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CIP

Convergence Investment Partners Portfolio holdings

AUM $611M
1-Year Est. Return 61.48%
This Fund
S&P 500
This Quarter Est. Return
+21.21%
1 Year Est. Return
+61.48%
3 Year Est. Return
+199.5%
5 Year Est. Return
+275.62%
10 Year Est. Return
+998.75%
AUM
$291M
AUM Growth
+$62.3M
Cap. Flow
+$23.7M
Cap. Flow %
8.14%
Top 10 Hldgs %
17.8%
Holding
267
New
61
Increased
112
Reduced
37
Closed
57

Top Buys

Rank Stock Value
1
MMM icon
3M
MMM
+$2.11M
2
CAT icon
Caterpillar
CAT
+$2.08M
3
EQR icon
Equity Residential
EQR
+$1.9M
4
MCD icon
McDonald's
MCD
+$1.88M
5
USB icon
US Bancorp
USB
+$1.82M

Top Sells

Rank Stock Value
1
ETN icon
Eaton
ETN
+$2.08M
2
PFE icon
Pfizer
PFE
+$1.95M
3
RTX icon
RTX Corp
RTX
+$1.33M
4
GM icon
General Motors
GM
+$1.28M
5
CFG icon
Citizens Financial Group
CFG
+$1.17M

Sector Composition

Rank Sector Weight
1 Technology 19.8%
2 Healthcare 15.57%
3 Financials 14.35%
4 Consumer Discretionary 10.21%
5 Consumer Staples 8.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.9T
$6.36M 2.19%
31,265
-3,579
-10% -$650K
T icon
2
AT&T
T
$165B
$6.23M 2.14%
272,864
+21,090
+8% +$480K
AAPL icon
3
Apple
AAPL
$4.93T
$6.14M 2.11%
67,348
-8,364
-11% -$648K
ABBV icon
4
AbbVie
ABBV
$462B
$5.43M 1.87%
55,271
+2,487
+5% +$219K
AMGN icon
5
Amgen
AMGN
$204B
$5.19M 1.78%
21,998
+389
+2% +$88.8K
GILD icon
6
Gilead Sciences
GILD
$163B
$5.19M 1.78%
67,417
+3,750
+6% +$287K
AMZN icon
7
Amazon
AMZN
$2.52T
$4.5M 1.55%
32,640
-3,100
-9% -$374K
CSCO icon
8
Cisco
CSCO
$452B
$4.37M 1.5%
93,675
-10,068
-10% -$442K
HD icon
9
Home Depot
HD
$338B
$4.24M 1.46%
16,916
+473
+3% +$108K
VZ icon
10
Verizon
VZ
$196B
$4.12M 1.42%
74,748
-14,643
-16% -$824K
WMT icon
11
Walmart Inc
WMT
$878B
$3.89M 1.34%
97,359
-5,604
-5% -$231K
MS icon
12
Morgan Stanley
MS
$345B
$3.8M 1.31%
78,649
+3,110
+4% +$131K
JPM icon
13
JPMorgan Chase
JPM
$954B
$3.69M 1.27%
39,286
+3,454
+10% +$328K
PG icon
14
Procter & Gamble
PG
$346B
$3.6M 1.24%
30,150
+2,857
+10% +$333K
INTC icon
15
Intel
INTC
$470B
$3.56M 1.22%
59,527
+6,011
+11% +$359K
CAH icon
16
Cardinal Health
CAH
$53.6B
$3.43M 1.18%
65,788
+2,499
+4% +$129K
QCOM icon
17
Qualcomm
QCOM
$178B
$3.43M 1.18%
37,591
+1,974
+6% +$158K
ORCL icon
18
Oracle
ORCL
$347B
$3.39M 1.17%
61,381
+8,240
+16% +$437K
LMT icon
19
Lockheed Martin
LMT
$135B
$3.33M 1.15%
9,128
+889
+11% +$336K
C icon
20
Citigroup
C
$226B
$3.31M 1.14%
64,796
+10,276
+19% +$488K
IBM icon
21
IBM
IBM
$205B
$3.24M 1.11%
28,079
-8,287
-23% -$962K
VLO icon
22
Valero Energy
VLO
$90.2B
$3.13M 1.08%
53,250
+1,170
+2% +$69.9K
COR icon
23
Cencora
COR
$60.4B
$3.03M 1.04%
30,095
+1,579
+6% +$145K
BAC icon
24
Bank of America
BAC
$442B
$2.95M 1.01%
124,131
+26,702
+27% +$631K
KMB icon
25
Kimberly-Clark
KMB
$36.9B
$2.88M 0.99%
20,363
+1,560
+8% +$215K
1
2 3 4 5

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Convergence Investment Partners's Q2 2020 Portfolio in Review

As of Q2 2020, Convergence Investment Partners held 267 positions worth $291M, up 27% from $229M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Convergence Investment Partners deployed $23.7M of net new capital in Q2 2020, opening 61 new positions and adding to 112 existing holdings. Its largest new stake was 3M: 16,726 shares worth $2.18M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Pfizer, an estimated $1.95M trimmed.

  • Convergence Investment Partners's largest Q2 2020 buy was 3M: 16,726 shares worth $2.18M.
  • Convergence Investment Partners added most to McDonald's in Q2 2020, an estimated $1.88M increase.
  • Convergence Investment Partners's biggest Q2 2020 reduction was Pfizer, cutting an estimated $1.95M.
  • Convergence Investment Partners fully exited Eaton in Q2 2020, selling an estimated $2.08M.
  • Convergence Investment Partners's ten largest holdings make up 18% of its $291M portfolio in Q2 2020.
  • Convergence Investment Partners opened 61 new positions and closed 57 in Q2 2020.
  • Convergence Investment Partners's portfolio value rose 27% quarter-over-quarter to $291M.

Based on Convergence Investment Partners's 13F filing for Q2 2020, filed 30 Jul 2020.