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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
MOD icon
176
Modine Manufacturing
MOD
$10.4B
$357K 0.14%
3,753
-1,695
-31% -$131K
REZI icon
177
Resideo Technologies
REZI
$3.95B
$357K 0.14%
+15,920
New +$314K
ABT icon
178
Abbott
ABT
$187B
$352K 0.13%
3,094
+15
+0.5% +$1.72K
DUOL icon
179
Duolingo
DUOL
$6.12B
$352K 0.13%
+1,596
New +$325K
PFE icon
180
Pfizer
PFE
$153B
$352K 0.13%
12,683
-1,663
-12% -$46.1K
PEG icon
181
Public Service Enterprise Group
PEG
$37.7B
$351K 0.13%
5,250
+985
+23% +$60.3K
MCD icon
182
McDonald's
MCD
$195B
$350K 0.13%
1,243
-2,379
-66% -$692K
LSTR icon
183
Landstar System
LSTR
$6.21B
$346K 0.13%
+1,796
New +$341K
DKNG icon
184
DraftKings
DKNG
$11.9B
$344K 0.13%
+7,579
New +$308K
HIG icon
185
Hartford Financial Services
HIG
$39.3B
$340K 0.13%
+3,299
New +$302K
KNF icon
186
Knife River
KNF
$3.79B
$336K 0.13%
+4,147
New +$291K
STLD icon
187
Steel Dynamics
STLD
$37.6B
$336K 0.13%
+2,267
New +$285K
SKT icon
188
Tanger
SKT
$4.52B
$333K 0.13%
+11,288
New +$316K
WDAY icon
189
Workday
WDAY
$44.4B
$323K 0.12%
+1,184
New +$337K
BLDR icon
190
Builders FirstSource
BLDR
$8.04B
$321K 0.12%
+1,537
New +$284K
LIN icon
191
Linde
LIN
$226B
$316K 0.12%
680
-4
-0.6% -$1.73K
PSN icon
192
Parsons
PSN
$5.08B
$315K 0.12%
+3,802
New +$277K
UNP icon
193
Union Pacific
UNP
$174B
$313K 0.12%
1,273
-6
-0.5% -$1.48K
RS icon
194
Reliance Steel & Aluminium
RS
$21.6B
$311K 0.12%
+930
New +$283K
HCA icon
195
HCA Healthcare
HCA
$89.5B
$306K 0.12%
918
-4
-0.4% -$1.22K
J icon
196
Jacobs Solutions
J
$17B
$306K 0.12%
+2,408
New +$282K
SR icon
197
Spire
SR
$4.85B
$305K 0.12%
+4,971
New +$297K
ETN icon
198
Eaton
ETN
$174B
$302K 0.12%
967
-4
-0.4% -$1.09K
IDXX icon
199
Idexx Laboratories
IDXX
$46.2B
$301K 0.12%
+558
New +$305K
AXP icon
200
American Express
AXP
$230B
$298K 0.11%
1,309
-7
-0.5% -$1.45K
6 7
8
9 10

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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.