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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
-20.74%
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
$229M
AUM Growth
-$123M
Cap. Flow
-$50.6M
Cap. Flow %
-22.12%
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$2.37M
2
GS icon
Goldman Sachs
GS
+$2.18M
3
MPC icon
Marathon Petroleum
MPC
+$1.66M
4
GM icon
General Motors
GM
+$1.46M
5
CFG icon
Citizens Financial Group
CFG
+$1.26M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.47M
2
PFE icon
Pfizer
PFE
+$2.04M
3
FITB
Fifth Third Bancorp
FITB
+$1.9M
4
NEE icon
NextEra Energy
NEE
+$1.86M
5
DFS
Discover Financial Services
DFS
+$1.82M

Sector Composition

Rank Sector Weight
1 Technology 18.8%
2 Healthcare 16.5%
3 Financials 14.66%
4 Communication Services 9.42%
5 Consumer Staples 9.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JLL icon
151
Jones Lang LaSalle
JLL
$16.7B
$499K 0.22%
4,939
-333
-6% -$50K
NSC icon
152
Norfolk Southern
NSC
$75.1B
$499K 0.22%
+3,416
New +$631K
DAL icon
153
Delta Air Lines
DAL
$60.1B
$498K 0.22%
17,453
-15,976
-48% -$792K
RS icon
154
Reliance Steel & Aluminium
RS
$21.6B
$493K 0.22%
5,630
-1,913
-25% -$204K
DPZ icon
155
Domino's
DPZ
$11.6B
$491K 0.21%
+1,514
New +$467K
WW
156
DELISTED
WW International
WW
$489K 0.21%
+28,907
New +$899K
CCK icon
157
Crown Holdings
CCK
$13.1B
$488K 0.21%
8,402
-3,077
-27% -$214K
EQC
158
DELISTED
Equity Commonwealth
EQC
$476K 0.21%
+15,018
New +$481K
PNC icon
159
PNC Financial Services
PNC
$101B
$471K 0.21%
4,918
+3,590
+270% +$482K
WM icon
160
Waste Management
WM
$91B
$458K 0.2%
+4,943
New +$567K
SRCL
161
DELISTED
Stericycle Inc
SRCL
$457K 0.2%
+9,403
New +$554K
PPG icon
162
PPG Industries
PPG
$26.6B
$455K 0.2%
5,440
+2,331
+75% +$259K
SGI
163
Somnigroup International
SGI
$13.7B
$436K 0.19%
39,884
-2,068
-5% -$39.3K
ESI icon
164
Element Solutions
ESI
$9.23B
$433K 0.19%
+51,835
New +$551K
HRB icon
165
H&R Block
HRB
$5.86B
$425K 0.19%
30,186
-6,823
-18% -$143K
OMF icon
166
OneMain Financial
OMF
$7.47B
$425K 0.19%
22,250
-3,808
-15% -$142K
IRBT
167
DELISTED
iRobot
IRBT
$424K 0.19%
+10,367
New +$497K
IOSP icon
168
Innospec
IOSP
$2.28B
$423K 0.19%
6,086
-2,357
-28% -$215K
WEN icon
169
Wendy's
WEN
$1.46B
$421K 0.18%
+28,266
New +$556K
BLDR icon
170
Builders FirstSource
BLDR
$8.04B
$418K 0.18%
34,218
-7,481
-18% -$169K
PHM icon
171
Pultegroup
PHM
$25.3B
$418K 0.18%
18,715
-2,671
-12% -$103K
HUBG icon
172
HUB Group
HUBG
$2.92B
$413K 0.18%
+18,148
New +$455K
AVY icon
173
Avery Dennison
AVY
$13.4B
$412K 0.18%
+4,042
New +$496K
PEP icon
174
PepsiCo
PEP
$190B
$408K 0.18%
3,401
-181
-5% -$24.5K
CMCSA icon
175
Comcast
CMCSA
$90B
$406K 0.18%
11,804
-654
-5% -$27.6K
5 6
7
8 9

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Convergence Investment Partners's Q1 2020 Portfolio in Review

As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.

  • Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
  • Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
  • Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
  • Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
  • Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
  • Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.

Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.