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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
+2.2%
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
$840M
AUM Growth
-$50.9M
(-5.7%)
Cap. Flow
-$65M
Cap. Flow
% of AUM
-7.73%
Top 10 Holdings %
Top 10 Hldgs %
12.62%
Holding
435
New
122
Increased
91
Reduced
108
Closed
112
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MENT
Mentor Graphics Corp
MENT
|
+$6.15M |
| 2 |
Verizon
VZ
|
+$6.08M |
| 3 |
Leidos
LDOS
|
+$5.76M |
| 4 |
Warner Bros
WBD
|
+$5.02M |
| 5 |
American Express
AXP
|
+$4.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$9.73M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$9.71M |
| 3 |
Comcast
CMCSA
|
+$7.57M |
| 4 |
IBM
IBM
|
+$7.27M |
| 5 |
Community Health Systems
CYH
|
+$5.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.13% |
| 2 | Technology | 14.49% |
| 3 | Industrials | 11.97% |
| 4 | Healthcare | 11.15% |
| 5 | Consumer Staples | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
JPMorgan Chase
JPM
$939B
| $15.3M | 1.82% |
257,833
-18,044
| -7% | -$1.05M |
|
2
Apple
AAPL
$4.89T
| $14.4M | 1.71% |
527,904
-37,716
| -7% | -$940K |
|
3
Gilead Sciences
GILD
$161B
| $11.1M | 1.32% |
120,801
-6,650
| -5% | -$600K |
|
|
4
Verizon
VZ
$194B
| $10.9M | 1.3% |
202,131
+121,613
| +151% | +$6.08M |
|
5
Cal-Maine
CALM
$4.28B
| $9.81M | 1.17% |
189,007
+10,607
| +6% | +$529K |
|
6
Boeing
BA
$165B
| $9.6M | 1.14% |
75,644
+8,976
| +13% | +$1.11M |
|
7
AbbVie
ABBV
$458B
| $9.21M | 1.1% |
161,215
-1,057
| -0.7% | -$58.9K |
|
8
Amgen
AMGN
$203B
| $8.94M | 1.06% |
59,633
-17,535
| -23% | -$2.61M |
|
9
Microsoft
MSFT
$2.84T
| $8.5M | 1.01% |
153,910
-50,351
| -25% | -$2.64M |
|
10
Walmart Inc
WMT
$871B
| $8.32M | 0.99% |
364,413
+82,014
| +29% | +$1.8M |
|
11
Bank of America
BAC
$435B
| $7.62M | 0.91% |
563,297
+146,197
| +35% | +$1.97M |
|
|
DF
12
DELISTED
Dean Foods Company
DF
| $7.53M | 0.9% |
434,713
+119,720
| +38% | +$2.26M |
|
13
GE Aerospace
GE
$367B
| $7.42M | 0.88% |
48,691
-35,590
| -42% | -$5.03M |
|
|
14
Leidos
LDOS
$14.1B
| $7.22M | 0.86% |
143,421
+120,706
| +531% | +$5.76M |
|
15
Valero Energy
VLO
$89.8B
| $7.21M | 0.86% |
112,417
+42,086
| +60% | +$2.68M |
|
|
MENT
16
DELISTED
Mentor Graphics Corp
MENT
| $6.85M | 0.82% |
+337,092
| New | +$6.15M |
|
17
Tyson Foods
TSN
$20.2B
| $6.71M | 0.8% |
100,703
-12,821
| -11% | -$771K |
|
|
ACH
18
Accendra Health
ACH
$240M
| $6.65M | 0.79% |
164,466
+79,253
| +93% | +$2.95M |
|
19
Intel
INTC
$466B
| $6.62M | 0.79% |
204,598
-20,018
| -9% | -$614K |
|
|
DFS
20
DELISTED
Discover Financial Services
DFS
| $6.34M | 0.75% |
124,438
-19,912
| -14% | -$960K |
|
|
AZPN
21
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $6.24M | 0.74% |
172,604
+48,716
| +39% | +$1.76M |
|
22
Procter & Gamble
PG
$343B
| $6.15M | 0.73% |
74,663
+48,800
| +189% | +$3.93M |
|
23
Chevron
CVX
$388B
| $5.79M | 0.69% |
60,677
+508
| +0.8% | +$44.4K |
|
24
Capital One
COF
$124B
| $5.56M | 0.66% |
80,218
-18,632
| -19% | -$1.23M |
|
25
RLJ Lodging Trust
RLJ
$1.87B
| $5.55M | 0.66% |
+242,479
| New | +$4.89M |
|
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Convergence Investment Partners's Q1 2016 Portfolio in Review
As of Q1 2016, Convergence Investment Partners held 435 positions worth $840M, down 5.7% from $891M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Convergence Investment Partners withdrew a net $65M in Q1 2016, closing 112 positions and reducing 108 holdings. Its most notable exit was eBay, an estimated $9.73M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Mentor Graphics Corp worth $6.85M.
- Convergence Investment Partners's largest Q1 2016 buy was Mentor Graphics Corp: 337,092 shares worth $6.85M.
- Convergence Investment Partners added most to Verizon in Q1 2016, an estimated $6.08M increase.
- Convergence Investment Partners's biggest Q1 2016 reduction was Alphabet (Google) Class A, cutting an estimated $9.71M.
- Convergence Investment Partners fully exited eBay in Q1 2016, selling an estimated $9.73M.
- Convergence Investment Partners's ten largest holdings make up 13% of its $840M portfolio in Q1 2016.
- Convergence Investment Partners opened 122 new positions and closed 112 in Q1 2016.
- Convergence Investment Partners's portfolio value fell 5.7% quarter-over-quarter to $840M.
Based on Convergence Investment Partners's 13F filing for Q1 2016, filed 11 May 2016.