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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
+9.54%
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
$287M
AUM Growth
-$3.42M
(-1.2%)
Cap. Flow
-$16.8M
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
17.3%
Holding
280
New
70
Increased
46
Reduced
113
Closed
51
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$2.29M |
| 2 |
Texas Instruments
TXN
|
+$2.17M |
| 3 |
BNY
Bank of New York Mellon
BNY
|
+$1.96M |
| 4 |
Mid-America Apartment Communities
MAA
|
+$1.61M |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$1.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cencora
COR
|
+$2.77M |
| 2 |
Goldman Sachs
GS
|
+$1.9M |
| 3 |
Qualcomm
QCOM
|
+$1.68M |
| 4 |
Apple
AAPL
|
+$1.59M |
| 5 |
NVIDIA
NVDA
|
+$1.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.41% |
| 2 | Healthcare | 14.87% |
| 3 | Financials | 14.21% |
| 4 | Consumer Discretionary | 11.47% |
| 5 | Industrials | 9.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Pultegroup
PHM
$25.3B
| $685K | 0.24% |
+14,801
| New | +$633K |
|
152
Southwest Gas
SWX
$6.67B
| $677K | 0.24% |
+10,736
| New | +$718K |
|
|
COOP
153
DELISTED
Mr. Cooper
COOP
| $676K | 0.24% |
+30,309
| New | +$523K |
|
154
Williams Companies
WMB
$86.1B
| $673K | 0.23% |
34,274
-15,496
| -31% | -$315K |
|
155
CBRE Group
CBRE
$42.9B
| $671K | 0.23% |
14,283
-1,636
| -10% | -$74.7K |
|
156
JB Hunt Transport Services
JBHT
$25.2B
| $670K | 0.23% |
+5,304
| New | +$706K |
|
|
SEE
157
DELISTED
Sealed Air
SEE
| $668K | 0.23% |
+17,220
| New | +$656K |
|
158
Weyerhaeuser
WY
$18.4B
| $667K | 0.23% |
23,373
-9,270
| -28% | -$255K |
|
159
Freeport-McMoran
FCX
$97.5B
| $663K | 0.23% |
+42,394
| New | +$612K |
|
160
Southern Copper
SCCO
$166B
| $663K | 0.23% |
+15,802
| New | +$656K |
|
161
Compass Minerals
CMP
$1.15B
| $662K | 0.23% |
+11,154
| New | +$615K |
|
162
MGIC Investment
MTG
$6.25B
| $643K | 0.22% |
+72,594
| New | +$619K |
|
163
Domino's
DPZ
$11.6B
| $640K | 0.22% |
1,506
-250
| -14% | -$99.5K |
|
|
164
NVIDIA
NVDA
$5.42T
| $636K | 0.22% |
47,000
-135,520
| -74% | -$1.58M |
|
165
Brinker International
EAT
$9.66B
| $635K | 0.22% |
+14,860
| New | +$518K |
|
166
Brighthouse Financial
BHF
$3.5B
| $632K | 0.22% |
+23,469
| New | +$682K |
|
167
KB Home
KBH
$3.59B
| $631K | 0.22% |
+16,443
| New | +$575K |
|
|
EFOR
168
Everforth Inc
EFOR
$1.32B
| $620K | 0.22% |
9,760
+820
| +9% | +$56.4K |
|
169
Insperity
NSP
$2.01B
| $611K | 0.21% |
+9,332
| New | +$622K |
|
|
RDFN
170
DELISTED
Redfin
RDFN
| $606K | 0.21% |
+12,137
| New | +$537K |
|
171
Mastercard
MA
$493B
| $600K | 0.21% |
1,774
-4,312
| -71% | -$1.4M |
|
172
Nucor
NUE
$62.1B
| $600K | 0.21% |
+13,374
| New | +$592K |
|
|
IPG
173
DELISTED
Interpublic Group of Companies
IPG
| $598K | 0.21% |
35,889
-3,539
| -9% | -$63.1K |
|
174
Louisiana-Pacific
LPX
$5.49B
| $585K | 0.2% |
+19,828
| New | +$609K |
|
175
Americold
COLD
$4.27B
| $582K | 0.2% |
16,276
-3,666
| -18% | -$139K |
|
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Convergence Investment Partners's Q3 2020 Portfolio in Review
As of Q3 2020, Convergence Investment Partners held 280 positions worth $287M, down 1.2% from $291M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Convergence Investment Partners withdrew a net $16.8M in Q3 2020, closing 51 positions and reducing 113 holdings. Its most notable exit was Goldman Sachs, an estimated $1.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in Bank of New York Mellon worth $1.85M.
- Convergence Investment Partners's largest Q3 2020 buy was Bank of New York Mellon: 53,779 shares worth $1.85M.
- Convergence Investment Partners added most to Pfizer in Q3 2020, an estimated $2.29M increase.
- Convergence Investment Partners's biggest Q3 2020 reduction was Cencora, cutting an estimated $2.77M.
- Convergence Investment Partners fully exited Goldman Sachs in Q3 2020, selling an estimated $1.9M.
- Convergence Investment Partners's ten largest holdings make up 17% of its $287M portfolio in Q3 2020.
- Convergence Investment Partners opened 70 new positions and closed 51 in Q3 2020.
- Convergence Investment Partners's portfolio value fell 1.2% quarter-over-quarter to $287M.
Based on Convergence Investment Partners's 13F filing for Q3 2020, filed 28 Oct 2020.