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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
VZ icon
26
Verizon
VZ
$196B
$2.59M 0.99%
61,786
-1,639
-3% -$66.1K
WFC icon
27
Wells Fargo
WFC
$264B
$2.55M 0.98%
44,024
+2,396
+6% +$125K
BAC icon
28
Bank of America
BAC
$442B
$2.51M 0.96%
66,207
+4,260
+7% +$146K
CSCO icon
29
Cisco
CSCO
$479B
$2.31M 0.88%
46,267
-17,726
-28% -$884K
CVX icon
30
Chevron
CVX
$366B
$2.21M 0.85%
14,006
-321
-2% -$48.4K
BNY
31
Bank of New York Mellon
BNY
$107B
$2.08M 0.8%
36,034
-932
-3% -$51.3K
AMAT icon
32
Applied Materials
AMAT
$428B
$1.81M 0.69%
8,780
+7,015
+397% +$1.29M
FDX icon
33
FedEx
FDX
$75.4B
$1.81M 0.69%
6,238
+181
+3% +$45.3K
SYF icon
34
Synchrony
SYF
$25.6B
$1.76M 0.67%
40,749
+12,760
+46% +$508K
KMB icon
35
Kimberly-Clark
KMB
$36.5B
$1.73M 0.66%
13,336
-114
-0.8% -$14K
RTX icon
36
RTX Corp
RTX
$301B
$1.72M 0.66%
+17,605
New +$1.59M
FAST icon
37
Fastenal
FAST
$59.5B
$1.71M 0.65%
+44,240
New +$1.56M
COF icon
38
Capital One
COF
$134B
$1.68M 0.64%
11,302
-323
-3% -$43.7K
ACN icon
39
Accenture
ACN
$108B
$1.68M 0.64%
4,851
+1,530
+46% +$558K
LLY icon
40
Eli Lilly
LLY
$1.06T
$1.68M 0.64%
2,156
+602
+39% +$428K
LMT icon
41
Lockheed Martin
LMT
$136B
$1.65M 0.63%
3,625
+166
+5% +$72.8K
SCCO icon
42
Southern Copper
SCCO
$166B
$1.65M 0.63%
16,674
-375
-2% -$30K
FITB
43
Fifth Third Bancorp
FITB
$51.8B
$1.64M 0.63%
44,069
-3,927
-8% -$137K
C icon
44
Citigroup
C
$226B
$1.64M 0.63%
25,855
-12,127
-32% -$675K
VST icon
45
Vistra
VST
$47.4B
$1.58M 0.61%
22,741
-15,224
-40% -$753K
APP icon
46
Applovin
APP
$116B
$1.58M 0.61%
22,849
+11,260
+97% +$596K
SPG icon
47
Simon Property Group
SPG
$72.3B
$1.55M 0.59%
9,882
+1,533
+18% +$225K
KO icon
48
Coca-Cola
KO
$375B
$1.54M 0.59%
25,246
-4,010
-14% -$241K
IIPR icon
49
Innovative Industrial Properties
IIPR
$1.72B
$1.53M 0.59%
14,822
+2,391
+19% +$228K
MU icon
50
Micron Technology
MU
$991B
$1.53M 0.59%
+13,012
New +$1.18M
1
2
3 4 5

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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.