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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
+15.9%
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
$199M
AUM Growth
-$88.9M
(-31%)
Cap. Flow
-$116M
Cap. Flow
% of AUM
-58.64%
Top 10 Holdings %
Top 10 Hldgs %
20.28%
Holding
292
New
63
Increased
46
Reduced
118
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$1.96M |
| 2 |
KeyCorp
KEY
|
+$1.5M |
| 3 |
United Parcel Service
UPS
|
+$1.44M |
| 4 |
BorgWarner
BWA
|
+$1.03M |
| 5 |
Synchrony
SYF
|
+$1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$2M |
| 2 |
US Bancorp
USB
|
+$1.83M |
| 3 |
Lowe's Companies
LOW
|
+$1.74M |
| 4 |
AbbVie
ABBV
|
+$1.74M |
| 5 |
Marathon Petroleum
MPC
|
+$1.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.58% |
| 2 | Financials | 16.95% |
| 3 | Healthcare | 12.33% |
| 4 | Consumer Discretionary | 11.23% |
| 5 | Communication Services | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Trimble
TRMB
$13.9B
| $248K | 0.12% |
+3,718
| New | +$213K |
|
|
152
US Bancorp
USB
$99.6B
| $244K | 0.12% |
5,237
-43,250
| -89% | -$1.83M |
|
153
Yelp
YELP
$1.41B
| $243K | 0.12% |
+7,427
| New | +$195K |
|
154
Interactive Brokers
IBKR
$39.8B
| $242K | 0.12% |
15,872
-70,152
| -82% | -$929K |
|
155
PNC Financial Services
PNC
$101B
| $242K | 0.12% |
+1,627
| New | +$208K |
|
156
Artisan Partners
APAM
$3.02B
| $239K | 0.12% |
4,741
-20,897
| -82% | -$950K |
|
|
HOLX
157
DELISTED
Hologic
HOLX
| $239K | 0.12% |
3,280
-11,878
| -78% | -$838K |
|
158
Micron Technology
MU
$991B
| $237K | 0.12% |
+3,158
| New | +$190K |
|
159
Blackrock
BLK
$176B
| $234K | 0.12% |
+324
| New | +$215K |
|
160
Booking.com
BKNG
$161B
| $232K | 0.12% |
+2,600
| New | +$201K |
|
|
ACH
161
Accendra Health
ACH
$214M
| $232K | 0.12% |
+8,589
| New | +$221K |
|
162
Advanced Micro Devices
AMD
$789B
| $229K | 0.12% |
2,496
+49
| +2% | +$4.23K |
|
|
SCHW
163
Charles Schwab
SCHW
$187B
| $229K | 0.12% |
+4,318
| New | +$195K |
|
164
Tenet Healthcare
THC
$21.1B
| $227K | 0.11% |
+5,694
| New | +$184K |
|
165
Pilgrim's Pride
PPC
$6.54B
| $225K | 0.11% |
+11,493
| New | +$208K |
|
166
Trade Desk
TTD
$6.49B
| $225K | 0.11% |
+2,810
| New | +$212K |
|
167
Philip Morris
PM
$295B
| $224K | 0.11% |
+2,704
| New | +$211K |
|
168
Cencora
COR
$61.2B
| $222K | 0.11% |
2,269
+1
| +0% | +$100 |
|
169
Dropbox
DBX
$8.12B
| $222K | 0.11% |
9,982
-52,797
| -84% | -$1.08M |
|
170
TJX Companies
TJX
$178B
| $222K | 0.11% |
+3,258
| New | +$198K |
|
171
Macy's
M
$6.68B
| $220K | 0.11% |
+19,525
| New | +$167K |
|
172
American International
AIG
$41.3B
| $216K | 0.11% |
+5,704
| New | +$201K |
|
173
Lam Research
LRCX
$390B
| $216K | 0.11% |
+4,570
| New | +$192K |
|
174
HP
HPQ
$27.5B
| $213K | 0.11% |
+8,680
| New | +$182K |
|
175
Mondelez International
MDLZ
$79.9B
| $213K | 0.11% |
3,645
+47
| +1% | +$2.69K |
|
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Convergence Investment Partners's Q4 2020 Portfolio in Review
As of Q4 2020, Convergence Investment Partners held 292 positions worth $199M, down 31% from $287M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $116M in Q4 2020, closing 65 positions and reducing 118 holdings. Its most notable exit was Marathon Petroleum, an estimated $1.71M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Goldman Sachs worth $2.33M.
- Convergence Investment Partners's largest Q4 2020 buy was Goldman Sachs: 8,825 shares worth $2.33M.
- Convergence Investment Partners added most to United Parcel Service in Q4 2020, an estimated $1.44M increase.
- Convergence Investment Partners's biggest Q4 2020 reduction was Gilead Sciences, cutting an estimated $2M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q4 2020, selling an estimated $1.71M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $199M portfolio in Q4 2020.
- Convergence Investment Partners opened 63 new positions and closed 65 in Q4 2020.
- Convergence Investment Partners's portfolio value fell 31% quarter-over-quarter to $199M.
Based on Convergence Investment Partners's 13F filing for Q4 2020, filed 5 Feb 2021.