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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
+5.71%
1 Year Est. Return
+17.04%
3 Year Est. Return
+46.22%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$471M
AUM Growth
+$92.7M
(+25%)
Cap. Flow
+$73.3M
Cap. Flow
% of AUM
15.56%
Top 10 Holdings %
Top 10 Hldgs %
53.08%
Holding
164
New
17
Increased
66
Reduced
72
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
|
+$21.7M |
| 2 |
iShares MSCI USA Momentum Factor ETF
MTUM
|
+$12.3M |
| 3 |
Capital Group Core Plus Income ETF
CGCP
|
+$9.92M |
| 4 |
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
|
+$3.55M |
| 5 |
State Street SPDR Portfolio S&P 500 Value ETF
SPYV
|
+$2.62M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franklin US Core Bond ETF
FLCB
|
+$2.84M |
| 2 |
Apple
AAPL
|
+$1.62M |
| 3 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$1.06M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$612K |
| 5 |
Grayscale Bitcoin Trust
GBTC
|
+$298K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.92% |
| 2 | Consumer Discretionary | 3.64% |
| 3 | Financials | 2.85% |
| 4 | Healthcare | 2.47% |
| 5 | Communication Services | 2.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Palo Alto Networks
PANW
$264B
| $216K | 0.05% |
1,266
+52
| +4% | +$8.75K |
|
152
Netflix
NFLX
$292B
| $211K | 0.04% |
2,980
-200
| -6% | -$13.4K |
|
153
Coca-Cola
KO
$354B
| $211K | 0.04% |
2,930
-804
| -22% | -$55.1K |
|
154
Amgen
AMGN
$203B
| $204K | 0.04% |
+634
| New | +$207K |
|
155
Capital Group Growth ETF
CGGR
$23.5B
| $202K | 0.04% |
5,814
-2,711
| -32% | -$89.8K |
|
156
iShares Russell 1000 Value ETF
IWD
$82B
| $202K | 0.04% |
+1,062
| New | +$193K |
|
157
Haleon
HLN
$43.1B
| $116K | 0.02% |
10,958
-7,647
| -41% | -$73.9K |
|
|
158
Berkshire Hathaway Class A
BRK.A
$1.07T
| – | – |
-1
| Closed | -$612K |
|
159
EOG Resources
EOG
$78B
| – | – |
-1,886
| Closed | -$237K |
|
|
160
Franklin US Core Bond ETF
FLCB
$3.01B
| – | – |
-134,485
| Closed | -$2.84M |
|
161
Fortis
FTS
$30B
| – | – |
-5,507
| Closed | -$214K |
|
162
Keysight
KEYS
$54.5B
| – | – |
-1,877
| Closed | -$257K |
|
163
TotalEnergies
TTE
$193B
| – | – |
-3,060
| Closed | -$204K |
|
164
Wells Fargo
WFC
$261B
| – | – |
-3,518
| Closed | -$209K |
|
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Convergence Financial's Q3 2024 Portfolio in Review
As of Q3 2024, Convergence Financial held 164 positions worth $471M, up 25% from $378M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Convergence Financial deployed $73.3M of net new capital in Q3 2024, opening 17 new positions and adding to 66 existing holdings. Its largest new stake was iShares MSCI USA Momentum Factor ETF: 63,350 shares worth $12.8M.
By sector, the portfolio is most concentrated in Technology at 8.9% of assets, down from 11% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Apple, an estimated $1.62M trimmed.
- Convergence Financial's largest Q3 2024 buy was iShares MSCI USA Momentum Factor ETF: 63,350 shares worth $12.8M.
- Convergence Financial added most to State Street SPDR Portfolio Aggregate Bond ETF in Q3 2024, an estimated $21.7M increase.
- Convergence Financial's biggest Q3 2024 reduction was Apple, cutting an estimated $1.62M.
- Convergence Financial fully exited Franklin US Core Bond ETF in Q3 2024, selling an estimated $2.84M.
- Convergence Financial's ten largest holdings make up 53% of its $471M portfolio in Q3 2024.
- Convergence Financial opened 17 new positions and closed 7 in Q3 2024.
- Convergence Financial's portfolio value rose 25% quarter-over-quarter to $471M.
Based on Convergence Financial's 13F filing for Q3 2024, filed 23 Oct 2024.