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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
(+56%)
Cap. Flow
+$130M
Cap. Flow
% of AUM
34.48%
Top 10 Holdings %
Top 10 Hldgs %
52.14%
Holding
151
New
102
Increased
37
Reduced
7
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$8.21M |
| 2 |
Apple
AAPL
|
+$8.1M |
| 3 |
Microsoft
MSFT
|
+$6.78M |
| 4 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$6.61M |
| 5 |
Amazon
AMZN
|
+$4.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$4.01M |
| 2 |
SoFi Technologies
SOFI
|
+$2.92M |
| 3 |
Vanguard Ultra-Short Bond ETF
VUSB
|
+$744K |
| 4 |
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
|
+$501K |
| 5 |
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 | |
|---|---|---|---|---|---|---|
76
Lockheed Martin
LMT
$134B
| $618K | 0.16% |
+1,323
| New | +$611K |
|
77
Berkshire Hathaway Class A
BRK.A
$1.07T
| $612K | 0.16% |
+1
| New | +$616K |
|
78
Uber
UBER
$134B
| $601K | 0.16% |
+8,265
| New | +$574K |
|
79
Capital One
COF
$124B
| $588K | 0.16% |
+4,250
| New | +$596K |
|
80
Vanguard Mid-Cap ETF
VO
$106B
| $579K | 0.15% |
+9,572
| New | +$582K |
|
81
Novartis
NVS
$295B
| $562K | 0.15% |
+5,283
| New | +$530K |
|
82
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.32B
| $556K | 0.15% |
25,943
+10,351
| +66% | +$225K |
|
83
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17B
| $551K | 0.15% |
14,617
+4,726
| +48% | +$176K |
|
84
ARK Innovation ETF
ARKK
$5.89B
| $541K | 0.14% |
12,303
+2,212
| +22% | +$98.8K |
|
85
Abbott
ABT
$180B
| $539K | 0.14% |
+5,190
| New | +$550K |
|
86
McDonald's
MCD
$188B
| $527K | 0.14% |
+2,067
| New | +$548K |
|
87
Analog Devices
ADI
$181B
| $522K | 0.14% |
+2,287
| New | +$488K |
|
88
Realty Income
O
$61.2B
| $519K | 0.14% |
+9,833
| New | +$525K |
|
89
Vanguard Small-Cap ETF
VB
$79.5B
| $515K | 0.14% |
+2,362
| New | +$519K |
|
90
Coinbase
COIN
$41.7B
| $498K | 0.13% |
2,242
+64
| +3% | +$14.7K |
|
91
Pfizer
PFE
$140B
| $483K | 0.13% |
+17,273
| New | +$476K |
|
92
Honeywell
HON
$77.1B
| $481K | 0.13% |
+2,390
| New | +$455K |
|
93
Roper Technologies
ROP
$36.3B
| $476K | 0.13% |
+844
| New | +$455K |
|
94
Amphenol
APH
$188B
| $447K | 0.12% |
+6,638
| New | +$419K |
|
95
Goldman Sachs
GS
$313B
| $436K | 0.12% |
+964
| New | +$423K |
|
96
Mastercard
MA
$477B
| $424K | 0.11% |
960
+163
| +20% | +$74.3K |
|
97
PayPal
PYPL
$49.5B
| $423K | 0.11% |
+7,281
| New | +$463K |
|
98
Truist Financial
TFC
$63.2B
| $407K | 0.11% |
+10,486
| New | +$396K |
|
99
Mondelez International
MDLZ
$77.7B
| $407K | 0.11% |
+6,219
| New | +$427K |
|
100
Zoetis
ZTS
$31.6B
| $403K | 0.11% |
+2,323
| New | +$387K |
|
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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.