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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
+0.77%
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
$729M
AUM Growth
-$28.5M
Cap. Flow
-$22.1M
Cap. Flow %
-3.03%
Top 10 Hldgs %
14.5%
Holding
474
New
110
Increased
97
Reduced
134
Closed
118

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$7.64M
2
SIR
SELECT INCOME REIT
SIR
+$5.78M
3
CDP icon
COPT Defense Properties
CDP
+$5.65M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$5.33M
5
HPQ icon
HP
HPQ
+$5.02M

Top Sells

Rank Stock Value
1
COP icon
ConocoPhillips
COP
+$6.55M
2
C icon
Citigroup
C
+$5.72M
3
MSFT icon
Microsoft
MSFT
+$5.28M
4
META icon
Meta Platforms (Facebook)
META
+$4.72M
5
WCG
Wellcare Health Plans, Inc.
WCG
+$4.29M

Sector Composition

Rank Sector Weight
1 Technology 14.61%
2 Financials 14.2%
3 Healthcare 11.97%
4 Industrials 11.15%
5 Energy 9.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GE icon
1
GE Aerospace
GE
$367B
$14.8M 2.03%
120,805
-6,908
-5% -$861K
XOM icon
2
ExxonMobil
XOM
$651B
$13.5M 1.85%
143,446
-20,696
-13% -$2.06M
JPM icon
3
JPMorgan Chase
JPM
$939B
$13.4M 1.83%
221,663
+19,298
+10% +$1.13M
MSFT icon
4
Microsoft
MSFT
$2.84T
$12.5M 1.72%
270,262
-118,381
-30% -$5.28M
AAPL icon
5
Apple
AAPL
$4.89T
$12.2M 1.68%
485,624
-137,164
-22% -$3.37M
JNJ icon
6
Johnson & Johnson
JNJ
$635B
$8.34M 1.14%
78,213
-13,034
-14% -$1.35M
GILD icon
7
Gilead Sciences
GILD
$161B
$8.31M 1.14%
+78,065
New +$7.64M
ORCL icon
8
Oracle
ORCL
$331B
$8.16M 1.12%
213,131
-27,850
-12% -$1.13M
WFC icon
9
Wells Fargo
WFC
$261B
$7.47M 1.02%
143,937
-41,472
-22% -$2.13M
INTC icon
10
Intel
INTC
$466B
$7.04M 0.97%
202,170
+72,867
+56% +$2.47M
QCOM icon
11
Qualcomm
QCOM
$176B
$7.03M 0.96%
94,047
+60,078
+177% +$4.6M
PFE icon
12
Pfizer
PFE
$140B
$6.66M 0.91%
237,340
-149,997
-39% -$4.21M
COP icon
13
ConocoPhillips
COP
$147B
$6.53M 0.9%
85,347
-80,085
-48% -$6.55M
CAT icon
14
Caterpillar
CAT
$409B
$6.31M 0.87%
63,761
+11,973
+23% +$1.27M
T icon
15
AT&T
T
$165B
$5.93M 0.81%
222,744
-36,425
-14% -$969K
GOOG icon
16
Alphabet (Google) Class C
GOOG
$3.9T
$5.69M 0.78%
194,212
+184,385
+1,876% +$5.33M
HPQ icon
17
HP
HPQ
$23.5B
$5.35M 0.73%
332,310
+309,295
+1,344% +$5.02M
MPC icon
18
Marathon Petroleum
MPC
$90.3B
$5.33M 0.73%
125,946
+36,706
+41% +$1.56M
VLO icon
19
Valero Energy
VLO
$89.8B
$5.25M 0.72%
113,388
+4,554
+4% +$230K
BAC icon
20
Bank of America
BAC
$435B
$5.2M 0.71%
304,987
+280,429
+1,142% +$4.46M
CDP icon
21
COPT Defense Properties
CDP
$4.31B
$5.2M 0.71%
+202,064
New +$5.65M
HME
22
DELISTED
HOME PROPERTIES, INC
HME
$5.19M 0.71%
89,116
+27,270
+44% +$1.72M
SIR
23
DELISTED
SELECT INCOME REIT
SIR
$5.06M 0.69%
+478,524
New +$5.78M
JNS
24
DELISTED
Janus Capital Group Inc
JNS
$4.97M 0.68%
341,670
-9,484
-3% -$115K
WKC icon
25
World Kinect Corp
WKC
$1.96B
$4.96M 0.68%
124,343
+48,280
+63% +$2.16M
1
2 3 4 5

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Convergence Investment Partners's Q3 2014 Portfolio in Review

As of Q3 2014, Convergence Investment Partners held 474 positions worth $729M, down 3.8% from $758M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Convergence Investment Partners withdrew a net $22.1M in Q3 2014, closing 118 positions and reducing 134 holdings. Its most notable exit was Wellcare Health Plans, Inc., an estimated $4.29M position sold in full.

By sector, the portfolio is most concentrated in Technology at 15% of assets, down from 15% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in Gilead Sciences worth $8.31M.

  • Convergence Investment Partners's largest Q3 2014 buy was Gilead Sciences: 78,065 shares worth $8.31M.
  • Convergence Investment Partners added most to Alphabet (Google) Class C in Q3 2014, an estimated $5.33M increase.
  • Convergence Investment Partners's biggest Q3 2014 reduction was ConocoPhillips, cutting an estimated $6.55M.
  • Convergence Investment Partners fully exited Wellcare Health Plans, Inc. in Q3 2014, selling an estimated $4.29M.
  • Convergence Investment Partners's ten largest holdings make up 15% of its $729M portfolio in Q3 2014.
  • Convergence Investment Partners opened 110 new positions and closed 118 in Q3 2014.
  • Convergence Investment Partners's portfolio value fell 3.8% quarter-over-quarter to $729M.

Based on Convergence Investment Partners's 13F filing for Q3 2014, filed 12 Nov 2014.