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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
+9.54%
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
$287M
AUM Growth
-$3.42M
(-1.2%)
Cap. Flow
-$16.8M
Cap. Flow
% of AUM
-5.84%
Top 10 Holdings %
Top 10 Hldgs %
17.3%
Holding
280
New
70
Increased
46
Reduced
113
Closed
51
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pfizer
PFE
|
+$2.29M |
| 2 |
Texas Instruments
TXN
|
+$2.17M |
| 3 |
BNY
Bank of New York Mellon
BNY
|
+$1.96M |
| 4 |
Mid-America Apartment Communities
MAA
|
+$1.61M |
| 5 |
FITB
Fifth Third Bancorp
FITB
|
+$1.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cencora
COR
|
+$2.77M |
| 2 |
Goldman Sachs
GS
|
+$1.9M |
| 3 |
Qualcomm
QCOM
|
+$1.68M |
| 4 |
Apple
AAPL
|
+$1.59M |
| 5 |
NVIDIA
NVDA
|
+$1.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.41% |
| 2 | Healthcare | 14.87% |
| 3 | Financials | 14.21% |
| 4 | Consumer Discretionary | 11.47% |
| 5 | Industrials | 9.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.99T
| $6.11M | 2.13% |
52,786
-14,562
| -22% | -$1.59M |
|
2
Microsoft
MSFT
$2.92T
| $5.66M | 1.97% |
26,895
-4,370
| -14% | -$918K |
|
3
Amazon
AMZN
$2.48T
| $5.45M | 1.9% |
34,640
+2,000
| +6% | +$315K |
|
4
Verizon
VZ
$201B
| $5.23M | 1.82% |
87,970
+13,222
| +18% | +$768K |
|
5
AT&T
T
$169B
| $5M | 1.74% |
232,059
-40,805
| -15% | -$912K |
|
6
Home Depot
HD
$343B
| $4.84M | 1.68% |
17,427
+511
| +3% | +$138K |
|
7
Amgen
AMGN
$212B
| $4.68M | 1.63% |
18,435
-3,563
| -16% | -$883K |
|
8
Walmart Inc
WMT
$900B
| $4.65M | 1.62% |
99,645
+2,286
| +2% | +$102K |
|
9
Gilead Sciences
GILD
$167B
| $4.1M | 1.43% |
64,920
-2,497
| -4% | -$173K |
|
10
AbbVie
ABBV
$465B
| $4M | 1.39% |
45,669
-9,602
| -17% | -$904K |
|
11
JPMorgan Chase
JPM
$950B
| $3.56M | 1.24% |
36,965
-2,321
| -6% | -$228K |
|
12
Cisco
CSCO
$456B
| $3.49M | 1.21% |
88,630
-5,045
| -5% | -$220K |
|
13
Bank of America
BAC
$439B
| $3.35M | 1.16% |
138,903
+14,772
| +12% | +$368K |
|
14
Target
TGT
$65.5B
| $3.29M | 1.14% |
20,902
-1,534
| -7% | -$210K |
|
15
Lockheed Martin
LMT
$134B
| $3.29M | 1.14% |
8,577
-551
| -6% | -$210K |
|
16
Oracle
ORCL
$346B
| $3.26M | 1.13% |
54,580
-6,801
| -11% | -$386K |
|
17
Procter & Gamble
PG
$347B
| $3.14M | 1.09% |
22,605
-7,545
| -25% | -$1M |
|
18
IBM
IBM
$214B
| $3.06M | 1.07% |
26,320
-1,759
| -6% | -$207K |
|
19
Intel
INTC
$435B
| $3.03M | 1.05% |
58,482
-1,045
| -2% | -$54.3K |
|
20
Cardinal Health
CAH
$54.5B
| $3M | 1.04% |
63,783
-2,005
| -3% | -$103K |
|
|
21
Pfizer
PFE
$144B
| $2.8M | 0.98% |
80,517
+65,176
| +425% | +$2.29M |
|
22
Best Buy
BBY
$18.9B
| $2.7M | 0.94% |
24,257
-2,320
| -9% | -$237K |
|
23
Citigroup
C
$222B
| $2.66M | 0.92% |
61,606
-3,190
| -5% | -$159K |
|
24
Morgan Stanley
MS
$333B
| $2.63M | 0.92% |
54,431
-24,218
| -31% | -$1.22M |
|
|
25
Texas Instruments
TXN
$253B
| $2.6M | 0.91% |
18,236
+15,951
| +698% | +$2.17M |
|
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Convergence Investment Partners's Q3 2020 Portfolio in Review
As of Q3 2020, Convergence Investment Partners held 280 positions worth $287M, down 1.2% from $291M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Convergence Investment Partners withdrew a net $16.8M in Q3 2020, closing 51 positions and reducing 113 holdings. Its most notable exit was Goldman Sachs, an estimated $1.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in Bank of New York Mellon worth $1.85M.
- Convergence Investment Partners's largest Q3 2020 buy was Bank of New York Mellon: 53,779 shares worth $1.85M.
- Convergence Investment Partners added most to Pfizer in Q3 2020, an estimated $2.29M increase.
- Convergence Investment Partners's biggest Q3 2020 reduction was Cencora, cutting an estimated $2.77M.
- Convergence Investment Partners fully exited Goldman Sachs in Q3 2020, selling an estimated $1.9M.
- Convergence Investment Partners's ten largest holdings make up 17% of its $287M portfolio in Q3 2020.
- Convergence Investment Partners opened 70 new positions and closed 51 in Q3 2020.
- Convergence Investment Partners's portfolio value fell 1.2% quarter-over-quarter to $287M.
Based on Convergence Investment Partners's 13F filing for Q3 2020, filed 28 Oct 2020.