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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
+1.19%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.25%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$727M
AUM Growth
-$114M
(-14%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Community Health Systems
CYH
|
+$5.1M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$5.07M |
| 3 |
ON Semiconductor
ON
|
+$4.6M |
| 4 |
Zions Bancorporation
ZION
|
+$4.4M |
| 5 |
PDM
Piedmont Realty Trust
PDM
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$7.52M |
| 2 |
Coty
COTY
|
+$5.41M |
| 3 |
ONE Gas
OGS
|
+$5.34M |
| 4 |
Honeywell
HON
|
+$5.3M |
| 5 |
MENT
Mentor Graphics Corp
MENT
|
+$5.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.69% |
| 2 | Technology | 13.71% |
| 3 | Industrials | 12.3% |
| 4 | Healthcare | 11.84% |
| 5 | Consumer Staples | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Crown Holdings
CCK
$13.2B
| $1.57M | 0.22% |
+31,032
| New | +$1.62M |
|
177
Photronics
PLAB
$1.92B
| $1.57M | 0.22% |
175,966
| – | – |
|
|
HDS
178
DELISTED
HD Supply Holdings, Inc.
HDS
| $1.55M | 0.21% |
+44,430
| New | +$1.51M |
|
|
WLL
179
DELISTED
Whiting Petroleum Corporation
WLL
| $1.54M | 0.21% |
+555
| New | +$1.84M |
|
|
MCHB
180
Mechanics Bancorp
MCHB
$3.7B
| $1.54M | 0.21% |
+77,240
| New | +$1.61M |
|
|
TBI
181
Trueblue
TBI
$234M
| $1.53M | 0.21% |
+81,130
| New | +$1.69M |
|
182
Ennis
EBF
$565M
| $1.53M | 0.21% |
79,656
| – | – |
|
183
Cogent Communications
CCOI
$666M
| $1.51M | 0.21% |
37,750
+9,630
| +34% | +$378K |
|
184
Greif
GEF
$5.08B
| $1.51M | 0.21% |
40,440
+4,340
| +12% | +$155K |
|
185
Diamondrock Hospitality Co
DRH
$2.72B
| $1.5M | 0.21% |
166,601
-360,985
| -68% | -$3.33M |
|
186
Toll Brothers
TOL
$14.3B
| $1.5M | 0.21% |
55,787
+26,641
| +91% | +$749K |
|
187
Pebblebrook Hotel Trust
PEB
$2.15B
| $1.5M | 0.21% |
+57,100
| New | +$1.51M |
|
188
Kimco Realty
KIM
$16.9B
| $1.5M | 0.21% |
47,641
-990
| -2% | -$28.5K |
|
|
TAST
189
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $1.49M | 0.21% |
+125,490
| New | +$1.65M |
|
190
MetLife
MET
$61.9B
| $1.49M | 0.21% |
42,036
+7,138
| +20% | +$278K |
|
191
Cooper-Standard Automotive
CPS
$546M
| $1.48M | 0.2% |
18,762
+132
| +0.7% | +$10.7K |
|
|
BEAV
192
DELISTED
B/E Aerospace Inc
BEAV
| $1.47M | 0.2% |
31,885
+230
| +0.7% | +$11K |
|
193
Perdoceo Education
PRDO
$2.06B
| $1.47M | 0.2% |
+247,294
| New | +$1.34M |
|
194
Insteel Industries
IIIN
$638M
| $1.47M | 0.2% |
51,432
-3,240
| -6% | -$91.7K |
|
195
Kimberly-Clark
KMB
$37B
| $1.44M | 0.2% |
10,438
-211
| -2% | -$27.6K |
|
|
WRI
196
DELISTED
Weingarten Realty Investors
WRI
| $1.43M | 0.2% |
34,997
-759
| -2% | -$28.9K |
|
|
PSB
197
DELISTED
PS Business Parks, Inc.
PSB
| $1.4M | 0.19% |
13,224
-10,294
| -44% | -$1.03M |
|
198
Tapestry
TPR
$31.5B
| $1.4M | 0.19% |
+34,373
| New | +$1.35M |
|
199
Qualcomm
QCOM
$171B
| $1.4M | 0.19% |
+26,103
| New | +$1.38M |
|
|
CIVI
200
DELISTED
Civitas Solutions, Inc.
CIVI
| $1.39M | 0.19% |
+66,528
| New | +$1.32M |
|
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Convergence Investment Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.
- Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
- Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
- Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
- Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
- Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.
Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.