We are live on
!
Find out more
CIP
Convergence Investment Partners Portfolio holdings
AUM
$1.06B
1-Year Est. Return
87.75%
This Fund
S&P 500
This Quarter
Est. Return
-20.74%
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
$229M
AUM Growth
-$123M
(-35%)
Cap. Flow
-$50.6M
Cap. Flow
% of AUM
-22.12%
Top 10 Holdings %
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street
STT
|
+$2.37M |
| 2 |
Goldman Sachs
GS
|
+$2.18M |
| 3 |
Marathon Petroleum
MPC
|
+$1.66M |
| 4 |
General Motors
GM
|
+$1.46M |
| 5 |
Citizens Financial Group
CFG
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$3.47M |
| 2 |
Pfizer
PFE
|
+$2.04M |
| 3 |
FITB
Fifth Third Bancorp
FITB
|
+$1.9M |
| 4 |
NextEra Energy
NEE
|
+$1.86M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.8% |
| 2 | Healthcare | 16.5% |
| 3 | Financials | 14.66% |
| 4 | Communication Services | 9.42% |
| 5 | Consumer Staples | 9.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Honeywell
HON
$76.7B
| $219K | 0.1% |
1,736
-160
| -8% | -$24.7K |
|
202
Texas Instruments
TXN
$260B
| $219K | 0.1% |
2,191
-134
| -6% | -$16.1K |
|
203
PayPal
PYPL
$50.1B
| $204K | 0.09% |
2,129
-123
| -5% | -$13.6K |
|
204
Ford
F
$55.1B
| $111K | 0.05% |
23,045
-6,702
| -23% | -$50.2K |
|
|
MRO
205
DELISTED
Marathon Oil Corporation
MRO
| $33K | 0.01% |
+10,108
| New | +$93.2K |
|
206
Nabors Industries
NBR
$1.29B
| $4K | ﹤0.01% |
204
| – | – |
|
207
Asbury Automotive
ABG
$3.78B
| – | – |
-11,844
| Closed | -$1.32M |
|
208
Arch Capital
ACGL
$33.2B
| – | – |
-21,400
| Closed | -$918K |
|
209
Aecom
ACM
$9.81B
| – | – |
-24,853
| Closed | -$1.07M |
|
210
AutoNation
AN
$6.84B
| – | – |
-24,271
| Closed | -$1.18M |
|
211
Atkore
ATKR
$3.17B
| – | – |
-27,244
| Closed | -$1.1M |
|
212
AvalonBay Communities
AVB
$26.3B
| – | – |
-4,093
| Closed | -$858K |
|
213
American Express
AXP
$228B
| – | – |
-2,379
| Closed | -$296K |
|
214
Boeing
BA
$185B
| – | – |
-1,388
| Closed | -$452K |
|
215
Ball Corp
BALL
$16.4B
| – | – |
-13,817
| Closed | -$894K |
|
216
Booking.com
BKNG
$158B
| – | – |
-2,825
| Closed | -$232K |
|
217
Bloomin' Brands
BLMN
$951M
| – | – |
-39,994
| Closed | -$883K |
|
218
BorgWarner
BWA
$14B
| – | – |
-18,444
| Closed | -$704K |
|
219
Boyd Gaming
BYD
$5.93B
| – | – |
-31,300
| Closed | -$937K |
|
220
Caterpillar
CAT
$388B
| – | – |
-1,668
| Closed | -$246K |
|
221
Crown Castle
CCI
$31.5B
| – | – |
-9,093
| Closed | -$1.29M |
|
222
Celanese
CE
$4.82B
| – | – |
-6,928
| Closed | -$853K |
|
223
Cigna
CI
$74.7B
| – | – |
-1,158
| Closed | -$237K |
|
|
CMA
224
DELISTED
Comerica
CMA
| – | – |
-2,920
| Closed | -$210K |
|
225
Carlisle Companies
CSL
$15.2B
| – | – |
-6,317
| Closed | -$1.02M |
|
Similar funds
MWA
SFP
ECM
NRG
LAM
BGIM
CIA
AA
Convergence Investment Partners's Q1 2020 Portfolio in Review
As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.
- Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
- Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
- Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
- Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
- Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
- Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.
Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.