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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
+8.78%
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
$491M
AUM Growth
-$226M
(-32%)
Cap. Flow
-$269M
Cap. Flow
% of AUM
-54.91%
Top 10 Holdings %
Top 10 Hldgs %
15.08%
Holding
383
New
80
Increased
53
Reduced
172
Closed
78
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Verizon
VZ
|
+$3.53M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$3.41M |
| 3 |
Host Hotels & Resorts
HST
|
+$2.75M |
| 4 |
CLGX
Corelogic, Inc.
CLGX
|
+$2.67M |
| 5 |
Qualcomm
QCOM
|
+$2.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$7.05M |
| 2 |
CA
CA, Inc.
CA
|
+$6.83M |
| 3 |
AT&T
T
|
+$6.52M |
| 4 |
Caterpillar
CAT
|
+$5.37M |
| 5 |
General Mills
GIS
|
+$5.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.23% |
| 2 | Technology | 15.94% |
| 3 | Healthcare | 14.51% |
| 4 | Industrials | 12.11% |
| 5 | Consumer Discretionary | 9.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Pfizer
PFE
$140B
| $9.02M | 1.84% |
215,645
-127,191
| -37% | -$4.9M |
|
2
JPMorgan Chase
JPM
$939B
| $9M | 1.84% |
79,784
-22,766
| -22% | -$2.58M |
|
3
Microsoft
MSFT
$2.84T
| $8.89M | 1.81% |
77,735
-28,707
| -27% | -$3.11M |
|
|
4
Verizon
VZ
$194B
| $8.62M | 1.76% |
161,425
+66,759
| +71% | +$3.53M |
|
5
Apple
AAPL
$4.89T
| $7.57M | 1.54% |
134,068
-86,356
| -39% | -$4.5M |
|
6
Valero Energy
VLO
$89.8B
| $6.38M | 1.3% |
56,046
-16,516
| -23% | -$1.88M |
|
7
AbbVie
ABBV
$458B
| $6.35M | 1.3% |
67,176
-36,301
| -35% | -$3.44M |
|
8
Amgen
AMGN
$203B
| $6.32M | 1.29% |
30,469
-18,990
| -38% | -$3.74M |
|
9
Citigroup
C
$222B
| $5.91M | 1.21% |
82,420
-36,355
| -31% | -$2.57M |
|
|
10
Boeing
BA
$165B
| $5.9M | 1.2% |
15,860
-20,068
| -56% | -$7.05M |
|
11
Walmart Inc
WMT
$871B
| $5.82M | 1.19% |
185,997
-53,610
| -22% | -$1.64M |
|
12
Intel
INTC
$466B
| $5.34M | 1.09% |
113,006
-50,532
| -31% | -$2.46M |
|
13
Cisco
CSCO
$450B
| $5.28M | 1.08% |
108,423
-40,077
| -27% | -$1.8M |
|
14
Bank of America
BAC
$435B
| $5.11M | 1.04% |
173,520
-99,605
| -36% | -$3.03M |
|
15
Marathon Petroleum
MPC
$90.3B
| $5.1M | 1.04% |
63,770
-21,874
| -26% | -$1.73M |
|
16
Altria Group
MO
$122B
| $4.98M | 1.01% |
82,535
+17,792
| +27% | +$1.06M |
|
|
17
AT&T
T
$165B
| $4.85M | 0.99% |
191,290
-265,981
| -58% | -$6.52M |
|
18
Home Depot
HD
$332B
| $4.52M | 0.92% |
21,798
-7,446
| -25% | -$1.5M |
|
|
19
Qualcomm
QCOM
$176B
| $4.41M | 0.9% |
61,220
+33,227
| +119% | +$2.19M |
|
|
WBA
20
DELISTED
Walgreens Boots Alliance
WBA
| $4.36M | 0.89% |
59,815
+50,166
| +520% | +$3.41M |
|
21
CVS Health
CVS
$137B
| $4.31M | 0.88% |
54,731
+7,585
| +16% | +$542K |
|
22
Archer Daniels Midland
ADM
$41.4B
| $4.06M | 0.83% |
80,827
-20,416
| -20% | -$1M |
|
|
FITB
23
Fifth Third Bancorp
FITB
$52B
| $3.94M | 0.8% |
141,271
-40,536
| -22% | -$1.19M |
|
24
Morgan Stanley
MS
$337B
| $3.9M | 0.79% |
83,724
-29,364
| -26% | -$1.43M |
|
25
Prudential Financial
PRU
$41.7B
| $3.9M | 0.79% |
38,438
-5,022
| -12% | -$495K |
|
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Convergence Investment Partners's Q3 2018 Portfolio in Review
As of Q3 2018, Convergence Investment Partners held 383 positions worth $491M, down 32% from $716M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $269M in Q3 2018, closing 78 positions and reducing 172 holdings. Its most notable exit was General Mills, an estimated $5.04M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Host Hotels & Resorts worth $2.74M.
- Convergence Investment Partners's largest Q3 2018 buy was Host Hotels & Resorts: 129,810 shares worth $2.74M.
- Convergence Investment Partners added most to Verizon in Q3 2018, an estimated $3.53M increase.
- Convergence Investment Partners's biggest Q3 2018 reduction was Boeing, cutting an estimated $7.05M.
- Convergence Investment Partners fully exited General Mills in Q3 2018, selling an estimated $5.04M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $491M portfolio in Q3 2018.
- Convergence Investment Partners opened 80 new positions and closed 78 in Q3 2018.
- Convergence Investment Partners's portfolio value fell 32% quarter-over-quarter to $491M.
Based on Convergence Investment Partners's 13F filing for Q3 2018, filed 13 Nov 2018.