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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
-10.17%
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
$165M
AUM Growth
-$28.7M
(-15%)
Cap. Flow
-$6.44M
Cap. Flow
% of AUM
-3.89%
Top 10 Holdings %
Top 10 Hldgs %
20.5%
Holding
254
New
42
Increased
71
Reduced
89
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kimberly-Clark
KMB
|
+$2.2M |
| 2 |
NSA
National Storage Affiliates Trust
NSA
|
+$1.32M |
| 3 |
US Bancorp
USB
|
+$1.29M |
| 4 |
Unum
UNM
|
+$1.17M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$1.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$1.69M |
| 2 |
Simon Property Group
SPG
|
+$1.55M |
| 3 |
Cummins
CMI
|
+$1.17M |
| 4 |
Bank of America
BAC
|
+$1.08M |
| 5 |
Fidelity National Financial
FNF
|
+$992K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.48% |
| 2 | Healthcare | 16.87% |
| 3 | Financials | 15.66% |
| 4 | Consumer Staples | 8.79% |
| 5 | Communication Services | 8.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.84T
| $4.99M | 3.02% |
19,420
-209
| -1% | -$56.7K |
|
2
Apple
AAPL
$4.89T
| $4.63M | 2.8% |
33,830
-1,263
| -4% | -$191K |
|
3
AbbVie
ABBV
$458B
| $3.73M | 2.25% |
24,331
+543
| +2% | +$83K |
|
4
Pfizer
PFE
$140B
| $3.59M | 2.17% |
68,530
+1,743
| +3% | +$88.8K |
|
5
Verizon
VZ
$194B
| $3.42M | 2.07% |
67,410
-7,171
| -10% | -$363K |
|
6
ExxonMobil
XOM
$651B
| $3M | 1.81% |
34,994
-5
| -0% | -$451 |
|
7
IBM
IBM
$202B
| $2.97M | 1.79% |
21,006
+145
| +0.7% | +$19.6K |
|
8
Broadcom
AVGO
$1.82T
| $2.56M | 1.55% |
52,630
-1,460
| -3% | -$81.9K |
|
9
Chevron
CVX
$388B
| $2.56M | 1.55% |
17,652
-1,224
| -6% | -$202K |
|
10
CVS Health
CVS
$137B
| $2.46M | 1.49% |
26,516
-664
| -2% | -$64.8K |
|
11
Amgen
AMGN
$203B
| $2.36M | 1.43% |
9,686
-370
| -4% | -$90.7K |
|
12
Home Depot
HD
$332B
| $2.3M | 1.39% |
8,388
+1,592
| +23% | +$470K |
|
13
JPMorgan Chase
JPM
$939B
| $2.27M | 1.37% |
20,153
-44
| -0.2% | -$5.45K |
|
|
14
Kimberly-Clark
KMB
$36.4B
| $2.26M | 1.37% |
+16,702
| New | +$2.2M |
|
15
AT&T
T
$165B
| $2.26M | 1.37% |
107,679
-8,445
| -7% | -$168K |
|
16
Walmart Inc
WMT
$871B
| $2.21M | 1.34% |
54,498
-5,598
| -9% | -$258K |
|
17
Merck
MRK
$324B
| $2.19M | 1.32% |
23,972
+3,436
| +17% | +$305K |
|
18
Alphabet (Google) Class C
GOOG
$3.9T
| $2.11M | 1.27% |
19,260
-460
| -2% | -$54.4K |
|
|
19
Alphabet (Google) Class A
GOOGL
$3.91T
| $2.04M | 1.23% |
18,720
-1,440
| -7% | -$170K |
|
20
Amazon
AMZN
$2.5T
| $2.02M | 1.22% |
18,999
-441
| -2% | -$55.2K |
|
21
Gilead Sciences
GILD
$161B
| $1.95M | 1.18% |
31,546
-3,007
| -9% | -$186K |
|
22
Lockheed Martin
LMT
$134B
| $1.93M | 1.17% |
4,487
-32
| -0.7% | -$14.1K |
|
23
HP
HPQ
$23.5B
| $1.91M | 1.15% |
58,154
-4,039
| -6% | -$148K |
|
24
Cardinal Health
CAH
$53.4B
| $1.84M | 1.11% |
35,178
+3,698
| +12% | +$210K |
|
25
United Parcel Service
UPS
$97.6B
| $1.77M | 1.07% |
9,706
-32
| -0.3% | -$5.84K |
|
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Convergence Investment Partners's Q2 2022 Portfolio in Review
As of Q2 2022, Convergence Investment Partners held 254 positions worth $165M, down 15% from $194M the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Convergence Investment Partners withdrew a net $6.44M in Q2 2022, closing 52 positions and reducing 89 holdings. Its most notable exit was Simon Property Group, an estimated $1.55M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 21% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Convergence Investment Partners opened a new position in Kimberly-Clark worth $2.26M.
- Convergence Investment Partners's largest Q2 2022 buy was Kimberly-Clark: 16,702 shares worth $2.26M.
- Convergence Investment Partners added most to US Bancorp in Q2 2022, an estimated $1.29M increase.
- Convergence Investment Partners's biggest Q2 2022 reduction was Procter & Gamble, cutting an estimated $1.69M.
- Convergence Investment Partners fully exited Simon Property Group in Q2 2022, selling an estimated $1.55M.
- Convergence Investment Partners's ten largest holdings make up 21% of its $165M portfolio in Q2 2022.
- Convergence Investment Partners opened 42 new positions and closed 52 in Q2 2022.
- Convergence Investment Partners's portfolio value fell 15% quarter-over-quarter to $165M.
Based on Convergence Investment Partners's 13F filing for Q2 2022, filed 5 Aug 2022.