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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KND
176
DELISTED
Kindred Healthcare
KND
$1.5M 0.22%
+146,490
New +$1.63M
SUPN icon
177
Supernus Pharmaceuticals
SUPN
$2.72B
$1.5M 0.22%
+60,485
New +$1.37M
PRU icon
178
Prudential Financial
PRU
$41.9B
$1.48M 0.22%
18,080
+981
+6% +$75.3K
CMCSA icon
179
Comcast
CMCSA
$89.3B
$1.47M 0.22%
44,308
+34,996
+376% +$1.16M
IIIN icon
180
Insteel Industries
IIIN
$626M
$1.47M 0.22%
40,497
-10,935
-21% -$369K
COR icon
181
Cencora
COR
$62B
$1.45M 0.21%
17,991
-21,934
-55% -$1.88M
AMP icon
182
Ameriprise Financial
AMP
$49.5B
$1.44M 0.21%
14,435
+1,038
+8% +$101K
WNC icon
183
Wabash National
WNC
$512M
$1.43M 0.21%
100,083
-4,555
-4% -$62.2K
EWBC icon
184
East-West Bancorp
EWBC
$18.1B
$1.42M 0.21%
38,730
+14,150
+58% +$498K
VRTV
185
DELISTED
VERITIV CORPORATION
VRTV
$1.42M 0.21%
+28,236
New +$1.31M
SAH icon
186
Sonic Automotive
SAH
$2.68B
$1.42M 0.21%
75,295
+1,425
+2% +$25.2K
CPF icon
187
Central Pacific Financial
CPF
$1.01B
$1.41M 0.21%
56,110
-27,822
-33% -$690K
BRSS
188
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
$1.41M 0.21%
48,719
-1,635
-3% -$46.5K
GATX icon
189
GATX Corp
GATX
$6.31B
$1.41M 0.21%
+31,536
New +$1.39M
HWC icon
190
Hancock Whitney
HWC
$6.22B
$1.4M 0.21%
+43,257
New +$1.31M
PGEM
191
DELISTED
Ply Gem Holdings, Inc.
PGEM
$1.4M 0.21%
104,390
+18,610
+22% +$269K
DAL icon
192
Delta Air Lines
DAL
$60.5B
$1.37M 0.2%
34,884
-38,313
-52% -$1.45M
GTLS
193
DELISTED
Chart Industries
GTLS
$1.36M 0.2%
+41,565
New +$1.2M
PRDO icon
194
Perdoceo Education
PRDO
$2.03B
$1.34M 0.2%
197,594
-49,700
-20% -$338K
KMB icon
195
Kimberly-Clark
KMB
$36.1B
$1.34M 0.2%
10,620
+182
+2% +$23.5K
MENT
196
DELISTED
Mentor Graphics Corp
MENT
$1.33M 0.2%
50,166
-34,324
-41% -$780K
CAKE icon
197
Cheesecake Factory
CAKE
$5.34B
$1.32M 0.2%
+26,465
New +$1.35M
TRI icon
198
Thomson Reuters
TRI
$43.4B
$1.32M 0.19%
27,500
-48,112
-64% -$2.33M
CLW icon
199
Clearwater Paper
CLW
$369M
$1.31M 0.19%
20,320
-5,648
-22% -$357K
AWK icon
200
American Water Works
AWK
$26.8B
$1.31M 0.19%
+17,516
New +$1.37M
6 7
8
9 10

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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.