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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
LEN icon
76
Lennar Class A
LEN
$21.2B
$1.11M 0.43%
+6,697
New +$1.01M
COR icon
77
Cencora
COR
$61.2B
$1.08M 0.41%
4,435
+1,743
+65% +$401K
MPC icon
78
Marathon Petroleum
MPC
$83.7B
$1.07M 0.41%
5,312
+1,529
+40% +$261K
PYPL icon
79
PayPal
PYPL
$50.5B
$1.07M 0.41%
+15,908
New +$976K
UNH icon
80
UnitedHealth
UNH
$370B
$1.04M 0.4%
2,102
-419
-17% -$213K
PRU icon
81
Prudential Financial
PRU
$41.8B
$1.03M 0.4%
8,790
-451
-5% -$48.6K
P
82
Everpure Inc
P
$29.9B
$1.01M 0.39%
+19,390
New +$866K
CVI icon
83
CVR Energy
CVI
$3.13B
$1.01M 0.39%
+28,243
New +$938K
PSA icon
84
Public Storage
PSA
$61.3B
$1M 0.39%
3,465
-76
-2% -$21.8K
CRWD icon
85
CrowdStrike
CRWD
$218B
$988K 0.38%
12,328
+5,856
+90% +$448K
MCK icon
86
McKesson
MCK
$101B
$932K 0.36%
1,736
+421
+32% +$214K
ALE
87
DELISTED
Allete
ALE
$930K 0.36%
15,586
-3,994
-20% -$235K
MARA icon
88
Marathon Digital Holdings
MARA
$3.9B
$927K 0.36%
+41,050
New +$897K
PLTR icon
89
Palantir
PLTR
$413B
$922K 0.35%
40,081
+17,003
+74% +$362K
CI icon
90
Cigna
CI
$74.6B
$907K 0.35%
2,498
+673
+37% +$222K
BMY icon
91
Bristol-Myers Squibb
BMY
$132B
$901K 0.35%
16,614
+6,416
+63% +$327K
BKH icon
92
Black Hills Corp
BKH
$5.69B
$891K 0.34%
+16,313
New +$854K
UPS icon
93
United Parcel Service
UPS
$88.9B
$890K 0.34%
5,987
+4,520
+308% +$687K
TNL icon
94
Travel + Leisure Co
TNL
$4.7B
$886K 0.34%
+18,097
New +$773K
RYN icon
95
Rayonier
RYN
$6.55B
$880K 0.34%
+29,189
New +$872K
SNX icon
96
TD Synnex
SNX
$20.2B
$874K 0.33%
+7,730
New +$803K
UBER icon
97
Uber
UBER
$153B
$873K 0.33%
11,333
+7,093
+167% +$509K
COST icon
98
Costco
COST
$420B
$869K 0.33%
1,187
-58
-5% -$41.4K
CDNS icon
99
Cadence Design Systems
CDNS
$93.4B
$867K 0.33%
2,786
-15
-0.5% -$4.44K
PM icon
100
Philip Morris
PM
$295B
$823K 0.32%
8,981
-253
-3% -$23.3K
2 3
4
5 6

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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.