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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
CYH icon
251
Community Health Systems
CYH
$415M
– –
-13,987
Closed -$44K
DINO icon
252
HF Sinclair
DINO
$15.2B
– –
-4,871
Closed -$271K
DLR icon
253
Digital Realty Trust
DLR
$70.8B
– –
-1,838
Closed -$247K
GPI icon
254
Group 1 Automotive
GPI
$3.16B
– –
-933
Closed -$284K
HALO icon
255
Halozyme
HALO
$12.2B
– –
-7,008
Closed -$259K
JAZZ icon
256
Jazz Pharmaceuticals
JAZZ
$16.7B
– –
-1,800
Closed -$221K
KEY icon
257
KeyCorp
KEY
$24.3B
– –
-13,259
Closed -$191K
LBRT icon
258
Liberty Energy
LBRT
$3.45B
– –
-11,038
Closed -$200K
MANH icon
259
Manhattan Associates
MANH
$11.4B
– –
-1,835
Closed -$395K
MSM icon
260
MSC Industrial Direct
MSM
$6.87B
– –
-10,538
Closed -$1.07M
NMIH icon
261
NMI Holdings
NMIH
$3.32B
– –
-8,521
Closed -$253K
NSIT icon
262
Insight Enterprises
NSIT
$4.54B
– –
-1,529
Closed -$271K
NSP icon
263
Insperity
NSP
$1.96B
– –
-1,876
Closed -$220K
RDN icon
264
Radian Group
RDN
$4.87B
– –
-11,663
Closed -$333K
SNA icon
265
Snap-on
SNA
$21.3B
– –
-3,142
Closed -$907K
SNEX icon
266
StoneX
SNEX
$7.81B
– –
-12,096
Closed -$265K
SNPS icon
267
Synopsys
SNPS
$78.8B
– –
-931
Closed -$479K
ZS icon
268
Zscaler
ZS
$28.6B
– –
-1,891
Closed -$419K
XYZ
269
Block Inc
XYZ
$47.5B
– –
-4,769
Closed -$369K
AIRC
270
DELISTED
Apartment Income REIT Corp.
AIRC
– –
-33,399
Closed -$1.16M
MDC
271
DELISTED
M.D.C. Holdings, Inc.
MDC
– –
-18,200
Closed -$1.01M
DISH
272
DELISTED
DISH Network Corp.
DISH
– –
-10,832
Closed -$63K
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.