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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
EBAY icon
101
eBay
EBAY
$49.8B
$752K 0.29%
+14,255
New +$648K
COIN icon
102
Coinbase
COIN
$40.5B
$739K 0.28%
2,789
+545
+24% +$98.1K
PBF icon
103
PBF Energy
PBF
$7.31B
$737K 0.28%
12,805
+5,106
+66% +$250K
CNC icon
104
Centene
CNC
$32.5B
$732K 0.28%
9,324
+3,291
+55% +$254K
V icon
105
Visa
V
$677B
$732K 0.28%
2,621
-104
-4% -$28.7K
MUSA icon
106
Murphy USA
MUSA
$9.61B
$719K 0.28%
1,716
+805
+88% +$315K
PGR icon
107
Progressive
PGR
$125B
$698K 0.27%
3,374
+1,545
+84% +$287K
PAGS icon
108
PagSeguro Digital
PAGS
$2.55B
$689K 0.26%
+48,240
New +$638K
TSLA icon
109
Tesla
TSLA
$1.3T
$669K 0.26%
3,807
-149
-4% -$29.1K
AMG icon
110
Affiliated Managers Group
AMG
$9.76B
$667K 0.26%
3,983
+1,927
+94% +$300K
MA icon
111
Mastercard
MA
$493B
$664K 0.25%
1,379
-4
-0.3% -$1.83K
GMS
112
DELISTED
GMS Inc
GMS
$658K 0.25%
6,761
+3,510
+108% +$307K
MTG icon
113
MGIC Investment
MTG
$6.25B
$643K 0.25%
28,756
+14,125
+97% +$282K
OGN icon
114
Organon & Co
OGN
$3.57B
$641K 0.25%
+34,074
New +$585K
AMP icon
115
Ameriprise Financial
AMP
$48.8B
$638K 0.24%
1,455
+144
+11% +$57.7K
VTRS icon
116
Viatris
VTRS
$18.9B
$625K 0.24%
52,383
+29,944
+133% +$361K
EME icon
117
Emcor
EME
$36B
$622K 0.24%
1,776
+475
+37% +$128K
ACH
118
Accendra Health
ACH
$214M
$618K 0.24%
+22,290
New +$495K
STNE icon
119
StoneCo
STNE
$2.58B
$602K 0.23%
36,273
+17,259
+91% +$296K
VCTR icon
120
Victory Capital Holdings
VCTR
$6.65B
$581K 0.22%
+13,689
New +$505K
PARR icon
121
Par Pacific Holdings
PARR
$3.32B
$579K 0.22%
15,627
+6,454
+70% +$237K
TFC icon
122
Truist Financial
TFC
$64B
$579K 0.22%
14,842
+5,254
+55% +$192K
MOH icon
123
Molina Healthcare
MOH
$10.3B
$547K 0.21%
1,332
+468
+54% +$181K
VRTX icon
124
Vertex Pharmaceuticals
VRTX
$126B
$546K 0.21%
1,306
+148
+13% +$62.6K
F icon
125
Ford
F
$55.7B
$545K 0.21%
41,056
+14,434
+54% +$175K
3 4
5
6 7

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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.