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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
+15.9%
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
$199M
AUM Growth
-$88.9M
(-31%)
Cap. Flow
-$116M
Cap. Flow
% of AUM
-58.64%
Top 10 Holdings %
Top 10 Hldgs %
20.28%
Holding
292
New
63
Increased
46
Reduced
118
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$1.96M |
| 2 |
KeyCorp
KEY
|
+$1.5M |
| 3 |
United Parcel Service
UPS
|
+$1.44M |
| 4 |
BorgWarner
BWA
|
+$1.03M |
| 5 |
Synchrony
SYF
|
+$1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$2M |
| 2 |
US Bancorp
USB
|
+$1.83M |
| 3 |
Lowe's Companies
LOW
|
+$1.74M |
| 4 |
AbbVie
ABBV
|
+$1.74M |
| 5 |
Marathon Petroleum
MPC
|
+$1.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.58% |
| 2 | Financials | 16.95% |
| 3 | Healthcare | 12.33% |
| 4 | Consumer Discretionary | 11.23% |
| 5 | Communication Services | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Dycom Industries
DY
$12.3B
| $160K | 0.08% |
2,118
-11,565
| -85% | -$797K |
|
202
National Beverage
FIZZ
$3.01B
| $160K | 0.08% |
3,762
-22,372
| -86% | -$962K |
|
203
Travel + Leisure Co
TNL
$4.7B
| $160K | 0.08% |
3,576
-4,953
| -58% | -$194K |
|
|
WRK
204
DELISTED
WestRock Company
WRK
| $156K | 0.08% |
+3,583
| New | +$148K |
|
205
Builders FirstSource
BLDR
$8.04B
| $155K | 0.08% |
3,796
-20,540
| -84% | -$728K |
|
206
CBRE Group
CBRE
$42.9B
| $154K | 0.08% |
2,456
-11,827
| -83% | -$668K |
|
207
Timken Company
TKR
$9.03B
| $149K | 0.08% |
1,930
-11,852
| -86% | -$807K |
|
208
Quanta Services
PWR
$101B
| $148K | 0.07% |
2,061
-12,192
| -86% | -$804K |
|
|
NVTA
209
DELISTED
Invitae Corporation
NVTA
| $147K | 0.07% |
+3,525
| New | +$168K |
|
210
Nucor
NUE
$62.1B
| $146K | 0.07% |
2,743
-10,631
| -79% | -$549K |
|
211
Boyd Gaming
BYD
$6.06B
| $144K | 0.07% |
+3,351
| New | +$123K |
|
|
TPH
212
DELISTED
Tri Pointe Homes
TPH
| $143K | 0.07% |
8,305
-29,601
| -78% | -$523K |
|
213
Baker Hughes
BKR
$61.1B
| $141K | 0.07% |
+6,747
| New | +$119K |
|
214
Arch Capital
ACGL
$33.6B
| $140K | 0.07% |
3,891
-19,632
| -83% | -$644K |
|
|
BECN
215
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $134K | 0.07% |
+3,328
| New | +$122K |
|
216
Brunswick
BC
$5.28B
| $133K | 0.07% |
+1,748
| New | +$123K |
|
217
Landstar System
LSTR
$6.21B
| $132K | 0.07% |
981
-4,699
| -83% | -$616K |
|
218
Insperity
NSP
$2.01B
| $132K | 0.07% |
1,623
-7,709
| -83% | -$633K |
|
219
Clorox
CLX
$12.7B
| $129K | 0.07% |
+639
| New | +$132K |
|
220
Upwork
UPWK
$1.19B
| $127K | 0.06% |
3,679
-16,207
| -81% | -$463K |
|
221
PENN Entertainment
PENN
$2.71B
| $124K | 0.06% |
+1,440
| New | +$103K |
|
|
LNW
222
DELISTED
Light & Wonder
LNW
| $123K | 0.06% |
+2,975
| New | +$110K |
|
223
Mohawk Industries
MHK
$9.22B
| $119K | 0.06% |
+846
| New | +$102K |
|
|
MODV
224
DELISTED
ModivCare
MODV
| $118K | 0.06% |
+849
| New | +$105K |
|
225
Hilltop Holdings
HTH
$2.24B
| $109K | 0.05% |
+3,964
| New | +$95.2K |
|
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Convergence Investment Partners's Q4 2020 Portfolio in Review
As of Q4 2020, Convergence Investment Partners held 292 positions worth $199M, down 31% from $287M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $116M in Q4 2020, closing 65 positions and reducing 118 holdings. Its most notable exit was Marathon Petroleum, an estimated $1.71M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Goldman Sachs worth $2.33M.
- Convergence Investment Partners's largest Q4 2020 buy was Goldman Sachs: 8,825 shares worth $2.33M.
- Convergence Investment Partners added most to United Parcel Service in Q4 2020, an estimated $1.44M increase.
- Convergence Investment Partners's biggest Q4 2020 reduction was Gilead Sciences, cutting an estimated $2M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q4 2020, selling an estimated $1.71M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $199M portfolio in Q4 2020.
- Convergence Investment Partners opened 63 new positions and closed 65 in Q4 2020.
- Convergence Investment Partners's portfolio value fell 31% quarter-over-quarter to $199M.
Based on Convergence Investment Partners's 13F filing for Q4 2020, filed 5 Feb 2021.