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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
+4.24%
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
$720M
AUM Growth
-$26.9M
(-3.6%)
Cap. Flow
-$44.5M
Cap. Flow
% of AUM
-6.17%
Top 10 Holdings %
Top 10 Hldgs %
11.03%
Holding
470
New
120
Increased
125
Reduced
110
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$4.58M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$4.34M |
| 3 |
Merck
MRK
|
+$4.27M |
| 4 |
Citigroup
C
|
+$3.83M |
| 5 |
State Street
STT
|
+$3.81M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$7.97M |
| 2 |
Morgan Stanley
MS
|
+$6.89M |
| 3 |
Phillips 66
PSX
|
+$5.71M |
| 4 |
HP
HPQ
|
+$5.4M |
| 5 |
JPMorgan Chase
JPM
|
+$4.64M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.77% |
| 2 | Financials | 14.29% |
| 3 | Healthcare | 12.04% |
| 4 | Industrials | 11.67% |
| 5 | Consumer Discretionary | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
GE Aerospace
GE
$367B
| $12.5M | 1.73% |
105,083
-6,464
| -6% | -$769K |
|
2
Apple
AAPL
$4.89T
| $10.5M | 1.46% |
337,540
-92,868
| -22% | -$2.8M |
|
|
3
JPMorgan Chase
JPM
$939B
| $8.07M | 1.12% |
133,254
-78,419
| -37% | -$4.64M |
|
4
Microsoft
MSFT
$2.84T
| $7.84M | 1.09% |
192,969
-63,800
| -25% | -$2.78M |
|
5
Wells Fargo
WFC
$261B
| $7.71M | 1.07% |
141,692
+40,966
| +41% | +$2.21M |
|
6
Johnson & Johnson
JNJ
$635B
| $7.35M | 1.02% |
73,056
-7,354
| -9% | -$748K |
|
7
Gilead Sciences
GILD
$161B
| $7.08M | 0.98% |
72,192
-2,606
| -3% | -$265K |
|
|
8
Merck
MRK
$324B
| $6.28M | 0.87% |
114,407
+75,411
| +193% | +$4.27M |
|
9
Comcast
CMCSA
$79.1B
| $6.06M | 0.84% |
214,628
+67,108
| +45% | +$1.93M |
|
|
10
Citigroup
C
$222B
| $6.04M | 0.84% |
117,294
+75,292
| +179% | +$3.83M |
|
11
Amgen
AMGN
$203B
| $5.95M | 0.83% |
37,193
+23,946
| +181% | +$3.77M |
|
|
12
State Street
STT
$50.9B
| $5.74M | 0.8% |
78,058
+50,875
| +187% | +$3.81M |
|
|
SAFM
13
DELISTED
Sanderson Farms Inc
SAFM
| $5.55M | 0.77% |
69,725
+22,495
| +48% | +$1.83M |
|
|
DFT
14
DELISTED
DuPont Fabros Technology Inc.
DFT
| $5.53M | 0.77% |
169,081
+23,650
| +16% | +$798K |
|
15
Chevron
CVX
$388B
| $5.36M | 0.74% |
51,059
+13,668
| +37% | +$1.46M |
|
16
Cal-Maine
CALM
$4.28B
| $5.3M | 0.74% |
135,782
+69,977
| +106% | +$2.59M |
|
17
Intel
INTC
$466B
| $5.3M | 0.74% |
169,455
-53,891
| -24% | -$1.82M |
|
|
WRI
18
DELISTED
Weingarten Realty Investors
WRI
| $5.24M | 0.73% |
145,576
+58,656
| +67% | +$2.14M |
|
|
HNT
19
DELISTED
HEALTH NET INC
HNT
| $5.24M | 0.73% |
86,580
+120
| +0.1% | +$6.76K |
|
|
CHSP
20
DELISTED
Chesapeake Lodging Trust
CHSP
| $5.13M | 0.71% |
151,786
+80,846
| +114% | +$2.9M |
|
21
AT&T
T
$165B
| $5.11M | 0.71% |
207,279
+47,643
| +30% | +$1.21M |
|
|
WCG
22
DELISTED
Wellcare Health Plans, Inc.
WCG
| $5.02M | 0.7% |
+54,893
| New | +$4.58M |
|
|
CELG
23
DELISTED
Celgene Corp
CELG
| $4.97M | 0.69% |
43,139
+25,442
| +144% | +$3.04M |
|
24
Molina Healthcare
MOH
$10.3B
| $4.96M | 0.69% |
73,640
-9,040
| -11% | -$522K |
|
25
Cisco
CSCO
$450B
| $4.9M | 0.68% |
178,177
+82,952
| +87% | +$2.34M |
|
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Convergence Investment Partners's Q1 2015 Portfolio in Review
As of Q1 2015, Convergence Investment Partners held 470 positions worth $720M, down 3.6% from $747M the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Convergence Investment Partners withdrew a net $44.5M in Q1 2015, closing 112 positions and reducing 110 holdings. Its most notable exit was Morgan Stanley, an estimated $6.89M position sold in full.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Wellcare Health Plans, Inc. worth $5.02M.
- Convergence Investment Partners's largest Q1 2015 buy was Wellcare Health Plans, Inc.: 54,893 shares worth $5.02M.
- Convergence Investment Partners added most to Merck in Q1 2015, an estimated $4.27M increase.
- Convergence Investment Partners's biggest Q1 2015 reduction was Oracle, cutting an estimated $7.97M.
- Convergence Investment Partners fully exited Morgan Stanley in Q1 2015, selling an estimated $6.89M.
- Convergence Investment Partners's ten largest holdings make up 11% of its $720M portfolio in Q1 2015.
- Convergence Investment Partners opened 120 new positions and closed 112 in Q1 2015.
- Convergence Investment Partners's portfolio value fell 3.6% quarter-over-quarter to $720M.
Based on Convergence Investment Partners's 13F filing for Q1 2015, filed 1 May 2015.