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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
+1.19%
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
$727M
AUM Growth
-$114M
Cap. Flow
-$112M
Cap. Flow %
-15.44%
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114

Top Buys

Rank Stock Value
1
CYH icon
Community Health Systems
CYH
+$5.1M
2
DYN
Dynegy, Inc.
DYN
+$5.07M
3
ON icon
ON Semiconductor
ON
+$4.6M
4
ZION icon
Zions Bancorporation
ZION
+$4.4M
5
PDM
Piedmont Realty Trust
PDM
+$4.37M

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$7.52M
2
COTY icon
Coty
COTY
+$5.41M
3
OGS icon
ONE Gas
OGS
+$5.34M
4
HON icon
Honeywell
HON
+$5.3M
5
MENT
Mentor Graphics Corp
MENT
+$5.25M

Sector Composition

Rank Sector Weight
1 Financials 15.69%
2 Technology 13.71%
3 Industrials 12.3%
4 Healthcare 11.84%
5 Consumer Staples 9.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDU icon
201
MDU Resources
MDU
$4.2B
$1.38M 0.19%
+151,552
New +$1.23M
BRSS
202
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
$1.37M 0.19%
50,354
-7,835
-13% -$208K
KFRC icon
203
Kforce
KFRC
$1.04B
$1.34M 0.18%
+79,520
New +$1.48M
CBPX
204
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
$1.33M 0.18%
+59,980
New +$1.25M
WNC icon
205
Wabash National
WNC
$507M
$1.33M 0.18%
104,638
-17,860
-15% -$240K
ROCK icon
206
Gibraltar Industries
ROCK
$1.43B
$1.32M 0.18%
41,890
+23,580
+129% +$679K
DUK icon
207
Duke Energy
DUK
$96.9B
$1.32M 0.18%
15,385
-119
-0.8% -$9.51K
MAN icon
208
ManpowerGroup
MAN
$2.55B
$1.31M 0.18%
20,374
+642
+3% +$49.8K
RGR icon
209
Sturm, Ruger & Co
RGR
$625M
$1.31M 0.18%
20,454
-8,838
-30% -$571K
PENN icon
210
PENN Entertainment
PENN
$2.68B
$1.31M 0.18%
+93,728
New +$1.47M
BOBE
211
DELISTED
Bob Evans Farms, Inc.
BOBE
$1.29M 0.18%
34,094
+854
+3% +$38.3K
TDC icon
212
Teradata
TDC
$3.24B
$1.29M 0.18%
+51,425
New +$1.36M
SIX
213
DELISTED
Six Flags Entertainment Corp.
SIX
$1.29M 0.18%
22,222
-280
-1% -$16.3K
IRBT
214
DELISTED
iRobot
IRBT
$1.28M 0.18%
36,512
-5,404
-13% -$198K
ADM icon
215
Archer Daniels Midland
ADM
$38.5B
$1.27M 0.18%
+29,723
New +$1.19M
SAH icon
216
Sonic Automotive
SAH
$2.79B
$1.26M 0.17%
+73,870
New +$1.28M
J icon
217
Jacobs Solutions
J
$16.8B
$1.26M 0.17%
30,663
+4,438
+17% +$175K
PGEM
218
DELISTED
Ply Gem Holdings, Inc.
PGEM
$1.25M 0.17%
+85,780
New +$1.26M
PRU icon
219
Prudential Financial
PRU
$42.9B
$1.22M 0.17%
17,099
+4,325
+34% +$326K
AMP icon
220
Ameriprise Financial
AMP
$48.9B
$1.2M 0.17%
13,397
+776
+6% +$75K
CMI icon
221
Cummins
CMI
$87.8B
$1.2M 0.17%
10,685
-192
-2% -$21.7K
ECHO
222
EchoStar
ECHO
$26.6B
$1.2M 0.17%
+37,289
New +$1.22M
MAR icon
223
Marriott International
MAR
$90B
$1.19M 0.16%
17,936
-14,884
-45% -$998K
NAV
224
DELISTED
Navistar International
NAV
$1.16M 0.16%
+98,820
New +$1.22M
KCG
225
DELISTED
KCG Holdings, Inc.
KCG
$1.14M 0.16%
85,544
+30,604
+56% +$406K
7 8
9
10 11

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Convergence Investment Partners's Q2 2016 Portfolio in Review

As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.

  • Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
  • Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
  • Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
  • Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
  • Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
  • Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.

Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.