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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
+1.19%
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
$727M
AUM Growth
-$114M
(-14%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-15.44%
Top 10 Holdings %
Top 10 Hldgs %
12.48%
Holding
422
New
99
Increased
68
Reduced
135
Closed
114
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Community Health Systems
CYH
|
+$5.1M |
| 2 |
DYN
Dynegy, Inc.
DYN
|
+$5.07M |
| 3 |
ON Semiconductor
ON
|
+$4.6M |
| 4 |
Zions Bancorporation
ZION
|
+$4.4M |
| 5 |
PDM
Piedmont Realty Trust
PDM
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$7.52M |
| 2 |
Coty
COTY
|
+$5.41M |
| 3 |
ONE Gas
OGS
|
+$5.34M |
| 4 |
Honeywell
HON
|
+$5.3M |
| 5 |
MENT
Mentor Graphics Corp
MENT
|
+$5.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.69% |
| 2 | Technology | 13.71% |
| 3 | Industrials | 12.3% |
| 4 | Healthcare | 11.84% |
| 5 | Consumer Staples | 9.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
JPMorgan Chase
JPM
$930B
| $12.5M | 1.72% |
201,267
-56,566
| -22% | -$3.53M |
|
2
Apple
AAPL
$4.72T
| $11.4M | 1.57% |
477,484
-50,420
| -10% | -$1.25M |
|
3
Verizon
VZ
$183B
| $10.2M | 1.4% |
182,512
-19,619
| -10% | -$1.02M |
|
4
Boeing
BA
$165B
| $9.24M | 1.27% |
71,169
-4,475
| -6% | -$583K |
|
5
GE Aerospace
GE
$362B
| $8.92M | 1.23% |
59,097
+10,406
| +21% | +$1.52M |
|
6
Intel
INTC
$504B
| $8.49M | 1.17% |
258,818
+54,220
| +27% | +$1.7M |
|
7
Gilead Sciences
GILD
$162B
| $8.45M | 1.16% |
101,250
-19,551
| -16% | -$1.74M |
|
8
Walmart Inc
WMT
$863B
| $7.56M | 1.04% |
310,662
-53,751
| -15% | -$1.24M |
|
|
DF
9
DELISTED
Dean Foods Company
DF
| $6.95M | 0.96% |
384,149
-50,564
| -12% | -$896K |
|
10
AbbVie
ABBV
$454B
| $6.93M | 0.95% |
111,876
-49,339
| -31% | -$3.01M |
|
11
Microsoft
MSFT
$2.83T
| $6.73M | 0.93% |
131,484
-22,426
| -15% | -$1.17M |
|
12
Amgen
AMGN
$201B
| $6.39M | 0.88% |
42,000
-17,633
| -30% | -$2.74M |
|
13
Chevron
CVX
$387B
| $6.24M | 0.86% |
59,483
-1,194
| -2% | -$120K |
|
|
ACH
14
Accendra Health
ACH
$240M
| $6.17M | 0.85% |
165,086
+620
| +0.4% | +$23.3K |
|
15
AT&T
T
$160B
| $5.96M | 0.82% |
182,735
-3,074
| -2% | -$91.5K |
|
16
Procter & Gamble
PG
$342B
| $5.92M | 0.81% |
69,854
-4,809
| -6% | -$395K |
|
17
Southwest Gas
SWX
$6.73B
| $5.86M | 0.81% |
74,426
-5,546
| -7% | -$383K |
|
18
Valero Energy
VLO
$90.6B
| $5.77M | 0.79% |
113,131
+714
| +0.6% | +$40.4K |
|
19
Regions Financial
RF
$26.2B
| $5.49M | 0.76% |
645,057
+181,169
| +39% | +$1.64M |
|
20
Leidos
LDOS
$13.9B
| $5.48M | 0.75% |
114,553
-28,868
| -20% | -$1.43M |
|
|
CA
21
DELISTED
CA, Inc.
CA
| $5.43M | 0.75% |
165,274
+96,201
| +139% | +$3.01M |
|
|
RAX
22
DELISTED
Rackspace Hosting Inc
RAX
| $5.32M | 0.73% |
254,962
+50,720
| +25% | +$1.18M |
|
23
Capital One
COF
$123B
| $5.25M | 0.72% |
82,735
+2,517
| +3% | +$175K |
|
24
Target
TGT
$61.1B
| $5.15M | 0.71% |
73,713
+31,928
| +76% | +$2.38M |
|
25
Altria Group
MO
$120B
| $5.13M | 0.71% |
74,437
-1,651
| -2% | -$106K |
|
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Convergence Investment Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Convergence Investment Partners held 422 positions worth $727M, down 14% from $840M the previous quarter. Its ten largest holdings account for 12% of the portfolio.
Convergence Investment Partners withdrew a net $112M in Q2 2016, closing 114 positions and reducing 135 holdings. Its most notable exit was Coty, an estimated $5.41M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Convergence Investment Partners opened a new position in Community Health Systems worth $4.19M.
- Convergence Investment Partners's largest Q2 2016 buy was Community Health Systems: 347,941 shares worth $4.19M.
- Convergence Investment Partners added most to IBM in Q2 2016, an estimated $3.39M increase.
- Convergence Investment Partners's biggest Q2 2016 reduction was Bank of America, cutting an estimated $7.52M.
- Convergence Investment Partners fully exited Coty in Q2 2016, selling an estimated $5.41M.
- Convergence Investment Partners's ten largest holdings make up 12% of its $727M portfolio in Q2 2016.
- Convergence Investment Partners opened 99 new positions and closed 114 in Q2 2016.
- Convergence Investment Partners's portfolio value fell 14% quarter-over-quarter to $727M.
Based on Convergence Investment Partners's 13F filing for Q2 2016, filed 10 Aug 2016.