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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
+10.84%
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
$371M
AUM Growth
+$28.6M
(+8.4%)
Cap. Flow
+$2.59M
Cap. Flow
% of AUM
0.7%
Top 10 Holdings %
Top 10 Hldgs %
20.99%
Holding
294
New
53
Increased
80
Reduced
104
Closed
57
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$4.02M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$3.92M |
| 3 |
Oracle
ORCL
|
+$2.07M |
| 4 |
Meta Platforms (Facebook)
META
|
+$2.07M |
| 5 |
Hewlett Packard
HPE
|
+$2.04M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$4.54M |
| 2 |
Applied Materials
AMAT
|
+$3.2M |
| 3 |
Amgen
AMGN
|
+$2.84M |
| 4 |
Amphenol
APH
|
+$2.24M |
| 5 |
CrowdStrike
CRWD
|
+$2.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.35% |
| 2 | Financials | 15.35% |
| 3 | Healthcare | 12.96% |
| 4 | Consumer Discretionary | 9.56% |
| 5 | Communication Services | 8.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
PBF Energy
PBF
$7.86B
| – | – |
-23,713
| Closed | -$1.09M |
|
277
Pinterest
PINS
$13.8B
| – | – |
-25,289
| Closed | -$1.11M |
|
278
Public Storage
PSA
$60.8B
| – | – |
-3,357
| Closed | -$966K |
|
|
P
279
Everpure Inc
P
$32.6B
| – | – |
-13,803
| Closed | -$886K |
|
280
Regeneron Pharmaceuticals
REGN
$83.2B
| – | – |
-191
| Closed | -$201K |
|
281
Construction Partners
ROAD
$6.68B
| – | – |
-9,302
| Closed | -$514K |
|
282
Rayonier
RYN
$6.52B
| – | – |
-28,063
| Closed | -$741K |
|
283
SiriusXM
SIRI
$9.7B
| – | – |
-1,040
| Closed | -$29.4K |
|
284
Tanger
SKT
$4.44B
| – | – |
-12,275
| Closed | -$333K |
|
285
Skywest
SKYW
$4.18B
| – | – |
-11,809
| Closed | -$969K |
|
286
Super Micro Computer
SMCI
$20.4B
| – | – |
-6,510
| Closed | -$533K |
|
287
Steel Dynamics
STLD
$38.5B
| – | – |
-4,379
| Closed | -$567K |
|
288
Scorpio Tankers
STNG
$3.83B
| – | – |
-11,850
| Closed | -$963K |
|
289
Teekay Tankers
TNK
$2.64B
| – | – |
-13,921
| Closed | -$958K |
|
290
Travel + Leisure Co
TNL
$4.5B
| – | – |
-15,693
| Closed | -$706K |
|
291
Victory Capital Holdings
VCTR
$6.85B
| – | – |
-6,467
| Closed | -$309K |
|
292
Viatris
VTRS
$18.7B
| – | – |
-72,792
| Closed | -$774K |
|
|
XYZ
293
Block Inc
XYZ
$47.5B
| – | – |
-12,463
| Closed | -$804K |
|
|
MRO
294
DELISTED
Marathon Oil Corporation
MRO
| – | – |
-21,098
| Closed | -$605K |
|
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Convergence Investment Partners's Q3 2024 Portfolio in Review
As of Q3 2024, Convergence Investment Partners held 294 positions worth $371M, up 8.4% from $342M the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Convergence Investment Partners's Q3 2024 filing shows 53 new, 80 increased, 104 reduced and 57 closed positions. Its largest new stake was Bristol-Myers Squibb: 83,605 shares worth $4.33M. The largest sale was Microsoft, an estimated $4.54M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 28% a quarter earlier, followed by Financials and Healthcare.
- Convergence Investment Partners's largest Q3 2024 buy was Bristol-Myers Squibb: 83,605 shares worth $4.33M.
- Convergence Investment Partners added most to Broadcom in Q3 2024, an estimated $4.02M increase.
- Convergence Investment Partners's biggest Q3 2024 reduction was Microsoft, cutting an estimated $4.54M.
- Convergence Investment Partners fully exited CrowdStrike in Q3 2024, selling an estimated $2.2M.
- Convergence Investment Partners's ten largest holdings make up 21% of its $371M portfolio in Q3 2024.
- Convergence Investment Partners opened 53 new positions and closed 57 in Q3 2024.
- Convergence Investment Partners's portfolio value rose 8.4% quarter-over-quarter to $371M.
Based on Convergence Investment Partners's 13F filing for Q3 2024, filed 29 Oct 2024.