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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
+0.51%
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
$169M
AUM Growth
-$5.1M
Cap. Flow
-$3.17M
Cap. Flow %
-1.88%
Top 10 Hldgs %
24.23%
Holding
197
New
29
Increased
65
Reduced
66
Closed
35

Top Buys

Rank Stock Value
1
FDX icon
FedEx
FDX
+$1.35M
2
TROW icon
T. Rowe Price
TROW
+$1.29M
3
MMM icon
3M
MMM
+$1.22M
4
CMCSA icon
Comcast
CMCSA
+$998K
5
IIPR icon
Innovative Industrial Properties
IIPR
+$995K

Top Sells

Rank Stock Value
1
UPS icon
United Parcel Service
UPS
+$1.49M
2
STT icon
State Street
STT
+$1.24M
3
IPG
Interpublic Group of Companies
IPG
+$1.08M
4
CVS icon
CVS Health
CVS
+$876K
5
WBA
Walgreens Boots Alliance
WBA
+$859K

Sector Composition

Rank Sector Weight
1 Technology 22.86%
2 Financials 15.06%
3 Healthcare 14.44%
4 Energy 9.24%
5 Consumer Discretionary 8.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.89T
$5.92M 3.5%
18,740
+999
+6% +$330K
AVGO icon
2
Broadcom
AVGO
$1.82T
$4.87M 2.88%
58,570
-2,140
-4% -$186K
XOM icon
3
ExxonMobil
XOM
$642B
$4.81M 2.85%
40,917
+1,569
+4% +$172K
AAPL icon
4
Apple
AAPL
$4.95T
$4.5M 2.66%
26,271
-1,159
-4% -$213K
CSCO icon
5
Cisco
CSCO
$452B
$4M 2.36%
74,357
-2,757
-4% -$149K
GILD icon
6
Gilead Sciences
GILD
$162B
$3.69M 2.18%
49,184
-186
-0.4% -$14.3K
ABBV icon
7
AbbVie
ABBV
$454B
$3.53M 2.09%
23,669
-87
-0.4% -$12.8K
JPM icon
8
JPMorgan Chase
JPM
$947B
$3.26M 1.93%
22,450
+1,562
+7% +$234K
AMGN icon
9
Amgen
AMGN
$203B
$3.25M 1.92%
12,103
-150
-1% -$37.4K
IBM icon
10
IBM
IBM
$204B
$3.15M 1.86%
22,457
-725
-3% -$103K
WMT icon
11
Walmart Inc
WMT
$889B
$3.04M 1.8%
57,114
+7,506
+15% +$399K
AMZN icon
12
Amazon
AMZN
$2.49T
$2.97M 1.76%
23,356
+719
+3% +$96.3K
PSX icon
13
Phillips 66
PSX
$83.3B
$2.6M 1.54%
21,652
+2,288
+12% +$257K
GOOGL icon
14
Alphabet (Google) Class A
GOOGL
$3.99T
$2.58M 1.53%
19,709
+2,452
+14% +$317K
CVX icon
15
Chevron
CVX
$378B
$2.57M 1.52%
15,247
+2,870
+23% +$464K
CAH icon
16
Cardinal Health
CAH
$53.7B
$2.57M 1.52%
29,552
-4,504
-13% -$407K
VLO icon
17
Valero Energy
VLO
$90.5B
$2.53M 1.5%
17,875
+1,403
+9% +$184K
GOOG icon
18
Alphabet (Google) Class C
GOOG
$3.99T
$2.45M 1.45%
18,611
+2,359
+15% +$307K
MO icon
19
Altria Group
MO
$122B
$2.44M 1.44%
57,963
-2,079
-3% -$91.9K
HD icon
20
Home Depot
HD
$335B
$2.38M 1.41%
7,874
+681
+9% +$219K
NVDA icon
21
NVIDIA
NVDA
$4.76T
$2.27M 1.34%
52,180
+3,150
+6% +$141K
VZ icon
22
Verizon
VZ
$198B
$2.14M 1.27%
66,150
-378
-0.6% -$12.8K
MRK icon
23
Merck
MRK
$323B
$2.07M 1.23%
20,122
-3,434
-15% -$370K
META icon
24
Meta Platforms (Facebook)
META
$1.51T
$1.95M 1.15%
6,495
-146
-2% -$44K
CMCSA icon
25
Comcast
CMCSA
$80.9B
$1.92M 1.13%
43,250
+22,355
+107% +$998K
1
2 3 4 5

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Convergence Investment Partners's Q3 2023 Portfolio in Review

As of Q3 2023, Convergence Investment Partners held 197 positions worth $169M, down 2.9% from $174M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Convergence Investment Partners's Q3 2023 filing shows 29 new, 65 increased, 66 reduced and 35 closed positions. Its largest new stake was T. Rowe Price: 11,446 shares worth $1.2M. The largest sale was United Parcel Service, an estimated $1.49M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.

  • Convergence Investment Partners's largest Q3 2023 buy was T. Rowe Price: 11,446 shares worth $1.2M.
  • Convergence Investment Partners added most to FedEx in Q3 2023, an estimated $1.35M increase.
  • Convergence Investment Partners's biggest Q3 2023 reduction was United Parcel Service, cutting an estimated $1.49M.
  • Convergence Investment Partners fully exited State Street in Q3 2023, selling an estimated $1.24M.
  • Convergence Investment Partners's ten largest holdings make up 24% of its $169M portfolio in Q3 2023.
  • Convergence Investment Partners opened 29 new positions and closed 35 in Q3 2023.
  • Convergence Investment Partners's portfolio value fell 2.9% quarter-over-quarter to $169M.

Based on Convergence Investment Partners's 13F filing for Q3 2023, filed 2 Nov 2023.