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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
+12.88%
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
$458M
AUM Growth
+$22.8M
(+5.2%)
Cap. Flow
-$17.4M
Cap. Flow
% of AUM
-3.81%
Top 10 Holdings %
Top 10 Hldgs %
16.08%
Holding
399
New
94
Increased
75
Reduced
135
Closed
95
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$2.87M |
| 2 |
Ameriprise Financial
AMP
|
+$2.66M |
| 3 |
Procter & Gamble
PG
|
+$2.07M |
| 4 |
PayPal
PYPL
|
+$1.96M |
| 5 |
Illinois Tool Works
ITW
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
W.W. Grainger
GWW
|
+$3.14M |
| 2 |
HF Sinclair
DINO
|
+$2.65M |
| 3 |
Archer Daniels Midland
ADM
|
+$2.12M |
| 4 |
CVS Health
CVS
|
+$2.1M |
| 5 |
PBF Energy
PBF
|
+$2.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.41% |
| 2 | Financials | 15.59% |
| 3 | Healthcare | 13.63% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Verizon
VZ
$194B
| $9.19M | 2.01% |
155,436
-4,631
| -3% | -$262K |
|
2
Apple
AAPL
$4.89T
| $9.05M | 1.98% |
190,572
+37,284
| +24% | +$1.58M |
|
3
Microsoft
MSFT
$2.84T
| $8.89M | 1.94% |
75,360
-4,930
| -6% | -$538K |
|
4
Pfizer
PFE
$140B
| $7.82M | 1.71% |
193,978
-8,958
| -4% | -$359K |
|
5
JPMorgan Chase
JPM
$939B
| $7.25M | 1.58% |
71,652
-18,272
| -20% | -$1.88M |
|
6
Altria Group
MO
$122B
| $6.98M | 1.52% |
121,509
+30,806
| +34% | +$1.57M |
|
7
Boeing
BA
$165B
| $6.56M | 1.43% |
17,199
-3,215
| -16% | -$1.24M |
|
8
Cisco
CSCO
$450B
| $6.42M | 1.4% |
118,878
-1,352
| -1% | -$65.7K |
|
9
Intel
INTC
$466B
| $5.95M | 1.3% |
110,830
-22,511
| -17% | -$1.14M |
|
10
AbbVie
ABBV
$458B
| $5.53M | 1.21% |
68,658
-3,060
| -4% | -$250K |
|
11
Amgen
AMGN
$203B
| $5.42M | 1.18% |
28,546
-290
| -1% | -$55.4K |
|
12
Walmart Inc
WMT
$871B
| $5.26M | 1.15% |
161,901
-26,103
| -14% | -$846K |
|
13
IBM
IBM
$202B
| $5.26M | 1.15% |
38,981
-2,632
| -6% | -$336K |
|
14
Valero Energy
VLO
$89.8B
| $5.17M | 1.13% |
60,895
-3
| -0% | -$248 |
|
15
Citigroup
C
$222B
| $5.13M | 1.12% |
82,501
-10,527
| -11% | -$654K |
|
16
Bank of America
BAC
$435B
| $5.03M | 1.1% |
182,415
-13,065
| -7% | -$369K |
|
17
ExxonMobil
XOM
$651B
| $4.75M | 1.04% |
58,742
+16,682
| +40% | +$1.27M |
|
18
AT&T
T
$165B
| $4.56M | 1% |
192,657
+2,394
| +1% | +$55.1K |
|
|
19
Procter & Gamble
PG
$343B
| $4.53M | 0.99% |
43,553
+21,227
| +95% | +$2.07M |
|
20
Union Pacific
UNP
$183B
| $4.41M | 0.96% |
26,387
+4,604
| +21% | +$741K |
|
21
Comcast
CMCSA
$79.1B
| $4.27M | 0.93% |
106,884
-7,135
| -6% | -$268K |
|
22
Home Depot
HD
$332B
| $4.26M | 0.93% |
22,183
+747
| +3% | +$137K |
|
23
Amazon
AMZN
$2.5T
| $4.13M | 0.9% |
46,400
-680
| -1% | -$56.6K |
|
24
Chevron
CVX
$388B
| $4.05M | 0.88% |
32,897
+10,563
| +47% | +$1.25M |
|
25
Honeywell
HON
$77.1B
| $4.01M | 0.88% |
26,765
+759
| +3% | +$106K |
|
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Convergence Investment Partners's Q1 2019 Portfolio in Review
As of Q1 2019, Convergence Investment Partners held 399 positions worth $458M, up 5.2% from $435M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Convergence Investment Partners withdrew a net $17.4M in Q1 2019, closing 95 positions and reducing 135 holdings. Its most notable exit was W.W. Grainger, an estimated $3.14M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Ameriprise Financial worth $2.75M.
- Convergence Investment Partners's largest Q1 2019 buy was Ameriprise Financial: 21,456 shares worth $2.75M.
- Convergence Investment Partners added most to Wells Fargo in Q1 2019, an estimated $2.87M increase.
- Convergence Investment Partners's biggest Q1 2019 reduction was CVS Health, cutting an estimated $2.1M.
- Convergence Investment Partners fully exited W.W. Grainger in Q1 2019, selling an estimated $3.14M.
- Convergence Investment Partners's ten largest holdings make up 16% of its $458M portfolio in Q1 2019.
- Convergence Investment Partners opened 94 new positions and closed 95 in Q1 2019.
- Convergence Investment Partners's portfolio value rose 5.2% quarter-over-quarter to $458M.
Based on Convergence Investment Partners's 13F filing for Q1 2019, filed 1 May 2019.