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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
+8.47%
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
$678M
AUM Growth
-$48.9M
Cap. Flow
-$82.3M
Cap. Flow %
-12.14%
Top 10 Hldgs %
12.63%
Holding
435
New
127
Increased
76
Reduced
120
Closed
111

Top Buys

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$6.36M
2
T icon
AT&T
T
+$6.07M
3
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.04M
4
CVG
Convergys
CVG
+$4.73M
5
GXP
Great Plains Energy Incorporated
GXP
+$4.55M

Top Sells

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$5.48M
2
RAX
Rackspace Hosting Inc
RAX
+$5.32M
3
DYN
Dynegy, Inc.
DYN
+$5.03M
4
GILD icon
Gilead Sciences
GILD
+$4.77M
5
VZ icon
Verizon
VZ
+$4.76M

Sector Composition

Rank Sector Weight
1 Financials 16.1%
2 Technology 13.84%
3 Industrials 12.51%
4 Healthcare 11.57%
5 Consumer Discretionary 9.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IRBT
201
DELISTED
iRobot
IRBT
$1.31M 0.19%
29,753
-6,759
-19% -$265K
BC icon
202
Brunswick
BC
$5.26B
$1.3M 0.19%
26,745
+10,310
+63% +$492K
PIPR icon
203
Piper Sandler
PIPR
$5.26B
$1.3M 0.19%
107,788
+6,740
+7% +$73.4K
CBPX
204
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
$1.29M 0.19%
61,280
+1,300
+2% +$29.2K
PWR icon
205
Quanta Services
PWR
$100B
$1.28M 0.19%
+45,848
New +$1.17M
CPRI icon
206
Capri Holdings
CPRI
$1.7B
$1.28M 0.19%
27,337
-9,061
-25% -$452K
H icon
207
Hyatt Hotels
H
$16.9B
$1.28M 0.19%
+25,975
New +$1.34M
ADM icon
208
Archer Daniels Midland
ADM
$37.4B
$1.27M 0.19%
30,178
+455
+2% +$19.7K
OMC icon
209
Omnicom Group
OMC
$22.6B
$1.27M 0.19%
+14,981
New +$1.26M
UFPI icon
210
UFP Industries
UFPI
$5.07B
$1.27M 0.19%
38,790
-84,930
-69% -$2.95M
WDR
211
DELISTED
Waddell & Reed Financial, Inc.
WDR
$1.27M 0.19%
69,946
+13,733
+24% +$250K
DUK icon
212
Duke Energy
DUK
$96.6B
$1.26M 0.19%
15,688
+303
+2% +$25.1K
LMNX
213
DELISTED
Luminex Corp
LMNX
$1.26M 0.19%
55,280
+26,050
+89% +$567K
BBT
214
Beacon Financial Corp
BBT
$2.67B
$1.25M 0.18%
+44,927
New +$1.23M
MED icon
215
Medifast
MED
$136M
$1.24M 0.18%
+32,848
New +$1.18M
CMC icon
216
Commercial Metals
CMC
$8.15B
$1.22M 0.18%
75,130
-52,324
-41% -$850K
CPHD
217
DELISTED
Cepheid Inc
CPHD
$1.21M 0.18%
22,978
-30,872
-57% -$1.23M
WEB
218
DELISTED
Web.com Group, Inc.
WEB
$1.21M 0.18%
69,810
-36,750
-34% -$658K
HCA icon
219
HCA Healthcare
HCA
$88.5B
$1.18M 0.17%
+15,642
New +$1.2M
CPT icon
220
Camden Property Trust
CPT
$11B
$1.16M 0.17%
13,863
+3,604
+35% +$315K
TUP
221
DELISTED
Tupperware Brands Corporation
TUP
$1.16M 0.17%
17,717
+4,748
+37% +$299K
BAX icon
222
Baxter International
BAX
$14B
$1.15M 0.17%
+24,191
New +$1.14M
UNFI icon
223
United Natural Foods
UNFI
$2.9B
$1.15M 0.17%
28,736
-16,943
-37% -$778K
CVSA
224
Covista Inc
CVSA
$4.23B
$1.13M 0.17%
+49,055
New +$1.1M
ETFC
225
DELISTED
E*Trade Financial Corporation
ETFC
$1.13M 0.17%
38,767
-7,533
-16% -$195K
7 8
9
10 11

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Convergence Investment Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Convergence Investment Partners held 435 positions worth $678M, down 6.7% from $727M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $82.3M in Q3 2016, closing 111 positions and reducing 120 holdings. Its most notable exit was Leidos, an estimated $5.48M 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 Industrials.

Against the trend, Convergence Investment Partners opened a new position in Cardtronics plc Class A Ordinary Shares (UK) worth $5.11M.

  • Convergence Investment Partners's largest Q3 2016 buy was Cardtronics plc Class A Ordinary Shares (UK): 114,485 shares worth $5.11M.
  • Convergence Investment Partners added most to Pfizer in Q3 2016, an estimated $6.36M increase.
  • Convergence Investment Partners's biggest Q3 2016 reduction was Gilead Sciences, cutting an estimated $4.77M.
  • Convergence Investment Partners fully exited Leidos in Q3 2016, selling an estimated $5.48M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $678M portfolio in Q3 2016.
  • Convergence Investment Partners opened 127 new positions and closed 111 in Q3 2016.
  • Convergence Investment Partners's portfolio value fell 6.7% quarter-over-quarter to $678M.

Based on Convergence Investment Partners's 13F filing for Q3 2016, filed 10 Nov 2016.