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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
-5.57%
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
$871M
AUM Growth
-$143M
(-14%)
Cap. Flow
-$78.6M
Cap. Flow
% of AUM
-9.02%
Top 10 Holdings %
Top 10 Hldgs %
13.99%
Holding
472
New
123
Increased
89
Reduced
119
Closed
139
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DF
Dean Foods Company
DF
|
+$8.14M |
| 2 |
Oracle
ORCL
|
+$8M |
| 3 |
CME Group
CME
|
+$6.78M |
| 4 |
LXP Industrial Trust
LXP
|
+$6.44M |
| 5 |
MDRX
Veradigm Inc. Common Stock
MDRX
|
+$6.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$14.9M |
| 2 |
Boeing
BA
|
+$9.95M |
| 3 |
Biogen
BIIB
|
+$9.78M |
| 4 |
State Street
STT
|
+$9.14M |
| 5 |
IBM
IBM
|
+$8.95M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.7% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 12.69% |
| 4 | Consumer Discretionary | 12.16% |
| 5 | Industrials | 11.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GTS
176
DELISTED
Triple-S Management Corporation
GTS
| $1.61M | 0.19% |
95,190
+3,773
| +4% | +$77.5K |
|
|
VRE
177
DELISTED
Veris Residential
VRE
| $1.6M | 0.18% |
+84,942
| New | +$1.67M |
|
178
LPL Financial
LPLA
$28.6B
| $1.6M | 0.18% |
+40,285
| New | +$1.73M |
|
|
ETFC
179
DELISTED
E*Trade Financial Corporation
ETFC
| $1.6M | 0.18% |
+60,752
| New | +$1.68M |
|
|
180
IBM
IBM
$224B
| $1.59M | 0.18% |
11,465
-60,576
| -84% | -$8.95M |
|
181
Wayfair
W
$14.6B
| $1.58M | 0.18% |
+44,970
| New | +$1.72M |
|
|
STI
182
DELISTED
SunTrust Banks, Inc.
STI
| $1.57M | 0.18% |
+40,962
| New | +$1.71M |
|
|
AAT
183
American Assets Trust
AAT
$1.4B
| $1.56M | 0.18% |
+38,306
| New | +$1.54M |
|
184
Entergy
ETR
$50B
| $1.56M | 0.18% |
47,806
-40,542
| -46% | -$1.38M |
|
185
Robert Half
RHI
$4.37B
| $1.55M | 0.18% |
30,293
-270
| -0.9% | -$14.5K |
|
186
Advanced Drainage Systems
WMS
$11B
| $1.55M | 0.18% |
53,552
-41,198
| -43% | -$1.19M |
|
187
Southwest Gas
SWX
$6.67B
| $1.53M | 0.18% |
26,272
-25,688
| -49% | -$1.42M |
|
188
Phibro Animal Health
PAHC
$1.39B
| $1.52M | 0.17% |
+48,008
| New | +$1.75M |
|
189
DuPont de Nemours
DD
$19.2B
| $1.51M | 0.17% |
14,078
-25,681
| -65% | -$2.98M |
|
190
Jazz Pharmaceuticals
JAZZ
$16.7B
| $1.51M | 0.17% |
+11,359
| New | +$1.96M |
|
191
Procter & Gamble
PG
$339B
| $1.5M | 0.17% |
20,921
-5,080
| -20% | -$381K |
|
192
Provident Financial Services
PFS
$3.19B
| $1.5M | 0.17% |
+76,690
| New | +$1.47M |
|
|
CSGS
193
DELISTED
CSG Systems International
CSGS
| $1.49M | 0.17% |
+48,274
| New | +$1.5M |
|
|
SPPI
194
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.49M | 0.17% |
+248,302
| New | +$1.72M |
|
|
GAS
195
DELISTED
AGL Resources Inc
GAS
| $1.48M | 0.17% |
24,229
-7
| -0% | -$375 |
|
|
LCI
196
DELISTED
Lannett Company, Inc.
LCI
| $1.47M | 0.17% |
8,835
-7,337
| -45% | -$1.61M |
|
|
KG
197
Kestrel Group
KG
$69M
| $1.47M | 0.17% |
5,282
+303
| +6% | +$92.9K |
|
198
Skywest
SKYW
$4.34B
| $1.46M | 0.17% |
87,382
-22,604
| -21% | -$363K |
|
199
MetLife
MET
$62.4B
| $1.46M | 0.17% |
34,668
-31,777
| -48% | -$1.48M |
|
|
ABMD
200
DELISTED
Abiomed Inc
ABMD
| $1.45M | 0.17% |
15,650
-19,302
| -55% | -$1.7M |
|
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Convergence Investment Partners's Q3 2015 Portfolio in Review
As of Q3 2015, Convergence Investment Partners held 472 positions worth $871M, down 14% from $1.01B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Convergence Investment Partners withdrew a net $78.6M in Q3 2015, closing 139 positions and reducing 119 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $14.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Dean Foods Company worth $7.87M.
- Convergence Investment Partners's largest Q3 2015 buy was Dean Foods Company: 476,476 shares worth $7.87M.
- Convergence Investment Partners added most to Oracle in Q3 2015, an estimated $8M increase.
- Convergence Investment Partners's biggest Q3 2015 reduction was IBM, cutting an estimated $8.95M.
- Convergence Investment Partners fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $14.9M.
- Convergence Investment Partners's ten largest holdings make up 14% of its $871M portfolio in Q3 2015.
- Convergence Investment Partners opened 123 new positions and closed 139 in Q3 2015.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $871M.
Based on Convergence Investment Partners's 13F filing for Q3 2015, filed 16 Nov 2015.