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CF

Convergence Financial Portfolio holdings

AUM $943M
1-Year Est. Return 17.04%
This Fund
S&P 500
This Quarter Est. Return
+2.42%
1 Year Est. Return
+17.04%
3 Year Est. Return
+46.22%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$378M
AUM Growth
+$136M
Cap. Flow
+$130M
Cap. Flow %
34.48%
Top 10 Hldgs %
52.14%
Holding
151
New
102
Increased
37
Reduced
7
Closed
4

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$8.21M
2
AAPL icon
Apple
AAPL
+$8.1M
3
MSFT icon
Microsoft
MSFT
+$6.78M
4
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$6.61M
5
AMZN icon
Amazon
AMZN
+$4.42M

Top Sells

Rank Stock Value
1
SPSB icon
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
+$4.01M
2
SOFI icon
SoFi Technologies
SOFI
+$2.92M
3
VUSB icon
Vanguard Ultra-Short Bond ETF
VUSB
+$744K
4
SPSM icon
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
+$501K
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$467K

Sector Composition

Rank Sector Weight
1 Technology 10.8%
2 Consumer Discretionary 3.65%
3 Financials 3.24%
4 Healthcare 2.88%
5 Communication Services 2.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GBTC icon
26
Grayscale Bitcoin Trust
GBTC
$9.64B
$3.11M 0.82%
64,740
+409
+0.6% +$21.5K
LLY icon
27
Eli Lilly
LLY
$1.07T
$2.99M 0.79%
+3,297
New +$2.64M
FLCB icon
28
Franklin US Core Bond ETF
FLCB
$3.01B
$2.84M 0.75%
+134,485
New +$2.83M
META icon
29
Meta Platforms (Facebook)
META
$1.51T
$2.79M 0.74%
+5,531
New +$2.69M
JPM icon
30
JPMorgan Chase
JPM
$939B
$2.64M 0.7%
+13,067
New +$2.55M
IEMG icon
31
iShares Core MSCI Emerging Markets ETF
IEMG
$149B
$2.44M 0.64%
45,499
+19,510
+75% +$1.03M
SPGM icon
32
State Street SPDR Portfolio MSCI Global Stock Market ETF
SPGM
$1.7B
$2.27M 0.6%
37,290
+13,657
+58% +$812K
IJR icon
33
iShares Core S&P Small-Cap ETF
IJR
$109B
$2.22M 0.59%
20,829
+6,017
+41% +$644K
COST icon
34
Costco
COST
$415B
$1.78M 0.47%
2,091
+1,574
+304% +$1.23M
PG icon
35
Procter & Gamble
PG
$343B
$1.69M 0.45%
+10,238
New +$1.67M
SPHY icon
36
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.4B
$1.65M 0.44%
71,194
+34,137
+92% +$791K
LOW icon
37
Lowe's Companies
LOW
$116B
$1.39M 0.37%
+6,311
New +$1.44M
FTNT icon
38
Fortinet
FTNT
$112B
$1.36M 0.36%
+22,567
New +$1.4M
CVX icon
39
Chevron
CVX
$388B
$1.34M 0.35%
+8,574
New +$1.37M
TMO icon
40
Thermo Fisher Scientific
TMO
$211B
$1.24M 0.33%
+2,250
New +$1.29M
BRK.B icon
41
Berkshire Hathaway Class B
BRK.B
$1.07T
$1.24M 0.33%
3,058
+1,829
+149% +$747K
MRK icon
42
Merck
MRK
$324B
$1.16M 0.31%
+9,362
New +$1.21M
NVO
43
Novo Nordisk
NVO
$216B
$1.13M 0.3%
+7,908
New +$1.05M
VUG icon
44
Vanguard Growth ETF
VUG
$216B
$1.12M 0.3%
+17,982
New +$1.05M
V icon
45
Visa
V
$677B
$1.12M 0.3%
4,260
+2,960
+228% +$811K
HELO icon
46
JPMorgan Hedged Equity Laddered Overlay ETF
HELO
$4.14B
$1.09M 0.29%
+18,551
New +$1.05M
SPY icon
47
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$1.07M 0.28%
1,975
-892
-31% -$467K
ADBE icon
48
Adobe
ADBE
$89.5B
$1.07M 0.28%
+1,925
New +$932K
IGEB icon
49
iShares Investment Grade Systematic Bond ETF
IGEB
$1.46B
$1.05M 0.28%
+23,748
New +$1.05M
UNP icon
50
Union Pacific
UNP
$182B
$1.04M 0.28%
+4,612
New +$1.08M
1
2
3 4 5

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Convergence Financial's Q2 2024 Portfolio in Review

As of Q2 2024, Convergence Financial held 151 positions worth $378M, up 56% from $242M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Convergence Financial deployed $130M of net new capital in Q2 2024, opening 102 new positions and adding to 37 existing holdings. Its largest new stake was NVIDIA: 81,221 shares worth $10M.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 0.18% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Corporate Bond ETF, an estimated $4.01M trimmed.

  • Convergence Financial's largest Q2 2024 buy was NVIDIA: 81,221 shares worth $10M.
  • Convergence Financial added most to Apple in Q2 2024, an estimated $8.1M increase.
  • Convergence Financial's biggest Q2 2024 reduction was State Street SPDR Portfolio Short Term Corporate Bond ETF, cutting an estimated $4.01M.
  • Convergence Financial fully exited SoFi Technologies in Q2 2024, selling an estimated $2.92M.
  • Convergence Financial's ten largest holdings make up 52% of its $378M portfolio in Q2 2024.
  • Convergence Financial opened 102 new positions and closed 4 in Q2 2024.
  • Convergence Financial's portfolio value rose 56% quarter-over-quarter to $378M.

Based on Convergence Financial's 13F filing for Q2 2024, filed 23 Oct 2024.