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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
GRMN
51
Garmin
GRMN
$60B
$1.53M 0.58%
10,254
-375
-4% -$49.4K
MS icon
52
Morgan Stanley
MS
$340B
$1.52M 0.58%
16,190
-442
-3% -$38.9K
SPOT icon
53
Spotify
SPOT
$100B
$1.46M 0.56%
5,534
+2,501
+82% +$587K
MET icon
54
MetLife
MET
$62.1B
$1.46M 0.56%
19,638
+2,864
+17% +$200K
HRB icon
55
H&R Block
HRB
$5.86B
$1.45M 0.56%
29,528
-260
-0.9% -$12.4K
LYB icon
56
LyondellBasell Industries
LYB
$19.2B
$1.42M 0.54%
13,899
-474
-3% -$46.1K
JNJ icon
57
Johnson & Johnson
JNJ
$625B
$1.41M 0.54%
8,940
+2,227
+33% +$354K
BRK.B icon
58
Berkshire Hathaway Class B
BRK.B
$1.13T
$1.41M 0.54%
3,357
-9
-0.3% -$3.54K
NEU icon
59
NewMarket
NEU
$8.18B
$1.4M 0.54%
2,202
+112
+5% +$67.1K
ANET icon
60
Arista Networks
ANET
$238B
$1.39M 0.53%
19,208
+7,624
+66% +$514K
CMCSA icon
61
Comcast
CMCSA
$90B
$1.38M 0.53%
31,773
-737
-2% -$31.8K
PNC icon
62
PNC Financial Services
PNC
$101B
$1.38M 0.53%
8,518
+7,145
+520% +$1.08M
CRM icon
63
Salesforce
CRM
$158B
$1.37M 0.53%
4,558
+1,266
+38% +$365K
NI icon
64
NiSource
NI
$20.4B
$1.36M 0.52%
49,329
-1,605
-3% -$42.2K
STT icon
65
State Street
STT
$50.7B
$1.32M 0.51%
+17,100
New +$1.27M
TSN icon
66
Tyson Foods
TSN
$20.4B
$1.27M 0.49%
+21,567
New +$1.18M
STAG icon
67
STAG Industrial
STAG
$7.19B
$1.26M 0.48%
32,749
+2,339
+8% +$88.7K
NTNX icon
68
Nutanix
NTNX
$16.9B
$1.24M 0.47%
20,059
+7,034
+54% +$406K
PG icon
69
Procter & Gamble
PG
$339B
$1.22M 0.47%
7,517
+1,521
+25% +$239K
GLPI icon
70
Gaming and Leisure Properties
GLPI
$12.8B
$1.22M 0.47%
26,450
+6,191
+31% +$285K
MMM icon
71
3M
MMM
$94.3B
$1.22M 0.47%
13,735
-552
-4% -$45.8K
NFLX icon
72
Netflix
NFLX
$309B
$1.22M 0.47%
20,030
+12,480
+165% +$704K
EIX icon
73
Edison International
EIX
$26.4B
$1.19M 0.46%
16,822
-880
-5% -$60.2K
UNM icon
74
Unum
UNM
$14.3B
$1.19M 0.45%
22,129
-708
-3% -$34.5K
CME icon
75
CME Group
CME
$94.8B
$1.14M 0.44%
5,290
-143
-3% -$30K
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.