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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
+3.92%
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
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MYGN icon
176
Myriad Genetics
MYGN
$270M
$1.54M 0.23%
59,770
-18,808
-24% -$399K
KELYA icon
177
Kelly Services Class A
KELYA
$514M
$1.53M 0.22%
68,320
-12,210
-15% -$272K
BBY icon
178
Best Buy
BBY
$18.2B
$1.53M 0.22%
26,713
-31,982
-54% -$1.71M
PEB icon
179
Pebblebrook Hotel Trust
PEB
$2.15B
$1.51M 0.22%
46,963
-59,661
-56% -$1.86M
WEB
180
DELISTED
Web.com Group, Inc.
WEB
$1.5M 0.22%
59,432
-7,380
-11% -$156K
AGO icon
181
Assured Guaranty
AGO
$3.66B
$1.5M 0.22%
36,006
+14,547
+68% +$573K
INVA icon
182
Innoviva
INVA
$1.55B
$1.49M 0.22%
116,666
-7,260
-6% -$91.1K
UCTT
183
Ultra Clean Holdings
UCTT
$3.73B
$1.48M 0.22%
+79,016
New +$1.59M
TGT icon
184
Target
TGT
$65.6B
$1.47M 0.21%
28,056
-38,770
-58% -$2.12M
FLO icon
185
Flowers Foods
FLO
$1.49B
$1.45M 0.21%
83,939
+1,996
+2% +$37.5K
FRME icon
186
First Merchants
FRME
$2.68B
$1.45M 0.21%
36,089
+19,027
+112% +$768K
AVNS
187
DELISTED
Avanos Medical
AVNS
$1.44M 0.21%
36,606
-60,383
-62% -$2.28M
MAN icon
188
ManpowerGroup
MAN
$2.44B
$1.44M 0.21%
12,860
+1,563
+14% +$161K
VRTX icon
189
Vertex Pharmaceuticals
VRTX
$121B
$1.43M 0.21%
+11,099
New +$1.34M
FCX icon
190
Freeport-McMoran
FCX
$90B
$1.41M 0.21%
+117,115
New +$1.42M
AGX icon
191
Argan
AGX
$8B
$1.4M 0.2%
23,300
-905
-4% -$58.5K
KRO icon
192
KRONOS Worldwide
KRO
$693M
$1.39M 0.2%
+76,362
New +$1.36M
HAE icon
193
Haemonetics
HAE
$3.89B
$1.38M 0.2%
+34,990
New +$1.44M
IDCC icon
194
InterDigital
IDCC
$7.87B
$1.38M 0.2%
17,865
-21,059
-54% -$1.76M
ATKR icon
195
Atkore
ATKR
$2.46B
$1.38M 0.2%
61,137
-62,478
-51% -$1.47M
WW
196
DELISTED
WW International
WW
$1.37M 0.2%
+41,010
New +$991K
DINO icon
197
HF Sinclair
DINO
$16.3B
$1.36M 0.2%
49,565
-43,768
-47% -$1.17M
RDC
198
DELISTED
Rowan Companies Plc
RDC
$1.36M 0.2%
132,387
-122,183
-48% -$1.6M
HPE icon
199
Hewlett Packard
HPE
$63.4B
$1.34M 0.2%
104,348
-106,792
-51% -$1.49M
WNC icon
200
Wabash National
WNC
$512M
$1.34M 0.2%
60,942
-25,312
-29% -$535K
6 7
8
9 10

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 17% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.