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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
LRCX icon
201
Lam Research
LRCX
$390B
$294K 0.11%
3,020
-40
-1% -$3.52K
LOPE icon
202
Grand Canyon Education
LOPE
$3.98B
$285K 0.11%
+2,096
New +$274K
TGT icon
203
Target
TGT
$68B
$282K 0.11%
1,593
-8
-0.5% -$1.22K
INTU icon
204
Intuit
INTU
$89B
$280K 0.11%
430
-1
-0.2% -$638
UE icon
205
Urban Edge Properties
UE
$2.73B
$278K 0.11%
+16,112
New +$279K
GM icon
206
General Motors
GM
$76.8B
$276K 0.11%
6,090
+61
+1% +$2.36K
TXN icon
207
Texas Instruments
TXN
$261B
$275K 0.11%
1,580
-10
-0.6% -$1.67K
DHR icon
208
Danaher
DHR
$144B
$273K 0.1%
1,092
-5
-0.5% -$1.22K
CB icon
209
Chubb
CB
$135B
$272K 0.1%
1,051
-5
-0.5% -$1.23K
CNA icon
210
CNA Financial
CNA
$14.1B
$272K 0.1%
+5,994
New +$265K
TMUS icon
211
T-Mobile US
TMUS
$190B
$269K 0.1%
1,646
-53
-3% -$8.63K
HON icon
212
Honeywell
HON
$78B
$266K 0.1%
1,373
-5
-0.4% -$941
SUM
213
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
$266K 0.1%
+5,962
New +$236K
ANF icon
214
Abercrombie & Fitch
ANF
$5B
$265K 0.1%
2,116
-976
-32% -$111K
WBA
215
DELISTED
Walgreens Boots Alliance
WBA
$264K 0.1%
+12,160
New +$270K
IBP icon
216
Installed Building Products
IBP
$6.49B
$263K 0.1%
+1,017
New +$218K
BCO icon
217
Brink's
BCO
$4.62B
$260K 0.1%
+2,812
New +$234K
OZK icon
218
Bank OZK
OZK
$5.61B
$254K 0.1%
+5,582
New +$250K
XPO icon
219
XPO
XPO
$23.7B
$254K 0.1%
+2,078
New +$222K
BLD
220
DELISTED
TopBuild
BLD
$251K 0.1%
+570
New +$223K
CLF icon
221
Cleveland-Cliffs
CLF
$6.99B
$249K 0.1%
+10,960
New +$217K
TJX icon
222
TJX Companies
TJX
$178B
$243K 0.09%
2,391
-10
-0.4% -$969
DE icon
223
Deere & Co
DE
$168B
$242K 0.09%
589
-3
-0.5% -$1.15K
SPGI icon
224
S&P Global
SPGI
$120B
$242K 0.09%
570
-4
-0.7% -$1.73K
CMC icon
225
Commercial Metals
CMC
$8.31B
$241K 0.09%
+4,109
New +$218K
7 8
9
10 11

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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.