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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
+4.96%
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
$414M
AUM Growth
-$44.2M
(-9.7%)
Cap. Flow
-$55.4M
Cap. Flow
% of AUM
-13.39%
Top 10 Holdings %
Top 10 Hldgs %
15.17%
Holding
412
New
108
Increased
72
Reduced
114
Closed
116
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lockheed Martin
LMT
|
+$2.43M |
| 2 |
Intuit
INTU
|
+$2.21M |
| 3 |
Cadence Design Systems
CDNS
|
+$2.05M |
| 4 |
Sinclair Inc
SBGI
|
+$2.01M |
| 5 |
Delek US
DK
|
+$1.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Honeywell
HON
|
+$3.95M |
| 2 |
JPMorgan Chase
JPM
|
+$3.64M |
| 3 |
Walt Disney
DIS
|
+$3.14M |
| 4 |
Pfizer
PFE
|
+$2.63M |
| 5 |
Microsoft
MSFT
|
+$2.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.46% |
| 2 | Financials | 16.39% |
| 3 | Healthcare | 13.02% |
| 4 | Industrials | 11% |
| 5 | Consumer Discretionary | 8.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Verizon
VZ
$194B
| $8.6M | 2.08% |
150,473
-4,963
| -3% | -$286K |
|
2
Apple
AAPL
$4.89T
| $8.46M | 2.04% |
171,004
-19,568
| -10% | -$953K |
|
|
3
Microsoft
MSFT
$2.84T
| $7.45M | 1.8% |
55,605
-19,755
| -26% | -$2.51M |
|
4
Walmart Inc
WMT
$871B
| $6.02M | 1.45% |
163,344
+1,443
| +0.9% | +$49.7K |
|
5
Cisco
CSCO
$450B
| $5.9M | 1.42% |
107,745
-11,133
| -9% | -$615K |
|
6
Citigroup
C
$222B
| $5.3M | 1.28% |
75,630
-6,871
| -8% | -$460K |
|
7
IBM
IBM
$202B
| $5.29M | 1.28% |
40,163
+1,182
| +3% | +$155K |
|
8
Boeing
BA
$165B
| $5.28M | 1.28% |
14,496
-2,703
| -16% | -$986K |
|
9
Valero Energy
VLO
$89.8B
| $5.27M | 1.27% |
61,527
+632
| +1% | +$52.2K |
|
|
10
Pfizer
PFE
$140B
| $5.25M | 1.27% |
127,654
-66,324
| -34% | -$2.63M |
|
11
AT&T
T
$165B
| $5M | 1.21% |
197,565
+4,908
| +3% | +$118K |
|
12
Amgen
AMGN
$203B
| $4.99M | 1.21% |
27,076
-1,470
| -5% | -$263K |
|
13
Wells Fargo
WFC
$261B
| $4.98M | 1.2% |
105,284
+36,712
| +54% | +$1.72M |
|
14
AbbVie
ABBV
$458B
| $4.62M | 1.12% |
63,541
-5,117
| -7% | -$402K |
|
15
Bank of America
BAC
$435B
| $4.61M | 1.11% |
159,004
-23,411
| -13% | -$675K |
|
|
16
Lockheed Martin
LMT
$134B
| $4.42M | 1.07% |
12,150
+7,259
| +148% | +$2.43M |
|
|
17
JPMorgan Chase
JPM
$939B
| $4.32M | 1.04% |
38,676
-32,976
| -46% | -$3.64M |
|
18
Qualcomm
QCOM
$176B
| $4.32M | 1.04% |
56,833
-8,463
| -13% | -$620K |
|
19
Oracle
ORCL
$331B
| $4.22M | 1.02% |
74,160
+16,550
| +29% | +$896K |
|
20
Union Pacific
UNP
$183B
| $4.19M | 1.01% |
24,788
-1,599
| -6% | -$274K |
|
21
Home Depot
HD
$332B
| $4.18M | 1.01% |
20,108
-2,075
| -9% | -$414K |
|
22
Altria Group
MO
$122B
| $4.16M | 1% |
87,807
-33,702
| -28% | -$1.77M |
|
23
Omnicom Group
OMC
$22.7B
| $4.06M | 0.98% |
49,546
+7,775
| +19% | +$614K |
|
24
Procter & Gamble
PG
$343B
| $3.98M | 0.96% |
36,337
-7,216
| -17% | -$769K |
|
25
Chevron
CVX
$388B
| $3.83M | 0.93% |
30,767
-2,130
| -6% | -$258K |
|
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Convergence Investment Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Convergence Investment Partners held 412 positions worth $414M, down 9.7% from $458M the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Convergence Investment Partners withdrew a net $55.4M in Q2 2019, closing 116 positions and reducing 114 holdings. Its most notable exit was Marathon Petroleum, an estimated $2.39M 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 Intuit worth $2.27M.
- Convergence Investment Partners's largest Q2 2019 buy was Intuit: 8,700 shares worth $2.27M.
- Convergence Investment Partners added most to Lockheed Martin in Q2 2019, an estimated $2.43M increase.
- Convergence Investment Partners's biggest Q2 2019 reduction was Honeywell, cutting an estimated $3.95M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q2 2019, selling an estimated $2.39M.
- Convergence Investment Partners's ten largest holdings make up 15% of its $414M portfolio in Q2 2019.
- Convergence Investment Partners opened 108 new positions and closed 116 in Q2 2019.
- Convergence Investment Partners's portfolio value fell 9.7% quarter-over-quarter to $414M.
Based on Convergence Investment Partners's 13F filing for Q2 2019, filed 23 Jul 2019.