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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
+6.98%
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
$174M
AUM Growth
+$4.15M
Cap. Flow
-$4.16M
Cap. Flow %
-2.39%
Top 10 Hldgs %
23.66%
Holding
208
New
31
Increased
43
Reduced
94
Closed
40

Top Buys

Rank Stock Value
1
NI icon
NiSource
NI
+$1.67M
2
C icon
Citigroup
C
+$1.32M
3
BAC icon
Bank of America
BAC
+$1.29M
4
GS icon
Goldman Sachs
GS
+$1.28M
5
MO icon
Altria Group
MO
+$1.13M

Top Sells

Rank Stock Value
1
TFC icon
Truist Financial
TFC
+$1.33M
2
UGI icon
UGI
UGI
+$1.21M
3
LAZ icon
Lazard
LAZ
+$1.2M
4
CAG icon
Conagra Brands
CAG
+$1.13M
5
PNW icon
Pinnacle West Capital
PNW
+$1.12M

Sector Composition

Rank Sector Weight
1 Technology 24.06%
2 Healthcare 15.09%
3 Financials 14.45%
4 Consumer Discretionary 9%
5 Communication Services 7.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVX icon
26
Chevron
CVX
$366B
$1.95M 1.12%
12,377
-309
-2% -$49.5K
VLO icon
27
Valero Energy
VLO
$85.9B
$1.93M 1.11%
16,472
-873
-5% -$101K
META icon
28
Meta Platforms (Facebook)
META
$1.51T
$1.91M 1.09%
6,641
+1,339
+25% +$330K
TXN icon
29
Texas Instruments
TXN
$261B
$1.86M 1.07%
10,324
-313
-3% -$53.9K
BAC icon
30
Bank of America
BAC
$442B
$1.85M 1.06%
64,562
+45,127
+232% +$1.29M
PSX icon
31
Phillips 66
PSX
$81.4B
$1.85M 1.06%
19,364
-308
-2% -$29.9K
UPS icon
32
United Parcel Service
UPS
$88.9B
$1.82M 1.04%
10,146
-112
-1% -$19.9K
PM icon
33
Philip Morris
PM
$295B
$1.75M 1%
17,903
-2,111
-11% -$202K
ORCL icon
34
Oracle
ORCL
$423B
$1.73M 0.99%
14,484
-564
-4% -$58.3K
C icon
35
Citigroup
C
$226B
$1.72M 0.99%
37,443
+28,247
+307% +$1.32M
NI icon
36
NiSource
NI
$20.4B
$1.65M 0.95%
+60,196
New +$1.67M
F icon
37
Ford
F
$55.7B
$1.64M 0.94%
108,306
+15,878
+17% +$201K
KO icon
38
Coca-Cola
KO
$375B
$1.62M 0.93%
26,868
-537
-2% -$33.4K
USB icon
39
US Bancorp
USB
$99.6B
$1.54M 0.88%
46,627
-1,074
-2% -$34.7K
GS icon
40
Goldman Sachs
GS
$303B
$1.49M 0.86%
4,626
+3,893
+531% +$1.28M
STAG icon
41
STAG Industrial
STAG
$7.19B
$1.47M 0.84%
40,894
-1,434
-3% -$49.6K
QCOM icon
42
Qualcomm
QCOM
$176B
$1.43M 0.82%
11,994
-820
-6% -$94.3K
TSLA icon
43
Tesla
TSLA
$1.3T
$1.42M 0.81%
5,422
+786
+17% +$157K
BRK.B icon
44
Berkshire Hathaway Class B
BRK.B
$1.13T
$1.41M 0.81%
4,120
-188
-4% -$61.4K
CVS icon
45
CVS Health
CVS
$122B
$1.4M 0.8%
20,229
-857
-4% -$61K
MSM icon
46
MSC Industrial Direct
MSM
$6.86B
$1.38M 0.79%
14,528
+3,056
+27% +$280K
SCCO icon
47
Southern Copper
SCCO
$166B
$1.36M 0.78%
20,528
+7,632
+59% +$521K
T icon
48
AT&T
T
$163B
$1.34M 0.77%
83,971
-6,262
-7% -$107K
EIX icon
49
Edison International
EIX
$26.4B
$1.33M 0.77%
19,206
+1,156
+6% +$81.3K
UNM icon
50
Unum
UNM
$14.3B
$1.31M 0.75%
27,495
-950
-3% -$41.4K
1
2
3 4 5

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Convergence Investment Partners's Q2 2023 Portfolio in Review

As of Q2 2023, Convergence Investment Partners held 208 positions worth $174M, up 2.4% from $170M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Convergence Investment Partners's Q2 2023 filing shows 31 new, 43 increased, 94 reduced and 40 closed positions. Its largest new stake was NiSource: 60,196 shares worth $1.65M. The largest sale was Truist Financial, an estimated $1.33M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

  • Convergence Investment Partners's largest Q2 2023 buy was NiSource: 60,196 shares worth $1.65M.
  • Convergence Investment Partners added most to Citigroup in Q2 2023, an estimated $1.32M increase.
  • Convergence Investment Partners's biggest Q2 2023 reduction was Home Depot, cutting an estimated $672K.
  • Convergence Investment Partners fully exited Truist Financial in Q2 2023, selling an estimated $1.33M.
  • Convergence Investment Partners's ten largest holdings make up 24% of its $174M portfolio in Q2 2023.
  • Convergence Investment Partners opened 31 new positions and closed 40 in Q2 2023.
  • Convergence Investment Partners's portfolio value rose 2.4% quarter-over-quarter to $174M.

Based on Convergence Investment Partners's 13F filing for Q2 2023, filed 26 Jul 2023.