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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
+15.9%
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
$199M
AUM Growth
-$88.9M
(-31%)
Cap. Flow
-$116M
Cap. Flow
% of AUM
-58.64%
Top 10 Holdings %
Top 10 Hldgs %
20.28%
Holding
292
New
63
Increased
46
Reduced
118
Closed
65
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goldman Sachs
GS
|
+$1.96M |
| 2 |
KeyCorp
KEY
|
+$1.5M |
| 3 |
United Parcel Service
UPS
|
+$1.44M |
| 4 |
BorgWarner
BWA
|
+$1.03M |
| 5 |
Synchrony
SYF
|
+$1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$2M |
| 2 |
US Bancorp
USB
|
+$1.83M |
| 3 |
Lowe's Companies
LOW
|
+$1.74M |
| 4 |
AbbVie
ABBV
|
+$1.74M |
| 5 |
Marathon Petroleum
MPC
|
+$1.71M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.58% |
| 2 | Financials | 16.95% |
| 3 | Healthcare | 12.33% |
| 4 | Consumer Discretionary | 11.23% |
| 5 | Communication Services | 10.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.99T
| $5.94M | 2.99% |
44,785
-8,001
| -15% | -$962K |
|
2
Microsoft
MSFT
$2.92T
| $5.46M | 2.75% |
24,561
-2,334
| -9% | -$502K |
|
3
Verizon
VZ
$201B
| $4.33M | 2.18% |
73,686
-14,284
| -16% | -$848K |
|
4
Amazon
AMZN
$2.48T
| $3.9M | 1.96% |
23,940
-10,700
| -31% | -$1.71M |
|
5
AT&T
T
$169B
| $3.69M | 1.86% |
169,974
-62,085
| -27% | -$1.34M |
|
6
Walmart Inc
WMT
$900B
| $3.68M | 1.85% |
76,614
-23,031
| -23% | -$1.12M |
|
7
Morgan Stanley
MS
$333B
| $3.64M | 1.83% |
53,093
-1,338
| -2% | -$76.8K |
|
8
JPMorgan Chase
JPM
$950B
| $3.47M | 1.75% |
27,294
-9,671
| -26% | -$1.08M |
|
9
Cisco
CSCO
$456B
| $3.11M | 1.57% |
69,450
-19,180
| -22% | -$788K |
|
10
Amgen
AMGN
$212B
| $3.05M | 1.54% |
13,277
-5,158
| -28% | -$1.19M |
|
11
Home Depot
HD
$343B
| $3.05M | 1.53% |
11,471
-5,956
| -34% | -$1.64M |
|
12
Bank of America
BAC
$439B
| $3.01M | 1.52% |
99,251
-39,652
| -29% | -$1.06M |
|
13
Citigroup
C
$222B
| $2.96M | 1.49% |
47,972
-13,634
| -22% | -$693K |
|
|
14
AbbVie
ABBV
$465B
| $2.95M | 1.49% |
27,545
-18,124
| -40% | -$1.74M |
|
15
IBM
IBM
$214B
| $2.9M | 1.46% |
24,132
-2,188
| -8% | -$253K |
|
16
Qualcomm
QCOM
$172B
| $2.46M | 1.24% |
16,165
-5,687
| -26% | -$792K |
|
17
Target
TGT
$65.5B
| $2.45M | 1.24% |
13,902
-7,000
| -33% | -$1.17M |
|
18
Broadcom
AVGO
$1.81T
| $2.36M | 1.19% |
53,940
+2,380
| +5% | +$92.8K |
|
|
19
Goldman Sachs
GS
$305B
| $2.33M | 1.17% |
+8,825
| New | +$1.96M |
|
20
Lockheed Martin
LMT
$134B
| $2.29M | 1.15% |
6,461
-2,116
| -25% | -$778K |
|
21
Cardinal Health
CAH
$54.5B
| $2.28M | 1.15% |
42,585
-21,198
| -33% | -$1.1M |
|
22
Oracle
ORCL
$346B
| $2.24M | 1.13% |
34,595
-19,985
| -37% | -$1.19M |
|
23
Procter & Gamble
PG
$347B
| $2.17M | 1.09% |
15,563
-7,042
| -31% | -$984K |
|
24
Pfizer
PFE
$144B
| $2.09M | 1.05% |
56,766
-23,751
| -29% | -$871K |
|
|
BNY
25
Bank of New York Mellon
BNY
$106B
| $2.09M | 1.05% |
49,167
-4,612
| -9% | -$177K |
|
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Convergence Investment Partners's Q4 2020 Portfolio in Review
As of Q4 2020, Convergence Investment Partners held 292 positions worth $199M, down 31% from $287M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Convergence Investment Partners withdrew a net $116M in Q4 2020, closing 65 positions and reducing 118 holdings. Its most notable exit was Marathon Petroleum, an estimated $1.71M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Convergence Investment Partners opened a new position in Goldman Sachs worth $2.33M.
- Convergence Investment Partners's largest Q4 2020 buy was Goldman Sachs: 8,825 shares worth $2.33M.
- Convergence Investment Partners added most to United Parcel Service in Q4 2020, an estimated $1.44M increase.
- Convergence Investment Partners's biggest Q4 2020 reduction was Gilead Sciences, cutting an estimated $2M.
- Convergence Investment Partners fully exited Marathon Petroleum in Q4 2020, selling an estimated $1.71M.
- Convergence Investment Partners's ten largest holdings make up 20% of its $199M portfolio in Q4 2020.
- Convergence Investment Partners opened 63 new positions and closed 65 in Q4 2020.
- Convergence Investment Partners's portfolio value fell 31% quarter-over-quarter to $199M.
Based on Convergence Investment Partners's 13F filing for Q4 2020, filed 5 Feb 2021.