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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
ALKS icon
126
Alkermes
ALKS
$8.25B
$543K 0.21%
+20,068
New +$570K
BRBR icon
127
BellRing Brands
BRBR
$1.34B
$543K 0.21%
+9,203
New +$524K
CNM icon
128
Core & Main
CNM
$8.71B
$524K 0.2%
9,150
+3,356
+58% +$154K
BKNG icon
129
Booking.com
BKNG
$161B
$522K 0.2%
3,600
+825
+30% +$118K
BG icon
130
Bunge Global
BG
$20.8B
$515K 0.2%
+5,019
New +$470K
CVS icon
131
CVS Health
CVS
$122B
$507K 0.19%
6,363
-2,466
-28% -$188K
GFF icon
132
Griffon
GFF
$4.86B
$506K 0.19%
+6,898
New +$450K
PEP icon
133
PepsiCo
PEP
$190B
$498K 0.19%
2,844
-4,137
-59% -$696K
PPC icon
134
Pilgrim's Pride
PPC
$6.54B
$491K 0.19%
+14,305
New +$429K
GWW icon
135
W.W. Grainger
GWW
$60.2B
$488K 0.19%
+480
New +$447K
COKE icon
136
Coca-Cola Consolidated
COKE
$12.8B
$482K 0.18%
5,700
+1,600
+39% +$138K
EXC icon
137
Exelon
EXC
$47B
$476K 0.18%
+12,669
New +$453K
ETRN
138
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$476K 0.18%
+38,147
New +$409K
BCC icon
139
Boise Cascade
BCC
$3.02B
$471K 0.18%
3,073
+1,436
+88% +$194K
AMD icon
140
Advanced Micro Devices
AMD
$789B
$462K 0.18%
2,558
-11
-0.4% -$1.92K
SMCI icon
141
Super Micro Computer
SMCI
$20.1B
$459K 0.18%
+4,540
New +$333K
OC icon
142
Owens Corning
OC
$12.4B
$458K 0.18%
+2,748
New +$419K
TAP icon
143
Molson Coors Class B
TAP
$8.09B
$458K 0.18%
+6,813
New +$432K
EXP icon
144
Eagle Materials
EXP
$6.57B
$446K 0.17%
1,640
+513
+46% +$121K
GE icon
145
GE Aerospace
GE
$384B
$442K 0.17%
3,155
-441
-12% -$52K
LOW icon
146
Lowe's Companies
LOW
$125B
$438K 0.17%
1,720
-7
-0.4% -$1.61K
ORCL icon
147
Oracle
ORCL
$423B
$438K 0.17%
3,486
-7,490
-68% -$857K
AGO icon
148
Assured Guaranty
AGO
$3.34B
$431K 0.17%
4,935
+1,434
+41% +$121K
DOCU
149
DocuSign
DOCU
$11.5B
$428K 0.16%
+7,187
New +$406K
AEO icon
150
American Eagle Outfitters
AEO
$3.01B
$425K 0.16%
16,496
+5,588
+51% +$124K
4 5
6
7 8

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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.