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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
+3.92%
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
$684M
AUM Growth
-$28.6M
Cap. Flow
-$43.8M
Cap. Flow %
-6.4%
Top 10 Hldgs %
12.14%
Holding
440
New
109
Increased
100
Reduced
127
Closed
102

Top Buys

Rank Stock Value
1
LM
Legg Mason, Inc.
LM
+$5.96M
2
EVR icon
Evercore
EVR
+$4.79M
3
BMY icon
Bristol-Myers Squibb
BMY
+$4.29M
4
AZPN
ASPEN TECHNOLOGY INC
AZPN
+$4.22M
5
AVA icon
Avista
AVA
+$4.13M

Top Sells

Rank Stock Value
1
DAR icon
Darling Ingredients
DAR
+$5.21M
2
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
+$5.17M
3
SWX icon
Southwest Gas
SWX
+$5.09M
4
SHO icon
Sunstone Hotel Investors
SHO
+$4.25M
5
HRG
HRG Group, Inc.
HRG
+$3.83M

Sector Composition

Rank Sector Weight
1 Financials 17.55%
2 Technology 13.89%
3 Industrials 13.5%
4 Healthcare 12.43%
5 Consumer Discretionary 10.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PSA icon
201
Public Storage
PSA
$60.5B
$1.33M 0.2%
+6,399
New +$1.38M
BIG
202
DELISTED
Big Lots, Inc.
BIG
$1.32M 0.19%
27,432
+8,565
+45% +$417K
CORT icon
203
Corcept Therapeutics
CORT
$12.4B
$1.31M 0.19%
111,231
-27,569
-20% -$300K
FBP icon
204
First Bancorp
FBP
$4.42B
$1.31M 0.19%
226,800
-67,383
-23% -$378K
DUK icon
205
Duke Energy
DUK
$97.8B
$1.31M 0.19%
15,673
+813
+5% +$68.3K
CSII
206
DELISTED
Cardiovascular Systems, Inc.
CSII
$1.3M 0.19%
40,480
-15,823
-28% -$482K
KMB icon
207
Kimberly-Clark
KMB
$36.3B
$1.3M 0.19%
10,098
+305
+3% +$39.7K
BC icon
208
Brunswick
BC
$5.13B
$1.3M 0.19%
20,680
+10,180
+97% +$593K
RUSHA icon
209
Rush Enterprises Class A
RUSHA
$6.2B
$1.29M 0.19%
78,212
+3,210
+4% +$51.4K
NVRI icon
210
Enviri
NVRI
$623M
$1.29M 0.19%
+80,134
New +$1.16M
CPN
211
DELISTED
Calpine Corporation
CPN
$1.28M 0.19%
94,953
-109,133
-53% -$1.31M
OKE icon
212
Oneok
OKE
$57.2B
$1.28M 0.19%
+24,492
New +$1.27M
GHC icon
213
Graham Holdings Company
GHC
$5.1B
$1.28M 0.19%
+2,130
New +$1.28M
KBH icon
214
KB Home
KBH
$3.37B
$1.27M 0.19%
53,152
+21,745
+69% +$460K
KBAL
215
DELISTED
Kimball International
KBAL
$1.27M 0.19%
76,324
-22,292
-23% -$386K
PHM icon
216
Pultegroup
PHM
$24.1B
$1.27M 0.19%
+51,602
New +$1.2M
CLDT
217
Chatham Lodging
CLDT
$622M
$1.26M 0.18%
+62,630
New +$1.23M
BID
218
DELISTED
Sotheby's
BID
$1.26M 0.18%
23,420
-4,900
-17% -$244K
ALSN icon
219
Allison Transmission
ALSN
$9.5B
$1.23M 0.18%
+32,738
New +$1.22M
NSM
220
DELISTED
Nationstar Mortgage Holdings
NSM
$1.23M 0.18%
68,490
+13,974
+26% +$237K
OMC icon
221
Omnicom Group
OMC
$21.6B
$1.2M 0.18%
14,451
+1,526
+12% +$127K
LSTR icon
222
Landstar System
LSTR
$5.93B
$1.2M 0.17%
13,974
-2,004
-13% -$170K
DXPE icon
223
DXP Enterprises
DXPE
$2.43B
$1.18M 0.17%
+34,195
New +$1.24M
EGRX
224
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
$1.18M 0.17%
14,962
+7,980
+114% +$653K
CFG icon
225
Citizens Financial Group
CFG
$30.3B
$1.18M 0.17%
32,973
-3,805
-10% -$135K
7 8
9
10 11

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Convergence Investment Partners's Q2 2017 Portfolio in Review

As of Q2 2017, Convergence Investment Partners held 440 positions worth $684M, down 4% from $712M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $43.8M in Q2 2017, closing 102 positions and reducing 127 holdings. Its most notable exit was Darling Ingredients, an estimated $5.21M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Legg Mason, Inc. worth $6M.

  • Convergence Investment Partners's largest Q2 2017 buy was Legg Mason, Inc.: 157,340 shares worth $6M.
  • Convergence Investment Partners added most to Sabra Healthcare REIT in Q2 2017, an estimated $2.78M increase.
  • Convergence Investment Partners's biggest Q2 2017 reduction was Sunstone Hotel Investors, cutting an estimated $4.25M.
  • Convergence Investment Partners fully exited Darling Ingredients in Q2 2017, selling an estimated $5.21M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $684M portfolio in Q2 2017.
  • Convergence Investment Partners opened 109 new positions and closed 102 in Q2 2017.
  • Convergence Investment Partners's portfolio value fell 4% quarter-over-quarter to $684M.

Based on Convergence Investment Partners's 13F filing for Q2 2017, filed 2 Aug 2017.