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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
VRT icon
151
Vertiv
VRT
$105B
$412K 0.16%
5,044
-2,857
-36% -$180K
PCAR icon
152
PACCAR
PCAR
$70.1B
$410K 0.16%
3,313
+64
+2% +$6.88K
SEIC icon
153
SEI Investments
SEIC
$12.6B
$408K 0.16%
+5,669
New +$377K
RGA icon
154
Reinsurance Group of America
RGA
$16.1B
$405K 0.16%
2,098
+715
+52% +$125K
INTC icon
155
Intel
INTC
$513B
$404K 0.15%
9,157
-15,657
-63% -$698K
IESC icon
156
IES Holdings
IESC
$15.2B
$403K 0.15%
+3,309
New +$317K
FTDR icon
157
Frontdoor
FTDR
$6.26B
$395K 0.15%
12,136
+6,184
+104% +$200K
COP icon
158
ConocoPhillips
COP
$141B
$394K 0.15%
3,093
-14
-0.5% -$1.6K
DIS icon
159
Walt Disney
DIS
$181B
$392K 0.15%
3,206
-14
-0.4% -$1.46K
ITRI icon
160
Itron
ITRI
$4.54B
$392K 0.15%
+4,232
New +$341K
MLI icon
161
Mueller Industries
MLI
$15.2B
$390K 0.15%
+14,480
New +$358K
MSA icon
162
Mine Safety
MSA
$7.49B
$390K 0.15%
+2,013
New +$354K
TMO icon
163
Thermo Fisher Scientific
TMO
$220B
$390K 0.15%
670
-1
-0.1% -$561
RITM icon
164
Rithm Capital
RITM
$5.69B
$389K 0.15%
34,812
+13,328
+62% +$143K
THO icon
165
Thor Industries
THO
$4.14B
$384K 0.15%
3,275
+452
+16% +$51.8K
NU icon
166
Nu Holdings
NU
$66.9B
$382K 0.15%
+32,049
New +$327K
DVA icon
167
DaVita
DVA
$11.7B
$379K 0.15%
+2,747
New +$330K
DPZ icon
168
Domino's
DPZ
$11.6B
$377K 0.14%
+759
New +$329K
GS icon
169
Goldman Sachs
GS
$303B
$375K 0.14%
897
-3,622
-80% -$1.41M
EVRG icon
170
Evergy
EVRG
$19.2B
$374K 0.14%
+6,999
New +$358K
STRL icon
171
Sterling Infrastructure
STRL
$16.7B
$368K 0.14%
+3,334
New +$303K
ELV icon
172
Elevance Health
ELV
$85.5B
$367K 0.14%
708
-3
-0.4% -$1.49K
AMR icon
173
Alpha Metallurgical Resources
AMR
$1.93B
$362K 0.14%
1,092
+290
+36% +$106K
WELL icon
174
Welltower
WELL
$171B
$359K 0.14%
3,842
+1,127
+42% +$102K
ADBE icon
175
Adobe
ADBE
$105B
$358K 0.14%
709
-660
-48% -$378K
5 6
7
8 9

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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.