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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
+6.98%
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
$174M
AUM Growth
+$4.15M
Cap. Flow
-$4.16M
Cap. Flow %
-2.39%
Top 10 Hldgs %
23.66%
Holding
208
New
31
Increased
43
Reduced
94
Closed
40

Top Buys

Rank Stock Value
1
NI icon
NiSource
NI
+$1.67M
2
C icon
Citigroup
C
+$1.32M
3
BAC icon
Bank of America
BAC
+$1.29M
4
GS icon
Goldman Sachs
GS
+$1.28M
5
MO icon
Altria Group
MO
+$1.13M

Top Sells

Rank Stock Value
1
TFC icon
Truist Financial
TFC
+$1.33M
2
UGI icon
UGI
UGI
+$1.21M
3
LAZ icon
Lazard
LAZ
+$1.2M
4
CAG icon
Conagra Brands
CAG
+$1.13M
5
PNW icon
Pinnacle West Capital
PNW
+$1.12M

Sector Composition

Rank Sector Weight
1 Technology 24.06%
2 Healthcare 15.09%
3 Financials 14.45%
4 Consumer Discretionary 9%
5 Communication Services 7.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.84T
$6.04M 3.47%
17,741
-499
-3% -$156K
AAPL icon
2
Apple
AAPL
$4.89T
$5.32M 3.06%
27,430
-1,644
-6% -$286K
AVGO icon
3
Broadcom
AVGO
$1.82T
$5.27M 3.02%
60,710
-9,090
-13% -$648K
XOM icon
4
ExxonMobil
XOM
$651B
$4.22M 2.42%
39,348
-162
-0.4% -$17.7K
CSCO icon
5
Cisco
CSCO
$450B
$3.99M 2.29%
77,114
+8,255
+12% +$406K
GILD icon
6
Gilead Sciences
GILD
$161B
$3.81M 2.18%
49,370
-1,527
-3% -$122K
CAH icon
7
Cardinal Health
CAH
$53.4B
$3.22M 1.85%
34,056
-607
-2% -$51.3K
ABBV icon
8
AbbVie
ABBV
$458B
$3.2M 1.84%
23,756
-302
-1% -$44.3K
IBM icon
9
IBM
IBM
$202B
$3.1M 1.78%
23,182
-796
-3% -$103K
JPM icon
10
JPMorgan Chase
JPM
$939B
$3.04M 1.74%
20,888
-181
-0.9% -$24.9K
AMZN icon
11
Amazon
AMZN
$2.5T
$2.95M 1.69%
22,637
+2,185
+11% +$250K
AMGN icon
12
Amgen
AMGN
$203B
$2.72M 1.56%
12,253
-1,446
-11% -$336K
MO icon
13
Altria Group
MO
$122B
$2.72M 1.56%
60,042
+24,885
+71% +$1.13M
MRK icon
14
Merck
MRK
$324B
$2.72M 1.56%
23,556
-4,519
-16% -$513K
WMT icon
15
Walmart Inc
WMT
$871B
$2.6M 1.49%
49,608
+27
+0.1% +$1.36K
VZ icon
16
Verizon
VZ
$194B
$2.47M 1.42%
66,528
-657
-1% -$24.3K
HD icon
17
Home Depot
HD
$332B
$2.23M 1.28%
7,193
-2,274
-24% -$672K
KMB icon
18
Kimberly-Clark
KMB
$36.4B
$2.19M 1.26%
15,899
-35
-0.2% -$4.87K
LMT icon
19
Lockheed Martin
LMT
$134B
$2.13M 1.22%
4,622
+282
+6% +$131K
NVDA icon
20
NVIDIA
NVDA
$5.01T
$2.07M 1.19%
49,030
+12,750
+35% +$423K
GOOGL icon
21
Alphabet (Google) Class A
GOOGL
$3.91T
$2.07M 1.19%
17,257
-378
-2% -$43.5K
BNY
22
Bank of New York Mellon
BNY
$108B
$2.03M 1.17%
45,593
+1,564
+4% +$67.1K
CAT icon
23
Caterpillar
CAT
$409B
$2M 1.15%
8,142
+1,678
+26% +$374K
GOOG icon
24
Alphabet (Google) Class C
GOOG
$3.9T
$1.97M 1.13%
16,252
-643
-4% -$74.4K
MS icon
25
Morgan Stanley
MS
$337B
$1.95M 1.12%
22,852
-498
-2% -$42.6K
1
2 3 4 5

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Convergence Investment Partners's Q2 2023 Portfolio in Review

As of Q2 2023, Convergence Investment Partners held 208 positions worth $174M, up 2.4% from $170M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Convergence Investment Partners's Q2 2023 filing shows 31 new, 43 increased, 94 reduced and 40 closed positions. Its largest new stake was NiSource: 60,196 shares worth $1.65M. The largest sale was Truist Financial, an estimated $1.33M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.

  • Convergence Investment Partners's largest Q2 2023 buy was NiSource: 60,196 shares worth $1.65M.
  • Convergence Investment Partners added most to Citigroup in Q2 2023, an estimated $1.32M increase.
  • Convergence Investment Partners's biggest Q2 2023 reduction was Home Depot, cutting an estimated $672K.
  • Convergence Investment Partners fully exited Truist Financial in Q2 2023, selling an estimated $1.33M.
  • Convergence Investment Partners's ten largest holdings make up 24% of its $174M portfolio in Q2 2023.
  • Convergence Investment Partners opened 31 new positions and closed 40 in Q2 2023.
  • Convergence Investment Partners's portfolio value rose 2.4% quarter-over-quarter to $174M.

Based on Convergence Investment Partners's 13F filing for Q2 2023, filed 26 Jul 2023.