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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
+3.91%
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
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMHC
201
DELISTED
Taylor Morrison
TMHC
$1.35M 0.19%
63,404
+7,055
+13% +$142K
AROC icon
202
Archrock
AROC
$6.16B
$1.35M 0.19%
108,561
-4,759
-4% -$66.8K
RDN icon
203
Radian Group
RDN
$5.22B
$1.33M 0.19%
+74,288
New +$1.37M
TRI icon
204
Thomson Reuters
TRI
$44.4B
$1.33M 0.19%
26,567
-1,392
-5% -$71.1K
RPT
205
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$1.31M 0.18%
93,244
+45,506
+95% +$705K
EME icon
206
Emcor
EME
$36.1B
$1.29M 0.18%
20,494
-28,917
-59% -$1.92M
KMB icon
207
Kimberly-Clark
KMB
$35.7B
$1.29M 0.18%
9,793
-576
-6% -$72.6K
WEB
208
DELISTED
Web.com Group, Inc.
WEB
$1.29M 0.18%
66,812
-42,643
-39% -$841K
BID
209
DELISTED
Sotheby's
BID
$1.29M 0.18%
+28,320
New +$1.21M
LYB icon
210
LyondellBasell Industries
LYB
$19.6B
$1.29M 0.18%
14,113
-833
-6% -$76K
X
211
DELISTED
US Steel
X
$1.28M 0.18%
+37,937
New +$1.35M
ADM icon
212
Archer Daniels Midland
ADM
$38.5B
$1.28M 0.18%
27,810
-70,985
-72% -$3.18M
EQC
213
DELISTED
Equity Commonwealth
EQC
$1.27M 0.18%
40,764
– –
CFG icon
214
Citizens Financial Group
CFG
$30.7B
$1.27M 0.18%
+36,778
New +$1.34M
PAG icon
215
Penske Automotive Group
PAG
$14.4B
$1.25M 0.18%
26,760
-51,864
-66% -$2.65M
GHDX
216
DELISTED
Genomic Health, Inc.
GHDX
$1.25M 0.18%
+39,735
New +$1.18M
RYAM icon
217
Rayonier Advanced Materials
RYAM
$608M
$1.24M 0.17%
92,128
+14,432
+19% +$203K
AES icon
218
AES
AES
$10.5B
$1.24M 0.17%
110,738
-8,537
-7% -$97.5K
DUK icon
219
Duke Energy
DUK
$96.9B
$1.22M 0.17%
14,860
-778
-5% -$61.8K
LKQ icon
220
LKQ Corp
LKQ
$5.91B
$1.22M 0.17%
+41,614
New +$1.29M
ODP
221
DELISTED
ODP
ODP
$1.21M 0.17%
25,963
-4,833
-16% -$219K
J icon
222
Jacobs Solutions
J
$16.4B
$1.2M 0.17%
26,304
-7,814
-23% -$369K
SBRA icon
223
Sabra Healthcare REIT
SBRA
$5.2B
$1.2M 0.17%
+43,054
New +$1.13M
TOL icon
224
Toll Brothers
TOL
$14.1B
$1.2M 0.17%
33,099
-5,144
-13% -$172K
HA
225
DELISTED
Hawaiian Holdings, Inc.
HA
$1.17M 0.16%
25,227
-42,824
-63% -$2.19M
7 8
9
10 11

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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.