Convergence Financial Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$14.8M |
| 2 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$6.61M |
| 3 |
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
|
+$1.29M |
| 4 |
SoFi Technologies
SOFI
|
+$1.21M |
| 5 |
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
|
+$1.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$3.72M |
| 2 |
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
|
+$2M |
| 3 |
State Street SPDR Portfolio Emerging Markets ETF
SPEM
|
+$1.91M |
| 4 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$1.67M |
| 5 |
State Street SPDR S&P 600 Small Cap Growth ETF
SLYG
|
+$1.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.19% |
| 2 | Consumer Discretionary | 0.41% |
| 3 | Technology | 0.3% |
| 4 | Communication Services | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
iShares Bloomberg Roll Select Commodity Strategy ETF
CMDY
$565M
| $276K | 0.2% |
+5,362
| New | +$280K |
|
27
Alphabet (Google) Class A
GOOGL
$3.91T
| $261K | 0.19% |
2,516
+228
| +10% | +$21.9K |
|
28
ALPS Sector Dividend Dogs ETF
SDOG
$1.41B
| $250K | 0.18% |
4,889
| – | – |
|
29
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.07B
| – | – |
-13,532
| Closed | -$391K |
|
|
30
Tesla
TSLA
$1.24T
| – | – |
-30,240
| Closed | -$3.72M |
|
|
31
PUT
Tesla
TSLA
$1.24T
| – | – |
-200
| Closed | -$256K |
|
Similar funds
Convergence Financial's Q1 2023 Portfolio in Review
As of Q1 2023, Convergence Financial held 31 positions worth $136M, up 20% from $113M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Convergence Financial deployed $16.6M of net new capital in Q1 2023, opening 4 new positions and adding to 15 existing holdings. Its largest new stake was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 72,192 shares worth $6.63M.
By sector, the portfolio is most concentrated in Financials at 1.2% of assets, up from 0.32% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was State Street SPDR S&P 600 Small Cap Value ETF, an estimated $2M trimmed.
- Convergence Financial's largest Q1 2023 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 72,192 shares worth $6.63M.
- Convergence Financial added most to State Street SPDR Portfolio Short Term Corporate Bond ETF in Q1 2023, an estimated $14.8M increase.
- Convergence Financial's biggest Q1 2023 reduction was State Street SPDR S&P 600 Small Cap Value ETF, cutting an estimated $2M.
- Convergence Financial fully exited Tesla in Q1 2023, selling an estimated $3.72M.
- Convergence Financial's ten largest holdings make up 91% of its $136M portfolio in Q1 2023.
- Convergence Financial opened 4 new positions and closed 3 in Q1 2023.
- Convergence Financial's portfolio value rose 20% quarter-over-quarter to $136M.
Based on Convergence Financial's 13F filing for Q1 2023, filed 23 Oct 2024.