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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
VUSB icon
151
Vanguard Ultra-Short Bond ETF
VUSB
$8.93B
– –
-15,020
Closed -$744K
3 4 5 6
7

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VSQM
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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.