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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
+1.15%
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
$186M
AUM Growth
-$46.3M
Cap. Flow
-$46.6M
Cap. Flow %
-25.01%
Top 10 Hldgs %
18.86%
Holding
277
New
31
Increased
44
Reduced
148
Closed
53

Top Buys

Rank Stock Value
1
NRG icon
NRG Energy
NRG
+$1.33M
2
MDU icon
MDU Resources
MDU
+$1.13M
3
BDN
Brandywine Realty Trust
BDN
+$1.1M
4
KO icon
Coca-Cola
KO
+$1.05M
5
ADSK icon
Autodesk
ADSK
+$480K

Top Sells

Rank Stock Value
1
CSCO icon
Cisco
CSCO
+$1.67M
2
BBY icon
Best Buy
BBY
+$1.67M
3
UPS icon
United Parcel Service
UPS
+$1.59M
4
MED icon
Medifast
MED
+$1.46M
5
AES icon
AES
AES
+$1.41M

Sector Composition

Rank Sector Weight
1 Technology 20.6%
2 Financials 17.22%
3 Healthcare 13.87%
4 Communication Services 9.97%
5 Consumer Discretionary 9.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.9T
$5.44M 2.92%
19,302
-1,565
-7% -$455K
AAPL icon
2
Apple
AAPL
$4.94T
$5.42M 2.91%
38,304
-440
-1% -$64.8K
VZ icon
3
Verizon
VZ
$197B
$3.5M 1.88%
64,791
-9,859
-13% -$545K
JPM icon
4
JPMorgan Chase
JPM
$946B
$3.42M 1.84%
20,920
-6,331
-23% -$993K
AMZN icon
5
Amazon
AMZN
$2.5T
$3.04M 1.64%
18,540
-1,480
-7% -$255K
WMT icon
6
Walmart Inc
WMT
$891B
$3M 1.61%
64,662
-8,349
-11% -$402K
PFE icon
7
Pfizer
PFE
$141B
$2.86M 1.54%
66,520
+4,496
+7% +$199K
HD icon
8
Home Depot
HD
$336B
$2.85M 1.53%
8,682
-1,940
-18% -$637K
PG icon
9
Procter & Gamble
PG
$347B
$2.81M 1.51%
20,113
+3,332
+20% +$472K
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$4.01T
$2.76M 1.48%
20,640
-560
-3% -$76.2K
ORCL icon
11
Oracle
ORCL
$345B
$2.65M 1.42%
30,430
-2,088
-6% -$184K
GOOG icon
12
Alphabet (Google) Class C
GOOG
$4.01T
$2.64M 1.42%
19,780
-880
-4% -$121K
C icon
13
Citigroup
C
$223B
$2.44M 1.31%
34,692
-13,476
-28% -$942K
AVGO icon
14
Broadcom
AVGO
$1.82T
$2.42M 1.3%
50,020
-2,710
-5% -$132K
T icon
15
AT&T
T
$167B
$2.36M 1.27%
115,863
-24,361
-17% -$512K
IBM icon
16
IBM
IBM
$204B
$2.33M 1.25%
17,552
-8,574
-33% -$1.15M
GILD icon
17
Gilead Sciences
GILD
$163B
$2.32M 1.25%
33,231
+5,378
+19% +$378K
BAC icon
18
Bank of America
BAC
$436B
$2.3M 1.24%
54,193
-29,641
-35% -$1.19M
ABBV icon
19
AbbVie
ABBV
$455B
$2.2M 1.18%
20,431
-8,320
-29% -$951K
META icon
20
Meta Platforms (Facebook)
META
$1.51T
$2.16M 1.16%
6,374
-374
-6% -$135K
CVS icon
21
CVS Health
CVS
$137B
$2.06M 1.1%
24,234
-1,450
-6% -$121K
CMCSA icon
22
Comcast
CMCSA
$81.5B
$2.05M 1.1%
36,623
-3,289
-8% -$192K
AMGN icon
23
Amgen
AMGN
$203B
$2.03M 1.09%
9,543
-3,142
-25% -$723K
XOM icon
24
ExxonMobil
XOM
$641B
$1.89M 1.02%
32,146
-12,899
-29% -$735K
GS icon
25
Goldman Sachs
GS
$309B
$1.81M 0.97%
4,789
-1,700
-26% -$664K
1
2 3 4 5

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Convergence Investment Partners's Q3 2021 Portfolio in Review

As of Q3 2021, Convergence Investment Partners held 277 positions worth $186M, down 20% from $233M the previous quarter. Its ten largest holdings account for 19% of the portfolio.

Convergence Investment Partners withdrew a net $46.6M in Q3 2021, closing 53 positions and reducing 148 holdings. Its most notable exit was Best Buy, an estimated $1.67M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Convergence Investment Partners opened a new position in NRG Energy worth $1.28M.

  • Convergence Investment Partners's largest Q3 2021 buy was NRG Energy: 31,285 shares worth $1.28M.
  • Convergence Investment Partners added most to MDU Resources in Q3 2021, an estimated $1.13M increase.
  • Convergence Investment Partners's biggest Q3 2021 reduction was Cisco, cutting an estimated $1.67M.
  • Convergence Investment Partners fully exited Best Buy in Q3 2021, selling an estimated $1.67M.
  • Convergence Investment Partners's ten largest holdings make up 19% of its $186M portfolio in Q3 2021.
  • Convergence Investment Partners opened 31 new positions and closed 53 in Q3 2021.
  • Convergence Investment Partners's portfolio value fell 20% quarter-over-quarter to $186M.

Based on Convergence Investment Partners's 13F filing for Q3 2021, filed 25 Oct 2021.