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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
+8.78%
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
$491M
AUM Growth
-$226M
Cap. Flow
-$269M
Cap. Flow %
-54.91%
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78

Top Buys

Rank Stock Value
1
VZ icon
Verizon
VZ
+$3.53M
2
WBA
Walgreens Boots Alliance
WBA
+$3.41M
3
HST icon
Host Hotels & Resorts
HST
+$2.75M
4
CLGX
Corelogic, Inc.
CLGX
+$2.67M
5
QCOM icon
Qualcomm
QCOM
+$2.19M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$7.05M
2
CA
CA, Inc.
CA
+$6.83M
3
T icon
AT&T
T
+$6.52M
4
CAT icon
Caterpillar
CAT
+$5.37M
5
GIS icon
General Mills
GIS
+$5.04M

Sector Composition

Rank Sector Weight
1 Financials 16.23%
2 Technology 15.94%
3 Healthcare 14.51%
4 Industrials 12.11%
5 Consumer Discretionary 9.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BFH icon
176
Bread Financial
BFH
$4.38B
$730K 0.15%
3,874
+315
+9% +$59.4K
AMED
177
DELISTED
Amedisys
AMED
$689K 0.14%
5,512
-6,432
-54% -$710K
BPOP icon
178
Popular Inc
BPOP
$11.1B
$686K 0.14%
+13,381
New +$667K
VST icon
179
Vistra
VST
$47.4B
$685K 0.14%
27,551
-148,654
-84% -$3.42M
LNC icon
180
Lincoln National
LNC
$8.81B
$682K 0.14%
10,085
-10,875
-52% -$718K
LGND icon
181
Ligand Pharmaceuticals
LGND
$6.36B
$681K 0.14%
3,975
-7,498
-65% -$1.13M
INVA icon
182
Innoviva
INVA
$1.48B
$670K 0.14%
43,976
-55,210
-56% -$795K
URI icon
183
United Rentals
URI
$72.4B
$662K 0.14%
4,045
-2,512
-38% -$391K
META icon
184
Meta Platforms (Facebook)
META
$1.51T
$643K 0.13%
3,908
+188
+5% +$34K
NUAN
185
DELISTED
Nuance Communications, Inc.
NUAN
$638K 0.13%
+42,532
New +$589K
MANH icon
186
Manhattan Associates
MANH
$11.4B
$632K 0.13%
11,578
-17,984
-61% -$959K
BKH icon
187
Black Hills Corp
BKH
$5.69B
$620K 0.13%
10,673
-10,147
-49% -$609K
VRS
188
DELISTED
Verso Corporation
VRS
$615K 0.13%
+18,274
New +$478K
AVB icon
189
AvalonBay Communities
AVB
$26.8B
$611K 0.12%
+3,373
New +$602K
CADE
190
DELISTED
Cadence Bank
CADE
$607K 0.12%
18,577
-24,216
-57% -$823K
ANGO icon
191
AngioDynamics
ANGO
$649M
$606K 0.12%
+27,873
New +$619K
CMTL icon
192
Comtech Telecommunications
CMTL
$51.8M
$602K 0.12%
16,592
-18,007
-52% -$618K
KFRC icon
193
Kforce
KFRC
$1.06B
$596K 0.12%
15,839
-14,889
-48% -$586K
VICI icon
194
VICI Properties
VICI
$29.4B
$595K 0.12%
+27,538
New +$572K
HMSY
195
DELISTED
HMS Holdings Corp.
HMSY
$586K 0.12%
17,860
+2,094
+13% +$60.5K
NJR icon
196
New Jersey Resources
NJR
$5.58B
$583K 0.12%
12,643
-17,523
-58% -$808K
UVE icon
197
Universal Insurance Holdings
UVE
$1.23B
$583K 0.12%
12,004
-11,634
-49% -$500K
ESNT icon
198
Essent Group
ESNT
$6.33B
$576K 0.12%
13,021
-12,141
-48% -$498K
SWN
199
DELISTED
Southwestern Energy Company
SWN
$576K 0.12%
112,708
-98,547
-47% -$523K
FIX icon
200
Comfort Systems
FIX
$59.6B
$574K 0.12%
+10,177
New +$545K
6 7
8
9 10

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Convergence Investment Partners's Q3 2018 Portfolio in Review

As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M 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 Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.

  • Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
  • Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
  • Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
  • Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
  • Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
  • Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.

Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.