930
-1,250
| -20% | -$220K |
|
165
Synaptics
SYNA
$4.15B
| $791K | 0.22% |
+12,029
| New | +$634K |
|
166
Zions Bancorporation
ZION
$10.3B
| $790K | 0.22% |
15,213
+10,023
| +193% | +$487K |
|
167
Meritage Homes
MTH
$4.86B
| $770K | 0.22% |
25,208
-4,868
| -16% | -$167K |
|
168
Cimpress
CMPR
$2.31B
| $743K | 0.21% |
+5,908
| New | +$768K |
|
169
TransUnion
TRU
$15.3B
| $734K | 0.21% |
+8,572
| New | +$714K |
|
170
Tetra Tech
TTEK
$9.07B
| $734K | 0.21% |
42,610
-12,260
| -22% | -$212K |
|
171
MGIC Investment
MTG
$6.25B
| $726K | 0.21% |
51,212
+37,744
| +280% | +$523K |
|
172
Radian Group
RDN
$4.91B
| $722K | 0.21% |
28,708
+21,094
| +277% | +$524K |
|
173
ManpowerGroup
MAN
$2.63B
| $710K | 0.2% |
7,307
-934
| -11% | -$85.5K |
|
174
BorgWarner
BWA
$13.9B
| $704K | 0.2% |
+18,444
| New | +$676K |
|
175
LCI Industries
LCII
$2.65B
| $692K | 0.2% |
+6,457
| New | +$654K |
|
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Convergence Investment Partners's Q4 2019 Portfolio in Review
As of Q4 2019, Convergence Investment Partners held 345 positions worth $352M, down 2% from $359M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Convergence Investment Partners withdrew a net $33.5M in Q4 2019, closing 123 positions and reducing 123 holdings. Its most notable exit was Garmin, an estimated $2.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Travel + Leisure Co worth $2.88M.
- Convergence Investment Partners's largest Q4 2019 buy was Travel + Leisure Co: 55,656 shares worth $2.88M.
- Convergence Investment Partners added most to Meta Platforms (Facebook) in Q4 2019, an estimated $1.62M increase.
- Convergence Investment Partners's biggest Q4 2019 reduction was Starbucks, cutting an estimated $2.48M.
- Convergence Investment Partners fully exited Garmin in Q4 2019, selling an estimated $2.2M.
- Convergence Investment Partners's ten largest holdings make up 17% of its $352M portfolio in Q4 2019.
- Convergence Investment Partners opened 51 new positions and closed 123 in Q4 2019.
- Convergence Investment Partners's portfolio value fell 2% quarter-over-quarter to $352M.
Based on Convergence Investment Partners's 13F filing for Q4 2019, filed 22 Jan 2020.