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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
+9.38%
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
$352M
AUM Growth
-$7.27M
Cap. Flow
-$33.5M
Cap. Flow %
-9.51%
Top 10 Hldgs %
17.35%
Holding
345
New
51
Increased
46
Reduced
123
Closed
123

Top Buys

Rank Stock Value
1
TNL icon
Travel + Leisure Co
TNL
+$2.66M
2
GIS icon
General Mills
GIS
+$2.22M
3
WHR icon
Whirlpool
WHR
+$2.13M
4
LYB icon
LyondellBasell Industries
LYB
+$1.7M
5
META icon
Meta Platforms (Facebook)
META
+$1.62M

Top Sells

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$2.48M
2
GRMN
Garmin
GRMN
+$2.2M
3
PDM
Piedmont Realty Trust
PDM
+$1.9M
4
IPG
Interpublic Group of Companies
IPG
+$1.55M
5
MANH icon
Manhattan Associates
MANH
+$1.55M

Sector Composition

Rank Sector Weight
1 Financials 17.41%
2 Technology 16.67%
3 Healthcare 13.01%
4 Consumer Discretionary 9.23%
5 Industrials 9.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ELV icon
201
Elevance Health
ELV
$85.5B
$271K 0.08%
898
-7
-0.8% -$1.93K
NFLX icon
202
Netflix
NFLX
$309B
$260K 0.07%
+8,030
New +$238K
MMM icon
203
3M
MMM
$94.3B
$249K 0.07%
1,691
+72
+4% +$10.1K
PM icon
204
Philip Morris
PM
$295B
$247K 0.07%
2,900
+36
+1% +$2.97K
CAT icon
205
Caterpillar
CAT
$387B
$246K 0.07%
1,668
-7,943
-83% -$1.11M
TFC icon
206
Truist Financial
TFC
$64B
$246K 0.07%
+4,363
New +$236K
PYPL icon
207
PayPal
PYPL
$50.5B
$244K 0.07%
2,252
-13,868
-86% -$1.45M
CI icon
208
Cigna
CI
$74.6B
$237K 0.07%
+1,158
New +$212K
BKNG icon
209
Booking.com
BKNG
$161B
$232K 0.07%
2,825
-14,800
-84% -$1.16M
UPS icon
210
United Parcel Service
UPS
$88.9B
$231K 0.07%
1,976
-13
-0.7% -$1.54K
DHR icon
211
Danaher
DHR
$144B
$227K 0.06%
1,668
-9,794
-85% -$1.24M
KR icon
212
Kroger
KR
$34.8B
$226K 0.06%
7,781
-48
-0.6% -$1.27K
TJX icon
213
TJX Companies
TJX
$178B
$226K 0.06%
3,696
-57
-2% -$3.37K
SCS
214
DELISTED
Steelcase
SCS
$225K 0.06%
+11,005
New +$204K
GS icon
215
Goldman Sachs
GS
$303B
$222K 0.06%
965
-5
-0.5% -$1.08K
MU icon
216
Micron Technology
MU
$991B
$214K 0.06%
+3,977
New +$190K
PNC icon
217
PNC Financial Services
PNC
$101B
$212K 0.06%
+1,328
New +$199K
CMA
218
DELISTED
Comerica
CMA
$210K 0.06%
+2,920
New +$200K
HUM icon
219
Humana
HUM
$46.2B
$206K 0.06%
+561
New +$178K
MDLZ icon
220
Mondelez International
MDLZ
$79.9B
$205K 0.06%
3,724
-53
-1% -$2.83K
AKS
221
DELISTED
AK Steel Holding Corp
AKS
$36K 0.01%
11,059
– –
NBR icon
222
Nabors Industries
NBR
$1.21B
$29K 0.01%
204
– –
ADEA icon
223
Adeia
ADEA
$3.11B
– –
-24,925
Closed -$136K
AIV
224
Aimco
AIV
$383M
– –
-56,151
Closed -$390K
AMT icon
225
American Tower
AMT
$80.4B
– –
-5,328
Closed -$1.18M
7 8
9
10 11

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Convergence Investment Partners's Q4 2019 Portfolio in Review

As of Q4 2019, Convergence Investment Partners held 345 positions worth $352M, down 2% from $359M the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Convergence Investment Partners withdrew a net $33.5M in Q4 2019, closing 123 positions and reducing 123 holdings. Its most notable exit was Garmin, an estimated $2.2M position sold in full.

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

Against the trend, Convergence Investment Partners opened a new position in Travel + Leisure Co worth $2.88M.

  • Convergence Investment Partners's largest Q4 2019 buy was Travel + Leisure Co: 55,656 shares worth $2.88M.
  • Convergence Investment Partners added most to Meta Platforms (Facebook) in Q4 2019, an estimated $1.62M increase.
  • Convergence Investment Partners's biggest Q4 2019 reduction was Starbucks, cutting an estimated $2.48M.
  • Convergence Investment Partners fully exited Garmin in Q4 2019, selling an estimated $2.2M.
  • Convergence Investment Partners's ten largest holdings make up 17% of its $352M portfolio in Q4 2019.
  • Convergence Investment Partners opened 51 new positions and closed 123 in Q4 2019.
  • Convergence Investment Partners's portfolio value fell 2% quarter-over-quarter to $352M.

Based on Convergence Investment Partners's 13F filing for Q4 2019, filed 22 Jan 2020.