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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
+5.94%
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
$342M
AUM Growth
+$81.1M
Cap. Flow
+$69.2M
Cap. Flow %
20.24%
Top 10 Hldgs %
21.67%
Holding
303
New
58
Increased
98
Reduced
85
Closed
62

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$3.33M
2
NVDA icon
NVIDIA
NVDA
+$2.76M
3
AMZN icon
Amazon
AMZN
+$2.68M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.45M
5
APH icon
Amphenol
APH
+$2.38M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$1.82M
2
CAH icon
Cardinal Health
CAH
+$1.42M
3
NEU icon
NewMarket
NEU
+$1.4M
4
NI icon
NiSource
NI
+$1.36M
5
MMM icon
3M
MMM
+$1.22M

Sector Composition

Rank Sector Weight
1 Technology 27.67%
2 Financials 14.47%
3 Healthcare 12.37%
4 Communication Services 9.38%
5 Consumer Discretionary 8.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MRK icon
26
Merck
MRK
$318B
$3.24M 0.95%
26,170
+3,193
+14% +$411K
WFC icon
27
Wells Fargo
WFC
$264B
$3.12M 0.91%
52,525
+8,501
+19% +$502K
CAT icon
28
Caterpillar
CAT
$387B
$2.9M 0.85%
8,711
+1,575
+22% +$546K
APP icon
29
Applovin
APP
$116B
$2.79M 0.82%
33,516
+10,667
+47% +$828K
CVX icon
30
Chevron
CVX
$366B
$2.69M 0.79%
17,172
+3,166
+23% +$505K
SYF icon
31
Synchrony
SYF
$25.6B
$2.68M 0.78%
56,852
+16,103
+40% +$699K
PSX icon
32
Phillips 66
PSX
$81.4B
$2.56M 0.75%
18,156
-3,575
-16% -$529K
APH icon
33
Amphenol
APH
$209B
$2.54M 0.74%
+37,683
New +$2.38M
FITB
34
Fifth Third Bancorp
FITB
$51.8B
$2.53M 0.74%
69,273
+25,204
+57% +$921K
VZ icon
35
Verizon
VZ
$196B
$2.46M 0.72%
59,751
-2,035
-3% -$82K
HPE icon
36
Hewlett Packard
HPE
$70.5B
$2.39M 0.7%
+112,678
New +$2.08M
GDDY icon
37
GoDaddy
GDDY
$11.5B
$2.3M 0.67%
+16,475
New +$2.17M
PRU icon
38
Prudential Financial
PRU
$41.8B
$2.27M 0.66%
19,399
+10,609
+121% +$1.22M
BNY
39
Bank of New York Mellon
BNY
$107B
$2.26M 0.66%
37,680
+1,646
+5% +$95.2K
CRWD icon
40
CrowdStrike
CRWD
$218B
$2.2M 0.64%
22,916
+10,588
+86% +$880K
CRBG icon
41
Corebridge Financial
CRBG
$15B
$2.13M 0.62%
+73,288
New +$2.11M
CSCO icon
42
Cisco
CSCO
$479B
$2.13M 0.62%
44,739
-1,528
-3% -$72.5K
IIPR icon
43
Innovative Industrial Properties
IIPR
$1.72B
$2.1M 0.61%
19,246
+4,424
+30% +$464K
CVNA icon
44
Carvana
CVNA
$77.9B
$2.05M 0.6%
+79,600
New +$1.6M
GRMN
45
Garmin
GRMN
$60B
$2.03M 0.59%
12,440
+2,186
+21% +$344K
JNJ icon
46
Johnson & Johnson
JNJ
$625B
$2.02M 0.59%
13,811
+4,871
+54% +$724K
LLY icon
47
Eli Lilly
LLY
$1.06T
$2.02M 0.59%
2,226
+70
+3% +$56K
CVLT icon
48
Commault Systems
CVLT
$5.61B
$1.9M 0.55%
+15,607
New +$1.68M
VST icon
49
Vistra
VST
$47.4B
$1.88M 0.55%
21,852
-889
-4% -$74.4K
KMB icon
50
Kimberly-Clark
KMB
$36.5B
$1.79M 0.52%
12,957
-379
-3% -$50.6K
1
2
3 4 5

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Convergence Investment Partners's Q2 2024 Portfolio in Review

As of Q2 2024, Convergence Investment Partners held 303 positions worth $342M, up 31% from $261M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Convergence Investment Partners deployed $69.2M of net new capital in Q2 2024, opening 58 new positions and adding to 98 existing holdings. Its largest new stake was Amphenol: 37,683 shares worth $2.54M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Broadcom, an estimated $1.82M trimmed.

  • Convergence Investment Partners's largest Q2 2024 buy was Amphenol: 37,683 shares worth $2.54M.
  • Convergence Investment Partners added most to Microsoft in Q2 2024, an estimated $3.33M increase.
  • Convergence Investment Partners's biggest Q2 2024 reduction was Broadcom, cutting an estimated $1.82M.
  • Convergence Investment Partners fully exited NewMarket in Q2 2024, selling an estimated $1.4M.
  • Convergence Investment Partners's ten largest holdings make up 22% of its $342M portfolio in Q2 2024.
  • Convergence Investment Partners opened 58 new positions and closed 62 in Q2 2024.
  • Convergence Investment Partners's portfolio value rose 31% quarter-over-quarter to $342M.

Based on Convergence Investment Partners's 13F filing for Q2 2024, filed 1 Aug 2024.