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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
+16.1%
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
$261M
AUM Growth
+$69.6M
Cap. Flow
+$41.9M
Cap. Flow %
16.04%
Top 10 Hldgs %
19.89%
Holding
272
New
81
Increased
91
Reduced
73
Closed
27

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$1.59M
2
FAST icon
Fastenal
FAST
+$1.56M
3
AMAT icon
Applied Materials
AMAT
+$1.29M
4
STT icon
State Street
STT
+$1.27M
5
TSN icon
Tyson Foods
TSN
+$1.18M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$1.61M
2
GS icon
Goldman Sachs
GS
+$1.41M
3
AIRC
Apartment Income REIT Corp.
AIRC
+$1.16M
4
MSM icon
MSC Industrial Direct
MSM
+$1.07M
5
MDC
M.D.C. Holdings, Inc.
MDC
+$1.01M

Sector Composition

Rank Sector Weight
1 Technology 23.75%
2 Financials 15.9%
3 Healthcare 13.07%
4 Communication Services 8.48%
5 Industrials 8.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.91T
$8.36M 3.2%
19,868
+405
+2% +$164K
NVDA icon
2
NVIDIA
NVDA
$4.7T
$5.91M 2.27%
65,450
+8,120
+14% +$589K
AMZN icon
3
Amazon
AMZN
$2.47T
$5.33M 2.04%
29,524
+5,054
+21% +$844K
IBM icon
4
IBM
IBM
$205B
$5.3M 2.03%
27,768
+6,429
+30% +$1.17M
AVGO icon
5
Broadcom
AVGO
$1.8T
$5.11M 1.96%
38,560
-13,020
-25% -$1.61M
AAPL icon
6
Apple
AAPL
$4.96T
$4.9M 1.88%
28,565
+1,679
+6% +$305K
JPM icon
7
JPMorgan Chase
JPM
$946B
$4.71M 1.8%
23,521
+890
+4% +$161K
ABBV icon
8
AbbVie
ABBV
$467B
$4.39M 1.68%
24,120
+1,105
+5% +$190K
QCOM icon
9
Qualcomm
QCOM
$175B
$4.06M 1.56%
23,991
+5,775
+32% +$893K
XOM icon
10
ExxonMobil
XOM
$645B
$3.85M 1.48%
33,154
-5,388
-14% -$564K
GILD icon
11
Gilead Sciences
GILD
$166B
$3.74M 1.43%
51,078
+5,389
+12% +$414K
HD icon
12
Home Depot
HD
$346B
$3.7M 1.42%
9,648
+2,273
+31% +$830K
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4T
$3.56M 1.36%
23,593
+3,237
+16% +$463K
PSX icon
14
Phillips 66
PSX
$84.1B
$3.55M 1.36%
21,731
+1,681
+8% +$242K
WMT icon
15
Walmart Inc
WMT
$919B
$3.53M 1.35%
58,678
+5,743
+11% +$329K
META icon
16
Meta Platforms (Facebook)
META
$1.51T
$3.5M 1.34%
7,218
+78
+1% +$34.8K
NTAP icon
17
NetApp
NTAP
$32.4B
$3.44M 1.32%
32,804
+12,381
+61% +$1.15M
AMGN icon
18
Amgen
AMGN
$212B
$3.43M 1.32%
12,079
+289
+2% +$84.6K
CAH icon
19
Cardinal Health
CAH
$54.3B
$3.43M 1.31%
30,637
+2,249
+8% +$243K
GOOG icon
20
Alphabet (Google) Class C
GOOG
$4T
$3.41M 1.31%
22,422
+3,544
+19% +$512K
VLO icon
21
Valero Energy
VLO
$91B
$3.12M 1.19%
18,275
+950
+5% +$136K
MRK icon
22
Merck
MRK
$330B
$3.03M 1.16%
22,977
+3,415
+17% +$421K
T icon
23
AT&T
T
$173B
$2.72M 1.04%
154,393
+16,249
+12% +$277K
CAT icon
24
Caterpillar
CAT
$384B
$2.62M 1%
7,136
+1,339
+23% +$428K
MO icon
25
Altria Group
MO
$128B
$2.59M 0.99%
59,447
+8,404
+16% +$348K
1
2 3 4 5

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Convergence Investment Partners's Q1 2024 Portfolio in Review

As of Q1 2024, Convergence Investment Partners held 272 positions worth $261M, up 36% from $191M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Convergence Investment Partners deployed $41.9M of net new capital in Q1 2024, opening 81 new positions and adding to 91 existing holdings. Its largest new stake was RTX Corp: 17,605 shares worth $1.72M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Broadcom, an estimated $1.61M trimmed.

  • Convergence Investment Partners's largest Q1 2024 buy was RTX Corp: 17,605 shares worth $1.72M.
  • Convergence Investment Partners added most to Applied Materials in Q1 2024, an estimated $1.29M increase.
  • Convergence Investment Partners's biggest Q1 2024 reduction was Broadcom, cutting an estimated $1.61M.
  • Convergence Investment Partners fully exited Apartment Income REIT Corp. in Q1 2024, selling an estimated $1.16M.
  • Convergence Investment Partners's ten largest holdings make up 20% of its $261M portfolio in Q1 2024.
  • Convergence Investment Partners opened 81 new positions and closed 27 in Q1 2024.
  • Convergence Investment Partners's portfolio value rose 36% quarter-over-quarter to $261M.

Based on Convergence Investment Partners's 13F filing for Q1 2024, filed 3 May 2024.