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CIP

Convergence Investment Partners Portfolio holdings

AUM $1.06B
1-Year Est. Return 87.75%
This Fund
S&P 500
This Quarter Est. Return
+16.1%
1 Year Est. Return
+87.75%
3 Year Est. Return
+284.26%
5 Year Est. Return
+379.02%
10 Year Est. Return
+1,390.46%
AUM
$261M
AUM Growth
+$69.6M
Cap. Flow
+$41.9M
Cap. Flow %
16.04%
Top 10 Hldgs %
19.89%
Holding
272
New
81
Increased
91
Reduced
73
Closed
27

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$1.59M
2
FAST icon
Fastenal
FAST
+$1.56M
3
AMAT icon
Applied Materials
AMAT
+$1.29M
4
STT icon
State Street
STT
+$1.27M
5
TSN icon
Tyson Foods
TSN
+$1.18M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$1.61M
2
GS icon
Goldman Sachs
GS
+$1.41M
3
AIRC
Apartment Income REIT Corp.
AIRC
+$1.16M
4
MSM icon
MSC Industrial Direct
MSM
+$1.07M
5
MDC
M.D.C. Holdings, Inc.
MDC
+$1.01M

Sector Composition

Rank Sector Weight
1 Technology 23.75%
2 Financials 15.9%
3 Healthcare 13.07%
4 Communication Services 8.48%
5 Industrials 8.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USB icon
226
US Bancorp
USB
$99.8B
$238K 0.09%
5,321
-19
-0.4% -$802
DHI icon
227
D.R. Horton
DHI
$41B
$236K 0.09%
1,437
-43
-3% -$6.45K
PH icon
228
Parker-Hannifin
PH
$134B
$235K 0.09%
+422
New +$214K
KR icon
229
Kroger
KR
$34.8B
$228K 0.09%
+3,993
New +$197K
TRV icon
230
Travelers Companies
TRV
$78.6B
$224K 0.09%
+972
New +$208K
TW icon
231
Tradeweb Markets
TW
$21.9B
$222K 0.09%
+2,129
New +$214K
SAIC icon
232
Saic
SAIC
$5.38B
$221K 0.08%
1,696
+7
+0.4% +$927
TOL icon
233
Toll Brothers
TOL
$14.1B
$221K 0.08%
+1,711
New +$186K
TT icon
234
Trane Technologies
TT
$105B
$219K 0.08%
+730
New +$198K
MDT icon
235
Medtronic
MDT
$114B
$211K 0.08%
2,418
-10
-0.4% -$853
NKE icon
236
Nike
NKE
$62.1B
$211K 0.08%
2,243
+15
+0.7% +$1.53K
KLAC icon
237
KLA
KLAC
$253B
$209K 0.08%
+2,990
New +$192K
ORLY icon
238
O'Reilly Automotive
ORLY
$75B
$209K 0.08%
+2,775
New +$194K
BAH icon
239
Booz Allen Hamilton
BAH
$9.32B
$208K 0.08%
+1,398
New +$197K
AIG icon
240
American International
AIG
$40.7B
$206K 0.08%
+2,637
New +$188K
ATMU icon
241
Atmus Filtration Technologies
ATMU
$4.09B
$205K 0.08%
+6,366
New +$152K
AZO icon
242
AutoZone
AZO
$50.1B
$205K 0.08%
+65
New +$186K
SBUX icon
243
Starbucks
SBUX
$120B
$205K 0.08%
2,240
-10
-0.4% -$930
OSCR icon
244
Oscar Health
OSCR
$8.71B
$198K 0.08%
+13,282
New +$182K
SIRI icon
245
SiriusXM
SIRI
$9.74B
$42K 0.02%
1,092
-4
-0.4% -$190
AFL icon
246
Aflac
AFL
$61.4B
– –
-3,908
Closed -$322K
ARW icon
247
Arrow Electronics
ARW
$10.5B
– –
-3,417
Closed -$418K
AVT icon
248
Avnet
AVT
$8.03B
– –
-8,322
Closed -$419K
BR icon
249
Broadridge
BR
$19.8B
– –
-3,456
Closed -$711K
CORT icon
250
Corcept Therapeutics
CORT
$12.3B
– –
-10,982
Closed -$357K
7 8 9
10
11

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Convergence Investment Partners's Q1 2024 Portfolio in Review

As of Q1 2024, Convergence Investment Partners held 272 positions worth $261M, up 36% from $191M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners deployed $41.9M of net new capital in Q1 2024, opening 81 new positions and adding to 91 existing holdings. Its largest new stake was RTX Corp: 17,605 shares worth $1.72M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Broadcom, an estimated $1.61M trimmed.

  • Convergence Investment Partners's largest Q1 2024 buy was RTX Corp: 17,605 shares worth $1.72M.
  • Convergence Investment Partners added most to Applied Materials in Q1 2024, an estimated $1.29M increase.
  • Convergence Investment Partners's biggest Q1 2024 reduction was Broadcom, cutting an estimated $1.61M.
  • Convergence Investment Partners fully exited Apartment Income REIT Corp. in Q1 2024, selling an estimated $1.16M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $261M portfolio in Q1 2024.
  • Convergence Investment Partners opened 81 new positions and closed 27 in Q1 2024.
  • Convergence Investment Partners's portfolio value rose 36% quarter-over-quarter to $261M.

Based on Convergence Investment Partners's 13F filing for Q1 2024, filed 3 May 2024.