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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
-10.17%
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
$165M
AUM Growth
-$28.7M
Cap. Flow
-$6.44M
Cap. Flow %
-3.89%
Top 10 Hldgs %
20.5%
Holding
254
New
42
Increased
71
Reduced
89
Closed
52

Top Buys

Rank Stock Value
1
KMB icon
Kimberly-Clark
KMB
+$2.2M
2
NSA
National Storage Affiliates Trust
NSA
+$1.32M
3
USB icon
US Bancorp
USB
+$1.29M
4
UNM icon
Unum
UNM
+$1.17M
5
BNY
Bank of New York Mellon
BNY
+$1.05M

Top Sells

Rank Stock Value
1
PG icon
Procter & Gamble
PG
+$1.69M
2
SPG icon
Simon Property Group
SPG
+$1.55M
3
CMI icon
Cummins
CMI
+$1.17M
4
BAC icon
Bank of America
BAC
+$1.08M
5
FNF icon
Fidelity National Financial
FNF
+$992K

Sector Composition

Rank Sector Weight
1 Technology 19.48%
2 Healthcare 16.87%
3 Financials 15.66%
4 Consumer Staples 8.79%
5 Communication Services 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
M icon
76
Macy's
M
$6.68B
$833K 0.5%
45,478
-5,656
-11% -$128K
MCK icon
77
McKesson
MCK
$101B
$824K 0.5%
2,526
-2
-0.1% -$640
BMY icon
78
Bristol-Myers Squibb
BMY
$132B
$789K 0.48%
10,245
+1,671
+19% +$127K
V icon
79
Visa
V
$677B
$767K 0.46%
3,895
-643
-14% -$133K
BAC icon
80
Bank of America
BAC
$442B
$744K 0.45%
23,894
-30,042
-56% -$1.08M
VIRT icon
81
Virtu Financial
VIRT
$4.93B
$743K 0.45%
31,744
+23,341
+278% +$668K
CC icon
82
Chemours
CC
$2.37B
$741K 0.45%
23,146
+175
+0.8% +$6.44K
MA icon
83
Mastercard
MA
$493B
$740K 0.45%
2,345
+355
+18% +$122K
WFC icon
84
Wells Fargo
WFC
$264B
$693K 0.42%
17,696
-214
-1% -$9.39K
CMCSA icon
85
Comcast
CMCSA
$90B
$640K 0.39%
16,322
+4,883
+43% +$209K
MAN icon
86
ManpowerGroup
MAN
$2.63B
$597K 0.36%
7,819
+70
+0.9% +$6.13K
CI icon
87
Cigna
CI
$74.6B
$592K 0.36%
2,245
+685
+44% +$177K
NVDA icon
88
NVIDIA
NVDA
$5.42T
$586K 0.35%
38,640
-580
-1% -$10.9K
COST icon
89
Costco
COST
$420B
$581K 0.35%
1,212
-10
-0.8% -$5.07K
PEP icon
90
PepsiCo
PEP
$190B
$548K 0.33%
3,287
-35
-1% -$5.89K
COR icon
91
Cencora
COR
$61.2B
$546K 0.33%
3,858
+55
+1% +$8.41K
LLY icon
92
Eli Lilly
LLY
$1.06T
$527K 0.32%
1,626
-83
-5% -$24.9K
JBL icon
93
Jabil
JBL
$35.8B
$470K 0.28%
9,182
-1,628
-15% -$94.3K
ELV icon
94
Elevance Health
ELV
$85.5B
$469K 0.28%
971
+88
+10% +$43.5K
ADM icon
95
Archer Daniels Midland
ADM
$36.9B
$467K 0.28%
6,016
+794
+15% +$69.4K
CNC icon
96
Centene
CNC
$32.5B
$464K 0.28%
5,489
-295
-5% -$24.5K
IT icon
97
Gartner
IT
$11.7B
$447K 0.27%
1,848
+315
+21% +$83.8K
CDNS icon
98
Cadence Design Systems
CDNS
$93.4B
$431K 0.26%
2,872
-319
-10% -$48.2K
ON icon
99
ON Semiconductor
ON
$31.6B
$431K 0.26%
8,571
+3,128
+57% +$174K
TMO icon
100
Thermo Fisher Scientific
TMO
$220B
$405K 0.25%
746
-14
-2% -$7.71K
2 3
4
5 6

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Convergence Investment Partners's Q2 2022 Portfolio in Review

As of Q2 2022, Convergence Investment Partners held 254 positions worth $165M, down 15% from $194M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Convergence Investment Partners withdrew a net $6.44M in Q2 2022, closing 52 positions and reducing 89 holdings. Its most notable exit was Simon Property Group, an estimated $1.55M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Convergence Investment Partners opened a new position in Kimberly-Clark worth $2.26M.

  • Convergence Investment Partners's largest Q2 2022 buy was Kimberly-Clark: 16,702 shares worth $2.26M.
  • Convergence Investment Partners added most to US Bancorp in Q2 2022, an estimated $1.29M increase.
  • Convergence Investment Partners's biggest Q2 2022 reduction was Procter & Gamble, cutting an estimated $1.69M.
  • Convergence Investment Partners fully exited Simon Property Group in Q2 2022, selling an estimated $1.55M.
  • Convergence Investment Partners's ten largest holdings make up 21% of its $165M portfolio in Q2 2022.
  • Convergence Investment Partners opened 42 new positions and closed 52 in Q2 2022.
  • Convergence Investment Partners's portfolio value fell 15% quarter-over-quarter to $165M.

Based on Convergence Investment Partners's 13F filing for Q2 2022, filed 5 Aug 2022.