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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
+5.94%
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
$342M
AUM Growth
+$81.1M
Cap. Flow
+$69.2M
Cap. Flow %
20.24%
Top 10 Hldgs %
21.67%
Holding
303
New
58
Increased
98
Reduced
85
Closed
62

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$3.33M
2
NVDA icon
NVIDIA
NVDA
+$2.76M
3
AMZN icon
Amazon
AMZN
+$2.68M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$2.45M
5
APH icon
Amphenol
APH
+$2.38M

Top Sells

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$1.82M
2
CAH icon
Cardinal Health
CAH
+$1.42M
3
NEU icon
NewMarket
NEU
+$1.4M
4
NI icon
NiSource
NI
+$1.36M
5
MMM icon
3M
MMM
+$1.22M

Sector Composition

Rank Sector Weight
1 Technology 27.67%
2 Financials 14.47%
3 Healthcare 12.37%
4 Communication Services 9.38%
5 Consumer Discretionary 8.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.84T
$12.4M 3.62%
27,749
+7,881
+40% +$3.33M
NVDA icon
2
NVIDIA
NVDA
$5.01T
$11.5M 3.35%
92,781
+27,331
+42% +$2.76M
AMZN icon
3
Amazon
AMZN
$2.5T
$8.52M 2.49%
44,107
+14,583
+49% +$2.68M
GOOGL icon
4
Alphabet (Google) Class A
GOOGL
$3.91T
$6.95M 2.03%
38,150
+14,557
+62% +$2.45M
QCOM icon
5
Qualcomm
QCOM
$176B
$6.38M 1.87%
32,050
+8,059
+34% +$1.52M
AAPL icon
6
Apple
AAPL
$4.89T
$6.18M 1.81%
29,334
+769
+3% +$143K
GOOG icon
7
Alphabet (Google) Class C
GOOG
$3.9T
$5.86M 1.71%
31,954
+9,532
+43% +$1.62M
IBM icon
8
IBM
IBM
$202B
$5.79M 1.69%
33,461
+5,693
+21% +$989K
NTAP icon
9
NetApp
NTAP
$32.9B
$5.38M 1.57%
41,790
+8,986
+27% +$1.01M
WMT icon
10
Walmart Inc
WMT
$871B
$5.2M 1.52%
76,872
+18,194
+31% +$1.15M
ABBV icon
11
AbbVie
ABBV
$458B
$5.03M 1.47%
29,313
+5,193
+22% +$860K
XOM icon
12
ExxonMobil
XOM
$651B
$4.8M 1.4%
41,680
+8,526
+26% +$993K
META icon
13
Meta Platforms (Facebook)
META
$1.51T
$4.75M 1.39%
9,416
+2,198
+30% +$1.07M
JPM icon
14
JPMorgan Chase
JPM
$939B
$4.36M 1.27%
21,552
-1,969
-8% -$385K
AVGO icon
15
Broadcom
AVGO
$1.82T
$4.1M 1.2%
25,550
-13,010
-34% -$1.82M
MU icon
16
Micron Technology
MU
$1.04T
$4.07M 1.19%
30,955
+17,943
+138% +$2.26M
AMAT icon
17
Applied Materials
AMAT
$426B
$4.05M 1.18%
17,158
+8,378
+95% +$1.8M
HD icon
18
Home Depot
HD
$332B
$3.68M 1.07%
10,681
+1,033
+11% +$352K
T icon
19
AT&T
T
$165B
$3.56M 1.04%
186,488
+32,095
+21% +$558K
AMGN icon
20
Amgen
AMGN
$203B
$3.55M 1.04%
11,361
-718
-6% -$211K
GILD icon
21
Gilead Sciences
GILD
$161B
$3.49M 1.02%
50,885
-193
-0.4% -$12.9K
MO icon
22
Altria Group
MO
$122B
$3.42M 1%
75,081
+15,634
+26% +$694K
VLO icon
23
Valero Energy
VLO
$89.8B
$3.34M 0.98%
21,311
+3,036
+17% +$490K
BAC icon
24
Bank of America
BAC
$435B
$3.31M 0.97%
83,260
+17,053
+26% +$654K
ANET icon
25
Arista Networks
ANET
$219B
$3.27M 0.96%
37,316
+18,108
+94% +$1.35M
1
2 3 4 5

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Convergence Investment Partners's Q2 2024 Portfolio in Review

As of Q2 2024, Convergence Investment Partners held 303 positions worth $342M, up 31% from $261M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Convergence Investment Partners deployed $69.2M of net new capital in Q2 2024, opening 58 new positions and adding to 98 existing holdings. Its largest new stake was Amphenol: 37,683 shares worth $2.54M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Broadcom, an estimated $1.82M trimmed.

  • Convergence Investment Partners's largest Q2 2024 buy was Amphenol: 37,683 shares worth $2.54M.
  • Convergence Investment Partners added most to Microsoft in Q2 2024, an estimated $3.33M increase.
  • Convergence Investment Partners's biggest Q2 2024 reduction was Broadcom, cutting an estimated $1.82M.
  • Convergence Investment Partners fully exited NewMarket in Q2 2024, selling an estimated $1.4M.
  • Convergence Investment Partners's ten largest holdings make up 22% of its $342M portfolio in Q2 2024.
  • Convergence Investment Partners opened 58 new positions and closed 62 in Q2 2024.
  • Convergence Investment Partners's portfolio value rose 31% quarter-over-quarter to $342M.

Based on Convergence Investment Partners's 13F filing for Q2 2024, filed 1 Aug 2024.