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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
-10.17%
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
$165M
AUM Growth
-$28.7M
(-15%)
Cap. Flow
-$6.44M
Cap. Flow
% of AUM
-3.89%
Top 10 Holdings %
Top 10 Hldgs %
20.5%
Holding
254
New
42
Increased
71
Reduced
89
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kimberly-Clark
KMB
|
+$2.2M |
| 2 |
NSA
National Storage Affiliates Trust
NSA
|
+$1.32M |
| 3 |
US Bancorp
USB
|
+$1.29M |
| 4 |
Unum
UNM
|
+$1.17M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$1.69M |
| 2 |
Simon Property Group
SPG
|
+$1.55M |
| 3 |
Cummins
CMI
|
+$1.17M |
| 4 |
Bank of America
BAC
|
+$1.08M |
| 5 |
Fidelity National Financial
FNF
|
+$992K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.48% |
| 2 | Healthcare | 16.87% |
| 3 | Financials | 15.66% |
| 4 | Consumer Staples | 8.79% |
| 5 | Communication Services | 8.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
Genworth Financial
GNW
$3.71B
| $76K | 0.05% |
21,417
-290
| -1% | -$1.11K |
|
202
SiriusXM
SIRI
$10.1B
| $72K | 0.04% |
+1,179
| New | +$73.2K |
|
203
Alcoa
AA
$13.2B
| – | – |
-2,945
| Closed | -$265K |
|
204
Arch Capital
ACGL
$33.6B
| – | – |
-4,463
| Closed | -$216K |
|
205
Automatic Data Processing
ADP
$108B
| – | – |
-893
| Closed | -$203K |
|
206
Allstate
ALL
$67.5B
| – | – |
-1,470
| Closed | -$204K |
|
207
Applied Materials
AMAT
$428B
| – | – |
-2,058
| Closed | -$271K |
|
208
Arrow Electronics
ARW
$10.4B
| – | – |
-4,096
| Closed | -$486K |
|
209
Avista
AVA
$3.24B
| – | – |
-3,200
| Closed | -$144K |
|
210
Booking.com
BKNG
$161B
| – | – |
-2,275
| Closed | -$214K |
|
211
Builders FirstSource
BLDR
$8.04B
| – | – |
-2,212
| Closed | -$143K |
|
212
Blackrock
BLK
$176B
| – | – |
-264
| Closed | -$202K |
|
213
Peabody Energy
BTU
$2.9B
| – | – |
-10,827
| Closed | -$266K |
|
214
Avis
CAR
$5.02B
| – | – |
-984
| Closed | -$259K |
|
215
CarGurus
CARG
$3.47B
| – | – |
-3,207
| Closed | -$136K |
|
216
CBRE Group
CBRE
$42.9B
| – | – |
-2,242
| Closed | -$205K |
|
217
Chord Energy
CHRD
$7.39B
| – | – |
-1,139
| Closed | -$167K |
|
218
Charter Communications
CHTR
$18.2B
| – | – |
-411
| Closed | -$224K |
|
|
219
Cummins
CMI
$88.7B
| – | – |
-5,724
| Closed | -$1.17M |
|
220
Concentrix
CNXC
$1.57B
| – | – |
-2,007
| Closed | -$334K |
|
221
Cognizant
CTSH
$26B
| – | – |
-5,252
| Closed | -$471K |
|
222
Dick's Sporting Goods
DKS
$18.7B
| – | – |
-7,312
| Closed | -$731K |
|
223
Everest Group
EG
$14.4B
| – | – |
-719
| Closed | -$217K |
|
224
Essex Property Trust
ESS
$18.5B
| – | – |
-396
| Closed | -$137K |
|
225
Evolent Health
EVH
$447M
| – | – |
-7,053
| Closed | -$228K |
|
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Convergence Investment Partners's Q2 2022 Portfolio in Review
As of Q2 2022, Convergence Investment Partners held 254 positions worth $165M, down 15% from $194M the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Convergence Investment Partners withdrew a net $6.44M in Q2 2022, closing 52 positions and reducing 89 holdings. Its most notable exit was Simon Property Group, an estimated $1.55M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in Kimberly-Clark worth $2.26M.
- Convergence Investment Partners's largest Q2 2022 buy was Kimberly-Clark: 16,702 shares worth $2.26M.
- Convergence Investment Partners added most to US Bancorp in Q2 2022, an estimated $1.29M increase.
- Convergence Investment Partners's biggest Q2 2022 reduction was Procter & Gamble, cutting an estimated $1.69M.
- Convergence Investment Partners fully exited Simon Property Group in Q2 2022, selling an estimated $1.55M.
- Convergence Investment Partners's ten largest holdings make up 21% of its $165M portfolio in Q2 2022.
- Convergence Investment Partners opened 42 new positions and closed 52 in Q2 2022.
- Convergence Investment Partners's portfolio value fell 15% quarter-over-quarter to $165M.
Based on Convergence Investment Partners's 13F filing for Q2 2022, filed 5 Aug 2022.