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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
+9.38%
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
$352M
AUM Growth
-$7.27M
(-2%)
Cap. Flow
-$33.5M
Cap. Flow
% of AUM
-9.51%
Top 10 Holdings %
Top 10 Hldgs %
17.35%
Holding
345
New
51
Increased
46
Reduced
123
Closed
123
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Travel + Leisure Co
TNL
|
+$2.66M |
| 2 |
General Mills
GIS
|
+$2.22M |
| 3 |
Whirlpool
WHR
|
+$2.13M |
| 4 |
LyondellBasell Industries
LYB
|
+$1.7M |
| 5 |
Meta Platforms (Facebook)
META
|
+$1.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Starbucks
SBUX
|
+$2.48M |
| 2 |
GRMN
Garmin
GRMN
|
+$2.2M |
| 3 |
PDM
Piedmont Realty Trust
PDM
|
+$1.9M |
| 4 |
IPG
Interpublic Group of Companies
IPG
|
+$1.55M |
| 5 |
Manhattan Associates
MANH
|
+$1.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.41% |
| 2 | Technology | 16.67% |
| 3 | Healthcare | 13.01% |
| 4 | Consumer Discretionary | 9.23% |
| 5 | Industrials | 9.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.89T
| $9.02M | 2.56% |
122,844
-8,580
| -7% | -$552K |
|
2
AT&T
T
$165B
| $8.22M | 2.34% |
278,453
-8,037
| -3% | -$232K |
|
3
Microsoft
MSFT
$2.84T
| $7.02M | 2% |
44,500
-2,288
| -5% | -$336K |
|
4
Cisco
CSCO
$450B
| $5.82M | 1.65% |
121,239
+17,194
| +17% | +$799K |
|
5
Verizon
VZ
$194B
| $5.72M | 1.63% |
93,161
-1,507
| -2% | -$90.9K |
|
6
Walmart Inc
WMT
$871B
| $5.33M | 1.52% |
134,673
-6,600
| -5% | -$262K |
|
7
Amgen
AMGN
$203B
| $5.03M | 1.43% |
20,858
-628
| -3% | -$138K |
|
8
Wells Fargo
WFC
$261B
| $5.01M | 1.43% |
93,185
-3,349
| -3% | -$175K |
|
9
Pfizer
PFE
$140B
| $4.93M | 1.4% |
132,664
+32,501
| +32% | +$1.16M |
|
10
AbbVie
ABBV
$458B
| $4.92M | 1.4% |
55,621
-4,794
| -8% | -$398K |
|
11
Citigroup
C
$222B
| $4.87M | 1.38% |
60,943
-5,393
| -8% | -$398K |
|
12
Valero Energy
VLO
$89.8B
| $4.85M | 1.38% |
51,789
-2,046
| -4% | -$193K |
|
13
Target
TGT
$62.1B
| $4.59M | 1.3% |
35,768
-1,844
| -5% | -$216K |
|
14
IBM
IBM
$202B
| $4.57M | 1.3% |
35,681
+284
| +0.8% | +$36.9K |
|
15
Qualcomm
QCOM
$176B
| $4.31M | 1.22% |
48,831
-241
| -0.5% | -$20.2K |
|
16
Bank of America
BAC
$435B
| $4.3M | 1.22% |
122,131
-10,018
| -8% | -$324K |
|
17
Morgan Stanley
MS
$337B
| $4.3M | 1.22% |
84,073
+894
| +1% | +$42.3K |
|
18
JPMorgan Chase
JPM
$939B
| $4.08M | 1.16% |
29,234
-7,821
| -21% | -$1M |
|
19
Gilead Sciences
GILD
$161B
| $4.04M | 1.15% |
62,243
-1,218
| -2% | -$79.3K |
|
20
Intel
INTC
$466B
| $3.92M | 1.11% |
65,482
-26,972
| -29% | -$1.51M |
|
21
Lockheed Martin
LMT
$134B
| $3.84M | 1.09% |
9,864
-1,299
| -12% | -$498K |
|
22
Procter & Gamble
PG
$343B
| $3.8M | 1.08% |
30,422
-760
| -2% | -$93K |
|
23
Home Depot
HD
$332B
| $3.7M | 1.05% |
16,961
-11
| -0.1% | -$2.49K |
|
24
Amazon
AMZN
$2.5T
| $3.39M | 0.96% |
36,720
-1,920
| -5% | -$170K |
|
25
Phillips 66
PSX
$82.9B
| $3.36M | 0.96% |
30,174
+5,977
| +25% | +$671K |
|
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Convergence Investment Partners's Q4 2019 Portfolio in Review
As of Q4 2019, Convergence Investment Partners held 345 positions worth $352M, down 2% from $359M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Convergence Investment Partners withdrew a net $33.5M in Q4 2019, closing 123 positions and reducing 123 holdings. Its most notable exit was Garmin, an estimated $2.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 17% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Travel + Leisure Co worth $2.88M.
- Convergence Investment Partners's largest Q4 2019 buy was Travel + Leisure Co: 55,656 shares worth $2.88M.
- Convergence Investment Partners added most to Meta Platforms (Facebook) in Q4 2019, an estimated $1.62M increase.
- Convergence Investment Partners's biggest Q4 2019 reduction was Starbucks, cutting an estimated $2.48M.
- Convergence Investment Partners fully exited Garmin in Q4 2019, selling an estimated $2.2M.
- Convergence Investment Partners's ten largest holdings make up 17% of its $352M portfolio in Q4 2019.
- Convergence Investment Partners opened 51 new positions and closed 123 in Q4 2019.
- Convergence Investment Partners's portfolio value fell 2% quarter-over-quarter to $352M.
Based on Convergence Investment Partners's 13F filing for Q4 2019, filed 22 Jan 2020.