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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
+4.96%
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
$414M
AUM Growth
-$44.2M
Cap. Flow
-$55.4M
Cap. Flow %
-13.39%
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116

Top Buys

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$2.43M
2
INTU icon
Intuit
INTU
+$2.21M
3
CDNS icon
Cadence Design Systems
CDNS
+$2.05M
4
SBGI icon
Sinclair Inc
SBGI
+$2.01M
5
DK icon
Delek US
DK
+$1.96M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$3.95M
2
JPM icon
JPMorgan Chase
JPM
+$3.64M
3
DIS icon
Walt Disney
DIS
+$3.14M
4
PFE icon
Pfizer
PFE
+$2.63M
5
MSFT icon
Microsoft
MSFT
+$2.51M

Sector Composition

Rank Sector Weight
1 Technology 17.46%
2 Financials 16.39%
3 Healthcare 13.02%
4 Industrials 11%
5 Consumer Discretionary 8.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNH icon
176
UnitedHealth
UNH
$367B
$687K 0.17%
2,814
-4,001
-59% -$962K
V icon
177
Visa
V
$692B
$678K 0.16%
3,908
+66
+2% +$10.8K
DIS icon
178
Walt Disney
DIS
$182B
$638K 0.15%
4,567
-23,655
-84% -$3.14M
LSTR icon
179
Landstar System
LSTR
$6.01B
$633K 0.15%
5,858
-10,444
-64% -$1.11M
VMC icon
180
Vulcan Materials
VMC
$36.5B
$633K 0.15%
+4,607
New +$588K
CFG icon
181
Citizens Financial Group
CFG
$30.5B
$584K 0.14%
+16,515
New +$576K
LULU icon
182
lululemon athletica
LULU
$14.2B
$564K 0.14%
+3,130
New +$544K
PEP icon
183
PepsiCo
PEP
$189B
$505K 0.12%
3,853
+68
+2% +$8.72K
AZO icon
184
AutoZone
AZO
$50.1B
$502K 0.12%
+457
New +$481K
MA icon
185
Mastercard
MA
$505B
$498K 0.12%
1,881
-32
-2% -$8.01K
BERY
186
DELISTED
Berry Global Group, Inc.
BERY
$478K 0.12%
9,907
-17,883
-64% -$862K
ULTA icon
187
Ulta Beauty
ULTA
$23.2B
$416K 0.1%
+1,198
New +$414K
COST icon
188
Costco
COST
$421B
$392K 0.09%
1,484
+30
+2% +$7.48K
MCD icon
189
McDonald's
MCD
$196B
$374K 0.09%
1,800
+22
+1% +$4.36K
ABT icon
190
Abbott
ABT
$187B
$349K 0.08%
4,147
+143
+4% +$11.3K
MDT icon
191
Medtronic
MDT
$110B
$335K 0.08%
3,443
-6,774
-66% -$618K
KR icon
192
Kroger
KR
$35.1B
$326K 0.08%
14,997
-27,914
-65% -$679K
HON icon
193
Honeywell
HON
$76.3B
$323K 0.08%
1,963
-24,802
-93% -$3.95M
ZION icon
194
Zions Bancorporation
ZION
$10.3B
$307K 0.07%
6,675
-23,233
-78% -$1.07M
TTEC icon
195
TTEC Holdings
TTEC
$127M
$306K 0.07%
+6,576
New +$254K
CRVL icon
196
CorVel
CRVL
$3.19B
$298K 0.07%
10,263
-1,980
-16% -$48.7K
ACN icon
197
Accenture
ACN
$105B
$297K 0.07%
1,610
+32
+2% +$5.75K
NFLX icon
198
Netflix
NFLX
$307B
$296K 0.07%
8,070
+240
+3% +$8.66K
ADBE icon
199
Adobe
ADBE
$103B
$291K 0.07%
987
+19
+2% +$5.28K
MANH icon
200
Manhattan Associates
MANH
$11.1B
$287K 0.07%
4,142
-2,020
-33% -$130K
6 7
8
9 10

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Convergence Investment Partners's Q2 2019 Portfolio in Review

As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Intuit worth $2.27M.

  • Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
  • Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
  • Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
  • Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
  • Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
  • Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.

Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.