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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
+6.98%
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
$174M
AUM Growth
+$4.15M
Cap. Flow
-$4.16M
Cap. Flow %
-2.39%
Top 10 Hldgs %
23.66%
Holding
208
New
31
Increased
43
Reduced
94
Closed
40

Top Buys

Rank Stock Value
1
NI icon
NiSource
NI
+$1.67M
2
C icon
Citigroup
C
+$1.32M
3
BAC icon
Bank of America
BAC
+$1.29M
4
GS icon
Goldman Sachs
GS
+$1.28M
5
MO icon
Altria Group
MO
+$1.13M

Top Sells

Rank Stock Value
1
TFC icon
Truist Financial
TFC
+$1.33M
2
UGI icon
UGI
UGI
+$1.21M
3
LAZ icon
Lazard
LAZ
+$1.2M
4
CAG icon
Conagra Brands
CAG
+$1.13M
5
PNW icon
Pinnacle West Capital
PNW
+$1.12M

Sector Composition

Rank Sector Weight
1 Technology 24.06%
2 Healthcare 15.09%
3 Financials 14.45%
4 Consumer Discretionary 9%
5 Communication Services 7.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HPE icon
176
Hewlett Packard
HPE
$70.5B
– –
-13,094
Closed -$209K
HUM icon
177
Humana
HUM
$46.2B
– –
-810
Closed -$393K
IBKR icon
178
Interactive Brokers
IBKR
$39.8B
– –
-12,244
Closed -$253K
IDXX icon
179
Idexx Laboratories
IDXX
$46.2B
– –
-694
Closed -$347K
INSP icon
180
Inspire Medical Systems
INSP
$1.74B
– –
-869
Closed -$203K
IT icon
181
Gartner
IT
$11.7B
– –
-834
Closed -$272K
JXN icon
182
Jackson Financial
JXN
$8.8B
– –
-5,371
Closed -$201K
KR icon
183
Kroger
KR
$34.8B
– –
-4,221
Closed -$208K
LAZ icon
184
Lazard
LAZ
$4.31B
– –
-36,303
Closed -$1.2M
LW icon
185
Lamb Weston
LW
$7.19B
– –
-2,052
Closed -$214K
MKTX icon
186
MarketAxess Holdings
MKTX
$5.72B
– –
-696
Closed -$272K
MTD icon
187
Mettler-Toledo International
MTD
$28.6B
– –
-177
Closed -$271K
NRG icon
188
NRG Energy
NRG
$24.8B
– –
-29,619
Closed -$1.02M
NXST icon
189
Nexstar Media Group
NXST
$5.97B
– –
-3,988
Closed -$689K
OI icon
190
O-I Glass
OI
$1.08B
– –
-10,296
Closed -$234K
ORLY icon
191
O'Reilly Automotive
ORLY
$76.3B
– –
-5,715
Closed -$323K
PCAR icon
192
PACCAR
PCAR
$70.1B
– –
-3,188
Closed -$233K
PNW icon
193
Pinnacle West Capital
PNW
$12.2B
– –
-14,113
Closed -$1.12M
RF icon
194
Regions Financial
RF
$26.8B
– –
-43,307
Closed -$804K
RS icon
195
Reliance Steel & Aluminium
RS
$21.6B
– –
-786
Closed -$202K
SANM icon
196
Sanmina
SANM
$10.9B
– –
-3,411
Closed -$208K
SNEX icon
197
StoneX
SNEX
$7.94B
– –
-12,494
Closed -$256K
STNG icon
198
Scorpio Tankers
STNG
$3.81B
– –
-5,994
Closed -$338K
TFC icon
199
Truist Financial
TFC
$64B
– –
-38,973
Closed -$1.33M
TT icon
200
Trane Technologies
TT
$106B
– –
-1,400
Closed -$258K
5 6 7
8
9

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Convergence Investment Partners's Q2 2023 Portfolio in Review

As of Q2 2023, Convergence Investment Partners held 208 positions worth $174M, up 2.4% from $170M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Convergence Investment Partners's Q2 2023 filing shows 31 new, 43 increased, 94 reduced and 40 closed positions. Its largest new stake was NiSource: 60,196 shares worth $1.65M. The largest sale was Truist Financial, an estimated $1.33M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

  • Convergence Investment Partners's largest Q2 2023 buy was NiSource: 60,196 shares worth $1.65M.
  • Convergence Investment Partners added most to Citigroup in Q2 2023, an estimated $1.32M increase.
  • Convergence Investment Partners's biggest Q2 2023 reduction was Home Depot, cutting an estimated $672K.
  • Convergence Investment Partners fully exited Truist Financial in Q2 2023, selling an estimated $1.33M.
  • Convergence Investment Partners's ten largest holdings make up 24% of its $174M portfolio in Q2 2023.
  • Convergence Investment Partners opened 31 new positions and closed 40 in Q2 2023.
  • Convergence Investment Partners's portfolio value rose 2.4% quarter-over-quarter to $174M.

Based on Convergence Investment Partners's 13F filing for Q2 2023, filed 26 Jul 2023.