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CIP

Convergence Investment Partners Portfolio holdings

AUM $611M
1-Year Est. Return 61.48%
This Fund
S&P 500
This Quarter Est. Return
+6.24%
1 Year Est. Return
+61.48%
3 Year Est. Return
+199.5%
5 Year Est. Return
+275.62%
10 Year Est. Return
+998.75%
AUM
$473M
AUM Growth
+$87.6M
Cap. Flow
+$72.5M
Cap. Flow %
15.32%
Top 10 Hldgs %
19.99%
Holding
399
New
76
Increased
122
Reduced
105
Closed
89

Top Buys

Rank Stock Value
1
CSCO icon
Cisco
CSCO
+$7.68M
2
AAPL icon
Apple
AAPL
+$5.84M
3
V icon
Visa
V
+$4.94M
4
CMCSA icon
Comcast
CMCSA
+$4.66M
5
BAC icon
Bank of America
BAC
+$4.24M

Top Sells

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$5.31M
2
IBM icon
IBM
IBM
+$5.08M
3
HPQ icon
HP
HPQ
+$4.36M
4
XRX icon
Xerox
XRX
+$4.18M
5
AVT icon
Avnet
AVT
+$3.37M

Sector Composition

Rank Sector Weight
1 Technology 15.66%
2 Financials 14.54%
3 Industrials 12.9%
4 Energy 10.62%
5 Healthcare 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVX icon
1
Chevron
CVX
$388B
$13.1M 2.78%
108,197
+29,893
+38% +$3.67M
GE icon
2
GE Aerospace
GE
$367B
$12.7M 2.68%
110,583
+19,700
+22% +$2.26M
XOM icon
3
ExxonMobil
XOM
$651B
$12.3M 2.6%
142,795
+41,336
+41% +$3.73M
MSFT icon
4
Microsoft
MSFT
$2.84T
$12.2M 2.59%
367,795
+93,773
+34% +$3.08M
CSCO icon
5
Cisco
CSCO
$450B
$8.63M 1.82%
368,141
+309,405
+527% +$7.68M
ORCL icon
6
Oracle
ORCL
$331B
$7.53M 1.59%
227,014
+97,348
+75% +$3.16M
AFL icon
7
Aflac
AFL
$63.9B
$7.27M 1.54%
234,544
+39,080
+20% +$1.18M
PFE icon
8
Pfizer
PFE
$140B
$7.24M 1.53%
265,656
+63,536
+31% +$1.73M
LMT icon
9
Lockheed Martin
LMT
$134B
$6.88M 1.46%
53,973
+13,416
+33% +$1.63M
WFC icon
10
Wells Fargo
WFC
$261B
$6.63M 1.4%
160,413
+97,471
+155% +$4.16M
AAPL icon
11
Apple
AAPL
$4.89T
$6.42M 1.36%
377,328
+352,016
+1,391% +$5.84M
T icon
12
AT&T
T
$165B
$6.34M 1.34%
248,247
+66,537
+37% +$1.75M
LHX icon
13
L3Harris
LHX
$55.9B
$6.19M 1.31%
104,325
+20,919
+25% +$1.16M
V icon
14
Visa
V
$677B
$5.11M 1.08%
+107,020
New +$4.94M
CMCSA icon
15
Comcast
CMCSA
$79.1B
$5.05M 1.07%
223,882
+213,892
+2,141% +$4.66M
JPM icon
16
JPMorgan Chase
JPM
$939B
$5M 1.06%
96,743
+35,815
+59% +$1.92M
LLY icon
17
Eli Lilly
LLY
$1.07T
$4.66M 0.99%
92,615
+46,402
+100% +$2.43M
PSX icon
18
Phillips 66
PSX
$82.9B
$4.64M 0.98%
80,248
+23,305
+41% +$1.35M
BAC icon
19
Bank of America
BAC
$435B
$4.56M 0.96%
330,580
+297,198
+890% +$4.24M
INTC icon
20
Intel
INTC
$466B
$4.51M 0.95%
196,722
-68,229
-26% -$1.57M
RTN
21
DELISTED
Raytheon Company
RTN
$4.44M 0.94%
57,655
+13,874
+32% +$1.03M
C icon
22
Citigroup
C
$222B
$3.92M 0.83%
80,792
+72,788
+909% +$3.68M
RL icon
23
Ralph Lauren
RL
$22.2B
$3.5M 0.74%
21,278
+3,208
+18% +$557K
BRCD
24
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$3.47M 0.73%
431,080
+113,460
+36% +$812K
OLN icon
25
Olin
OLN
$2.64B
$3.27M 0.69%
141,550
+73,700
+109% +$1.74M
1
2 3 4 5

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Convergence Investment Partners's Q3 2013 Portfolio in Review

As of Q3 2013, Convergence Investment Partners held 399 positions worth $473M, up 23% from $385M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners deployed $72.5M of net new capital in Q3 2013, opening 76 new positions and adding to 122 existing holdings. Its largest new stake was Visa: 107,020 shares worth $5.11M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Prudential Financial, an estimated $5.31M trimmed.

  • Convergence Investment Partners's largest Q3 2013 buy was Visa: 107,020 shares worth $5.11M.
  • Convergence Investment Partners added most to Cisco in Q3 2013, an estimated $7.68M increase.
  • Convergence Investment Partners's biggest Q3 2013 reduction was Prudential Financial, cutting an estimated $5.31M.
  • Convergence Investment Partners fully exited Xerox in Q3 2013, selling an estimated $4.18M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $473M portfolio in Q3 2013.
  • Convergence Investment Partners opened 76 new positions and closed 89 in Q3 2013.
  • Convergence Investment Partners's portfolio value rose 23% quarter-over-quarter to $473M.

Based on Convergence Investment Partners's 13F filing for Q3 2013, filed 14 Nov 2013.