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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
-20.74%
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
$229M
AUM Growth
-$123M
(-35%)
Cap. Flow
-$50.6M
Cap. Flow
% of AUM
-22.12%
Top 10 Holdings %
Top 10 Hldgs %
19.98%
Holding
283
New
61
Increased
30
Reduced
114
Closed
77
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street
STT
|
+$2.37M |
| 2 |
Goldman Sachs
GS
|
+$2.18M |
| 3 |
Marathon Petroleum
MPC
|
+$1.66M |
| 4 |
General Motors
GM
|
+$1.46M |
| 5 |
Citizens Financial Group
CFG
|
+$1.26M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$3.47M |
| 2 |
Pfizer
PFE
|
+$2.04M |
| 3 |
FITB
Fifth Third Bancorp
FITB
|
+$1.9M |
| 4 |
NextEra Energy
NEE
|
+$1.86M |
| 5 |
DFS
Discover Financial Services
DFS
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.8% |
| 2 | Healthcare | 16.5% |
| 3 | Financials | 14.66% |
| 4 | Communication Services | 9.42% |
| 5 | Consumer Staples | 9.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
AT&T
T
$167B
| $5.54M | 2.43% |
251,774
-26,679
| -10% | -$729K |
|
2
Microsoft
MSFT
$2.96T
| $5.5M | 2.4% |
34,844
-9,656
| -22% | -$1.59M |
|
|
3
Apple
AAPL
$5.05T
| $4.81M | 2.11% |
75,712
-47,132
| -38% | -$3.47M |
|
4
Verizon
VZ
$202B
| $4.8M | 2.1% |
89,391
-3,770
| -4% | -$216K |
|
5
Gilead Sciences
GILD
$166B
| $4.76M | 2.08% |
63,667
+1,424
| +2% | +$98.4K |
|
6
Amgen
AMGN
$210B
| $4.38M | 1.92% |
21,609
+751
| +4% | +$164K |
|
7
Cisco
CSCO
$450B
| $4.08M | 1.78% |
103,743
-17,496
| -14% | -$768K |
|
8
AbbVie
ABBV
$469B
| $4.02M | 1.76% |
52,784
-2,837
| -5% | -$242K |
|
9
Walmart Inc
WMT
$907B
| $3.9M | 1.71% |
102,963
-31,710
| -24% | -$1.22M |
|
10
IBM
IBM
$216B
| $3.86M | 1.69% |
36,366
+685
| +2% | +$86.6K |
|
11
Amazon
AMZN
$2.49T
| $3.48M | 1.52% |
35,740
-980
| -3% | -$94.9K |
|
12
JPMorgan Chase
JPM
$925B
| $3.23M | 1.41% |
35,832
+6,598
| +23% | +$802K |
|
13
Home Depot
HD
$340B
| $3.07M | 1.34% |
16,443
-518
| -3% | -$114K |
|
14
Cardinal Health
CAH
$54.1B
| $3.03M | 1.33% |
63,289
-1,604
| -2% | -$83.3K |
|
15
Procter & Gamble
PG
$337B
| $3M | 1.31% |
27,293
-3,129
| -10% | -$376K |
|
16
Intel
INTC
$425B
| $2.9M | 1.27% |
53,516
-11,966
| -18% | -$708K |
|
17
Lockheed Martin
LMT
$133B
| $2.79M | 1.22% |
8,239
-1,625
| -16% | -$639K |
|
18
Target
TGT
$66.7B
| $2.72M | 1.19% |
29,224
-6,544
| -18% | -$727K |
|
19
Morgan Stanley
MS
$322B
| $2.57M | 1.12% |
75,539
-8,534
| -10% | -$402K |
|
20
Oracle
ORCL
$344B
| $2.57M | 1.12% |
53,141
-9,552
| -15% | -$493K |
|
21
Cencora
COR
$62B
| $2.52M | 1.1% |
28,516
-6,791
| -19% | -$598K |
|
22
Qualcomm
QCOM
$170B
| $2.41M | 1.05% |
35,617
-13,214
| -27% | -$1.08M |
|
23
Kimberly-Clark
KMB
$37.4B
| $2.4M | 1.05% |
18,803
+942
| +5% | +$130K |
|
24
Valero Energy
VLO
$90.2B
| $2.36M | 1.03% |
52,080
+291
| +0.6% | +$21.1K |
|
25
Citigroup
C
$214B
| $2.3M | 1% |
54,520
-6,423
| -11% | -$431K |
|
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Convergence Investment Partners's Q1 2020 Portfolio in Review
As of Q1 2020, Convergence Investment Partners held 283 positions worth $229M, down 35% from $352M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $50.6M in Q1 2020, closing 77 positions and reducing 114 holdings. Its most notable exit was Fifth Third Bancorp, an estimated $1.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in State Street worth $1.82M.
- Convergence Investment Partners's largest Q1 2020 buy was State Street: 34,103 shares worth $1.82M.
- Convergence Investment Partners added most to Goldman Sachs in Q1 2020, an estimated $2.18M increase.
- Convergence Investment Partners's biggest Q1 2020 reduction was Apple, cutting an estimated $3.47M.
- Convergence Investment Partners fully exited Fifth Third Bancorp in Q1 2020, selling an estimated $1.9M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $229M portfolio in Q1 2020.
- Convergence Investment Partners opened 61 new positions and closed 77 in Q1 2020.
- Convergence Investment Partners's portfolio value fell 35% quarter-over-quarter to $229M.
Based on Convergence Investment Partners's 13F filing for Q1 2020, filed 23 Apr 2020.