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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
+2.2%
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
$840M
AUM Growth
-$50.9M
(-5.7%)
Cap. Flow
-$65M
Cap. Flow
% of AUM
-7.73%
Top 10 Holdings %
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MENT
Mentor Graphics Corp
MENT
|
+$6.15M |
| 2 |
Verizon
VZ
|
+$6.08M |
| 3 |
Leidos
LDOS
|
+$5.76M |
| 4 |
Warner Bros
WBD
|
+$5.02M |
| 5 |
American Express
AXP
|
+$4.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$9.73M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$9.71M |
| 3 |
Comcast
CMCSA
|
+$7.57M |
| 4 |
IBM
IBM
|
+$7.27M |
| 5 |
Community Health Systems
CYH
|
+$5.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.13% |
| 2 | Technology | 14.49% |
| 3 | Industrials | 11.97% |
| 4 | Healthcare | 11.15% |
| 5 | Consumer Staples | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
O'Reilly Automotive
ORLY
$76.3B
| $1.69M | 0.2% |
92,805
-136,410
| -60% | -$2.33M |
|
|
RUTH
177
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $1.69M | 0.2% |
+91,860
| New | +$1.54M |
|
|
BLOX
178
DELISTED
Infoblox Inc
BLOX
| $1.69M | 0.2% |
+98,848
| New | +$1.58M |
|
179
Insteel Industries
IIIN
$625M
| $1.67M | 0.2% |
+54,672
| New | +$1.36M |
|
180
Robert Half
RHI
$4.37B
| $1.67M | 0.2% |
35,825
+4,858
| +16% | +$203K |
|
|
181
IBM
IBM
$224B
| $1.64M | 0.2% |
11,329
-56,880
| -83% | -$7.27M |
|
182
Wabash National
WNC
$527M
| $1.62M | 0.19% |
122,498
+5,418
| +5% | +$63.3K |
|
|
GTS
183
DELISTED
Triple-S Management Corporation
GTS
| $1.61M | 0.19% |
68,293
-10,553
| -13% | -$236K |
|
184
ManpowerGroup
MAN
$2.63B
| $1.61M | 0.19% |
+19,732
| New | +$1.51M |
|
185
Strategic Education
STRA
$1.92B
| $1.6M | 0.19% |
32,856
+3,730
| +13% | +$184K |
|
|
SGI
186
Somnigroup International
SGI
$13.7B
| $1.6M | 0.19% |
105,184
+60,352
| +135% | +$894K |
|
187
Plexus
PLXS
$7.23B
| $1.59M | 0.19% |
+40,126
| New | +$1.42M |
|
|
MNK
188
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $1.58M | 0.19% |
+25,840
| New | +$1.65M |
|
|
PMC
189
DELISTED
PharMerica Corporation
PMC
| $1.56M | 0.19% |
+70,550
| New | +$1.88M |
|
190
Ennis
EBF
$564M
| $1.56M | 0.19% |
+79,656
| New | +$1.55M |
|
191
Kearny Financial
KRNY
$599M
| $1.55M | 0.18% |
+125,700
| New | +$1.51M |
|
|
BOBE
192
DELISTED
Bob Evans Farms, Inc.
BOBE
| $1.55M | 0.18% |
+33,240
| New | +$1.4M |
|
|
RPXC
193
DELISTED
RPX Corporation
RPXC
| $1.55M | 0.18% |
137,460
+9,900
| +8% | +$105K |
|
194
Insperity
NSP
$2.01B
| $1.53M | 0.18% |
59,248
-21,948
| -27% | -$516K |
|
|
LPNT
195
DELISTED
LifePoint Health, Inc.
LPNT
| $1.53M | 0.18% |
22,060
-51,434
| -70% | -$3.43M |
|
196
Customers Bancorp
CUBI
$2.77B
| $1.52M | 0.18% |
+64,450
| New | +$1.54M |
|
197
Comfort Systems
FIX
$59.6B
| $1.52M | 0.18% |
47,938
+7,230
| +18% | +$205K |
|
198
Resources Connection
RGP
$145M
| $1.49M | 0.18% |
95,820
+25,960
| +37% | +$377K |
|
199
Emergent Biosolutions
EBS
$248M
| $1.48M | 0.18% |
40,818
-5,320
| -12% | -$188K |
|
200
First Busey Corp
BUSE
$2.58B
| $1.48M | 0.18% |
+72,296
| New | +$1.41M |
|
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Convergence Investment Partners's Q1 2016 Portfolio in Review
As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.
- Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
- Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
- Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
- Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
- Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
- Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
- Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.
Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.