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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
-20.74%
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
$229M
AUM Growth
-$123M
Cap. Flow
-$50.6M
Cap. Flow %
-22.12%
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77

Top Buys

Rank Stock Value
1
STT icon
State Street
STT
+$2.37M
2
GS icon
Goldman Sachs
GS
+$2.18M
3
MPC icon
Marathon Petroleum
MPC
+$1.66M
4
GM icon
General Motors
GM
+$1.46M
5
CFG icon
Citizens Financial Group
CFG
+$1.26M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$3.47M
2
PFE icon
Pfizer
PFE
+$2.04M
3
FITB
Fifth Third Bancorp
FITB
+$1.9M
4
NEE icon
NextEra Energy
NEE
+$1.86M
5
DFS
Discover Financial Services
DFS
+$1.82M

Sector Composition

Rank Sector Weight
1 Technology 18.8%
2 Healthcare 16.5%
3 Financials 14.66%
4 Communication Services 9.42%
5 Consumer Staples 9.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NWL icon
176
Newell Brands
NWL
$2.49B
$406K 0.18%
+30,570
New +$526K
KBH icon
177
KB Home
KBH
$3.44B
$403K 0.18%
+22,247
New +$713K
FHN icon
178
First Horizon
FHN
$12B
$385K 0.17%
+47,821
New +$663K
MINI
179
DELISTED
Mobile Mini Inc
MINI
$379K 0.17%
14,440
-3,647
-20% -$132K
TRU icon
180
TransUnion
TRU
$15.1B
$375K 0.16%
5,668
-2,904
-34% -$251K
MTH icon
181
Meritage Homes
MTH
$4.65B
$367K 0.16%
20,114
-5,094
-20% -$155K
SCI icon
182
Service Corp International
SCI
$11.3B
$366K 0.16%
+9,359
New +$435K
DIS icon
183
Walt Disney
DIS
$178B
$363K 0.16%
3,755
-554
-13% -$70K
MTG icon
184
MGIC Investment
MTG
$6.22B
$361K 0.16%
56,905
+5,693
+11% +$68.8K
COST icon
185
Costco
COST
$418B
$360K 0.16%
1,263
-48
-4% -$14.6K
THO icon
186
Thor Industries
THO
$4.09B
$338K 0.15%
+8,013
New +$556K
LLY icon
187
Eli Lilly
LLY
$1.08T
$320K 0.14%
2,305
-161
-7% -$22.1K
NVDA icon
188
NVIDIA
NVDA
$5.38T
$308K 0.13%
46,680
-1,920
-4% -$12.1K
ABT icon
189
Abbott
ABT
$187B
$306K 0.13%
3,880
-215
-5% -$17.9K
NFLX icon
190
Netflix
NFLX
$309B
$290K 0.13%
7,730
-300
-4% -$10.6K
CMPR icon
191
Cimpress
CMPR
$2.26B
$274K 0.12%
5,143
-765
-13% -$77.6K
MDT icon
192
Medtronic
MDT
$113B
$272K 0.12%
3,013
-10,260
-77% -$1.09M
AVT icon
193
Avnet
AVT
$8.14B
$251K 0.11%
9,981
-14,155
-59% -$482K
NKE icon
194
Nike
NKE
$61.1B
$251K 0.11%
3,032
-224
-7% -$20.8K
MCD icon
195
McDonald's
MCD
$192B
$248K 0.11%
1,503
-133
-8% -$26.2K
TMO icon
196
Thermo Fisher Scientific
TMO
$220B
$248K 0.11%
876
-4,435
-84% -$1.4M
ACN icon
197
Accenture
ACN
$108B
$246K 0.11%
1,509
-7,029
-82% -$1.35M
CRM icon
198
Salesforce
CRM
$159B
$230K 0.1%
1,600
-116
-7% -$19.9K
IVV icon
199
iShares Core S&P 500 ETF
IVV
$906B
$227K 0.1%
+880
New +$270K
SPY icon
200
State Street SPDR S&P 500 ETF Trust
SPY
$811B
$223K 0.1%
+866
New +$264K
6 7
8
9 10

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Convergence Investment Partners's Q1 2020 Portfolio in Review

As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.

  • Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
  • Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
  • Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
  • Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
  • Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
  • Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.

Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.