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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
+3.91%
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
$712M
AUM Growth
-$12.8M
Cap. Flow
-$26.4M
Cap. Flow %
-3.71%
Top 10 Hldgs %
12.06%
Holding
411
New
104
Increased
87
Reduced
137
Closed
80

Top Buys

Rank Stock Value
1
BA icon
Boeing
BA
+$5.24M
2
MTG icon
MGIC Investment
MTG
+$4.08M
3
AKS
AK Steel Holding Corp
AKS
+$3.78M
4
PH icon
Parker-Hannifin
PH
+$3.49M
5
DAN icon
Dana Inc
DAN
+$3.34M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$4.37M
2
MDRX
Veradigm Inc. Common Stock
MDRX
+$3.45M
3
CC icon
Chemours
CC
+$3.39M
4
ORCL icon
Oracle
ORCL
+$3.38M
5
USG
Usg
USG
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 17.16%
2 Industrials 14.44%
3 Technology 13.76%
4 Healthcare 11%
5 Consumer Discretionary 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
T icon
1
AT&T
T
$165B
$12.3M 1.72%
390,674
-36,252
-8% -$1.14M
JPM icon
2
JPMorgan Chase
JPM
$939B
$10.6M 1.49%
120,632
-23,700
-16% -$2.09M
BA icon
3
Boeing
BA
$165B
$9.73M 1.37%
55,027
+30,764
+127% +$5.24M
AAPL icon
4
Apple
AAPL
$4.89T
$8.9M 1.25%
247,956
-49,352
-17% -$1.63M
PFE icon
5
Pfizer
PFE
$140B
$8.84M 1.24%
272,369
+50,346
+23% +$1.59M
ABBV icon
6
AbbVie
ABBV
$458B
$7.62M 1.07%
116,985
-349
-0.3% -$21.9K
BAC icon
7
Bank of America
BAC
$435B
$7.11M 1%
301,404
+5,018
+2% +$119K
C icon
8
Citigroup
C
$222B
$7.11M 1%
118,809
+20,775
+21% +$1.23M
WMT icon
9
Walmart Inc
WMT
$871B
$6.93M 0.97%
288,489
-43,458
-13% -$1M
GILD icon
10
Gilead Sciences
GILD
$161B
$6.8M 0.95%
100,056
+39,451
+65% +$2.77M
MS icon
11
Morgan Stanley
MS
$337B
$6.48M 0.91%
151,259
-40,464
-21% -$1.8M
INTC icon
12
Intel
INTC
$466B
$6.04M 0.85%
167,346
+42,839
+34% +$1.55M
VLO icon
13
Valero Energy
VLO
$89.8B
$5.96M 0.84%
89,960
-11,599
-11% -$776K
AMKR icon
14
Amkor Technology
AMKR
$16.1B
$5.75M 0.81%
495,945
+95,990
+24% +$990K
AMGN icon
15
Amgen
AMGN
$203B
$5.71M 0.8%
34,817
-1,990
-5% -$331K
TDC icon
16
Teradata
TDC
$2.68B
$5.33M 0.75%
171,131
+38,517
+29% +$1.16M
DAR icon
17
Darling Ingredients
DAR
$9.93B
$5.21M 0.73%
358,456
-43,864
-11% -$578K
CVLT icon
18
Commault Systems
CVLT
$5.89B
$5.18M 0.73%
101,912
+6,679
+7% +$341K
CATM
19
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$5.17M 0.73%
110,568
+7,055
+7% +$347K
COF icon
20
Capital One
COF
$124B
$5.15M 0.72%
59,376
-10,966
-16% -$977K
SWX icon
21
Southwest Gas
SWX
$6.74B
$5.09M 0.71%
61,398
-1,357
-2% -$111K
DF
22
DELISTED
Dean Foods Company
DF
$5.04M 0.71%
256,208
+970
+0.4% +$19K
LHO
23
DELISTED
LaSalle Hotel Properties
LHO
$4.75M 0.67%
164,133
-470
-0.3% -$14K
JBL icon
24
Jabil
JBL
$32.8B
$4.6M 0.65%
158,914
-36,375
-19% -$930K
CVG
25
DELISTED
Convergys
CVG
$4.59M 0.64%
216,945
+136,734
+170% +$3.21M
1
2 3 4 5

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Convergence Investment Partners's Q1 2017 Portfolio in Review

As of Q1 2017, Convergence Investment Partners held 411 positions worth $712M, down 1.8% from $725M the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Convergence Investment Partners withdrew a net $26.4M in Q1 2017, closing 80 positions and reducing 137 holdings. Its most notable exit was Veradigm Inc. Common Stock, an estimated $3.45M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Convergence Investment Partners opened a new position in MGIC Investment worth $3.92M.

  • Convergence Investment Partners's largest Q1 2017 buy was MGIC Investment: 387,350 shares worth $3.92M.
  • Convergence Investment Partners added most to Boeing in Q1 2017, an estimated $5.24M increase.
  • Convergence Investment Partners's biggest Q1 2017 reduction was Procter & Gamble, cutting an estimated $4.37M.
  • Convergence Investment Partners fully exited Veradigm Inc. Common Stock in Q1 2017, selling an estimated $3.45M.
  • Convergence Investment Partners's ten largest holdings make up 12% of its $712M portfolio in Q1 2017.
  • Convergence Investment Partners opened 104 new positions and closed 80 in Q1 2017.
  • Convergence Investment Partners's portfolio value fell 1.8% quarter-over-quarter to $712M.

Based on Convergence Investment Partners's 13F filing for Q1 2017, filed 15 May 2017.