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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
+5.31%
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
$170M
AUM Growth
+$1.25M
Cap. Flow
-$2.53M
Cap. Flow %
-1.49%
Top 10 Hldgs %
23.51%
Holding
242
New
37
Increased
60
Reduced
79
Closed
65

Top Buys

Rank Stock Value
1
NEM icon
Newmont
NEM
+$1.45M
2
STT icon
State Street
STT
+$1.29M
3
PSA icon
Public Storage
PSA
+$1.25M
4
WBA
Walgreens Boots Alliance
WBA
+$1.22M
5
SPG icon
Simon Property Group
SPG
+$1.19M

Top Sells

Rank Stock Value
1
KEY icon
KeyCorp
KEY
+$1.28M
2
JNPR
Juniper Networks
JNPR
+$1.24M
3
SYF icon
Synchrony
SYF
+$1.04M
4
CC icon
Chemours
CC
+$992K
5
EXR icon
Extra Space Storage
EXR
+$952K

Sector Composition

Rank Sector Weight
1 Technology 21.58%
2 Healthcare 16.58%
3 Financials 14.23%
4 Consumer Discretionary 8.61%
5 Consumer Staples 8.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.92T
$5.26M 3.09%
18,240
+1,251
+7% +$319K
AAPL icon
2
Apple
AAPL
$4.98T
$4.79M 2.82%
29,074
-704
-2% -$104K
AVGO icon
3
Broadcom
AVGO
$1.83T
$4.48M 2.63%
69,800
+5,330
+8% +$321K
XOM icon
4
ExxonMobil
XOM
$635B
$4.33M 2.55%
39,510
-1,838
-4% -$203K
GILD icon
5
Gilead Sciences
GILD
$167B
$4.22M 2.48%
50,897
-46
-0.1% -$3.81K
ABBV icon
6
AbbVie
ABBV
$470B
$3.83M 2.26%
24,058
-337
-1% -$51.5K
CSCO icon
7
Cisco
CSCO
$456B
$3.6M 2.12%
68,859
+11,613
+20% +$567K
AMGN icon
8
Amgen
AMGN
$212B
$3.31M 1.95%
13,699
-76
-0.6% -$18.7K
IBM icon
9
IBM
IBM
$213B
$3.14M 1.85%
23,978
+606
+3% +$81.1K
MRK icon
10
Merck
MRK
$325B
$2.99M 1.76%
28,075
-322
-1% -$34.8K
HD icon
11
Home Depot
HD
$343B
$2.79M 1.64%
9,467
-220
-2% -$67.5K
JPM icon
12
JPMorgan Chase
JPM
$948B
$2.75M 1.62%
21,069
+1,049
+5% +$144K
CAH icon
13
Cardinal Health
CAH
$54.7B
$2.62M 1.54%
34,663
-323
-0.9% -$24.4K
VZ icon
14
Verizon
VZ
$201B
$2.61M 1.54%
67,185
+867
+1% +$34.2K
WMT icon
15
Walmart Inc
WMT
$899B
$2.44M 1.43%
49,581
-117
-0.2% -$5.55K
VLO icon
16
Valero Energy
VLO
$89.6B
$2.42M 1.42%
17,345
+4,325
+33% +$581K
KMB icon
17
Kimberly-Clark
KMB
$37.7B
$2.14M 1.26%
15,934
+1,708
+12% +$222K
AMZN icon
18
Amazon
AMZN
$2.48T
$2.11M 1.24%
20,452
+4,605
+29% +$445K
CVX icon
19
Chevron
CVX
$375B
$2.07M 1.22%
12,686
-1,643
-11% -$275K
LMT icon
20
Lockheed Martin
LMT
$134B
$2.05M 1.21%
4,340
-297
-6% -$139K
MS icon
21
Morgan Stanley
MS
$333B
$2.05M 1.21%
23,350
+335
+1% +$31.3K
BNY
22
Bank of New York Mellon
BNY
$107B
$2M 1.18%
44,029
+2,834
+7% +$137K
PSX icon
23
Phillips 66
PSX
$83B
$1.99M 1.17%
19,672
+403
+2% +$41K
UPS icon
24
United Parcel Service
UPS
$89.9B
$1.99M 1.17%
10,258
+2
+0% +$367
TXN icon
25
Texas Instruments
TXN
$256B
$1.98M 1.16%
10,637
+157
+1% +$27.6K
1
2 3 4 5

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Convergence Investment Partners's Q1 2023 Portfolio in Review

As of Q1 2023, Convergence Investment Partners held 242 positions worth $170M, up 0.74% from $169M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Convergence Investment Partners's Q1 2023 filing shows 37 new, 60 increased, 79 reduced and 65 closed positions. Its largest new stake was Newmont: 30,004 shares worth $1.47M. The largest sale was KeyCorp, an estimated $1.28M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 19% a quarter earlier, followed by Healthcare and Financials.

  • Convergence Investment Partners's largest Q1 2023 buy was Newmont: 30,004 shares worth $1.47M.
  • Convergence Investment Partners added most to Qualcomm in Q1 2023, an estimated $629K increase.
  • Convergence Investment Partners's biggest Q1 2023 reduction was General Dynamics, cutting an estimated $719K.
  • Convergence Investment Partners fully exited KeyCorp in Q1 2023, selling an estimated $1.28M.
  • Convergence Investment Partners's ten largest holdings make up 24% of its $170M portfolio in Q1 2023.
  • Convergence Investment Partners opened 37 new positions and closed 65 in Q1 2023.
  • Convergence Investment Partners's portfolio value rose 0.74% quarter-over-quarter to $170M.

Based on Convergence Investment Partners's 13F filing for Q1 2023, filed 9 May 2023.