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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
+8.35%
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
$747M
AUM Growth
+$17.7M
Cap. Flow
-$22.8M
Cap. Flow %
-3.05%
Top 10 Hldgs %
13.37%
Holding
460
New
104
Increased
109
Reduced
123
Closed
110

Top Buys

Rank Stock Value
1
MS icon
Morgan Stanley
MS
+$6.31M
2
PBF icon
PBF Energy
PBF
+$5.47M
3
UFS
DOMTAR CORPORATION (New)
UFS
+$5.01M
4
EMR icon
Emerson Electric
EMR
+$4.68M
5
WNR
Western Refining Inc
WNR
+$4.57M

Top Sells

Rank Stock Value
1
BNY
Bank of New York Mellon
BNY
+$4.43M
2
XOM icon
ExxonMobil
XOM
+$4.31M
3
HP icon
Helmerich & Payne
HP
+$3.49M
4
HAL icon
Halliburton
HAL
+$3.48M
5
AVA icon
Avista
AVA
+$3.37M

Sector Composition

Rank Sector Weight
1 Financials 14.61%
2 Technology 13.68%
3 Industrials 11.18%
4 Healthcare 10.93%
5 Consumer Discretionary 9.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GE icon
1
GE Aerospace
GE
$367B
$13.5M 1.81%
111,547
-9,258
-8% -$1.14M
JPM icon
2
JPMorgan Chase
JPM
$939B
$13.2M 1.77%
211,673
-9,990
-5% -$601K
MSFT icon
3
Microsoft
MSFT
$2.84T
$11.9M 1.6%
256,769
-13,493
-5% -$633K
AAPL icon
4
Apple
AAPL
$4.89T
$11.9M 1.59%
430,408
-55,216
-11% -$1.5M
XOM icon
5
ExxonMobil
XOM
$651B
$8.99M 1.2%
97,269
-46,177
-32% -$4.31M
ORCL icon
6
Oracle
ORCL
$331B
$8.64M 1.16%
192,106
-21,025
-10% -$856K
JNJ icon
7
Johnson & Johnson
JNJ
$635B
$8.41M 1.13%
80,410
+2,197
+3% +$232K
INTC icon
8
Intel
INTC
$466B
$8.11M 1.09%
223,346
+21,176
+10% +$737K
GOOG icon
9
Alphabet (Google) Class C
GOOG
$3.9T
$7.72M 1.03%
291,879
+97,667
+50% +$2.62M
QCOM icon
10
Qualcomm
QCOM
$176B
$7.44M 1%
100,116
+6,069
+6% +$444K
GILD icon
11
Gilead Sciences
GILD
$161B
$7.05M 0.94%
74,798
-3,267
-4% -$338K
MS icon
12
Morgan Stanley
MS
$337B
$6.89M 0.92%
+177,492
New +$6.31M
VLO icon
13
Valero Energy
VLO
$89.8B
$6.4M 0.86%
129,277
+15,889
+14% +$770K
HPQ icon
14
HP
HPQ
$23.5B
$6.32M 0.85%
346,529
+14,219
+4% +$238K
HME
15
DELISTED
HOME PROPERTIES, INC
HME
$6M 0.8%
91,498
+2,382
+3% +$152K
MPC icon
16
Marathon Petroleum
MPC
$90.3B
$5.93M 0.79%
131,338
+5,392
+4% +$237K
PSX icon
17
Phillips 66
PSX
$82.9B
$5.71M 0.76%
79,617
+40,697
+105% +$3M
PBF icon
18
PBF Energy
PBF
$7.29B
$5.59M 0.75%
+209,826
New +$5.47M
WFC icon
19
Wells Fargo
WFC
$261B
$5.52M 0.74%
100,726
-43,211
-30% -$2.29M
BAC icon
20
Bank of America
BAC
$435B
$5.46M 0.73%
305,167
+180
+0.1% +$3.08K
DIS icon
21
Walt Disney
DIS
$165B
$5.3M 0.71%
56,284
+6,122
+12% +$552K
ANDV
22
DELISTED
Andeavor
ANDV
$5.13M 0.69%
69,034
+17,648
+34% +$1.24M
UFS
23
DELISTED
DOMTAR CORPORATION (New)
UFS
$5.11M 0.68%
+127,150
New +$5.01M
DFT
24
DELISTED
DuPont Fabros Technology Inc.
DFT
$4.83M 0.65%
145,431
-8,102
-5% -$252K
ASB icon
25
Associated Banc-Corp
ASB
$5.81B
$4.77M 0.64%
256,130
+93,076
+57% +$1.7M
1
2 3 4 5

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Convergence Investment Partners's Q4 2014 Portfolio in Review

As of Q4 2014, Convergence Investment Partners held 460 positions worth $747M, up 2.4% from $729M the previous quarter. Its ten largest holdings account for 13% of the portfolio.

Convergence Investment Partners withdrew a net $22.8M in Q4 2014, closing 110 positions and reducing 123 holdings. Its most notable exit was Bank of New York Mellon, an estimated $4.43M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.

Against the trend, Convergence Investment Partners opened a new position in Morgan Stanley worth $6.89M.

  • Convergence Investment Partners's largest Q4 2014 buy was Morgan Stanley: 177,492 shares worth $6.89M.
  • Convergence Investment Partners added most to IBM in Q4 2014, an estimated $3.21M increase.
  • Convergence Investment Partners's biggest Q4 2014 reduction was ExxonMobil, cutting an estimated $4.31M.
  • Convergence Investment Partners fully exited Bank of New York Mellon in Q4 2014, selling an estimated $4.43M.
  • Convergence Investment Partners's ten largest holdings make up 13% of its $747M portfolio in Q4 2014.
  • Convergence Investment Partners opened 104 new positions and closed 110 in Q4 2014.
  • Convergence Investment Partners's portfolio value rose 2.4% quarter-over-quarter to $747M.

Based on Convergence Investment Partners's 13F filing for Q4 2014, filed 11 Feb 2015.