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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
+2.92%
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
$359M
AUM Growth
-$54.9M
(-13%)
Cap. Flow
-$60.4M
Cap. Flow
% of AUM
-16.81%
Top 10 Holdings %
Top 10 Hldgs %
16.06%
Holding
382
New
86
Increased
52
Reduced
155
Closed
88
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$2.55M |
| 2 |
IPG
Interpublic Group of Companies
IPG
|
+$2.43M |
| 3 |
Duke Energy
DUK
|
+$2.37M |
| 4 |
AT&T
T
|
+$2.36M |
| 5 |
Medtronic
MDT
|
+$2.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Boeing
BA
|
+$4.68M |
| 2 |
Verizon
VZ
|
+$3.21M |
| 3 |
Comcast
CMCSA
|
+$3.15M |
| 4 |
AvalonBay Communities
AVB
|
+$2.59M |
| 5 |
Union Pacific
UNP
|
+$2.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.97% |
| 2 | Financials | 16.77% |
| 3 | Healthcare | 12.46% |
| 4 | Industrials | 10.79% |
| 5 | Consumer Staples | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
AT&T
T
$165B
| $8.19M | 2.28% |
286,490
+88,925
| +45% | +$2.36M |
|
2
Apple
AAPL
$4.89T
| $7.36M | 2.05% |
131,424
-39,580
| -23% | -$2.07M |
|
3
Microsoft
MSFT
$2.84T
| $6.5M | 1.81% |
46,788
-8,817
| -16% | -$1.21M |
|
|
4
Verizon
VZ
$194B
| $5.71M | 1.59% |
94,668
-55,805
| -37% | -$3.21M |
|
5
Walmart Inc
WMT
$871B
| $5.59M | 1.56% |
141,273
-22,071
| -14% | -$833K |
|
6
Cisco
CSCO
$450B
| $5.14M | 1.43% |
104,045
-3,700
| -3% | -$192K |
|
7
IBM
IBM
$202B
| $4.92M | 1.37% |
35,397
-4,766
| -12% | -$643K |
|
8
Wells Fargo
WFC
$261B
| $4.87M | 1.36% |
96,534
-8,750
| -8% | -$412K |
|
9
Intel
INTC
$466B
| $4.76M | 1.33% |
92,454
+17,874
| +24% | +$879K |
|
10
Valero Energy
VLO
$89.8B
| $4.59M | 1.28% |
53,835
-7,692
| -13% | -$622K |
|
11
Citigroup
C
$222B
| $4.58M | 1.28% |
66,336
-9,294
| -12% | -$632K |
|
12
AbbVie
ABBV
$458B
| $4.58M | 1.27% |
60,415
-3,126
| -5% | -$214K |
|
13
Chevron
CVX
$388B
| $4.39M | 1.22% |
37,057
+6,290
| +20% | +$764K |
|
14
JPMorgan Chase
JPM
$939B
| $4.36M | 1.21% |
37,055
-1,621
| -4% | -$183K |
|
15
Lockheed Martin
LMT
$134B
| $4.35M | 1.21% |
11,163
-987
| -8% | -$371K |
|
16
Amgen
AMGN
$203B
| $4.16M | 1.16% |
21,486
-5,590
| -21% | -$1.07M |
|
17
Gilead Sciences
GILD
$161B
| $4.02M | 1.12% |
63,461
+31,953
| +101% | +$2.09M |
|
18
Target
TGT
$62.1B
| $4.02M | 1.12% |
37,612
+14,087
| +60% | +$1.34M |
|
19
Home Depot
HD
$332B
| $3.94M | 1.1% |
16,972
-3,136
| -16% | -$685K |
|
20
Procter & Gamble
PG
$343B
| $3.88M | 1.08% |
31,182
-5,155
| -14% | -$609K |
|
21
Bank of America
BAC
$435B
| $3.85M | 1.07% |
132,149
-26,855
| -17% | -$772K |
|
22
Qualcomm
QCOM
$176B
| $3.74M | 1.04% |
49,072
-7,761
| -14% | -$584K |
|
23
Oracle
ORCL
$331B
| $3.63M | 1.01% |
65,907
-8,253
| -11% | -$456K |
|
24
Morgan Stanley
MS
$337B
| $3.55M | 0.99% |
83,179
+40,105
| +93% | +$1.71M |
|
25
Pfizer
PFE
$140B
| $3.41M | 0.95% |
100,163
-27,491
| -22% | -$1,000K |
|
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Convergence Investment Partners's Q3 2019 Portfolio in Review
As of Q3 2019, Convergence Investment Partners held 382 positions worth $359M, down 13% from $414M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Convergence Investment Partners withdrew a net $60.4M in Q3 2019, closing 88 positions and reducing 155 holdings. Its most notable exit was AvalonBay Communities, an estimated $2.59M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Southern Company worth $2.72M.
- Convergence Investment Partners's largest Q3 2019 buy was Southern Company: 44,037 shares worth $2.72M.
- Convergence Investment Partners added most to AT&T in Q3 2019, an estimated $2.36M increase.
- Convergence Investment Partners's biggest Q3 2019 reduction was Boeing, cutting an estimated $4.68M.
- Convergence Investment Partners fully exited AvalonBay Communities in Q3 2019, selling an estimated $2.59M.
- Convergence Investment Partners's ten largest holdings make up 16% of its $359M portfolio in Q3 2019.
- Convergence Investment Partners opened 86 new positions and closed 88 in Q3 2019.
- Convergence Investment Partners's portfolio value fell 13% quarter-over-quarter to $359M.
Based on Convergence Investment Partners's 13F filing for Q3 2019, filed 22 Oct 2019.