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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
+13.23%
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
$191M
AUM Growth
+$22.3M
Cap. Flow
+$3.88M
Cap. Flow %
2.03%
Top 10 Hldgs %
22.9%
Holding
212
New
50
Increased
59
Reduced
81
Closed
21

Top Buys

Rank Stock Value
1
GRMN
Garmin
GRMN
+$1.23M
2
WFC icon
Wells Fargo
WFC
+$1.16M
3
CME icon
CME Group
CME
+$1.16M
4
VST icon
Vistra
VST
+$1.06M
5
NEU icon
NewMarket
NEU
+$1.05M

Top Sells

Rank Stock Value
1
USB icon
US Bancorp
USB
+$1.43M
2
TXN icon
Texas Instruments
TXN
+$1.3M
3
TROW icon
T. Rowe Price
TROW
+$1.2M
4
EQR icon
Equity Residential
EQR
+$1.08M
5
MPC icon
Marathon Petroleum
MPC
+$921K

Sector Composition

Rank Sector Weight
1 Technology 24.81%
2 Financials 16.36%
3 Healthcare 13.78%
4 Communication Services 8.49%
5 Consumer Discretionary 7.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.89T
$7.32M 3.82%
19,463
+723
+4% +$257K
AVGO icon
2
Broadcom
AVGO
$1.82T
$5.76M 3.01%
51,580
-6,990
-12% -$662K
AAPL icon
3
Apple
AAPL
$4.95T
$5.18M 2.7%
26,886
+615
+2% +$114K
XOM icon
4
ExxonMobil
XOM
$642B
$3.85M 2.01%
38,542
-2,375
-6% -$250K
JPM icon
5
JPMorgan Chase
JPM
$947B
$3.85M 2.01%
22,631
+181
+0.8% +$27.4K
AMZN icon
6
Amazon
AMZN
$2.49T
$3.72M 1.94%
24,470
+1,114
+5% +$156K
GILD icon
7
Gilead Sciences
GILD
$162B
$3.7M 1.93%
45,689
-3,495
-7% -$272K
ABBV icon
8
AbbVie
ABBV
$454B
$3.57M 1.86%
23,015
-654
-3% -$95.3K
IBM icon
9
IBM
IBM
$204B
$3.49M 1.82%
21,339
-1,118
-5% -$169K
AMGN icon
10
Amgen
AMGN
$203B
$3.4M 1.77%
11,790
-313
-3% -$85.3K
CSCO icon
11
Cisco
CSCO
$452B
$3.23M 1.69%
63,993
-10,364
-14% -$530K
CAH icon
12
Cardinal Health
CAH
$53.7B
$2.86M 1.5%
28,388
-1,164
-4% -$115K
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$3.99T
$2.84M 1.49%
20,356
+647
+3% +$86.9K
NVDA icon
14
NVIDIA
NVDA
$4.76T
$2.84M 1.48%
57,330
+5,150
+10% +$239K
WMT icon
15
Walmart Inc
WMT
$889B
$2.78M 1.45%
52,935
-4,179
-7% -$221K
PSX icon
16
Phillips 66
PSX
$83.3B
$2.67M 1.4%
20,050
-1,602
-7% -$191K
GOOG icon
17
Alphabet (Google) Class C
GOOG
$3.99T
$2.66M 1.39%
18,878
+267
+1% +$36.2K
QCOM icon
18
Qualcomm
QCOM
$179B
$2.63M 1.38%
18,216
+6,532
+56% +$809K
HD icon
19
Home Depot
HD
$335B
$2.56M 1.34%
7,375
-499
-6% -$155K
META icon
20
Meta Platforms (Facebook)
META
$1.51T
$2.53M 1.32%
7,140
+645
+10% +$210K
VZ icon
21
Verizon
VZ
$198B
$2.39M 1.25%
63,425
-2,725
-4% -$96.4K
T icon
22
AT&T
T
$167B
$2.32M 1.21%
138,144
+37,410
+37% +$591K
VLO icon
23
Valero Energy
VLO
$90.5B
$2.25M 1.18%
17,325
-550
-3% -$70K
CVX icon
24
Chevron
CVX
$378B
$2.14M 1.12%
14,327
-920
-6% -$139K
MRK icon
25
Merck
MRK
$323B
$2.13M 1.11%
19,562
-560
-3% -$58.1K
1
2 3 4 5

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Convergence Investment Partners's Q4 2023 Portfolio in Review

As of Q4 2023, Convergence Investment Partners held 212 positions worth $191M, up 13% from $169M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Convergence Investment Partners's Q4 2023 filing shows 50 new, 59 increased, 81 reduced and 21 closed positions. Its largest new stake was Garmin: 10,629 shares worth $1.37M. The largest sale was US Bancorp, an estimated $1.43M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • Convergence Investment Partners's largest Q4 2023 buy was Garmin: 10,629 shares worth $1.37M.
  • Convergence Investment Partners added most to Wells Fargo in Q4 2023, an estimated $1.16M increase.
  • Convergence Investment Partners's biggest Q4 2023 reduction was US Bancorp, cutting an estimated $1.43M.
  • Convergence Investment Partners fully exited T. Rowe Price in Q4 2023, selling an estimated $1.2M.
  • Convergence Investment Partners's ten largest holdings make up 23% of its $191M portfolio in Q4 2023.
  • Convergence Investment Partners opened 50 new positions and closed 21 in Q4 2023.
  • Convergence Investment Partners's portfolio value rose 13% quarter-over-quarter to $191M.

Based on Convergence Investment Partners's 13F filing for Q4 2023, filed 5 Feb 2024.