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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 | |
|---|---|---|---|---|---|---|
101
Verizon
VZ
$194B
| $402K | 0.11% |
+9,739
| New | +$393K |
|
102
NextEra Energy
NEE
$187B
| $397K | 0.11% |
+5,608
| New | +$398K |
|
103
IBM
IBM
$202B
| $393K | 0.1% |
+2,270
| New | +$394K |
|
104
Alphabet (Google) Class C
GOOG
$3.9T
| $391K | 0.1% |
2,133
+553
| +35% | +$94.1K |
|
105
FMC
FMC
$1.42B
| $391K | 0.1% |
+6,792
| New | +$406K |
|
106
First Trust Technology AlphaDEX Fund
FXL
$2.47B
| $390K | 0.1% |
2,863
+1,083
| +61% | +$143K |
|
107
United Parcel Service
UPS
$97.6B
| $381K | 0.1% |
+2,785
| New | +$399K |
|
108
Medtronic
MDT
$107B
| $371K | 0.1% |
+4,712
| New | +$386K |
|
109
S&P Global
SPGI
$126B
| $370K | 0.1% |
+829
| New | +$356K |
|
110
Danaher
DHR
$135B
| $368K | 0.1% |
+1,473
| New | +$372K |
|
111
Vanguard S&P 500 ETF
VOO
$968B
| $361K | 0.1% |
+722
| New | +$347K |
|
112
Bank of America
BAC
$435B
| $359K | 0.09% |
+9,023
| New | +$346K |
|
113
JPMorgan Income ETF
JPIE
$10B
| $350K | 0.09% |
+7,689
| New | +$348K |
|
114
Booking.com
BKNG
$138B
| $349K | 0.09% |
+2,200
| New | +$326K |
|
115
Illinois Tool Works
ITW
$81.4B
| $342K | 0.09% |
+1,444
| New | +$357K |
|
116
American Tower
AMT
$77.7B
| $324K | 0.09% |
+1,667
| New | +$312K |
|
117
Caterpillar
CAT
$409B
| $320K | 0.08% |
+962
| New | +$334K |
|
118
Prologis
PLD
$138B
| $314K | 0.08% |
+2,799
| New | +$310K |
|
119
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
| $313K | 0.08% |
+2,152
| New | +$325K |
|
120
iShares Core S&P US Growth ETF
IUSG
$31.1B
| $309K | 0.08% |
2,423
+309
| +15% | +$36.9K |
|
121
Cisco
CSCO
$450B
| $305K | 0.08% |
+6,428
| New | +$305K |
|
122
Moody's
MCO
$81.7B
| $304K | 0.08% |
+722
| New | +$287K |
|
123
Omnicom Group
OMC
$22.7B
| $299K | 0.08% |
+3,334
| New | +$310K |
|
124
General Mills
GIS
$19.2B
| $296K | 0.08% |
+4,686
| New | +$322K |
|
125
Enbridge
ENB
$124B
| $291K | 0.08% |
+8,185
| New | +$292K |
|
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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.